You can buy something in Aspen for less than $1MM. For $950k you can get 3 parking spots plus storage in the Obermeyer parking garage. Yes!!! this is not dead restricted or affordable housing so it's even an opportunity to make some money as Aspen real estate prices continue to increase. ITs true, Obermeyer is not exactly centrally located in Aspen (0.4 mile walk to gondola, and 0.3 miles to restaurant row) but what can you expect for $950k?
For what its worth, Zillow for sale maps of ski towns look like a bad case of chicken pox (i.e. lots and lots of red dots indicating homes for sale) and there is a ton of both new construction and rehab to sell work going on. I wonder which way real estate prices are going to go?
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