ASPEN- — Whether to move forward with the construction of more worker housing at Aspen’s Burlingame Ranch subdivision is a decision that will come to the City Council this spring against the backdrop of a sluggish market for homes and condos set aside for the local workforce.
The Aspen/Pitkin County Housing Authority closed the books on one of the slower years in recent memory for the community’s employee housing program in 2011, when the office recorded 60 sales worth $13.1 million. In the past five years, only 2008, was slower, with 43 sales worth $9.3 million.
In addition last year, there were nine sales of units by their owners, totaling $5.1 million. Those homes were in the Resident Occupied category, generally the most expensive of units restricted to ownership by local workers.
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