Snowmass Base Village soon to be under new ownership

http://www.snowmasssun.com/article/20120501/NEWS/120509999/1064&ParentProfile=1039

Jack Nicholson lists home in Aspen West End

http://www.aspenbusinessjournal.com/article/id/1404/sid/10

Aspen Business Journal 2012 Real Estate Report

Real Estate sales in January 2012 showed a significant improvement over last year but February sales report a different story. Click on the link to read the full report: http://www.aspenbusinessjournal.com/article/id/1397/sid/10

Dancing Bear

Continual good news for the Real Estate market in Aspen. The Aspen Times is reporting that "the Dancing Bear upscale fractional-ownership development has endured receivership, bankruptcy and foreclosure proceedings. Now it is under contract to change ownership.

The Dancing Bear, located at the corner of North Mill Street and Durant Avenue, was billed as a two-phase development. The first phase was completed and with fairly brisk sales for the fractional product. In addition, located on the ground level, Brexi Restaurant has been in business offering an added amenity to not only the ownership but it is open to the general public. The second phase, located at the old Chart House location remains partially built with the ability to build out a 11 unit condominium project.

The lift 1-A area remains one of the last sections of the central core to Aspen that is targeted by the City of Aspen as the last piece to help redevelop and revitalize this section of town. The potential completion of the Dancing Bear project is just one piece of the Lift 1-A puzzle that will help spur this redevelopment.

Aspen - Snowmass Real Estate Rocks

Once again, the real estate market in Aspen-Snowmass Village makes headlines. To view more information on the luxury home market click on the link http://www.aspentimes.com/article/20111201/NEWS/111139971/1077&ParentProfile=1058

The Snowmass Base Village is ready for the next step

The foreclosure proceedings for the Base Village @ Snowmass is a thing of the past. Ownership is strictly and soley in the hands of the German Banks. This will allow the Banks to enter into negotiations and sell the development rights to those parties interested in continuing the build out of over 600 condominiums. This is the catalyst that will help ignite the Snowmass Real Estate market. To read the article click on the attached link; http://www.aspentimes.com/article/20111117/NEWS/111119857/1077&ParentProfile=1058

Pitkin County Sales Report

There has been a definite upward trend of sales transactions in Pitkin County during the month of September and October. To see the full report contact Robert Goldstein.

Land Title Pitkin County Market Analysis - September 2011

Summary for the month of September

• September was the strongest transaction month since April 2008, with a total of 86
  
• September boasted the second strongest dollar month of the year
  
• $137,723,013 - total dollars for the month, an increase of 38% from September 2010
  
• 86 - total transactions for the month, an increase of 38.7% from September 2010
  
• Through September, dollars total $977,073,114 - an increase of 18.8% from same time period 2010
  
• Through September, transactions total 584, an increase of 16.8% from same time period 2010
  
• Aspen posted 34 transactions and $88.7 million, Intervals posted 24 and $8.8 million, Basalt 9 and $7 million, Snowmass Village 8 and $16 million, Old Snowmass 5 and $15.4 million, Woody Creek 2 and $449,440, Carbondale 1 at $1.04 million, and Redstone 1 at $250,000.  The remaining $6,000 was 2 quit claim transfers with doc fees
  
• Bank Sales for the month totaled 3 with a dollar volume of $1.74 million.  This accounts for 3.5% of the transactions and 1.3% of the dollar volume

• 1 - Aspen, 1 - Basalt, and 1 - Interval Unit

• Through September, there have been a total of 45 bank sales in the county with a total of $30.3 million.  This accounts for nearly 8% of the transactions and 3% of the dollars
  
• Notable sales for the month included:  Highest Priced - $9.6 million for a single family residence in the City of Aspen, Highest PPSF - $2,858/foot for Commercial office space on Main Street with a sales price of $314,388
  
• The average single family sold price through September is $4,118,399 - a decrease of 5% from full year 2010
  
• The median single family sold price through September is $3,537,500 - an increase of 11% from full year 2010
  
• September fractional dollars totaled $8,772,000 - a decrease of 7% from September 2010
  
• September fractional transactions totaled 24 - an increase of 26% from September 2010

• Hyatt Grand Aspen - 14, Ritz Carlton - 4, Little Nell - 2, Roaring Fork Club PUD - 2, Roaring Fork Club Suites - 1, and St. Regis - 1

• Through September, fractional dollars total $75,886,799 - an increase of 5% from same time period 2010
  
• Through September, fractional transactions total 175 - an increase of 31% from same time period 2010