Commercial Property North West

In looking at some property in Colorado. He is on the north side and is about 100 miles west of Aspen in Aspen poor. "My parents are spit and my mother and I get along very well and have much in the same, I am looking for a house to move. I found this place really very little on the outskirts of the city. This is a set of 4 ha. The asking price is $ 220,000. It seems really high for me in a region where real estate prices are like $ 5,000 an acre in general. Is it high or is it just that much value. It is residential and can not be transformed into a commercial land thank you.

They require about $ 200,000 too. Offer them $ 20,000.