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 …

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. 

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…

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…

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…

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 …

Since the 1960s, the economy in the U.S. has been heavily influenced by the baby boom generation.

Architectural style and interior design trends of residential properties evolve over time. The traditional mountain Tuscan-style homes characterized by sloped roofs, paneled doors, heavy stone exteriors, textured plastered walls, rough-cut woods and granite countertops, popular and built in …

The third quarter of 2019 is over and Aspen-Snowmass residential real estate continues its strong trend for the year.

As the Aspen-Snowmass real estate market moves into its final quarter of 2019, all signs are pointing to another solid year for real estate sales with no signs of slowing down. If the market keeps up its current pace, the total volume of sales in 2019 is projected to increase by about 5 perc…

An inverted yield, the trade war with China, Brexit and recession have been the top economic topics covered by the news media for most of the summer. For over two years now, leading economists have been predicting a recession starting within the next 18 months. If that had been the case, a r…