Have you been thinking about buying property in a ski resort town?
If so, there are tons of reasons why you should consider making an investment in Keystone real estate.
Recent data shows that home appreciation values in Keystone are rising, while the typical mortgage rate is lower than the national average. Unemployment is just 2.8%, while the nation's is over 5%. And, job growth is up 3.48%. If you are looking for the perfect place to buy real estate, Keystone might be your best bet.
Read on to find out what you need to know about the Keystone real estate market, and why locals here feel they've struck gold!
Why an Investment in Keystone Real Estate Makes Sense
Before investing in real estate, make sure you know why, or if, you should make the investment.
If you're looking at purchasing ski resort property, we've put together a list of why you should take a closer look at Keystone.
1. Hot Real Estate Market
In recent years, luxury home sales in Summit County's prime property zones, including Keystone, Breckenridge, and Copper, have increased by a margin of 41% year over year.
A smart investor can look at these numbers and see the opportunity to buy a hot property before they climb even further. Not only that, according to these statistics, a buyer could turn around and sell again for a gain with little to no effort.
2. Summit County Real Estate is Reminiscent of a Pre-Recession Boom
In many areas across the US, the aftershocks of the recession are still being felt. However, in Summit County, the market is surprisingly prosperous as numbers here show growth comparable to the boom in 2007 and '08 before the recession hit.
Key evidence seems to suggest that the market is growing more desirable, but less accessible.
For buyers wanting to get in on a deal, the time to buy is now, while there are still good properties available. Experts suggest that as more and more properties are sold, values will begin to increase exponentially.
3. Keystone is the #1 Family Friendly Ski Resort Destination
As most real estate investors know, a key aspect of what makes a great real estate property investment is its family appeal. And, most ski resorts work hard to make their locale kid and family-friendly in hopes of maximizing their share of this lucrative market.
But no one pulls it off quite like kid-centric Keystone, who was named #1 on USA Today's top ten list of ski resorts for families in 2017.
Keystone's unique formula for family fun includes kid-focused amenities, gear, dining options, parking, and entertainment. And, they go above and beyond any other with family designed perks, like their free gear wagons available throughout the village to help transport ski equipment, dinner sleigh rides, frequent parades and fireworks displays. Tubing, cookie-decorating, ice skating, and snow forts are all there for making family-friendly memories.
This kid-favorite ski resort ensures that the area maintains a feel-good-for-families vibe. And, Keystone real estate presents a non-stop vacation rental opportunity property owners love.
4. A Location Loved By All Ages
Keystone is not just a place that's loved by families. The wide range of attractions, outdoor adventures, a lively live music and art scene, non-stop festivals, rich history, and breathtaking views have won hearts of all ages. Mountain biking in the summer to A-51 board parks on the world-class ski and snowboard terrain are all huge draws to US and international visitors.
Young and old alike will find the list of things to do never runs out. And, no matter what your age, you'll feel warmly welcomed at Keystone.
5. Tax Benefits
One of the best perks for property investors are the tax benefits.
Keystone real estate investors not only get the joy of owning real estate in one of the most-loved resort towns in the United States, they can also reap tax savings and vacation rental home write-offs.
Investors can take advantage of owning a second home in this perfect vacation spot by collecting tax incentives while having a top-notch getaway at their fingertips whenever they choose.
6. A Ski Resort Destination that Offers Year-Round Fun
When many people think of a ski-resort town, they associate it with only winter season fun. But, Keystone's fun factor doesn't dip when the snow melts.
Visitors and residents find that the resort town can be just as fun in the warm weather months.
In the summer you can enjoy renowned world-class fly fishing, downhill mountain biking, lake activities, horseback riding, and more. There's even year-round snow tubing.
The trademark Kidtopia park offers all-weather entertainment for the little ones while grown-ups enjoy taking in music, food, and views weekly with the Friday Afternoon Club.
After a full day of activities, take in a concert, cook out on the grill, or take in the magnificent mountain sunset from your very own backyard.
7. Live Longer in Keystone
That's right. If the first six reasons aren't enough to pique your interest, Summit County has the highest life expectancy in the nation according to a study by the Journal of American Medicine Association.
Some have suggested that areas with a higher altitude might be harder on the human body, but these statistics seem to counter that claim. Not only is the life expectancy higher, but cancer rates in Summit County are the lowest that our country has seen in 30 years.
Expert physicians credit the area's lifespan longevity to the residents' active lifestyles and access to quality healthcare, among other things.
Find Out More About Keystone
Want to learn more about Keystone real estate?
Find out why Keystone makes a great place to buy a home, whether for yourself or as a rental investment vacation property. There are many things to love about Keystone, which is why the beloved ski-resort town attracts visitors of all ages from all over, year after year.
Contact us today to take a look at available properties, speak with a real estate professional, or ask questions about owning a home in Keystone!
By Coldwell Banker