Aspen experienced a very strong and healthy real estate market in 2019 and seems to be off to a strong start in 2020, especially in the core areas above the “round-about” (West End, Red Mountain, Core, East Aspen). Price per square foot set records in many segments of the Aspen Market (West End/Core locales) as inventory has steadily decreased. Investors have gobbled up most of the “deals” and bargain hunters have simply missed the boat. With few exceptions, properties that are priced correctly in good locations are selling quickly, while properties that are still on the market are typically mis-priced. Unfortunately, many real estate brokers vying for listings are simply giving seller’s inflated values, which does nothing for the seller and seller’s insisting on astronomical prices simply don’t need to sell. For investors, the best deals that are still on the market are in West Aspen, East Aspen, Woody Creek, McClain Flats, Starwood, etc. While it’s very difficult to find deals in Aspen’s core, or the much sought after West End, we feel that these investments are very insulated to market fluctuations and are still great long term plays. Lack of inventory, pent up demand, and seemingly strong consumer confidence should keep the market strong through 2020.