March 2008

Downvalley Real Estate Trends up so Far in 2008

Downvalley Real Estate Trends up so Far in 2008

As the majority of the country tries to wade through the recent downturn in real estate sales, areas in the Roaring Fork Valley are trending in the opposite direction.  The average home price in the Basalt area went from $1.34 million last year to $3.23 million in 2008.  A new 100 unit development in El Jebel near Basalt called Shadowrock has helped boost area sales.  With a price per square foot ranging from $394-$524 for a brand new townhouse, these units are considered by many to be a great value.     

If you are interested in exploring real estate in the Roaring Fork Valley, please contact me to set up an appointment.

 

Posted by rebecca on March 25, 2008 in
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Let it Snow...18-20 Inches!

Let it Snow...18-20 Inches!

March is holding true to it's character of being the snowiest month of winter.  After several days of warmer weather and sunshine, I woke up this morning to a blanket of fresh snow outside.   The mountain managers are reporting 13" of new powder in the last 48 hours.  Powder hounds were out in full force this morning, standing in line as early as an hour before the gondola opened in hopes of getting fresh tracks on their favorite run.   These are the days of winter that brought us to Aspen and keep us here year after year.  The skiing is absolutely epic this season and the buzz of energy around town is contagious.   More spring breakers are arriving by the minute and with their arrival comes an exciting reminder that the sunshine of spring skiing is right around the corner, and soon after that we will be dusting off the road bikes and water skiing gear and transitioning into the amazing summer season in the Roaring Fork Valley.   This is why we live here...this is truly living the dream.

If you are interested in viewing some of the amazing opportunities to invest in Aspen and Snowmass real estate and learn more about the area, please contact me. 

 

Posted by rebecca on March 14, 2008 in
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Spring Break Destination: Aspen

Spring Break Destination: Aspen

Area business and visitor numbers are projected to boom next week due to the early arrival of Easter and spring break for many schools around Colorado.  The weather is predicted to be optimal for spring powder hounds: Snow all night and sunny skies all day.  With the record snow-pack still present on all four area mountains, lifts are staying open later in the day and apres ski parties are in full gear.  World class music and entertainment are on the schedule at area hotspots, and restaurants and retail outlets are staffed and ready for the annual influx of spring breakers here to taste the dream life Aspen offers. 

As you prepare for your exciting spring break in the Aspen & Snowmass area, consider making time to view some of the finest real estate in Colorado, and take advantage of your opportunity to own a part of the dream.  Contact me to discuss Aspen & Snowmass real estate. 

Posted by rebecca on March 11, 2008 in
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Real Estate Transactions Down in Pitkin County...For Now

Real Estate Transactions Down in Pitkin County...For Now

Real Estate transactions in Pitkin County generated $445.82 million during January and February of 2007.  This year, sales fell to $258.7 million for the same period based on recorded transactions with Pitkin County clerk's office.  The number of transactions dropped from 210 last year to 160 this year for a total drop of 23 percent.

Despite the downturn, there is a major difference between what is happening here and in most places around the country.  The mortgage crisis has not struck resort markets with a high percentage of luxury and second homes.

Real estate values have stayed high in Aspen, while many parts of the country have seen a substantial decline in property values.   Sellers are resisting any pressure to reduce their asking prices because, for the most part they are selling out of convenience.  Many people have the ability to ride out the cycle.

This year's downturn looks substantial because it is compared to record levels set for January and February in 2007, and although 2008 is off to a slow start, many think it will level off, despite the already definitive effect on the sizable upper valley real estate industry.

Exerpt from Aspen Times, Scott Condon 3/6/2008

Posted by rebecca on March 06, 2008 in
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Just Listed

Just Listed

 I recently listed 311 S. First Avenue in Aspen for $4,200,000. This totally remodelled West Aspen Victorian is adjacent to Koch Park and has easy walking access to Aspen's central core of walking, dining, and nightlife. It is a short 4 block walk to the Silver Queen gondola. The lower level boasts high ceilings and 2 full bathrooms. There is a large storage area, perfect for a wine collection or extra gear.

Contact me for further information on this Aspen original. 

 

Posted by rebecca on March 05, 2008 in
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