Posted on March 16, 2018 by Chris Klug
Happy Friday from Aspen! We got a little more spring snow last night with more in the forecast for Sunday. March is a great time of year in Aspen for many fun spring events. Kick of the weekend tonight with sunset skiing on Aspen Mountain followed by a party under the stars at the Sundeck. Click here for more details. If you want to continue your Friday night, G. Love and Special Sauce are playing at Belly up. Tickets are $35 for general admission and $65 for reserved seating. Doors open at 9:00 PM. For a more relaxing experience on Saturday morning, check out Morning Meditation at O2 Aspen at their new location at 408 S. Mill Street. On Saturday evening, Bumps restaurant at the base of Buttermilk Mountain hosts their annual St. Patrick’s Day dinner, which benefits the charity assistance fund for the needy in the Roaring Fork Valley. Enjoy traditional Irish cuisine and live Irish music by The Crowlin Feries. On Sunday check out Clicquot in the Snow on the patio at Ajax Tavern. This fun spring party offers the perfect place to apres-ski with locals and visitors alike.
Check out my exclusive listing below at 633 W. Francis Street in Aspen’s West End. Traditional meets contemporary in this home located on a 6,018 sq. ft. corner lot. Enjoy Aspen and Shadow Mountain views from the south facing walkout living room deck. Every room connects to the outdoors with almost 1,000 sq. ft. of decks and patios. An architectural glass elevator accesses all levels. The completely renovated main level master features an open layout with a TV lounge area warmed by a gas fireplace. Calcutta gold marble adorns the master bath with steam shower and dual vanities. It is just a few blocks to the Aspen Institute and the Benedict Music Tent. You can't beat the quality and location of this home! www.633WestFrancis.com
Posted on December 16, 2016 by Chris Klug
Happy Friday from Aspen! It’s snowing hard outside and expected to continue all day. Bring it on! I’m hoping for a white Christmas! I wanted to share some of great events going on this weekend! The Aspen World Snow Polo Championships take place this weekend at Rio Grande Park. The tournament is one of the most prestigious snow polo events in the world and attracts top players from around the country. Polo enthusiast from around the world as well as the local Roaring Fork Valley fans will be participating. For more information click here. This Saturday, the St. Regis is hosting their Annual Tree Lighting Ceremony between 5-7p.m. This is the third leg in the local tree lighting circuit. Sardy House and Little Nell were both big hits the past two weekends. The hot cocoa at Little Nell’s tree lighting was among the best. With a three and a five-year-old I don’t miss local tree lightings and cookie and cocoa opportunities. I’m hosting open house today, Friday, December 16th from 2-4 p.m. at 1096 Waters Avenue, a spectacular contemporary downtown Aspen dream home. Have a wonderful weekend! Keep doing your snow dance. Happy holidays ahead!
Please Join us for an Open House TODAY Friday December 16th | 2-4 PM
4 bedrooms \ 4.5 bathrooms \ 2,435 livable, heated sq. ft.
Posted on December 4, 2015 by Chris Klug
It has been a busy fall season for real estate activity in Aspen. Numbers are up across the board in the Roaring Fork Valley Real Estate Market. The Aspen downtown core, Red Mountain and the West End continue to drive our local market. We’ve seen ten core condo sales in 2015 above $2,000 a sq. ft., one at Aspen Square Hotel. The Aspen Core Penthouse, behind Boogies, sold last month for 25 million, about $3,000 a sq. ft. for an unfinished 8,000 sq. ft. white box., which will probably take another 8-10 million to finish. Aspen Core Penthouse joins The Motherlode Penthouse and Aspen Muse Penthouse next to the 50 million dollar Aspen Art Museum as the three $3,000 plus sq. ft. sales the past year. Focusing on the downtown Aspen core condo market we have seen an increase in the number of transactions from 91 last year through November 2014 to 99 this year for the same time period. Sold dollar volume of core condos has increased from 198 million to 208 million this year. Average sold price decreased slightly from $2,172,416 in 2014 to $2,098,338. Average sold price per sq. ft. went up from $1,332 to $1,391. Average days on market decreased from 235 days to 226 days.
At Aspen Square specifically we have seen three sales in 2015: 214, 135 and 119. Average sold price per sq. ft. of the three sales in 2015 was $1,865.93. Average sold price per sq. ft. of all 2014 and 2015 sales was $1,626.01. I closed December 2 on studio unit 214 for $700,000, which was listed for $749,000. Sale/list price was about 93.5%. There are currently four active studio listings at Aspen Square today:
- Unit 215 - $715,000
- Unit 224 - $749,000
- Unit 313 - $949,000
- Unit 309 - $1,125,000
I anticipate a busy winter selling season ahead. My business has nearly doubled from last year. There’s a premium for downtown core A+ locations with good light, views and newer contemporary finishes. Interest and showing traffic for studios is increasing with strong rental history, and the best location and amenities in town. There is a lot of demand for one and two-bedroom Aspen Square opportunities, but no inventory today. The Gant has seen a lot of sales activity in 2015 with eleven condo sales trading on average at $1,241 sold price per sq. ft. There are currently eight active listings at The Gant today with an absorption rate of about nine months. Overall inventory for core condos is slightly down from 120 last year to 115 today. Pending inventory of downtown condos is slightly down from 26 last November to 23 this November 30, 2015. I think we will see a strong finish to 2015 and a busy winter season ahead with less product and higher prices. Call or email anytime for complete monthly market numbers. Visit my weekly blog at www.klugproperties.com/blog for weekly news and happenings in our valley.
Posted on August 21, 2015 by Mary Kate
Happy Friday from Aspen! The weather rules this week. We're getting a little smoke from the West Coast forest fires, but otherwise it's another beautiful day in the Roaring Fork Valley. We had so much fun hosting Stage 3 & 4 of the USA Pro Cycling Challenge bike race here in Aspen. Congrats to Kiel Reijnen and Team UHC for repeating in Aspen. I climbed up Independence Pass yesterday morning to cheer the racers over the top. It was such a fun scene up there and no cars. I loved seeing so many friends out on their bikes. It's so impressive the racers go to the top in an hour.
I wanted to give you a brief update on the week in Aspen Real Estate:
Three properties closed in Aspen this week. The highest sale was, 110-116 Difficult Lane, it closed for $10.5 million. 1430 Crystal Lake Road closed for $2.4 million and Unit #214 at Hunter Creek closed for $513,000. 120 Red Mountain Road, listed by Aspen Snowmass Sotheby's International Realty, went under contract yesterday. The property is listed for $8,900,000, $2,145 list per per sq. ft. This is another Starwood Ventures Friedland project with a new contemporary Kim Raymond design overlooking Hunter Creek. 1419 Crystal Lake Road, listed by Weaver & Briscoe, the former Butera property, also went under contract this week. The property is listed for $13,000,000, $1,629 list price per sq. ft. Great river setting, but new owner will have to endure the new Aspen Club Living development the next few years, but in the end will have a brand new sixty million athletic club across the river. There are currently 51 properties under contract in Aspen compared to 38 in Basalt and 20 in Snowmass. 354 properties are listed in Aspen today with 65 priced over ten million. The summer has been a little slower, but sales will pick up in September and October and I think we will still have a strong finish to the summer selling season. I am ready for it!
Open House at Timber Ridge 1-E
I am hosting an open house today, August 21st from 3-5 pm at Timber Ridge 1-E located in the Aspen Core. This is a 680 SF, one bedroom/one bathroom condo located at the base of lift 1-A. Click here to check it. Can't wait to see you there!
Have a great weekend. If you would like a complete market report please call or email anytime. I am an expert on the Roaring Fork Real Estate market and am ready to help you. Enjoy your weekend.
Posted on August 14, 2015 by Mary Kate
Aspen is still in full summer swing, hotels are at 100% occupancy with visitors and adventurers here to enjoy the outdoors as well as music, art and activities. We’ve had lots of sunshine and perfect temperatures this week. I have been taking advantage of the summer by hosting many open house luncheons and lots of showings. Showing activity has really ramped up the past two weeks. This week was the busiest week of summer for me in terms of showings. I am excited to share an awesome new listing that I just launched, Timber Ridge 1-E.
We’ve had a strong start to August sales with another nearly $3,000 a sq. ft. sale at 250 Willoughby Way, a 9,196 sq. ft. brand new contemporary home on Red Mountain that traded this week for $26,723,833, $2,906 sold price per sq. ft and it’s uncompleted. 150 Difficult Lane also closed this week in Morningstar for 10.6 million, just over $2,000 a sq. ft. This was one of my favorite homes, a beautiful contemporary Zone 4 designed home on 2.25 acres overlooking the Roaring Fork River and Difficult wetlands with east facing views of Sunshine and New York Peaks. Here’s a look at August real estate activity in Aspen Snowmass and upcoming events. I listed this week Unit 1-E at Timber Ridge; I’ve already had a few great showings and a very busy open house. A complete Rowland + Broughton contemporary remodel was done to this spacious one-bedroom Aspen Condominium. I love the clever use of space - a Rowland + Broughton signature characteristic. It’s located at the base of South Aspen Street with easy ski access to Lift 1A – home of World Cup Ski Racing in Aspen, and the 2017 World Cup Finals. This 680 sq. ft. condo has bamboo flooring throughout, and Carrera Marble countertops and cherry cabinetry finishes in the kitchen. It’s sold furnished with modern Room and Board appointments. Low HOA dues, strong rental history with no short-term restrictions, and pets allowed for owners make this a versatile property that’s walking distance to everything Aspen.
Tomorrow I am racing in my sixth Leadville Trail 100 MTB Race. I’m proud to be racing with seventeen teammates in support of Chris Klug Foundation and organ and tissue donation awareness. We are raising funds and awareness to help the 123,000 people awaiting a life-saving transplant across our country today. I’m still doing some last minute fund raising if you want to support Team CKF, https://www.crowdrise.com/2015Leadville100MTBTeamCKF/fundraiser/chrisklug
My goal is to break eight hours and show the world what’s possible after a liver transplant. I celebrated fifteen years last week since my liver transplant at University Hospital in Denver. Tomorrow I race in honor of my donor family and to show the world what’s possible after a transplant.
The Ride for the Cure is also happening in Aspen tomorrow which tours some of the road biking classics in Aspen: Maroon Bells, Castle Creek, Owl Creek, Snowmass Creek and Capital Creek and back over McLain Flats. It’s a great ride for a good cause. The USA Pro Challenge returns to Aspen next week. On Wednesday, August 19th cyclist ride from Copper Mountain over Independence Pass finishing in downtown Aspen. Don’t plan any downtown Aspen showings that day because town will be shut down for a giant cycling party. Thursday racers head back over the pass out of town. Next weekend is the final weekend of the Aspen Music Festival. Throwing a blanket on the outside lawn with my family and enjoying a drink is a favorite summertime tradition. Also I’d recommend checking out the new Hummingbird mountain bike trail in Hunter Creek Valley. The wildflowers are beautiful in the high country now too. Have a fun weekend. Call or email anytime if I can be of help in anyway. Enjoy the rest of your summer!
Posted on July 17, 2015 by Mary Kate
Happy Friday! The weekend is supposed to be warm, sunny and beautiful so get out outside and enjoy it! Take a look at some of the events going on over the weekend.
Le Freak Lounge Summer Benefit for Jazz Aspen Snowmass Music Education and Performing Programming starts at 6 pm tonight, Friday July 17. Buy your tickets here! DeVotchKa is playing at BellyUp Aspen tonight, Friday, July 17 at 8 pm. Click here for tickets! Aspen Santa Fe Ballet has a performance tomorrow, July 18, 2015 at 8 pm. Click here for tickets. The Aspen Music Festival has plenty of performances at the Benedict Tent this weekend. Click here to view the calendar of events.
Let's look at what's going on with the Aspen Snowmass Real Estate Market. It continues to be hot! Forty-one properties are currently under contract in Aspen, with an average list price per sq. ft. of $1,508. Two properties closed in Aspen this week. 1300 Red Butte Drive, listed by Aspen Snowmass Sotheby's International Realty, sold yesterday for $6,500,000, $1,286 sold price per sq. ft. 205 South Galena Street #13 sold for $2,375,000, $3,321 sold price per sq. ft. Another Penthouse, 623 E. Hopkins Avenue, went under contract and sold for $8,301,500 before hitting the Aspen MLS. Six properties have closed in Aspen this July, with an average sold price of $5,247,917 and an average sold price per sq. ft. of $1,581. The average sold price per sq. ft. has consistently been increasing every month since the beginning of 2015. Snowmass has also been seeing more action. Two properties closed over $7,000,000 in Snowmass last week. 849 Serviceberry Lane closed for $7,200,000, $1,387 sold price per sq. ft. 511 Edgewood Lane closed for $12,000,000, $2,424 sold price per sq. ft. This is the highest sold price per sq. ft. in the history of Snowmass Village. The Aspen Market is really strong and we're seeing more activity in Snowmass Village.
I am excited to announce a great new listing at Smuggler Park! 321 Oak Lane is listed for $849,000. The spacious home has five bedrooms, three bathrooms, a laundry room, lots of natural light and south facing views of Aspen Mountain. Aspen School District, low HOA's, and an easy walk or ride to everything in Aspen are a few of the advantages of this single-family Smuggler Park home. You can't find a better deal anywhere in Aspen. Call me if you are interested. The property is getting lots of interest.
Please contact me if you would like my receive my monthly Aspen Real Estate Market Reports. I am an expert on the market and would love to share my knowledge with you. Have an awesome weekend! Thanks for checking in.
Posted on July 10, 2015 by Mary Kate
Two properties over ten million dollars closed within the last two days in Aspen and Snowmass. 1110 E Waters Avenue located in the Aspen core closed for $11,000,000, $1,515 sold price per square foot. 511 Edgewood Lane located in Snowmass Village off of Wood Run closed for $12,000,000, $2,424 sold price per sq. ft. This is the highest sold price per square foot in the history of Snowmass Village! Fourteen properties priced over ten million dollars have sold since the beginning of 2015. 991 Moore Drive, listed for $16,950,000, $1,695 list price per sq. ft., by Aspen Snowmass Sotheby's International Realty just went under contract located in Five Trees. The Aspen Real Estate market is hot!
We are in full summer swing here in Aspen! Town is packed and there is plenty of fun activities and events to see and do. Saturday Market starts tomorrow morning at 8 am - 3 pm in downtown Aspen. Check out local artwork, crafts, jewelry and food. Hike up the Ute Trail to the top of Aspen Mountain and enjoy free live classical music on Saturday or free live bluegrass on Sunday 12-3 pm both days. Country Folk Legend John Prine plays Belly Up tonight, Friday, July 10th at 8:00 pm. The Aspen Chamber Symphony is playing at the Benedict tent tonight at 7:30 pm as well. A recital by Tacaks Quartet is playing on Sunday, July 12 at 8:00 pm. Click here for more information about the Aspen Music Festival!
Have a fun and safe weekend. Happy Living Aspen!
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.
Check out my full report below. Please call me for questions. I am here full time and ready to help you!
Click here to view the 2nd Quarter Marketing Report!
Happy Fourth of July!
Posted on June 12, 2015 by Chris Klug
Summer has finally arrived in Aspen. After a rainy and cold off-season we are happy to see blue skies, warm weather and bright greenery everywhere! Mammoth Festival Weekend starts today. Enjoy local homemade chilis, brews and live music by Greensky Bluegrass, Donovan Frankenreiter & Tedeschi Trucks Band. This weekend kicks off the Summer in Aspen/Snowmass!
Let’s take a quick look at May's real estate activity. Properties in the downtown Aspen core are currently trading at $1,422 sold price per sq. ft. compared to $1,301 sold price per sq. ft. year to date in 2014. East Aspen sales are up in 2015. Nine properties have sold in 2015 at $1,006 sold price per sq. ft compared to five properties, $891 sold price per sq. ft. in 2014. 2015 sales volume in Aspen is down slightly from $382,767,000 compared to $385,325,592 in 2014. There have been 115 transactions in Aspen since the beginning of the year. Aspen is looking strong!
May was a busy real estate month for me. I closed on unit J-201 at The Gant today for $989,000. I was also proud to represent the buyer and seller of a three bedroom top floor core unit at Aspen Square in May. The unit sold for $2,050,000. No one has done more activity at both Aspen Square and The Gant the past year than me; I’m an expert on the downtown condo hotel market. I’m excited to announce two great new Aspen Square studio listings, #201 and #224. I closed 89 Ardmore Court for $2,335,000 located in East Aspen, I was happy to represent the seller. I am currently ranked top ten in the Roaring Fork Valley for Real Estate sales, with over $23,000,000 sales. Call or email me with questions; I’m here full-time and ready to help you. Have a great weekend!
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!