It’s been a hot year for real estate sales and construction in the city of Aspen, while the pipeline for future development has slowed down noticeably. Through the third quarter, Aspen property sales are up nearly 60 percent and dollar volume is more than double what it was last year at the same time, returning the market to 2015 levels. And although the number of land-use cases has been steadily declining for the last three years, total building permit valuations through October are ten times what they were at the height of the recession in 2009, and it’s so far the second-busiest year for building permit in the last nine years.
Here’s your complete guide to what’s going up, what’s going on, and what it all means, in Aspen. Continue reading →
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 →
On August 14, BJ Adams and Company held our sixth annual Aspen/Snowmass State of the Real Estate and Tourism Economy Symposium, the upper Roaring Fork Valley’s only event devoted to in-depth exploration of real estate and tourism trends. For those who were unable to attend, or who would like a summary of what was discussed, this post is for you. Continue reading →
It’s something he plans to do with lots of “cool graphics,” focusing a little bit on history but more on “what we think is happening now and moving forward,” says Randy, who gave The Aspen Skinny a preview tease of his Symposium presentation. Continue reading →
Aspen City Council has weighed in on two land-use code changes recently that are sure to have profound effects on local development and real estate values. But how exactly will the third floor ban and housing mitigation changes impact the market? Randy Gold, a principal with the Aspen Appraisal Group who has 35 years of local experience, has some pretty educated guesses. Continue reading →