Aspen-area real estate logged such a strong first half in 2014 that one real estate agent is predicting that the market is finally poised to “lift off” after slogging through the recession and aftermath.“The Aspen real estate market appears to be at lift-off stage — the second quarter and first half of 2014 is what a decidedly improving market looks like,” Tim Estin wrote in his Estin Report,a quarterly analysis of the market. Estin is an associate broker with Aspen Snowmass Sotheby’s International Realty. “There is a change going on in the market that is significant,” he said in an interview. The “big turning point” is a rapidly disappearing inventory in some market segments combined with greater demand from confident and eager buyers, Estin said.
Link to article by Scott Condon, July 11, 2014 AT
Estin Report: Q2 / H1 2014 State of the Aspen Real Estate Market Pg 9 Chart