August 2013

Aspen Sale July 26, 2013

Aspen Sale July 26, 2013

1669 Red Mountain Road

Red Mountain Ranch

$4,774,000

Four bedrooms/four baths

4,924 sf

Sold price per square foot $969

Asking price $5,950,000

80% of asking price

Photo by Gary Feldman

Posted by GaryFeldman on August 22, 2013 in
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Snowmass Village Sale - July 29, 2013

Snowmass Village Sale - July 29, 2013

1005 Wood Road

Woodrun 1, Lot 4

Snowmass Village

Single Family Building Site

$1,850,000

33,541 sf

Asking price $1,850,000

100% of asking price

Photo by Taylor Feldman

Posted by GaryFeldman on August 22, 2013 in
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Just Listed! Meanwhile/... Ranch

Just Listed! Meanwhile/... Ranch
WHAT: A gentleman’s ranch, located on the site of the former Pitkin County fairgrounds in the ranching community of Old Snowmass. An extraordinary compound set on 56+ impeccably maintained acres that includes a 4-bedroom, 6-bath National Park-style main house, a brand new, 3-bedroom plus den log guest house, 2 caretaker apartments, the original 1886 settler’s cabin, a 3-stall barn with tack room, a new 7,000 sf equestrian facility, auto showroom/woodshop, arena, lunging pen, hay barn, loafing sheds, and fenced pastures for grazing. Senior water rights ensure a lush landscape that includes extensive lawn areas, raised beds for vegetables and cut flowers, mature trees and shrubs, and acres of irrigated meadows.   
Sophisticated interiors complement perfectly the artfully crafted and exquisitely detailed western lodge-style architecture. A two-story great room with grand fireplace, multitudes of windows with views in all directions, wraparound porches and private patios combine with a commercial-grade country-style kitchen to render this the ideal setting for indoor-outdoor entertaining for 20 or 200. Indoors and out, rustic materials and sophisticated craftsmanship provide a spirit of timelessness and permanency. 
WHERE: Nestled at the base of the dramatic red cliffs of Snowmass Canyon, halfway between Aspen and Basalt, includes acres of fenced pasture and manicured landscape protected by a privacy gate ensure true solitude and seclusion for the security-sensitive.
WHY:  Opportunities like this are few and far between, and a property of this magnitude can never again be duplicated in Pitkin County.
Offered at $15,950,000 - Click here to learn more.
Posted by Brooke on August 22, 2013 in
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A New Perspective - Brooke's Blog

A New Perspective - Brooke's Blog

USA Pro Cycling Challenge

It was a blast to watch the start and finish of Stage 1 of the USA Pro Challenge this past Monday in Downtown Aspen. They started in Aspen and went to Snowmass Village before making their way back to Aspen. Then it was onto Stage 2 the next day where they rode from Aspen over Independence Pass to Breckenridge.

(Photo by Brooke Maline) 

Posted by Brooke on August 22, 2013 in
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Land Title - June, 2013 Market Summary

Land Title - June, 2013 Market Summary


Please see below for the June 2013 Pitkin County Market Analysis.  

Summary

  • $101,933,738 - total dollars for June, a decrease of 31% from June 2012
  • 54 - total transactions for June, a decrease of 16% from May 2012
  • Year to date, dollars total $520,691,119 a decrease of  12% from same period 2012
  • Year to date, transactions total 369, an increase of 10% from same period 2012
  • For the month, Aspen posted 26 transactions ($79.7 million), Snowmass Village 14 ($9.8 million), Interval units 6 ($2.1 million), Basalt 4 ($4.9 million), Woody Creek 2 ($5 million), Carbondale 1 ($360,000), and Old Snowmass 1 ($89,000).
  • Notable sales for the month included a $27 million & a $14 million transaction - metes & bounds properties located on Midnight Mine Road
  • There were 6 bank sales recorded in the county for June totaling $4.3 million.  This accounted for 11% of the transactions and 4% of the dollars (see page 9 for more details)
  • Year to date, there have been 56 bank sales recorded in the county, totaling $37 million.  This accounts for 15% of the transactions and 7% of the dollars.  
  • The average single family home sold price thru June is $3,567,634, a decrease of 15% from full year 2012
  • The median single family home sold price thru June is $2,350,000, a decrease of 16% from full year 2012
  • Interval dollar volume for June was down 60% from June 2012, with a total of $2.1 million
  • Interval transaction volume for June was down 50% from June 2012, with a total of 6
  • Interval transaction breakdown for June: Hyatt Grand Aspen - 2, Ritz Carlton - 2, St. Regis - 1, and Roaring Fork Club (Suites) - 1
  • Through June, interval dollar volume totals $19,389,817, a decrease of 27% from same period 2012
  • Through June, interval transaction volume totaled 73, an increase of 9% from same period 2012
  • Buyer profile through June: 54% were out of state (domestic), 36% were Local, 8% were International, and 2% Front Range

Loan info through June, 57% of the sales were cash and 43% were financed - Please see the link below for the 2nd Quarter Comprehensive Lender DOT report

Posted by GaryFeldman on August 06, 2013 in
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Aspen, Jackson Hole CEOs to Speak at Real Estate Symposium

Aspen, Jackson Hole CEOs to Speak at Real Estate Symposium

The CEOs of two of the most iconic mountain resorts in the United States are headlining the 2013 Aspen/Snowmass State of the Real Estate and Tourism Economy Symposium, on Thursday, Aug. 8, from 3:30-5 p.m., at the Aspen Meadows' Doerr-Hosier Center.

Hosted by BJ Adams and Company, the fifth annual symposium will take an in-depth look into the local real estate and mountain resort economy, focusing on information that is "keenly relevant" to Aspen and Snowmass residents, property owners, and business people.

Following a welcome address by company founder BJ Adams, broker Andrew Ernemann, author of the semi-annual "Big Red Book," will give an update on the latest real estate myths, realities, trends, and forecasts. Given some of the twists and turns the market has taken in the last few years, Ernemann aims to make sense of the direction the economy is heading in.

This year's featured speakers are Aspen Skiing Co. CEO Mike Kaplan and Jackson Hole Mountain Resort President Jerry Blann, in one-on-one in conversation with each other and the audience. Blann was president and CEO of SkiCo from 1985 to 1988, and he ushered in both the Aspen Mountain gondola and The Little Nell Hotel during his tenure. He and Kaplan will discuss the similarities and differences between the two mountain resorts, their opportunities and challenges, and what each community can learn from the other — drawing on their lengthy collective experience in top management positions in the ski industry.

"Key topics of their conversation include lodging, transportation, ownership structure, and real estate," a BJ Adams press release said. "They'll talk about the local ski company's relationship with residents and government, how it has changed over the years, how it is now embracing the summer season, and how it can all be made better. Through anecdotes, statistics, and thoughts from the frontlines, they will offer their thoughts on how the local community and community leaders can work toward continued economic vitality. Ample time will be allowed for questions."

A complimentary cocktail reception will follow in the Barksdale Lobby.

Title sponsors for the 2013 State of the Real Estate and Tourism Economy Symposium are Aspen Country Day School, Holland & Hart, Title Company of the Rockies, and Wells Fargo Home Mortgage. Other sponsors include Aspen Sojourner magazine,  Associates III Interior Design, CCY Architects, Charles Cunniffe Architects, Poss Architecture + Planning,  andThe Residences Viceroy Snowmass; plus, Grassroots TV, Maley Building Corporation, and Aspen Appraisal Group; also, Aspen Chamber Resort Association and Harrington Smith Flowers.

The event is open to the public. Tickets are $30 in advance and $40 on the day of the event. Early registration is encouraged as last year's event sold out. To purchase tickets, call 970-922-2111 or stop by the Aspen or Snowmass office.

[Source: The Aspen Business Journal - 8/1/13]

Posted by Brooke on August 01, 2013 in
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A New Perspective - Brooke's Blog

A New Perspective - Brooke's Blog

The Snowmass Village Rodeo was a great time. I met and hung out with real cowboys who were nice enough to take me behind the scenes. I learned that this rodeo is the real deal; the bulls that are used for bull riding at the SMV Rodeo are considered to be in "the minor leagues." They observe the bulls, get them used to the crowds, and decide if they can make it into "the major leagues," if so, they move on. A great bucking bull can be worth upwards of $500,000!

There were cowboys and cowgirls from all over the U.S. Young and old alike shared similar passions, and their faces would light up when talking about their trade, whether it was barrel racing, team roping, bull riding, etc. I look forward to making it back to the rodeo before the season ends!

Details:

Every Wednesday through August 28th.

Rodeo Grounds open at 5 p.m. for fun pre-Rodeo activities including mechanical bull, bouncy horse, shopping, and more!

BBQ 5 – 9 p.m. Rodeo starts at 7 p.m.

**BJ Adams and Company is a sponsor of the rodeo, so we have two VIP tickets to the rodeo every Wednesday, if interested, let us know and we'll reserve them for you!**

(Photo by Brooke Maline)

Posted by Brooke on August 01, 2013 in
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