August 2010

Significant Aspen Real Estate Closings - August 17 through August 23, 2010

Significant Aspen Real Estate Closings - August 17 through August 23, 2010

42791 Highway 82, Aspen

Mountain Valley

$2,100,000

SOLD BY JOSHUA & CO

Fasching Haus East, Unit 210

 Aspen

$1,250,000

Chateau Dumont, Unit 21

Aspen

$1,050,000

Photo by Gary Feldman

Posted by gary on August 30, 2010 in
Comments

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

Land Title's July, 2010 Summary of Pitkin County Property Sales
Summary for the month of July
  • $74,155,436 – total dollar volume for the month, decrease of 41% from July 2009
  • 41 – total transactions for the month, decrease of 4.6% from July 2009
  • Year to date dollar volume, $647,972,192 – an increase of 8.3% from the same time period in 2009
  • Year to date transactions, 385 – an increase of 2.9% from the same time period 2009
  • Fractional dollar volume totaled $5.97 million, a decrease of 43% from July 2009
  • Fractional transactions totaled 12, a decrease of 33% from July 2009
    • Hyatt -4, Residences at Little Nell – 3, Roaring Fork Club Suites – 2, Ritz Carlton, Roaring Fork Club, and Sanctuary each reported 1
  • Year to date fractional dollar volume totals $58.2 million, a decrease of 61% from same time period 2009
  • Year to date fractional transactions total 101, a decrease of 44% from the same time period 2009
  • Aspen led the county with 17 transactions and $54.36 million, Interval Units totaled 12 with $5.97 million, Snowmass Village totaled 7 and $11.4 million, Basalt reported 3 and $996,584, Old Snowmass and Redstone each reported 1 transaction with $1.2 million and $190,000, respectively
  • There were 2 sales in the county that were bank owned sales, totaling $2.78 million – this represents 3.74% of the dollar volume and approximately 5% of the transactions
    • 1 in Snowmass and 1 in Old Snowmass
  • There have been 6 banks sales year to date, totaling $8.4 million – representing 1.3% of the dollar volume and 1.6% of the transactions
  • Through July the average single family sold price for the county totals $4.478 million, a decrease of 9% from full year 2009
  • Through July, the median single family sold price for the county totals $4.15 million, an increase of 32% from full year 2009
Posted by gary on August 26, 2010 in
Comments

Airlines Keep Colorado Skiers Up In The Air Over Schedules

Airlines Keep Colorado Skiers Up In The Air Over Schedules

Regional Airports are scrambling to confirm their flight scheudles as more and more airlines come and go and merge.  Frontier schocked Aspen several weeks ago when it announced that it was pulling out of Aspen only to reinstate it; Eagle County Regional Airport has had its third-best summer ever, but is facing a reduction in flights this winter, with the Delta-Northwest merger causing the end to nonstop service from Minneapolis/St. Paul and Detroit. American Airlines will add another flight to Eagle from Miami this winter.

Posted by gary on August 24, 2010 in
Comments

Woodstock in Aspen Next March

Woodstock in Aspen Next March

The Aspen City Council Monday gave their blessing to the application from the Aspen Skiing Company to hold a three-day music festival in downtown Aspen's Wagner Park in March. The plan is to have 5 ½ hours of music each day in an attempt to boost tourism during a lull in the ski season.

Photo by Taylor Feldman

Posted by gary on August 24, 2010 in
Comments

Aspen gets reprieve from Frontier, which is hit by Q400 lease snag

Aspen gets reprieve from Frontier, which is hit by Q400 lease snag

By Ben Mutzabaugh, USA TODAY

 

Courtesy of Frontier Airlines
Frontier Airlines will continue flying to the Colorado ski resort of Aspen this winter. The Associated Press notes "Frontier originally said it wouldn't fly the route after September as it phased out its Q400 turboprop planes. On Tuesday, the Republic Airways Holdings subsidiary said it decided to keep three Q400s so it can serve Aspen and other Colorado destinations, including Durango and Colorado Springs."

 

Bill Tomcich of Stay Aspen Snowmass tells The Aspen Times that "what precipitated this most unusual about-face was a bizarre combination of circumstances" at Frontier parent company Republic.

The Times writes Republic "had announced plans to phase out the fleet of Bombardier Q400s that Frontier's Lynx Aviation subsidiary flies into regional markets, including Aspen. However, a lease arrangement for some of the Q400s apparently fell through, making three of the planes available to serve Aspen, as well as Colorado Springs and Durango."

In more good news for Aspen, The Denver Post reports United "announced Tuesday it will add a fourth nonstop to the resort from Chicago and a second nonstop from San Francisco this winter. Tomcich said the increased United service will replace seats lost when Delta said in July it would not service Aspen this winter."

Posted by gary on August 19, 2010 in
Comments

August Is Busy Month For Aspen Real Estate

August Is Busy Month For Aspen Real Estate
A current review of the Aspen MLS indiactes that 18 single-family homes, totaling $135 million, have been placed under contract in the past month. The contracts include a $29.5 million property on Maroon Creek Road, and a $20 million home listed by Joshua & Co. bordering the North Star Preserve.  The least expensive property has an asking price of $2.5 million. August is typically the busiest month of the year for real estate sales.
Posted by gary on August 19, 2010 in
Comments

Former Stage 3 Site Sold At Auction For $3.6 Million

Former Stage 3 Site Sold At Auction For $3.6 Million
The former Stage 3 theater auction attracted few bidders.  The bankrupt developer had invested into the Main Street property, an amount reportedly as high as $19 million.
Posted by gary on August 18, 2010 in
Comments

Frontier T'animals (Tail Animals) Change Their Minds and Return To Aspen

Frontier T'animals (Tail Animals) Change Their Minds and Return To Aspen

Reversing a decision made just last week, Frontier Airlines announced Tuesday it will continue to operate flights from Denver to Aspen throughout the fall and winter. Frontier will fly its Denver-Aspen route with one flight a day from Oct. 1 through Nov. 17; increase to two flights a day from Nov. 18 to Dec. 15 ; and from Dec. 16 through April, Frontier will fly four flights daily.

This announcement comes as a relief to air travelers who were left with only United Airlines when Frontier and Delta decided to quit the Aspen market.

United Airlines announced today that it will add more direct flights from Chicago and San Francisco this winter.

Photo by Gary Feldman 

Posted by gary on August 18, 2010 in
Comments

Aspen Skiing Company Holds The Line On Its Two Most Popular Ski Passes

Aspen Skiing Company Holds The Line On Its Two Most Popular Ski Passes

The Aspen Skiing Co. will not increase prices for its two most popular ski passes, the Premier Pass and the Flex Pass, for the 2010-11 season.  Also making a return is SkiCo's two-day-a-week pass, which it dropped last season. The Premier Pass, which offers unlimited skiing and boarding on all SkiCo areas, will cost $1,499, if purchased before Sept. 24.

Photo by Taylor Feldman

Posted by gary on August 17, 2010 in
Comments

Pages