Stephen Kotler, who heads real estate appraisal company Miller Samuel’s Western division, noted an increased interest in Aspen and nearby Snowmass Village’s luxury hotels and condos. “Aspen/Snowmass Village is becoming much more a year-around market, as people are interested in spending time there beyond the ski season,” he stated in an interview with Mansion Global.
While Aspen’s recent luxury market real estate growth is impressive, it’s hardly unprecedented, continuing a trend of upward growth that’s lasted for several years. In a recent interview, real estate agent Joshua Saslove explained that a number of factors make Aspen a perennial favorite for luxury buyers in all age groups. Aspen offers timelessness and trendiness alike, as it maintains its character as a winter resort town while continuing to grow in other ways. In particular, Aspen’s popularity during the summer months is growing. Resorts such as Snowmass Mountain are now offering summer entertainment, such as zip lining, mountain trails, and an alpine coaster.
Saslove also points to the city’s growing interest for foreign and millennial buyers. Foreign buyers now represent 20% of luxury real estate sales in Aspen, with particular interest coming from Australia. Aspen now hosts an Australia Appreciation Week annually. Millennial buyers are drawn-in by resorts’ increasing emphasis on trendy year-round activities.