Hypo Real Estate’s Collapse on the Slopes Developers of 19-acre Snowmass Village in Colorado are suing the German bank, which imploded after investing billions in projects during the property bubble By Jonathan Keehner and Oliver Suess Snowmass Village, the Colorado ski town, got a lift in 2007 when Germany’s Hypo Real Estate Holding agreed to…
Snowmass Foreclosure Crystallizes Hypo’s U.S. Property Woes By Jonathan Keehner and Oliver Suess – Aug 24, 2010 10:00 PM MT Stalled Construction At Snowmass Base Village Incomplete buildings are draped in plastic at Hypo Real Estate Holdings AG’s Snowmass Base Village ski resort in Snowmass Village, Colorado, on Aug. 24, 2010. Photographer: Eddie Kosmicki/Bloomberg Hypo’s…
Aspen Real Estate and Snowmass Real Estate High End Starting to Heat Up $135M has gone under contract in the last month for Aspen real estate and Snowmass real estate. $29.5M for a property near Aspen Highlands on Maroon Creek Road and $20M for a home near North Star Preserve, just east of Aspen. The…
Aspen and Snowmass have been affected by the economy worse than anytime since the start of skiing in Aspen in the 1950’s. Aspen real estate and Snowmass real estate are now discounted around 40% off their highs. Many sellers that need to sell now are discounting prices over 40% off their highs. Total sales dollars,…
Things are looking a little better for Aspen Real Estate and Snowmass Real Estate as the numbers of residential real estate sales and total sales volume have both plummeted since the boom years of 2005 to 2007, but the decline has reversed itself. Indications are that we have hit bottom and that the worst is…
Amazing what the downturn in the economy has done to Snowmass real estate. We are seeing prices drop to foreclosure and short sale levels. We may not have as many foreclosures and/or short sales as other locations in the United States because at the height of the market, 70% plus of buyers were still closing…
Snowmass Real Estate has been affected more in this downward spiral of the global economy than Aspen Real Estate. There are opportunities in Snowmass Real Estate that are not obvious until you start comparing the properties to similar properties in Aspen. Most condos in Aspen were built in the late 1960’s and throughout the 1970’s.…
I have been bombarded lately with this inquiry from my clients around the world. They want to know if Aspen and Snowmass real estate has hit bottom. If we look at Aspen and Snowmass Real Estate, it hit a high right as we were entering 2008. Up to its high prior to 2008, Aspen and…
Foreclosures and Short Sales are the talk in real estate across the United States right now, and it is no different in real estate circles in Aspen and Snowmass. The difference in Aspen and Snowmass real estate is that foreclosures are more rare in our market place. So, that is why you need a real…
It is hard to believe what the global economy has done to Aspen and Snowmass Real Estate over the past years. We are seeing prices drop to foreclosure and short sale levels. We may not have as many foreclosures and/or short sales as other locations in the United States because at the height of the…