Selected for his extensive Aspen real estate expertise, Gary Feldman, founder of the Gary Feldman Group at Aspen Snowmass Sotheby’s, was quoted in the March 9, 2018, London Times article “Aspen: The Billionaires’ Playground,”
in the publication’s “Bricks & Mortar” section. The article focused on Aspen as one of the top-performing luxury property markets in the world.
Feldman, who consistently works with international clients, gave his opinion on the level of scarcity in the Aspen market and more.
“Thanks to historic anti-growth laws … property in Aspen is ‘a scarce commodity chased by the world’s richest people, says Gary Feldman, a local estate agent for Sotheby’s International Realty. ‘There haven’t been any new condo blocks since the 1970s. Development projects tend to be refurbishments. Entry-level for a condo is $750,000 (£543,000) to $1 million, with duplexes or townhouses in the downtown area $3 million to $5 million.’” …
Feldman went on to provide his knowledge about fractional ownership as a feeder market in Aspen:
“ … In Aspen fractional-ownership schemes are a great feeder market, says Feldman. ‘Buyers start by spending $300,000 on a fraction, decide they like the downtown, then invest in a detached home for $5 million-plus.’”
Having strong, longtime relationships with local, national, and international media, the Gary Feldman Group is frequently requested to provide input on Aspen/Snowmass real estate stories.
Call Gary Feldman to learn about his ability to access the international market to benefit both sellers and buyers.