The Real Deal New York

Aspen sales market to see best year since 2007

Average condo prices increased 20 percent from 2013

The Aspen real estate market is set to complete its best year since 2007, thanks to a major spike in sales above $7.5 million.

According to the Estin Report from Tim Estin of Aspen Snowmass Sotheby’s International Realty, average condo prices increased 20 percent from $976 in 2013 to $1,176 in 2014.

Tightening inventory is also pushing prices up, according to the report.

Chasing the booming market, Douglas Elliman has made a push into the Aspen market.Christopher Cameron