Amazing what the downturn in the economy has done to Snowmass real estate. We are seeing prices drop to foreclosure and short sale levels. We may not have as many foreclosures and/or short sales as other locations in the United States because at the height of the market, 70% plus of buyers were still closing for cash. However, at the height of the market at the beginning of 2008 some purchasers were hardly putting any money down, and there are short sales that are now higher than the market itself.
Snowmass Real Estate is approaching 40% of its highs, and if you want to move anything it is over 40% off now. Snowmass real estate is seeing some of the best deals at the New Snowmass Base Village where you can now buy a new condo for almost the same price than an old 30-40 year old remodeled condo. However, why not have a new luxury unit with location, location, location.
They also have high grade finishes, are walking distance to the new mall and its shopping and restaurants, and even have central A/C. For Example, an oversized one bedroom new unit at the Best Building in the Base Village can now be bought for under $900 per sq. ft. where at the height of the market, the price was above $1,500 per sq. ft.. So, for 891 sq. ft. of new luxury accommodations, you can now buy it at $795,000 (~$892/ sq.ft). $155,000 less than the original owner pre-bought it for almost 4 years ago.
Another deal is $1,250,000 for a new 2 bedroom, 2 bath corner penthouse. Both these units have incredible ski access and are located right by the Elk Camp Gondola and Snowmass Village Express. Aspen real estate that has this location can not compare to this deal.
Feel free to contact me by email email@example.com or by phone (970) 319-9719.
Please contact me now for great opportunities in Aspen Real Estate and Snowmass Real Estate. Please also contact me now for more information on rentals in Aspen and Snowmass Village or see my website www.aspen-snowmass-realestate.com .
I CAN HELP YOU BUY, SELL, OR RENT PROPERTIES.
Roget Kuhn Owner/ Broker-Realtor
“An Honest Approach to Real Estate and Rentals”
Aspen Snowmass Real Estate
303 1/2 E. Main St.
Aspen, CO 81611