April 2024 Short Term Rental Tax Update
A lot of us have been waiting to see what would happened with proposed property tax increases on short term rentals in Colorado. The main bill, SB24-033, kept getting postponed in when it would be voted on with the finance committee, but was finally heard … Continue reading April 2024 Short Term Rental Tax Update
Update on state-wide STR Bill (SB24-033)
There’s a new bill regarding property taxes on lodging properties going through the Colorado Legislature. Previously known as bill 6 when it was voted on in committee late last year, and now as bill 33, which is how it was introduced to the Colorado Senate … Continue reading Update on state-wide STR Bill (SB24-033)
Grand County October 2023 Market Update
Condos and single family homes in Grand County saw a -8.7% decrease in average sales prices YOY in September, while closings remained the same at 37 units and inventory increased by 5.6% The single family home market looked quite different with average price increasing by … Continue reading Grand County October 2023 Market Update
Park County October 2023 Market Update
Park county is experiencing a slow down in the market with 25% fewer sales closed in September 2023 than in September 2022, and at the same time inventory is up 22.6%. However, prices are holding and increased by 8% YOY.
Teller County October 2023 Market Update
September showed a healthy increase in average price for single family homes at 10.5% between September 2022 and September 2023. At the same time, the number of sold units decreased by -20.3% and inventory increased by 17.6%. Teller county has very few attached properties, which … Continue reading Teller County October 2023 Market Update
Summit County October 2023 Market Update
The market for townhomes and condos was pretty stable YOY in Summit county, with average price increasing by 6.4% between September 2022 and September 2023, the number of closed sales increasing from 99 to 100, and inventory dipping -1.7% Prices increased for single family homes … Continue reading Summit County October 2023 Market Update
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