Tag: Aspen

Luxury housing market inspires ‘total frenzy’ in vacation-home boom towns like Aspen, Palm Beach and Lake Tahoe

In the third quarter, luxury home sales jumped 41.5%, the biggest year-over-year shift since 2013, according to Redfin. And while real estate agents repping luxury homes aren’t seeing as many bidding wars as they did this summer, the message across the company was the same: their respective markets are crazy right now.

“What we’re seeing here in Palm Beach is a total frenzy,” Dana Koch, a sales associate with Corcoran Group, the Koch Team in Palm Beach, told HousingWire. “I’ve had many conversations with clients of mine from late April through early July, the margin was total pandemonium. And, since early July to now, it’s just getting very busy.”

A recent report from Douglas Elliman and Miller Samuel revealed that the average home price in Q3 in Palm Beach was $7 million. Contracts during this time also skyrocketed 62%.

While the Palm Beach market has not seen a lot of bidding wars, Koch said that a lot of the inventory has been absorbed and properties are getting multiple offers.

Since it’s a summer destination, Palm Beach’s busy season for home-buying starts on Nov. 1, and runs through May 1. Koch said that since this summer — typically the home-buying off-season — was busy for buyers, he thinks it will only get crazier.

“We normally average roughly like $200 plus million on an annual basis, and during the first three quarters, we’ve sold $350 million worth of real estate,” Koch said. “So it’s been a crazy year. It’s been a very profitable year.”


NAMB leads brokers in advocating for consumer data privacy

The National Association of Mortgage Brokers has been advocating for mortgage brokers for almost 50 years. We spoke with NAMB’s President and NAMB’s lobbyist about the organization’s past and current legislative efforts.

Presented by: NAMB

Over where the weather is colder, Steven Shane, a Compass real estate agent in Aspen, Colorado, said that buyers are coming from all over Texas, Florida, New York and California.

Shane said that schools in Aspen have increased their enrollment, as families are putting their roots down where they can have more space.

“I think that there’s a lot of people who rented, put their kids into school, and now, interest rates are so low, if you think about it, it makes a heck of a lot more sense to buy something than to pay rent,” Shane said. “So a lot of the people who came here initially may have rented just to get a place and now are looking to buy a home.”

From hiking to skiing and fishing, Shane said that people want to be able to get out and be able to stretch their legs if they’re working from home, and they can do that in Aspen.

“People learned that they can work from anywhere,” Shane said. “For the most part, people can work remotely, and their children might be attending school remotely. So why not be in Aspen, Greenwich, Connecticut, or the Hamptons?”

Speaking of the Hamptons, as

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COVID prompts temporary Aspen Recreation Center closure | News

The Aspen Recreation Center and Aspen Youth Center are closed for a deep clean after an ARC visitor tested positive for COVID-19 on Oct. 14, the city of Aspen announced Thursday. The closure extends at least through the weekend.

“Over the next several days, the ARC and Aspen Youth Center will undergo an extensive and deep clean following all COVID-19 protocols. The immediate closure will result in the first weekend of Fall Face-Off to be canceled,” it was noted in a statement.

It’s hoped the facility can reopen by Monday for fall break if feasible.

“The county’s disease investigation team has identified over 70 potential contacts and this closure will help minimize further spread until the contact tracing team can finish their investigations to understand the breadth of the potential outbreak at the facility and in our community. The contact tracing team is continuing its investigation with potential contacts and is working closely with the city of Aspen staff to determine the next steps,” according to the statement.

The ARC opened Oct. 5 to the public with a reservations system and limited capacity for community teams, the statement noted. It continued: “The ARC was following Pitkin County Public Health protocols and limiting group sizes in any area of the ARC to 50 people. Every hour the ARC staff actively cleans the entire facility between reservations.”

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Vacation-rental agencies asked to halt bookings for Pitkin County, Aspen properties | News

After receiving information that some people recently booked vacation rentals in the area and then sought medical treatment for coronavirus-like symptoms, Pitkin County’s Incident Management Team reiterated on Tuesday that the latest public health order bans short-term lodging.

Those who violate the order could face misdemeanor charges leading to fines and/or jail time. Officials also contacted vacation-rental agencies VRBO and Airbnb to inform them not to accept nonresident bookings of short-term rentals within county boundaries. 

“We’ve gotten some information recently to lead us to believe that there are still some companies accepting short-term rentals and reservations, like VRBO and Airbnb. We’ve issued a letter to both of those companies today to ask that they stop accepting them per the Pitkin County public health order,” said Alex Burchetta, IMT spokesperson and chief deputy of operations for the Pitkin County Sheriff’s Office.

“Specifically, they are not to accept any new reservations and they are to cancel any existing reservations,” he continued. “The intent there is to allow nonresidents of Pitkin County to return to their primary [place] of residence.” 

Burchetta said the county doesn’t have the capacity from a public health and safety standpoint to handle an influx of visitors.

“As much as we love them … we love having you here, but just not now,” he said. 

Being at an elevation of around 8,000 feet puts undue stress on a person’s immune system and health, he said. Small and less-noticeable illnesses can be exacerbated by the altitude. While the area has excellent health care providers and systems, would-be visitors might have access to a wider range of health services within their own communities, Burchetta said.

Section L of Pitkin County’s public health order issued on March 23 states, “There shall be no new bookings or reservations during the pendency of this Order. Furthermore, current reservations for the timeframe anticipated in this Order shall be cancelled for all short-term lodging, including but not limited to hotels, motels, short-term rentals (30 days or less), bed and breakfast establishments, lodges and retreats.”

Burchetta said officials were alerted by Aspen Valley Hospital doctors that nonresidents who recently booked vacation rentals in Aspen sought treatment Monday of “some symptoms” not necessarily associated with COVID-19. 

He said he didn’t know how many people were involved in presenting those symptoms to the hospital. Even if it were just two people who got short-term rentals since the order was issued, “it still represents two too many,” Burchetta said. 

“We started [notifications] with the global short-term rental market” like VRBO and Airbnb, he said. “Pitkin County and the Colorado mountain communities are not a place of refuge as they are most other times of the year. …We don’t have the ability to handle the increased capacity.”

Those who fail to comply with provisions of the order, including the mandate banning short-term vacation lodging, may be subject to misdemeanor charges and fines of up to $5,000 and/or up to 18 months of jail time.

“We’re just trying to reinforce [the order],”

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Aspen Recreation Center | City of Aspen Recreation

The Climbing Tower is a non-instructional activity that is available seven days a week. This activity is included in the daily admission fee. All climbers must check in at the front desk and receive the stamp of the day before entering the climbing tower area.

School Year:

Monday – Friday: 3:30 PM to 6:00 PM
Saturday & Sunday: 12:00PM to 6:00PM

Summer, Winter Break & Spring Break:

 Daily: 12:00PM to 6:00PM

1. ARC staff is in charge of the climbing area. Please follow their instructions. Staff reserves the right to revoke climbing privileges. The goal is to stay safe and have fun!
2. Climbing on the tower is prohibited unless an ARC staff member is present.
3. Check in at the desk and get a stamp, before climbing.
4. ONLY ARC staff may hook and unhook you to the climbing tower!
5. Choose Shoes:
          a. Our Climbing Shoes
          b. Your closed toed shoes
6. See ARC staff for harness
          a. ARC staff reserve the right to check harnesses for fit at any time.
7. NO WET CLOTHES of any kind!! Must wear shirt, shoes, and pants of some kind.
8. Choose a level that meets your climbing strength.
          a. Lower numbers are EASIER
          b. Higher numbers are HARDER
9. Stand on the GREEN FLOOR behind the number you wish to climb.
          a. Stay off of the blue climbing mat until it is your turn to be hooked up
10. Our Staff is trained! For your safety, follow their instructions.
11. Grabbing hold of any auto belay devices, lighting fixtures or pieces of the building is prohibited.
12. Swinging on descent is prohibited.
13. Bouldering (un-roped climbing) is NOT permitted at ARC climbing wall.
14. No food or drinks allowed around the climbing tower area (roped in area).
15. HAVE FUN!!!

Because our heating and ventilation system is completely computerized and is extremely sensitive to air quality, we do not permit the use of chalk at the climbing tower.

Further consideration for prohibiting chalk is as follows, “According to the US Environmental Protection Agency, many scientific studies have shown breathing small particles can cause aggravated asthma, coughing, difficult or painful breathing, chronic bronchitis, decreased lung function, premature death.”

Please read carefully before signing. This is a legally binding agreement.

Through your purchase of the activities and use of the facilities as referenced herein, you agree to all the terms and conditions contained herein and give up your right to bring a course of action to recover compensation or obtaining any remedy for any injury to yourself of your property or for your death, however caused, arising out of your participation in the activities referenced herein or in use of City of Aspen facilities, now or anytime in the future.

Acknowledgement of Risk

I hereby acknowledge and agree that the activities referenced herein and the use of associated City facilities for those activities has inherent risks, including the risk of serious injury, paralysis and death. I have full knowledge of the nature

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Aspen Parks & Recreation – Aspen, Colorado Sports & Activities

Facility Closures


The
Aspen Ice Garden
is currently closed and
will be closed
from Thursday, March 12, 2020 – Thursday, April 30, 2020

The Aspen Ice Garden is closed until further notice. Thank you.

The
Golf Simulator
is currently closed and
will be closed
from Thursday, March 12, 2020 – Tuesday, March 31, 2020

Aspen Golf Simulator is closed for the season, thank you.

The
ARC
is Currently Closed

The City of Aspen is working hard to protect the health of our community & visitors and to that end you will see that we have closed various City facilities to the public starting on 3/12/2020:

The Aspen Recreation Center, Red Brick Gym, Aspen Ice Garden, Aspen Golf Simulator, and Red Brick Center for the Arts are closed until further notice. Please know all Recreation Passes will be extended for the amount of time the facilities are closed. Thank you.


The
Red Brick

is Currently Closed


The City of Aspen is working hard to protect the health of our community & visitors and to that end you will see that we have closed various City facilities to the public starting on 3/12/2020:

The Aspen Recreation Center, Red Brick Gym, Aspen Ice Garden, and Red Brick Center for the Arts are closed until further notice. Thank you.

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