aspen real estate market: Aspen Glen Golf Course Community Real Estate News
- 06/13/11 11:09 AM
Aspen Glen is the premier gated golf course community in the lower part of the Roaring Fork Valley. The Jack Nicklaus designed golf course has won numerous awards and enjoys a significantly longer season than some of the golf courses closer to Aspen. The spectacular club house with pool, tennis and gym facilities at Aspen Glen enjoys incredible views of Mt. Sopris and is a popular venue for local events. Like all golf course communities, Aspen Glen has been affected by the economic crisis and prices have fallen significantly from their peak in 2007-2008. Probably due to the general financial … (0 comments)
aspen real estate market: May Market Update for Aspen to Glenwood Springs to Rifle, Colorado
- 06/10/11 07:22 AM
With each passing month our local market between Aspen, Glenwood Springs and Rifle is inching its way back to an equilibrium between supply and demand, but we are still not there yet. All indications suggest that 2011 will turn out to be the best year for buyers. Here is the monthly commentary from our friend Joe Carpenter at American National Bank in Rifle: What do flood waters and housing inventories have in common? Answer: They both rise and fall. As we're experiencing record run off from the snowpack of the past season and see the rivers reaching or exceeding flood levels in … (0 comments)
aspen real estate market: Aspen Snowmass Real Estate Market Update - January 2010
- 02/08/10 07:56 AM
Both December and January have shown falling sales numbers in the Aspen/Glenwood MLS. December '08 had 83 sales versus 81 in '09. January '09 had 108 versus a meager 67 this year. On a more positive note, the trend of decreasing inventory has continued for the 6th straight month and while the overall supply has climbed back up to 58 months, there are more localized areas and price ranges where supply has fallen back close to what would be a balanced market (The River Valley Ranch development in Carbondale is one such example). Traditionally the early months of the year are … (0 comments)
aspen real estate market: Aspen Area and Roaring Fork Valley Market Update for December
- 01/12/10 09:57 AM
The trend of diminishing inventory of our Aspen / Snowmass market continued in December with overall inventory for the Aspen / Glenwood MLS dropping to its lowest point since May, 2008 (the fifth consecutive decline). Sales continue to be slow with 80 recorded, the same as the previous December. Despite the reduction in inventory, this low number of sales led the supply to increase to 50 months. With decreasing inventory, buyers may see increased competition for the choice properties. For sellers, while these numbers hold some promise, the reality for the time being is that they are going to have to … (0 comments)
aspen real estate market: Why you want a Buyer's Agent in the Aspen Market
- 12/11/09 06:13 AM
Each state has different rules of agency with regards to Real Estate. In any transaction it is very important to know the relationship between you and the Realtor you are working with. In Colorado there are 3 possible relationships and one “non-relationship”. They are: Seller’s Agent, Buyer’s Agent, Transaction Broker and Customer. As you read through the definitions below, there is one key sentence that for me explains why you want to have a Buyer’s Agent assisting you with the transaction. “A buyer’s agent works solely on behalf of the buyer to promote the interests of the buyer with the utmost … (0 comments)
aspen real estate market: November Sales in Aspen, The Good and the Bad....
- 12/11/09 06:01 AM
Nationally, it seems like we are hearing more and more positive news about the economy and trends are beginning to lead us to believe that the economy is heading in the right direction. Finally, on the local level, there are some trends appearing that may be early signs of a stabilization in the real estate market. The principal indicator that suggests this improvement is the number of new listings on the market. Starting at the end of 2007, more and more new listings started to hit the market at the same time that sales started to slow, leading to a huge … (1 comments)
aspen real estate market: The "Target House" in Aspen from the X-Games in Foreclosure!
- 02/11/09 04:42 AM
(2/16/09) WOW - THEY JUST REDUCED IT AGAIN TO $15 MILLION - THAT'S $11 MILLION LESS THAN THE ORIGINAL ASKING PRICE!!!) Yes, even in Aspen we are seeing foreclsoures - four have been filed so far in '09 - certainly a very small number in comparison to many parts of the country but it shows that even the super wealthy can be affected by the economic downturn. This particular home was featured during the X-Games as the base for Target's extreme athletes - replete with private chefs - big screen tvs, masseuses and so on - 14,400 square feet on 8.5 … (0 comments)
The world over, Aspen is known as a "must-own" town for the ultra wealthy. When you see a 6,000 square foot lot listed in town for $3,250,00, you can not but be reminded of the tried and true real estate axiom; location, location, location!
So how have prices been holding up in the face of this global economic crisis? Well, it is certainly true that sales have fallen significantly - down 40% from 2007. But in terms of prices, somewhat surprisingly, there has not been a significant change. This is perhaps … (1 comments)
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