Sales of Colorado Mountain Resort Homes in July Lowest in Years, DP
Aspen
— particularly the tony downtown and west end — saw its average
single-family home price climb in July, from $5.99 million in July 2010
to $6.60 million. "Well-located, newer construction and unique, over-the-top beautiful properties continue to sell at premium prices," Aspen-area broker Tim Estin said.
DENVER
- Real estate sales in Colorado's mountain-resort communities were
gaining steam through most of this year, continuing a steady rebound
from the market decimation of 2008 and 2009.Then came July...July sales
in Pitkin, Eagle, Summit, Routt and San Miguel counties were the lowest
in years, potentially derailing a resort real estate market tracking
toward recovery. While the mountain counties still are ahead in
year-to-date sales, the dismal July — the lowest month for sales in any
month in the past six years in Pitkin County — could burst the
optimistic bubble that drives Colorado's mountain real estate
industry.Brokers offer a potpourri of issues that plagued the market:
the European financial crisis, domestic squabbling over debt and unease
over the country's crawl out of the recession.
By Jason Blevins, Sept. 9, 11 The Denver Post
Link to article
Photo courtesy of DP
