ML - Aspen Peak

Aspen Peak - 2016 - Issue 1 - Summer

Aspen Peak - Niche Media - Aspen living at its peak

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142  aspenpeak-magazine.com photography by ross Daniels (rounDtable); Jeremy swanson (aspen anD snowmass lanDscapes) Over dinner at the stunningly appointed steakhouse The Monarch, Aspen Peak gathered four of town's top real estate, development, and financing professionals to discuss the ever-changing (but never boring) Aspen real estate market, with an eye to changes on the horizon. Where does the Aspen market stand compared to the past several years? Krista Klees: I'm hearing a lot of talk that we are gearing up for another recession. We're usually the last place to feel it and the first place to rebound. But I think the market is strong. It's tapering off, and transactions are a little off for the year, but I think it'll hold firm. Aspen is a good place to put your money. I don't want to say we're recession-proof, but there's only one Aspen. Michael Hamberg: For us, it's all about risk. Aspen's such a unique place, with high-value clients. People who don't know the Aspen market and see people spending $2,500 per square foot, they think it's insane, which it is. But their money is earning more in the real The Panel Penney Carruth Broker Associate, Aspen Snowmass Sotheby's International Realty. 300 S. Spring St., Ste. 100, 970-273- 4038; penneycarruth.com Michael Hamberg Mortgage Loan Originator, First Western Trust. 121 S. Galena St., Ste. 102, 970-710-7200; myfw.com Krista Klees Founding Principal, Palladium Properties. 620 E. Hyman Ave., Ste. 103, 970-925-8088; palladiumaspen.com Shannon Sweeney Owner, Sweeney Real Estate & Development. 970-618-6325; sweeneyaspen.com ON THE RISE? Industry experts weIgh In on the durabIlIty of aspen real estate and the boon for towns up and down the valley. Penney Carruth and Michael Hamberg No matter how expensive its market becomes, "Aspen will always be Aspen," says developer Shannon Sweeney, "and people will always want to come here." SPace trends

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