Business: Schuss Boom in Colorado

Where is real estate climbing fastest in the U.S.? Try Aspen and neighboring Snowmass, Colo., the ski-and-sun resort area whose population of 17,000 swells to 35,000 when the snow is on the trails from Thanksgiving through mid-April. Six years ago, studio apartments in the Lichenhearth condominium complex sold for $30,000; today, these 675-sq.-ft. jewel boxes go for $175,000. Last year Jay Kuhne, a California real estate man, parted with $275,000 for his three-bedroom town house condo on the Aspen Club grounds; this year the unit is selling for $675,000. Prices are rising by the month. A studio with sleeping alcove...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!