Category Archives: Just NEWS

total pitco valuation

2017 Property Valuations: Overall Up, but Not Everywhere

On May 1, county assessors throughout Colorado mailed out valuation notices to all property owners in the state, as they do every two years. The new valuations reflect the appraised value of properties as of June 30, 2016, based on comparable neighborhood sales for the two-year period prior to that. We spoke with Larry Fite, chief appraiser for Pitkin County, and with Eagle County Assessor Mark Chapin, to explore the trends they discovered during the two-year valuation period which began mid-2014 and ended mid-2016. It’s helpful to understand these trends, both to understand how and why property values fluctuate and to get an idea of where things are going. Continue reading

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Aspen_Snowmass_-_Aerial_Photograph

Power of Four to Become the Power of a Lot More

Last week’s announcement that Aspen Skiing Co. is partnering with private equity firm KSL to purchase Intrawest Resort Holdings and Mammoth Resorts made waves throughout the ski world. In fact, the company’s entree into the acquisition and consolidation game (the Aspen/KSL partnership will boast 16 ski areas among them when the deals are completed) is probably the biggest splash the North American resort industry will feel in many years.

Here’s what you need to know about the acquisitions, some thoughts from Aspen Skiing Co. COO David Perry, and what others are saying about it. Continue reading

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*Aspen overview

Aspen Land-Use Code Changes, Explained

When a yearlong moratorium on new development applications in Aspen’s commercial core expired on March 17, a series of far-reaching land-use code changes went into effect. The code tweaks, which consumed many an Aspen City Council meeting for over a year, apply to building heights, free-market residential uses, downtown commercial mix, parking, affordable housing mitigation, and more. Council even tinkered with what kind of stores to allow in Aspen. It’s the most extensive rewrite of Aspen’s land-use codes since the “infill” regulations of the early 2000s loosened them. Here’s your guide to what’s changed. Continue reading

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World Cup Fever

World Cup Finals are in town, and it’s a very exciting time to be in Aspen!

Alpine ski racing’s most important event, the FIS World Cup Finals are the last set of races on the World Cup circuit for the season, crowning the champion in five disciplines plus the overall men’s and women’s champions. Only 25 racers in each discipline qualify for the finals, so you’re watching the best of the best competing over five days in downhill, super G, giant slalom, slalom, and the nation’s team event. Continue reading

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Base Village Plaza Renderings-Elevations.Feb 2017

It’s Happening — New Development in Snowmass

The ink now dry on the deed, East West Partners and Aspen Skiing Company are well down the line with their plans for the completion of the next phase of Base Village in Snowmass. John Calhoun, director of sales and marketing for East West, met with our office recently and assured us that the day after the ski season ends on April 17, we’ll definitely see at least a “dude with a shovel” out on the gondola plaza, soon to be followed by a huge construction crew getting started on four different projects. By summer, big cranes will be visible from throughout the Village; and, by fall, we’ll see all the buildings going vertical. Certainly, by next ski season, our visitors will be well aware that this long-delayed development is back on track. Continue reading

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Market 2016 chart from CC

A Closer Look at the 2016 Real Estate Market

December 2016 capped a strong fourth quarter, one that nearly eclipsed the first three of the year. While it wasn’t enough to pull 2016 up to the levels of the prior two years, the final four months of 2016 nearly equaled the first eight, as election-year hesitation was replaced by some pent-up demand. Aspen’s considerable 12-month drop seemed to have as much to do with weak inventory as election-year jitters, so we’re pleased to see the increase in single-family home inventory — increasing demand should allow prices to stay strong. With adequate inventory and its comfortable price advantage over Aspen, Snowmass maintained its performance, actually growing dollar volume by 3%. Basalt also fared well, especially in average sales prices which, overall, grew by an impressive 13%. Continue reading

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Hall of Fame collage

The Soul of Aspen

In a recent Aspen Times column, the Aspen Princess, Alison Margo, wrote about the spirit of Aspen, and how it’s still going strong. She found Aspen’s soul in Aspen Hall of Fame honorees, whom she interviews for videos commemorating their lives and contributions to the community. We were intrigued and wanted to know more: What exactly is it about these people who came to Aspen in the 1960s and ’70s, and still live here? How do they embody the spirit of Aspen, and how does that impact the community? Continue reading

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The Mill Building, completed in 2016, includes two third-floor penthouses that new city regulations now ban.

Spotlight: Hotel Jerome Residences

As Aspen City Council further restricts the potential of new residential development downtown (more on that in a future Skinny), the Hotel Jerome Residences may be the last of their kind. Continue reading

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snowmaggedon map NOAA

Snowmaggedon ’17 Strikes Aspen Snowmass

They’re calling it Snowmageddon 2017. A firehose of wintry weather turned on full throttle in early January, blasting most of the western US, including Aspen Snowmass.

 

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Tidbits: Aspen/Snowmass New Year’s News

As we turn the corner into 2017, it’s worth highlighting some good news that’s emerged of late in Aspen/Snowmass. Here are a few stories —  about Base Village, the local market, Tesla, and new retail and dining options, that we find interesting. Continue reading

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