Aspen suspends new construction permits and new nightly rentals

Aspen suspends new construction permits and new nightly rentals

In an emergency ordinance, Aspen city council unanimously implemented radical changes to any new construction, remodeling, and expansion of  a property.  Furthermore, the ordinance halted all new nightly rental permits.  Why did the city implement this emergency...
Aspen down 27%, listings in Hamptons up 82%, what does this mean for real estate?

Aspen down 27%, listings in Hamptons up 82%, what does this mean for real estate?

  The Hamptons have increased inventory by 82%  to the highest level in 12 years.  At the same time sales fell 35% last quarter to their lowest since 2009 (Bloomberg).  In Aspen, another ultra-high-end market, sales are down 27% on single family homes from 1.2B...
30 days to go, Ski visits down 7% in Aspen, ski real estate impact

30 days to go, Ski visits down 7% in Aspen, ski real estate impact

As ski season is about to start again in under a month (Arapahoe 10/13). I took the pic above of Loveland pass a few weeks ago.  It is important to note what happened in Colorado last year; Llast winter ski visits in Aspen skiing co were down 7% through last December...