Aspen Real Estate Blog

Despite the setbacks with financing and construction, the Base Village project continues to work on solutions to improve the appearance of the abandoned buildings around the arrival center.  With the Viceroy Hotel being completed and open for business in November 2009, it is the remaining landscape that concerns the locals of Snowmass Village.  In an Aspen Daily news article of July 21, 2010, details were outlined where a court appointed receiver is working with the Town of Snowmass to create solutions for the aesthetic appearance of the remaining buildings and access from the Viceroy Hotel to the Base Village Center.  The Viceroy Hotel provides a fresh venue for events and meetings as well as gives a glimpse into what the Snowmass experience will be all about.  Snowmass Village provides one of the best all around family experiences in all of Colorado. Whether your family enjoys skiing, mountain biking, hiking, or just leisure days at the concerts, Snowmass provides the ultimate mountain experience!

As the three day event came to a close, many Aspen locals commented on how the event felt like years past.  From the Grand Tasting to the many different cuisines that were featured, the event attracted crowds from all over the world.  The tremendous influx of visitors Read More >>

Again the Snowmass luxury market has something to take note of.  The luxury estate at 385 Pine Crest Drive closed for the sales price of $9 million at a $1689.00 per square foot basis.  The property was offered for sale at the original asking price of $11.5 million Read More >>

The news that everyone is talking about relates to the sale of Aspen Lakes Ranch for the highest YTD sales price of $24.5 million.  The property features included an iconic 13,000 square foot main residence with a beautiful quest home surrounded by lakes and waterfalls. The property is without question in the legacy property category with 8.4 acres surrounded by the stunning views of all four Aspen / Snowmass Mountains.  Read More >>

Not everyone is waiting for the supposed second dip in the economy. For the month of May 2010 real estate sales continue to demonstrate that many savvy buyers are taking advantage of the market conditions. Our market again saw 5 sales over the 5 million mark including two sales on Mclain Flats for $6 million and Annie Denver’s property for $7 million. Other noticeable sales were 1207 E. Hopkins for $5.2 million, 405 S. Monarch ( Penthouse 2 ) for $6 million, and the tremendous deal of the spring at 437 West Bleeker that sold for $5.4 million down from the original ask price of $9.475 million which calculates to be 56% of the original asking price. As the Summer months approach, we anticipate new listings in all segments of the market. Contact me to locate your ideal Aspen / Snowmass property while the opportunities exist.

The 8.6 acre Sinclair Meadows 17 lot development was bought by Alpine Bank in foreclosure sale in April and later resold in May to Sinclair Meadows Holding Company LLC according to an Aspen Times article published on May 21, 2010. Alpine Bank representatives chalked up the sale as a victory.  The 17 home site development has approvals in place for 2400 to 4500 square foot homes.  It will be interesting to see how the developments unfold for the future of the development and the Snowmass market.    

I had the opportunity to preview some luxury homes in the Aspen Glen and River Valley Ranch subdivisions over the May Spring Tour of Homes. It has become obvious that abundant opportunities continue to exist in these golf course communities. Both of these neighborhoods have all the amenities that one would come to expect and then some. Whether it is golf, tennis, fishing, or club amenities like workout fitness programs and swimming pools, these neighborhoods have it all. With tremendous real estate inventory to choose from, this summer could be the ideal time to investigate the possibilities. Both of these locations boast the mountain lifestyle with tremendous Mount Sopris views and river access with the Roaring Fork and Crystal rivers running through their neighborhoods. These are truly special places to consider for your family and friends.

eMoo.com Read More >>

As the ski season came to an end and Winter gave way to Spring, the mid-valley real estate market has seen strong sales and under contract activity.  Most noticeable are the 74 plus residential sales that have closed from January 2010 to May 1, 2010.  42 of the 74 sales were $400,000 and above with an average sales price of $613,000 and a $526.00 sold price per square foot. Also notable are the 45 residential properties that are currently under contract with 30 of the 45 priced above the $400,000 mark.  The increased activity in the first four months of 2010 is a strong indicator for the continued real estate market recovery. Prices have finally adjusted to the point of attracting buyers to enter the market place since the real estate market decline of 2008.  All indicators are looking positive!   

Two significant sales occurred in the Snowmass Village real estate market in April 2010.  The most significant was the sale of 91 Timber Ridge Lane for a list and sold price of $9.1 million at a staggering $1654.00 price per square foot.  Also noteworthy was the sale of the 408 Spruce Ridge estate for $6 million at $1050.00 per square foot.  There were also an additional 6 residential sales in the Snowmass Village market that consisted of condos and single family properties.  The average sales price for the remaining six properties was at $1.38 million and averaged out at $681.00 price per foot.  These sales represent an ever increasing appeal for buyers to contract and close on great buys in the Snowmass real estate market.