Aspen Real Estate Sales Increase But Slowly, ADN
Quarter-by-quarter
comparisons this year indicate that despite the recent spike, there is a
slowing trend in sales, according to a [Aspen Snowmass 3rd Quarter 2011] report by Aspen broker Tim Estin
of Mason Morse real estate. The report indicates that in the first
three months of 2011 there were $209 million in sales (not including
fractionals) which is $60 million more than in the last three
months...In general, market prices have reset to a post-crisis level,
off by an average of 25 to 40 percent, and in some individual cases
more, from the 2008 market peak, according to the Estin Report.
ASPEN
REAL ESTATE - Monthly real estate sales reports in Pitkin County have
been a roller-coaster ride of ups and downs this year, but overall there
is an indication that the market slowly improving. June reached a
five-year record low for that month with only about $39 million in
sales, which is down more than 46 percent from 2010, while February was
up 135.9 percent from the same month in 2010 with $116 million in sales.
Still, over the past two months there has been a steady increase in
activity compared to the same time last year. September saw about $132
million in total dollar sales for all properties, including fractionals,
which is up about 32 percent from September 2010. August saw a similar
spike in sales with a 21 percent increase. Overall, 2011 is ahead by
about 18 percent compared to the first nine months of 2010.
By Dorothy Atkins, October 15, 2011 ADN
Link to article
Click report image for summary and complete report.
Click report image for summary and complete report.
