Record Sales and Off-Market Trades: Why Aspen’s Luxury Market Seems Unstoppable

  • 📰 WSJ
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

320-322 Coach Road, Aspen. VIDEO: Legendary Production

Deals for homes priced at $30 million and above have increased exponentially since 2020, thanks to tight inventory and building restrictionsMichael Klein wasn’t planning to sell the Aspen house he had just built—at least not yet. Chicago-based Klein, who invests in and develops high-end properties, was getting more than $300,000 a month for the roughly 9,000-square-foot home, which made him want to hang on to it.

In Klein’s case, the right price was $60 million. “It was an interesting enough offer that I took it,” said Klein, whose firm Michael Bennett Homes built the house after paying $2.85 million for the parcel in 2014. The buyer is fellow developer Carl Panattoni of Panattoni Development, according to a person familiar with the transaction.

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 98. in PT
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Petra reports lower revenue in Tender 2 sales on back of market dynamicsLondon-listed Petra Diamonds has announced the full results of its second sales tender for the 2024 financial year, having sold 444 029 ct for $40.5-million in revenue.
Fonte: MiningWeeklyAUS - 🏆 233. / 63 Consulte Mais informação »