When a single-family home in the West End recently sold for $788 per square foot, people took notice. Homes in Aspen typically fetch $1,500 per square foot or more, so the transaction seemed to reflect a new reality in these downtrodden times…The number of local home sales has been so shallow ever since the nation plunged into a recession that many brokers agree it’s too early to tell what the bottom might be here…”Even if listing prices are high, the selling prices are at a significant discount. We’re seeing a good response from buyers and sellers who understand the market. There’s been a resurgence of interest because of it.” one broker commented.
By Troy Hooper, April 2, 2009, Aspen Daily News

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