[email protected] on twitter for blog posts and news on Aspen real estate. Click the twitter button directly below or the “conversation” button at the end of this post. At twitter, you’ll have the option of signing up for a twitter account and/or to receive as RSS feed of this blog… Read More
2A vs. 3A vs. 4A: When identical apartments battle for buyers, NY Mag
NEW YORK CITY – Ashley Gum intended to sell his Brooklyn Heights one-bedroom last year, but his broker, Corcoran’s Maggie Ross, recommended touch-ups and a kitchen makeover first. By the time it was ready, the two discovered an awkward surprise: An essentially identical apartment one floor below had just… Read More
West Buttermilk Estate Sells for $31.5M; Year’s Best, ADN
The estate sits near the end of the West Buttermilk Road, just below the base of the West Buttermilk chairlift on 44 acres. It overlooks the Owl Creek valley and has views of both Buttermilk and the Snowmass Ski Area….other relatively recent big number sales have been: In June, hedge… Read More
The Trouble with Condos, WSJ
What can you do if you are stuck in condominium you can’t sell? In resort and vacation destinations, some owners may be able to wring more income out of a property with short-term rentals to vacationers than from a long-term tenant, if condo association rules permit. Some popular areas for… Read More
Aspen-Snowmass ski Areas Avoid Bark Beetle Devastation, AT
Diverse mix of trees means Skico resorts won’t suffer same fate as Vail and others…Infested trees will be cut down to minimize the spread of beetles; forest stands will be thinned to promote new growth and age diversity; and insecticides will be used to try to save specific “high-value trees,”… Read More
Roaring Fork Club Presses Ahead with Expansion, Citing Housing Demand, AT
Development alters request to seek 13 additional luxury cabins, 16 affordable units …About two-thirds of the cabins are wholly owned while the remainder were sold in fractional interests. There is still “good” resale activity despite the recession and slow recovery, but no new product to offer people interested in the… Read More
Foreclosures Push Home Prices Down in Many Cities, AP
WASHINGTON – Home prices are falling further, suggesting a bottom hasn’t been reached in many metro areas.Millions of foreclosures are expected to pour onto the market in the coming years. That’s likely to force prices down and hurt even cities that had begun to rebound. Investigations into banks’… Read More
The Estin Report Aspen Snowmass Real Estate Weekly Sales and Market Activity: (3) Closed and (4) Under Contract / Pending: Oct. 17 – 24, 10
[email protected] on twitter for blog posts and news on Aspen real estate. Click the twitter button directly below or the “conversation” button at the end of this post. At twitter, you’ll have the option of signing up for a twitter account and/or to receive as RSS feed of this… Read More
Dancing Bear’s Fate Lies with Trustee, AT
Both sides recently filed written closing arguments in the U.S. Bankruptcy Court in Denver concerning the fate of the project, which was originally billed as a two-phase development. Only the first phase, located at the corner of Monarch Street and Durant Avenue, has been completed. It continues to operate. Construction… Read More
Plunging Mortgage Refinancing Rates Aid Thrifty, NYT
For competitive reasons, the large lenders are reluctant to reveal their refinancing numbers, but they acknowledged that the news had been getting ever better for many borrowers. JPMorgan Chase, for instance, said that “refinancings have increased dramatically as a percentage of all new mortgages from a year ago, and the… Read More
Pitkin County Open Space to Buy River Property ?Near Basalt, ADN
In recent years, the county has bought riverside plots including the old Emma store, the Grange ranch and Meyers Park, also known as Fisherman’s Park. PITKIN COUNTY REAL ESTATE – The Pitkin County open space and trails board voted Thursday to acquire more than three acres of land on… Read More
Whole Foods Hasn’t Soured on Willits Basalt Store, AT
Whole Foods Regional president: ‘We’re patient. We want to move forward with it’ ASPEN BASALT REAL ESTATE – A top official with Whole Foods Market said the natural grocer is still interested in opening a store in Basalt even though it can opt out of another lease because of a… Read More