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 August 4, 2016 by Chris Klug
After a slow first half of 2016 our town is full and buyers are looking. There's no better place to be this time of the year than Aspen Snowmass. Real estate activity really increased in July; I put almost fifteen million under contract the past weeks. There were a number of macro economic factors that sidelined buyers through the first two quarters of 2016 including: the strength of the Dollar, fluctuating equities markets, the price of oil, and an election year. On the heels of a great 2015, buyers were on edge; you could find reasons not to purchase a new home the first half of 2016. I had a great conversation Tuesday morning with my co-workers. We discussed why now is a great time to purchase a home in Aspen Snowmass. Here are the Top Ten Reasons it makes sense today:
Top Ten Reasons Now is the Time to Buy in Aspen Snowmass:
- Quality of life. There is no better!
- Recreational opportunities abound including endless uncrowded single-track.
- Great property choices with increased inventory. Increased selection, encourages offers.
- Use it now. Don't postpone memories and chapters!
- Safe harbor. Shelter. Not volatile. Preservation of wealth. Preserver of individual wealth and ability to use and enjoy opposed to stock or treasury certificate. Historically appreciation strong in Aspen.
- Interest rates all time low.
- Opportunity cost - yield is so low for safe income instrument such as bond or CD.
- August is a great time to make offers with off-season approaching.
- Security! Colorado first choice, easy to get to, safe, secure, and beautiful winter and summer.
- Looking long term - buying this for your family for a long time.
I anticipate a very busy August and September ahead. Call or email me today to learn more about the best values and properties in Aspen Snowmass today and get your memories started.
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 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 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.
Posted on April 17, 2015 by Mary Kate
Happy Friday! Winter has returned to Aspen with over a foot of new snow today. We’re happy to have the moisture. The ski and snowboard season comes to an end on Sunday with Aspen Mountain’s closing. One more closing party to go – don’t miss it! The Aspen Real Estate Market is in full swing with many properties going under contract and closing before the busy summer season. The Gant has seen a lot of activity in April. There are currently four Gant condos under contract that are expected to close this off-season. I’ve got two under contract myself, both closing the next month. Four Gant condos have closed in the last year with an average sold price of $1,196,250, $1,158 average sold price per sq. ft. My listing, Gant Unit J-201, went under contract on Monday. This is a south-facing two bedroom, two bath corner condominium in one of the most desirable buildings at The Gant. A private southwest-facing balcony overlooks the courtyard pool and hot tubs. This is a great corner unit at The Gant. I’m proud that it is under contract!
Have a great powder day tomorrow on Ajax and a fun weekend.