Snowmass Village is showing signs of a real estate market recovery in its near future. Currently there is still an oversupply of all types of residential real estate in Snowmass, single family, condominiums, townhouses and ranches. But the turn around could be looming very near. The foreclosure of Base Village has been settled with Related West Pac purchasing the property and starting the process of redevelopment.
The Silvertree which was an older hotel located on the Snowmass Village mall slope side was purchased for $42 million by Starwood Capital Group and they are investing $55 million into the mall property and conference center. There are new restaurants and bars opening including the New Belgium Ranger Station in the renovated Wildwood and the new Elk Camp restaurant at the top of the gondola (a new rival for Aspen’s Sundeck). Many ski visitors are waiting to see what the snow conditions are like so the agreement between Snowmass Water and Sanitation and Aspen Skiing Co which allows snow-making until March 15th, will help alliterative some concerns. And great news for skiers that like to party in the evenings Snowmass Town Council approved an “entertianment district” where the public may carry open containers within specific areas of the Snowmass Mall and Base Village.
If you are considering a real estate sale or purchase give Kim McKinley a call. She is the top selling listing broker in the Aspen Board of Realtors.
Broker | Owner | Accredited Luxury Home Specialist
McKinley Sales Inc.Real Estate
605 W. Main Street, #4, Aspen, CO 81611
23286 Two Rivers Road #21, Basalt, CO 81621