Tuesday, June 2, 2009
Saturday, May 23, 2009
Monday, May 11, 2009
Aspen summer rentals..
- Have a summer aspen rental booked?
- Fish for trout from this private deck!
- then cook them on your Carrera marble gourmet kitchen
- 19 serene acres along Castle Creek
- 4bedrooms, 6baths
- 5 minutes to downtown Aspen
- rents weekly or monthly (10k/week, 35k/month)
- contact us for more beautiful photos and info on this property and others..
Monday, April 27, 2009
Most expensive zip code in the country (Forbes' latest list)
1. Aspen, CO, 81611: $6.5 million
2. Alpine, NJ, 07620: $4.7 million
3. Beverly Hills, CA, 90210: $4.04 million
4. Snowmass Village, CO, 81654: $3.99 million
5. Newport, CA, 92661: $3.9 million
read the full article from Luxist here.
It's no secret that Aspen commands high prices per square foot. So what does this mean? anything?
To compare zip codes' median home sales prices without the myriad other factors (population density, current sales, etc.) that affect this number. It only has significance as it relates to TIMING, and how an Aspen timing may be distinct from other luxury markets worldwide. When the aspen market makes a comback, it's not a three year swing, it's a 3 week swing. And while a "glut" of inventory may still exist in Aspen with some very motivated builders and sellers, the total inventory always remains small due to Aspen's extremely restrictive building codes, and Pitkin county's 96% open space.
In other words, Beverly Hills may "come back", posting big sales over the course of 6months, while Aspen's median home sales price can make the same comeback in a question of weeks. These stats are apples-oranges comparisons, and it's no wonder these rankings change as quickly as they do.. As the Luxist article mentions, Beverly hills has already recorded sales (in the $30million range) that will have it easily eclipsing Aspen's zip code #1 stat by the time the next list posts..
Stats can be very useful when analyzing a real estate market, but when we turn to "top 5 lists", it turns a tangible assett (real estate) into a stock as easily manipulated as the rest...
2. Alpine, NJ, 07620: $4.7 million
3. Beverly Hills, CA, 90210: $4.04 million
4. Snowmass Village, CO, 81654: $3.99 million
5. Newport, CA, 92661: $3.9 million
read the full article from Luxist here.
It's no secret that Aspen commands high prices per square foot. So what does this mean? anything?
To compare zip codes' median home sales prices without the myriad other factors (population density, current sales, etc.) that affect this number. It only has significance as it relates to TIMING, and how an Aspen timing may be distinct from other luxury markets worldwide. When the aspen market makes a comback, it's not a three year swing, it's a 3 week swing. And while a "glut" of inventory may still exist in Aspen with some very motivated builders and sellers, the total inventory always remains small due to Aspen's extremely restrictive building codes, and Pitkin county's 96% open space.
In other words, Beverly Hills may "come back", posting big sales over the course of 6months, while Aspen's median home sales price can make the same comeback in a question of weeks. These stats are apples-oranges comparisons, and it's no wonder these rankings change as quickly as they do.. As the Luxist article mentions, Beverly hills has already recorded sales (in the $30million range) that will have it easily eclipsing Aspen's zip code #1 stat by the time the next list posts..
Stats can be very useful when analyzing a real estate market, but when we turn to "top 5 lists", it turns a tangible assett (real estate) into a stock as easily manipulated as the rest...
Tuesday, April 7, 2009
40,000 square feet of hand-crafted limestone
Tuesday, March 31, 2009
John Denver's "Starwood in Aspen"
One of John Denver's greatest hits was called "Starwood in Aspen"
Why? Because he cherished his special neighborhood in his favorite town, Aspen. Starwood is Aspen's only gated community, yet retains a low key presence, and very private settings for all of its residents' homes. This home sits on 6 private acres, is 9,911 square feet, and includes:
- contemporary finishes throughout
- gourmet kitchen
- sauna and steam rooms
- fitness center
- 7 total bedrooms, 4 en-suite with fireplaces
- 4 stall, 6garage top of the line barn
- price just reduced from $15,950,000 to $10,888,000. woah!
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