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 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 May 7, 2015 by Chris Klug
Happy off-season from Aspen! Town has slowed down, but real estate is still booming. Let’s look at the comparison from 2007 to 2015 year-to-date.
The downtown core is trading at $1,452 sold price per sq. ft. YTD compared to $1,267 sold price per sq. ft. in 2014 and $1,370 in 2007. I was proud to sell one of the nicest two-bedroom units at The Gant last week, B-202, for $1,600,000. There are currently three condos under contract at The Gant today including my J-201 listing. No one has done more activity at both The Gant and Aspen Square the past year than me; I’m an expert on the downtown Aspen condo hotel market. With inventory of all property types down almost 20% in Aspen through April ’14 I anticipate higher prices ahead this summer. 90 Sagebrush Drive Lane in Brush Creek sold last month for $1,950,000, $462 sold price per sq. ft. This is the first sale in Brush Creek Village since October ’14. Basalt is also picking up in 2015. Thirty-seven properties have sold in 2015 compared to 22 in 2014. Basalt’s average sold price in 2015 is $1,036,814 compared to $825,295 in ’14, and average sold price per sq. ft. is $313 compared to $428 in ’14. Inventory is actually up in Snowmass Village about 12% and 34% in Basalt compared to April ’14.
Even though it is off-season, there are a ton of events going on. Don’t miss the 21st annual Ride for the Pass next Saturday, May 16th. Check out our favorite local band, Jes Crew playing tonight, May 7 at Belly Up. It’s Free! The biking & running trails are starting to clear up so get out there on the trails! Call or email anytime with questions. Have a great weekend!
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 March 24, 2015 by Chris Klug
We awoke to six inches of new snow on the mountains this morning in Aspen Snowmass. I had a blast at the 2nd Annual Aspen Snowmass Banked Slalom Race which took place last Saturday at Buttermilk. It was such a fun event and a perfect spring day, nice to see so many friends from the local shredding community. I was happy to get the win. I am looking forward to competing in this weekend’s Elk Mountain Grand Traverse Race, a 38-mile backcountry ski mountaineering race from Crested Butte to Aspen. I’m hoping to be back in Gondola Plaza before 10:30 am Saturday morning. I hope to see you there! Get out and enjoy Aspen’s Spring Jam Events again this weekend! Check out the free Bud-Light Hi-Fi concert on Friday, March 27th featuring Iration at Snowmass Base Village.
Five properties sold last week in Aspen. The highest sale was 185 Popcorn Lane, listed by Laura Maggos Properties, which sold for $7,375,000, $957 sold price per sq. ft. The lowest sale was 1007 E Hyman Avenue Unit #8, listed by BJ Adams and Company, which sold for $880,000, $981 sold price per sq. ft. Click here for more information about last week’s sales.
15 Placer Lane, listed by Douglas Elliman Real Estate is a new listing located on Red Mountain priced at $15,750,000, $2,045 list price per sq. ft. This 7,770 sq. ft. home sits on 1.08 acres with expansive views of Aspen Mountain. Click here for more information.
We saw another sale on Bennet Ct. yesterday at 47 Bennet Ct. for $3,450,000, $870 list price per sq. ft. 44 Bennet Ct. sold last March for $2,650,000. After a complete redevelopment it traded in January 2015 for $5,750,000. 62 Bennet Ct. which sold last May for $3,340,000 is now listed as a new home that will be finished next year for $9,825,000, $2,000 list price per sq. ft. Three Bennet Ct. properties all redeveloped by the same developer.
Happy springtime in Aspen! Have a great week.
Posted on May 30, 2010 by Chris Klug
Here is the Real Estate Transactions Records for
April 29 - May 3, 2015.
Grantor: Kevin Huber Sandy Huber
Grantee: Kanter & Associates LLC
Property: Woodrun I, Lot 90
Grantor: Thomas Eliot Davis Stacy Lee Davis
Grantee: Stephanie T. Robinson
Property: Aspen Villas, Unit C2
Grantor: Richard J. Cote
Grantee: Philip Baker
Property: Township 9, Range 86
Grantor: Karen Behrndt
Grantee: Sara Adams Brian Porter
Property: Golf View Condo, Unit 1
Grantor: Robert Barnard James Daggs
Grantee: 305 7 Mill Street LLC
Property: Aspen Commercial, Unit A
Grantor: Bess Clarke
Grantee: Bjorn Lamborn
Property: Redstone Ranch Acres, Lot B8
Grantor: Laura G. Blocker
Grantee: Jeffrey Quicksilver
Property: Ridge of Red Mountain, Lot 36
Grantor: Aspen/Pitkin County Housing Authority
Grantee: Kevin McCullen Elisa Orcajada
Property: Burlingame Ranch I, Unit 101
Grantor: Florentine Lindsay
Grantee: N V LLC
Property: SW2, Part of Rolland Mine
Grantor: Brian Adelman Annette Adelman
Grantee: Richard Greenberg Eileen Greenberg
Property: Villa of Aspen, Unit 33
Grantor: 719 E. Hopkins Avenue LLC
Grantee: Aspen 719 Holdings LLC
Property: 719 E. Hopkins Avenue, Unit 102
Grantor: Residences at the Little Nell Development LLC
Grantee: 101 Cobb Isle LLC
Property: Residences at the Little Nell, Unit F204
Grantor: Aspen/Pitkin County Housing Authority
Grantee: David A. Roth
Property: Independence View, Unit F
Grantor: Residences at the Little Nell Development LLC
Grantee: Kenneth E. Page
Property: Residences at the Little Nell, Unit F211
Grantor: AP Indian Creek LLC DYN RES IV LLC RG Bleeker Street LLC
Grantee: Laura Blocker Mark Seal Property: McGarvey, Lot 2