|Aspen real estate statistics for the month of May 2015 show some interesting
recent trends. Sales of properties between $1,500,000 and $1,999,999 dropped
over 30% from last year while homes between $6,000,000 and $6,999,999 went
up 300%. Homes between $16,999,999 and $19,999,999 also went up 300%
from 1 in 2014 to 4 in the past 12 months. The trend for the lower-end sector
also went up to the tune of 54.9%. So why did several of the pricing sectors
decline? Lack of supply. Properties priced under $4,000,000 have seen a
rapid absorption recently. The majority of properties priced under $4,000,000
that show nicely sell quickly. If you’re looking for a single family home between
$2,000,000 and $4,000,000 as of today there are only 21 to choose from – in
the entire Aspen zip code of 81611.For the month of May the highest priced sale was on Popcorn Lane (one of
my favorite streets) which sold for $8,600,000. This beautiful home was on the
market for only 121 days and sold for 96% of the list price. It had a European
flair, a guest house, 3 miles from downtown Aspen and in the lovely Morningstar
Community with river frontage for the family to play in.Another sale in May was a home on the Ridge of Red Mountain. This was a nice
home but it lacked the world-class views most of Red Mountain is famous for.
This property was on the market for over 3 years – a home in Aspen with no views
can be a tough sale. It finally sold for $1,067 per square foot/$5,600,000. It was
built in 2002, had 4 bedrooms, 4 full baths, 2 half baths, home theater, hot tub
and two car garage.
A “remodel opportunity” sold in Aspen Highlands for $4,218,000 on May 8, 2015.
A lovely home in Maroon Greens near Buttermilk ski area (just outside of Aspen,
Some might say the Aspen market is too small for statistics and for the most part
If you are looking to buy or sell real estate in the Aspen Area, give us a call.