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September 2013

Found 5 blog entries for September 2013.

Erik Berg - Forging a New Path

Originally Published in Top Agent Magazine - Nationwide Edition - September 2013.

Erik Berg is used to working hard and keeping a goal sharply in focus. Prior to his entry into the real estate industry, Berg was a successful tennis pro. Having grown up with friends and family who worked in real estate, Berg could see clearly the connections between high performance in sports and that same level of performance in business.

“Both take time, dedication, passion and drive,” he says. “You’re always striving to move toward the top of the pack.” Berg became licensed in 2004 and began working with the highly esteemed firm of Sotheby’s International Realty. Although he was successful working with a company, where his

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<h3>The real estate brokers at Portfolio Aspen Properties announce the sale of a 504-acre Wildcat Ranch, once owned by actor Michael Douglas, for $44 million, making it Aspen’s highest sale since 2004.</h3>
A sought after ranch on a 504 acre parcel in the prestigious Wildcat subdivision near Snowmass Village, Colorado broke records in the Aspen area when it closed September 26, 2013 for $44 million. It is the largest sale in the Aspen area real estate market since 2004 when Mandalay Ranch sold for $46 million.

The property includes a 24,000-square-foot, three-level main house with just four bedrooms, six bathrooms and six half bathrooms. There is a game room, a home theater and a four-vehicle garage. Additionally, the ranch includes a two-bedroom guest

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The real estate brokers at Portfolio Aspen Properties announce the sale of a historic Woody Creek ranch for $27 million, making it the Aspen’s second highest real estate sale of 2013 behind the $41 million sale of the Jigsaw Ranch on the backside of Aspen Mountain.

A historic 813 acre ranch, known as Aspen Valley Ranch, once listed for $88 million in 2008 sold for just $27 million. Despite price reductions over the years, the owner was unable to find a buyer and the lender, Alpine Bank, foreclosed on its loan in December 2012. An entity called AVR AH, LLC purchased the ranch from Alpine Bank, which closed on August 30, 2013.

Features of the ranch include a 5 bedroom/5+bath main house constructed in 2009, a ranch manager’s cabin, a barn, pastures,

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After a modest start to 2013, the real estate market in the Aspen area is beginning to gain some traction.  Thus far, price per square foot is up 5% year over year and inventory is down by 9%.  We expect to see more closings in September and through the end of the year as more buyers are patient these days and wait until the summer selling season is coming to an end before making an offer.  To read more about the state of Aspen real estate as we finish the summer, click here.

If you are interested in buying, selling, investing in or renting real estate in Aspen or the Roaring Fork Valley, call or email us for more information.

About Portfolio Properties

Portfolio Aspen Properties draws from the largest and most comprehensive network of available

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The real estate brokers at Portfolio Aspen Properties are pleased to announce the continued upward trend in land sales in the Aspen, Colorado area. Contributing to this trend, this week, the U.S. Forest Service auctioned off five undeveloped lots in Aspen’s prestigious West End. Real estate in 2013 continues the trend of high land sales due to low inventory of new residential properties.

According to Portfolio Aspen Properties, in 2013 to date, there have been 19 land sales in Aspen including the 5 auctioned. In 2012, there were 26 land sales in Aspen, compared to only 13 sales in 2011 and 14 in 2010.

“The purchasers did not get screaming deals on the lots, but they did get a nice discount because if the lots were purchased on the open market they

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