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Find Out More About the Aspen, Basalt, Carbondale and Snowmass Village Area Economy & Job Market 

Aspen's population at the time of the 2000 Census was 5,914 and Pitkin County was 14,872. Hispanic or Latino population makes up 6.1% of the total population in Aspen and 6.5% in Pitkin County.  

According to the Community Development Department’s Community Profile, there has been significant growth between 1990 and 1998:  

Aspen’s population in 1990 was 5049; in 1998 it jumped to 6222 (a 23% increase).  

Snowmass Village’s population in 1990 was 1449; in 1998 it jumped to 1865 (a 29% increase).  

Basalt/Aspen region’s population in 1990 was 1210; in 1998 it jumped to 6581 (a 443% increase).  

Carbondale’s population in 1990 was 3004; in 1998 it jumped to 4978 (a 66% increase).  

Glenwood Spring’s population in 1990 was 6561; in 1998 it jumped to 8713 (a 33% increase).  

Pitkin County’s population in 1990 was 12661; in 1998 it jumped to 14118 (a 12% increase).  

Garfield County’s population in 1990 was 29974; in 1998 it jumped to 34007 (a 13% increase). 

A study done in 1997 depicted the seasonal populations of Aspen. Of the 7,397 year-round residents of Aspen, there were 1,852 occasional residents and 4,466 overnight tourists making Aspen’s population 13,715 people that summer. During the winter season, there were 2,066 occasional residents and 5,051 overnight tourists making Aspen’s population 14,514. Here is a list of further population statistics: 

Population - City of Aspen: 5,914
Median Age/City of Aspen: 36.7
Male: 3,165
Female: 2,749
White: 5,615
Hispanic/Latino of Any Race: 363
Mexican: 252
Puerto Rican: 5
Cuban: 5
Other Hispanic: 101
Black: 26
Indian/Alaskan: 14
Asian: 86
Hawaiian/Pacific: 5
Asian Indian: 2
Chinese: 30
Filipino: 9
Japanese: 20
Korean: 12
Vietnamese: 10
Other Asian: 3
More Than One Race: 71
Other: 97 

According to the Pitkin County Statistics at www.aspenpitkin.com, Pitkin County is located in the west central part of the State, in the Colorado River watershed, has an area of 975 square miles, about 54 miles long and 30 miles at the widest point. Its eastern boundary is the Continental Divide. The Crystal, Roaring Fork and Frying Pan Rivers flow into Pitkin County from the north; and tributaries of the Roaring Fork, including Castle and Maroon Creeks, flow into the southern part of the County. Elevations range from 6,625 to 14,259 feet atop Castle Peak. 

Population - Pitkin County: 14,872
Median Age/Pitkin County: 38.4
Male: 7,958
Female: 6,914
White: 14,029
Hispanic/Latino of Any Race: 973
Mexican: 655
Puerto Rican: 18
Cuban: 11
Other Hispanic: 289
Black: 79
Indian/Alaskan: 40
Asian: 167
Hawaiian/Pacific: 6
Asian Indian: 10
Chinese: 64
Filipino: 18
Japanese: 32
Korean: 14
Vietnamese: 12
Other Asian: 17
More Than One Race: 199
Other: 352 

Average daily population in Aspen: 20,871. Occasionally, this number spikes to over 27,000. Generally the heaviest days for visitation occur during July and early August. Winter months are somewhat slower although Christmas/New Year's numbers regularly approach 25,000**.
1997 Aspen Metro Area Seasonal Population**
Average Summer Residents: 7,397
Average Occasional Residents: 1,852
Average Overnight Tourists: 4,466
Total Average Summer Residents: 13,715
Average Winter Residents: 7,397
Average Occasional Residents: 2,066
Average Overnight Tourist: 5,051
Total Average Winter Residents: 14,514  

*2000 U.S. Census Bureau Report
**Based on Aspen Sanitation District Flow 

Living in the Roaring Fork Valley
So, far you've probably read and heard about the great reasons to live in the Roaring Fork Valley. But as with any place, the Roaring Fork Valley has its drawbacks, too. Probably the most important thing to understand is the relatively high cost of living. Non-housing expenses tend to run 15-20% higher in Aspen than in metropolitan areas. Housing is scarce and expensive. The average price of a home in Aspen for 1997 was $1.7 million!  

The Aspen/Pitkin Housing Office administers a program for local residents. The Housing Office has an inventory of over 1400 rent controlled units, although the need for housing is usually greater than the number of units available. Just to give you an idea, rent for free-market 2 bedroom apartments range from $1200 to $2500 a month. 2-bedroom deed restricted units administered by the Housing Office rent for between $670 and $1320 a month depending on the location. The waiting list is about 2 years long. In addition, deed-restricted homes, mostly condominiums and townhomes, are available for purchase by residents. Priority is given to people who have lived in Pitkin County for at least 4 years. Because so many residents are interested in home ownership, there is competition when anything is available for sale. It's difficult to generalize on the price of these homes, but it is safe to say that a majority cost over $100,000. That is still much less than comparable housing on the free market.  

Our valley offers a variety of other towns in which to live besides Aspen. About 75% of our employees live outside the Aspen metropolitan area in towns like Aspen, Basalt, Carbondale and Snowmass Village. Although the cost of living outside of Aspen is somewhat less expensive, housing costs are still considered to be high by most standards. It is important to remember that when living outside the Aspen area, commuting time and expenses become factors as well. When the roads are dry, a one-way commute from Aspen is 30-40 minutes, if there are no other delays. During the winter the same commute can take 90 minutes or more.  

This information is not provided to discourage you from considering employment with Pitkin County. It has been our experience that employees who understand the reality of life here are happier than those who arrive unprepared. Choosing to make any location your home involves some compromise. Most of us wouldn't trade our lives here for anything but that is a choice you must make for yourself.  

“Living in the Roaring Fork Valley” was compiled by:
Pitkin County Government
530 E. Main St. - 3rd. Floor
Aspen, CO 81611
Phone: (970) 920-5200
Email: info@pitkingov.com  

Who Lives in Aspen? (Aspen compared to other resort towns)
The conditions that set Aspen apart from other ski towns is that Aspen has its origins in nature and history. The valley is well-watered and relatively low-elevation, making it especially productive and livable, even though it is surrounded by some of the highest and most beautiful mountains in the Rockies. These factors conspired to keep Aspen alive after the Silver Boom died. By the time the first ski runs were developed in the late 1930’s, the town already had a sixty-year-old history enriched with its surroundings, historic buildings and character, which attracted its later residents. Compounding these advantages, visionary leadership in the 1940’s and 1950’s made Aspen an enclave of high quality art, science and culture.  

During the last several decades, other ski towns that were made from scratch, and lacked Aspen’s cultural dimensions. These factors appealed to an intellectual, affluent, famous, and powerful set of people who have joined and often displaced the existing Aspen community. The result is an extraordinary citizenry; thoughtful, vocal, accustomed to being in charge, and contentious in ways only possible when the stakes are primarily about ineffable things like charm and character! Nevertheless, the attractiveness of the lifestyle has created continuous growth and subjected Aspen to a relentlessly inflationary, price-insensitive demand for housing since the 1960’s. The lack of housing for persons who wish to live in Aspen has created a commuter society; the overflow of newcomers has forced these people to live in the towns northwest of Aspen such as Snowmass Village, Old Snowmass, Basalt, Carbondale, Red Stone, Marble, Glenwood Springs, New Castle, Silt, Rifle and Parachute. 

Comparing Aspen to other western resort towns can be startling: 

In Wyoming’s Jackson Hole, the average cost of a new home in 1994 was $255,000, and in Aspen it was $1.7 million.  

Utah’s Summit County (Park City) was the second fastest growing in the U.S. during the first half of the 1990’s, but the 22,000 residents there have real estate valued at only $3.4 billion, while Pitkin County, with just 14,000 people, has real estate valued at $6.6 billion.  

Per capita assessed valuation in Pitkin County is $64,000; twice that in Eagle County; three times that in Park City; and seven times as great in Garfield County.  

Per capita income of Pitkin County residents (not counting the even wealthier second home owners) is 168% of the national average.  

Total annual municipal and county government expenditures in Moab and Grand County, Utah (with 10,000 residents and 3 million annual visitors) are $9 million; in Aspen, Snowmass and Pitkin County the totals are $64 million. 

These trends are unlikely to abate soon, because 80 million American baby-boomers are beginning to reach their late 50’s, and they are inheriting some $10 trillion. The most affluent ones will continue to search out places like Aspen and Snowmass, increasing the pressure to turn the upper end of the valley into an exclusive club served by workers living ever farther down the ever more expensive and stratified commuter-shed. Support for these predictions is apparent in population figures, which indicate that Pitkin County is growing, and those numbers aren’t coming as largely from Aspen. 

Of the towns located “down-valley” from Aspen, Glenwood Springs serves as the health care, education and shopping center of the Roaring Fork Valley. The area from Glenwood Springs to Old Snowmass provides most of the housing, while Aspen and Snowmass offer jobs, recreation, dining and the arts. 

Altogether, most residents seem to find the availability of jobs and proximity to the cultural amenities in Aspen worth the commute; but that balance can be tipped as the driving and parking become more difficult. As the cost of living continues to rise, and as the densely crowded bedroom communities begin to experience higher taxes, urban crime, racial and ethnic tensions arise. The increasing numbers of commuters living far down the Colorado River Valley are symptomatic of the extremely stratified quality of life in the local economy, and they present new problems for extending public transit, day-care, and other social services. 

Of these issues, only public transit has effectively been addressed, and as with the affordable housing program and growth management, The Roaring Fork Transit Authority is showing signs of being overtaken by the pace and regional scale of development. RFTA represents an unparalleled community commitment to public transportation. Today, the RFTA provides a wide range of transit services to more than 3 million annual riders throughout the whole Roaring Fork Valley and Rifle. Among other resort towns, only Park City offers substantial public transportation, and that service is simply a shuttle from the parking lots to the ski lifts, serving about 1 million annual riders. 

Meanwhile, other social dimensions of displacement are relatively new developments that have hardly been addressed at all. Affordable housing and the needs of commuters are complementary problems: where the one issue involves retaining a sense of community by keeping workers near their jobs, the other considers the impacts on adjacent communities once workers have cashed-out or been forced to relocate. Growing problems, exemplified by the ethnic issues (the Latino community now makes up a significantly large portion of the Roaring Fork Valley population), indicate that leaders should focus on how to help maintain a decent quality of life for workers who must leave their children to commute several hours to modestly compensated work in the resort economy. The symbolic relationship between that economy and its workforce demands that Aspen respond to the needs of down-valley commuters with the same energy and vision that have gone into the affordable housing program.  

 

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Real Estate Tips
Buying Land and New Construction >Testing the Soil

Are you building a custom-designed home on hand picked acreage? An essential step is testing the soil, which will determine the composition of the ground that must provide a stable foundation for your new home.

The soil could have a combination of various conditions and characteristics. It might be fine, silt-laden soil that collapses when it absorbs excessive water, or soil with a high clay content that sucks up water and then expands under a building, causing it to buckle or shift. Such soil is easy to excavate but unstable to build on. It must be replaced in compacted layers until it achieves suitable density to provide a stable foundation for the house.

On the opposite end of the spectrum, your land might sit on a layer of hard rock, which is wonderfully stable, but extremely hard to penetrate. Excavation costs will be higher if your builder has to bring in heavy equipment to dig out the rock. A professional soil report will help your builder determine the best approach to engineering your site.

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Real Estate Trivia
Q 
What is considered the oldest surviving non-native building in the U.S.?

A 
The governor's palace in Sante Fe, New Mexico, built in 1609, was constructed with materials and methods adapted from the native Indians.
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Craig Scott, REALTOR®, real estate agent and broker for Aspen, Basalt, Carbondale and Snowmass Village Colorado home listings, property and land for sale - NUMBER1EXPERT(tm)

Craig Scott
Mason Morse Real Estate

514 East Hyman Avenue
Aspen, CO 81611
Cell: 970-309-1140
Fax: 970-925-7027
Direct: 970-920-7368
craigscott@NUMBER1EXPERT.com

I hope I can help you find that special place! "Being a Realtor in Aspen with a reputation for working hard and having business insight and market knowledge has always been my goal. I offer my clients honest advice based on thorough research and present the facts."

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