High Country Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

May 9, 2020

Colorado Covid-19 Advisory

At McKinley Real Estate we are taking Covid-19 very seriously.


We are back to showings per the Governor of Colorado and Pitkin, Eagle and Garfield Counties...

Our showings we are requiring masks, gloves, no children and no more than two people at a time.  We wish you the best of health during this challenging time.  Let us know if you need assistance with real estate in the Roaring Fork Valley.

 

At the link is the Colorado Covid-19 Advisory for buyers.

 

At this link is the Colorado Covid-19 Advisory for Sellers.

 

 

Aspen Real Estate

Basalt Real Estate

What is my home worth?

 

Both the National Association of Realtors and the Colorado Association of Realtors are taking steps to ensure the safety of the public as well as agents, buyers, sellers, and tenants.  Additionally, NAR is doing a great job ensuring that buyers have continued access to capital in these challenging times...

 

Let us know how we can help and more information and resources from both NAR and CAR at the links below.

 

  The Latest from NAR  
  FHFA Responds to NAR's Letter Requesting Support for Mortgage Liquidity
NAR received a letter from the FHFA in response to NAR's letter send to the Treasury, Federal Reserve Board, and FHFA on March 27th requesting their support to improve liquidity in the mortgage market.

IRS Grants 1031 Deadline Relief
The 45-day and the 180-day deadlines under Section 1031, which fall between April 1 and July 14, 2020, are automatically delayed until July 15, 2020.

NAR Comments on Regulator's CRA Proposal
NAR submitted a comment in response to the Office of the Comptroller of the Currency (OCC) and Federal Deposit Insurance Corporation's notice of proposed rulemaking (NPRM) on modernization of the community reinvestment act (CRA).

COVID-19: NAR Asks Regulators to Use Powers to Solve Servicing Issues
NAR is asking the Federal Reserve Board and Federal Housing Finance Agency to use their direct funding from the Treasury to support mortgage servicers and to clear the log jam in the mortgage funding process that has arisen due to potential widespread forbearance.

FHFA Directs Fannie and Freddie to Allow Appraisal Alternatives
FHFA directed Fannie Mae and Freddie Mac to allow the use of appraisal alternatives to reduce the need for appraisers to conduct interior property inspections for eligible mortgages through May 17, 2020.
 

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  COVID-19 Status Update  
 

Local Jurisdictions Move into Safer at Home Phase
While the state Order has transitioned to a Safer at Home policy that provides guidance for real estate showings (see the full Public Health Order 20-28), some counties have opted to extend their stay-at-home orders that may impact your ability to provide showings. These local health orders supersede the state's Safer at Home mandates and guidelines which went into effect on April 27.

Cities and counties who had extended, more restrictive Stay at Home orders through May 8, such as Adams, Arapahoe, Boulder, Broomfield, Denver, Gilpin, and Jefferson Counties, will transition to safer at home policies starting today, May 9. If you have specific questions about your area, we encourage you to contact your local REALTOR® Association and your local government affairs teams for further definition on the restrictions in your area of the state

We highly encourage every REALTOR® to become familiar with the restrictions within their individual local/county executive orders and what it means for their real estate business.

Legal Bites: New Buyer & Seller COVID-19 Advisories as of May 7
CAR General Counsel Scott Peterson discusses the state's new Safer at Home Order and Local County Updates as well as New Buyer & Seller COVID-19 Advisory Forms. Click here to watch.

CAR Foundation Disaster Relief Grant Program
The CAR Foundation is preparing to review applicants to distribute $125,000 in disaster relief funds statewide. These funds will be announced and distributed by May 15th. The current grant cycle for $125,000 is open now and the deadline is June 1st. Any nonprofit organizations providing safe and affordable housing are encouraged to apply. If you know of a great nonprofit that would benefit from this program, please contact Stacey Brown.
 

>>> Access CAR COVID-19 Information Portal here.

 

Posted in Local News
April 30, 2020

Why is Aspen so expensive?

Why is Aspen so expensive?


That is a great question. 

Aspen is expensive for several reasons.  Wealthy people want own second homes in world class ski destinations and there is very little housing inventory in Aspen because it is surrounded by National Forest so that drives up the prices for Aspen Real Estate. 

Additionally the Aspen City Council is very restrictive when it comes to allowing development so that is another reason why Aspen Real Estate is so expensive.

Basically it a fundamental question of supply and demand.  Aspen is a small town of 6000 people in the off season and there is international demand which drives up prices.  One can expect to pay in excess of $1,000,000 for a one bedroom apartment in the core.  Single family housing in Aspen starts around $4,000,000 in the Core but areas outside the core a single family can be had for less.  On a price per sq ft basis Aspen Real Estate is averaging $1500-$2500 a sq ft at the time of this writing.


Additionally Aspen is very isolated geographically which is highly desirable, perhaps even more so given the pandemic. 


Let us know if we can help make your Aspen Real Estate dreams a reality.

 

If you are looking for Carbondale Real Estate or Basalt Real Estate we can help as well.

Take a look at the link below for your next property.


The team at McKinley Real Esate.

 

Advanced Search for Aspen and Roaring Fork Real Estate

 

Maroon Bells Aspen CO

Posted in Market Updates
April 30, 2018

Open House Today 101 Wood Nymph Lane, Glenwood Springs 1:30-2:30

 

Take HWY 82 to County Road 114 (CMC Spring Valley Road turn off). Left on Elk Springs. Right on Monarch. Left on Wood Nymph Lane, right on Wood Nymph Place. Home is first on the left.

Posted in Open Houses
April 30, 2018

Open House Today 435 Fox Run Drive in Missouri Heights?

9-11:30 am today!

El Jebel Road/Upper Cattle Creek Road south to Fender Lane, left on Fender Lane to Fox Run Drive, house is on the right down a long driveway.

 

Posted in Open Houses
April 27, 2018

Open House Monday Monday, April 30 9-11:30


5 bedrooms, 5 ½ baths, 4,715 square feet $1,750,000

A magnificent home on 8.09 acres, just 12 minutes to Basalt shopping & restaurants, yet worlds away.

435 Fox Run Drive in Missouri Heights

The chefs kitchen offers expansive slab granite counters, Subzero Refrigerator, Viking double ovens, Wolf range and appliance garage.

 

Gorgeous Mt. Sopris Views from generous indoor and outdoor spaces with exceptional attention to detail. Enjoy easy living with the main-floor master suite, main floor laundry, kitchen, dining & family room.

Expansive Mount Sopris Views, and double sided fireplace

 

Lower level features include fireplace and walkout patios.

3 car garage + workshop + detached 4th garage or auxiliary building, additional apartment with separate entrance, kitchen, bath & laundry.

Extensive landscaping with over 200 trees on drip system and potential to keep up to five horses.

Property has been only lightly lived in and meticulously maintained.

Posted in Open Houses
April 25, 2018

Fantastic Creekside Home for Sale on 3.7 Acres

 

Windows abound to let the sunshine in.

3 bedroom, 4 bath, 3,775 square feet $995,000

45705 Highway 6, Glenwood Springs

Canyon Creek runs through this property for over 1/5 of a mile~! Magical gardens, ponds, pasture, open patios and deck space make this property truly special. You will have plenty of water to work with as there are 265 Shares of the Johston-Wolverton ditch.

The home features a large open kitchen and great room with vaulted ceilings, multiple skylights, and a central vac system.

The interior and outside patios feature radiant floor heat. The compound includes garages, closed heated shop or additional garage, outdoor shop, green house, two gardens, and two ponds. There is a separate two bedroom apartment which can be a guest house or rental.

3 acres are fenced and gated with the other acreage as a pasture. An automatic sprinkler system is included.

Call us today to arrange your private showing of this special property.

Posted in New Listings
April 23, 2018

Riverside Home for Sale in Carbondale

 

Private Riverfront Property

A compound with a 5 bedroom main house, a 2 bedroom guest house, garage/shop with 4 car garage in addition to 2 car attached garage.

5,830 square feet $3,250,000

A piece of heaven at the end of a private drive sitting on a bend in the Roaring Fork River with captivating views of Mt. Sopris.

Blue Creek wraps around main house and can be fished from the back patio!

Fish from your patio

Master suite with deck, mountain views, formal dining room as well as a breakfast nook. Separate guest studio above attached garage has its private entrance.

Walk out to the river, stroll through your private trails, or take the dog and head out to the private duck blind.

Price includes adjoining vacant lot that is build-able and has river frontage. Water rights included.

This legacy property is featured on the Spring Broker Tour of Homes this coming Wednesday, from 1:30 – 3!

Posted in New Listings
April 2, 2018

Missouri Heights Open House Saturday April 7

 

435 Fox Run Drive

Saturday, April 7, 4 – 6 pm

Upper Cattle Creek/El Jebel Road to Fender Drive, Left on Fox Run Drive

5 bedrooms, 5 ½ baths, 3 car garage + workshop + detached 4th garage or auxiliary building, additional apartment with separate entrance, kitchen, bath & laundry.

Come view this magnificent home on 8.09 acres, just 12 minutes to Basalt’s shopping & restaurants. Gorgeous Mt. Sopris views from generous indoor and outdoor spaces with exceptional attention to detail. Enjoy easy living with the main-floor master suite, main floor laundry, kitchen, dining & family room.

Property has been only lightly lived in and meticulously maintained. The chef’s kitchen offers expansive slab granite counters, Subzero Refrigerator, Viking double ovens, Wolf range and appliance garage.

Extensive landscaping with over 200 trees on drip system and potential to keep up to five horses.

We look forward to seeing you!

Posted in Open Houses
March 30, 2018

Bridge Construction Starts Monday

Be Prepared for Delays Monday, April 2 – Sometime in October

Expect delays travelling in and out of town.  The project includes bridge maintenance, widening the sidewalks to better accommodate pedestrians and refurbishing both 8th Street bus stop areas.

Official City Website for the Castle Creek Bridge Project

Outbound traffic will be rerouted to use Powerplant Road during construction.  8th Street bus stops will be closed for the duration of the project.

Please plan for added travel time and please – practice patience.  We are all in this together.

Posted in Local News
March 24, 2018

Slopeside Snowmass Condo for sale Virtual Tour

Slopeside Condo in Snowmass Village

4 bedroom, 4 bath, 1,748 square feet, $1,547,500

The very best of Snowmass can be yours with this gorgeous Enclave ski in / ski out condo with a recent kitchen and bath remodel. Take in dramatic views both up- and down-valley through floor to ceiling windows.

Enclave 301 Virtual Tour

Spacious with fantastic natural light and high vaulted ceilings. A private deck off the master and another off the family room overlooking the gondola brings the magic of Snowmass even closer. Bring the whole family along and Ski in Ski out to Assay Hill!

One of two master suites

Complex amenities include top tier management, pool, hot tub, front desk, elevators and an exercise room. One assigned covered parking space.

 

Call us today to arrange your private showing of this penthouse condo.

Posted in New Listings