The Big Red Book – Annual Aspen-Snowmass-Basalt Real Estate Report
MARCHING TO OUR OWN BEAT
Looking back at the 2011 Upper Roaring Fork Valley real estate market, there are so many interesting trends that developed: Listing Inventory dropped 10% and then stabilized; Prices in the Central Core and West End neighborhoods in Aspen began to “turn the corner” ever so slightly; Sales of $10 million + homes in Aspen/Snowmass grabbed headlines; Basalt posted off-the-chart increases in the Number of Sales (at the expense of Sellers in short-sale and foreclosure situations)…and the story continues.
What became abundantly clear is that the old real estate maxim, “Location, Location, Location”, is more pertinent than ever. We choose to ignore broad-brush statements about the local real estate market – news headlines trying to lure readers with phrases like “Worst month for resort real estate in years”, and rhetoric encouraging Buyers to get in before “the best opportunities” disappear. Every neighborhood is different; location matters.
That’s why we publish this report. General statements about the market can be interesting and sometimes helpful, but until you peel back a few layers it’s difficult and downright inaccurate to dole out advice to individual Buyers and Sellers. So, enjoy the high-level observations we’ve assembled and gear up for the nitty-gritty details we provide about our local market (many of which you won’t find anywhere else). Onward!
