As the downvalley community in the Roaring Fork Valley has grown, so has the demand for more educators and bigger schools. In an informal meeting held last week, Superintendant Haptonstall and Principal Suzanne Wheeler-Del Piccolo addressed some rising concerns of 50 parents, including the crowding in Basalt schools and lack of long-tenured educators. (more…)
Land Title Guarantee Company released this week their report on the 2008 real estate market for Aspen and Pitkin County. Many were expecting bad news for the Aspen real estate market, so it wasn’t a surprise that some of the figures for 2008 were the lowest since 2003.
The sales volume for all of Pitkin County was $1.37 billion, a 46% drop from last year. Keep in mind that 2006 was a record high year for Pitkin County with a sales volume of $2.6 billion, and 2007 was just slightly lower at $2.5 billion. The sales volume for 2008 was at the same level as both 2003 and 2004 which were $1.1 billion and $1.6 billion, respectively.
The silver lining for 2008 was the median sales price for single family homes. Pitkin County’s single family median home price was $5.1 million, up 10% from 2007. Single family home prices went up 4% in Aspen and 7% in Snowmass Village, and Basalt real estate showed a16% increase for single family home sales in 2008.
From this report, we can confirm that real estate in Aspen, just like the rest of the world, will go up and down in sales prices and volume. Yet, the first rule in real estate–location, location, location–will always apply, making Aspen luxury real estate always in demand.
Ajax Tavern is just steps away from the Residences at The Little Nell
Frying Pan River in Winter
Residents of Aspen, Basalt and the Roaring Fork Valley are very lucky to have direct access to some of the most beautiful Gold-Medal waters in the country, including the Roaring Fork & the Frying Pan Rivers. (more…)
