ASPEN—If there’s such a thing as a “new normal” when it comes to real estate sales, then the Aspen/Snowmass market just might be knocking on that re-calibrated door these days. While Pitkin County saw double the dollar volume in sales during July, $78.7 million, as compared to the same month in 2011, the base number was the weakest single month in at least seven years. All told, there were 47 Continue Reading

ASPEN—A Starwood estate associated with a national political sex scandal is on the market for $19.95 million. Real estate blog Curbed.com reported earlier this week that former presidential candidate John Edwards’ pregnant mistress Rielle Hunter hid out during the 2008 presidential race in a 14,000-square-foot stone Starwood mansion designed by architect Robert A.M. Stern, prior to the scandal Continue Reading

VAIL—A mediation in Denver this month among parties involved in various lawsuits at the Club at Cordillera, one of Vail’s most prestigious neighborhoods, resulted in an agreement to end legal wrangling and sell the club by the end of the year. The complex deal still needs to work its way through federal bankruptcy and county court systems, but club members and owner David Wilhelm, who filed for Continue Reading

ASPEN—Real estate sales in Pitkin County were up 17 percent in dollar volume and down 9 percent in number of transactions for the month of August. And while overall dollar volume is lower than it was in 2011, the gap is narrowing, and the general feeling is that the market is on the rise. Land Title released its August market analysis on Wednesday, which covers all property transfers throughout Continue Reading

ASPEN—Housing prices across the country may be rising on the lower end, but that trend isnʼt necessarily being felt in the Aspen area. Yet there are indicators emerging that owners who wish to sell properties that are priced below $1 million should find encouraging. “There are positive signs that the market has been scraping along the bottom and the worst is over,” said broker Tim Estin of Mason Continue Reading

ASPEN—The building currently housing the Gap sold on Thursday for $13.25 million to Chicago real estate developer Mark Hunt, one of the partners in the Hotel Jerome who also bought the Mill Street Mall building that now houses the Above the Salt restaurant. If a redevelopment proposal receives final approval in December, Hunt plans to demolish the one-story, 11,000-square-foot building at Galena Continue Reading

GLENWOOD SPRINGS — In less than a month, the Iron Bridge golf subdivision is expected to be turned over to a new owner, or several new owners, depending on results of an auction being conducted by a Chicago-based auction house. Sheldon Good & Co., the auction house, has set a deadline of Nov. 14 for sealed bids on all or part of the Iron Bridge project, which is between Glenwood Springs and Continue Reading

ASPEN — The number of foreclosure filings reversed course in the Roaring Fork Valley in the third quarter of this year. Filings during the first half of the year looked like they were going to eclipse the record pace of the first half of 2011. That led to speculation that lenders were finally getting around to lowering the boom on beleaguered homeowners who struggled through the recession to hold Continue Reading