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 June 27, 2016 by Carson Campbell
Check out Aspen’s thrilling and entertaining Colorado experience, the rodeo. The Snowmass Rodeo is located at the Rodeo grounds in Snowmass Village. It’s an incredibly fun family event that takes place rain or shine every Wednesday evening during the summer. The event features local cowboys and cowgirls roping calves, riding bucking broncs and bulls, and cowgirls darting around barrels maneuvering only inches away and winning by hundredths of a second.
Cheer local, Nile Thompson (Seen Below), an Aspen High School graduate who is crazy enough to pick up the dangerous, and demanding sport of bronc riding. Come and see the skillful precision of roping, and menacing bucks and pounces of 2,000 lb. bulls. Entertain the kids in the calf scramble, where children between the ages of 4 - 10 chase ribbons on calves tails through the thick dirt. Or for the little buckaroos, there is Mutton Busting, a hilarious event where kids can try and ride sheep for the few seconds they can. Grab your boots and hat, have a Coors, and enjoy the show because Wednesday is the day to cowboy up!
The event starts at 7:00 p.m. and ends at 8:30 p.m. Adults and general admission are $20.00. Youth (11-15) are $15.00. Adults VIP $25.00, and youth 11-15 VIP are $20.00.
Posted on February 5, 2016 by Chris Klug
Snowmass Village Condo Analysis February 4, 2016
I have been busy the past weeks with a lot of Snowmass Village condo activity. I think it’s such a great value today that I’m building a new single-family home there for my family. We’re so excited to be moving to Snowmass. Snowmass has never traded at a bigger discount to Aspen then today. It’s selling for about half the average sold price per sq. ft. of Aspen for all property types. On top of that there is such a strong seasonal and full-time rental demand in the upper Roaring Fork Valley with families looking to get into the Aspen School District with the number on school in the state and #24 in the country, and very little vacancy. Many Aspenites, myself included have been priced out of the Aspen single-family market, yet there are still some great opportunities in Snowmass Village. I know so many young families that have moved to Snowmass in the past year and more that are headed there this year. It’s the place to be!
I feel like everyone is holding their collective breath waiting for some clarity on base village. I believe once the future picture is clearer we will see increased activity and appreciation again. I think there are some incredible real estate opportunities at one of the best family ski/snowboard resorts in the world, not to mention one of the best single-track mountain biking destinations.
Below are some stats that I wanted to share with you from some research I’ve done on behalf of my clients the past week:
- There are 184 actively listed condos in Snowmass Village today at an average list price of $1,239,326 and an average list price per sq. ft. of $790 with 332 average days on market.
- 8 condos are pending sale in Snowmass Village today.
- 94 condos have traded in Snowmass Village the past year at an average sale price of $892,268, 93% sale/list and 355 ADOM
- An almost two year supply of condos exists today in Snowmass Village
- 61 single-family homes are on the market in Snowmass Village today at an average list price of $5,724,918 and an average list price per sq. ft. of $1,134 with 316 average days on market.
- 6 homes are pending sale in Snowmass at an averae list price of $3,813,333 and $910 list price per sq. ft.
- 33 homes sold the past year at an average sold price of $4,170,709, 91% sale/list and $941 sold price per sq. ft.
- There is about a twenty month supply of single-family homes in Snowmass today.
- There are currently 32 actively listed four-bedroom plus Snowmass Village condos on the market at an average list price of $2,598,516 and an average list price per sq. ft. of $978.96 and an ADOM of 298 days.
- 9 four-bedroom + condos have sold in Snowmass Village the past year at an average sale price of $2,725,667, 92% sale/list with an average sold price per sq. ft. of $844 and 399 ADOM.
- 5 ski-in/ski-out four-bedroom condos sold the past year in Snowmass Village at an average sale price of $2,846,200, 91% sale/list and an average sold price per sq. ft. of $863.92 with 481 ADOM.
- There are currently 25 actively listed four-bedroom + Snowmass Village condos on the market today with 1 pending sale, #60, with an average list price of $2,743,688, $1,026 list price per sq. ft. and an ADOM of 298 days.
- The absorption rate for four-bed plus condos in Snowmass Village is 60 months.
I hope this is helpful. Contact me if you'd like more information on Snowmass Village condo and single-family properties. Happy winter season!