Market Update
Flurry of Listings and Growing Momentum
In recent weeks, Aspen’s real estate scene has been abuzz with a flurry of new listings and properties entering the contract stage. This surge in activity is a testament to the enduring appeal of Aspen and the opportunities it holds. Whether you’re seeking a cozy mountain retreat or an investment opportunity, the options have never been more exciting.
Town’s Core Properties – A Coveted Gem
Properties for sale in the heart of our town’s core are capturing attention for all the right reasons. With their unmatched charm and convenient proximity to Aspen’s amenities, these listings present an enticing opportunity to immerse yourself in the Aspen lifestyle. From quaint residences to stylish condos, there’s something to suit every discerning taste.
Rising Pendings – A Positive Trend
Over the past three weeks, we’ve witnessed a notable increase in properties moving from available to under contract. The percentage of pending transactions in the core of town has climbed from 14% to an impressive 19%. This uptick reflects a growing confidence among both buyers and sellers, contributing to a healthy and active real estate environment.
Extended Days on Market – Patience and Opportunity
While days on market have extended by 45% compared to last year, this metric unveils a valuable opportunity for those seeking to find their perfect Aspen property. The prolonged duration allows buyers to take a thoughtful approach, explore their options, and make informed decisions aligned with their aspirations.
Steady Active Listings – Choices Abound
The inventory of active listings has remained nearly consistent with a slight 1.5% increase from last year. This stability presents a balanced market where buyers can explore an array of choices while sellers continue to engage with motivated prospects.
Attractive Price-to-Sold Price Ratio – An Advantage for Buyers
We’re delighted to share that the asking price to sold price discount has decreased by 3.2%, signaling promising news for buyers. The 94.5% number is still strong, but the days of full price transactions are slowly coming to an end. This shift underscores a greater alignment between listing prices and actual selling prices, fostering a favorable environment for negotiations and securing your dream property.
Incorporating concepts from ‘Atomic Habits,’ our aim is to make the process of engaging with the Aspen real estate market as seamless and enjoyable as possible. By ensuring that our systems are obvious, attractive, easy, and satisfying, we’re fostering habits that elevate your experience and turn it into an integral part of your journey.
Thank you for your continued trust in Aspen Snowmass Sotheby’s International Realty. We’re here to guide you through every step of your real estate endeavors, creating a positive and productive partnership that drives exceptional results.
Please don’t hesitate to reach out if you have any questions or are ready to take the next step. Your satisfaction and success remain my top priorities.
A Celebration of Musical Excellence
As we dive into the exciting world of music and entertainment, we count the days until September 1st. The upcoming Jazz Aspen Snowmass festival promises an unforgettable experience, with the legendary Foo Fighters and Billy Idol headlining the event from September 1st to 3rd. Prepare to be mesmerized as these musical icons grace the stage with their undeniable talent and rich history.
Foo Fighters: A Rock Phenomenon
The Foo Fighters have carved an indelible mark in the rock ‘n’ roll universe, enchanting fans around the globe with their electrifying performances and raw energy. Formed by the multi-talented Dave Grohl, a former member of Nirvana, the band skyrocketed to fame with their eponymous debut album in 1995. Since then, they have consistently pushed musical boundaries, earning a reputation for their captivating live shows and chart-topping hits.
With a discography that boasts anthems like “Everlong,” “Best of You,” and “The Pretender,” Foo Fighters effortlessly bridge the gap between heartrending melodies and explosive rock dynamics. Their music is a symphony of passion, creativity, and sheer rock ‘n’ roll power, setting them apart as true titans of the industry.
Billy Idol: Rebel with a Musical Cause
Prepare to be transported back in time as the one and only Billy Idol graces the Jazz Aspen Snowmass stage. A true rock rebel, Billy Idol’s distinctive style, and charismatic presence have made him an enduring figure in music history. From his iconic platinum blonde hair to his rebellious attitude, Idol’s impact on the music scene is nothing short of legendary.
With timeless hits such as “White Wedding,” “Rebel Yell,” and “Dancing with Myself,” Billy Idol’s music encapsulates the essence of an era. His fusion of punk, new wave, and rock ‘n’ roll has solidified his status as a trailblazer, and his live performances continue to captivate audiences with their high-octane energy and unforgettable stage presence. This will be Idol’s first trip back since playing at the Double Diamond back in the early 90’s.
For festival and ticket information, click here.
Fall Cycling Is Right Around the Corner
As the vibrant hues of autumn paint the landscape and the crisp air carries a sense of anticipation, it’s the perfect time to delve into the exhilarating world of fall mountain biking and road cycling in the breathtaking Roaring Fork Valley. Whether you’re seeking heart-pounding trails or scenic road routes, this season offers an array of experiences that cater to every cyclist’s dream. Join us as we explore some of the most captivating biking destinations, from Sky Mountain Park in Aspen to the Monument Ride in Grand Junction.
Sky Mountain Park: A Biking Haven in Aspen
Located between Snowmass and Aspen, Sky Mountain Park is a true gem for mountain biking enthusiasts. This expansive trail network boasts a range of options for riders of all skill levels, offering thrilling descents, sweeping vistas, and an immersive connection with nature. As you navigate the winding paths and take in panoramic views of the surrounding mountains, you’ll find that Sky Mountain Park epitomizes the essence of fall mountain biking, where every pedal stroke is a journey into both physical exhilaration and natural wonder. I recommended riding from town, climbing either the new Airline ascent or starting from the Brush Creek Intercept lot and ascending Cozy Line. Traverse Viewline for about 3 miles to Deadline. At the bottom of Deadline, head over to the Snowmass Recreation Center and climb up North Rim to the incredible Seven Star Downhill. You can ride the bike path back to the intercept lop, add some mileage, and head back up to Viewline to Skyline and back down Airline to Aspen.
Basalt’s Trails: Vasten Buckhorn Unveiled
This trail system is right outside my back door, and I am constantly riding it. Glassier Vasten Buckhorn trails are a testament to the valley’s cycling reputation. With their intriguing blend of technical sections, diverse landscapes, and captivating views, these trails are a haven for mountain biking aficionados (Buckhorn Traverse is pictured above). Climb Glassier to Vasten, then hit the new Crown Royal downhill with some crazy technical tabletops, figure eights, and fast descent.
The Monument Ride: Grand Junction’s Cycling Spectacle
For those seeking a road cycling adventure, the Monument Ride in Grand Junction offers an awe-inspiring journey through the rugged beauty of the Colorado Plateau. Hop onto I-70 Westbound and exit at Fruita. Go over the bridge and park your car at the entrance to the park. As you pedal along the winding roads and towering red rock formations, you’ll experience a sense of awe and wonder that’s truly unparalleled. The Monument Ride is a testament to the sheer grandeur of nature, inviting cyclists to embrace the challenge while basking in the sheer beauty of their surroundings.
Whether you’re carving through the trails of Sky Mountain Park, immersing yourself in the serenity of Basalt’s rugged beauty, or embarking on the Monument Ride in Grand Junction, this fall promises an unforgettable journey that combines the thrill of cycling with the splendor of the season.
Exclusive Listing – 861 Ute Avenue
This stunning five bedroom home features high ceilings, antique oak floors, large stacked sliding doors, and elegant finishes throughout. The chef’s kitchen includes Wolf and Sub Zero appliances, a double island, casual and formal dining, and is perfect for entertaining. The upper level primary includes a generous bath and private office. The four guest bedrooms are en-suite and beautifully appointed. The outdoor spaces are highlighted by stacked-stone architectural elements and include a private deck, terraced back patio and hot tub offering a lovely place to relax while listening to the running water from the seasonal stream. Located 2 blocks to the Gondola and just steps away from the Little Nell and some of Aspen’s finest dining and boutiques, this property offers luxury and location.
14 Places To Escape Outside Before the End of Summer
Welcome to The Roaring Fork Valley in Colorado–a haven for outdoor enthusiasts and adventurers alike. In this comprehensive locals’ guide, we’ll unveil the hidden gems and cherished spots that make this mountain town a paradise for hiking, biking, rafting, stand-up paddle boarding, and camping. Whether you’re seeking breathtaking trails, adrenaline-pumping rides, or tranquil waters, join us as we explore the very best our Valley has to offer for an unforgettable outdoor experience.
Hiking
Smuggler Mountain Trail – Aspen
This is one of the most well known trails near Aspen, and for good reason. At 3 miles roundtrip and with an elevation gain of 800 feet, this trail is a good hike for beginners and experts alike. Take in breathtaking views of Aspen from the Smuggler mountain overlook.
Sunnyside Trail – Aspen
Sunnyside Trail is a moderate hike with rewarding views of Aspen, the surrounding ski areas, and the many peaks of the Roaring Fork Valley. At 4.8 miles roundtrip and 1,700 feet of elevation gain, this hike requires some planning and commitment, but is extremely rewarding.
Hunter Creek Loop – Aspen
The Hunter Creek Loop hiking trail in Aspen, Colorado, offers a moderate-level adventure suitable for both beginners and experienced hikers. This captivating loop treats hikers to the beauty of Hunter Creek, enchanting waterfalls, and stunning vistas of the surrounding mountains, making it a perfect blend of natural wonders and manageable challenge.
American Lake – Aspen
American Lake hiking trail in Aspen, Colorado, offers a moderately strenuous yet rewarding experience for outdoor enthusiasts. Ascending through alpine meadows and dense forests, this trail leads to the breathtaking American Lake, cradled beneath towering peaks, providing hikers with both a satisfying challenge and awe-inspiring mountain vistas.
Rafting/Stand-Up Paddleboard (SUP)
The Roaring Fork River
For an adventurous, rapid-filled day or a lazy float down the river, The Roaring Fork River has it all. Hop on your SUP or strap into your raft, this river will not disappoint. A great way to take in the Roaring Fork Valley while adding some adventure to your day.
Ruedi Reservoir – Basalt
Just 14 miles from Basalt, this expansive reservoir offers plenty of water sport activities. From speed boats and jet skis, to SUPs and canoes, this reservoir is a great day activity for everyone.
Stillwater – Aspen
Paddle boarding in the Stillwater wetlands offers a serene and immersive experience in a unique natural environment. Gliding through calm waters surrounded by lush vegetation and diverse wildlife, adventurers can enjoy a tranquil escape and connect with nature in a picturesque setting.
Biking
The Rio Grande Trail – Aspen to Glenwood Springs
If you’re ready to break out your road bike and take down some miles, then the Rio Grande Trail is just the trail to be on. Stretching 42 miles of paved path from Aspen to Glenwood Springs, this trail is not only a great ride, but a great way to see every part of the valley.
Snowmass Bike Park – Snowmass
The Snowmass Bike Park was designed with every level of biker in mind. With over 3,000 vertical feet of designated downhill trails, this park is a mountain bikers’ dream. The Roaring Fork Valley was recently named an IMBA Gold-Level Ride Center, one of only seven in the world.
Castle Creek Road – Aspen
Biking along Castle Creek Road in Aspen, Colorado, provides cyclists with a thrilling journey through scenic beauty and alpine charm. The road winds alongside the meandering Castle Creek, passing by charming cottages, dense forests, and occasional glimpses of towering mountain peaks, offering a challenging yet immensely rewarding ride for those seeking both natural splendor and an invigorating workout.
Camping
Silver Bar Campground – Aspen
Located just a short drive from Aspen, this campsite offers great scenery, sounds of the nearby Maroon Creek and great privacy. Hop on the nearby trails for a day of hiking or horseback riding or fish the Maroon Creek.
Chapman Campground – Fryingpan River Road past Ruedi Reservoir
In the heart of the Rocky Mountains, White River National Forest offers endless serenity and adventure. With eight wilderness areas and 10 peaks surpassing 14,000 feet in elevation, the lush forest is filled with scenic, winding rivers and beautiful wildlife.
Lost Man Campground – Aspen
Lost Man Campground, perched up Independence Pass in Aspen, Colorado, offers a serene camping getaway amidst the breathtaking Rocky Mountains. Set against the backdrop of stunning alpine vistas, the nearby Lost Man Lake hiking trail beckons hikers with its high-altitude charm, culminating in the reward of a pristine alpine lake nestled within the rugged terrain.
From the majestic peaks of the Maroon Bells to the tranquil shores of Ruedi Reservoir, this charming mountain valley offers a plethora of outdoor activities that cater to all interests and skill levels. Whether you’re seeking thrilling adventures like hiking, biking, and skiing, or simply looking to immerse yourself in the serenity of nature, breathtaking landscapes in the Roaring Fork Valley provide an unforgettable experience. So, whether you’re a seasoned adventurer or a casual nature lover, make sure to add these top outdoor destinations to your bucket list for a truly remarkable journey into the heart of Colorado’s wilderness.
Your Luxury Vacation Rental Awaits – 731 E Durant Avenue, Unit 13
Recently remodeled, this contemporary Chateau Chaumont 2-bedroom/2-bathroom condo features an A+ location – just one block to the gondola and a stone’s throw to the restaurants, bars, and happenings of downtown Aspen. The wood-burning fireplace, modern mountain aesthetic, hardwood floors, open-concept design, and premium bedding combine to make this the perfect retreat for your next visit. Aspiring chefs will love the Wolf and Sub-Zero appliances and the recently renovated common courtyard hot tub is the place to après after a day of adventuring. Renters have access to common underground garage and additional spots in the alley of the W Hotel, which is right next door.
