Aspen: 60% Second Homes, Suitcase Town

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Let’s face it: the value of property in places like Aspen just doesn’t tumble. It may take a hit from peak pricing, but honestly, will the average price of an Aspen home ever go back to $50,000, where homes were years before the boom? The average Aspen home is now about $6 million and the community is so loaded with second (or multiple) home owners, many of these beasts sit empty most of the time. That does not create good community: at least one developer is putting together a neighborhood where full time residency is required.

Alas, now may be the best time to buy in Aspen, where one local agent says people with serious money always seem to float. And if money gets tight, many second home couples are selling primary homes in the city and moving to Aspen full time, which could alter the city’s dynamics all over again.

This puppy: a mere $35,750,000.

Candy Evans

Candy Evans

3 Comments

  1. Second Homes and Love Affairs | Second Shelters on November 28, 2010 at 1:37 am

    […] (Just wait as the great transfer of wealth occurs as Boomers became the grannies.) Look at Aspen: 60% of the town’s homes remain empty while their owners jet set to their other homes. I know people whose marriages are sustained because they can live in their […]



  2. Second Homes and Love Affairs | Second Shelters on November 28, 2010 at 1:37 am

    […] (Just wait as the great transfer of wealth occurs as Boomers became the grannies.) Look at Aspen: 60% of the town’s homes remain empty while their owners jet set to their other homes. I know people whose marriages are sustained because they can live in their […]



  3. Second Homes and Love Affairs | Second Shelters on November 28, 2010 at 1:37 am

    […] (Just wait as the great transfer of wealth occurs as Boomers became the grannies.) Look at Aspen: 60% of the town’s homes remain empty while their owners jet set to their other homes. I know people whose marriages are sustained because they can live in their […]