Short Term Rental issues are affecting buyers and sellers in Breckenridge. This letter is the latest from our board of realtors in Summit County. Many people have questions and I have promised updates as they come in, so here is the latest. As realtors in Summit County, we are active in trying to change this new imposition as it applies to investment-minded buyers and the sellers that are having their properties remain on the market a bit longer than the last couple of years. If you were considering making a purchase in Breckenridge this could play in your favor, in the initial purchase price, if you are willing to wait for the short term rental issues to be resolved and become less fluid than they are now. I think it looks promising that the west side of Main Street (referenced in this letter as the Resort Overlay Zone), as they are some of the best real estate investments for ski in ski out rentals, may be exempt from the permit waiting list. Fingers crossed. More to come.
You may download and read the letter from the Board of County Commissioners here: