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Snowmass Real Estate: Looking for Positives, SS

Now's the time to buy in Snowmass ...no one can refute the fact that if you have the resources, there hasn't been this good of a time to buy in the Snowmass Village for at least a decade.

ASPEN AND SNOWMASS REAL ESTATE - The good news is, it's now an unbelievable time to buy property, a condo or single-family home in Snowmass Village.On many local properties, prices have dropped a staggering 30 percent of late and in terms of selection, there is variety galore.“We have a lot of people looking,” said a veteran Snowmass real estate broker. “When people start to look, there's a better attitude” and hopefully, more potential for sales.Countering any rays of sunshine are some brutally harsh realities that have been released lately both through land title companies and during a March 10 Aspen Board of Realtors Real Estate Summit at the Hotel Jerome.“This is a tough, difficult and interesting time right now,” said Randy Gold, a partner in Aspen Appraisal Group LLC. Gold backs up his opinions with more than 30 years of experience in the Aspen/Snowmass market.In terms of sales volume, Snowmass Village experienced a drop of more than 75 percent, from 84 properties in 2008 to 21 in 2009.
By Madeleine Osberger, March 10-16, 2010 Snowmass Sun

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