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