Monday, April 04, 2005

Aspen -- Synonym for Real Estate Nirvana

When it comes to crazy markets, nothing beats Aspen, where I'm taking a quick break from covering the huge Mountain Travel Symposium (one of the premier talk- and deal-fests for resort travel sales and marketing folks.) A local broker says that just five years ago luxury home sales with price tags of $1,000 per foot were thought to be "in the stratosphere." Now $1,000 per square foot is common. Did you do the math? That's a cool two million for any little 2,000-square-foot house. (And that's a closet in some neighborhoods here.)

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