By Murat Oztaskin | November 21, 2014 | Home & Real Estate
From apartment living to ultra-contemporary architecture, the valley’s top brokers dish on the latest trends in aspen real estate.
Later, log cabins! Red Mountain Ranch on the top of Red Mountain, listed by Gary Feldman for $19.5 million, exhibits the refined mountain contemporary look in vogue this year.
Kimberlee Coates, Broker Associate, Coldwell Banker Mason Morse: “What buyers are looking for these days is a contemporary look, but inviting and comfortable. Clean lines, simple yet highly functional amenities, and a calming atmosphere are all paramount. Because of the downturn in 2008 and 2009, there was little new construction going on for a few years. New development that is just now coming on the market should do well as it isn’t getting any easier or less expensive to build in Pitkin County. People do not necessarily want the mega-mansions anymore. Quality over quantity is the rule and a great outdoor space is more in demand as people are discovering how wonderful our valley is in the summer.” 514 E. Hyman Ave., 970-920-7389, 970-948-5310
A. Scott Davidson, Broker and Partner, Aspen Associates Realty Group: “Contemporary and modern architecture continue to be prominent. It is a movement that has lasted for longer than most other trends, such as the log and timber styles of the past. ‘Mountain modern’ has been edged out by a more minimal modern. The love of modern art and the opening of the Aspen Art Museum’s new space may keep this style on the front burner for some time. Sales in the core of Aspen are reaching major heights as far as per-square-foot prices go [for remodeled units]—[up to] $2,200-per-square-foot. The inventory [there] is very slim. Gone are the days of $900 to $1,000-per-squarefoot.” 510 E. Hyman Ave., Ste. 21, 970-300-1149, 970-948-4800
Gary Feldman, Broker Associate, Aspen Snowmass Sotheby’s: “Aspen buyers are trending towards smaller homes that offer the same degree of luxury as the massive ‘trophy homes.’ Where 20,000-square-foot homes ruled a few years ago, the market seems to be focusing today on 7,500 to 10,000 square feet. As far as neighborhoods, the West End is very active, as well as Aspen’s urban core, which demonstrates that buyers have been following the nationwide trend of people moving back into the cities, so they can walk to [their] amenities. [The same goes for] Red Mountain, where contemporary homes are in high demand.” 415 E. Hyman Ave., 970-948-3737
Marian Lansburgh, Broker Associate, Joshua & Co.: “Trends in design are toward contemporary, [both] interiors and exteriors. Cleaner lines, not a lot of clutter, not a lot of log beams. A more neutral home, which looks like anyone could buy it, anyone could live in it. Gray and beige are the colors of the year. People like new, and there’s not a lot of new. The good stuff is gone. There are many lots that have sold that haven’t moved in the least bit in five years. And there’s a higher premium on newer homes because that’s what buyers are demanding, especially second-home owners. People have to be ready to pay the price to buy new or [relatively new]. Second-home owners don’t want to do work [on their homes]. For those who do want to do work, there are still deals to be had.” 300 S. Hunter St., 970-925-8810, 970-618-9629
Lorrie B. Winnerman, Owner and Broker, Lorrie B. Aspen & Associates: “For [home] size, we’re so limited by zoning here, and the prices remain so high because there’s [such] little land. So we’re seeing a move toward the city core. Well-designed penthouses are selling in the $2,000 to $2,500-per-square-foot range. Some that are not sold are exceeding these numbers. When you leave the downtown core it’s more like $1,400 a square foot, just 10 to 12 blocks away. In the downtown core, eight properties—small single-family houses in the downtown area—closed for a total of $48 million this year [as of press time] as opposed to five properties for $15 million last year. In the move away from larger homes and toward apartment living, there is no question that people are looking for a more contemporary look—refined mountain contemporary. It is an upgrade from the mountain modern and mountain contemporary that came to prominence in the last decade. It’s a very clean look, closer to a New York loft than the Aspen cabins of yore. The log-and-mountain look done 20 years ago is on the out.” 601 E. Hopkins Ave., Ste. 305, 970-920-0020, 970-618-7772
PHOTOGRAPHY COURTESY OF MOUNTAIN HOME PHOTO