According to William Small (email@example.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.