Tim Estin, an associate broker with Aspen Snowmass Sotheby’s International Realty, tracks and compiles flipped property data and uses it for his market analyses, published on his website, www.estinaspen.com…”What’s happening in the upper end of the Aspen real estate right now is beyond rational,” Estin said via email. “Typically, real estate markets are anchored to comparable sales data but in a number of respects now, they have lost their meaning. There’s an unpredictability to the Aspen (and Snowmass Village) market now removed from any sort of metrics….In the upper end of our market — say above $20 million — that … is being driven by billionaires, their passions and impulses. We are into another realm of billionaires pumping up property values, where a common $5-15 million difference in price doesn’t seem to make any difference. Yesterday’s sale is the deal you missed and there are more and more examples of ‘off-market,’ unlisted properties trading at record prices.”. Link to article
See Flip Job Section for many recent examples of flipped homes for sale in Aspen CO area.
