Aspen Lot Sales may have turned a corner.

With 3 lots pending as well as another 3 homes pending that are tear downs it appears that some of the local developers are beginning to have confidence again.

Twenty lots sold in Aspen from 10/23/2011 to 10/23/2012 (not including 8 TDR’s).  This is up from 17 lots the preceding year (and only 1 TDR) so that is a fairly large improvement.  The real news is that there is confidence coming back into the market.  Unless it was a special parcel or the buyers wanted a specific location for a build, Aspen lot sales were quite challenged as the cost to build substantially outstripped the cost of current inventory available.

This is a small segment of the Aspen Real Estate Market however it is a bellweather that may be indicating that the winds of change are upon us.

If you are searching for Aspen Real Estate contact Drew Kitchell with McKinley Sales Real Estate at 970.925.5900

Search the entire Aspen MLS at