Aspen Oasis Opportunity

Posted on March 8, 2018 by Chris Klug

Aspen Oasis on the Roaring Fork River at Wildwood is one of my top five favorite Aspen properties. The setting is spectacular. The Roaring Fork River wraps around the East & North sides of the property. A small creek runs along the Western side of property. Enjoy views of New York and Sunshine Peaks towards Independence Pass. The property is surrounded by permanent open space and forest service land. There are no views of any other homes! The 13,000 sq. ft. custom home features six en-suite bedrooms, including a guest apartment with full kitchen and large deck overlooking river; a guest wing with two guest master suites, living room, washer & dryer and wet bar and bunk-room that comfortably sleeps nine adults. The great room, gourmet kitchen and hearth room, and octagon shaped dining room seats up to 14 people with large, gorgeous walk-in wine room for 630 bottles of wine. The game room boasts a large bar, three built-in TVs & pool table, and state-of-art home theatre. The covered patio provides outdoor living in spring, summer and fall with built in BBQ, and pop-up TV with overhead heaters. A large mudroom with floor to ceiling lockers and two closets with hot-air blowers for ski boots and gloves is the perfect activity staging. There is an additional large walk-in closet for owner storage, and a large work room/pantry/prep kitchen/laundry off kitchen for projects. Additional walk-in basement storage room and a temperature and humidity controlled wine storage is found in the basement. Click here for more information. Let me know if you’d like for me to arrange a private showing for you. 

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Aspen Snowmass Sotheby's 2017 Year-End Resort Report

Posted on February 15, 2018 by Chris Klug

I am proud to present Aspen Snowmass Sotheby's International Realty's 2017 year-end Resort Report! Our luxury resort market provides an unique aspect to the real estate world. The report compiles data from 12 prominent resort communities throughout the western half of the United States in order to provide pertinent market information regarding the overall housing market in each area to help consumers make informed buying and selling decisions. Check out the Full Aspen Snowmass Sotheby's Resort Report Here.

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Klug Properties New Listing at 50 Twining Flats Road in Aspen!

Posted on December 12, 2017 by Chris Klug

50 Twining Flats road is an excellent development opportunity with the ability to build a 5,750 sq. ft. new home on two acres overlooking the Roaring Fork River, and within the Aspen School District. The eight-bedroom, 3,414 sq. ft. of improvements consists of three separate units including: a top floor 3-bedroom, 1 and ¾-bath unit, a main level 3-bedroom, 1.5-bath unit, and a garden level two-bedroom, 1-bath caretakers suite. Rental income is currently about $4,500 a month. The classic penthouse pan abode enjoys all day sunshine and Aspen Mountain and Highlands Ski Area views. Wood burning stoves warm both 3-bedroom units. Abundant storage is available. Close to Sky Mountain open space and trails. With RFTA and school bus stops nearby access is easy to Aspen and Snowmass. Offered at $1,199,000.

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In the News: SnowmassRanch.com

Posted on December 8, 2017 by Chris Klug

Klug Properties is thrilled that our SnowmassRanch.com video at 6401 E Sopris Creek Road is featured on the New York Times home page! Check out the NY Times Link Here!

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Aspen Snowmass 2016-2017 Inventory Numbers

Posted on November 15, 2017 by Chris Klug

It has been a great 2017 for real estate. I wanted to share the active listing numbers with you from January 2016 through October 2017. We started off 2016 strong with the number of Aspen single family active listings the lowest in January, February and April. The start of 2017 was a little slower but finishing strong, as we are seeing all time highs in the Aspen single family home market. Check out the active listing graphs below for Aspen and Snowmass. Have a great weekend ahead!

 

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Aspen Snowmass Sotheby's 2016 Resort Report

Posted on March 7, 2017 by Chris Klug

Aspen Snowmass Sotheby’s International Realty compiles data from 12 prominent resort communities throughout the western half of the United States in order to provide pertinent market information regarding the overall housing market in each area to help consumers make informed buying and selling decisions. Check out the full 2016 Resort Report here.

 

 

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Top 10 Reasons to Buy in Aspen Snowmass Today

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:

  1. Quality of life. There is no better! 
  2. Recreational opportunities abound including endless uncrowded single-track. 
  3. Great property choices with increased inventory. Increased selection, encourages offers.
  4. Use it now. Don't postpone memories and chapters! 
  5. 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.
  6. Interest rates all time low.
  7. Opportunity cost - yield is so low for safe income instrument such as bond or CD.
  8. August is a great time to make offers with off-season approaching.
  9. Security! Colorado first choice, easy to get to, safe, secure, and beautiful winter and summer.
  10. 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. 

Chris Klug

 

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Klug Properties 1st Quarter 2016 Market Report

Posted on April 1, 2016 by Mary Kate

Klug Properties First Quarter 2016 Market Analysis April 1, 2016:

Happy springtime! It has been a fun winter season in Aspen, and it’s not yet over. Aspen Skiing Company announced today that Aspen Highlands will remain open for two more weekends, April 23 & 24 and April 30 & May 1. Don’t miss Aspen Highlands official closing party on Sunday April 10; end of the season apres ski doesn't get better! Aspen Mountain closes for the season on Sunday, April 17. We’ve had about five inches of new snow the past 24 hours, and over a foot the last week. A strong El Nino finish to the season should make for some fun spring skiing ahead. There're some great lodging deals starting next week; April is a fun time to be in Aspen Snowmass.

I want to provide you with an Aspen Snowmass market analysis for first quarter 2016. It has been a slow start to 2016. There are a number of macroeconomic factors that are affecting our market including the strength of the US Dollar and the impact that is having on our international guests, particularly for Australian and Brazilian buyers. Australian visitors numbers were down about 25% this winter in January and February. The unease of the stock market in 2016, even though it bounced back strong the last month, and seems to be stabilizing, has given buyers pause, not to mention the softening New York City real estate market. The Presidential election is not helping things either. The price of oil has put our Texan buyers on the sideline so far in 2016 as well. All that being said this is still Aspen, one of the greatest places on earth and that hasn't changed. 

Overall sold volume in Aspen is down from $220,593,500 first quarter 2015 to $101,209,955, a 54% decrease. Aspen Condo sold volume is also down from $96,251,000 first quarter 2015 compared to $50,844,500, a 47% decrease. Single-family volume is slightly up in Snowmass, while Snowmass condos are down by more than half. Basalt single-family homes and condos are both up first quarter 2016 versus first quarter 2015. Average sold price for Aspen condos was $2,601,378 in Q1 2015 versus $1,815,875 in Q1 2016, a 30% decrease. Interestingly we’re at nearly the same average sold price as 2007 for Aspen condos, which was our biggest year on record. Average sold price per sq. ft. in Aspen increased from $1,130 in first quarter 2015 to $1,334 in first quarter 2016, a 15% increase, which is well above 2007 price per sq. ft. average for Aspen condos.

The downtown core saw a slight increase in the number of transactions from 23 sold properties Q1 2016 compared to 22 in Q1 2015. Average sold price was down from $3,872,091 Q1 2015 to $2,121,174 Q1 2016. Average sold price per sq. ft. in the downtown core was virtually the same at $1,458 Q1 2016, two dollars less than Q1 2015. Average days on the market actually went down for the downtown core from 260 days Q1 2015 to 212 days Q1 2016. The downtown core remains one of the hottest segments of our market with the second highest average sold price per sq. ft., just behind Red Mountain, which traded on average at $1,666 sold price per sq. ft. in Q1 2016, compared to $1,177 last year.

Snowmass condos average sold price is also down from $1,284,738 million in first quarter 2015 to $940,875 first quarter 2016. Sold volume of condos in Snowmass decreased from $34.6 million to 15.9 million first quarter 2015 versus first quarter 2016, a 54% decrease. Average sold price per sq. ft is also down in first quarter 2016 from $775 in 2015 to $612. Single-family Snowmass homes fared better with sold volume increasing with some big Edgewood Ln. sales with another one to come. Sold volume increased from 30.3 million in Q1'15 to 35.4 million in Q1'16. Average sold price went down from 5 million to 3.9 million, with average sold price per sq. ft. also decreasing from $983 in Q1'15 to $945 in Q1'16. 

Inventory of condos, single-family homes, and vacant land have all increased in Aspen from 285 actively listed properties as of March 31, 2015, to 399 properties on March 31, 2016, a 28% increase over Q1 2015. Snowmass Village is about the same from 266 active listings of all property types versus 254 as of March 31, 2015. Basalt listing inventory is exactly the same with 138 active listing of all property type

Pending sales are down in Aspen from $202,665,999 as of March 31, 2015, to $120,514,152 as of March 31, 2016. Snowmass is right on track with last March 31, 2016, with 39.2 million last March 31 compared to 38.1 million this March. Basalt pending sales are down from 17.77 million last March 31, 2015, to 11 million this quarter.

I hope my analysis is helpful to you. Please call or email anytime with questions. I am happy to provide a free valuation of your property. Having lived her most of my life, I am an expert on the Aspen Snowmass condo and single-family home market. This is not a hobby for me. I believe the off-season is the opportunity season, as things slow down before the busy summer selling season resumes with the Food & Wine Classic June 17-19, 2016. I know where the best values are today. Enjoy your weekend. Happy springtime! 

Chris Klug

 

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Aspen Real Estate Market Analysis

Posted on January 8, 2016 by Mary Kate

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