The Simple Principles of Supply Versus Demand. A lot of supply = a downward pressure on the market. Less supply = an upward tick in the market with higher dollar volume achieved. In examining the Aspen & Snowmass Real Estate Market, one thing is for certain, the simple economic principles of Supply Vs. Demand still are a true indicator for the real estate market. If your selling or Continue Reading
Archives for March 2013
Aspen area real estate market reverses course in early 2013
ASPEN—As the Aspen-area real estate market takes a breather from its torrid pace at the end of 2012, some indicators are pointing toward less high-end activity than in the last two years—although it may be too soon to tell. There were definitely more real estate sales on the lower end of the market in the first two months of 2013 than during the same time period the year before. Dollar volume Continue Reading
Johnny McGuire’s building sells for $1.5 million
Another prominent Aspen building has changed hands, and the new owner is becoming an increasingly familiar name on the downtown commercial scene. The owners of Johnny McGuire's sandwich shop and the Domino's pizza franchise sold the building housing their businesses earlier this month for $1.5 million. The buyer, 730 E. Cooper LLC, is an entity controlled by Chicago and Aspen businessman Mark Continue Reading
Paragon commercial spaces go for nearly $6 million at foreclosure sale
Three commercial spaces in the Paragon building on the Hyman Mall fetched $5.925 million at a foreclosure sale on the Pitkin County courthouse steps Wednesday morning. The sole and winning bidder was an LLC set up by Torchlight Loan Services of New York, a national manager of distressed commercial loans, which acquired the deed of trust last week from US Bank National Association, which in turn Continue Reading
Actor Jack Nicholson sells Colorado Residence: Aspen, Colorado
Property Type: RES w/Improvments N/A Address: 206 Lake Avenue Aspen, CO 81611 Status: Closed Asking Price: $15,000,000 List Number: 124648 Type: Single Family Area: 01-West End Major Area: Aspen Sub/Loc: Hallam Addition County: Pitkin Bedrooms: 5 Baths: 6 Baths - Half: 2 Baths - Continue Reading
Erik Cavarra has just Placed a 4 Bedroom Meadow Ranch Home Under Contract
Snowmass Village, Colorado: Erik Cavarra has just placed a Meadow Ranch Four Bedroom Residence Under Contract. The property was only on the Market for 5 Days and has now gone Under Contract with a set Closing Date of 30 days. Property Type: RES w/Improvments N/A Address: 280 Meadow Ranch Snowmass Village, CO 81615 Status: Pending Asking Price: Continue Reading
Erik Cavarra has just placed the Willow Ranch Development in Rifle, CO Under Contract
The Willow Ranch Development Opportunity will Close in May 2013. Erik Cavarra is excited for the Town of Rifle. The project will consist of 26 New Duplex Units being Constructed. The Listing was only on the Market for 67 days. Property Type: RES w/Improvments N/A Address: 120 West 26th Rifle, CO 81650 Status: Pending Asking Price: Continue Reading
Erik Cavarra has just placed a Three Bedroom Residences at Snowmass Club Under Contract
With a listing date of only (1) business day, Erik Cavarra was able to place a Residences at Snowmass Club Under Contract. This will make (4) Pending Listings within the Residences during the Spring Season. Erik Cavarra is excited with the re-vitalization of the Snowmass Club which is now under NEW Ownership with the Toll Brothers Golf Division. Erik believes that with the move towards the Continue Reading
Snowmass Club sells for $9.1 million
The Snowmass Club changed hands on Friday for $9.1 million, according to Pitkin County Clerk and Recorder records. Erik Cavarra believes Toll Golf will revitalize the Club and are true Club operators which will add a distinct advantage in the market. The sale includes the club, its facilities, two restaurants and the 18-hole, semi-private golf course. The Aspen Skiing Co. went under contract Continue Reading
Snowmass Village: A Look at the Market
Erik Cavarra discusses valuations for appreciation within Snowmass Village, Colorado. Today, Erik focuses on the Townhome Market with Average Price Points of $2.5 - $5.5m. All of the following properties are comparable in data with having ski access and similar amenities within the specific locations. Erik Cavarra explains that when analyzing the market and looking at recent sales and Continue Reading
