Aspen Peak - Niche Media - Aspen living at its peak
Issue link: http://www.ifoldsflip.com/i/751689
Market value: "The price-per-square-foot holding [firm] shows how solid our market base is," says Carol Dopkin. Here, one of Dopkin's properties, 1200 Kessler Drive ($18 million). below: Dopkin (right) met with Will Burggraf and Doug Leibinger at Matsuhisa Aspen for a discussion on Roaring Fork Valley real estate. bottom: 1581 Wood Road ($8 million), in Snowmass, represented by Leibinger. Venerable Matsuhisa (303 E. Main St., 970- 544-6628; matsuhisa restaurants.com) played host to a roundtable discussion between three of town's top brokers. Between bites of beauti- fully prepared sashimi, they discussed the ins and outs of the Aspen real estate market, from the effects of the building moratorium to bright spots for 2017. What, in your opinion, is the current state of the Aspen market? Doug Leibinger: It's pretty healthy. My sense is that all of a sudden there was a lack of good inventory, and everybody went into a pause. People who had $10, $15, $20 million said, "Maybe I'll wait for a while to see how things shake out." All that money is still on the sideline and will come back on the market. Will Burggraf: People say, "Oh, we're off." But it's comparing it to one of the most robust years ever [2015]. We're seeing steady and slightly increased average prices-by-square- foot in the core, the West End. Townhomes and penthouses are selling at all-time highs. Where do you have adequate inventory? Carol Dopkin: Older homes in the $10 million- plus range have five years of inventory. Everything else has one to three years. Volumes are down in $20 to $30 million sales. DL: Between [Aspen] and Carbondale, 1,000 proper- ties are on the market. Where downvalley had been held at bay, it's [now] in resurgence. ESTATE OF AFFAIRS TIME TO INVEST OR SELL, SELL, SELL? THREE REAL ESTATE AUTHORITIES TAKE TOWN'S PULSE. BY LINDA B. HAYES 146 ASPENPEAK-MAGAZINE.COM PHOTOGRAPHY BY ROSS DANIELS (ROUNDTABLE); BRENT MOSS PHOTOGRAPHY (INTERIOR) SPACE ROUNDTABLE PARTICIPANTS Will Burggraf Broker, Frias Properties of Aspen. 730 E. Durant Ave., 970-920-2000; friasproperties.com Carol Dopkin Broker, Engel & Völkers Aspen. 415 E. Hyman Ave., 970-925-8400; caroldopkin.com Doug Leibinger Vice President and Broker, Compass. 117 S. Monarch St., 970-925- 6063; compass.com