The Abundance of Aspen

Maroon Bells ASPEN / COLORADO 

Photo: Vkoulampet / wikimedia commons

Originally named for the abundance of aspen trees in the area, Aspen’s abundance has grown exponentially in terms of luxury, from fine restaurants and world-renowned ski resorts to some of the most artistic and culturally stimulating experiences. These aspects and more are appealing to buyers and continue to shape Aspen’s diverse, high-end lifestyle.

Though the market is plentiful with a large inventory of luxury property options, the Aspen market is finite due to local and state development rules that restrict building in certain areas of the town, according to Craig Morris of Aspen Snowmass Sotheby’s International Realty. “Supply and demand are always in favor of our sellers,” he says, but adds that what people want is nearly always achievable. These demands result in an interesting balance of both classic, historic homes with original architecture, and newer construction primarily built on “teardown” properties.

This interweaving of old and new structures is special to Aspen, says Carrie Wells of Coldwell Banker Mason Morse Real Estate, as it further adds to the character of the town and continues to bring in affluent buyers seeking luxury amenities. She notes that particularly in downtown Aspen, the “core,” new residential developments are not permitted and current properties have become more valuable. Wells, and other agents like Robert Ritchie of Aspen Snowmass Sotheby’s International Realty, say buyers have grown to cultivate lifestyles in Aspen to fit their own needs. Bespoke estates are either renovated internally, increasing their worth, or new homes are being built more beautiful and upscale than the last. Though Aspen seems to be constantly changing, Ritchie says changes help “shine it up” and ultimately makes the town look good.

And truly, “looking good” is an understatement when considering the luxury and culture that exist in every corner of the city. From an exclusive G650 club and top-rated restaurants to a variety of world-class ski resorts and outdoor amenities, Aspen’s elite can find their true home in a place like this. Whether you hit the slopes or visit the Aspen Music Festival every year, Aspen is a place that can fit any lifestyle, which to buyers is often a priority. “We live in our own little fantasy world and people often suggest that living here is not ‘the real world,’” Morris says. “It’s the ‘real world’ to those that decide to put living and lifestyle at the top of their list, and when they do, they never look back.” 

Colorado

Robert Ritchie

Aspen Snowmass Sotheby’s International Realty

970.379.1500

Robert.Ritchie@sothebysrealty.com

AspenValues.com

THIS ARTICLE ORIGINALLY APPEARED IN THE GLOBAL 2019 ISSUE OF UNIQUE HOMES. TO SEE THE DIGITAL VERSION OF THIS STORY, CLICK HERE.