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Expensive Aspen homes selling

Thu, Jul 7, 2011

News

High-end homes are selling again in Aspen.

The Aspen Times reported today that the glitzy mountain town is fast approaching a record year for sales of homes priced over $10 million. Three such homes are under contract and another 14 have already sold this year. That’s just one off from an annual record number, the Times reported.

A local real estate report in Aspen said that almost one in every four homes sold in Aspen this year were  priced over $10 million.

Aspen real estate agents told the Times that many of the buyers are coming from abroad, especially from Europe, Russia , Mexico, Brazil, Australia and New Zealand.

The high-end homes in Aspen are particularly attractive to foreign buyers because of current exchange rates and the downwardly-adjusted prices after the housing market crash, real estate analysts said.

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