Could Insurance Companies Leave Colorado? | Summit County Market Update + Keystone Ski Condos

Hey everyone—quick question… what happens if insurance companies start leaving Colorado the same way they did in California?

It sounds dramatic—but it’s a real conversation happening right now, and if it plays out the wrong way, it could impact every homeowner, buyer, and investor here in Summit County. In this week’s episode, I’m breaking that down, along with a meaningful local tribute, a key market signal that just showed up again, and two ski condos in Keystone that are perfect for both lifestyle and rental income.

Let’s get into it.

Honoring a Breckenridge Legend

Before we dive into the market, I want to take a moment to recognize someone who helped shape everything we talk about on this show.

This week, Summit County lost Trygve Berge, one of the founders of Breckenridge Ski Resort, at the age of 93. 

Back in the early 1960s, Breckenridge wasn’t the world-class destination it is today—it was a quiet mining town. People like Trygve had the vision to turn it into something special.

Every lift, every run, and every property we talk about exists because of that early vision. It’s easy to forget, but moments like this remind us just how much history is behind the lifestyle we enjoy today.

More Here > 

Colorado Insurance Policy Debate: What’s Really Going On

Now, let’s talk about something that could seriously impact the future of real estate in Colorado.

Lawmakers are once again trying to address rising homeowner insurance costs—a problem everyone agrees needs attention. 

The proposed solution? A fee tied to insurance policies, designed to fund improvements like hail-resistant roofs.

Here’s the issue…

How do you lower costs by adding a fee?

The latest version of the proposal shifts the fee onto insurance companies instead of homeowners, with the claim that those costs won’t be passed down. But realistically, insurance companies are businesses—they have to maintain margins.

So what happens next?

There are really two likely outcomes:

• Companies adjust pricing elsewhere
• Or they decide it’s not worth operating in the state

We’ve already seen this play out in California, where insurers pulled back or stopped writing new policies altogether.

The worst-case scenario?

Fewer options, less competition, and higher costs—the exact opposite of what the policy is trying to achieve.

More Here > 

Market Insights: A Signal We Haven’t Seen in Years

This is one of the more interesting trends I’ve seen in a while.

There’s a pattern in our market that only shows up at very specific moments—and it just happened again. 

We’re looking at two key metrics:

• Days on market (how fast homes sell)
• Sale price vs. asking price (how much negotiation is happening)

Historically, when these two lines cross, it signals a shift.

We saw it in:

• 2008 → Long days on market, deep discounts (tough for sellers)
• 2015 → Market recovery phase
• 2021 → Extremely fast sales, over-asking offers (tough for buyers)

And now… it’s happening again.

Current numbers:

• ~63 days on market
• ~3% under asking price
  
  

So what does that mean?

Not panic—but change.

Unlike 2008, today’s conditions aren’t driven by a housing crisis. What we’re likely seeing is a move toward a more balanced market.

That means:

• More negotiation
• More strategy
• More importance on timing

The days of throwing a number on a property and hoping it sticks are fading. We’re entering a market where skill actually matters again.

Featured Properties: Keystone Ski Condos with Rental Potential

This week, we’ve got two strong ski properties in Keystone—both great options depending on your goals.

1-Bedroom at The Springs

• Walk-to-slopes access
• Updated interior
• Resort-style amenities (pool, hot tubs, fitness center)

This is your high-efficiency rental play—exactly what short-term renters are looking for.

2-Bedroom at Expedition Station

• Larger layout
• Same prime location
• Strong rental performance

This one gives you more flexibility—great for personal use while still generating income.

Which One Should You Choose?

It comes down to your priorities:

• Maximize rental income? → 1-bedroom
• Want more space and flexibility? → 2-bedroom

Either way, you’re getting:

• Walkable access to the slopes
• Desirable amenities
• Strong short-term rental appeal

That combination is hard to beat in Summit County.

Closing Thoughts

Between policy changes, shifting market signals, and continued demand for well-located properties, there’s a lot happening right now in Summit County real estate.

If you’re thinking about buying, selling, or just trying to make sense of where things are headed, having the right strategy matters more than ever.

Thanks for taking the time to stay informed—and as always…

See you in the mountains soon.