Home Prices Up 23 Percent In One Market

October 14, 2008

There are always exceptional up and down markets in real estate. One particularly bright spot currently is the Aspen area in the Colorado Rockies. Here, the average home price is up by 23 percent over the first six months of last year, according to Robert, a seasoned Realtor in Aspen.

Two very high priced homes were sold during the first half of this year, thus contributing to the high average price. They sold for $36,375,000 and $35,000,000. "The Aspen market is experiencing strong sales in the best valued segments of the market," Ritchie said. "Prime properties are hard to come by in this market. Pricing for a new exceptional property is from $2,000 to $3,000 per square foot."

Posted in Real Estate, Things of Interest