REAL ESTATE UPDATE
Since the change in National Presidency, we have seen an uptick in real estate action and are on track for a healthy winter quarter. We mentioned the lower number of sales at higher dollar amount several times in 2024.
ONE PERSON was involved in the $108,000,000 sale on lower Red Mountain, a purchase at $48,000,000, a sale of a remodel on East Hyman $55,000,000, a purchase in the West End of Jack Nicolson’s former home for $58,000,000, PLUS two more by the music tent at $35,000,000 + each. This is about 21% of the over $1 billion in sales in the Aspen market for single family homes.
Does that skew our numbers... Yes, and we find more and more unlisted properties selling at $6-7,000+ per square foot. Unfortunately, too many sellers and their brokers are over pricing properties not nearly as exceptional as some of these. Tune in next month for further updates!!
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