Dear Friends,
BASE VILLAGE OPENING CELEBRATION
With the holidays upon us, the early snowfall and the opening celebration of Base Village at Snowmass last weekend, the 2018/2019 winter season is off to an exciting start.
The celebration was a game changer for Snowmass Village revealing the Limelight Hotel and Lumin Residences, new outdoor ice rink, climbing wall, new restaurants including Coloradough Donuts, The Creperie, concerts and shops! It is now a super cool place to hang out with the whole family. Do not miss it!
Aspen real estate has slowed in 2018 while Snowmass Village real estate gained momentum due to partial completion of Base Village. See YTD November market reports for Aspen, Snowmass, Basalt and Carbondale below as well as an overview of the last 12 years of real estate in Aspen.
Get out and enjoy the snow and be sure to download the Aspen Snowmass app on your phone and start tracking laps and earning discounts! See app icon at bottom of newsletter.
Happy Holidays!
Laurie
FEATURED ASPEN HIGHLANDS
SKI-IN/SKI-OUT PROPERTY
465 Thunderbowl Lane
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Setting the stage on the slopes of Aspen Highlands this 5 bedroom, 8 bath home is a timeless legacy. Enjoy spectacular mountain views through floor to ceiling windows. Ski out your door for first tracks on Goldenhorn and Thunderbowl or hike to the top of Highland Bowl whenever you want or relax slope side for après in the infinity hot tub overlooking Highlands Village and the valley floor. Tastefully designed, the floor plan caters to every occasion including small and large gatherings with sprawling walk-out patios, fire pit, home theatre, wine room, weight room, spa and more. Each room of the home is thoughtfully tailored with the feel of mountain chalet with a classic sophistication.
INTRODUCING THE SKY RESIDENCES
At W Aspen
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The Residences
The former Sky Hotel's renovation and new operation under W Hotels Worldwide will include 11 shared ownership residences: Six three-bedroom, three-and-one-half-bath Residences, and five two-bedroom, two-and-one-half-bath Residences. Interior design by NemaWorkshop and architecture by locals Rowland + Broughton.
Shared Ownership Details
The Sky Residences at W Aspen will be offered for sale as a deeded 1/10th undivided interest in real estate. Each 1/10th ownership interest provides five weeks of use by each Owner. The four guaranteed Planned Vacation Weeks are established within the winter and summer seasons, with two weeks of use in each season. The fifth week of ownership, Space Available Nights, will be either dedicated to the winter or summer season, depending upon ownership preference.
Pricing & Availability
Contact me at 970-379-0195 or Laurie@LaurieLaing.com
ASPEN REAL ESTATE MARKET
A Historical Look Over The Past 12 Years
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Click on each graph below to view a larger interactive version.
NOVEMBER 2018 MARKET REPORTS
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Highlights: Single Family
YTD January-November 2017 vs. 2018
Aspen
YTD single family average sold price is $6,130,568 down 16.5% from $7,344,451, number of homes sold is down 23% from 105 to 81 and total sales volume is down 36% to $494,323,752. Sellers are receiving 93% of their list price up from 92% and homes are selling in 199 days vs 237. I attribute the decrease in average sold price to the reduction of luxury home sales over $20 million and the decrease in number of transactions to a shift in purchases for higher end condos and penthouses in the core that require less maintenance.
Snowmass
Total sales volume is up 3% to $131,923,048 as well as number of homes sold from 38 to 41. Average sold price decreased 6.9% to $3,219,326 while days on market rose from 235 to 257. Sellers are now receiving 92.6% of their list price vs.91.7%. After a long flat run, sales that the condo segment of the market experienced have now started to trickle into the single family home segment as Buyers now see all that Base Village has to offer their families and that it's here to stay.
Highlights: Condo/Townhome
Aspen
Average sold price was up 19.5% from $2,203,014 to $2,633,700 and price per square foot was up 10% from $1,373 to $1,510. While condos/townhomes are only taking 199 days to sell compared to 237 last year, the total number of sold properties was down 26% from 167 to 123.
Snowmass
The total number of sold properties increased 42.6% from 94 to 134, total sales volume rose 15% from $88,715,417 to $102,354,829, while average sold price declined 18% from $933,846 to $763,842. Selllers are receiving 93.6% of their list price vs.89.3% and properties are selling almost twice as fast from 395 days on market to 233.
ASPEN/SNOWMASS CALENDAR OF EVENTS
THE NEW ASPEN SNOWMASS MOBILE APP
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Download it Today
Earn rewards and start tracking/earning today and receive:
$10 food and beverage credit at any on-mountain restaurant
$20 off logo wear at any Four Mountain Sports
$25 off any ski or snowboard lesson