The Aspen real estate market continues to rebound in 2011. We saw a minor turnaround in 2010 from the drastic drop of 2009. This has been followed by a somewhat better upswing in 2011. Since the market hit bottom in 2009, the Aspen real estate market has improved over the past twenty-two consecutive months. The high-end segment of the single family home market in Aspen may actually set records this year for both the number of transactions and dollar vollume. Astute wealthy buyers know that now is a good time to capitalize on the strong buyer's market. So far this year, there has been ten Aspen homes priced over $10M closed with several more currently under contract. It is very likely the Aspen market will beat the previous record of fifteen $10M or more home sales in one year.

During the first six months of 2009, twenty-two single family homes sold for a total sales volume of about $121M and an average sales price of about $5.5M. During the first six months of last year, the overall volume of single family home sales increased by 62% to $194M comprised of thirty-one homes sales at an average of $6.3M. For the first half of 2011, the total volume of Aspen single family home sales has increased another fifty-six percent over the first half of 2010 to about $302M. So far, forty-three homes have sold with an average price of about $7M. The inventory of Aspen single family homes peaked in 2009 at about 400 and has steadily declined to about 220 today.

If you have been a wait-and-see buyer and you do not want to miss out on taking advantage of the current low prices in the Aspen real estate market, you should capitalize on the terrific opportunities available now. All you have to do is give me a call at (970) 309 3620, drop me an email at jgausnell@roaringforkrealty.com, or to visit our website, please Click Here..

Jack G. Gausnell, GRI, ePRO
Broker/Owner

Roaring Fork Realty
256 Main Street
Roaring Fork Valley, CO 81623
Tel:                   (970) 309 3620
Toll Free:           (800) 963 7172
Fax                   (970) 963 7072
Email:         jgausnell@roaringforkrealty.com
Newsletter:  http://realtytimes.com/c/JackGGausnell
Website:     www.RoaringForkRealty.com