Reasons for Aspen area’s sharp spike in sales:
Covid 19 related, people exiting big cities – LA, NYC, Chicago, Miami, Dallas – pandemic, fires, urban unrest, health concerns, desire for better quality of life, global warming, historic low mortgage interest rates and search for cooler climates, mountain living at its best.
The pandemic sales surge is the result of buyers looking for more full-time living vs vacation home properties, larger homes to accommodate more family members, more space and open air.
Anything new or like-new remodeled is flying off the shelf. If it is not, something is wrong or missing with the property.
Other less immediate reasons: Aspen offers a world class nexus of sports, arts, and culture unmatched in any other mountain community. We have amongst the strictest zoning rules in the country, extremely low property taxes, a sophisticated and technologically efficient valley-wide public transportation system and an advanced, 40 year affordable housing program for locals without peer from the rest of the country.”
(See article: Why US real estate has prospered during Covid 19, International Banker)
(Sent to a client on Oct 14, 2020)
