Throughout the summer and fall, Aspen locals have seen plenty of evidence of people visiting or moving here from different parts of the country. There seems to be a noticeable increase in vehicles with out-of-state plates on the streets in downtown Aspen and in parking lots at trailheads aro…
One thing is certain: It’s difficult to predict the future when the rules change. We saw that this spring and summer when the coronavirus pandemic caused shutdowns and travel restrictions throughout the country. At the time, most people in the Aspen-Snowmass area predicted a slow summer for …
The summer of 2020 has been a crazy time for the Aspen-Snowmass real estate market. For the 36 months leading up to this spring, the average monthly residential property sales volume for the market was around $115 million. As the COVID-19 pandemic unfolded, the Aspen-Snowmass market hit the …
The summer of 2020 has been a crazy summer for the Aspen-Snowmass real estate market.
Twenty years ago, leading real estate think tanks such as the Urban Land Institute and others predicted a great migration would take place in this country where large urban centers would lose population to smaller cities and towns around the country as people sought a better and more afforda…
As people adjust to life during the COVID-19 pandemic, some new trends in home design are likely to emerge. The pandemic has forced people to rethink their values and lifestyles. What we thought was important before the pandemic may become less so now, and what we didn’t value a great deal b…
Market snapshot
The weirdest thing about the pandemic is the erasure of the last distinctions between parody and reality, as if the “Saturday Night Live” news crew is writing all of the news instead of lampooning it. Let’s preview the next National Lampoon movie, with the Griswold fam unable to decide wheth…
Social distancing measures were seen last week on the west end of the Hot Springs Pool in Glenwood Springs.
Pace of sales has been rapid of late
When the COVID-19 pandemic led to the economic shutdown in mid-March, it was unclear how real estate might be affected.
Uncertainty mixed with optimism makes for an interesting environment when it comes to making investments, particularly large investments like real estate. But today, these two forces are prominent influences in our Aspen-Snowmass real estate market.
Whenever the economy undergoes a shock like we’re seeing now from the coronavirus pandemic, new trends often appear in the real estate market. It appears we may be in the middle of one of those unexpected paradigm shifts, when our world jumps from one track going in a predictable direction t…
This past weekend, the Aspen-Snowmass economy began the process of reopening after the nine-week shutdown mandated by the Colorado Gov. Jared Polis and Pitkin County officials due to the COVID-19 pandemic.
Market snapshot
On March 14, Gov. Jared Polis ordered the closure of all ski areas in Colorado due to coronavirus spread. That was followed on March 25 by a sweeping mandate from the governor for all 5.8 million residents in the state to stay at home and for all nonessential businesses to close statewide.
The first-quarter Aspen-Snowmass real estate market results are in for 2020. If you didn’t know that the winter ski season ended abruptly on March 14 when Gov. Jared Polis closed all Colorado ski resorts — and that the world is currently engulfed in the COVID-19 pandemic — then you wouldn’t …
Pitkin County real estate transactions recorded March 15 - March 21, 2020
The impact of the coronavirus outbreak is being felt across the country, around the globe and in the Aspen-Snowmass community. Our local economy and real estate market has entered into uncharted territory. Never in modern history have we witnessed a lockdown of the global economy to the degr…
Pitkin County real estate transactions recorded March 8 - March 14, 2020
Pitkin County real estate transactions recorded March 1 - March 7, 2020
Finding something positive in the current world of disease and financial turmoil is difficult. The stock market is down roughly 27 percent from its high on Feb. 19.
Pitkin County real estate transactions recorded Feb. 23 - Feb. 29, 2020
The top news story this past week has been the global spread of the coronavirus. From its origin in Wuhan, China, with an outbreak that started in December, the coronavirus has in just two months spread to 47 countries and every continent in the world except Antarctica. From its historic pea…
Pitkin County real estate transactions recorded Feb. 16 – Feb. 22, 2020
Pitkin County real estate transactions recorded Feb. 9 – Feb. 15, 2020
2019 stats provided at Realtors’ annual market update luncheon
Pitkin County real estate transactions recorded Feb. 2 - Feb. 8, 2020
The health of real estate markets in ski resorts depends to a great degree on the health and popularity of the sport of skiing. As the popularity of skiing grew after World War II, so did the popularity of ski resorts, and subsequently the real estate markets surrounding ski resorts. However…
Pitkin County real estate transactions recorded Jan. 26 - Feb. 1, 2020
A Lamborghini Huracán EVO is put through its paces on a snow-covered racetrack near Woody Creek on Saturday morning at the Lamborghini Esperienza Academia Neve, a winter driving course for Lamborghini owners taught by official Lamborghini instructors.
Three running for mayor, six vying for three council seats
Pitkin County real estate transactions recorded, Jan. 19 - Jan. 25
Since the end of the global financial crisis a decade ago, we’ve heard the term “negative interest rates.” This era of negative interest rates started when the Federal Reserve and other central banks started cutting rates to rescue the global economy from the subprime mortgage crisis. From 2…
Pitkin County transactions recorded, Jan. 12-18
Pitkin County real estate transactions January 5 - 11
Design trends are always evolving, particularly in luxury-home markets like Aspen Snowmass. Affluent buyers hire the top architects and designers to achieve the most forward-looking designs. As we start a new decade, we’re likely to see new distinct design trends that will separate the 2020s…
Grantor: Newkam, Patrick C.; Clark, Cynthia A
High: $6.75M, low: $692,000
A decade ago, we were experiencing the Great Recession, the worst economic downturn since the Great Depression. The national economy, along with the luxury real estate market, was bottoming. Few buyers at the time were interested in purchasing mega-luxury homes in resort markets. In 24 month…
Grantor: Campbell, Evan; Campbell, Kassandra Mae
Grantor: Ajax the Shark LLC
The future of globalization has been a hot topic in political and economic circles in recent years. Over the past few decades, the world has become more interconnected as the result of trading alliances and treaties such as the European Union and NAFTA. Advances in technology, communications…
Grantor: ADB Capital
Grantor: Taylor, Kevin Trust; Taylor, Marcie Trust; Taylor Kevin Scott trustee; Taylor Marcie Lynne Taylor Trustee
It appears 2019 will be another solid year for the Aspen-Snowmass real estate market. The overall volume of sales year-to-date for 2019 are similar to, if not slightly ahead, of the total sales volume numbers for 2018 and 2017. But if you’re making a decision to sell an existing property in …
Grantor: Zigpaw LLC
Grantor: Snyder, Deborah A
Grantor: Batts Trust; Batts, Martin Trustee; Batts, Reva Maude
Since the 1960s, the economy in the U.S. has been heavily influenced by the baby boom generation.
Grantor: Batts Trust; Batts Martin Trustee; Batts Reva Maude
This week, host Alycin Bektesh checks back in with infectious disease expert Dr. Daniel Pastula to find out what we know now about coronavirus that we didn’t know when we called him up as the the COVID-19 outbreak hit in March. Dr. Pastula is an Associate Professor of Neurology Infectious …
