Colorado
Why are Colorado home prices so high? Look down.
Colorado homes are so expensive, in part, because the land they sit on has become increasingly valuable, enough to rank the state seventh in the country for its residential land costs.
The lots that Colorado’s homes sit on averaged $942,200 per acre in 2022, compared to $343,800 in 2012, according to an analysis from Cinch Home Services, a provider of home warranty and repair services based in Boca Raton, Fla. The value of residential land in Colorado rose 174% in those 10 years, one of the fastest gains of any state.
“America’s most expensive land markets are being shaped by intense competition, limited supply, and concentrated pockets of investment. What stands out in this data is just how dramatically prices can climb within a single state,” Cinch said in its study.
That was the case in Colorado, where Boulder was the most expensive residential market studied, with an average land value of $1.69 million per acre. Edwards was next at $1.6 million, followed by Denver at $1.2 million.
The study used property values from the Federal Housing Finance Agency for Core-Based Statistical Areas, which have a population of 10,000 or more. That cut-off excludes the state’s priciest enclaves like Aspen, Vail and Telluride. The study assumed four residential lots per acre, although developers in Denver are packing them in tighter than that.
At the other extreme were Montrose at $150,100 per acre and Pueblo at $115,200 per acre.
Although the 2022 estimates are somewhat dated, most housing markets in Colorado have seen prices stay stable since that year.
Hawaii had the most expensive residential land of any state at an estimated value per acre of $3.49 million, with Honolulu being the most expensive urban area in the state. California was next at $3.3 million, with Manhattan Beach carrying the highest value. New York was third at $2.98 million per acre, with Brooklyn having the highest residential values.
New Jersey, Massachusetts and Washington were the other states ahead of Colorado in terms of how much residential land cost.
The cheapest residential land was located in Mississippi, a relative steal at $67,300 per acre. West Virginia was also near the bottom at $76,700 per acre.
Colorado ranked seventh among states for the size of its increase of 174%, which tied with Washington. Idaho experienced a tripling of its residential land value in the 10 years studied, while Nevada was close with a 293% increase. Arizona had a gain of 220%, while Florida was up 211% and Utah was up 202%.
Consumer prices in metro Denver rose 27.4% over the same period, indicating that residential land inflation, as captured in the Cinch study, was 6.3 times the rate of overall inflation.
Land has also become a larger share of total property values in Colorado, the study found, rising from around 35% in 2012 to closer to 40% in 2022.
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Colorado
Warm storm delivers modest totals to Colorado’s northern mountains
Lucas Herbert/Arapahoe Basin Ski Area
Friday morning wrapped up a warm storm across Colorado’s northern and central mountains, bringing totals of up to 10 inches of snowfall for several resorts.
Higher elevation areas of the northern mountains — particularly those in and near Summit County and closer to the Continental Divide — received the most amount of snow, with Copper, Winter Park and Breckenridge mountains seeing among the highest totals.
Meanwhile, lower base areas and valleys received rain and cloudy skies, thanks to a warmer storm with a snow line of roughly 9,000 feet.
Earlier this week, OpenSnow meteorologists predicted the storm’s snow totals would be around 5-10 inches, closely matching actual totals for the northern mountains. The central mountains all saw less than 5 inches of snow.
Here’s how much snow fell between Wednesday through Friday morning for some Western Slope mountains, according to a Friday report from OpenSnow:
Aspen Mountain: 0.5 inches
Snowmass: 0.5 inches
Copper Mountain: 10 inches
Winter Park: 9 inches
Breckenridge Ski Resort: 9 inches
Arapahoe Basin Ski Area: 8.5 inches
Keystone Resort: 8 inches
Loveland Ski Area: 7 inches
Vail Mountain: 7 inches
Steamboat Resort: 6 inches
Beaver Creek: 6 inches
Irwin: 4.5 inches
Cooper Mountain: 4 inches
Sunlight: 0.5 inches
Friday and Saturday will be dry, while Sunday will bring northern showers. The next storms are forecast to be around March 3-4 and March 6-7, both favoring the northern mountains.
Colorado
Avalanche discipline, power play falters, Central Division lead shrinks in 5-2 loss to Wild
The Colorado Avalanche had a chance Thursday night to regain some real separation between them and the Minnesota Wild.
It didn’t happen, and special teams were again an issue.
Minnesota’s Joel Eriksson Ek scored a pair of power-play goals, while the Avalanche took too many penalties and did not convert its chances with the extra man in a 5-2 loss at Ball Arena. The Wild scored on two of six power plays, both in the second period, then added a shorthanded goal into an empty net for good measure.
“We took six (penalties). Six is too many, especially against a power play like theirs,” Avs coach Jared Bednar said. “We had a slow start to the second and then just kind of started getting going, then took a bunch of penalties and kind of took the momentum away and swung it back in their favor again.”
Mackenzie Blackwood was excellent early in this contest and stopped 31 of 34 shots for the Avs in his first start since the Olympic break. Colorado, which went 0-for-3 on the power play, has not scored an extra-man goal in back-to-back games since Dec. 31 and Jan. 3. The Avs are 2-for-31 with the man advantage since Jan. 16, and at 15.1% are last in the NHL.
The Wild are now just five points behind the Avs in the Central Division, though Colorado has two games in hand. Filip Gustavsson made 44 saves for the visitors.
“I think we crated enough chances to win the hockey game,” Bednar said. “We give up the (second power-play goal) and that’s the difference in the hockey game for me. We had a chance (on the power play) … we score and it’s a tie game. We haven’t had an easy time capitalizing on some of our chances that we created in the last month.
“I’d like to see that turn around a little bit.”
Minnesota took advantage of three penalties on Colorado in a span of 53 seconds to take the lead with 2:23 left in the second period. Captain Gabe Landeskog was sent to the box for elbowing Eriksson Ek away from the play at 14:15 and Valeri Nichushkin was called for cross-checking at 15:04.
That gave the Wild a 5-on-3, but it went from bad to worse in a hurry for the home side. Brock Nelson won the 3-on-5 in his own end, but Brent Burns’ backhanded attempt to clear the puck out of the zone went into the stands for a delay of game.
Minnesota had a 5-on-3 for 1:56, which Colorado successfully killed off, but because Burns’ two minutes didn’t start until Landeskog’s penalty ended, there was more 5-on-4 time and Eriksson Ek scored his second of the night. The Swedish Olympian was trying to send a cross-crease pass to Kirill Kaprizov, but it hit the inside of Blackwood’s right leg and pinballed across the goal line.
Because of the extended penalty time, both Eriksson Ek and Boldy officially logged a shift of more than four minutes, leading to that goal.
“I’m not a big fan of the penalties we took, necessarily,” Landeskog said. “Obviously, mine is a penalty. Val, I felt like he was protecting himself and Burns, that’s a penalty. There’s nothing to argue about there. But yeah, that tilts the ice for sure and just gives them unnecessary momentum.
“So yeah, undisciplined and we’ve got to be better there for sure.”
Eriksson Ek put Minnesota in front at 7:48 of the second period. Cale Makar was called for slashing when his one-handed swipe while Yakov Trenin was attempting to shoot from the left wing. Trenin’s stick broke, so Makar went to the box.
Blackwood made the initial save on Matt Boldy’s shot from the high slot, but Eriksson Ek was there near the left post to clean up the rebound.
Martin Necas continued his hot run with a goal to even the score at 13:30 of the middle frame. Nathan MacKinnon picked up the puck in his own zone and carried it into the offensive end. He left a drop pass for Necas near the right point and then played fullback, driving Wild defenseman Daemon Hunt back to give Necas space and then providing a screen on a lethal wrist shot from his Czech linemate.
That was Necas’ 24th goal of the season. He added a second goal in the final minute after the Wild had built a three-goal advantage to give him 25 on the season.
It’s also three in two games since the Olympic break. Necas had three goals and eight points in five games for Czechia at the Olympics in Milan, equaling his country’s record for points at the event.
MacKinnon missed Colorado’s first game back on Wednesday because of maintenance. He actually slipped to third in the NHL scoring race as of Thursday morning, in part because Tampa Bay’s Nikita Kucherov has now has 53 points in his past 23 games to track down MacKinnon and Edmonton’s Connor McDavid to make it a three-man race for the Art Ross Trophy.
McDavid (five times) and Kucherov (three) have combined to win the Art Ross in eight of the past nine years. MacKinnon has never won it, but has finished second each of the past two seasons.
Minnesota scored a second goal off a Colorado player to make it a 3-1 game and then added two empty-net tallies around Necas’ second goal to seal the Wild’s sixth win in a row.
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Colorado
Firefighters stop spread of wildfire in Colorado’s Golden Gate Canyon
Late Thursday morning, a house fire spreading into the nearby woods in Colorado’s Golden Gate Canyon prompted officials to issue a pre-evacuation order to nearby residents. Firefighters have since brought the blaze under control.
According to the Jefferson County Sheriff’s Office, a house fire broke out around 11:30 a.m. in the 10600 block of Ralston Creek Road in Golden Gate Canyon, located around 25 miles west of Denver. The fire then began to spread into the nearby trees and grass.
Multiple fire units quickly responded to the scene, and the JCSO issued a pre-evacuation notice to all residents within a three-mile radius, warning them to be prepared to leave at a moment’s notice.
At 12:34 p.m., the sheriff’s office announced that the fire is no longer spreading and the burn area has been contained to less than an acre. A photo shared by JCSO shows a structure nearly completely destroyed by the fire.
Pre-evacuation orders were lifted around 1 p.m.
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