Aspen/Snowmass has always been a refuge from the world’s problems. Visitors come to immerse themselves in our way of life and enjoy the outdoors and cultural activities.
Aspen has seen its share of hard times and survived. “The Quiet Years” after Congress demonetized silver and the mines closed; the oil market meltdowns; 9/11; and, most recently, the 2008 recession.
Aspen is being tested again with a “Stay At Home Order” and cancellation of its summer kick-off marquee event, Food & Wine.
Throughout the years, Aspen real estate has become the gold standard for visitors and residents alike; rebounding time and again because of its ability to offer people an escape from real world issues.
What will happen to the local real estate market in the wake of the coronavirus (COVID-19) pandemic?
There has always been optimism running through the veins of Aspenites that is infectious in its own way. This is why so many choose to make a home here. After the COVID-19 pandemic subsides, even more of the world will seek its limited supply, thus sustaining and driving the local economy.
There is no question that this latest challenge will leave its own indelible mark. Sellers will have to wait longer for buyers to return, but keeping their properties on the market is just as important while people turn more often than ever to online shopping. High-end virtual tours, photography, videos and staging will offer a competitive edge for sellers.
Buyers are still active and watching for opportunities. Well-priced homes will be the first ones to attract buyers when the time is right.
If you would like to discuss your home or the purchase of one, feel free to call me. I would love to give you the benefit of my 35 years of knowledge I’ve acquired about Aspen/Snowmass real estate. And, more importantly, I’d enjoy the opportunity to talk with someone other than my wife.
Stay well during this “forced” vacation.
