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!