December 2013
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Happy New Year, One and All!
It’s been the best opening for Colorado snow conditions in a decade, stocks are up, and the real estate market is recovering. That makes for a very nice finish for 2013 and a great way to start 2014!
The holidays are such a busy time for so many people. I hope you get the time (or make it) to thank your favorite grocer, your postman, whoever it is you see on a regular basis and who probably wonders if you even know their name. It’s such a gift to make people feel special.
REAL ESTATE
Getting back to real estate, we have seen prices rise across the board on all different types of property through the Roaring Fork Valley. And if you’re wondering about the sales volume….we expect to break a Billion Dollars in volume. See the graph below to see the reason why.
The attachment shows 3 graphs; top left is number of new listings versus number of sales from 2008 to 2013. Graph top right shows us how the inventory has taken a sharp decline, and the graph at bottom left shows the average number of months it takes a property to sell. A quick and dirty overview. All positive news in regards to real estate in our Valley.
In January, expect my Market Update to give the final tally of the last 12 months.
NEW IN ASPEN
If you’re in town or coming , check out “Acquolina”, a new Italian restaurant in the Gisella location. Or try “Zeno” at the former Il Mulino, next to the Aspen gondola building. The Caribou Club is opening the “Caribou Bar” in the Hyatt. It might be a fun place to Apres Ski. “Bootsy Bellows” from L.A. Is opening a nightclub in the former Syzygy location. And , as always, expect more new restaurants to open as the winter season progresses.
I wish you all a wonderful Holiday Season with quality time to enjoy your family and loved ones.
All the best of abundance in the New Year!
Merry, merry!