Wild West Buying and selling in Colorado ski towns: a cautionary tale from steamboat values plunge

Wild West Buying and selling in Colorado ski towns: a cautionary tale from steamboat values plunge

There is a condo complex in Steamboat Springs, CO where units have precipitously dropped in value overnight while owners cannot sell, refinance, rent, or in many cases use the units.  The units themselves are fine, but there is one huge problem.  What happened in...
Big changes in Colorado ski real estate from the virus

Big changes in Colorado ski real estate from the virus

Happy summer to everyone, it sure doesn’t feel that way in the mountains with a dusting of fresh snow on the peaks this week. Do you know what pass this is? There are some big changes coming down the pipe not just for the weather but in Colorado ski real...
Ski industry loses 2 billion, Vail resorts stock drops 45%

Ski industry loses 2 billion, Vail resorts stock drops 45%

We are still Lending!  Do you know where I took this picture?  It is amazing how quickly fortunes have changed, less than a month ago Vail resorts stock peaked, yet over the course of a few weeks Vail lost over $200 million and its stock dropped 42% while the industry...
Real Estate Inventory down almost 30% in Denver

Real Estate Inventory down almost 30% in Denver

  According to the Colorado Association of Realtors, Denver real estate inventory fell 29% in December, number of sales increased 17% and sold price increased 5%. Breckenridge and Steamboat also saw listings decline by almost 30% with prices increasing modestly....
Sales tax revenue doubles in Breckenridge, up 50% throughout Colorado, What’s next in mountain real estate?

Sales tax revenue doubles in Breckenridge, up 50% throughout Colorado, What’s next in mountain real estate?

  Breckenridge, Steamboat, Vail, Winter Park, and Telluride  have all achieved record sales tax revenue this season.  You aren’t imagining it, the mountains are getting busy!  What is driving these all-time records? How does this impact real estate? Will...