Selling Aspen Update

 

According to William Small (bill@friasproperties.com), about 50% of the houses in Aspen’s Pitkin County are owned by people who live elsewhere. In other words, Aspen residences are often 2nd homes. “This is the highest % of non-primary homeowners in the country,” says Small.

If you appreciate unique home architecture, you’ll like Aspen. You never see 2 houses that are alike and many, thanks to watchful preservation, are of a  historic style not seen elsewhere.

Another shock to an average homeowner like me is the fact that around 80% of Aspen real estate sales are all-cash.  Of the 7 million+ residential properties for sale in one current real estate ad I saw, 4 had significantly reduced prices.  So if you have a couple of million, this is a good time to invest in Aspen.

In other real estate news, Little Annie’s Eating House’s is having a party on September 8, 2012, to celebrate dodging demolition.   It’s historic value saved it.   I was told that the man who bought the entire block where Little Annie sits paid $17,000,000 instead of the asking price of $35,000,000.  There are definitely bargains out there.

Aspen’s legendary Hotel Jerome is closed for a complete remodel until December 15.  Ruth & I watched some men haul out the chandeliers.  On the National Heritage’s list of Historic Hotels of America, the Jerome will surely have a legendary New Year’s Eve party to welcome 2013.

First proposed in 2007, a new Whole Foods Market opened in Basalt at Willits Town Center on  Wednesday, August 15.

Summer retail sales and hotel occupancy rate are better than 2011.  Aspen is on the move.

Hank

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About roadsrus

Since the beginning, I've had to avoid writing about the downside of travel in order to sell more than 100 articles. Just because something negative happened doesn't mean your trip was ruined. But tell that to publishers who are into 5-star cruise and tropical beach fantasies. I want to tell what happened on my way to the beach, and it may not have been all that pleasant. My number one rule of the road is...today's disaster is tomorrow's great story. My travel experiences have appeared in about twenty magazines and newspapers. I've been in all 50 states more than once and more than 50 countries. Ruth and I love to travel internationally--Japan, Canada, China, Argentina, Hungary, Iceland, Italy, etc. Within the next 2 years we will have visited all of the European countries. But our favorite destination is Australia. Ruth and I have been there 9 times. I've written a book about Australia's Outback, ALONE NEAR ALICE, which is available through both Amazon & Barnes & Noble. My first fictional work, MOVING FORWARD, GETTING NOWHERE, has recently been posted on Amazon. It's a contemporary, hopefully funny re-telling of The Odyssey. View all posts by roadsrus

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