There are so many ways to value your real estate. Every engineer that I’ve ever worked with wants to use the cost per square foot. Logically, how else could you do it? Estes Park, Colorado is different.
The reason people come to Colorado, and particularly Estes Park are the mountains. The good news about those gorgeous mountains is that they are owned by the public. Land is one of Estes Park’s most valuable resources. We only have five square miles to sell, the rest is owned by the National Forest or the National Park. The five things that we do have to sell in Estes Park is rocks, trees, water, view and lifestyle. The better the view, the more the property costs. If it is on a river, stream or has a pond – the value goes up. The more trees you have or rock outcroppings that are on the property – the better the value.
We have a lot of customers that come into the office that want five or ten acres with a pond for two hundred thousand dollars. I simply tell them we have that, but it’s really close to Nebraska -
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