March 2010

Land Title's February, 2010 Summary of Pitkin County Property Sales

Land Title's February, 2010 Summary of Pitkin County Property Sales
Please see attached for the latest market analysis, courtesy of Land Title Guarantee Company! Summary for the month of February
  • $49,136,199 total dollar volume, a decrease of 53.8% from February 2009
  • 46 total transactions, a decrease of 37.8% from February 2009
    • Please keep in mind that there was a flurry of fractional transactions last year at this time with the Little Nell and Dancing Bear.
      • In February 2009 these two projects accounted for $40,323,600 and 40 transactions
  • For February 2010, Aspen reported $23.4 million in dollar volume, Snowmass Village $13.6 million, Intervals $10.3 million, Basalt $1.4 million, Redstone $457,000, and Old Snowmass $61,309
    • Included in the Aspen dollars was a single family home sale for $6.25 million
    • Old Snowmass dollars consisted of 2 sales in Lazy Glen
    • Snowmass Village, Intervals, and Basalt were the only areas that showed an increased dollar volume over last month
  • February transaction totals were as follows:  Aspen 18, Intervals 13, Snowmass Village 8, Basalt 4, Old Snowmass 2, and Redstone 1
    • Intervals and Basalt were the only areas that showed increased transaction activity over last month
  • The average single family home sold price for Pitkin County through the month of February is $2,576,590, a decrease of 47% from full year 2009’s sold price of $4,902,989
  • The median single family home sold price is $2,437,500, a decrease of 24% from full year 2009’s sold price of $3,153,088
    • Please see page 5 of the PDF for additional detail by specific area within Pitkin County, as well as multi family and residential land info
  • Interval dollars for the month were $10,268,000, a decrease of 75% from Feb 2009
  • Interval dollars for the month totaled 13, a decrease of 70% from Feb 2009
Photo by Taylor feldman 
Posted by gary on March 31, 2010 in
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Aspen Mountain Ski Season Extended Two Weeks

Aspen Mountain Ski Season Extended Two Weeks

Recent spring storms have dumped enough fresh snow to convince the Aspen Skiing Company to extend the ski season for at least another two weeks. 

The regular ski season closes April 11 at both Aspen Mountain and Snowmass.  Buttermilk and Highlands are set to close April 4.

Aspen Mountain will be open April 17-18 and April 24-25.  The Sundeck restaurant atop the mountain will be open and will host a band each day.

Current weather forecast for Aspen is a WINTER STORM WARNING for tonight through tomorrow with 12-18 inches expected.

Posted by gary on March 31, 2010 in
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Joe Montana’s Estate on the Cover of Christie’s Great Estates Magazine

Joe Montana’s Estate on the Cover of Christie’s Great Estates Magazine

Click here for the latest edition of the award-winning Christie’s Great Estates magazine. The cover is graced with Villa Montana, the California wine country estate of American-football legend Joe Montana, who led the San Francisco 49ers to four Super Bowl wins. Represented by exclusive affiliate Pacific Union International, Villa Montana sprawls across 503 acres of California wine country in Calistoga and includes a 9,700-square-foot main residence, an equestrian center, two year-round creeks, a pond, a basketball court, and a skeet shooting range.

Posted by gary on March 30, 2010 in
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Significant Aspen Real Estate Closings - March 16 through March 22, 2010

Significant Aspen Real Estate Closings - March 16 through March 22, 2010

Top of Mill Townhomes, Unit E

Aspen

$6,850,000

Woodrun I, Lot 101

Snowmass Village

$3,950,600

Maroon Greens Townhomes, #311

Aspen

$3,400,000

Two Creeks, Lot 32, Parcel B

Snowmass Village

$3,000,000

Horse Ranch, Lot 5

Snowmass Village

$3,000,000

401 Sopris Mountain Ranch, Lot 15

Pitkin County

$2,475,000

Posted by gary on March 29, 2010 in
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Aspen SkiCo Out Performs CO Ski Industry Overall

Aspen SkiCo Out Performs CO Ski Industry Overall
Aspen skier visits were up slightly through the month of February this season, even though number of visits for all Colorado ski resorts as a whole were down by about the same amount for the same period.  SkiCo states that an increase in marketing dollars spent, a noticable surge in local pass use and a strong international business presence are the most likely reasons for Aspen's performance. For whatever reason, Aspen is outperforming the rest of the state's resorts.   
Posted by Missi on March 12, 2010 in
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Aspen Baby Bear Recovering

Aspen Baby Bear Recovering
The baby bear that was rescued from the back of Aspen Mountain two weeks ago is now recovering at the wildlife rehabilitation facility in Silt.  The yearling has gained about five pounds now, after being malnourished to near death following her mysteriously leaving her den prematurely.  
Posted by Missi on March 12, 2010 in
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Ski Aspen 'till Dark Friday

Ski Aspen 'till Dark Friday

The Siver Queen Gondola and Chair 3 (Ajax Express) on Aspen Mountain will run until 6 pm on Friday. The last run of the day could concievably be just before dark. Skiing will be limited to the east side of the mountain, but will include Bell Mountain, Gents Ridge, Spar Gulch and Copper Bowl.

Photo by Taylor Feldman 

 

Posted by Missi on March 11, 2010 in
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Low Flight Cancellations In January

Low Flight Cancellations In January
According to the latest Bureau of Transportation statistics, less than four percent of commercial airline flights into Aspen Pitkin County Airport this January were cancelled, a record low cancellation rate in 5 years for the month of January. Only six percent of outbound flights from Aspen were cancelled in January.  The positive performance statistics, however impressive, were certainly helped by the very low snowfall levels in January this year.  
Posted by Missi on March 10, 2010 in
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