Aspen Peak - - Contents - BY LINDA HAYES

Six of town’s top bro­kers take Aspen’s real es­tate pulse.

You need only look around to dis­cern that Aspen’s real es­tate mar­ket is in­spir­ing con­fi­dence. But for a more, shall we say, pro­fes­sional take, we asked a group of the val­ley’s best­selling bro­kers to weigh in. Their in­sights? New con­struc­tion, mod­ern de­sign, a cen­tral lo­ca­tion, and out­door liv­ing spa­ces are the main fac­tors driv­ing de­mand. And please, no more log cab­ins…


Aspen Snow­mass Sotheby’s In­ter­na­tional Realty

“Just when you think you’ve seen the best, an­other high-end con­tem­po­rary home comes on the mar­ket with unique taste, style, qual­ity. And this is the prod­uct most buy­ers, re­gard­less of age or de­mo­graphic, are de­mand­ing. A few years ago, our high-end in­ven­tory felt stale. Now we are on the cut­ting edge. I see this trend con­tin­u­ing, not only in the high-end [mar­ket] but fil­ter­ing down to other price points.” pen­n­ey­car­



Aspen As­so­ciates Realty

“The core of Aspen, the West

End, and Red Moun­tain should con­tinue to see very good ac­tiv­ity, and prices re­main strong. A house on Wil­loughby Way on Red Moun­tain listed for $36 mil­lion is set to close soon. It is mod­ern in style and beau­ti­fully done, but the lot would not be con­sid­ered one of the best lots on that street. Mod­ern architecture and in­te­ri­ors [set it apart].” as­pe­nas­so­ci­ates­re­­so­ciates/scott-a-david­son


The Doug Leibinger Team, Com­pass

“There have been a dozen prop­er­ties

up and down the val­ley this year that have gone un­der con­tract in less than 60 days. But there is not a lot of new con­struc­tion avail­able. Of 72 val­ley prop­er­ties built so far in 2017, 33 per­cent are al­ready un­der con­tract. In com­par­i­son, of the 475 prop­er­ties built prior to 1990, only 14 per­cent of those homes are in es­crow.” com­pass .com/agents/aspen/doug-leibinger-team


Dou­glas El­li­man Real Es­tate “Aspen’s mar­ket is ex­pe­ri­enc­ing an up­swing in ac­tiv­ity that started in the fourth quar­ter of 2016. Prices are steady, and buy­ers rec­og­nize the value. Buy­ers will be­come com­fort­able with new price-per-square-foot thresh­olds across all mar­ket lev­els. Prop­er­ties are con­sis­tently clos­ing for over $2,700 per square foot, while some in Aspen’s core are trad­ing for al­most dou­ble that. I pre­dict this up­swing to con­tinue across the board.” joshuasaslove.el­li­


Cold­well Banker Ma­son Morse “I’m see­ing an in­crease in out­door liv­ing spa­ces, which can in­clude hot tubs, pools, fire el­e­ments, and kitchens—some even on rooftops. I’m cur­rently mar­ket­ing three new homes that have mul­ti­ple out­door liv­ing ar­eas—some very pub­lic and some pri­vate—and one that even has an out­door mas­ter shower. My last four trans­ac­tions in­volve prop­er­ties with these out­door spa­ces. In one case, the buyer is adding even more out­door en­ter­tain­ing space, in­clud­ing a full out­door kitchen.” car­


Lorrie B. Aspen & As­so­ciates “The cur­rent state of the mar­ket over­all is con­sid­er­ably stronger than last year. We are see­ing pre­vi­ously un­reached square-foot sales num­bers on prop­er­ties in the Aspen core, the East and West Ends, and Red Moun­tain. The ‘moun­tain con­tem­po­rary’ look is in—and no mat­ter how up­scale the log or truss home is, it is con­sid­ered passé.” .

“Aspen’s real es­tate mar­ket is ex­pe­ri­enc­ing an up­swing,” says Dou­glas El­li­man’s Joshua Saslove, who rep­re­sents 1449 Crys­tal Lake Road, with Robert Trown–de­signed main and guest houses to­tal­ing nine bed­rooms, 10 bath­rooms, and nearly 15,000 square...

CLOCK­WISE FROM TOP: Out­door spa­ces are driv­ing de­mand, says CBMM’s Car­rie Wells, point­ing to the in­door/out­door kitchen at 991 Moore Drive and the en plein air liv­ing spa­ces at 1953 Medicine Bow Road, which ex­tend nat­u­rally from in­side; the Lorrie...

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