Finally, an Aspen institution in desperate need of being 'put out its misery', has been closed by the Pitkin County Court. For decades, Cooper Street was quintessential Aspen. A place for locals and visitors to meet for drinks, food and mingle. The bar occupied two floors. It bas one of those Aspen locations that was used as a directional aide. "The store you are looking for is across from Cooper Street".
Being the exclusive affiliate of Christie’s Great Estates for Aspen and Snowmass means our firm is among the world’s leading real estate firms handling distinctive properties. In order to become an affiliate, Joshua & Co. met Christie's stringent standards and was reviewed and approved by their advisory board.
I'd like to share an opportunity with you involving a one-of-a-kind property in Tuscany, Italy. For those of you who know me well, I do not normally rave about real estate, especially since Aspen holds what I believe is some of the most desirable property in the world. But Castello di Casole captured my eye as well as my dollars (euros, in this case.)
It happens every year around this time. Independence Pass closes due to winter driving conditions and won't open again until Memorial Day, 2009, eliminating one of only two roads in and out of Aspen. Known as "Aspen's back door", Independence Pass is a 40 mile shortcut to Denver via Leadville and offers some of the most panoramic mountaintop views in North America.
Every real estate buyer knows what a seller's market is. Buyers competing for homes in a tight market drive the prices higher. The same is true for Aspen real estate except that our normal market conditions would be classified as a seller's market. The world's most affluent people chasing a finite supply of Aspen real estate resulting in increasing home prices.
The Roaring Fork Valley received it's first big dump of snow last night and it is still coming down today. Forecasters are calling for more snow tonight and into tomorrow morning. With opening day for Aspen and Snowmass Mountains just 3 weeks away, the is a welcome site for locals and ski area managers.
Real estate transactions continue to slide in Pitkin County. Last month dollar volume was down 58% from the year before and transactions were down 52%.
According to Land Title Guarantee, who tracks the data, there were 61 transactions in September totaling $100,587,424.
The real estate industry has taken a significant hit this year, and is down 46% with a year to date dollar volume of just above $1.1 billion. Transactions to date are at 646, which is 36% lower than 2007.
Despite lower ratings from various ski magazine's this fall, Ski Magazine's latest SkiNet e-mail blast, the SnowMail newsletter with links to SkiNet.com, ranked Aspen #1 in a list of top ten ski towns. Voters included SkiNet users and staffers, Ski and Skiing magazine editors and the Warren Miller film crew.
Strong sales of Base Village condos have been masking a troubled Snowmass Village real estate market, which could sink even further without that buffer next year.
Arapahoe Basin located in Summit County, Colorado will open for the ski season on Wednesday, October 15th. Skiers can expect an eighteen inch base on the intermediate High Noon run off the the Exhibition lift. Sections of the terrain park will also be open.
A-Basin, as it is called by Coloradians, has been the first ski area to open in the United States for the past 2 seasons.