Working hard to grow my real estate business the past few years has paid off – thanks to you, my clients. Of all the rental brokers at Aspen Snowmass Sotheby’s International Realty, I was second in transaction volume in 2022 with 105 total contracts written. The Team, with three brokers working together, was the only group that surpassed my one-person operation. Stay tuned for several more rental properties coming on board in the next few weeks in addition to my eleven current listings.
Let me know if you have any questions about the dynamic rental market in the Aspen area. If you, or anyone you know, is looking to list a property or needs an upcoming vacation rental, it would be my honor to assist.
Market Update
2022 saw a 50% decrease in gross sales and 30% decrease in overall transaction volume, with condo/townhome sector transactions down by over 52.9%. However, the price per square foot and median sale price were up 40.1% and 49.4%, respectively. Focusing on the condo market in Aspen is my specialty. I have purchased, remodeled, and sold several properties in this sector. We currently have 34 condo/townhome properties listed in the core of Aspen for under $7 million, with eight already under contract, although there are still deals to be had. Buyers must be prepared to act when a good property comes to market because it will likely go under contract quickly. However, properties that are overpriced or in bad condition continue to sit on the sidelines.
If you have a property and would like to know its value or want to discuss the market, feel free to give me a call.
New & Exclusive Listing
The 2-bedroom 2-bath condo shown above, located in Glenwood Springs, is my latest listing. It’s a great investment property with a 5% cap rate, but could also be perfect for an end user. The unit is 1,200 square feet and has high ceilings, concrete floors, forced air, and central A/C. There is a fenced-in backyard, and pets are allowed. It is in a mixed-use area, and the downstairs tenant is the Aspen Historical Society which uses the property as a storage facility so there is no noise.
The current tenant is paying $3,300 a month plus utilities, and the lease goes out to September 2023. Please let me know if you would like to take a look.
Here is a walk-through video of the property.
World Cup Update
The World Cup returns to North America with women’s and men’s events at Palisades Tahoe and Aspen Mountain. The women will be in California February 25th – 26th, skiing Giant Slalom and Slalom, while the men will have two Downhills and a Super G March 3rd – 5th. For those not following the World Cup Tour, there has been a ton of excitement as Mikaela Shiffrin closes in on Ingemar Stenmark’s 86 World Cup win record. She is currently at 82, tied with Lindsey Vonn for the most wins by a female. She had a flurry of wins in the last few weeks and was expected to surpass Vonn at the Flachau night slalom but ended up second. There is a chance she could break Stenmark’s record on home turf in Tahoe.
You can still get VIP tickets for the Aspen event here, prices will go up in the next few days, so buy them now.
The Ultimate Winter
Bucket List
The 2022/2023 ski season is now underway! After quite a few snowstorms that granted early access to the mountains, the Roaring Fork Valley is buzzing with locals and visitors alike. Pre-planning to make the most of your time in Aspen/Snowmass and the Roaring Fork Valley can be challenging. Using Aspen Snowmass Sotheby’s International Realty’s ultimate winter bucket list, hit all the best spots!
Not Ready to Buy? Check Out My Rentals In the Core of Town
Did you know Aspen Snowmass Sotheby’s is the leading full-service, luxury vacation rental agency in the Roaring Fork Valley for renters and homeowners? We offer full-service, luxury vacation rentals with expertise that reaches down the block, up the mountain, and around the world. As the premier brokerage in rentals and sales in the Roaring Fork Valley for over a decade, we are dedicated to delivering unrivaled customer service.
