Traditionally February and March are very busy selling months for Aspen and Snowmass Real Estate. This is the time when the most number of wealthy cliental are in town with their families and there are a number of conferences that bring CEOs and their top staff together for meetings in town. Beware of the “Aspen Glow” as it can get you in the mood to buy Real Estate. Will “daddy big bucks” look at Real Estate and make the decision that this is the best time to buy – that it’s the best it’s been in the last 5 years? Inventory is up, Buyers are motivated and each personal business is still working.
…Or will the results of the 8 week period be just the opposite as these wealthy individuals feel that the Aspen Real Estate market has not yet bottomed out, or that they’re as broke as most and have not received any bail out money so if they saw the right deal they couldn’t pull the trigger regardless.
My crystal ball says that there will be modest sales activity because if you find the perfect match in Aspen you should buy it. It’s hard to find the perfect property and you don’t want to pass up it up if you have the money. I do think, however, that more sellers need to reduce prices to get the market going.
- Dale Potvin, Owner/Broker
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Our market still needs to “crack.” Sellers who really want to sell are going to have to give buyers a reason to jump in. Aspen is unique in that there are very few sellers that “have to” sell. I think February and March will bring continued lower than average volume – the few deals coming from extremely motivated sellers.
- Matt Holstein, Associate Broker
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