Ten Million Dollar Aspen Sale this Week

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:

Market Update 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! enter image description here 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.

CK

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Springtime in Aspen with 5Point Film Fest & Ed Harrold

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.

Notable Sales

The Gant J-201

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.

Chris Klug

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