Steamboat Springs Bill Reid, chief operating officer of Alpine Mountain Ranch, reported Thursday that paving work on seven miles of internal roads at the luxury subdivision just south of the city limits is under way.
The paving alone is costing nearly $1.5 million, he said.
"Our mission to develop extraordinary curb appeal is going well," Reid quipped.
Area contractors working on the project include Connell Resources doing the asphalt work, Civil Design Consultants engineering, Precision Excavating and NorthWest Colorado Consultants geotechnical engineering, he added.
Twin crews are paving the road to county specifications and the work is due to be completed Friday.
Recent home sales hit $1.27 million mark
There were four sales June 29 totaling $1.27 million. Homes continue to sell for relative bargains in Red Hawk Village in Stagecoach. A 1,900-square-foot home that sold for more than $500,000 in 2007 sold for $297,000. So far this year, six homes in the project have been sold, none for more than $315,000.
At the higher end, a 4,000-square-foot Stonewood townhome on Eagle Glen Drive sold for $1.995 million June 25.
Aspen dollar volume off despite some big sales
The Vail Daily is reporting that even though 40 homes valued at more than $3 million have sold in Pitkin County this year, dollar volume is off significantly.
Sales fell by 44 percent in May to $64.48 million, compared to $114.38 million in May 2008 according to figures released by Land Title Guarantee Co.
Through May, the total dollar volume of all real estate sales in Pitkin County was $407 million compared to $608 million at the same date last year.
A house in the Maroon Creek Club listed for $6.95 million was placed under contract within two weeks of going on the market. Two other houses in the neighborhood are under contract at $15.5 million and $13 million.