Fractional Resort Total # of Project Interests Total Number of Units Remaining Developer Inventory Total # of Interests on the Market Avg Listing Price # of Closings Since January 1, 2012 Average Days on Market Residences at SMC 290 40 0 25 $187,844 20 232 Timbers Club 224 64 Exclusive Continue Reading
Occupancy Numbers: Aspen & Snowmass Village
Occupancy rates at Aspen and Snowmass lodges in March were up 7 percent and 4.2 percent, respectively, compared to last year, according to the latest data. Numbers for April are also positive so far, according to MTRIP, a travel research program that keeps track of stats for mountain destinations. Erik Cavarra believes that Home rentals tracked very similar and Gross revenue was slightly Continue Reading
Erik Cavarra has just closed a Two Bedroom Residences at Snowmass Club
Erik Cavarra has just closed a newly renovated Two Bedroom Residence. The Residences at Snowmass Club Offers its members the epitome of alpine indulgence. All the services of an upscale hotel are combined with the amenities and privileges of an exclusive country club, and rolled into one incredible opportunity in Snowmass for a fraction of the cost. 14 Two Bedroom Floor Plans, 16 Three Bedroom Continue Reading
Report ranks Aspen second in luxury home sales for 2012
Aspen saw the second most home sales above $5 million and above $10 million last year, according to a new report from Coldwell Banker. Erik Cavarra believes that the strength in the Aspen market is a result of the boutique luxury lifestyle present within the prestige of the Aspen Market Place. Unlike many other locations Aspen's allure is irreplacable. There were 48 sales of Aspen homes Continue Reading
City of Aspen to let developer lease 19 parking spaces
The city of Aspen and Centaur Construction have reached a mitigation agreement for the redevelopment of the Gap building. The developer has proposed an accelerated construction process, which will shorten the disruption and impacts on the neighbors and community at 204 S. Galena St. In exchange, the city will allow the developer to purchase 19 city parking spaces on S. Galena Street (eight Continue Reading
Real Estate Inventory Down 11% since last year
The Simple Principles of Supply Versus Demand. A lot of supply = a downward pressure on the market. Less supply = an upward tick in the market with higher dollar volume achieved. In examining the Aspen & Snowmass Real Estate Market, one thing is for certain, the simple economic principles of Supply Vs. Demand still are a true indicator for the real estate market. If your selling or Continue Reading
Aspen area real estate market reverses course in early 2013
ASPEN—As the Aspen-area real estate market takes a breather from its torrid pace at the end of 2012, some indicators are pointing toward less high-end activity than in the last two years—although it may be too soon to tell. There were definitely more real estate sales on the lower end of the market in the first two months of 2013 than during the same time period the year before. Dollar volume Continue Reading
Johnny McGuire’s building sells for $1.5 million
Another prominent Aspen building has changed hands, and the new owner is becoming an increasingly familiar name on the downtown commercial scene. The owners of Johnny McGuire's sandwich shop and the Domino's pizza franchise sold the building housing their businesses earlier this month for $1.5 million. The buyer, 730 E. Cooper LLC, is an entity controlled by Chicago and Aspen businessman Mark Continue Reading
Paragon commercial spaces go for nearly $6 million at foreclosure sale
Three commercial spaces in the Paragon building on the Hyman Mall fetched $5.925 million at a foreclosure sale on the Pitkin County courthouse steps Wednesday morning. The sole and winning bidder was an LLC set up by Torchlight Loan Services of New York, a national manager of distressed commercial loans, which acquired the deed of trust last week from US Bank National Association, which in turn Continue Reading
Actor Jack Nicholson sells Colorado Residence: Aspen, Colorado
Property Type: RES w/Improvments N/A Address: 206 Lake Avenue Aspen, CO 81611 Status: Closed Asking Price: $15,000,000 List Number: 124648 Type: Single Family Area: 01-West End Major Area: Aspen Sub/Loc: Hallam Addition County: Pitkin Bedrooms: 5 Baths: 6 Baths - Half: 2 Baths - Continue Reading
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