opportunities abound to own your piece of Aspen, CO

excerpt by Curtis Wackerle, Aspen Daily News Staff Writer:

Back in the glory days of the real estate boom, more than 90 percent of sellers were seeing 90 percent or more of their asking price. That metric has now slipped to 42 percent, Michael Adams and Andrew Ernemann told the crowd.

But even with the slippage, most people aren’t having to lower their asking price by more than 20 percent, according to the brokers’ data.

“Twenty percent is still acceptable to many people,” Adams said.

There have been a few 40 percent reductions, mostly in west Aspen neighborhoods, Ernemann said. Home prices closer to the downtown core are holding up better, he said.

The day did not end without some Vail bashing.

In discussing one of the reasons that Aspen will remain a durable real estate commodity, Taylor said that Aspen has a special way of feeling like home, even to people who are only here part time.

“Vail never feels like home. If feels like a giant hotel,” Taylor said to boisterous applause.