It wasn’t too long ago that Basalt was a sleepy midvalley service community surrounded by pastoral ranches and low-key neighborhoods. In recent years, the pace has picked up, both in lifestyle and opportunities for development. And now, with year-round attractions and upcoming real estate opportunities at nearly every level of entry, the midvalley is in the midst of a transformation, into a variety of livable neighborhoods with the vibrant hub of Basalt at its heart.
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 →
While this year’s surreal presidential election kept many of us glued to the news, the Clinton/Trump show also overshadowed local elections to some degree. In case you missed the local papers on November 9, here’s a roundup of how voters dealt with local issues and candidates on a fairly extensive Pitkin County ballot. Continue reading →
Investment in the Basalt community is at an all-time high. Even as this small mid-valley town continues to wrestle with how to redevelop parts of its downtown core, at least 200 affordable housing units are in the pipeline, while upgrades are in process for pedestrians and the schools, and the business community is booming. “What’s notable about many of the changes, whether they’re development plans or some other type of investment, is that they focus on long-term livability,” emphasizes our broker, Kristen Maley, a Basalt resident for many years.
Here’s a look at some of the more significant projects in the Basalt pipeline: Continue reading →
Twenty miles down the road from Aspen, Basalt has never really been considered part of the Aspen/Snowmass resort — obviously, it’s not even part of the name. But things are changing with a new hotel, a growing commercial area, and a downtown in the process of revitalizing. Continue reading →
Lately, the talk of the town has been how hot the Aspen real estate market is, and a lot of what’s been written is fanning those flames. While there’s certainly a lot to be excited about, we want to offer some context — a little background detail and long-range thinking to help you understand the market. Continue reading →
We’ve completed our analysis of real estate activity through October 2014, slicing and splicing the data every which way but loose. You’ll find the full version of the latest Aspen Report on our website (under Resources, then Publications) — and it’s a numbers person’s dream. In an effort to summarize and identify trends, here we bring you the most pertinent key points about the local market, which encompasses Aspen, Snowmass Village, and Basalt. Continue reading →
Luxury living in Basalt is getting a rare boost with the final phase of development of The Wilds, a managed townhome community just above the historic downtown and nestled in the wilderness of Basalt Mountain.
After a multi-year hiatus, three of the luxury, four-bedroom Wilds residences are coming online in the next several months (one is already listed in the MLS and will be finished by the end of September), and two more duplexes will follow within two years. Continue reading →
In the summer, the hills are alive with the sound of music in the Aspen/Snowmass area. Better yet, much of the musical entertainment is free, so while the cultural offerings are rich, you don’t necessarily have to be to enjoy them.
As the summer season winds down, some of the more popular free musical offerings are wrapping up this week — don’t miss the last Thursday concert on Fanny Hill or the final opportunity to sit on the lawn during the Aspen Festival Orchestra’s Sunday afternoon performance. In fact, for those wanting to draw out Aspen’s summer music season, here’s a look at no-cost options for the rest of this week: Continue reading →