Aspen Mountain Standard Time
(MST)
Feb 2017
Low-Down
Heading into peak
season: Feb-Apr.
Sales activity rising
significantly...
Trump trade:
Financial markets up.
Rates rising.
Inventory declining in
most desirable areas.
Market favors sellers
in West End and
Downtown Core,
but favors buyers
outside these areas
where greater
opportunities exist.
Two tiered
pricing levels:
1) New-built
contemporary =
> demand
> premium prices;
2) Everything else =
> days on market
< demand
> negotiable
> poss. discounts.
During Recession,
there was little
new construction.
creating a 4-5 yr
void in new product.
New product sales
now are raising
the comparable avgs.
whch masks realtiy
for older home sales.
See recent 2/23/17 WSJ
on luxury home sales,
"High-end home sellers
across the country are
offering discounts as
luxury market softens...
Buyers are very price
sensitive...If it’s not
priced right it’s going to
sit until the cows come
home...expensive
trophy estates have
generally become
challenging to sell
to today’s ...millennial
buyers....these behemoth
trophy properties… have
become very hard to sell
to the people who can
afford them.”
(SeeInterest Rate Historical Chart
since 1790 and
Consumer Price Calculator)