The Aspen residential real estate market has generated extraordinary wealth over the last 50 years, outperforming the DOW.
The average price of an Aspen home has increased over 12,000% since the 1970's.
Aspen is located in a valley that severely restricts the land available for real estate development.
Some of the nation's strictest zoning laws and deed restrictions further limit growth potential.
The Aspen real estate market outperformed both the DOW and the overall US housing market during the last two recessions.
Over the last 20 years, appreciation of condos has often outperformed that of single-family homes.
Residential real estate in resort towns has experienced unprecedented demand and rapidly increasing prices during the pandemic.
The bottom quartile of the market has been the best performing during the pandemic and will be targeted for acquisitions.
The bottom quartile is currently outperforming all others by a wide margin and is targeted for employee housing.
Aspen is known for its world class events including the Ideas Festival, Music Festival, and X-Games. It also offers convenient high-end shopping.
Nestled in the middle of the Elk Mountains, Aspen provides relief from a busy world and more recently, from the COVID-19 pandemic.
Residential sales volume and listing prices are setting new records on a daily basis.
Three-fourths of Pitkin County is in the White River National Forest and cannot be developed. Conservation easements have been placed on thousands of additional acres.