Aspen, CO Real Estate News

By Deb Bamesberger, MRE, ABR, e-Pro
(Blue Moon Realty, LLC)
For the last few years, Aspen has been a seller's market. Because there is a limited selection of properties for sale, seller's can put whatever price they want and if a buyer wants to buy in that area, they will have o pay the price. We don't have any vacant land in town to build on and if one does come up for sale, it is usually priced high. It also doesn't stay on the market for very long. Because the market in Aspen is somewhat flat right now, it is now a buyer's market, kind of. Most seller's in Aspen are not lowering their prices because they don' have to sell but there are a few that are coming down. Currently, there are 398 single family homes, condos, townhomes and duplexes on the market in Aspen and on the outskirts of Aspen. There are 27 under contract. If I break it down, th...
Comments 2
By Deb Bamesberger, MRE, ABR, e-Pro
(Blue Moon Realty, LLC)
I think that the meeting went well yesterday! My clients and I met with the listing agent and the owner/seller of the home that my clients are interested in. We spent about an hour talking and getting to know each other as best you can in an hour. All of the questions were addressed and mostly answered, we still have a couple of things that need answers. Once we read the homeowner's association rules and regs, we should have the majority of those answers. We solved the parking (or lack of) situation. After the meeting, we went back over to the house and were able to get into the garage. We had not been able to see the inside until yesterday. We used my Chevrolet Trailblazer to test the garage to see if it was big enough to fit the clients car in. They have an Envoy which is a little tal...
Comments 5
By Deb Bamesberger, MRE, ABR, e-Pro
(Blue Moon Realty, LLC)
A big part of being a real estate agent is using your creative side. I have showed this home to a couple two times now. When we first started looking at places, one of the biggest requirements was to have a garage or a place to park their car. Aspen is pre-dominantly second home owners and they already own a condo in Snowmass Village that I sold to them about a year and a half ago. They are here quite often but they have to leave their Yukon out in the parking lot and have someone clean it off for them when they are not here. Anyway, he wants a garage because he is tired of doing that and they want a bigger place. We've looked at about 25 places in the last 4 months. The one that they really like is a small, Victorian in downtown Aspen. It was built in 1888 and falls in the historical c...
Comments 6
By Deb Bamesberger, MRE, ABR, e-Pro
(Blue Moon Realty, LLC)
Yesterday, one of my best clients disclosed to me that he was not in a position to buy anything right now, it would probably be 6 months before he could move forward. This was a shock to me as he is always ready, willing and able to buy on a moments notice. Real estate prices have dropped 22 percent in the last couple of months and 30 percent from this time last year. Those who will not lower the prices on their homes here in Aspen, are not selling those homes. There are still some sales going on but nothing like it was. I have talked to many real estate agents here in the valley, they all say the same thing. We are showing properties but nobody is coming forward to purchase at this time. They are waiting, I've heard from many buyers that they are waiting for the election. Does anybody ...
Comments 4
By Deb Bamesberger, MRE, ABR, e-Pro
(Blue Moon Realty, LLC)
Well, it's been a bit slower than normal here in the Roaring Fork Valley, especially in Aspen. I would say that we haven't had any sales, it's just been a bit flat. Our prices here in Aspen went through the roof last year and it seems that sales slowed a bit around September and have stayed that way until recently. A couple of weeks ago it started to pick back up, I am actually showing property to two different Buyers this week. Since things were slow, I took the time to write a book, it is almost ready to go to print! Just in time too, since real estate is picking back up. I have Celiac disease which is also known as gluten intolerance. My book is called - Should I Be Gluten-Free? America's Silent Epidemic - Celiac Disease. It contains a full description of what Celiac disease is, it's...
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By Toby Munk
(Aspen Sotheby's International Realty)
Ever considered buying real estate at one of the top resorts like Aspen or Snowmass? If you are thinking of investment property and are looking for the highest percentage returns it makes sense to look at properties just a little outside these luxury resorts.Single family homes in destinations like Aspen can set you back a minimum of $4,000,000. As more and more people are priced out of these markets they will look at locations near by that are more affordable. How about saving $2m in return for driving 20 minutes to Aspen. Most people spend more time than that in traffic every morning on their way to work. So a scenic drive to a day on the ski sloped will go by in a breeze. Basalt is a quaint little town on the Roaring Fork River that offers absolute bargains compared to the steep Aspe...
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By Gary Feldman
(Joshua & Co.)
I am pleased to announce my new Aspen real estate blogsite: http://www.garyfeldman.com/blog/Gary%2520Feldman
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