Aspen Snowmass 2019 Resort Report

Posted on March 8, 2019 by Chris Klug

Want a better idea of how Aspen's real estate market is stacking up against other Resort towns? Be sure to check out Aspen Snowmass Sotheby's International Realty's 2019 Resort Report for more information. 

 

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March Best Deals in Aspen Snowmass

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!

  

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Klug Properties Lamborghini Winter Lifestyle Drive Event

Posted on February 4, 2019 by Chris Klug

I am excited to partner with Lamborghini for an exclusive winter lifestyle event at 715 Meadows Road and 1627 Wood Road. Please click the links below to register to test drive the Lamborghini Urus. Don't wait as spots are filling up fast!

Click Here to Register for the February 14th Experience at www.715Meadows.com in Aspen, Colorado

Click Here to Register for the February 19th Experience at www.1627WoodRoad.com in Snowmass Village, Colorado

 

 

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Aspen Snowmass Sotheby's Base Village Grand Opening Apres Ski

Posted on December 13, 2018 by Chris Klug

Please join Aspen Snowmass Sotheby's for the Base Village Grand Opening Apres Ski Open House at our Base Village office on Saturday, December 15th from 3:00-6:00 PM. Enjoy a fun hot chocolate bar, hot cider and tasty treats!

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A Complete Guide to Off-season in Aspen by Katie Shapiro

Posted on October 17, 2018 by Chris Klug

Glitter Gulch, Tony Town, Fat City, Canary City … ah, Aspen. The monikers for this rich-in-history former mining enclave are thanks to a glitz-and-glam reputation bolstered by billionaires on holiday, celebrities hiding out, luxury boutiques, fine dining, five-star resorts, a world-class arts scene and of course, jaw-dropping real estate. But it’s the full-timers—from hippies, ranchers and artists to families, farmers and athletes—who’ve given the ski town its true soul over the years and still help balance the high life with real life year-round.

As soon as the leaves stop falling in October, many businesses hang “Gone to the beach” signs on their doors signaling a bi-annual, well-deserved break before the lifts start spinning. The snow has already arrived, which means one thing: off-season has too.

While the scene is noticeably slower, if you’re thinking about purchasing a vacation property, scoping out a short-term rental or just booking a pre-holiday holiday, now is the perfect time to plan a visit to get a true sense of what life in this year-round, close-knit community is actually like.

Here’s a complete guide to living like a local:

 

EAT + DRINK

It’s usually a guessing game when trying to find a place to eat and drink from now until the first week of December. But there are plenty of spots that stay open, many showing their appreciation for those who stick around town with deep discounts.*

Locals gather every morning for high-fives on the patio or catch up at the community table at Jour de Fête (710 E. Durant Ave., 970-925-5055, jourdefeteaspen.com), family owned and operated since 1988. Owner Olivier Mottier’s French roots shine through on the breakfast and lunch menus, but the chorizo burrito here is the go-to to-go.

Grab a signature Hillstone sandwich and a handcrafted cocktail at White House Tavern (302 E. Hopkins Ave., 970-925-1007, aspenwhitehouse.com), an always-bustling, cozy converted mining-era home that inspired its name.

Do the daily lunch special at Mezzaluna (mezzalunaaspen.com), where pastas and pizzas are $12 or the daily dinner special offering your pick of five $15 entrées or $8 appetizers with 25% off all bottles of wine. 

Meat & Cheese (319 E. Hopkins Ave., 970-710-7120, meatandcheeseaspen.com) always makes for a special meal of award-winning “world farmhouse” cuisine, creative craft cocktails and too-pretty-to-eat charcuterie boards. Plus, they give everyone 15% off for off-season in the restaurant and Farm Shop through November 20.  

Head just outside of town to Home Team BBQ (38750, CO-82, 970-236-2040, hometeambbq.com) for daily happy hour with a special menu from 4-6 p.m., “Friday Night Live” with Woody Creek Distillers drink specials and a rotating roster of local bands or Sunday brunch with NFL Sunday Ticket on the big screens. 

Campo de Fiori (205 S.Mill St., 970-920-7717, campodefiori.net) offers 25% off the entire bill every night of the week (excluding bar menu) where you can chat up the regulars and warm up with authentic Italian eats.

Everyone loves Rustique Bistro (216 S. Monarch, 970-920-2555, rustiquebistro.com) for its “Fried Chicken Thursdays” including three courses for $27 and its nightly prix fixe for two courses for $36. 

Duck into The Little Nell (675 E. Durant Ave., 970-920-4600, thelittlenell.com) for three courses for $47 in the luxury hotel’s signature restaurant Element 47 through October 31.

*For the full list of who’s open and who’s closed, visit eataspen.com. And always ask your server to confirm special offers.

 

STAY

Take advantage of lodging deals like the Limelight Hotel’s Colorado Locals Rate which offers a standard or deluxe room from $160 per night with proof of residency (355 S. Monarch St., 970-925-3025, limelighthotels.com). Find a five-star stay for less at its sister property, The Little Nell, for $245 per night for a standard room through November 22. Aspen Meadows Resort offers a Leaf Peepers Fall Foliage Package, valid through October 22 for 20 percent off lodging with breakfast for two daily and a Colorado Local’s Special for up to 40% off a regular room rate through December 20 (845 Meadows Rd. 970-925-4240, aspenmeadows.com).

 

SEE + DO

Droves of visitors go crazy to catch the fall colors, which peak in Aspen in late September and although the snow is already falling, there’s still a little bit of leaf peeping to be had. Car restrictions up to the Maroon Bells (fs.usda.gov) ended on October 8 and the road stays open through mid-November, so now, you can take a leisurely drive up to sightsee around one of the world’s most photographed mountains or to Ashcroft Ghost Town (aspenhistory.org)—both sure to be much more serene sans the crowds.

The Aspen Art Museum (637 E. Hyman Ave., 970-925-8050, aspenartmuseum.org) presents innovative exhibitions from the international contemporary art scene with admission free of charge thanks to its generous donor base. Its roof deck café is a favorite spot for coffee or lunch meetings, which also plays host to Movies at the Museum—an ongoing series of free film screenings.

Weather permitting, take a walking tour through the West End with the Aspen Historical Society (620 W. Bleecker, 970-925-3721, aspenhistory.org), which is focused on history, architecture and the little-known facts about the Victorian-era homes and the people who lived in them. By appointment only, you can also go for a guided tour of downtown Aspen in AHS’ new electric vehicle—complete with a visit to both the Wheeler/Stallard Museum and the Holden/Marolt Mining and Ranching Museum.

Listen to live music at the Belly Up Aspen (450 S. Galena St., 970-544-9800, bellyupaspen.com), which has local bands on the calendar with no cover mixed with headliners like Carl Broemel of My Morning Jacket (October 30) and Michael Franti (November 11). 

The third annual Lead With Love, a four-day retreat (October 25-28, ileadwithlovesummit.org) at the Aspen Institute, offers yoga and meditation, spiritual psychology sessions, self-care services, leadership seminars and an eco-friendly marketplace.

Get your ski legs ready with yoga at Aspen Shakti (535 E. Hyman Ave., 970-925-1655, aspenshakti.com), a pilates session at O2 Aspen (408 S. Mill St., 970-925-4002, o2aspen.com), or spin class at CycleBar (110 S. Spring St., 970-710-7398, aspen.cyclebar.com). Rejuvenate at the St. Regis Aspen’s Remede Spa (315 E. Dean St., 970-920-3300, stregisaspen.com) where you can spend an entire day in between the grotto, hot tub, cold plunge pool, steam room, sauna and oxygen lounge. A Local Love special is valid for a 60-minute massage or facial for $150 through October 18

Blog Credit to Katie Shapiro, Aspen Snowmass Sotheby's Elevated Living Blog

Downtown Aspen on October 10, 2018 with a fresh dusting of snow. Photo by Craig Turpin/Rising Sun Photography 

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Aspen Square Condominium Hotel December 2015 Real Estate Update

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. 

Chris Klug

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Categories: Aspen Real Estate

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