Bob Starodoj, President of Mason Morse, said there are a lot of European buyers active in Aspen right now — and not all Russians. Morris said buyers are also coming from Mexico and Brazil, as well as Australia and New Zealand.
ASPEN REAL ESTATE – The highest end of the high in the Aspen-area real estate market is recovering the quickest.There have already been 14 sales of homes priced in excess of $10 million, and another three houses at that price level are under contract, according to Craig Morris, a partner in Morris & Fyrwald Real Estate. That’s only one sale off the record for a year — and there’s still half of 2011 remaining.“That’s a bright light,” Morris said. Andrew Ernemann of B.J. Adams & Co. highlighted the strength of the upper end of the market in his semiannual real estate report. He noted that one of every four sales of single-family homes in Aspen so far this year has been for $10 million or more.“This fact alone is a clear indicator that Aspen continues to appeal to the world’s wealthy, and that buyers at the top of the real estate food chain are investing in the local real estate market in greater proportions than even the best years of the last market run,” …Or, as Mason Morse Real Estate President Bob Starodoj put it: “We’ve seen a hell of a lot more activity” in the upper end of the market. He expects that to continue in the second half of the year because most transactions close in the third and fourth quarters after spring and summer showings.
By Scott Condon, July 5, 2011 AT
Aspen Real Estate Sales: High End Closings Over $10MM 2011 YTD (10 solds) Link is valid for 30 days until 8/5/11.
Highest Priced Sale in 2011 Year-to-Date: 210 Sesame St Closed 2/10/11.
MLS #114105 – Smuggler Mtn single family home, 201 Sesame St, Aspen, CO: Sold Price: $20,000,000/$1,808 sq ft; Ask and Original Price: $29,995,000 (On the market for 608 days since 12/15/2009). This is a stunning contemporary 2006 home built at the base of Smuggler Mountain with sweeping soutgh and west facing views of town, the ski mountains and Mt Sopris. It is 11,061 sq ft with 7 bedrooms/7 baths/3 half baths, 4+ car garage on almost .42 acres with gated driveway. The list broker comments, "Modern meets majestic. With painterly, panoramic views of Aspen Mountain, Independence Pass and Mt. Sopris, this 7-bedroom residence features a wonderful flow of interior to outdoor living. Every detail of this designer masterpiece is crafted with exquisite materials from around the world. Enjoy the chic sophistication of living and entertaining all within walking distance to town. Complete with 2 firepits, swimming pool, 2 hot tubs, expansive decks, a 10,000 bottle wine storage area and private gate.Directions: First right on Smuggler Mountain Road – through gate. " 2008 Taxes: $35,323 Yr. Under Contract Date: 01/27/2011; Sold Date: 02/10/2011. (Photos and description courtesy of CB The Aspen Brokers)