Lawrence Yun, chief economist of the Nationwide Affiliation of Realtors, sights the Aspen-spot household authentic estate sector through a lens of tens.
“Very, pretty several markets in this place have this ten-ten-ten sector condition of wherever you have a (ten,000) sq.-foot-house that fees $ten million for a dwelling consumer who needs to use it only ten times a year,” he informed the packed ballroom group at The St. Regis Aspen Vacation resort.
Yun’s remarks — even though steeped in fact — captivated scattered chuckles from these at the Aspen Board of Realtors’ Annual Market place Update Luncheon on Thursday. They also punctuated appraiser Randy Gold’s evaluation of the regional assets market’s latest position.
Gold, whose Aspen Appraisal Team has been analyzing assets values in the higher Roaring Fork Valley for forty two several years, reported he expects 2020 to be a different year of high gross