Five sales of homes at $13.74 million and more in the last seven weeks…High-end buyers are recognizing that prices might be the lowest they will see in this cycle, so they are seizing opportunities

ASPEN REAL ESTATE — Deep discounts in Aspen’s luxury home prices have lured the wealthiest buyers off the sidelines in recent weeks and fueled hope among real estate agents that the market has turned a corner after a rough couple of years. There have been five home sales between $13.74 million and $20 million in the Aspen area since Dec. 30, according to deeds recorded with the Pitkin County Clerk & Recorder’s Office. At least two other properties are under contract to sell in that range later this month, according to real estate agents.The luxury market is driving the recovery right now, said Chuck Frias, a partner in Frias Properties. “There certainly are more large deals closing than smaller ones,” he said.
By Scott Condon, Feb. 16, 2011 Aspen Times

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See Tim Estin’s blog post, photos and details of these properties: "The Estin Report: Aspen real estate update: Growing confidence = (5) properties >$16MM sold or pending since Jan 31, 11"

Under Contract: 570 Epply Dr Starwood, Aspen, CO Ask Price: $19,750,000. Photo courtesy of Mason Morse Real Estate