Category Archives: Mountain Homes
Will Legal Pot Make Colorado Ski Homes a Smoking Commodity? Realtors Doubt Toking Will Lead to a New Joint
We’ve seen photos and stories from Colorado ski towns such as Aspen and Breckenridge showing vacationers filing lines out the door at marijuana shops, so of course, we had to wonder what kind of impact legal pot could have on Colorado real estate. Are more buyers putting it in their pipes and smoking it?
Turns out the Colorado Association of Realtors was wondering the exact same thing. After all, with 136 pot retailers in the state as of Dec. 2013, buyers were throwing green after green, eventually causing a state-wide shortage of smokables. But is recreational marijuana a boon for Colorado real estate, or a burden? Continue reading
While some of us despise the chilly winter winds that have been a-blowing and prefer to bundle up indoors until bikini season arrives, skiers and snowboarders alike know that the storms that blew through Colorado, Montana, and Wyoming this week (and will continue on through the northeast next week) offer the perfect, powdery platform for a fantastic weekend out on the slopes.
A week or so ago, our contributor Dallas Addison, an attorney and vacation home property developer/consultant, gave us the Aspen report and said that vacation home communities are getting greener, more sustainable, because they have to to stay in business.
It’s that time of year, temperatures are falling in Dallas, snow is falling in the mountains of Colorado. Halloween is behind us and our thoughts turn to a ski getaway. Whether you prefer two boards, one (or for that matter, hot chocolate and hot toddies in the lodge), Aspen is one of those special spots that simply delivers the goods for North Texans. Known as a bellwether in the second home industry, it’s a well-known playground for the rich and famous. Aspen even has it’s own private jet company, Sentient Jet, now the official Private Jet Provider of Aspen/Snowmass, with cardholder benefits. If holiday bustle is your gig, book during Christmas and New Year’s, hope for great early season snow and enjoy the spectacle. At other times, the crowds are more manageable and the skiing and boarding are almost always outstanding.
I was in Denver last year when the Waldo Canyon fires were burning, and at least 650 homes — maybe more — burned. That’s why I was closely watching, this week, the Beaver Creek, Idaho fires that were threatening Sun Valley. The Ketchum ski community has been trying to make a real estate come-back, fire is just what it did not need – this from Curbed Ski:
I had no idea that Asheville, N.C., was a popular vacation spot until I spent a little over a week in the area last summer. I fell in love with the place and all of its quirks pretty much instantly. Located in the Smoky Mountains, this thriving mountain metropolis has some great attractions — galleries, restaurants, shopping, and the famous vision of George Vanderbilt, the Biltmore house. There’s also tons of outdoors activities, such as hiking, fishing, kayaking, and pretty much anything else you can do on a mountain or in a river.
Tourism is up in Hawaii, which is a very good sign for Hawaiian real estate. The number one reason buyers purchase a vacation home in any location is because they love it. It goes like this: visit the location, love it, feel like you never want to leave. This is the point where buyers start perusing the real estate and actually, finally, pulling out the checkbook.
Read this story on CandysDirt about how the rich seem to be accelerating the size and scope of their new homes. Then know this: whatever is happening to the primary home market is being mimic’ed in second and third homes. Prices may be soft, but the rich are getting out their checkbooks for beach homes and mountain ski palaces. Told you about Jon Huntsman’s dad, right?
Jigsaw Ranch: Family Compound on 80 Acres a Mere $48,500,000 — Second Home Nirvana Found Near Aspen, Colorado
I know we just broke the 70 day plus cycle of 100 degree plus days in Dallas but really, it’s time to start thinking about ski season. Jack frost is just around the corner and so much more bearable when you have your own private ski house. Or, in this case, $48,500,000 Aspen estate.
If you want to look at a market that makes residential real estate even in say, Detroit look good, look at second homes. Last year, the median price of a vacation home in the U.S. fell 11%. Compare that to what the National Association of Realtors tells us the ordinary primary residence did — fell 5 percent … Continue reading