The Aspen Buzz

Aspen Update – First Summer Letter!

It is truly breath taking after the long winter and spring!

And, we all know, as much as we love the skiing, summer here is the best – low humidity, cool nights, open the windows and sleep with your down comforter—in the summer!!!

There are enough activities to keep you busy all day long and all evening. Note just a sampling below!!

NEW RETAIL:

  • KateBaby: Located at 305 S. Mill behind Louis Vuitton, for more information please click http://katebaby.com/.
  • SQN Sport: Located at 406 S. Galena offering luxurious woman’s active wear made in the USA & based in Sun Valley, for more information please click http://sqnsport.com/.
  • Zema Lingerie: Expanded and relocated to 315 S. Galena, for more information please click http://zemalingerie.com/.
  • TLINS Shoes: A new women’s shoe boutique opening in June, located at 405 S. Hunter.
  • Kathryn Penn Fine Jewelry: Located at 520 E. Hyman, opening June 16th.
  • N.A. Noel Gallery: Located at 434 E. Cooper, art by Nancy Noel, for more information please click http://nanoel.com/.
  • M Salon: Relocated to 205 S. Mill next to Red Spa, for more information please click http://www.msalonaspen.com/.

NEW RESTAURANT:

  • Maru: Located at 320 S. Mill (formerly Takah Sushi) will be a new Asian style restaurant opening soon.

REAL ESTATE ACTIVITY: I think the craziest news is the almost 9,200 squre foot spec house on Willoughby Way at $34,995,000 is hard under contract. For the complete listing, please Click
to view listing(s).

NEW LISTINGS FOR SUMMER:

  • 386 Pfister Drive: A 9,046 square foot home on a 27,344 square foot lot available for $10,250,000, for the MLS detail Click
    to view listing(s).
  • 1118 E. Waters Avenue: A 5,829 square foot home ona 9,016 square foot lot, brand new build with elevator available for $12,847,000 furnished – not in the MLS yet.
  • 135 Miner’s Trail: A 8,182 square foot home on a 20,266 square foot lot that is due for completion in 2016 available for $26,000,000, for the MLS detail Click
    to view listing(s).

BEST VALUES:

  • 74 Pfister Drive #206 (Maroon Greens): A 3,788 square foot townhome on the Maroon Creek golf course available for $3,750,000, for the MLS detail Click
    to view listing(s).
  • 426 E. Main Street: Entire newly built 11,043 square foot building available for $10,995,000. Top floor – 2,203 square foot penthouse available separately for $6,495,000. Second floor – 3 employee units (income of $30,000/yr.). Main floor – 2,191 square foot dividable commercial space. Basement – storage and room for media + gym. for the MLS detail Click
    to view listing(s).
  • 400 W. Hopkins, Units 3, 4, & 8: A 5,140 square foot Penthouse, recently renovated down to the studs available for $11,299,000, for the MLS detail Click
    to view listing(s)
    . Priced $500 + less per square foot than the product directly in the core – just a few blocks away.
  • 1110 E. Waters Avenue: Going to auction July 16th. A 7,259 square foot home on a 16,296 square foot RIVER lot walking distance to town available for $12,950,000, for the MLS detail Click
    to view listing(s).

The upper end of the market just keeps going.

ACTIVITY BY PRICE POINT:

ASPEN SINGLE FAMILY HOMES SOLD BY DOLLAR VOLUME YTD 2015 vs. YTD 2014:
$0 – $2,000,000: 2 for $ 1,027,500 vs. 4 for $ 4,175,000
$2,000,001 – $4,000,000: 7 for $ 21,985,000 vs. 13 for $ 25,922,000
$4,000,001 – $6,000,000: 13 for $ 59,633,000 vs. 11 for $ 51,061,500
$6,000,001 – $8,000,000: 5 for $ 35,475,000 vs. 4 for $ 25,400,000
$8,000,001 – $10,000,000: 1 for $ 8,600,000 vs. 3 for $ 24,000,000
Over $10,000,001: 8 for $117,300,000 vs. 7 for $ 99,647,617
Total: 36 for $244,020,500 vs. 42 for $240,206,117

ASPEN CONDOS & TOWNHOMES SOLD BY DOLLAR VOLUME YTD 2015 vs. YTD 2014:

$0 – $2,000,000: 55 for $ 50,473,800 vs. 39 for $ 32,277,100
$2,000,001 – $4,000,000: 12 for $ 32,950,000 vs. 18 for $ 51,918,875
$4,000,001 – $6,000,000: 10 for $ 45,687,500 vs. 8 for $ 36,175,000
$6,000,001 – $8,000,000: 1 for $ 6,800,000 vs. 0 for $ 0
$8,000,001 – $10,000,000: 1 for $ 7,700,000 vs. 0 for $ 0
Over $10,000,001: 2 for $ 22,247,000 vs. 2 for $ 27,500,000
Total: 81 for $165,813,300 vs. 67 for $147,870,975

FLIGHTS INTO ASPEN: Summer schedule June 4th through August 17th with more flights during peak times such as Food & Wine and 4th of July.

  • American: Direct Aspen – Los Angeles (LAX): 1 flight daily.
    Direct Aspen – Dallas/Ft. Worth (DFW): 1 flight daily.
  • United: Direct Aspen – Chicago (ORD): 1 flight daily.
    Direct Aspen – Denver (DEN): Average of 9 flights daily.
    Direct Aspen – Houston (IAH): 1 flight daily.
    Direct Aspen – Los Angeles (LAX): 1 flight daily.

We can also help you with your Christmas rentals.

Looking forward to a fabulous summer!

Call or e-mail us soon to tell us your summer plans!

My best regards,

Lorrie B. Winnerman