ASPEN REAL ESTATE – Aspen real estate took a breather in Jan and Feb. 2013 from the surge of sales in Dec. 2012. The first two months of the year have been characterized by an increase in low-end sales under $1M, a lack of big ticket +$10M sales – a common occurance in the 1st two months of any year with the exception of 2011 when there were 5 sales over $10M, low inventory of newer built product and continued interest in vacant land following last year’s surge of lot sales.

Link to 03/18/13 article ABJ

This two-bedroom/1 bath Waters Ave. condo two blocks from the Aspen Mountain Gondola sold for $705,000 in January from ask price $765,000. While Aspen saw many sales for under $1 million in early 2013, higher-end home activity was very slow. Photo courtesy Coldwell Banker Mason Morse Aspen