It is not hard to see why Colorado is a popular vacation destination throughout the whole year. The Centennial State is home to 32 ski resorts, four national parks (including the spectacular Rocky Mountain National Park), 42 state parks, and 15 national forests, making it a state that provides boundless opportunities for outdoor adventures and activities that stimulate the adrenaline rush. And let’s not forget about the 26 picturesque byways that can turn even the most mundane trip into a jaw-droppingly amazing sightseeing adventure.
A more leisurely pace have a lot to look forward
Even those who like to take things at a more leisurely pace have a lot to look forward to, as Colorado is home to hundreds of breweries, more than 150 wineries, and dozens of small distilleries. This state is sure to leave you feeling upbeat and energized. It should thus come as no surprise that the market for second houses in the state is seeing robust growth.
“There has been a lifestyle shift in the mentality of consumers. People want to spend more time living where they want to be rather than where they work,” Malia Cox Nobrega, a real estate broker at LIV Sotheby’s International Realty, told Dordle via email. “This is why we’ve seen a migration to the mountains and an influx of vacation home and second homeowners in the Vail Valley and Colorado in general.”
An investment in your very own piece of paradise in Colorado?
Are you considering making an investment in your very own piece of paradise in Colorado? Continue reading for a rundown of the top seven real estate markets in the Centennial State for purchasing a second home or vacation property. Vail and Beaver Creek are two of the most well-known ski resorts in the Vail Valley. Vail is well-known for its world-class ski slopes and amenities, as well as its luxury lodgings, shopping, and fine eating. Beaver Creek is well-known for its rich cultural scene. Throughout the summer months, golf courses, fly fishing options, and hiking trails draw a large number of tourists to the Vail Valley. And owing to Eagle County Airport, which is situated around 55 kilometers (approximately 35 miles) from the center of Vail, people from all parts of the United States may reach this little town in Colorado with relative ease.
“The Vail Valley has historically been a place where people want to vacation — it’s the complete package, a getaway to the mountains in a rural setting that also provides high-level amenities from the nearby resorts and towns,” Nobrega added. “The Vail Valley is the complete package, a getaway to the mountains in a rural setting that also provides high-level amenities.”
A home in the town of Vail
A report from LIV Sotheby’s International Realty found that during the first two quarters of 2022, the average sold price of a home in the town of Vail was over $3.5 million, with the most expensive property selling for a mind-boggling $31 million. This information was gleaned from the brokerage’s sales statistics.
This once-thriving mining community in Summit County is now a picturesque tourist spot that stays busy throughout the year with a variety of exciting events. In the winter, the skiing and snowboarding facilities at Breckenridge Resort attract visitors who are looking for a high level of excitement. The resort covers 3,000 acres. The town is also home to the highest chairlift in North America, which provides breathtaking panoramas of the surrounding mountains. And during the warm months, you may take pleasure in activities like as fishing, beautiful lift rides, motorcycling, and touring the renowned Rocky Mountain Tenmile Range.
If you are considering making Breckenridge
But, if you are considering making Breckenridge your second home, you should prepared to make a quick decision. Real estate transactions in June 2022 completed at a rate that 52 percent quicker than the previous year, and houses listed for sale for an average of 19 days. As a result of the declining quantity of available properties, the median selling price of a single-family house over the same time period increased by about 28 percent, reaching nearly $1.8 million.
The town of Telluride is just eight blocks wide and twelve blocks long, yet despite its size, there is a plethora of things to see and do in the surrounding San Juan Mountains. Skiing, snowboarding, ice climbing, dog sledding, fly fishing, and horseback riding are just few of the things that locals and tourists alike may enjoy during their time in Telluride. The town is also well-known for the wide range of cultural experiences it provides, which include excellent cuisine, live music, and recurring celebrations.
Gunnison County is the genuine thing for those individuals
As a result, the fact that the housing market is red hot probably does not come as much of a surprise to anybody. Throughout the period from June 2021 to June 2022, the average price at which a single-family house sold rose by 24 percent, reaching $2.7 million. This modest mining town in Gunnison County is the genuine thing for those individuals who like participating in winter sports. Skiers will be in heaven in Crested Butte, since the town receives an astounding 220 inches of snow year on average.
Since the village is home to around 1,600 people who remain there throughout the year, it is an excellent location in which to relax and take in the peaceful surroundings. Crested Butte has given the moniker of “Colorado wildflower capital” due to the fact that during the summer months, this region is home to more than fifty different kinds of flowers, each of which puts on a spectacular display of color. Additionally, the Gunnison/Crested Butte Airport is only about 30 miles away, so purchasing real estate in this charming town also means having plenty of rental potential.