The real estate brokers at Portfolio Aspen Properties are pleased to announce the continued upward trend in land sales in the Aspen, Colorado area. Contributing to this trend, this week, the U.S. Forest Service auctioned off five undeveloped lots in Aspen’s prestigious West End. Real estate in 2013 continues the trend of high land sales due to low inventory of new residential properties.
According to Portfolio Aspen Properties, in 2013 to date, there have been 19 land sales in Aspen including the 5 auctioned. In 2012, there were 26 land sales in Aspen, compared to only 13 sales in 2011 and 14 in 2010.
“The purchasers did not get screaming deals on the lots, but they did get a nice discount because if the lots were purchased on the open market they would have gone for more,” said Erik Berg of Portfolio Aspen Properties.
This week’s US Forest Service auction, which lasted over two hours, ended with three separate buyers for the five lots. The total sale for the five Aspen properties was $7.01million. The sale will allow the White River National Forest to begin the process of remodeling its Aspen headquarters.
Portfolio Aspen Properties urges those interested in buying or selling real estate in the Aspen, Colorado area to jump aboard this trend. Call us today to view properties available in Aspen.
About Portfolio Aspen Properties
Portfolio Aspen Properties draws from the largest and most comprehensive network of available homes for sale in Aspen and the Roaring Fork Valley to make sure its clients see all of the properties that meet their criteria. Portfolio brokers deals for clients looking to buy Aspen real estate, sell Aspen real estate, and invest in Aspen real estate. The company also provides its clients with a diverse collection of high caliber luxury vacation rental properties in the Aspen area.