Aspen Real Estate Blog

The trend for sales in April 2012 continued with 29 residential sales with an average sales price of $2.4 million dollars at $727.00 per sq. ft. Two Notable sales were in the Castle Creek area just south west of Aspen. The first property was a 5,708 square feet home at 243 Conundrum that sold for $5 million even. The second property that sold was a 4,107 square feet home on the river at 927 Castle Creek Road that sold at $4.6 million down from its $7.1 million original asking price. These properties represented surreal settings and privacy just 10-15 minutes outside of Aspen. Another sale that represented great value was the 3,571 square foot contemporary remodel at 2156 Maroon Creek road. This property had 4 bedrooms and was located within 5-10 minutes from downtown Aspen, had modest views and privacy, and was located just a few minutes from the Maroon Bells recreation park. It closed for $3 million from its original ask price of $5.1 million. The top sale for April 2012 was a 7,732 square foot contemporary ski-in / ski-out home located at 21 Burnt Mountain Circle in the two Creeks ski area in Snowmass. This property is front and center to fabulous ski access for the Snowmass ski area.

March 2012 saw consistent sales activity with 22 residential sales.  The majority of the sales were in the lower price points below $2 million however 9 of the sales were over $2 million with the top sale being 999 Willoughby Way for $16 million.  Other notable sales were 70 Larson Drive in Starwood for $7.8 million, a beautiful contemporary home on 63 Smuggler Grove that sold for $5.75 million and a ski in/ski out property in The Pines neighborhood in Snowmass that sold for $5.75 million.  Additionally there were 3 other townhome, condo and duplex properties that sold at 331 W. Bleeker Street for $3.275 million, 1232 Mountain View Unit B for $2.5 million and 425 Wood Road in Snowmass that sold for $2.5 million.  It is also worth noting that there are currently 55 properties that are under contract with average list price being $2.3 million.     Read More >>

The big real estate news for February 2012 was regarding exciting changes with Morris & Fyrwald / Sotheby’s International Realty and Chaffin Light real estate.   As was reported in the local press, Morris & Fyrwald / Sotheby’s International Realty merged with Chaffin Light Real Estate to create the strongest real estate company in the Aspen / Snowmass and Roaring Fork Valley real estate market.  The new company is known as Aspen / Snowmass Sotheby’s International Realty.  Read More >>

The 2011 sales numbers from Land Title leaves us with a good prospective for where 2011 finished and what we can likely expect for 2012.  Although we did not see significant dollar volume increase, we finished with a positive gain.  2011 sales volume finished with over $1.269 billion and transactions increased 9.7% over 2010.  Please review the summary recap below: Read More >>

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 >>

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.

February 2011 saw tremendous sales activity in the luxury segment.   There were 4 sales over $13 million dollars with 3 of the 4 sales closing over $16 million.  1560 Tiehack Road in Maroon Creek closed at $13 million from its list price of $17.5 million. Read More >>

The real estate market dollar volume for November 2010 increased 45%.  Review the sales summary below for the related details on the Aspen / Snowmass real estate markets.  Read More >>

Solid and consistent sales activity continued as the 2010 sales year came to an end. The most noteworthy sales for November 2010 were a 2.75 acre vacant lot at 69 Shady Lane for $13 million, the luxury home at 900 Waters Avenue sold for $9.2 million and the 410 S. West End luxury townhome sold for $7.2 million.  December finished out the sales year with a BANG.  Two luxury estates on Red Mountain sold for $14 million and $13.8 million respectively, and a beautiful 6385 square foot home in the West End sold for $7.1 million.  Aspen / Snowmass is a standout resort market that is experiencing the absorbing of the A plus properties and a number of buyers are stepping up on making fantastic purchases of unique properties.  Read More >>