Known as a prominent ski town located a short drive from Denver, Colorado, Aspen is an outdoor paradise. Aspen is nestled in the Rocky Mountains and lives up to its fame as one of the best ski towns in the world. With easy access to lifts at Aspen Mountain Ski Resort and Snowmass, Aspen is one of the best places in the world to ski and snowboard. People travel from around the globe to experience the luxury, opulence, and mountain adventures all year round at Aspen. With technical trails, backcountry skiing and snowboarding, quality resorts, spas, and snow schools, Aspen has something for everyone in the family.
Aspen isn’t just a winter destination, either. Aspen boasts some of the best hiking in the world in the Rocky Mountains, with plenty of outdoor opportunities to enjoy, such as kayaking, white water rafting, climbing, and mountain biking. For those who desire a less adventurous way to enjoy the mountains, many luxury homes in Aspen feature beautiful outdoor areas and expansive glass windows to take in the glorious mountain views every morning.
With so much natural beauty surrounding the area, Aspen luxury homes are in high demand. If you’re thinking of investing in a property in Aspen, you might be wondering about the long-term value of your property. Our guide will help you answer the important questions and also get a peek into what to expect when investing in Aspen real estate.
A top-notch tourist destination
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Aspen real estate is an excellent long-term investment. Aspen is well known as a tourist destination, and people from all over the world travel there to enjoy the beautiful nature and mountains. As a tourist destination, there will always be a demand for real estate in the area, which means that your property will continue to increase in value over the long term. Aspen Skiing Company, the parent company of Snowmass and Aspen Mountain Resort, recorded 1.42 million guests to the mountains in 2021 through the 2022 season. This is on par with the 2018 through 2019 season prior to the pandemic. There was also an increase in season pass holders to the mountain, indicating that more people are choosing to ski and snowboard full-time at Aspen Snowmass. All of these are great signs for those looking to invest in Aspen real estate. With a consistent influx of tourists for ski season, there will always be demand for real estate in the Aspen area.
Year-round adventure
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Unlike other mountain towns, Aspen is a year-round destination, appealing to visitors in all seasons. In the spring and summer months, there is plenty to do at the Aspen Mountain Ski Resort. From scenic gondola rides to mountaintop music, brewery events, and movie nights, there’s something for the whole family, even when the snow melts.
For those desiring more thrilling outdoor adventures, there’s plenty of world-class hiking, biking, climbing, kayaking, and more available around Aspen as well. With so many activities, Aspen draws plenty of visitors in the summer months. In the summer season of 2021, the occupancy rate in Aspen and Snowmass was 60.3%, which was higher than the previous three years, including pre-pandemic 2019, according to the Aspen Snowmass Executive Summary. Experts predict that occupancy and demand for summer availability will continue to increase, which is excellent news for property owners in Aspen. With increased demand comes increased property values.
Nature is increasing in value
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The pandemic has changed many people’s views of the world, and one of the benefits is an increased appreciation for a high quality of life. Many people are still choosing to work from home and value the flexibility that hybrid working offers. People also have found an increased appreciation for nature and outdoor space, as evidenced by record-breaking visits to National Parks in 2020. Research led by Penn State University found that at least half of adults surveyed participate in outdoor activities at least once a month, and for 20% of those surveyed, this was a change in their lifestyle that occurred after the pandemic.
As more and more people choose to spend time in nature, there is going to be increased demand for properties that have access to these beautiful spaces, such as Aspen mansions.
Rental income
A huge benefit of purchasing Aspen luxury real estate is the ability to use your property as a vacation rental if you get a license to do so. Even if you live in Aspen full-time, there may be times when you choose to travel or will be away. During these times, renting your home can bring extra income and share the beauty of Aspen with visitors.
Improve your health
One of the most important investments you can make is in your own physical and mental health. Studies have found that spending time outdoors can improve our mental health as well as our cognition. As we age, these aspects of our health become even more important. Studies have shown that living in areas with access to natural environments can help improve cognition and emotional regulation. Our health is our biggest asset, and living in Aspen, Colorado, provides easy access to beautiful natural environments that can strengthen both our mental and physical well-being.
The luxury market
The Aspen real estate scene is part of the luxury market, which continues to perform well despite an increase in mortgage rates in 2022. Luxury real estate will always be in high demand, with a variety of buyers looking to invest. If you’re looking to make the investment, then you will need great Aspen real estate agents by your side.
If you’re looking for a top-notch real estate group in the Aspen area, look no further than Susan & Simon. Susan and Simon have fallen in love with Aspen and use their extensive knowledge and expertise in luxury real estate to help clients find the homes of their dreams. So, if you’re thinking of investing in Aspen real estate, contact them today to make your purchase a breeze.
*Header photo courtesy of Simon & Susan Chen
