Aspen has always been—and always will be—one of the most desirable destinations on earth. It is a beautiful mountain community with world-class skiing, unmatched natural beauty throughout all four seasons, a cosmopolitan community, and a luxury real estate market that attracts buyers from all over the world. Aspen is consistently ranked as one of the most expensive markets in the United States. It’s easy to understand why home buyers flock to the Roaring Fork Valley and why real estate investors seek properties in this area.
Here are some of the best benefits of investing in Aspen real estate:
1. High-End Properties
Aspen has evolved into a strong luxury market throughout the decades and the trend is only expected to continue with more luxury buyers moving to this community. Whether you are looking for the perfect part-time seasonal home, vacation rental, year-round residence, income property or commercial space, there is so much desirable property in Aspen that will provide exceptional long-term investment potential as the luxury market grows.
2. Growing But Not Expanding Too Much
One of the many unique qualities of Aspen is that we are a small town. There are no high rises popping up. Strict zoning, city ordinances, and development restrictions keep a slow growth approach with environmental protection in mind. Demand keeps going up, but there are only so many properties available and new land isn’t always the easiest to find. That drives significant rates of appreciation over time.
Right now, we are in the midst of a strong seller’s market in Aspen real estate. Buyer demand is very high while inventory remains low. This trend isn’t expected to change anytime soon, so buying now is a smart investment. Home prices will only keep going up. As we say, “you can’t make any more dirt!”
3. Year-Round Lifestyle
Many residents and vacationers only visit Aspen during one peak season like winter or summer. The truth is, this lifestyle is spectacular all year round. Each season offers something unique in terms of the scenery, community and event cycles and activities happening throughout the year. There’s never a shortage of things to see and do in the Roaring Fork Valley!
4. Passive Rental Income
For those who live in their Aspen homes for only part of the year, there is a great income opportunity to rent out the property when owners are not in residence. There are always people looking for short-term vacation rentals to check Aspen out, longer-term seasonal leases and even long-term leases as families flock to our school district. You can use your Aspen property when you want to use it, and then earn a healthy income from it when you aren’t using it personally. It’s a win-win situation!
5. Community Spirit
Aspen’s community spirit is undeniable. There’s just something about the connection to nature and the fresh mountain air that grounds people and makes them reflect and find gratitude for where they are in their lives. There a plethora of non-profits and institutes to get involved in. Here are just a few: The Aspen Institute, Aspen Words, Aspen Center for Environmental Studies (ACES), Aspen Community Foundation, Rocky Mountain Institute, Theatre Aspen, and the Aspen Music Festival and School. When you are not challenging your body or mind, Aspen offers a thriving downtown scene with gourmet restaurants, unique shops, brand name stores and boutiques. When you are ready to try a new sport like paddle boarding, mountain biking or uphill skinning, our local sporting goods stores like the Ute Mountaineer or Stapleton Ski are ready to help you buy or rent any equipment you need in any season.
If you are looking to buy real estate in the Aspen/Snowmass area, contact me today. I can help you explore your investment opportunities in this dynamic market. Let me show you the best that Aspen real estate has to offer!
Aspen Real Estate
DRE # FA.100019229