Aspen Peak - Niche Media - Aspen living at its peak
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continued from page 142 "You get much more than a hotel concierge with fractional; it's a big part of what attracts. " "We're a small club. Staff knows guests person- ally, and guests make lifelong friends. I think fractional is great for this town. Owners use off- season weeks more than hotel guests. They're high-end [spenders] that like to support the community. Our owners are invested emotionally and are active with local charities and hosting events. They read the Aspen paper when they're home in another city." When will the Mountainside building be finished? "We'll need to sell through our remain- ing shares building in the Parkside first," Burden says. "But Mountainside is all entitled for another 11 units," Bone adds, "and as a local I'm excited to see them completed." dancingbearaspen.com AP Canopied chairs on the Mountainside rooftop. confessions of a power broker COLDWELL BANKERS' TOP COLORADO PRODUCER CARRIE WELLS ON ASPEN'S HOME-BUYING TRENDS IN TOUGH TIMES ASPEN PEAK: The average price of homes in your inventory is $5 million to $6 million. Has the less-than-stellar economy affected your business? CARRIE WELLS: Now more than ever, buyers are looking for value, or at least a percep- tion of value, to justify what they want. In Aspen it's still highly prized to be in the "core" area. However, it's up to me to show a listing's true value by the quality of that location. And today it's less about a critical assessment of wealth and more about a level of confidence connected to value for them to move forward. AP: To what extent does pricing affect your clients now? CW: In a down market, setting the price is key. Properties really need to be attractively priced. As a result, there are values out there—actually more today than in 2008, right after the mar- ket crash, because sellers have weathered four years of changes and ironed out all the kinks that those changes brought. We have seen the first corrective signs here now, but one thing is for sure: Our market here in Aspen is inextricably tied to global events and finances. AP: In recent years, it feels like there has been a huge shift of interest toward con- temporary. Are traditional homes still relevant? Power table: Inside the Owners Wine Room & Cellar. CW: The trend over the past six years for clean lines and contemporary and modern homes continues. But it's not just for new properties. Since we're an architect community, we now take Victorian homes and create a modern look on the inside. It's pretty incredible what's been done to some of them. And our Victorians can't be torn down, which actually adds value, so older homes are still very hot. I think our sophisticated client base may be dictating the new style for renovations here.—susan redstone 144 aspenpeak-magazine.com photography by karl wolfgang