Top of the Superrich’s Real-Estate Wishlist: New York, Aspen

The superrich have been busy scooping up luxury pads around the world. Last year, they liked nowhere better than the U.S.
New data from a study of “ultra-high-net-worth individuals” – richer still than the 0.1% – show that their swelling ranks are increasingly storing wealth in multimillion-dollar mansions around the world.
When a location gains favor with these cash-abundant buyers, defined as those with at least $30 million in assets, luxury home prices tend to jump. And in 2014, New York and Aspen saw prices rise 18.8% and 16%, respectively, putting the cities first and second on a list the 100 global locations featured in Knight Frank’s Prime International Residential Index. (You can see the full index here.)
Renewed confidence in the U.S. economy has helped attract wealthy investors “focused on key safe-havens, where they consider the market safe enough to put their money into bricks-and-mortar,” said Kate Everett-Allen, head of international research at the firm.
San Francisco and Los Angeles were also in the top 10. Overall, luxury property in U.S. cities analyzed saw prices rise by almost 13% on average.
Others regions were shunned, especially second-home destinations in Europe like Cannes and Tuscany. Compared to the U.S., “the disparity with Europe’s cities is stark,” said Ms. Everett-Allen said.
This “relatively simple narrative, undented by even the global financial crisis, has dominated our analysis” since the report was first published in 2007, said Liam Bailey, global head of research at Knight Frank.
The number of ultra-high-net-worth individuals rose 6% to 211,275 in 2014, according to a report last Thursday from Wealth-X and Sotheby’s International Realty.
Cumulatively, these UHNWIs are worth $29.7 trillion, and of that, $2.9 trillion is held in residential real estate, with each UHNWI owning 2.7 properties on average, the Wealth-X report says. Read full article

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New acts for Bud Light Hi-Fi Concert Series

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The rock band Cracker, New Orleans’ Dirty Dozen Brass Band and reggae group Iration will perform at the Bud Light Hi-FI Concert Series this winter, the Aspen Skiing Co. announced Monday.

The three newly announced acts complete the lineup for the five-date series. Previously announced artists are SBCR, of the Bloody Beetroots, who will perform at Gondola Plaza on Jan. 24 during the X Games weekend and jam band Umphrey’s McGee, which plays downtown at the corner of Galena Street and Cooper Avenue March 13 during the annual Spring Jam CORE party.  Read More with Aspen Times

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Aspen area real estate sales near $1.5 billion in 2014

A downtown Aspen penthouse sells for $3,100 a square foot, an outside developer stays bullish on commercial property, and total sales approach $1.5 billion.  Those were among the highlights of the Aspen-area’s real estate scene in 2014.

Aspen City Council passed an ordinance two years ago banning the construction of penthouses in the downtown core, but the ones that have been built attracted big dollars in 2014. That included the November sale of a penthouse, which is located on the top floor of the Muse Building on Hyman Avenue, for $15.8 million. The sale of the 5,053-square-feet residence translated to more than $3,100 a square foot, a figure that observers considered a record amount for a penthouse.  Read More

Check out Whitman Fine Properties Aspen Core Penthouse listing.  To be completed Fall of 2015.

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Aspen-area real estate strong through third quarter

The Aspen-area real estate market maintained a strong pace through the third quarter compared with last year, even though sales slumped in September.

The dollar volume of all sales year-to-date through September in Pitkin County was $1.12 billion, according to a monthly analysis by Land Title Guarantee Co. That is an increase of $135.1 million, or 13.7 percent, over the volume through the third quarter of 2013, the report showed. Read More…

Check out one of WFP’s investment opportunities.

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Aspen businesses record setting sales in Sept: $41.66 million

Aspen retailers and other businesses set a record in September with $41.66 million in sales, an 8.3 percent increase compared with $38.46 million in the same month last year, according to the city’s monthly consumption report.

Accommodations, the economic category representing hotel and lodge bookings, garnered a little more than $10 million during the month, a 20 percent increase over the $8.3 million the city reported in September 2013.

To read the full Aspen Times article click here.

 

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Real estate sales are up by 22.5 percent in 2014

The Pitkin County real estate market is bouncing along at a much stronger clip than last year even though sales slipped during the summer months compared with 2013.

A report released this week by Land Title Guarantee Co. showed that the total dollar volume of all sales was $917.07 million through August, compared with $750.10 million over the same period last year.  To see full Aspen Times article Click Here

Check out one of Whitman Fine Properties’ exceptional Real Estate opportunities, Riverbluff Townhome with stunning views just steps from town.

Aspen Riverbluff Townhome

 

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New to Aspen Restaurants – Summer 2014

Aspen has a thriving food scene, from cocktails and steaks to beer & BBQ! Check out a few of the new openings around town this summer:oysters jimmysPhoto from JimmysBodega.com 

Bootsy Bellows | Tapas by Day, Lounge by Night!
R&R Restaurant | Modern Contemporary Cuisine; Corner of Hyman Ave. & Mill St
Jimmy’s Bodega | Seafood; Former Pacifica space.
The Dollar Bar | Beer & Burgers; Former Double Dog Pub space.
HOPS Culture | Craft Beer & Gourmet Mac&Cheese
El Ricon | Modern Mexican
David Burke Kitchen | Opening Soon!

Now serving lunch!
bb’s | Best patio lunch & nighttime lounge in Aspen!

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Image from bbskitchen.com

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BREAKING NEWS: New luxury development planned at Lift 1A

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The brand new development planned at the base of historic Lift 1A has been announced! 14 luxury town homes with unique and luxurious finishes are to be built in the most coveted area of Aspen.

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Renderings show phenomenal picture widows, custom metal work and privacy backing right up to Aspen Mountain. You quite literally could not be closer!

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This will be a very high-demand complex, with only 14 units to be sold, and 1 already reserved! With six custom floor plans, unique layout and phenomenal location, this incredible opportunity will not be available long!

As a permanent residence, ultimate vacation home, or lucrative rental property, this new complex is a must-see.

For more information on the property, give us a call at 970-544-3771.

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Farmers Markets are in full swing!

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You know summer is here when the farmers markets from Aspen all the way to Glenwood are finally in full swing. The heat is getting stronger here in the valley and the local gardens are starting to produce some amazing crops!

For all your organic vegetable, sustainable meat, and local dairy needs, check out these farmers markets this summer:

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  • Aspen Saturday Market: Saturday 10am-12pm
  • Snowmass Market: Sunday 9am-2pm; Base Village; Starts July 13!
  • Basalt Farmers Market: Sunday 10am-2pm, Main St.
  • Carbondale Farmers Market: Wednesday 10am-3pm; 4th St. Plaza

 

 

Lastly, don’t forget about the recently moved Buttermilk Fruit Stand! For years the fruit stand has offered amazingly fresh fruits and vegetables, most especially their peaches! Due to construction at Buttermilk, they have re-located for the summer to the Cozy Point area, right at Brush Creek Rd. and Hwy. 82. Stop by and say hi!

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Fourth of July in Aspen/Snowmass – Parade and Wanderlust Yoga Festival!

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Summer is an incredible time to experience the Roaring Fork Valley! While naturally touted for its ski runs and winter sport fun, the Rocky Mountains truly come alive in the summer. With unbelievable mountain hikes, river rafting & fishing on the Roaring Fork river, everyone is sure to find something they love in Aspen.

Aspen Fireworks 4th of July

Aspen’s Fourth of July parade is a local institution, celebrating Independence day with a local twist. Over 20,000 locals and visitors come into Aspen to enjoy the traditional parade down Main Street. For all-day entertainment, enjoy the Air Force jet flyby, multiple concerts, and a children’s bicycle rodeo. Round out the day with a spectacular fireworks show over Aspen Mountain, illuminating the mountain under the stars!

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In Snowmass, thousands of yogis from around the country will converge to celebrate. Wanderlust Yoga Festival, a national traveling celebration of yoga, music, speakers, chefs, performers, is a phenomenal experience for any age! Explore the nature wonder around Snowmass, attend a yoga class, shop the local, organic, fair-trade marketplace, or try a new food! On Thursday night, check out the free “Wanderlust Spectacular” show. Featuring acro-yogis from around the country, this is the Cirque du Soleil of yoga. On Friday, Wanderlust featured concert is Jurassic 5, music only tickets can be purchased for $25. Check out http://aspensnowmass.wanderlustfestival.com/ for more information.

Summer is an incredibly busy time in Aspen, with festivals and concerts galore! With the amazing, summer-only outdoor experiences, you can’t miss the best season in Aspen!

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