A bill hiking taxes for many short-term rentals in Colorado dies in first committee hearing

 #breckenridge #colorado #realestate

A bill that would have significantly grown taxes for thousands of short-term rentals in the state was killed in its first committee hearing late Tuesday even after the sponsor attempted to make changes to the legislation.

In its original form, Senate Bill 33 would have required any property used as a short-term rental for more than 90 days per year to pay the state’s lodging tax. Colorado’s property tax assessment rate for lodging properties in 2023 was 27.9%. For residential properties, it was set at 6.765%. 

Sen. Chris Hansen, a Denver Democrat and prime sponsor of the bill, proposed changing the bill into only a study of short-term rental impacts. His amendment also would have prevented hotels from reclassifying their units as short-term rentals to avoid higher taxes.

For the complete story click here

Bill hiking taxes for short-term rentals to be gutted after resistance from AirBnB, VRBO

 #breckenridge #colorado #realestate

A bill that would have quadrupled property taxes for thousands of short-term rentals in Colorado is set to be significantly watered down next week, according to the bill’s sponsor.

Since Sen. Chris Hansen, D-Denver, proposed the bill in the fall, AirBnB, VRBO and other short-term rental owners have rallied against the idea, saying it would devastate the tourism economy that ski towns rely on.

Senate Bill 33 proposed classifying any property used as a short-term rental or more than 90 days per year as a lodging property beginning in 2026. Colorado’s property tax assessment rate for lodging properties in 2023 was 27.9%. For residential properties, it was set at 6.765%. 

If Hansen’s amendments are approved in Tuesday’s Senate Finance Committee hearing, Senate Bill 33 will instead require only a study of short-term rentals in the state. It would also prevent hotels from converting their rooms into short-term rentals to avoid paying the state’s lodging tax, Hansen said. 

For the complete story click here

Same 'ole, same 'ole in Breckenridge recent town council and mayor vote

 #breckenridge #colorado #realestate

Once again the voters of Breckenridge have decided to keep the same people in office = mostly.  The new mayor is the former mayor pro-temp after Mamula resigned to move up to the higher paying job of County Commissioner a few months ago.

So, we're stuck with the same anti-short term rental bunch that passed the seemingly unconstitional rules governing short term rentals in Breckenridge.

However, there is an ongoing lawsuite against the town regarding the short term rental regulations.

I believe if we continue down this path for too long, Breckenridge as we know it now will cease to exist.

A gentle reminder:  who pays for all that Breckenridge offers?  Tourists, that's who.  When tourists come to town what is their very basic requirement?  Short-term lodging.

It seems hard to believe the residents and government of Breckenridge wants to kill the goose that laid the golden egg, but that seems to be the case.

My rant is over for the weekend.  Thank you for listening.

Eagle County is a star in NASA’s new moon mission

 #colorado #realestate #Gypsum

Eagle County, over the last few years, has seen regular rotations of NASA astronauts come through what the U.S. Department of Defense calls “America’s highest level of training” at the U.S. Army’s High-Altitude Aviation Training Site in Gypsum.

But that training program could soon ramp up even more as NASA aims to take its preparations to the next level in readying the human landing system component of the upcoming Artemis moon mission.

Doug Wheelock is in charge of building the training program. Wheelock was an experimental test pilot in the U.S. Army before he was selected to be a NASA astronaut in 1998. He flew in the space shuttle Discovery in 2007 and was later selected to be the commander of the International Space Station, spending six months aboard the ISS. Wheelock completed six spacewalks before being selected to chair the Artemis mission’s joint test panel for the human landing system.

Eagle County, over the last few years, has seen regular rotations of NASA astronauts come through what the U.S. Department of Defense calls “America’s highest level of training” at the U.S. Army’s High-Altitude Aviation Training Site in Gypsum.

But that training program could soon ramp up even more as NASA aims to take its preparations to the next level in readying the human landing system component of the upcoming Artemis moon mission.

Click here for the full story

Months into new regulations, short-term rental owners say they may need to sell their properties in Summit County

 #breckenridge #colorado #realestate

Laura James’s Breckenridge home is dotted with 45 years of family memories. 

A pot-bellied stove stands in the basement where, as a child, James smelled the aromas of coffee and oatmeal as it heated. A pair of 1970s snowshoes that belonged to her dad now decorate a wall. Warm light pours into the living room through her late mother’s handmade stained glass window. 

When James and her husband purchased the home from James’s parents in 2016, they had every intention of making new memories by keeping it in the family. In order to afford the property in addition to their primary residence in Colorado Springs, James said they turned to short-term renting. 

“We’re not a big corporation. This is a family dream,” James said. “Our revenue is solely to cover our mortgage, our expenses and our employment of local workers.”

The couple made it work for years. But now, under new short-term rental regulations in Summit County, James said they’re concerned about the ability to hold onto their Breckenridge property. 

For the full story click here

Looking for a second home very close to downtown and boarding/skiing in Breckenridge?

 #breckenridge #realestate #colorado

In a highly sought-after Breckenridge neighborhood this Mill Run townhome style condo offers the perfect blend of luxury, convenience, and privacy, making it an exceptional ownership opportunity.

Situated just two short blocks from downtown and the base area at Peak 9, this 4-bedroom condo boasts a secluded location that allows you to immerse yourself in the serene mountain surroundings while still being in close proximity to all the amenities the town has to offer. With skiing, hiking, and biking trails nearby, adventure awaits right at your doorstep.

Priced at less than $1,000 per square foot, you won't find a better deal in the market. This small complex rarely has units come up for sale, making this an opportunity you simply can't pass up. With a highly desirable location, impeccable finishes, and ample living space, this condo presents the perfect investment for those seeking the ultimate mountain retreat.

Natural light floods into every corner of this unit, thanks to its huge south-facing windows and skylights  make the interior bright and inviting at any time of the day.  The vaulted ceilings and rustic 4 x 10 rough-hewn beams add a touch of rustic charm, creating a cozy atmosphere that instantly feels like home. The tongue and groove ceilings further enhance the character of this beautiful condo.

Don't miss out on the chance to own a piece of paradise in Breckenridge. Call or text me today to schedule a viewing and secure this remarkable condo before it's gone. Act fast as opportunities like this are few and far between. Trust me, you won't regret it.  970-485-0293 or email:  nancy@buyinbreckenridge.com

For all the details and lots more photos click Here

A remarkable opportunity at Beaver Run in Breckenridge

 #breckenridge #realestate #colorado

Investing in a condo in Breckenridge means hitching a ride on a thriving real estate market with consistently increasing property values. 

Boasting a blend of second-home buyers, vacation rental investors, and full-time residents, the town's demand for properties remains strong. By securing your investment today, you tap into a market that promises long-term appreciation and lucrative returns.

This 4 bedroom/4 bath condo boasts an unparalleled location in the prestigious town of Breckenridge, known as the jewel of the Colorado Rockies. Nestled amidst soaring peaks and surrounded by national forests, this internationally renowned destination attracts millions of tourists year-round. 

Investing in a property located in a world-class vacation spot guarantees sustained demand and ample rental income.

Breckenridge is not only a haven for   outdoor enthusiasts but also a treasure   trove for foodies and culture  connoisseurs. The town's vibrant  culinary scene offers a plethora of  dining options, ranging from cozy  mountain taverns to upscale gourmet   restaurants. 

 Moreover, Breckenridge hosts  numerous festivals, art galleries, and theaters, providing a year-round  cultural calendar that adds value to your investment.

Are you ready to embark on the investment journey of a lifetime? Don't miss out on this extraordinary opportunity to own a condo in the iconic town of Breckenridge, Colorado. 

With its prestige, endless recreational opportunities, and robust rental demand, this fantastic investment promises remarkable growth and profitability. 

Secure your future in the lap of luxury by investing in the internationally renowned Breckenridge today!

Call or text me today 970-485-0293 or nancy@buyinbreckenridge.com for more information.  For detailed information and many more photos click the link below:

Click Here

Colorado Springs agrees to give up water rights for Summit County basin reservoirs

 #breckenridge #realestate #colorado

While it may be hard to believe, almost every city (including Colorado Springs) along the Front Range in Colorado gets its water from across the continental divide to the west through a series of pipelines and tunnels.  Taking the water that would eventually end up in the colorado river.

Colorado Springs has agreed to give up water rights tied to reservoirs in the Blue River basin in exchange for the ability to expand Montgomery Reservoir on the east side of the Continental Divide without opposition from Western Slope entities.

Colorado Springs Utilities had been fighting in water court since 2015 to hang onto conditional water rights originally decreed in 1952 and tied to three proposed reservoirs: Lower Blue Reservoir, on Monte Cristo Creek; Spruce Lake Reservoir, on Spruce Creek; and Mayflower Reservoir, which would also have been built on Spruce Creek. Lower Blue Reservoir was decreed for a 50-foot-tall dam and 1,006 acre-feet of water; Spruce Lake Reservoir was decreed for an 80- to 90-foot-tall dam and 1,542 acre-feet; and Mayflower Reservoir, was decreed for a 75- to 85-foot-tall dam and 618 acre-feet.

After negotiations with eight opposers, including the Colorado River Water Conservation District, Summit County and the town of Breckenridge, the parties are set to approve an agreement that would cancel the conditional water rights for Spruce Lake and Mayflower reservoirs. A third potential reservoir, Lower Blue, would keep its 70-year-old rights, but Colorado Springs would transfer the majority of the water stored to Breckenridge and Summit County, and would share the costs of building that reservoir, which would be owned and operated by Breckenridge and Summit County. 

Read the rest of the story by clicking here

In-bounds controlled slide on Breckenridge’s Peak 7 highlights importance of snow safety work amid challenging snowpack

 #breckenridge #realestate #colorado

Although it may seem like the in-bounds terrain at ski areas is completely safe from avalanches, the reality is that ski patrollers put their lives on the line in order to mitigate avalanche risks and ensure a safe experience for guests.

With a challenging snowpack this winter season, Breckenridge Ski Resort’s avalanche mitigation work resulted in a significant ski-patrol-triggered slide on Peak 7 on Friday, Jan. 19. It was triggered using a hand charge that sent snow across most of the avalanche slide zones located under the summit of Peak 7.

Breckenridge ski patrol director Hunter Mortensen believes the avalanche charge was placed in the south summit snowfield or the north summit snowfield before tons of snow slid down the mountain.

Every day, Breckenridge ski patrol is faced with the high-stakes job of making sure that all of the known terrain zones in need of mitigation are safe and stable for the public to ski and ride. Ski patrol has these areas mapped across a massive, but colorful, Breckenridge terrain atlas that hangs inside the ski patrol headquarters within the lower level of Vista Haus on Peak 8.

“No ski run at Breck or anywhere I can think of is worth getting caught in an avalanche for,” Mortensen said. “For us, our job is that as soon as we put you on it, we feel as good as we possibly can. In a year like this, it means we step way back.”

For the complete story click here

Bills being debated at the Colorado Capitol could impact outdoor recreation

 #breckenridge #realestate #colorado

A few weeks into Colorado’s 120-day legislative session, several bills are up for debate that may impact how residents and tourists recreate in the High Country. 

While the biggest fights for mountain tourism this session likely will be centered around taxes for short term rentals other debates impacting the industry are brewing as well.

The bills introduced so far impacting how tourists and residents play in the mountains range from what rules truckers on Interstate 70 must follow, to liability protections for private landowners allowing recreation on their property. Here’s a look at what some of the bills would do.

Rules for truckers on I-70

would impose new rules for commercial vehicles such as semitrailers in Colorado, including making it a traffic offense for them to use the left lane on I-70 between Glenwood Springs and Morrison. 

There would be an exception for trucks passing vehicles driving below the speed limit.  I'd also impose this rule on all those idiots that drive in the left lane constantly, no matter what.

Added protections for landowners who allow recreation on their land

would alter the Colorado Recreational Use Statutes to limit landowner liability when people recreate on private land as long as a warning sign is posted by the landowner. 

There are quite a few more.  Please click Link to real about all of them.

An exceptional opportunity for second homeownership in Breckenridge

 #breckenridge #colorado #realestate

In a highly sought-after Breckenridge neighborhood this Mill Run townhome style condo offers the perfect blend of luxury, convenience, and privacy, making it an exceptional ownership opportunity.

Situated just two short blocks from downtown and the base area at Peak 9, this 4-bedroom condo boasts a secluded location that allows you to immerse yourself in the serene mountain surroundings while still being in close proximity to all the amenities the town has to offer. With skiing, hiking, and biking trails nearby, adventure awaits right at your doorstep.

Natural light floods into every corner of this unit, thanks to its huge south-facing windows and skylights  make the interior bright and inviting at any time of the day.  The vaulted ceilings and rustic 4 x 10 rough-hewn beams add a touch of rustic charm, creating a cozy atmosphere that instantly feels like home. The tongue and groove ceilings further enhance the character of this beautiful condo.

Priced at less than $1,000 per square foot, you won't find a better deal in the market. This small complex rarely has units come up for sale, making this an opportunity you simply can't pass up. With a highly desirable location, impeccable finishes, and ample living space, this condo presents the perfect investment for those seeking the ultimate mountain retreat.

Don't miss out on the chance to own a piece of paradise in Breckenridge. Call or text me today to schedule a viewing and secure this remarkable condo before it's gone. Act fast as opportunities like this are few and far between. Trust me, you won't regret it.  970-485-0293 or email:  nancy@buyinbreckenridge.com

For all the details and lots more photos click Here

If you missed the annual snow sculpting event in Breckenridge here are some of the photos

 #breckenridge #colorado #realestate

Click the following link to view them all:

Click here

Courtesy of the Summit Daily News

A remarkable opportunity that embodies the epitome of luxury and investment potential

 #breckenridge #realestate #colorado

Details like these granite
window sills set the unit apart

Investing in a condo in Breckenridge means hitching a ride on a thriving real estate market with consistently increasing property values. 

Boasting a blend of second-home buyers, vacation rental investors, and full-time residents, the town's demand for properties remains strong. By securing your investment today, you tap into a market that promises long-term appreciation and lucrative returns.

This 4 bedroom/4 bath condo boasts an unparalleled location in the prestigious town of Breckenridge, known as the jewel of the Colorado Rockies. Nestled amidst soaring peaks and surrounded by national forests, this internationally renowned destination attracts millions of tourists year-round. 

Investing in a property located in a world-class vacation spot guarantees sustained demand and ample rental income.

View from the deck of the condo

 Breckenridge is not only a haven for   outdoor enthusiasts but also a treasure   trove for foodies and culture   connoisseurs. The town's vibrant   culinary scene offers a plethora of   dining options, ranging from cozy   mountain taverns to upscale gourmet   restaurants. 

  Moreover, Breckenridge hosts   numerous festivals, art galleries, and   theaters, providing a year-round   cultural calendar that adds value to your investment.

Are you ready to embark on the investment journey of a lifetime? Don't miss out on this extraordinary opportunity to own a condo in the iconic town of Breckenridge, Colorado. 

With its prestige, endless recreational opportunities, and robust rental demand, this fantastic investment promises remarkable growth and profitability. 

The main living area of the unit

Secure your future in the lap of luxury by investing in the internationally renowned Breckenridge today!

Call or text me today 970-485-0293 or nancy@buyinbreckenridge.com for more information.  For detailed information and many more photos click the link below:

Click here

 #breckenridge #realestate #colorado

What can we expect in the Market in this New Year?  The new year looks to be off to a good start with strong financial markets, new lower interest rates and rumors that the Fed could actually be reducing interest rates further, making mortgages more affordable.  This bodes well for stimulating more home/investment buying and selling activity and potentially driving up property prices??? Interested in Buying, Selling or, know someone that does? ​ Give me a call, text or email!

Now take a Dive into 2023 Summit County Real Estate Sales Reports

The Above chart provides a comprehensive view of the 2023 sales categorized by price range. And within each price range, you can observe a visual representation of the market share, the actual number of sales and the percentage that each segment contributes to the total 2023 sales. ​ Note a few key findings: - Surprisingly, sales under $500K constituted a significant portion, representing 10% of the market with 120 sales. ​  - The $500K to $1M range emerged as the front runner, commanding a substantial lead with 491 sales, and constituting 40% of the 2023 sales market. ​  - The $1M to $2M range secured a strong second position with 418 sales and capturing 34% of the market.

And be sure to check out the specifics of the residential, single family homes and condominium sales for the year, 2023 by clicking on the charts below. ​

​​​Residential Sales by Town ​​​​ ​​​Single Family Sales by Town ​​​​

Condominium Sales by Town

Nancy Yearout Broker Associate RE/MAX Properties of the Summit 970-485-0293 nancy@buyinbreckenridge.com

RE/MAX Properties of the Summit - 2 Offices in Summit County, CO: Breckenridge & Frisco ​

You can't pass up this beautiful condo at this price!

#breckenridge #realestateforsale #colorado

In a highly sought-after Breckenridge neighborhood this Mill Run townhome style condo offers the perfect blend of luxury, convenience, and privacy, making it an exceptional ownership opportunity.

Situated just two short blocks from downtown and the base area at Peak 9, this 4-bedroom condo boasts a secluded location that allows you to immerse yourself in the serene mountain surroundings while still being in close proximity to all the amenities the town has to offer. With skiing, hiking, and biking trails nearby, adventure awaits right at your doorstep.

Natural light floods into every corner of this unit, thanks to its huge south-facing windows and skylights  make the interior bright and inviting at any time of the day.  The vaulted ceilings and rustic 4 x 10 rough-hewn beams add a touch of rustic charm, creating a cozy atmosphere that instantly feels like home. The tongue and groove ceilings further enhance the character of this beautiful condo.

Priced at less than $1,000 per square foot, you won't find a better deal in the market. This small complex rarely has units come up for sale, making this an opportunity you simply can't pass up. With a highly desirable location, impeccable finishes, and ample living space, this condo presents the perfect investment for those seeking the ultimate mountain retreat.

Don't miss out on the chance to own a piece of paradise in Breckenridge. Call or text me today to schedule a viewing and secure this remarkable condo before it's gone. Act fast as opportunities like this are few and far between. Trust me, you won't regret it.  970-485-0293 or email:  nancy@buyinbreckenridge.com

For all the details and lots more photos click Here

 

Team Mexico wins the 33rd Annual International Snow Sculpture Championships

 #breckenridge #colorado #realestatesales

Team Mexico has secured the gold medal for the 33rd Annual International Snow Sculpture Championships in Breckenridge for their sculpture, “The Beggar,” which depicts a starving, emaciated man surrounded by bitcoins. 

Team Mexico chose the statement “Without a rich heart, wealth is a hungry beggar,” to describe their sculpture. The winning team includes Carlos Miguel Ramirez Pereyra (Team Captain), Israel Magaña Rodriguez, Adam Turner, and David Seth Rothstein. 

The silver medal went to Team Mongolia for their sculpture, “Mother Earth,” and the bronze medal went to Team Germany-Bavaria for their sculpture, “FLOAT.”

Teams Mexico and Germany-Bavaria tied for the Lothar Luboschik Artist’s Choice award, which is hand picked by artists. 

Breckenridge welcomed ten international teams this year, hailing from China, Denmark, Ecuador, India, South Korea, Lithuania, Mexico, Mongolia, and two teams from Germany. Team Breckenridge and Team Wisconsin represented the USA. 

For photos of more sculptures click Here