Aspen, CO home prices and housing market

The story in Aspen this June is steady strength at the top of the market. The typical home value sits at about 3.5 million dollars, up roughly 6.6 percent over the past year. That is real appreciation, not a market losing its footing. Just as telling is how rarely sellers here are backing down on price. Only about 2.8 percent of listings have taken a cut, which means buyers are not finding much room to negotiate. Inventory is thin too, with about 244 homes for sale and only around 90 new listings added. The median list price is enormous, just over 14.6 million dollars, a reminder of how much of Aspen sits at the very high end. Homes are taking about sixty-nine days to sell, which is normal for properties at this price. If you own here and are thinking about selling, the conditions favor you. Price it right, and this market still rewards patience with strong values.