Posted on March 15, 2019 by Chris Klug
Even though it may not look like it, spring is here. It feels like today is the first day of springtime! In the days ahead we will have more back-to-back sunny days than we have had all winter, allowing some of the feet of snow we’ve received the past weeks to start the melting process. While the skiing and snowboarding has been fantastic, I am excited for some Colorado blue bird sunny days ahead. I have a feeling this spring will be similar to that of 2016, when the snow stuck around so long that Aspen Mountain was reopened in June. Aspen Skiing Company announced today that Aspen Highlands will remain open for two bonus weekends April 19-21 and April 26-28. All this snow means a huge spring runoff and hopefully decreased wildfire danger this summer. The fly fishing and boating are going to be great this summer. Get ready for better rafting conditions, cooler mornings, and sitting around campfires again this spring and summer. For most people in Aspen, spring is our secret season. Off season will set in once the lifts close in late April. Springtime and off-season provides front row parking and dining at restaurants that have been crowded all winter, and skiing bluebird days in one layer. With Easter Weekend late this year the lift access spring skiing season is extended until April 21 and possibly beyond with the huge winter we’ve had. Aspen Snowmass received over eight feet of new snow in March alone. The down valley mountain biking trails will dry out again soon and be ready for some fun riding. Get ready for lower hotel rates, closing day parties, and spring skiing and boarding. The calm before the preverbal summer storm of activity is approaching. Enjoy it!
Posted on March 1, 2019 by Chris Klug
The snow is coming down hard in Aspen Snowmass today! I am excited to share a few of my March top picks for best real estate deals in Aspen and Snowmass. 71 Pitkin Way is a great lot opportunity on lower Red Mountain, sold with CCY plans to build and 8,600 square foot home. Permits ready to pick up and break ground, saving a buyer about two years of designing, planning and approvals. 50 Pine Lane, listed by Coldwell Banker Mason Morse, is a fantastic ski property at the top of Wood Run. 174 Twining Flats is also one of my favorite riverfront properties. This 2.6 acre lot to include the plans from KA DesignWorks for for a 4-bedroom, 4.5-bath, 4,245 sq. ft. residence with a 923 sq. ft. 3-car garage and detached barn. For a few ski-in/ski-out condo opportunities, check out 130 Wood Road Unit 341, Unit 716 and Unit 506.
Please call or email anytime if I can be of help. I study the market every day. I'm here full-time, ready to help you. It's going to be a great spring season ahead with more powder days to come! Have a fun weekend. I hope to see you out racing the Power of Four!
Posted on February 27, 2019 by Chris Klug
February is coming to a close and spring is right around the corner, even though it definitely doesn’t yet feel like it. This week there is an awesome lineup of musical performances around town. At the Belly up, catch performances by awarding winning DJ DEADMAU5 (Joel Zimmerman), who will be preforming Thursday night, and Matoma, who will be preforming tonight. A winter performance by pianist Marc-Andre Hemelin will take place at the music tent on Thursday night. Don’t miss Ola Onabule on Friday and Saturday night at the JAS Café at The Little Nell. As always, there will also be historic pub crawls, ski tours, and Hotel Jerome tours. More snow is expected this weekend in Aspen Snowmass, which should make for an interesting Power of Four SkiMo Race on Saturday morning. Cheer on the competitors as they skin and descend 24 miles over 10,000 vertical feet from Snowmass Village to the Base of Aspen Mountain. Recreational and cultural opportunities abound this weekend in Aspen Snowmass. Enjoy the final days of February!
Photo Credit: Aspen Skiing Company
Posted on January 18, 2019 by Chris Klug
Posted on January 11, 2019 by Chris Klug
Happy 2019 Wintersköl from Aspen! The 68th Annual Wintersköl takes place January 10-13, 2019. This is an incredible community event with fun activities for kids and adults. Get excited for snow sculptures, a bonfire at Wagner Park, music, fireworks, an evening torchlight descent on Aspen Mountain, and much more! Check out the full Schedule of Events Here. I hope to see you around Aspen this weekend at all the great events.
Posted on July 21, 2016 by Chris Klug
Aspen is an adventurous place with incredible surroundings and an active community. Our alpine community is chock-full of wilderness, world class hiking, and biking. However, every so often you need some motivation for that last trek up the mountain or push up the hill. If conveniently placed, local taverns and restaurants can be the perfect source of that motivation. Here are a few hideaways to help you earn that greasy burger and ice-cold brew.
Hike to the top of Aspen Mountain. Take switchbacks or the steep face up to find incredible views, giant chess, frisbee golf, ping-pong, and the famous Sundeck. Feed camp robber birds french fries from your hand, while surrounded by a beautiful mountainous view. It is a somewhat challenging hike that can take up to 3 hours, but the spectacular views, games, cold drinks, music and good food make it worthwhile. Don't miss live music on the weekends.
For the cyclists, there is a simple ride to the Woody Creek Tavern. A bar made famous by the legendary local writer Hunter S. Thompson, and his mad run for Mayor of Aspen. It is a simple casual ride that is about 4 miles down the Rio Grand Trail. Today, the restaurant offers a mix of American and Mexican influenced dishes and is ideal for an icy margarita on a sunny day.
Lastly for those looking for a challenge, consider riding the distance to the Pine Creek Cook House at Ashcroft. A stunning mountain dining experience complete with spectacular views of the Elk Mountain Ridge, and gourmet lunches and dinners.
Enjoy our beautiful summer while it lasts and take advantage of the plethora of outdoor activities, refreshing drinks, and fantastic food.
Posted on July 11, 2016 by Carson Campbell
Aspen in July is stunning. The sun is always shining over the clear blue skies and lush green mountains. The valley is sprawled with tall white aspen trees and beautiful wild flowers. Although lovely, the high elevation can make for a powerful sun that can get pretty warm in late afternoons. Here are some fun activities to stay cool this summer.
Aspen's punch bowl (seen below) is just a short ways up Independence Pass. It is a spot along the Roaring Fork River where the water slows and swells below smooth towering rocks. The punch bowl is a local secret on account of its dangerous features. It may be an intimidating drop to some cold water below, but it is safe as long as you avoid the one perfectly visible rock near the center.
Just slightly down the road, you can find a massive rope swing into a deep swimming pool. The rope can be a bit tricky, and most people might prefer just to enjoy the swimming. If you want to try the swing be sure to choke up on the rope as high as possible and let go over the deep water below.
Even closer to town and along the same road, Stillwater is a perfect place to bring rafts or SUP’s and float along the river. The Roaring Fork River meanders through North Star Preserve. A wooden bridge above the slow moving water is a perfect place to launch off on your floating adventure.
Lastly, in central downtown, the Mill Street Mall Fountain is a popular way for kids to cool off on a warm summer’s day. The game is to balance balloons on the tall pillars of water. Running through the fountain avoiding the shooting beams as they randomly spray out of the ground is a favorite. Kids love it, and parents love relaxing as they watch their kids tire themselves out even more. Get out and explore our amazing valley. There are plenty of fun secretes to discover. Go enjoy the warm weather, and stay cool doing it.
Posted on July 2, 2015 by Mary Kate
Happy 4th of July from Aspen! The weather is perfect and town is packed. We love it! There are a ton of fun events going on this weekend. Have a safe and fun-filled weekend! Happy birthday U.S.A.
We are already half way through 2015. Here is a brief overview of the Aspen real estate market.Properties in the Aspen core are currently trading at $1,410 price per sq. ft. with an average sold price at $2,567,333. In 2014, Aspen core properties were trading at $1,299 price per sq. ft. with an average sold price at $2,832,244. 2015 Aspen sold volume is up at $440,317,800 compared to $420,187,092 in 2014. The number of transactions in 2015 is up at 132 compared to 116 in 2014. Snowmass properties are currently trading at $779 price per sq. ft. compared to $666 in 2014. The Snowmass average sold price in 2015 is $1,692,867 compared to $1,265,906 in 2014. In 2015, there have been 73 transactions compared to 80 in 2014. Properties are trading at a higher price per sq. ft., and sold volume is up. Inventory overall is down about 9.28% in Aspen through the last day of May 2015 compared to May 2014. In Snowmass and Basalt inventory is up about 3.5% and about 20% in Basalt. Overall pending sales have increased almost 40% today versus June 2014 in Aspen, about the same in Snowmass and twice as many sales pending in Basalt compared to May 2014. I expect inventory to continue to decrease and prices to rise through 2015.
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Happy Fourth of July!
Posted on May 7, 2015 by Chris Klug
Happy off-season from Aspen! Town has slowed down, but real estate is still booming. Let’s look at the comparison from 2007 to 2015 year-to-date.
The downtown core is trading at $1,452 sold price per sq. ft. YTD compared to $1,267 sold price per sq. ft. in 2014 and $1,370 in 2007. I was proud to sell one of the nicest two-bedroom units at The Gant last week, B-202, for $1,600,000. There are currently three condos under contract at The Gant today including my J-201 listing. No one has done more activity at both The Gant and Aspen Square the past year than me; I’m an expert on the downtown Aspen condo hotel market. With inventory of all property types down almost 20% in Aspen through April ’14 I anticipate higher prices ahead this summer. 90 Sagebrush Drive Lane in Brush Creek sold last month for $1,950,000, $462 sold price per sq. ft. This is the first sale in Brush Creek Village since October ’14. Basalt is also picking up in 2015. Thirty-seven properties have sold in 2015 compared to 22 in 2014. Basalt’s average sold price in 2015 is $1,036,814 compared to $825,295 in ’14, and average sold price per sq. ft. is $313 compared to $428 in ’14. Inventory is actually up in Snowmass Village about 12% and 34% in Basalt compared to April ’14.
Even though it is off-season, there are a ton of events going on. Don’t miss the 21st annual Ride for the Pass next Saturday, May 16th. Check out our favorite local band, Jes Crew playing tonight, May 7 at Belly Up. It’s Free! The biking & running trails are starting to clear up so get out there on the trails! Call or email anytime with questions. Have a great weekend!
Posted on April 24, 2015 by Chris Klug
Happy Friday! It is a wet, snowy, cold April day in the mountains. We aren’t complaining because we need the precipitation and it is a perfect excuse to check out the 5-point Film Festival held in Carbondale this weekend. There are plenty of activities and films to see for everyone. If you are a yogi or cyclist you are in luck because inspirational athlete and coach, Ed Harold is teaching a class, “Train as a Mind Body Athlete,” at The Aspen Club & Spa all day Saturday, April 25. Learn new breathing habits for high altitude training and get a leg-up on your competition. Try something new at this awesome class. Check it out!
Let’s take a look at April’s real estate numbers! The Aspen Real Estate Market in April continues to be strong with twenty-two properties sold in Aspen since the beginning of April. Let’s do a comparison of April 2014 to April 2015 Aspen sales: twenty-one properties have sold since the beginning of April ’14. The average sold price per sq. ft. in Aspen increased from $1,193 in April ’14 to $1,302 in April ’15. The average sold price decreased slightly from $4,077,862 in April ’14 to $4,035,000 in April ’15. YTD sold volume has increased from $211,278,592 with sixty-eight sales in April ’14 to $297,788,50 with seventy-seven sales in April ’15.
The highest sale was listed by Aspen Snowmass Sotheby’s International Realty which sold on April 20, 2015 for 17,250,000, $2,048 sold price per sq. ft. The second highest sale was 1470 Red Butte Drive, also listed by Aspen Snowmass Sotheby’s International Realty, which sold for $11,400,000, $1,687 sold price per sq. ft. I was proud to close top floor, two-bedroom unit B-202 at The Gant today for $1,600,000. It’s the nicest two-bedroom at The Gant with spectacular contemporary finishes and great views of Aspen Mountain overlooking the main pool courtyard. I also have two-bedroom, two-bathroom unit J-201 under contract.
I was in Chicago earlier this week for a Sotheby’s International Realty Global Partners event to share ideas and build relationships with the top brokers in our network around the country. It was a great opportunity to network and discuss trends in our respective markets. We talked about the impact of a strengthening dollar and changes in international currencies affecting our business, the shortage of inventory in metropolitan markets, the influx of Chinese buyers in the Pacific Northwest, and technology improvements to provide better service to our clients. It was a valuable experience to strengthen my worldwide referral network. We are an international company. I have relationships with the top Sotheby’s brokers around the world and can help facilitate my clients real estate goals around the world.
Let me know if you would like more information on the Aspen Real Estate Market, I study the market everyday! Enjoy the activities in Aspen this weekend. Happy off-season! Thanks for visiting my Klug Properties blog page.