An Aspen listing makes Realtor.com’s ‘Most Expensive Homes in America’ list!
Hey, Denver real estate enthusiasts, we’ve got some exciting news fresh off the slopes! Brace yourselves for the unveiling of 1422 W Buttermilk Rd, the newest listing sensation in Aspen’s coveted real estate circuit. This little slice of heaven made Realtor.com’s ‘Most Expensive Homes in America’ list, full of irresistible charm and alpine allure.
According to Realtor.com, “This six-bedroom luxury estate offers spectacular views of the Owl Creek Valley, Buttermilk, and Snowmass. Found throughout the 9,964 square feet of living space are 25-foot ceilings, custom steel-and-glass railings, and an elevator offering easy access to all three levels. The jaw-dropping, two-story living room has a stone fireplace and front-row mountain views. The first-floor primary suite has a gas fireplace, a sitting area, and an enormous closet with custom built-ins. There’s also a wine room, media room, and connected patios and decks.”
This isn’t just another property; it’s a ticket to living your best mountain life. With all the modern bells and whistles seamlessly woven into classic mountain charm, 1422 W Buttermilk Rd promises an Aspen experience. So, Denver friends, if you’re dreaming of a mountain getaway or considering a slice of Aspen magic, this hidden gem is calling your name – pack your ski gear and head for the hills!
Listed by Riley Warwick of Douglas Elliman Real Estate
(Info Source: Realtor.com)
LOCAL MARKET UPDATE
The Gift of Homeownership
As we immerse ourselves in the holiday season, homeownership remains the gift that keeps giving. It provides the tangible benefits of shelter, safety, and warmth, as well as financial benefits. Real estate is the most significant investment people make in their lifetime, acting as the most effective means to achieve personal and generational wealth. The Federal Reserve reports that a homeowner’s net worth is over 40 times greater than a renter’s!
The Denver Metro area is seasonally based, so the month-over-month data paints a more accurate picture of our market at this time than the year-over-year data. Each metric of our Market Snapshot is down month-over-month, besides Days in M.L.S. (which is up and thus in line with the other activity metrics), showing that we’re right on trend seasonally from October to November. It will be of most interest to see how the lowering interest rates impact the data from November to December, as these metrics typically continue to trend downwards through the remainder of the year.
The gift of a more balanced market seems to be the name of the game for this holiday season. The previous fluctuations in the market this year have been complex to keep up with, yet as mentioned last month, the data for 2023 mirrors, in many aspects, the pre-pandemic real estate landscape of 2019. After three years of unprecedented records, the market appears to be settling into a state of stability. Although we can’t predict what the New Year holds, you must work the current market to your advantage based on your unique situation.
INFO FOR SELLERS
Spring is right around the corner!
Sellers in our Denver market are poised on the brink of an impending busy spring season, hopefully marked by even lower interest rates and, thus, more buyers than initially anticipated. With the spring season on the horizon, typically gaining momentum toward the end of January and into February and reaching its peak in March and April, sellers can strategically plan the timing of their listings.
This anticipation of increased market activity should prompt sellers to consider the current holiday period as a crucial window of opportunity. Suppose circumstances dictate that they must list their properties now. In that case, sellers can attract motivated buyers looking to settle in before the New Year by listing homes in excellent condition and priced well to continue attracting offers within a week or two of listing. By staging their homes with seasonal charm and warmth, sellers can leverage the festive ambiance to create a welcoming atmosphere, enticing potential buyers to envision future celebrations within those walls.
Conversely, homes needing “work” linger on the market, awaiting buyers who often hold out for multiple price reductions before making an offer. So, if blessed with the gift of time, their homes would be most favorably positioned by waiting to list for a few months or, even better, getting the house ready for the impending surge in springtime demand.
(Info Source: D.M.A.R. (The Denver Metro Association of Realtors, Y.C.R.E. Analysis)
INFO FOR BUYERS
There’s still time to get a deal!
For buyers with a home for the holidays on their wish list, this time of year historically marks an optimal period to embark on the journey toward homeownership. The current market conditions continue to create an ideal setting for potential buyers, offering a rare combination of favorable terms. Notably, the declining interest rates seem to present the most motivation for buyers on the fence. Paired with decreased market competition during the holiday season, buyers have ample room for negotiation on price, concessions, and inspection items. This unique blend of opportunities affords buyers a prime time to explore the market with greater ease and deliberation than at any other time of the year. There’s no better time than the new year to make a fresh start in a new space!
(Info Source: D.M.A.R. (The Denver Metro Association of Realtors, Y.C.R.E. Analysis)
*We use reasonable efforts to include accurate and up-to-date information. The real estate market changes often. We make no guarantees of future real estate performance and assume no liability for any errors or omissions in the content.
