According to current Aspen real estate market reports, even this town has not escaped unscathed from the recent economic downturn, with the number of transactions and overall purchase prices down from 2009. Still, Aspen condos remain among the most popular choices for home buyers, owing to their flexibility and access to amenities.
Although the market in the Aspen condos market is trending downward, only three months have elapsed in 2010, and an upswing is already beginning to take shape. What this means is that this is an excellent time to consider the purchase of all Aspen condos, as their dollar value is at a reasonable price now and set to increase shortly.
Despite the excellent timing, many can’t afford the price of one or more entire Aspen condos. For this reason, an excellent option is fractional purchasing of Aspen condos. In this method, several homeowners pay a fraction of the cost of their Aspen condo, and have access to it for specified periods in a year. This allows the best of Aspen condo living, and without the need to call ahead and make reservations.
While the last four years of market trends have a seen a significant falloff in the total amount of real estate sold in Aspen, the market is showing signs of recovery, with areas such as Interval and Woody Creek near Aspen showing improvement in January 2010 over December 2009. The prices of Aspen condos are going up, and now is the time to get in on the ride.