What a difference two years can make ! Two years ago there was not much inventory for sale in Aspen and there were tons of buyers looking to buy. Today there are 124 condos, townhomes and duplexes listed in the central core of Aspen. There are currently 6 duplexes priced between $2,150,000 and $5,200,000, 101 condos priced between $229,000 and $32,000,000 with 85 of those being priced between $750,000 and $4,500,000. Wow, what a selection! There are 13 townhomes priced between $1,625,000 and $10,900,000. All of these range from studios to 5 bedrooms. The average price per square foot is still running about $2000 but there are some great deals out there.
There are currently 192 single family homes for sale in the Aspen area, not counting Snowmass or Woody Creek. There are a few good deals out there but expect to pay at least $4,000,000 for a three bedroom, single family home in town. What a great time to invest in Aspen! The stock market is unstable, the prices in Aspen have fallen just a bit but have held pretty steady even though the economy is not so good. Aspen is and always has been a wonderful place to invest your money.
I expect that after the election or soon afterwards, no later than the beginning of the year, that real estate in Aspen will go back to the way it was. When people start coming to ski, starting about Christmas time, the sales will increase because everybody loves Aspen and wants to own their own place here. The inventory will decrease, the prices will go up and we'll be back where we were a couple of years ago. We are in off season right now and it's a great time to start looking for that special place. If you or anybody you know are looking for a place to invest your money, Aspen is always a great place to spend your money!
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