As the Colorado real estate market has heated up during the pandemic, we are seeing increased demand and lack of supply in the mountain communities as well.. Multiple offers and fierce competition are commonplace in front range mountain communities, and also in the ski resort communities
As more and more people move to Colorado (101,000 people in the past year according to the most recent data), there are fewer affordable options for families in the metro area. People are are more mobile than ever, and now with the work from home option, people are moving out of the cities to more rural mountain communities as a result. Mountain communities historically lagged behind the metro area, but now are just as competitive. It is really important to do your homework, and connect with an agent who knows these communities well. With the competition, positioning yourself with an educated and competitive offer is key to getting a leg up on your competition. It will often come down to the little things in your offer in addition to price point.
We are also seeing increased demand for second homes in Golden, Blackhawk, and Conifer as more people are looking for mountain escapes without having to use the I 70 Mountain corridor. On a typical Sunday afternoon, traffic jams are common on I 70 from Silverthorne to Idaho Springs, leaving many skiers and travelers frustrated at the ever volume of vehicles. Many of the front range communities offer secondary road options which keeps commutes predictable and mountain escapes manageable.
In Coal Creek Canyon just north and West of Golden, 78 homes sold in the past 6 months. Currently in the third week February of 2021, there are only 2 active listings in Coal Creek. With improving shopping options being build at the bottom of 72 and highway 93, this community continues to grow in popularity. Blackhawk and Golden are all seeing increasing demand in their mountain communities as well. 46 homes sold in the Dory Lakes, Dory Hill and Missouri Lakes subdivisions the past 6 months. Currently there are 4 active listings. With the national forest steps away, these communities are becoming a great alternative with a smooth and beautiful commute down Golden Gate Canyon Road to Golden.
For more information feel free to contact Jeff Fox at The Fox Group or search properties below
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