Articles

Aspen Real Estate: Bubble? A look to 2007, NewWest.net, Jan 24 2007

This article was originally published in the Mountain Business Journal, Jan 2, 2007.

Locally, the past three years have been unprecedented in the Aspen/Roaring Fork Valley’s upward trajectory of real estate values. Prices are at record levels – although at any point in time in the past 50 years in Aspen they have been – and inventory is tight.

The state of the housing market in much of the county may be gloomy but in the Roaring Fork Valley (Aspen, Basalt, Carbondale, Glenwood Springs) real estate values – and especially Aspen/Snowmass – continue to be strong with few, if any, signs of weakening and only isolated, property specific, areas of weakness.

Along with a handful of other resorts, Aspen’s international credentials are unique. The real estate market here is cushioned by a global demand for the Aspen product – a sport, intellectual, and cultural mountain resort powerhouse that’s unmatched anywhere in the U.S. And there is a limited supply of properties here.

There are many reasons for continued strong growth, and here are some national trends and more specific local trends and statistics directly impacting real estate in the Aspen area.

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