Low inventory, but pending contracts strong heading into spring selling season
CDPHE guidance allows more latitude
To date, Pitkin County has received 69,964 affidavits
The ability to work remotely during the COVID-19 pandemic has kept the national economy going and has also had a profound impact on the demand for real estate. But could the “work-from-home” economy be in the early stages of winding down, and if so, how could that impact the real estate mark…
In what is expected to be an extensive work session this evening, the Aspen City Council will use lessons learned from COVID-19 response in the last year to guide ongoing policies for community vitality.
Patrick Davila replaces longtime manager Tony DiLucia
Steadman Clinic names new director of philanthropy
Jaffa Kitchen now open in El Jebel
The COVID-19 pandemic had a profound impact on the real estate market in 2020. As a result of lockdowns and social distancing, cities saw demand for both commercial and residential real estate dry up while suburbs, small communities and resort areas around the country, like Aspen and Snowmas…
County’s 14-day incidence rate drops below required 700 threshold
For those who watch real estate markets, the one indicator they watch the closest is the direction of interest rates in the market for U.S. Treasury bonds, particularly the 10-year bond market. In most cases, interest rates for residential and commercial mortgages are priced relative to the …
Meridian Jewelers spearheads local campaign to offer lifeline
Officials sympathetic but steadfast in reasons for moving to red-level restrictions
Revere Capital partner says entity plans to take the lead in project restart
Indoor dining prohibited and lodging capacities reduced; skiing continues
As we all know, 2020 was an extraordinary year for the real estate market in the Aspen-Snowmass area. With total sales volume and number of closed transactions approaching $3.5 billion and 668 respectively, according to the Aspen-Snowmass multiple listing service, new all-time records were set.
Home inventory low, sales prices high at end of 2020
Aspen and Snowmass had two years of normal sales activity in a single year
Healthy but not ‘frantic’ market predicted
Whether you’re a Trump or Biden supporter, the results of this year’s election could impact the local Aspen-Snowmass real estate market.
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.
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This Week: A closer inspection of the ever-changing public health orders in Pitkin County and the end of the traveler affidavit program. And, just days out from Aspen’s municipal elections we will look at the standouts in the crowded field. Host Alycin Bektesh is joined by Megan Tackett Ma…