Colorado Real Estate News

Exploring Ideal Second Home Locations in Colorado

In the evolving landscape of second home investments, we’ve observed shifts in demand and trends, especially in Colorado’s coveted mountain regions. While the surge in second home purchases during the peak of the pandemic has tapered off, we’re now witnessing a unique opportunity emerging in the market. As we progress through 2024, this is creating a favorable environment for those considering expanding their property portfolio.

In light of these dynamics, we, at Kentwood Real Estate, are here to provide our expertise and assistance as you navigate a potential second home purchase. If you’re eyeing a new property in other areas around the state, finding a great broker in the Kentwood network is one referral away, and many Kentwood brokers have specialized experience in the Colorado communities mentioned below.

Whether you’re seeking a mountain escape or an urban setting, we recommend the following locations for your second home purchase: 

Summit County

If you’ve had the privilege to visit Summit County, you know the area stands out for its mountain views and well-known ski resorts in Breckenridge, Keystone, and Frisco. Summit County is a year-round playground, with skiing and snowboarding in the winter and hiking, biking, and golfing in the summer. Investing in a second home here not only provides a haven for outdoor enthusiasts but also potential passive income through vacation rentals, which have skyrocketed in the area. 

Grand County

For those seeking a quieter retreat, Grand County is an excellent choice as the region is known more for its laid-back and casual atmosphere. With towns like Winter Park, Grand Lake, and Fraser, this area offers views surrounded by pristine lakes and dense forests and provides year-round activities such as boating, hiking, and biking near Rocky Mountain National Park. On top of this, Winter Park Resort is a family-friendly alpine resort with various activities for skiers of every level. 

Steamboat Springs

Famous for its champagne powder and world-class skiing, Steamboat Springs is an adventurous destination with the longest, fastest gondola in North America. We know the town offers a mix of outdoor pursuits, including skiing, snowmobiling, and hot-air ballooning, and the real estate value in Steamboat Springs hasn’t reached Vail or Aspen numbers yet, meaning it’s still an ideal investment location for a second home. Kentwood Real Estate can guide you through the process of securing your second home in this Northwest Colorado haven.

Aspen

Aspen, renowned for its high-end real estate and glamorous reputation, remains a top choice for those seeking a luxurious second home. Around the town, prices are always higher than in other locations, and the upper end of the market is still very much driving volume and driving activity. Overall, people still want to be there and there’s strong demand and the inventory is constrained.

Bottom Line

No matter the location, Colorado offers a diverse range of second-home opportunities, and the Kentwood Real Estate team is well-equipped to guide you through the process. With Kentwood Real Estate’s global network, finding a great broker anywhere in the world is just a referral away. Through our Relocation Division and memberships in prestigious organizations such as Who’s Who in Luxury Real Estate, Leading Real Estate Companies of the World and Luxury Portfolio International, we ensure a seamless experience for our clients.

Many Kentwood brokers have significant expertise in Colorado’s mountain towns and those who don’t will work closely with you to match you with a knowledgeable and attentive broker who understands the area you’d like to explore.

Visit us online at www.Kentwood.com to explore more or reach out to your dedicated Kentwood broker for personalized assistance.

*Updated as of February 15, 2024