Category Archives: Just MARKET INFO

Past the Peak? Thoughts on the Local Market

With myriad factors in play, it’s challenging to neatly summarize the trajectory of our distinctive real estate market for any short period of time. That’s why, after a near-record year in 2015 with over $2 billion in real estate sales in Pitkin County, we are cautious about how we discuss the comparative slowdown of overall activity in the first half of 2016, a narrative which periodically grabs the local headlines and one that is endlessly interesting to Aspenites. Continue reading

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The Market in 2015: A Year in Review

The state of the local real estate market is good.

That’s the conclusion that Michael Adams, president of Berkshire Hathaway Home Services | Aspen Snowmass Properties, reached after reviewing all activity in 2015 and putting together his detailed annual analysis of the local market.

In general, 2015 was a banner year for many sectors of the local economy, signaling a continuing return to near-normalcy from the recent recession. Growth in sales tax revenues, lodging occupancy, construction activity, and real estate all heralded this revival. Continue reading

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Aspen 2013, by the numbers

2013 was a transitional year for the upper Roaring Fork Valley real estate market — a year of stabilization and balance in some areas, and clear growth in others. We’re still finalizing our analyses (look for the comprehensive big picture in our 2013 ASPEN REPORT, out in February) — but here are some of our initial findings… Continue reading

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Speaking of Luxury, with Gary Feldman

The ultra-luxury end of the Aspen/Snowmass real estate market has grown significantly in the last 20 years or so, becoming a market within a market with its own unique trends and characteristics. Likewise, ultra-luxury buyers and sellers are in a class of their own.

Perhaps no one understands this end of the market (currently defined as $10 million and up) and its players better than Gary Feldman, a longtime Aspen luxury real estate broker who joined our team in mid-2013. With the year coming to an end, Gary reflects on where the ultra-luxury market stands, and the unique ways its buyers and sellers work. Continue reading

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The Big Red Book – statistical summary of the valley…

Here it is…The Big Red Book , summer updated edition.

Find out about the “Shift in the Conversation,” Aspen Real Estate Cycles, the Market Index, Market Trends, the Luxury Report, the Confidence Index, and more…

Like…

  • Listing inventory has dropped 12% in Aspen between 2011 and 2012, and is down 8% in Snowmass Village and 21% in Basalt.
  • Aspen Core condo sales prices/SF are tracking 5% higher than last year.
  • The average price per square foot for Red Mountain, the West End and Central Core is $1305.

 

 

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Real estate: What to expect in 2013

We’ve all heard a lot now about the real estate trends that shaped 2012—sales of vacant land, high-end homes, and commercial buildings. But what should we expect from the Aspen/Snowmass real estate market this year? Our very own Andrew Ernemann, who is also president of the Aspen Board of Realtors, addressed that question this week during a joint presentation with appraiser Randy Gold at an event co-hosted by ABOR and the Aspen Business Luncheon. Continue reading

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Viceroy sales building momentum in Snowmass

There’s a buzz going on again in Snowmass Base Village, and it appears to be coming from the Viceroy.

Nine luxury condos at the Residences Viceroy Snowmass have closed and two more have been put under contract since sales of the 122-unit property were relaunched about two months ago, according to a presentation by Related Colorado President Dwayne Romero to the Aspen Board of Realtors last week. Continue reading

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Did you know … ? A sneak preview of The Big Red Book

In advance of the release of The Big Red Book next week, its creator and researcher extraordinaire Andrew Ernemann shared with The Aspen Skinny some of his findings on 2012 real estate sales activity. Based on countless hours of data crunching, some of these stats may surprise you Continue reading

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Fireworks over Aspen

Best December for Real Estate in Six Years

Friday’s total December Pitkin County real estate sales reached $233M, the best month of 2012 and the best December since 2006. The big month will bring annual sales to a likely $1.5 billion, a better than 14% increase over 2011. This includes commercial sales, which were also very strong in December.  Read what Aspen Times writer Scott Condon says about it here.

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