Notable sales for August 2011 included 5 standout condo and townhome sales priced between $2.075 million and $4.2 million. The 3 bedroom Laco penthouse was sold unfinished for $4.2 million at 1185.00 per square foot, and the other premier 1 bedroom penthouse at 104 W. Cooper sold for $3.595 million at a premium of $2221.00 per square foot. Additionally there was the sale of the 602 W. Hallam Street single family home for $5.075 million, and the top sale for August was the very private and secluded property at 44010 E. Highway 82 that sold for $13.5 million from its original asking price of $19.950 million.
Overall there were 18 residential sales that closed at 87% of list price at $977.00 per square foot for the month of August. There are currently 43 additional properties at an average price of $3.1 million that are under contract. Aspen real estate continues to perform remarkably amidst economic uncertainty and global unrest. No time like the present to invest into Aspen / Snowmass real estate and enjoy something that remains consistent and tangible.
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