Luxury Real Estate for Sale Around the World

At the forefront of luxury real estate marketing, the proud the recipients of two awards from the esteemed Who’s Who in Luxury Real Estate The World’s Most Outstanding Luxury Agency Under 2 Years Old (Outstanding Rookie 2008) and Best Luxury Real Estate Brand (2009), Marquette Turner Luxury Homes is the home for your property search including luxury homes, resorts, developments, apartments, condos, villas, mansions, penthouses and islands throughout the world.

We focus on assisting high-net-worth individuals to achieve the most appropriate exposure in marketing their luxury properties via the luxury lifestyle magazine-style website MarquetteTurner.com and in assisting aspirational investors find their ideal property.

We have forged partnerships with developers, real estate agents and vendors throughout the world and are proud to present to you an exceptional showcase luxury homes for sale or rent throughout the world.

Thursday, February 28, 2008

Aspen Real Estate Prices are "Nothing Special"

Aspen Ski Resort in the US sounds expensive just thinking about it. It might look cheap or expensive compared to the budget you have for buying real estate and secondly it might look cheap or expensive compared to other luxury real estate in other US ski resorts.

The first price distinction is a personal matter; it just depends on your budget. If your budget is $US100,000 to buy a vacation apartment, then Aspen will definitely look expensive to you.

But if your budget is $US2 million for a two-bedroom condo and you are comparing it to other luxury resort towns you will find that Aspen prices are not outlandish anymore. Back in the heydays of Aspen becoming a hip place its prices always bordered on the insane. It used to really take a leap of faith to buy.

That is what changed. Aspen apartments in the central core of town range from about $US1,400 to $US1,800 per square foot depending on level of finish, age and location. International real estate prices like London and Dublin have far outpaced Aspen and tourists often go bargain hunting for real estate in Aspen.

As Aspen is fast becoming an international destination resort the weak US Dollar is turning real estate prices into bargain basement levels for a large swath of wealthy individuals. The British Pound is hovering around 2:1 to the Dollar and the Euro is at an all time high nearing 1.50:1 to the Dollar.

Aspen, with its 5,000 single-family homes and 5,000 apartments between them are on an even keel with standard Manhattan Real Estate and we are not talking the Fifth Avenue places that demand prices of up to $6,000 per square foot. Just that fact should ensure that real estate in this little town will do well in the future as Aspen is a special place at currently an “un-special”price.

Posted by Toby Munk on 02/23/2008 at 06:23 PM
Aspen Real Estate

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