The big question is who is doing the buying. It sure isn't the folks because they're still feeling deep financial pain in this valley. See related story and public commentary here.
Scott Condon:
"BASALT — The good news in the midvalley real estate market is the incredible amount of sales that already have occurred in 2012. The bad news is that the furious pace has been spurred by foreclosures and short sales, according to real estate agents.
“The midvalley is just on fire right now. It's almost a feeding frenzy,” said Ted Borchelt, a real estate agent in Basalt with Aspen Snowmass Sotheby's International Realty.
The residential market for property priced under $350,000 is incredibly active. There were 25 sales completed in 2012 through mid-March in that price range in the Basalt and Carbondale area, according to research by Borchelt and Garret Brandt, another real estate agent in Borchelt's office. That compares with 11 closings during the same period in 2011 and just three in 2010.
In addition, there are 46 residences prices under $350,000 under contract, according to Brandt's research. That compares with eight in 2011 and four in 2010.
Activity is also ahead of pace in the $350,001-to-$550,000 price range. Fourteen properties have sold this year through mid-March compared with 11 in the same period in both 2011 and 2010.
The midvalley has been a buyer's market since the recession struck in late 2008. Given how severely the recession hit and how far prices fell, it will take time for a recovery to occur, Borchelt said. He is cautiously optimistic that could change this summer if current trends continue..."
(Read more? Click title)
"Unapologetically pursuing and tracking patterns within the news others make since 2010."
Showing posts with label vacation rentals. Show all posts
Showing posts with label vacation rentals. Show all posts
March 27, 2012
SandBoxBlogs: Aspen Times "Vacation renters are the little guys"
Verne Gurholt:
"“Bandit” vacation rentals? When you have one unit to rent, you are defined as a bandit. If you have hundreds, you are not a bandit. The city's goal is unambiguous. Get into bed with the Aspen Skiing Co. and the large operators to eliminate the modestly priced units in town. The city is apparently willing to help crush the little guys. This was successfully done in Telluride.....
......P.S.: When you are in power, you refer to the competition as bandits. It did not work for Gen. Chiang Kai-shek, but it will probably work for the local warlords!..." (Read more? Click title)
"Unapologetically pursuing and tracking patterns within the news others make since 2010."
"“Bandit” vacation rentals? When you have one unit to rent, you are defined as a bandit. If you have hundreds, you are not a bandit. The city's goal is unambiguous. Get into bed with the Aspen Skiing Co. and the large operators to eliminate the modestly priced units in town. The city is apparently willing to help crush the little guys. This was successfully done in Telluride.....
......P.S.: When you are in power, you refer to the competition as bandits. It did not work for Gen. Chiang Kai-shek, but it will probably work for the local warlords!..." (Read more? Click title)
"Unapologetically pursuing and tracking patterns within the news others make since 2010."
SandBoxBlogs: Aspen Times "Council eases potential limits on Aspen vacation rentals"
How about you?
'Sick of Mick' yet?
You know, he really should have added his own name to the list of contacts he spews off in the comment below. The next time the topic of term limit extensions asks for your vote; remember Mick Ireland and his desire to be a career Mayor.
Andre Salvail:
"Mayor Mick Ireland kicked off discussion on the item with a warning for the crowd of about 25 people to be civil. Council members, along with Community Development Department staff, were said to be bombarded over the past few weeks with emails on the topic, some of which were decidedly nasty.
“You need to refrain from using pejoratives to describe staff or anybody associated with any position on this,” Ireland said. “That will not be tolerated. If you want to call somebody a communist or a socialist, save it for talk radio, call Rush Limbaugh or whoever takes those kinds of phone calls, and have fun. But it's not appropriate here.”... " (Read more? Click title)
"Unapologetically pursuing and tracking patterns within the news others make since 2010."
'Sick of Mick' yet?
You know, he really should have added his own name to the list of contacts he spews off in the comment below. The next time the topic of term limit extensions asks for your vote; remember Mick Ireland and his desire to be a career Mayor.
Andre Salvail:
"Mayor Mick Ireland kicked off discussion on the item with a warning for the crowd of about 25 people to be civil. Council members, along with Community Development Department staff, were said to be bombarded over the past few weeks with emails on the topic, some of which were decidedly nasty.
“You need to refrain from using pejoratives to describe staff or anybody associated with any position on this,” Ireland said. “That will not be tolerated. If you want to call somebody a communist or a socialist, save it for talk radio, call Rush Limbaugh or whoever takes those kinds of phone calls, and have fun. But it's not appropriate here.”... " (Read more? Click title)
"Unapologetically pursuing and tracking patterns within the news others make since 2010."
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