Happy Summertime from Aspen Snowmass! I hope my Q2 Aspen Snowmass 2023 Market Report finds you well, and enjoying a delightful summer. After a cold and wet spring following a remarkable winter season, we have been blessed with spectacular summer days, consistently reaching temperatures above 70 degrees since Father's Day Weekend. As we enter July, I am hopeful that we will return to the July monsoon afternoon cycle, with a refreshing shower each day. Following a slower June, July has witnessed a
Happy Summertime from Aspen Snowmass!
I hope my Q2 Aspen Snowmass 2023 Market Report finds you well, and enjoying a delightful summer. After a cold and wet spring following a remarkable winter season, we have been blessed with spectacular summer days, consistently reaching temperatures above 70 degrees since Father's Day Weekend. As we enter July, I am hopeful that we will return to the July monsoon afternoon cycle, with a refreshing shower each day.
Following a slower June, July has witnessed a significant uptick in activity and interest. Last week and the current week have proven to be the busiest two weeks of the year in terms of showing activity and buyer engagement. It is not uncommon for Food & Wine Foodies to prioritize culinary events over real estate, which might help explain the slower pace in mid-June. While June occupancy numbers remained relatively steady in Aspen Snowmass, July is pacing slower, ranging from a 12% to 18% decline in occupancy in Aspen Snowmass, depending on the property. As a result, there are still some summer rental vacancies. I suspect that guests are partly hesitant to commit due to rising rates, increased pricing, and the influx of American tourists in Europe. Our market continues to evolve, and I would like to highlight a few key takeaways from our Q2 year-over-year analysis...Click the report to read more!
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