Aspen Colorado Luxury Residential Market

Aspen Colorado Luxury Residential Market

The December 2012 Aspen Colorado ultra luxury market was robust with transaction volume in excess of $350 million including 35 ultra luxury properties that had an average sales price of $4.087. 

Notable sales for December 2012 included 1409 Crystal Lake Road and 880 Cluny Road.

Crystal Lake Road that sold for $20.75 million down a list price of $23.50 million. The 11,454 square foot home featured 6 bedrooms and 6 baths, formal living and dining rooms, gourmet kitchen, a lower level family entertaining room. The Estate featured privacy, direct views of Aspen Mountain and was walking distance to downtown.  Selling for $17.50 million or $1342 per square foot, 880 Cluny Road Estate last sold in 2000 for $10.90 million and featured 13,031 square feet of exquisite finishes with 6 bedrooms, 7 baths and 3.69 acres of ultimate privacy in East Owl Creek. 

Additional sales to mention included a beautiful mountain contemporary property at 1720 McClain Flats Road that closed for $15 million, a Red Mountain property at 639 Hunter Creek Road that sold for $11.125 million and a spectacular mountain contemporary residence developed by Richard Wax at 386 Pfister Drive originally listed for $11.95 million that closed for $9 million or 79% of its original list price.

Overall sentiment throughout 2012 was healthy with the two luxury properties sold by Concierge Auctions a early predictor of a strengthening market.