Erik Cavarra: (Eugene, OR) -- Sales at North American fractional real estate developments increased 4 percent in 2011 to $552 million from $530 million the previous year, according to the latest study by fractional resort real expert Richard Ragatz of Ragatz Associates. Ragatz released the findings of his annual research paper, "The Shared-Ownership Resort Real Estate Industry In North Continue Reading
Aspen, Vail Lag other real estate Markets
Aspen: Colorado Although the Aspen real estate market has stabilized, and the inventory of properties for sale in the first half of 2013 is down 11 percent over the same time last year and down 31 percent since the first half of 2009, inventory continues to be comparatively high. Current inventory is 68 percent higher, and property sales are 32 percent less, than what they were in the first Continue Reading
Six years after selling the majority of its commercial properties in Base Village to Related WestPac for $169 million, Aspen Skiing Co. is looking to get back in the game….
Snowmass Village, Colorado: It's great to know that Base Village will Ultimately be completed. What's worse, having a Village that sits half completed after 8 years, or having a new hotel added to an already competitive market? Is there a enough demand for a (3rd) new hotel in Snowmass? That is the ultimate question. How will the addition of a New Hotel compete with existing condo and Continue Reading
Luxury Home Market Slow Down
Aspen, Colorado: Two homes sold at Auction on Tuesday for a % of their original list price. 1121 Red Mtn Road: Original Ask Price was $24m, sold for $9.75m plus a 10% buyers premimum. Buttermilk Manshion: On the market for over 5 years with an original List Price of $48m sold for $15.8m. The most exepensive home sale in 2013 in Snowmass Village was sold by Erik Cavarra for $8.5m and Continue Reading
Erik Cavarra Closes Two Bedroom Residences at Snowmass Club Unit
Snowmass Village, Colorado: Property Type: Fractional Address: 0239 Snowmass Club Snowmass Village, CO 81615 Status: Closed Asking Price: $124,000 List Number: 129935 Type: Condo Area: 02-Snowmass Village Major Area: Snowmass Village Sub/Loc: Snowmass Continue Reading
Erik Cavarra Closes Shadowrock Unit 158 Juniper Trail, El Jebel Colordao
Basalt/El Jebel, Colorado: Erik Cavarra has closed a 4 bedroom Residence in El Jebel & Basalt, Colorado. Property Type: RES w/Improvments Townhouse Address: 158 Juniper Trail Basalt, CO 81621 Status: Closed Asking Price: $590,000 List Number: 129041 Type: Condo/Townhouse Area: 05-El Jebel Major Continue Reading
Erik Cavarra places 5th Residence Under Contract at the Residences at Snowmass Club
Snowmass Village, Colorado: Erik Cavarra has placed the 5th Residence Under Contract within the Residences at Snowmass Club. Beginning the Season with (12) Three Bedroom Residences on the Market For Sale, Erik Cavarra has sold (1) Residence and has (5) Pending Sale. There are only (5) Three Bedrooms Listed for sale. Nestled within 210 acres of Rocky Mountain perfection, the 40 finely Continue Reading
Mountain Sage Phase II Breaks Ground: Carbondale, Colorado
Erik Cavarra, Carbondale; Colorado: What are the Mountain Sage Townhomes?: Mountain Sage Townhomes consist of a Planned Unit Development within the Core of Carbondale, Colorado. After gaining approvals from the town of Carbondale in 2007, the original developers of the Mountain Sage Townhomes built the first 14 of the 26 approved units and then lost the development in Foreclosure. Erik Continue Reading
The aging condo market: Aspen, Colorado
Erik Cavarra- Aspen, Colorado Aspen City Council has recently discussed the need to upgrade the inventory of condos for rent to make Aspen more competitive with other major ski resorts. The last great Aspen condo building boom took place back in the in the 1960s and 1970s. The aging condo inventory may also be having a detrimental effect on the overall vitality of the Aspen real estate market. Continue Reading
Foreclosures fall 50 percent in Roaring Fork Valley
Foreclosure filings plummeted in the Roaring Fork Valley during the first half of the year compared to the same period in 2012. Foreclosure filings fell 40 percent in Pitkin County to 34 through June this year compared to 57 through June last year, according to a report compiled by Garret Brandt In the Roaring Fork Valley portion of Eagle County, foreclosure filings dropped 41 percent to 17 Continue Reading
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