Basalt, Colorado: Erik Cavarra believes the decrease in Value is attributed directly to the distressed properties and the foreclosures present within the market. Buyers are still buying and taking advantage of Low Interest rates, but the downward pressure on the market is a direct result of a continued bleeding within the market. Many property owners in the mid-Roaring Fork Valley likely are Continue Reading
March occupancy in Snowmass up from last year
SNOWMASS VILLAGE — Hotels in SnowmassVillage saw slightly more business in March over last year, thanks largely to a flurry of last-minute bookings made after some significant snowstorms. Erik Cavarra believes occupancy was strong for early weeks in March and the Last week in March. The Mid Part of March saw very low occupancy rates within our Single Family homes and Condos unlike years Continue Reading
Real Estate Trends: Aspen Colorado
Aspen/Snowmass Village: April 2013- Erik Cavarra believes the Aspen & Snowmass market will continue with an upward tick in the market through the off season and into the 2013 Summer. Sophisticated Buyers will continue to aggressively seek the better Listings and Properties within the marketplace and certain Buyers will continue to find low interest rates appealing enough to gamble in the Continue Reading
9 Foreclosures in Four Days at the Ritz Carlton
Aspen Highlands: Erik Cavarra believes that the Aspen Real Estate market has improved, but it still cannot escape the reality of Foreclosures and Distressed Sellers. Valley wide we have seen an increase in the number of Sales taking place in all real estate types whether single family, fractional, or condo, but even though the numbers are improving, it does not change the reality of distressed Continue Reading
Aspen Snowmass Fractional Resort Comparision: April 2013
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
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
Erik Cavarra has just placed a Three Bedroom Residences at Snowmass Club Under Contract
With a listing date of only (1) business day, Erik Cavarra was able to place a Residences at Snowmass Club Under Contract. This will make (4) Pending Listings within the Residences during the Spring Season. Erik Cavarra is excited with the re-vitalization of the Snowmass Club which is now under NEW Ownership with the Toll Brothers Golf Division. Erik believes that with the move towards the Continue Reading