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Aspen's History & Culture
Aspen, Colorado was founded by miners in 1879, and originally named Ute City after the nearby Ute Indian tribe. A silver nugget weighing 2060 pounds and consisting of 93% pure silver was found in the Smuggler Mine. Aspen had acquired schools, banks, churches, an opera house, and a population of 15,000 when silver was demonetized in 1893. The longest chair lift in the world was built on Aspen
Mountain and in 1950, Aspen hosted the World Downhill Ski Championships, marking its emergence as one of the world's premier ski resorts.
Aspen is located in Pitkin County. Aspen is 198 miles from Denver, and 40 miles from Glenwood Springs and I-70.
Known the world over for it's ski resort, Aspen has a full-time population of approximately 7,400 residents. The downtown area has been largely transformed into an upscale shopping district that includes high-end restaurants, salons, and boutiques.
The median age of residents is 45, and the median household income is $72,973.
There are several options for schools, public, charter and private schools are all present in town. The public schools are in the Aspen School District and are very highly rated. Colorado Mountain College also has a campus in town.
In addition to skiing in the winter, Aspen offers many other seasonal recreational options including hiking, road biking, mountain biking, camping, paddle boarding, golf and tennis.
The nearby White River National Forest offers 2.3 million acres of trails, camping, hiking, mountain biking and hunting. There are many other options for a quick day hike in and around Aspen for varying fitness levels.
The Aspen Ski company boasts 4 impressive mountains for winter sports enthusiasts. Aspen Mountain is directly adjacent to the downtown area and offers a gondola which also runs during the summer months. Aspen Highlands and Buttermilk Mountain are also
located in Aspen, with the latter being host to the annual X Games in January.
Weather in Aspen
In Aspen, the summers are comfortable and dry, the winters are freezing and snowy, however, Aspen can have over 300 days of sunshine per year so it is truly a weather paradise. Over the course of the year, the temperature typically varies from 7°F to 73°F and is rarely below -7°F or above 80°F.
The growing season in Aspen typically lasts for 2.8 months (86 days), from around June 16 to around September 10.
Aspen Real Estate
Aspen was the most expensive place to buy real estate in the US in 2011. Aspen real estate is a mixture of high-end luxury estates and condos and single-family homes and mobile home parks. As of May 2020, the lowest-priced single-family home on the market was a mobile home for $895,000. The median listing price for homes or condos for sale in Aspen is $5,081,388, or $897 per square foot. In Aspen real estate, it is not uncommon to see listing prices of higher-end homes reach the mid-eight figures.
Because of it's resort nature, there are a multitude of condos and townhomes in Aspen. Several condo buildings are offered only as fractional units and do not allow for full-time residency. The Aspen Pitkin Housing Authority operates and regulates affordable housing
in the area and utilizes a lottery system for those looking for a more affordable option. There are many regulations placed on these units, and it could take years to be awarded the opportunity to purchase a deed-restricted property.
If you are looking for property under $1,000,000 in the Aspen real estate market, you will find condos under 1,000 square feet, are the majority.
If your search in the Aspen real estate market has you looking for a vacation property, your limit is only your imagination. The number of properties with ski access and unbelievable mountain views are seemingly endless. There are currently 93 single-family homes on the market over the $5,000,000 mark.
Whether you are looking for a chic penthouse, walking distance to the hottest restaurants, a sprawling family compound with views of the four ski mountains, or a quaint place to rest your head after a long day on the slopes, a local expert in Aspen real estate is a must.
Contact Drew Kitchell for more information on the Aspen Real Estate Market.