• Skip to main content
  • Skip to footer
Aspen Signature Properties

Aspen Signature Properties

We represent the most spectacular privately-owned Snowmass & Aspen luxury vacation rentals in Colorado. Search our collection of rental homes & real estate.

  • Vacation Rentals
    • All Properties
    • Aspen Rentals
    • Snowmass Rentals
    • Ski Access Rentals
    • Pets Considered
    • Owner Portal
  • Real Estate
    • Featured Houses & Condos
    • Featured Lots & Acreage
    • Aspen Real Estate
    • Snowmass Real Estate
    • Snowmass Village Real Estate
    • Advanced Listing Search
    • Market Reports
  • Guest Services
    • Concierge Services
    • Reservation Policies
  • Explore
    • Request Your Aspen Travel Guide
    • About the Aspen/Snowmass Area
    • Things to Do
    • Upcoming Events
    • Aspen / Snowmass Blog
  • Owners
  • About
    • About Our Company
    • Meet Our Team
    • Join Our Newsletter
    • Contact Us
  • 970-544-8001

Aspen Real Estate

Jul 22 2022

3 Important Things To Consider When Buying Real Estate Property in Aspen, CO

With annual music festivals, high-end boutiques, five-star restaurants, and unparalleled outdoor sports during winter and summer, it’s no surprise that more and more people are moving to Aspen. This area has something for everyone! If you’re considering buying real estate property in Aspen, CO, these are important things to consider. Did you know that Aspen Signature Vacation Rentals is partnered with Berkshire Hathaway Homeservice Signature Properties? We’d be thrilled to help you find your dream home.

3 Tips for Buying Real Estate Property in Aspen, CO

Without a doubt, Aspen is one of the most desirable places to own a home in the country. Before you make your investment, take a look at our helpful notes.

Is Aspen Colorado a Good Place To Live?

To answer this question simply—yes! Aspen is a one-of-a-kind place to live. Did you know that Aspen is compiled of a collection of neighborhoods? It’s crucial that you pick the best community for you and your family. Whether that includes a specific school system, proximity to slopes, local businesses, etc., that’s up to you.

  • Central Core – Located in the heart of Aspen, makes it an ideal place for both vacationers and families who want to call Aspen home
  • East Aspen – Relaxed environment, picturesque mountain views year-round
  • Mclain Flats – A 10-minute drive from Downtown Aspen, allowing the community both privacy and proximity to city life • Old Snowmass – Live in a serene environment while enjoying an expansive playground just outside your doorstep
  • Smuggler – Located at the base of Smuggler Mountain, a famous mining area in the early 1900s
  • Snowmass Village – The perfect spot for outdoor enthusiasts, offering a wide variety of singlefamily homes to stylish condominiums
  • West Aspen – Family-friendly neighborhood equipped with modern facilities, granting residents a comfortable lifestyle
  • The West End – A quaint community, known for canopied streets, historic houses, and beautiful summer gardens
  • Woody Creek – One of Aspen’s greatest hidden gems is this rustic community, which offers seclusion from the outside world

How Much Does the Average House in Aspen Cost?

Purchasing a home in Aspen is a great investment! When shopping for property, it’s essential to know the median price of homes in Aspen, so you can be sure you’re spending the right amount of money. Through May 2022, the median single family home price in Aspen was $13,750,00. The median sales price in Aspen has increased 44% over the past year. Want more information about our markets?  Click here to view market data reports.

You might be wondering, “Is Aspen a cheap place to live?” or “Is Aspen an expensive place to live?” Well, that all depends on what your household income is and what you consider to be affordable. Before buying, take note of the area’s property taxes and see if it is within your budget:

  • In Aspen, properties are reassessed every odd-numbered year, according to the Pitkin County assessor’s office.
  • Residential property values are based on comparable sales in the two years preceding the assessment.
  • Once the property’s actual value is established, it’s multiplied by the assessment rate to get the assessed value. The assessment rate is 7.15%.
  • The assessed value is then multiplied by the mill levy to get the tax amount.
  • In Aspen, the mill levy, a kind of tax rate, is 4.95 (this includes the general property tax, which goes to fund local services, schools, and infrastructure, as well as the storm water fund to help keep polluted water from reaching local rivers and lakes).

What Are the Types of Homes for Sale in Aspen?

You’ll find properties ranging in size and shape throughout Aspen’s neighborhoods. What’s the perfect property for you? Condos are ideal for smaller families or people staying in the area seasonally. Single family homes grant you far more privacy, space, and investment opportunities. In recent years, there has been increased interest in condos and townhomes, perhaps because they present lower initial costs while still growing your property’s value over time.

Whether you decide to buy a condominium or a free-standing home in Aspen, you can’t go wrong! Weigh the pros and cons and determine the best option for you.

We’re Here For You and Your Home-Buying Journey

Aspen Signature Vacation Rentals is proud to partner with Berkshire Hathaway Homeservice Signature Properties. Our brokerage team consists of long-time locals who have extensive knowledge of the Roaring Fork Valley, from Independence Pass to Glenwood Canyon. As Aspen Board of Realtors members, our brokers have access to every real estate listing within the Multiple Listing Service (MLS), assuring that they will find you your dream home. Whether you’re searching for an expansive single family home or condo for sale in Aspen, CO, we’re here to help!

Get started buying real estate in Aspen.

Written by aspensignature · Categorized: Things to Do in Aspen, CO · Tagged: Aspen Neighborhoods, Aspen Real Estate

Footer

Quick Links

  • Blog
  • Concierge Services
  • Contact Us
  • Explore Aspen and Snowmass
  • Owner Portal
  • Real Estate
  • Vacation Rentals
  • Privacy Policy
  • Terms of Use

Contact Us

Aspen Signature Vacation Rentals
400 East Main Street, Suite 101
Aspen, CO 81611

Phone: 970-544-8001
Toll Free: 877-544-8002
Fax: 970-544-6104
Email: info@aspensignatureproperties.com

Join Our Newsletter

Subscribe to our newsletter to learn
about upcoming events

SUBSCRIBE

Aspen Travel Guide

Planning a visit to Aspen has never been easier, thanks to our Travel Guide

GET THE GUIDE

Aspen, CO Weather

© Aspen Signature Properties 2022. All rights reserved.Powered by Atlas