Every morning, like clockwork, I check the MLS before the sun rises over the Rocky Mountains to see if there are any new real estate listings in Aspen, Colorado. There are inherent ebbs and flows to the luxury real estate inventory in our town. And, every year, springtime is “listing season.” Sellers always opt to put their stunning Aspen homes on the market as the snow starts melting, the wildflowers begin to bloom, and we crescendo towards summer. As expected, a few gorgeous homes recently hit the Aspen real estate market. Here are three new, hot real estate listings in Aspen that were just added to the MLS. You’re going to love these properties…
This breathtaking Aspen home hit the Aspen/Glenwood MLS around mid March, 2015. This privately gated home boasts seven bedrooms and outstanding views of Aspen Mountain, Aspen Highlands, and Maroon Creek.
Situated on a flat one-acre lot on exclusive lower Red Mountain, this property features a five-bedroom main house, two-bedroom guest house, large pond, and extensively landscaped gardens.
Just a few of the special touches include private master suite with handsome office, gym that opens to the patio and family room complete with home theater, pool table, and full wet bar. Offering an open floorplan with wonderful, heated outdoor living spaces, this home feels intimate for family gatherings and grand enough for gracious entertaining. In addition to the two-car garage, there is a third garage bay large enough for an electric car or motorcycles and toys.
Must-See Features for 15 Placer Lane:
- Privately gated home
- Panoramic Views
- 5-bedroom main home, 2-bedroom guest house
- Large pond & landscaped garden
- Office, gym, home theater
- Spectacular views
- Surrounded by dense aspen groves
- Recently remodeled
- Directly accesses outdoor lifestyle
540 Walnut Street
- Central, downtown Aspen location
- Brand new construction
- Beautiful views of Aspen Mountain, Buttermilk, and Shadow Mountain
- Modern style and comfortable elegance
Are you interested in learning more about these listings? Would you like to see what other luxury real estate in Aspen is available? Please do not hesitate to email me at Pat@Aspen4Sale.com.
In this Aspen Real Estate Neighborhood Guide presented by Aspen4Sale buyers will learn about one of the best secrets in the Aspen real estate market. This neighborhood blends affordable lots and single-family homes that locals love, plus, it is surrounded by gorgeous nature and is easily access downtown Aspen. The real estate in East Aspen, along Highway 82, and up towards Independence Pass is a terrific option for buyers.
Aspen’s East End includes neighborhoods up Independence Pass, in the Smuggler Mine area, and along Highway 82 and the headwaters of the Roaring Fork River. The real estate in Aspen’s East End are as varied as the terrain on close-by Aspen Mountain. By Aspen’s real estate standards, there are afford- able single-family homes in the eastern neighborhoods. Some of Aspen’s most expensive and opulent homes are located in this area, too.
Less than four minutes from downtown Aspen and directly next to some of our town’s most cherished natural spaces—Independence Pass and the Northstar Nature Preserve— the eastern side of Aspen easily accesses the bustle of the central core as well as the pristine trails, rivers, and lakes outside of town.
Last year was strong for the Aspen real estate market! Pitkin County saw a 23% increase in total sales volume during 2014 with 747 transactions. Riding last year’s increased sales volume, 2015 started with a bang! Did you know that it was a historic January for Aspen real estate? A whopping 300% increase in total sales volume marked the best beginning to a year for real estate in Aspen since the recession.
Here are two stats that illustrate Aspen’s real estate market is moving in the right direction:
- 747 Transactions in Pitkin County in 2014 (a 23% increase compared to 2013)
- January 2015 boasted a 300% increase in total sales volume compared to January 2014
That Aspen realtors cobbled together the best January statistics since the recession is interesting on its own. A 300% spike in sales volume compared to last year is awesome, right? The nugget of data that my clients—both real estate buyers and sellers in Aspen—will be most interested in, however, is: January’s total number of transactions was down roughly 40%.
Why is this so compelling for Aspen4Sale’s clients? This is vital because it means that luxury real estate in Aspen is on fire! The 300% increase in total sales volume and the approximate 40% decrease in total transactions translates to Aspen luxury real estate properties selling at a high frequency. Add to that the competitive inventory of luxury listings available, and it’s fair to say that Aspen’s real estate market is hot!
January 2015 By The Numbers:
- 27 of January’s 78 total transactions in Pitkin County took place in Aspen
- $1405: The average price per square foot of purchased real estate in Aspen during January 2015
- almost $7 Million: The average price for single-family home during the month
Where are these buyers coming from? What are the feeder markets for Aspen real estate? You might be surprised to learn that most of the buyers from January’s historic statistics originated locally. The truth is, though, a majority of real estate transactions take place within a 12-mile radius in all real estate markets. Aspen is unique in a lot of ways, but Aspen isn’t different when it comes to local buyers.
I am confident stating that January’s numbers are not an anomaly; in fact, I think we’re in for an exciting time with real estate in Aspen.
Are you thinking of listing your Aspen home? Now’s the time!
Aspen4Sale focuses on two of Aspen’s most underrated communities in this edition of the Aspen Real Estate Neighborhood Guide. Both locations are comprised of predominantly local, full-time, family-centric residents. Both neighborhoods have breathtaking panoramic views of the surrounding Rocky Mountains and easily access great trails and rivers for hiking, biking, and fishing.
The Cemetery Lane and East Aspen neighborhoods are “hidden gems” in our town and boast some of the best options for real estate in Aspen. I’m very excited to introduce you to these local-favorite communities.
Cemetery Lane sits between the fabled roundabout and Aspen’s s-turn threshold. The street runs adjacent to the Aspen Golf Course, dropping down onto the Rio Grande Trail and Roaring Fork River. This Aspen neighborhood is home to a lot of families, full-time residents, and long-time Aspenites.
Similar to Red Mountain and the West End, Cemetery Lane has a lot of amazing architecture and handcrafted homes. Unlike Red Mountain and the West end, however, full-time residents make up the majority of this highly sought-after neighborhood.
While the newly renovated and custom single-family homes in the Cemetery Lane area are world-class, there are a number of old fixer- upper homes that present endless opportunities to buyers looking to build their dream home in Aspen.
A lot of great hiking and biking trails are easily accessed by the Cemetery Lane neighborhood. Golfers think the close proximity to the fairways is unbeatable, and anglers love the fishing holes and riffles along the nearby Roaring Fork River.
The third installment of Aspen4Sale’s ongoing Aspen Real Estate Neighborhood Guide highlights one of the most charming and historic neighborhoods in Aspen: The West End.
You’ll be hard pressed to find a more tranquil neighborhood in Aspen than the West End. Victorian homes line the West End’s quiet streets, bordered by large manicured lawns. Reminiscent of suburban neighbor- hoods throughout America, Aspen’s historic West End boasts has kids playing catch and riding bikes in the streets, neighbors BBQ-ing or mowing lawns, and friends having picnics and cocktail parties.
This neighborhood does have a familiar feel and a rich history; however, these days, second-home owners and seasonal Aspenites comprise a majority of the occupants of the West End. It’s not uncommon for neighbors to only live in their West End home a few weeks a year.
Lovers of history, design, and architecture tend to buy real estate in Aspen’s West End. This beautiful- ly historic Aspen neighborhood is known throughout architecture circles for the compelling blend of classic Victorian and historic homes dating back to Aspen’s mining days and modern, contemporary design. Often times, homeowners build modern add-ons to preserved landmarks, resulting in the West End’s iconic aesthetic.
In addition to the architecturally compelling homes that the West End is known for, this neighborhood is home to the world-renowned Aspen Institute and the Aspen Music Festival & School.
Both non-profit organizations are an integral part of Aspen’s rich cultural DNA, and both play a huge role in the summertime calendar of events that make Aspen so special. Every summer, The Aspen Institute’s Ideas Festival beckons the world’s brightest minds to the West End for a two-week think-tank. And, the Aspen Music Festival & School’s concerts are a must-attend for locals and tourists.
The price range varies in Aspen’s West End, per usual, between $1.1 Million and $19 Million for a single-family home. Aspen’s West End is an exclusive neighborhood where affluent locals and high-end seond-home owners share streets.
Aspen has a small-town charm that locals, tourists, and second-home owners find appealing. We have a population close to 8,000 year-round residents (and upwards of 25,000 people during peak times of year). Aspen, Colorado is delightfully small in size, but Aspen is LARGE in character and reputation. The square miles Aspen encompasses belies the number of different neighborhoods that are unique and charming. I believe that my real estate clients need to be intimate with the neighborhoods in Aspen when they’re beginning their search for real estate in Aspen.
This is the second post of my online series devoted to Aspen’s different neighborhoods. For this installment of the Aspen Real Estate Neighborhood Guide, Aspen4Sale will focus on real estate in downtown Aspen and the central core!
Real estate in downtown Aspen and Aspen’s central core is known for luxurious condominiums, stunning penthouses, and modern single-family homes. Downtown Aspen is the epicenter of Aspen’s shopping, dining, nightlife, and the Silver Queen Gondola that carries skiers and snowboarders up Aspen Mountain.
Living in the central core of Aspen allows you to explore the cobblestone streets of downtown on foot. Home owners quickly establish favorite restaurants, shops, and activities after buying a home in downtown Aspen. And, the easy access to luxurious spas, fine-art galleries, and patios makes for a fun atmosphere.
The real estate in downtown Aspen is a perfect blend of bustling culture, dining, and shopping. Downtown Aspen combines the charming, slow pace of a mountain town with the event schedule and attributes of a city. Modern architecture, spacious lofts, and efficiently designed condominiums are examples of the types of listings buyers will find in downtown Aspen.
Ranging between $1 Million and $29 Million, a downtown Aspen condo or single-family home accesses the best of everything. This area is walking distance to Ajax’s Silver Queen Gondola and Aspen’s many world-class culinary options, and easy access to the Aspen’s nightlife, airport, and outdoor activities, real estate in downtown is Aspen is a buyer’s dream.
Downtown Aspen real estate and homes in town’s central core are amazing! I’d love to answer any questions you might have and learn about your wants and needs. CLICK HERE to set up a meeting to discuss Aspen real estate.
The Wall Street Journal just published an article that I know you will find interesting. In the piece entitled “Top of the Superrich’s Real-Estate Wishlist? New York, Aspen,” the WSJ dives into quantitive data “from a study of ‘ultra-high-net-worth individuals’ – richer still than the 0.1% – [showing] that their swelling ranks are increasingly storing wealth in multimillion-dollar mansions around the world.”
Representing Aspen4Sale, I recently spent time with a small, exclusive group of successful professionals at an illuminating conference in Whistler, BC, Canada. American hedge fund manager, billionaire and owner of real estate in Aspen John Paulson was among the 21 people who spoke at the event. Paulson’s insights and real estate advice proved to be valuable. Here are a few pieces of real estate advice from Aspen real estate advocate and billionaire hedge fund manager John Paulson…
“If you don’t own a home, buy one,” says Paulson. “If you own one home, buy another one. If you own two homes, buy a third.”
Currently, Paulson says he only 22% of his portfolio invested in the stock market and 2% of his portfolio invested in gold. A large majority of his current investments are currently in the real estate market.
“I still think buying a home is the best investment any individual can make,” says John Paulson. “Affordability is still at an all-time high. Buy a home, and, if you can, buy a second home.”
Most importantly, Paulson feels that real estate is the best investment right now. And, Paulson chose to invest in Aspen real estate! The adage that “proximity is power” rings true, and Aspen4Sale has a great home for sale in Starwood, the gated community where John Paulson owns a beautiful estate.
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Whenever I’m in Manhattan and ask a client, “What do you do?” their response is typically: “I work in finance (or publishing, real estate, etc.)” The east coast mindset revolves around work and profession, which I understand because work ethic and tireless commitment to results are two reasons I have been able to cobble together a successful career selling luxury real estate in Aspen. In Aspen, however, I’ll ask someone “What do you do?” and their response is very different than a New Yorker’s response. “I ski, I mountain bike, I love fly fishing, I hike, I collect art, etc.” While we work hard in Aspen, our town’s ethos is equal parts passions, activities and profession, career. The Aspen lifestyle is one of our real estate market’s main selling points.
Aspen4Sale will highlight a handful of lifestyles on-tap in Aspen, Colorado throughout this on-going series. I decided to kickoff the Aspen Lifestyle series focusing on the skiing and snowboarding culture that makes Aspen unique!
The Aspen Board of Realtors recently released the fourth quarter report for the Aspen and Snowmass real estate markets, among other areas throughout the Roaring Fork Valley. There are interesting insights to be gleaned from the Q4 stats about our local real estate industry.
The Aspen/Glenwood Spring MLS is a great resource for statistics, quantitative data, and reports. However, these reports are numbers-centric and it helps to have a real estate expert point out talking points, highlight trends, address opportunities, and turn the numbers into a narrative. Below, you’ll find insider information about the Aspen and Snowmass real estate markets’ Q4 statistics. In short, it’s a seller’s market!
There is a lot to discuss when looking at the fourth quarter real estate reports. Most importantly, is that the number of new single-family home listings to hit the MLS in Aspen and Snowmass declined in Q4. Listings dropped 11.8% in Aspen compared to Q4 in 2013, and there was a 10.8% change from the previous year in Snowmass. Year to date, the number of listings in Aspen dropped 8.4% while Snowmass increased by 4.7%.
What does this mean for you? Well, it depends on if you’re a buyer or a seller. For buyers, the pool of single-family home options has declined; in other words, there was less to choose from in Aspen and Snowmass during Q4. Interestingly, the number of sold listings during the fourth quarter of 2014 increased in Aspen by 29.6% and remained exactly the same in Snowmass compared to 2013. The increase in sales illustrates that buyers want to buy.
For sellers, this information is a dream! The demand for real estate in Aspen and Snowmass is spiking, inventory is declining, and sales are increasing. Now is a fantastic time to consider selling your home if you have been debating about upgrading to a new or larger home. There are buyers clamoring for options and there’s a dearth of listings.
Based on the Q4 statistics for single-family homes in Aspen and Snowmass, I am confident that we will sell your home if we price it properly.
Last, but definitely not least, I’m thrilled to report that the days on the market until sale data (DOM) for both Aspen and Snowmass is going in a terrific direction! The year-to-date stats show that DOM to sale in Aspen has declined by an exciting 24.1% and the days on market until sale number in Snowmass has dropped by 31.8%. So, listings are flying at a seller-friendly pace!
This is great news for my clients who want to list.
- It is a seller’s market in Aspen and Snowmass. Buyers are eagerly gobbling up listings.
- New listings of single-family homes in Aspen and Snowmass are down.
- Sold listings in Aspen and Snowmass are up.
- DOM until sale in Aspen and Snowmass are down.
- Now is a great time to list your property if you have been wanting to sell!