Sales Activity Last week, one property went under contract after 199 days on the market, a new Snowmass Base Village 3 Bdrm/3 Ba, 1498 sq ft slope side condo. Originally priced at $2.995M, it was reduced to $2.495M. Additionally, some Residences at Little Nell fractional units closed according to published reports in the Mountain Business Journal. See the transactions. Seven 3 bedroom units closed in the range of $1.2M-$1.75M. and one 4 bedroom, Unit F313, closed at $2.95M. Read More
Market Activity – Residences at Little Nell Closings, Dancing Bear, The Monarch/LimeLite Condos & Other Residential: (2) Solds and (5) Under Contract: Jan 11-18, 2009
Residences at The Little Nell - Scheduled Closings Jan '09 The scheduled January '09 closings at Residences at The Little Nell at the base of the Aspen Mountain Gondola will dominate real estate news in the next few weeks. In Jan to date, there have been approximately (7) closings - of 208 total available units - of the three and four bedroom 1/8th interest fractional units. - Closed Three Bdrms: price range of the closed units last week was $1.1M - $1.65M - Closed Four Bdrms: price of the one unit that closed last week was $2.25M Read More
Market Activity – (2) Solds and Bob Bowden Development: Jan 4-11, 2009
Two properties went under contract this week. The first property highlights a very motivated situation and is priced extremely well; the second confirms the fact that a buyer(s) will step up for brand new product, especially this stunning new contemporary townhome in the center of Aspen, a five star location: In both these circumstances, quality, superb location and actual comparative value are the key reasons the properties are under contract. Read More
Holiday Sentiment and Jan ’09 Closings for Residences at Little Nell and Dancing Bear Phase 1
Holiday Sentiment During the Christmas/New Year’s week, hyperbole was rampant. The word from visitors was that there was real estate blood on the Aspen streets (this was before the New Year’s bomb threat incident which closed Downtown Aspen for New Year’s Eve) as they confidently cited a number of incorrect examples of desperate sellers willing to let go of properties at 35-45% off ask price. One gets a sense of sharks circling with a number of prospective buyers saying they’ll wait for more downward movement in prices before striking. The pervasive out-of-towner sentiment seems to be it’s going to get worse in Aspen amidst plenty of uncertainty, fear and devastation in a number of Aspen's historically strong feeder markets ...NYC. East Coast, Miami to name some. Read More
Market Activity: Dec.28 – Jan 4, 2009
There were no sales or under contracts this week for Aspen, Snowmass Village and Woody Creek areas. Ironically, this is not unusual in that most people are too busy to seriously look at properties over the Holidays even though the resort is very crowded. Read More
