Ski Resort Real Estate Rallies from 2009, AT

In year-end summaries released this week, two real estate agents in Aspen-Snowmass wrote they believe the market is recovering.“The market appears to have bottomed in 2009, falling 57 percent from its 2006 high,” wrote Tim Estin, a broker associate with Mason Morse Real Estate and author of the Estin Report, an analysis on the Aspen-Snowmass Village market. In addition to the dollar volume increasing from 2009, the unit sales of all property types is up 18 percent, Estin said, and the inventory of listed property has declined by 13 percent.

ASPEN REAL ESTATE — The mountain resort real estate markets in Aspen, Vail and Breckenridge bounced back in 2010 after bottoming out in 2009, but they aren't close yet to returning to their glory years. The dollar volume of sales is up by double digits through October this year compared to last year in Pitkin, Eagle and Summit counties, according to reports prepared by Land Title Guarantee Co., which has offices in each of the markets...Pitkin County sales, dominated by Aspen and Snowmass Village, are up 12 percent this year compared to the same point last year. Sales were at $1.02 billion at the end of October. Sales reached $1.07 billion for all of last year, the report showed.
By Scott Condon, Dec. 30, 10 Aspen Times

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