The Aspen Buzz

The Aspen Buzz – February 2016

FEBRUARY 2016
Ka Pow! Three feet of snow in three days makes for amazing skiing conditions.

Big Snowfall Draws Big Numbers
Three feet of snow in three days brings epic skiing conditions

Dear Clients & Friends,
Can you say “three feet in three days?” Record-breaking storms in January dumped over 40″ of snow and the skiing conditions just keep getting better and better. The ski season is in full swing with one event after another bringing a huge number of visitors into Aspen, from the biggest holiday season in recent years to the massive crowds who packed into town for the X Games.
We’re just trying to catch our breath as we gear up for Presidents weekend. We’re expecting even more snow in March so book your trip to Aspen now! Please come see us and please let us know how we can help you. Always give us a call if you plan to be here–you know I would love to take a few runs with you!
My best regards,
Lorrie B. Winnerman
Broker/Owner
Lorrie B. Aspen Real Estate
600 E. Hopkins, Suite 305
Aspen, CO 81611
(970) 920-0020
C: (970) 618-7772
2016 X GAMES DRAWS RECORD CROWDS TO ASPEN
Going Big: ESPN X Games commits to stay in Aspen through 2019.
Record breaking crowds at this year’s X-Games
The largest-ever crowd attended the X-Games last Saturday at Buttermilk Mountain, bringing international publicity and major prime time coverage on ESPN as these so-called alternative sports become more and more mainstream. Love it or hate it, the X-Games have found a home in Aspen since 2002, and a deal was just announced to secure the venue through 2019. The Aspen Times reported few arrests and Pitkin County Sheriff’s office said the crowds were exceptionally well behaved, considering the numbers. It looks like all those high-flying skiers, snowboarders and snowmobilers are here to stay.
The Lorrie “Bee” Buzz
The inside line on Aspen Real Estate with best buys in every price range.
Lorrie B’s top market picks, based on location, price per square foot and move-in-ability:
ON FIRE: ASPEN CORE REAL ESTATE:
Another shocking Aspen Core Sale – Monarch on The Park, a 3,508 square foot penthouse listed just after the New Year for $15,000,000 closed at that price in thirty days ($4,276 per square foot), fully finished with “normal” deck space. If your own a core property, now is the time to cash in!
BEST BANG FOR YOUR BUCK:
One mile east, across from Aspen Club, you’ll find lovely property closer to $1,100-$1,300 per square foot.
Mountain Valley is still an incredible value at about $1,000 or less per square foot.
Go West! The near West End neighborhood shows sales of $1,500-$2,000 per square foot, which look like a real bargain compared to directly in the core.
Cross the river to the public golf course neighborhood off Cemetery Lane-another great family neighborhood-and find prices at $900 -$1,300 per square foot.
Maroon Creek is another great value. This is a stunning neighborhood with still some reasonable values!
Snowmass – great buys in Horse Ranch at $550-$875 per square foot compared to ski in/out at Two Creeks and The Pines at $998-$1,400 per square foot.
THE HOTTEST LISTINGS ON THE MARKET TODAY:
The Penthouse at 400 W. Hopkins: Brand new, 5 blocks to Restaurant Row – 5,140 square feet, $9,995,000 or $1,944.55 per square foot (compared to $4,200+). Really?!
511 Walnut Street – Fox Crossing: 4,986 square foot home, walking distance to downtown Aspen listed at $5,995,000 or $1,202.37 per square foot.
East of Town – Mountain Valley: Half duplex- exquisite finishes – 4,016 square foot listed at $4,200,000 = $1,045.82 per square foot. Quiet and private with views over the Preserve, yet only one mile from the center of Aspen.
74 Pfister, Unit 206: Maroon Creek Townhome – 3,788 square feet listed for $3,999,000 or $1,055.70 per square foot.
BUYERS: We have fair buys – especially compared to some of these crazy highs. Also, if you are willing to do a little updating, your buy becomes even better.
SELLERS: If you want the absolute best return, let us help you with staging and a little updating!
RENTALS: We are really almost sold out for summer so we are digging into “unlisted” properties. Please let us know now if you are not going to be here this summer so we can get you some “funny money!” And, if you decide to come, please do not wait any longer for us to help you!
Rob Ittner of The Aspen Cooking School
ASPEN RESTAURANT ROUNDUP
Restaurants new and old deliver “only in Aspen” dining experience
After much anticipation,The Kitchen is living up to the hype with rave reviews and praise for its interesting and diverse menu.
When Takah Sushi closed after 34 years, we all held our breath wondering who could possibly take its place but its locally owned and operated replacement Maru has done a great job with a creative and delicious spin on sushi. Aspen’s most popular tried and true restaurants are still going strong: L’Hostaria, Matsuhisa, Kenichi, Campo, Rustique and Pinions are always a sure thing. Ready for a fun night? The Cooking School of Aspen opens March 1 with an Opening Night Dinner Extravaganza and classes 4-5 days/week after that. Spice it Up with Susie Jimenez will be held March 17. How about a delicious, chef-prepared organic lunch for a fraction of the cost? Check out Mawa’s Kitchen at the Airport Business Center. Any of these venues are great places for your next party too!
FEBRUARY – APRIL: CAN’T MISS EVENTS

The S.T.E.A.M. Room by the Aspen Science Center opens at the Crystal Palace on Feb. 14th for both kids and adults to explore Science, Technology, Engineering, Art and Mathematics.
Aspen Laff Fest – Hooking up with Second City kicks off on Feb. 18- 20 with five shows.
Joey DeFrancesco plays on Feb. 18 & 19 at the JAS Café; Rene Marie and the Horowitz Trio play March 31 & April 1.
Don’t miss LeAnn Rimes at the Belly Up Feb. 26 or The Fab Four – The Ultimate Tribute playing at the Wheeler on March 4. An Evening of Broadway staring Susan Egan will play on March 6 at the Wheeler as well as Los Lonely Boys on March 29. Aspen Theatrical Fashion Show benefiting the Aspen Hope Center will be held at Belly Up on March 25. Kicking off the Aspen Santa Fe Ballet’s 20th Anniversary Season is Encore! at the District Theatre March 26. The U.S. Ski & Snowboard Hall of Fame’s Skiing History Week runs April 5 – 10 with the highlight being the Hall of Fame Induction Ceremony held April 9 at the St. Regis.
It’s All About The Numbers: The Real Estate Report
The market is pretty nuts right now …
ASPEN SINGLE FAMILY HOMES SOLD BY DOLLAR VOLUME YTD 2016 VS. YTD 2015:
$0 – $2,000,000: 1 for $ 740,000 vs. 1 for $ 507,500
$2,000,001 – $4,000,000: 0 for $ 0 vs. 3 for $ 9,400,000
$4,000,001 – $6,000,000: 1 for $ 4,500,000 vs. 3 for $13,850,000
$6,000,001 – $8,000,000: 0 for $ 0 vs. 1 for $ 6,500,000
$8,000,001 – $10,000,000: 1 for $ 8,000,000 vs. 0 for $ 0
Over $10,000,001: 0 for $ 0 vs. 4 for $51,675,000
Total: 3 for $13,240,000 vs. 12 for $81,932,500
ASPEN SINGLE FAMILY HOMES SOLD BY DOLLAR VOLUME YEAR END 2015 VS. YEAR END 2014:
$0 – $2,000,000: 3 for $ 1,777,500 vs. 10 for $ 9,305,000
$2,000,001 – $4,000,000: 19 for $ 58,325,644 vs. 25 for $ 73,152,000
$4,000,001 – $6,000,000: 15 for $ 69,467,500 vs. 22 for $104,315,500
$6,000,001 – $8,000,000: 17 for $113,470,000 vs. 22 for $146,797,000$8,000,001 – $10,000,000: 13 for $105,831,295 vs. 7 for $ 55,475,000
Over $10,000,001: 26 for $376,688,833 vs. 19 for $257,092,866
Total: 93 for $725,560,772 vs. 105 for $646,137,366
Contact
Lorrie B. Winnerman, Broker/Owner
600 East Hopkins, Suite 305
970-920-0020
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“The days you don’t ski, you don’t get back.”
— Klaus Obermeyer
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