“The prices will go where they need to go, based on economic principles,” Brian Hazen, the agent who represented the buyer, said. “I judge Aspen by its quality of life and whether it’s still desirable, and I think [the sale] gives proof that we are a very, very desirable place, and people are still looking for a good value. It’s a testament to the strength of our market during very difficult times.”

ASPEN REAL ESTATE — Pitkin County’s most expensive single-family home sale in nearly a year closed Tuesday when a McLain Flats area estate fetched $24.5 million.Aspen Lakes Ranch, located at 460 Sunnyside Lane in the Moore subdivision, was built on spec in 2009 by Aspen developer Bob Bowden. Bowden is the president and owner of ALR II Development Inc., the seller of the property. The buyer is Aspen Lakes Ranch LLC, whose return address is in New York, public records show. The LLC was formed in May, according to the Colorado Secretary of State. No other information about the new owner was available Tuesday. Both Bowden and Brian Hazen of Aspen-based Mason & Morse, who represented the buyer in the transaction, said the sale is significant given the downturn in the Aspen real estate market over the past two years.Bowden said negotiations with the buyer carried on for six weeks. There were six potential suitors, he said.
By Rick Carroll, June 23, 2010 Aspen Times

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