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Aspen Snowmass Real Estate

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Latest Adaptation Trend – Extended Mountain Stays

Many urban and suburbanites are looking towards the mountains as more than a holiday escape. As the global pandemic continues with no end in sight, people seeking a respite from the stress of crowds see mountain communities like the Roaring Fork Valley (Aspen to Glenwood Springs, Colorado) as the perfect place to relocate for an extended stay.

Mountain homes provide for a welcome change of scenery and access to fresh air and the great outdoors, something in short supply in major metropolitan areas. According to a recent article in the Denver Post, “initial predictions of a wave of panic selling depressing second home prices never materialized. Instead, the opposite has happened. More people are buying in resort areas to escape big cities, and the available inventory has tightened.”

Vacation property rental agencies reported that “not only did occupancy roar back, but guests were staying for long periods of time. [Guests] were either taking extended vacations or, more likely, they were working remotely.”

In fact, “guests have started asking for something that was a rare request before — desks in their rooms.”

“If they can work remotely what does it matter if they are working from their apartment or house or further away,” said [a Denver-based property rental associate]. He also noted that many guests don’t always tell their employers where they are actually located.

Guesty, a [popular] property management software, has seen a 117% increase in reservations of 90 days or more. It is also seeing more spur-of-the-moment rentals. In July, for example, a majority of bookings came within seven days of arrival.

Bookings for holidays periods, including Thanksgiving, Christmas and New Year’s, are running behind they did this time last year, but that might change given the trend to booking closer in. At Gareth Williams Aspen Snowmass Real Estate, we certainly expect those bookings to pick up as the season approaches!

Indeed, given the likelihood that winter resort activities could move to a reservation-only setup, the time to book your accommodations is now. If you are looking for the flexibility to work remotely while taking advantage of everything the Aspen/Snowmass area has to offer be sure to give Gareth a call at (970) 309-7649!

Posted in: Blog, Featured Blog Posts, Real Estate Tagged: Aspen Real Estate, Aspen Snowmass, Aspen Vacation Homes, Aspen Vacation Rentals, COVID-19, Relocation

Gareth Sells Aspen Snowmass Estate for $21.2 Million

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FOR IMMEDIATE RELEASE
May 21, 2019
Contact: Gareth Williams, Aspen Snowmass Real Estate 970.309.7649

ASPEN, COLORADO –Aspen Snowmass Real Estate is proud to announce that Gareth Williams successfully represented the buyer of 1500 Owl Creek Ranch throughout the sales process which just closed for $21.2 million.

Situated on 80 Acres nestled between Aspen and Snowmass, the estate “has everything that my buyers were looking for,” said Williams.  He first noticed this property located in the prestigious Owl Creek Ranch subdivision property when it was listed in 2012 at $37.5 million.  “By 2018 the asking price had come down to $25.5M and was starting to look like a real opportunity for my buyers,” Williams added.

The spacious and luxurious 6-bedroom, 11,722-square-foot home offers everything from a substantial movie theater and guest master wing to a gym and panoramic views of the mountains of Aspen/Snowmass. There is plenty of outdoor space, which boasts 2 ponds, a swimming beach, rolling pastures and views of Mt. Daly, all just minutes from downtown Aspen.

Last month Williams also sold 1227 Alta Vista, a 4400 square foot townhouse adjacent to the Aspen Golf Course for $6,755,000. “We had an above full price offer within a week,” said Williams who was the listing agent and closed the sale in a matter of weeks. Williams adds that the market is still hot for the right properties. Interested sellers and buyers are encouraged to call him at (970) 309-7649.

Posted in: Blog, Featured Blog Posts, Real Estate, Uncategorized Tagged: aspen homes for sale, aspen luxury home, Aspen Real Estate, snowmass homes for sale, snowmass real estate

Aspen/Snowmass Real Estate Trends

What does the start of September mean for the real estate market? The Colorado Association of Realtors’ most recent market snapshot shows last month’s single family home and townhome/condo median sales price is up across the board year-to-date. A new Pew Research Center report details the one generation of Americans who have fully recovered from the housing crash a decade ago. And a Zillow Research report from last month explains when they believe it will be a buyers market!

Midvalley (Basalt, Willits, El Jebel) was a more mixed bag with transactions per month down 21% versus last year but gross volume (total sales amount) up 8.8%. The total year to date transactions are up by almost 13% over 2017, pointing to tighter inventory but solid overall sales. The numbers are taken from current July 2018 records from Pitkin, Eagle and Garfield Counties.

The Garfield County (Carbondale to Glenwood Springs and westward to Rifle and Battlement Mesa) picture in July 2018 was much better with sales, volume and YTD statistics up across the board. Gross volume was up 31%, transactions up just 1% (169 vs. 167), gross volume YTD up 12.5% and YTD transactions up 10%.

Contact Gareth for more information about how these trends could work in your favor whether you’re a buyer or a seller!

 

Posted in: Blog, Real Estate

July and August 2016 Aspen/Snowmass Housing Statistics

Here are the July and August 2016 local monthly housing statistics based off of sales in the Aspen Board of Realtors FlexMLS program.

The reports are broken down by major area for the Aspen/Glenwood MLS listings. The links are provided here for your convenience. Please feel free to share this valuable information.

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aspen-aug-2016-stats

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snowmass-village-aug-2016-stats

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Posted in: Real Estate, Uncategorized Tagged: Aspen Housing, Aspen Real Estate, Real Estate

Latest Aspen Real Estate Transactions – May 23-27, 2016

Grantor: Alice Brien
Grantee: 17 Queen LLC, Aspen
Property: 114 Neale/17 Queen Historic Lot Split Lot 2
Cost: $12,140,000.00

Grantor: B David McDavid
Grantee:  Edgewood Real Estate LLC
Property: Woodrun I Lot 60
Cost: $10,595,000.00

Grantor: James E and Joan Swanson
Grantee: Jeffrey E and Paula B Danoff, Winnetka, IL
Property: Shadow Mountain Lodge Unit 10
Cost: $16,000

Grantor: Edward D Dubord
Grantee: Adam and Katherine Cooper, Basalt
Property: Elk Run PUD Lot 403 Blk 4
Cost: $550,000.00

Grantor: Bell Mountain Trust
Grantee: Ray Everett McNutt II and Katherine Dupps, Aspen
Property: Aspen Villas Unit A2
Cost: $1,195,000.00

Grantor: East Durant LLC
Grantee:  Lewis Trust, Hillsborough, CA
Property: Durant Mall Unit G
Cost: $4,100,000.00

Grantor: Nosan Family II LLC
Grantee: Samuel Eber, Sag Harbor, NY
Property: Aspen Highlands Condo Unit 8208
Cost: $79,000.00

Grantor: Wells Fargo Bank West
Grantee: Gant Condominium Association Inc., Aspen
Property: Mill Street Unit 101
Cost: $985,500.00

Posted in: Real Estate

Gareth Williams Video Introduction

If you haven’t seen it already, check out Gareth Williams’ Intro video on our YouTube channel:

You can also find links to new and interesting videos about Aspen and the ski industry on his ‘liked’ videos:

Enjoy, and, pray for snow!

Posted in: Real Estate, Uncategorized Tagged: Gareth Williams

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About Gareth Williams

As an experienced Aspen real estate broker specializing in vacation rentals featuring luxury lodging at St. Regis Aspen, Ritz-Carlton Club Aspen Highlands and Hyatt Grand Aspen, I provide my clients exceptional pricing and outstanding customer service to ensure a wonderful luxury vacation rental experience in Aspen, Colorado. Gareth Williams Aspen Snowmass Real Estate also offers a comprehensive portfolio of luxury homes for sale in Aspen, Aspen Highlands and Snowmass Village, Colorado. Book online or call me directly! Read more ...

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(970) 309-7649

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