We Have Seen a Couple Sales in the High-end Sales. What Does That Mean for the Market?

A difficult economy does not change the fact that Aspen is one of the most desirable places to be. Always has been and always will be.

- Matt Holstein, Associate Broker

What's Happening with the Value of Luxury Homes in Aspen?

Sellers are holding strong. There are much fewer sales, but sales prices have not dropped significantly.

- Matt Holstein, Associate Broker

Luxury homes used to be relegated to specific neighborhoods, like Red Mountain, 1010 Ute, Starwood, Wildcat, etc. In the last couple of years, they have started popping up in many other areas, some as part of a larger development of a new area, like Highlands and Tiehack, but many as isolated outposts in formerly unassuming neighborhoods. Some recent example include Eastwood, Lower River Road, and Smuggler. These additions are clearly pushing the values of the surrounding homes up.

- Tom Leddy, Associate Broker

Are Foreclosure Properties Available in Aspen?

It is worth following up on what is happening in the area. There are a number of properties that are in foreclosure in the Roaring Fork Valley and these owners are very motivated to make deals before the sale date by the public trustee. I have seen few properties go all the way to the public sale but I have seen Sellers (with the cooperation of their Lenders) work out a way to their sell properties. Selling prices are often very good.

- Dale Potvin, Broker/Owner

Food, Wine and Real Estate - How should you spend your money in Aspen this summer?

After drinking some fine wine and enjoying the local fare at one of Aspen’s better restaurants, coming home to our own Aspen digs is part of the “lifestyle” that makes this the place to live. When you own in Aspen your suitcase stays in the closet and your toothbrush never has to leave town. In today’s world every business and every trade is trying to improve the experience, the service and the value. This is also true of most Sellers of Aspen real estate. The savvy property owners should be offering extra ordinary value in their pricing and the service you receive should create a smooth enjoyable experience giving you more time for fine food and wine and the great outdoors.

- Dale Potvin, Owner Broker

Why spend your money on food and wine, a temporary indulgence, when Aspen real estate, a lifelong indulgence, is on sale for the first time ever?

- Matt Holstein, Associate Broker

"The Trilogy" -- food and wine lovers, bike enthusiasts, music junkies. What other small town offers 3 in 1 on the same weekend -- there's no place like Aspen! Not to mention the spectators watching this upcoming circus weekend.

- Lynne Cantrell, Associate Broker

Summer buyers are arriving. Want to sell your property?

By now, if you are a Seller you should have gotten the message. If you are over priced you are not going to have any results. Take time right now as the summer selling season arrives to analyze your “true” market value in today’s market. Trying to sell real estate in denial of current economic conditions just won’t work. The “low flying angels” that will over pay have all been reading the national news. Get real and get results!

- Dale Potvin, Owner/Broker

Buyers are arriving, but they are price conscious. If you want to sell this summer, you have to price your property aggressively, and market that aspect of it. Show them why it is a good deal and why they should buy now. Interest rates are only going to go up from here as the Fed battles inflation; the economy is showing signs of recovery, etc.

- Matt Holstein, Associate Broker

Rising property taxes…substantial affect on the Real Estate Market?

I don’t see the tax increase affecting the market too much. Our property taxes are still low compared to most markets, and with values flat for the time being, buyers can expect taxes to stay flat for at least a couple of years after purchasing.

- Matt Holstein, Associate Broker

What's Your Off-Season Strategy? Buy, Sell or Hold?

Buy, Buy, Buy! Sellers are negotiating big time!

- Matt Holstein, Associate Broker