Aspen Real Estate Blog

Aspen Glen 2012 Updates

Michael Perau - Tuesday, November 06, 2012
There are currently 18 residential properties that are on the market in the Aspen Glen subdivision with an average asking price of $1 million. The properties are a blend of single family homes on the golf course and Roaring Fork River to the maintenance free living of the Aspen Peak townhome properties. Dating back to October 2011 there have been 23 sales with an average selling price of $897,000 at $220 per square foot. The top 2 sales in Aspen Glen for the previous year included a 6,674 square foot home at 560 Brookie that closed for $2.35 million and the other 5,313 square foot home at 22 Fenwick Court that closed for $2.15 million. The Aspen Glen experience invites primarily golfers but also includes fishing, tennis and all the amenities of the Aspen Glen clubhouse. For the Mid-Valley segment of the Roaring Fork Valley there has not been a faster pace of sales and activity as has been experienced in the Aspen Glen neighborhood. Aspen Glen represents privacy, value and lifestyle like no other golf course development in the Roaring Fork Valley!

Mid-Valley Updates September 2012

Michael Perau - Tuesday, September 04, 2012
With 381 sales YTD from Basalt to Glenwood Springs, the mid-valley real estate market has made tremendous gains towards stability and the absorption of foreclosed and short sale properties.  There continues to be tremendous sales and under contract activity under the $350,000 price point. Of the 381 residential sales YTD between Basalt and Glenwood Springs, 208 of the residential sales sold within 98% of the asking price.  There are currently 145 additional properties that are under contract. This price segment continues to appeal to investors and home buyers entering the housing market as they feel a sense of improved stability. There is also stronger interest in the golf course communities of River Valley Ranch and Aspen Glen and the outlaying properties in Missouri Heights and the Crystal River Valley towards  Read More >>

Mid-Valley Updates March 2012

Michael Perau - Wednesday, April 11, 2012
There has been tremendous sales and under contract activity under the $350,000 price point.  Year to date for 2012 between Basalt and Glenwood Springs there have been 65 residential sales with an average sold price of $202,000 and a list to sold percentage of 96%.  There are currently 73 additional properties that are under contract.  This price segment has become appealing to investors and home buyers entering the housing market as they feel a sense of improved stability.  There is also a sense of prices bottoming out in the condo and single family residential markets.  This trend will likely continue through 2012 as more housing inventory will hit the market with additional foreclosures.   The Aspen Times reported a great article on March 29th entitled “Mid-Valley real estate sales surge”.  The article sited local real estate brokers and their prospective on the short sale and foreclosure market feeding the majority of this segment of the low end market.  One interesting irony was a single family property on Surrey Road in Carbondale that was listed for $330,000 and subsequently received 16 offers to purchase that raised the price to $425,000.    Read More >>

Morris & Fyrwald merges with Chaffin Light:

Michael Perau - Thursday, March 15, 2012

The big real estate news for February 2012 was regarding exciting changes with Morris & Fyrwald / Sotheby’s International Realty and Chaffin Light real estate.   As was reported in the local press, Morris & Fyrwald / Sotheby’s International Realty merged with Chaffin Light Real Estate to create the strongest real estate company in the Aspen / Snowmass and Roaring Fork Valley real estate market.  The new company is known as Aspen / Snowmass Sotheby’s International Realty.  Read More >>

Aspen, Snowmass Real Estate Statistics April 2011

Michael Perau - Friday, June 17, 2011

The below statistics from Land Title demonstrate a steady recovery to our resort market.  April 2011 was down 29% for dollar volume and up 3% for transactions over April 2010. Year to date our market is still up 8.5% over 2010 sales figures for dollar volume and 7.6% for transaction activity.  Please review the summary recap below. Read More >>

Aspen, Snowmass Luxury Real Estate Sales May 2011

Michael Perau - Friday, June 17, 2011

Notable sales for May 2011 include 6 sales over the $5 million mark with 4 of the sales being over $11.25 million. We also had significant sales of condominiums and townhomes in Aspen including the stand alone ski in/ ski out masterpiece known as Mountain Queen #2 that sold for $3.285 million.  Mountain Queen #2 commanded a premium of $1923.00 per square foot due to its ski in / ski out location on Aspen Mountain, and it’s state of the art finish levels including 14 foot wire-brushed larch wood walls, vaulted ceilings, white washed Aspen log accents, and Japanese soaking tub with onyx countertops.   Read More >>

Aspen / Snowmass Luxury Sales April 2011:

Michael Perau - Friday, April 08, 2011
There were 6 significant sales over $4.5 million and 7 sales closed between $3-4 million for the month of March 2011.  The most significant sale was at 1540 Tiehack Road in the Maroon Creek Club neighborhood. The property sits on 3.9 acres at the end of Pyramid Point Estates with direct views of Pyramid Peak and end of the neighborhood privacy.  The finished property by Richard Wax will boast 11,000 square feet with 5 bedrooms and 6 baths.  This will be a one of a kind property with an irreplaceable setting. There are also a number of luxury properties that are under contract as the winter season wraps up.  It is a great time to negotiate on this segment of the market.

Aspen / Snowmass Luxury Sales February 2011

Michael Perau - Monday, March 14, 2011

February 2011 saw tremendous sales activity in the luxury segment.   There were 4 sales over $13 million dollars with 3 of the 4 sales closing over $16 million.  1560 Tiehack Road in Maroon Creek closed at $13 million from its list price of $17.5 million. Read More >>

Aspen / Pitkin Highlights (November 2010):

Michael Perau - Thursday, January 13, 2011

The real estate market dollar volume for November 2010 increased 45%.  Review the sales summary below for the related details on the Aspen / Snowmass real estate markets.  Read More >>

Aspen / Snowmass Luxury Sales:

Michael Perau - Thursday, January 13, 2011

Solid and consistent sales activity continued as the 2010 sales year came to an end. The most noteworthy sales for November 2010 were a 2.75 acre vacant lot at 69 Shady Lane for $13 million, the luxury home at 900 Waters Avenue sold for $9.2 million and the 410 S. West End luxury townhome sold for $7.2 million.  December finished out the sales year with a BANG.  Two luxury estates on Red Mountain sold for $14 million and $13.8 million respectively, and a beautiful 6385 square foot home in the West End sold for $7.1 million.  Aspen / Snowmass is a standout resort market that is experiencing the absorbing of the A plus properties and a number of buyers are stepping up on making fantastic purchases of unique properties.  Read More >>


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