There were no closings last week, but the preceeding week – first week of July – there were (3) single family Aspen homes that closed at $11.25M, $13.5M and $43M (photo below). Those closings will be posted below again because of their significance in possibly signaling a turn in Aspen real estate market sentiment. In the land of the wealthy – even though their numbers have diminished significantly – Aspen real estate continues to represent long term investment grade quality and stability, not to mention quality of life. At present, there is an historic window of opportunity to buy into Aspen at relative discounts not witnessed since the early 1980’s when interest rates in the high teens-low 20% range stopped almost all activity.
This 25,000 sq ft Red Mountain home on Willoughby Way closed at $43M on Mon July 10, 2009