Real Estate Falls In Aspen
The numbers are pretty dramatic. While over the past couple years real estate sales have had some $200 and $300 million months, this year's biggest month, August, brought just $160 million. The October property transactions in Pitkin County were a little more than half that at $86.5 million. Development in Aspen has slowed meaning that fractional and condo units aren't being closed on as quickly. Real estate brokers are telling people that it's a buyers market for those interested in making a deal in Aspen. You'll still pay millions for a luxury ski home, just a few less million than you would have a few years ago.