…In his monthly newsletter issued last week, Aspen Sotheby’s broker Tim Estin noted that the first five months of this year mark the “third-worst performing period” in the past 10 years in the Aspen-Snowmass real estate market.
“Savvy sellers might consider getting ahead of this dismal news and price with a reality-based mentality,” Estin reported. “Buyers may wish to consider the opportunity here to enter the Aspen market finding better values than last year. The summer selling season will let us know.”
The actual statement from The Estin Report:May 2016 Monthly SnapshotAspen Snowmass Real Estateread as follows: “May 2016 YTD, from Jan 1 – May 31, has been the 3rd worst performing period in the past 10 years. Only 2009 and 2010 were worse”.
Link to article, By Rick Carroll, June 12, 2016 AT