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          Aspen real estate market, Covid 19 and upheaval.

          Things were fine until they weren't.

          05/18/20 Bottom Line: The conversation - if it is happening at all - that is taking place between buyers and sellers:

          - Buyers are talking about the new world, new data...of which there really isn’t. Prices have not changed at present. If they are making offers, they’ve been 20-40%. If the ask price is 10M, the offer is 6M – the higher the ask price, the greater the discount expectation. Anecdotally, maybe 50-60% of buyers want a 20M property for 12M. Sellers are countering maybe at 5% off ask. A big divide. On average, the typical discount to ask has been 3-8% in the past year (2019) depending on the property type, location and seller’s motivation.

          -Sellers are saying and thinking “Why should I lower my price if the comparable prices have not changed?”

          -Reason why one might consider lowering their price…?

          -Uncertainty is in the air. The financial markets are off 15-25% depending on when one looks at the indices. Yes, the country is opening back up, but what will it look like in 2, 4, 8 weeks, etc. ?Will things be better or worse? What would Covid-19 Round II look like.

          -Uncertainty leads to paralysis…buyers need a reason to step into the fray. Price usually accomplishes that...

          • Q3 2019: Overall Aspen Snowmass Sothebys Luxury Property Sales Market Share (Jan 1- Sep 30, 2019))

          • Q3 2019: Closings Over $2MM: Aspen Snowmass Sothebys Market Share (Jan 1- Sep 30, 2019)

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          Owning Aspen CO real estate is the capstone of your success.
          You’ve worked the lower part of your anatomy off.
          You’ve made it. You’ve earned it. You deserve it.
          What to do?
          Yodel from the Mountains.
          Go to the broker the experts use.

          Find or Sell your Aspen Snowmass home with “One of Aspen’s best brokers”? Tim Estin MBA, GRI

          970.309.6163

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          Featured Properties

          Exceptional and favorite Aspen CO and Snowmass CO homes for sale, worthy of special attention.. These selections change as properties list and sell.

          $26,900,000
          301 Lake Avenue

          • 5 beds
          • 8 baths
          • 9,597 sq ft
          • $2,803 price/sq ft

          $37,500,000
          314 E Hyman Avenue

          • 6 beds
          • 10 baths
          • 8,771 sq ft
          • $4,275 price/sq ft

          $4,950,000
          320 Ridge of Wildcat Drive

          • 4 beds
          • 5 baths
          • 4,426 sq ft
          • 6 acres
          • $1,118 price/sq ft

          Best Deals

          Identifying the best deals in Aspen CO real estate. This selection of Aspen homes for sale changes as deals come and go.

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          Flip Jobs: Before/After

          See what's possible. Before and after photos and descriptions of recent Flip Jobs of Aspen CO homes for sale from 2014-2018.

          Aspen Real Estate is the ultimate lifestyle choice.
          You’ve made it. You’ve earned it. You deserve it.
          Relax. Kick back. Chill.
          Yodel from the Mountains.
          Go to the Expert.

          Find or Sell your Aspen Snowmass home with Aspen Realtor Tim Estin MBA, GRI
          One of the town’s best real estate brokers”,?reports local media.

          970.309.6163

          Get in Touch

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