If you wanted to describe the housing market in 2014 in one word, it would be meh. "Earlier this week, Stan Humphries the chief economist at real estate site Zillow said the housing market was no longer characterized by the distortions we saw during the crisis. The crash is over. The snapback is over. The era of large investors scooping up tons of distressed properties is over. And so forth. Now Continue Reading

The owners of Sky Hotel filed a proposal with the city of Aspen on Monday to tear down the three-story lodge and replace it with a four-story hotel. The current owners of Sky Hotel are proposing to demolish the existing lodge — located at 709 E. Durant Ave. — and construct a 95,643-square-foot, mixed-use, 40-foot-tall building in its place. The proposed structure would have 94 hotel rooms, Continue Reading

Snowmass Village, Colorado: Erik Cavarra has just closed a Two Bedroom Fractional Residence Club. Residences at Snowmass Club Listings: 17 Unit Type Total # of listings on Market Avg Days on Mkt Avg Listing Price # of Closings Since Jan 1, 2013 Avg Price of Closing/Sale 2 Bed SMC 3 418 $108,333 6 $98,167 3 Continue Reading

Aspen, Colorado:  Today, Erik Cavarra features an article related to the Aspen Daily News. Developers argue that condos in Boomerang would be rented nightly After city officials criticized a plan for the long-vacant Boomerang Lodge site as too much free market condo for too little hotel room, the developers have tweaked the proposal to more closely balance the two. The most recent plan, Continue Reading

The Carolwood estate in L.A.’s coveted Holmby Hills neighborhood has sold for $74 million, the Wall Street Journal reports. The home, once owned by Walt Disney, never hit the MLS. As an exclusive, off-market listing held by The Agency, the property was first advertised for $90 million in October 2012. It marks the fourth most expensive home sale in the U.S. so far this year. The leader of the Continue Reading

New York: Erik Cavarra features this awe inspiring look at Manhattan's most expensive Condo. For the billionaire looking for the latest trophy/investment, a verrrrry interesting proposition has just popped up.   The Woolworth Building cupola. A nine-story penthouse there. That's a home "second only to placing penthouses atop the Chrysler Building or the Empire State Building," the New Continue Reading

Today, Erik Cavarra features a $89.9, retreat with over 32,000 square feet, 15 rooms, and over 55 acres of prestigious Aspen Property. Property Type: RES w/Improvments N/A Address: Tbd Tbd Aspen, CO 81611 Status: Active Asking Price: $89,999,000 List Number: 134503 Type: Single Family Area: 01-West Aspen Major Continue Reading

Aspen, Colorado: Today, Erik Cavarra features an article written regarding the Explore Booksellers in Aspen. Sam and Cheryl Wyly, the second-homeowner couple who in 2007 purchased Aspen’s Explore Booksellers, have listed the Main Street property and business for sale for $6.5 million, according to a local real estate broker. The Wylys bought the bookstore and the 6,000-square-foot lot it Continue Reading

Today, Erik Cavarra Features a little Hollywood.  The Chicago-area home that starred in "Ferris Bueller's Day Off" has, after five years, sold for $1,060,000. That's about half its original asking price. Big news today in two worlds that rarely intersect, midcentury modern architecture and quintessential 1980s movies: the Chicago-area home that starred in "Ferris Bueller's Day Off" has, after Continue Reading