$135 million under contract in last month…while it’s not surprising to see such a high level of activity in early August, it’s noticeable because of the combination of the timing, interest in high-end properties and the Aspen area coming out of a slumped market.

ASPEN REAL ESTATE – Eighteen single-family homes totaling $135 million have gone under contract in the last month in the Aspen and Snowmass Village areas, according to an analysis by a local real estate broker…The contracts include a $29.5 million property on Maroon Creek Road near Highlands and a $20 million home bordering the North Star Preserve east of Aspen — all the way down to the lowest-priced property in the group at $2.5 million.This high level of real estate activity doesn’t necessarily mean anything unusual or break any records, brokers said, as August is typically the busiest month of the year for signing contracts. But it’s a snapshot of current real estate activity, and with many predicting a turning in the local market and a strong interest in its high end, it bears watching.
By Catherine Lutz, August 19, 2010 Aspen Daily News

Link to article

For each week’s Aspen Snowmass real estate sales and market activity, see The Estin Report blog posted every Monday morning.