Aspen Real Estate Blog

The below statistics from Land Title demonstrate a steady recovery to our resort market. September 2011 increased 38% for dollar volume and up 38% for transactions over September 2010. Year to date our market is up 19% over 2010 sales figures for dollar volume and 17% for transaction activity.  Please review the summary recap below:  Read More >>

For the month of November 2011, there were 4 significant sales in Aspen that included 501 West Buttermilk Road that sold for $6 million, 9 Pyramid Road for $8.67 million, 151 Nighthawk Drive on Red Mountain for $15 million, and 24 Little Cloud for $16.05 million. All sales were 5 plus bedrooms and over 7,500 square feet.  This year for 2011 there have been a total of 22 luxury home sales over $8 million.

Overall there were 19 residential sales that closed at 86% of list price at $981.00 per square foot for the month of November.  There are currently 43 additional properties at an average price of $2.4 million that are under contract.  Aspen / Snowmass real estate continues to perform remarkably amidst economic uncertainty and global unrest.   Read More >>

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The below statistics from Land Title demonstrate a steady recovery to our resort market.  April 2011 was down 29% for dollar volume and up 3% for transactions over April 2010. Year to date our market is still up 8.5% over 2010 sales figures for dollar volume and 7.6% for transaction activity.  Please review the summary recap below. Read More >>

Notable sales for May 2011 include 6 sales over the $5 million mark with 4 of the sales being over $11.25 million. We also had significant sales of condominiums and townhomes in Aspen including the stand alone ski in/ ski out masterpiece known as Mountain Queen #2 that sold for $3.285 million.  Mountain Queen #2 commanded a premium of $1923.00 per square foot due to its ski in / ski out location on Aspen Mountain, and it’s state of the art finish levels including 14 foot wire-brushed larch wood walls, vaulted ceilings, white washed Aspen log accents, and Japanese soaking tub with onyx countertops.   Read More >>

The below statistics from Land Title give a good comparison to an overall great start to 2011.  February 2011 was up 135% for dollar volume and 8% for transactions over February 2010.  This Read More >>

There were 6 significant sales over $4.5 million and 7 sales closed between $3-4 million for the month of March 2011.  The most significant sale was at 1540 Tiehack Road in the Maroon Creek Club neighborhood. The property sits on 3.9 acres at the end of Pyramid Point Estates with direct views of Pyramid Peak and end of the neighborhood privacy.  The finished property by Richard Wax will boast 11,000 square feet with 5 bedrooms and 6 baths.  This will be a one of a kind property with an irreplaceable setting. There are also a number of luxury properties that are under contract as the winter season wraps up.  It is a great time to negotiate on this segment of the market.

Read this great article from the Wall Street Journal on Aspen becoming the most expensive real estate in America. Read More >>

The Aspen / Snowmass real estate market continues to cater to savvy buyers looking for value, location, and amenities.  For the month of February 2011, there were 23 sales with any average sold price of $4.56 million.  The below statistics from Land Title give a good comparison to an overall great start to 2011.  January 2011 was up 52% for dollar volume and 59% for transactions over January 2010.  This is a positive indicator of the continued real estate market recovery in Aspen and Snowmass. Read More >>