What does resort real estate look like for this “comeback”?
Aspen has been a top destination for summer and winter for years. So, hopefully, we can start booking next month for our big seasons like always. Families will be searching for the safest, most beautiful places in America because they WILL avoid Europe or other overseas destinations.
Aspen WILL BE A NUMBER 1 CHOICE.
The following closings over the past few weeks are a pretty good indication of that theory:
630 E Hyman Ave: 2,824 sq ft penthouse across from the Aspen Art Museum closed at $11,234,000 - $3,978 per square foot. Seller paid just over $6,200,000 in 2012 and kept a few extra spaces on the lower levels. The buyer has been watching Aspen prices for a while and it is arguably one of the premier penthouses in the center of town.
400 W Hopkins Ave: 5,000 sq ft penthouse about 10 blocks west of the one above closed at $9,800,000 - $1,960/sq ft. The buyer had been coming to their Aspen family home for years from Texas and now has a family of his own.
700 E Cooper: a 4,350 sq ft townhome across from City Market less than 2 blocks to the gondola closed for $10,200,000 - $2,344.83 per sq ft. It needed a total gut. This buyer is a family from the SE US who already own a few homes in Aspen and needs “overflow” housing.
125 Stillwater: a 9,000 sq ft home closed for $20,000,000 - $2,140.89 per sq ft.
Wright’s Road: a 4,844 sq ft home sold for $6,500,000 - $1,341.87 per sq ft. Another Buyer who has rented in Aspen for years and saw an opportunity. This was a good deal!
CLICK HERE FOR CLOSINGS SINCE MARCH 1st
With the “powers that be” we are hoping we will be open for business sometime in June and think our purchase, sale, and rental market will come back strong.
We also know some sellers who are just tired (or bored) with hanging on to their listings that were testing the market. We think you will find some fair buys that we will help with win-win negotiations.
We are ready to help you in any manner, even to discuss how we can stage for a quicker sale. We can send you virtual tours of homes to purchase or rent.