The city of Aspen is looking to purchase three studio condominiums on East Hopkins Avenue for $309,000. The three units, ranging from 417 to 428 square feet, are located in “the Edge of Ajax” complex and are for sale by the Ulrych Estate. Deed restrictions associated with the units require rents of $402 and $412 per month, which are below the city’s Category 1 rent level of $460. The deed Continue Reading

Aspen, Colorado: There's just something about Aspen, the allure, the draw, the esteem, the location, the beauty, the zip code. Erik Cavarra Shares an update regarding the Aspen's Core. As the new “Aspen 1” building — the former location of The Gap clothing store — nears completion, several high-end luxury retailers are preparing to set up shop early next year. Theory, which had a Continue Reading

El Jebel, Colorado: After closing on the Shadowrock Development only a few weeks ago, Erik Cavarra has already placed (5) Units located on Overlook Drive Under Contract: Unit 201, 203, 205, 207, 209 are now pending and under contract to a BULK Buyer.  The Unit mix consists of (2) Four Bedrooms & (3) Three Bedrooms.  The Four Bedrooms are roughly 2,696 square feet, and the Three Bedrooms are Continue Reading

Snowmass Village, Colorado: Erik Cavarra features a NEW restaurant opening in Base Village: Ski season has started, and so has business at Base Village’s newest restaurant. Ricard Brasserie and Liquor Bar, opened by executive chef Tim Goodell, of Los Angeles, will serve French country fare for breakfast, lunch and dinner in the space formerly occupied by Sneaky’s Tavern. It opened Nov. 23 with Continue Reading

Aspen, Colorado Today, Erik Cavarra examines the Negative Equity Rate: We are not out of the water yet, and the evidence of that is that 10.8m homeowners still have properties under water. The national negative equity rate fell at its fastest pace ever in the third quarter, dropping to 21 percent of all homeowners with a mortgage, according to the third quarter Zillow Negative Equity Continue Reading

Aspen, Colorado: The Snowmass Club has it all: 19,000 sq foot athletic club, 13 tennis courts, golf course, outdoor pools & spa, (3) restaurants, private shuttles & transportation, and beautifully appointed two, three, four & five bedroom Residences. Compass Best ski resorts for non-skiers (Photo: Spring Creek Ranch)   It might seem as if Continue Reading

Aspen, Colorado: Restaurants, Eating in Town An open secret around Aspen for the last few weeks has been confirmed: The South Mill Street restaurant Pacifica has closed its doors. Owner Russell Hoffberger said that the business has been lucrative but that it’s simply time for him to move on. He is trying to sell the assets, chiefly restaurant equipment — along with a lease that doesn’t Continue Reading

Erik Cavarra focuses on the Luxury Markets within the U.S. Featured properties include the most expensive Homes within the United States. U.S. housing markets are hot again after a slump. But mega-mansion prices have been on an upward trajectory for awhile. "Over the course of the last few years, we have seen a definite shift higher in pricing at the very top of the market," said Rick Continue Reading

Erik Cavarra showcases what you might expect in the futuristic home of the future:     Bend, OR 61623 Hosmer Lake Dr, Bend, OR For sale: $2.599 million Boasting modern white furnishings and a sleek, open floor plan, this home is currently on the market for $2.599 million. Everything from the bathroom vanity to the light fixtures has modern flair. Click here to Continue Reading