Spring into Action
Spring is about new beginnings, starting fresh, blossoming, etcetera. And for me it is also the start of another trail running season. I wasn’t much of a runner until I moved to Aspen, then I discovered sanctuary in the Aspen trails. From the relentless pace of my previous business to the demanding schedule of real estate, getting out for a run is an amazing escape for the mind, body and soul. I also love the intrinsic and personal challenge that running is. It’s not about your gear, although shoes are important, its really about your physical and mental strength. Every time I head out for a run I know I will face some kind of challenge. Whether it’s getting out the door because it is snowing again in May, enduring the heat on Smuggler in the heart of July, self doubt on a longer mountain run, or a physical ailment like knee or back pain, a challenge to endure is always out there. Running is also a great analogy for life, and despite those setbacks, every outing is a building block for a greater goal.
With that said, we are seeing the real estate market warm up steadily. In addition to a few record-breaking closings this spring, buyer activity is outpacing new listings. In Aspen alone there are 146 residential listings currently on the market, down from 172 a month ago. While a limited few properties have been pulled off the market to likely come back on the market for the summer, 30 properties have gone under contract or closed since April 1st, at an average of $14,435,000. These statistics include the record breaking $108,000,000 sale as well as a $77,000,000 and a $59,000,000 sale posted this past month. I expect the total number of listings to pop back up in the coming weeks as our summer season truly kicks off.
In Snowmass Village there are a staggering 118 residential properties for sale, only 17 are single family homes where 96 are condos or townhomes. Of the Condo/Townhome listings, the average list price is $4,282,391 or $2,588 per square foot. Snowmass remains a great alternative and significant discount to Aspen condos and townhomes where the current 50 core listings average over $5,500,000 and an average price per square foot of $3,600. (*These statistics exclude 3 listings I consider outliers with prices ranging from $28,500,000 to $65,000,000)
In addition, off market properties continue to play a significant role in our area. My personal network coupled with Aspen Snowmass Sotheby’s International Realty’s dominance throughout the valley ensures that I have the network and access to the best properties on and off the market.
What I’m looking forward to: Warmer Temps, Trail Running & Golf Season!
I am leading a weekly community fun run around Aspen. Join me every Wednesday starting at Lululemon’s Aspen store at 5:30 for a relaxed and approachable jog around Aspen. 30 minutes, or 3 miles and open to anyone/everyone.
Property Value Assessment: Are you curious about what your Roaring Fork Valley property is worth today? Let me provide you with a complimentary analysis of your home’s current market value. Call me today!
