Real Estate

Aspen Real Estate Market Report - Q3 2014

Continued, steady growth and tepid reclamation are the themes for our valley’s third quarter real estate market. As we have been accustomed to in quarters past, Aspen’s appreciation in pricing and price per square foot leads the upper valley.  It is good, however, to see that Old Snowmass, Woody Creek, and Basalt are up significantly over last year as well, and showing a clear rebound.

Within the Aspen market, the West End sets the pace, as there have already been 18 closings with four more under-contract so far this year.  There are still 14 active listings in the West End, but listing agents have been exclaiming about the number of showings, even in what is often a softer period in the fall. 2013 slumped a bit, as compared to 2012, but the 2014 statistics are very encouraging.  There have already been a number of bidding wars on West End listings. This is a strong sign of more active, confident buyers in abundance.

Aspen Real Estate Market Report - Summer 2013 vs. 2014

Overall the Aspen real estate market is up over summer 2013 and continuing at a steady pace. It is appreciating in all sectors of the greater Aspen area discussed in this report - the Downtown Core by 10%, the West End by nearly 30% and Red Mountain by almost 50%. This signifies a good market for sellers, as prices trend towards pre-recession values. In addition, inventory scarcity in the coveted West End has created a dynamic where buyers are more willing to pay a higher premium for these properties. With the busy winter season approaching, and the current market condition, it is a prime time to list your Aspen home with Stirling Peak Properties.

Please contact us to discuss listing your property or if you have any questions.

 

Aspen Real Estate Report

Aspen Real Estate - The Benefits of Fractional Ownership

Dancing Bear Aspen - Fractional Real Estate

Are you in the market for a second home in a world-class resort, but concerned about the responsibilities of owning an additional property? Or simply can’t justify the expense because you’ll only use it a few weeks per year? If so, fractional ownership could be the perfect solution. You get all the benefits of a luxury vacation property without the burdens of maintenance, repairs and more. Below are reasons why fractional ownership is an easy way to own Aspen real estate. 

The Price is Right

4th Quarter Housing Reports for Aspen Board of Realtors

 Source: Jeremy Swanson

Thanks to Aspen Board of Realtor's partnership with the Colorado Association of Realtors and an independent real estate research and marketing firm - we'd like to share these valuable reports regarding the housing market in Aspen and the entire Roaring Fork Valley.

The reports are broken down by major area for the Aspen/Glenwood Springs MLS listings. The Mountain District reports are broken down by Lender and by Mediated (foreclosure, shorts sales, etc.). Please feel free to contact us if you'd like more information or have questions. 970-920-2300.

All of the reports below are available for download at the Aspen Board of Realtors website.

Aspen Real Estate Sales - Year Over Year Comparison - 2012 to 2013

The market data for Aspen real estate suggests that 2013 proved to be a much better year than 2012 for Townhomes/Condos/Duplexes (TCD) as the number of sales were up 10% and the average sales price increased 13%. Single Family Homes (SFH) saw a minimal 2% drop in number of sales and the average sales price was down 19%. Active Listings are up in both SFH and TCD suggesting a positive trend in seller confidence that now is a good time to capitalize on the market. Of course, there can also be expressed concern for over-saturation of the market and a lack of demand. In 2012, with TCD and SFH there were 425 active listings and 225 sold or approximately 53%. In 2013, 542 properties were active (some of these may include listings from 2012 that did not sell) and 237 of them sold, or approximately 44%.  All in all market perception is better from the Buyers side. We anticipate 2014 being a strong year in Aspen Real Estate.

Aspen Real Estate Sales - Year Over Year Comparison - 2012 to 2013

 

 

Year Over Year Comparison

This Year: 1/1/2013 to 12/31/2013
Last Year: 1/1/2012 to 12/31/2012
For: 1/13/2014

 

Status: 'Active', 'Closed', 'Pending';

Property Type: 'Condo/Townhouse/Duplex/Half Duplex';

RES w/Improvements

Type: Condo/Townhouse/Duplex/Half Duplex

 

Total Active

New Listings

Number Under Contract

Number Sold

Sold Volume

Aspen Real Estate Sales and Market Reports

Keeping an eye on the market means paying close attention to everything from local sales to the national economy. Below is a report on Aspen real estate sold year over year in various areas of town. Have a read and please feel free to contact us if you have any questions or would like to discuss. 

 

Aspen real estates sold year over year

West End Home Sales

Since September 1, 2011 there have been a total of 11 single family home sales in the greater Aspen area; 2 of which were located in the West End.

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We're giving away a $25 gift certificate to Explore Booksellers.  Like Us on Facebook and enter to win.  The contest winner will be announced after we receive a total of 30 entries. 

Continue to follow Stirling Homes on Facebook for future prizes and giveaways.  We'll be giving away other great prizes to our fans.  For example, guess where in Aspen a photo was taken and win! 

Explore Booksellers is located in downtown Aspen, Colorado and is home to a coffee shop, rare book selection, author room for events, community events, book signings, and a great selection of books.  It is located at 221 East Main Street.