Saying That The Aspen CO Real Estate Market Is Cooling Is Like Saying The Sun Is Cooling
It’s no secret that the real estate market everywhere, including Aspen, Colorado, has been on fire for the past few years. Prices have been setting new records, and properties have been selling at a feverish pace. So, it’s not surprising that some people are now saying that the market is cooling off. While it’s true that prices have come down from their peak, they’re still far above where they were just a few years ago. And, with the number of properties on the market remaining relatively low, it’s expected that prices will continue to rise. So, while the market may be cooling off somewhat, it’s still very much in demand in Aspen. People would just like the prices to be a little more sane is all.
Cooling off in Aspen has a different feel. That $38 million price tag might become $32 million or $28 million but it is still going to be out of reach for the average joe.
Even though the Aspen CO market may be cooling, prices are still expected to remain high. This is because there is a limited supply of land in Aspen, and demand for property in this beautiful mountain town will always remain high. So, even though the market may be cooling off, it’s still a good clip above the average home cost.