Business Monday: Go Figure
Hotel rates in Aspen for the Winter X Games were down 16 percent compared with the 2017 X Games, according to hotelscombined.com. The average price from Thursday through Sunday was $540 a night, compared with $646 during last year’s X games.
Meanwhile, Aspen’s average daily rate for lodges for all of December were tops in the state. The Rocky Mountain Lodging Report noted that Aspen hotels on average charged $894 a night, well ahead of second-place Vail’s $537 average. For all of 2017, Aspen lodges averaged $492 a night, also the most expensive rate in Colorado.
Aspen home prices rose 21.3 percent to $1,429 per square foot in the fourth quarter of 2017, according to real estate company Douglas Elliman’s latest market report. In Snowmass Village, the average price per square foot rose 12.9 percent to $728, the report also said. Other tidbits worth noting were Aspen homes sales increased by 3.4 percent in the fourth quarter compared with the same period as 2016, while homes spent 272 days on the market, down 4.5 percent.
Pitkin County residents draw the sixth-highest amount in annual Social Security payments in the state, according to smartasset.com. Residents received on average $19,227. Summit County residents receive the most in Colorado, receiving an average amount of $20,743.
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