Aspen Real Estate Blog

There has been tremendous sales and under contract activity under the $350,000 price point.  Year to date for 2012 between Basalt and Glenwood Springs there have been 65 residential sales with an average sold price of $202,000 and a list to sold percentage of 96%.  There are currently 73 additional properties that are under contract.  This price segment has become appealing to investors and home buyers entering the housing market as they feel a sense of improved stability.  There is also a sense of prices bottoming out in the condo and single family residential markets.  This trend will likely continue through 2012 as more housing inventory will hit the market with additional foreclosures.   The Aspen Times reported a great article on March 29^th entitled “Mid-Valley real estate sales surge”.  The article sited local real estate brokers and their prospective on the short sale and foreclosure market feeding the majority of this segment of the low end market.  One interesting irony was a single family property on Surrey Road in Carbondale that was listed for $330,000 and subsequently received 16 offers to purchase that raised the price to $425,000.    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 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 >>

The first three of quarters of 2010 have seen significant sales above $6 million dollars.  The top sales of 2010 YTD include 10 properties above Read More >>

Snow is already on the ground in the Aspen / Snowmass high country. First snow came on the evening of September 23rd.  Last year the first snow came on October 1st and Read More >>