Aspen Home Sales Recovery is Under Way

Residential Sales inventory (Active Residential Listings) in Aspen dropped below the 400 mark yesterday for the first time in more than two years. This represents a 20% reduction in Inventory from the peak of approximately 500 Active Listings. Prior to the Recession, the typical Inventory of Active Listings was 60-80 at any given time.

On another positive note - 10% of all Active Listings in Aspen are currently Under Contract. The propterties that are Under Contract have Asking Prices ranging from $280,000. - $13,700,000. The median price is $1,995,000. The average price is $2,626,000. and the total dollar volume Under Contract is $105,036,000.

Aspen has never remained a "Buyer's Market" for too long, so it's time to get off the fence - if you are on it!