Your Source for Summit County Real Estate
With some properties seeing multiple offers and selling above list price, others struggling to sell at lower prices, it appears that the Summit County real estate market is quite confused. Stats say that average sales price is climbing even though we are definitely seeing declines in parts of the market. Just looking at the Summit […]
The residential tax rate for 2023 in Colorado is 6.76%. The commercial tax rate for 2023 in Colorado is 27.9%. A draft Colorado bill to increase property tax rates on short term rentals will convert those properties that are short term rentals from the residential rate to the commercial rate. That’s a huge tax increase! […]
The last couple of years have been an ever evolving short term rental landscape. Every town implemented rules, the county implemented rules. Moratoriums were put in place then ended. The rules changed here but not there. It’s been ridiculously hard to keep up. And once again, after a nine month moratorium, Summit County short term […]
Is your short term rental (STR) income slowing with the economy? Are you no longer using your Summit County home but aren’t ready to sell. Do you want to help the locals with the current housing shortage? If you are answering yes to any or all of these questions, you may want to consider converting […]
The Frisco town council has decided to limit the number of properties that can be short term rentals within the town limits of Frisco, CO. Review and potential approval of the new short term rental cap in Frisco will happen at the end of September and likely implement immediately afterwards. Short term rental cap At […]
Many local jurisdictions are placing restrictions on short term rentals (STR) in Colorado mountain communities. There are a variety of new rules. It seems each community is doing something a little different. However, the reason for the new short term rental restrictions seems to be the same. The communities are seeing a shortage of housing […]
Once again the local government has decided to halt Short Term Rental (STR) licenses. In a meeting of the County Commissioners on Tuesday, May 24th, a moratorium was put into place in unincorporated Summit County. With a few exceptions, no new Short Term Rental licenses will be issued for 9 months. Fall 2021 moratorium Last […]
After a public meeting in November the Breckenridge Town Council voted to move forward and raise short term rental fees. The proposed ordinance suggested a fee of $756 per bedroom. During the meeting a lower rate was decided on for the first year and a few exemptions were discussed. If you short term rent your […]
After the town council meeting September 28th, the town of Breckenridge is moving forward capping short term rentals within town limits. Some exceptions do apply but those exceptions must meet rigid standards. These standards are only currently being met by 13 complexes within the town of Breckenridge. Short term rentals in those 13 complexes make […]
At the Dillon Town Council meeting on September 21st, the council voted not to enact the proposed short term rental license moratorium. They could go through this process again and put one into place at a later date, but for now, they have decided to let things ride while they do more research. There will […]
101 Main St, #109, PO Box 4115 Frisco, CO 80443
