Prices for real estate in the Snowmass Village area have been declining and went flat in 2012. This year, however, there have been significantly more sales. In addition, the commercial development Base Village, which is the centerpiece of the area, has begun construction again after 4 years. Real estate experts are urging buyers that this is potentially the best time to purchase or invest in Snowmass Village as it has “hit bottom” and will likely see modest value increases moving forward.
“With the summer selling season still ahead of us, there have already been 86 closings in Snowmass Village this year,” says Erik Berg of Portfolio Aspen Properties. “That is compared to 82 total sales in 2011 and 2012.”
Base Village, a massive real estate development by Related Company, has submitted a land use application to start construction again after a 4-year hiatus. Base Village is the pulse of the Snowmass Village so as the development starts to show signs of completion, people’s confidence in the Snowmass Village real estate market will start to rise.
“Since being listed 8 months ago, the Related Company has closed on 44 Viceroy Hotel condominiums- full ownership units, not fractional timeshares,” says Berg.
About Portfolio Aspen Properties
Portfolio Aspen Properties draws from the largest and most comprehensive network of available homes in Aspen and the Roaring Fork Valley to make sure its clients see all of the properties that meet their criteria. Portfolio brokers deal with clients looking to buy Aspen property, sell Aspen property, and invest in Aspen property. The company also provides its clients with a diverse collection of high-caliber luxury rental properties in Aspen.
Originally published on PR Web.
