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Warm Stretch for Aspen-area Real Estate Sales Ends in July, AT

July 2010 Report: Dollar volume fell 41.5 percent this July compared to last year; year-to-date volume remains higher

ASPEN REAL ESTATE – A warm streak for the real estate industry in Pitkin County hit a bump in July.The dollar volume of all real estate sales in the county dropped 41.5 percent in July compared to July 2009, according to an analysis by Land Title Guarantee Co. The sales volume was $74.16 million this July compared to $126.62 million last year.For the year-to-date through July, the dollar volume is up nearly 8.5 percent with sales of $647.97 million this year compared to $598.09 million last year, Land Title Guarantee Co.'s report showed. The total transactions on sales of everything from high-end homes to employee housing is up 3 percent this year.July's slide ended a four-month stretch where sales were significantly stronger than recession-plagued 2009. Dollar volume was up by triple digits in March and April, and double digits in May and June. It could be considered a warm streak rather than a hot streak since the 2009 sales were so weak.
By Aspen Times staff report, August 28, 2010, Aspen Times

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Link to July 2010 Land Title report and summary for all Pitkin County sales and The Estin Report: 2Q2010: Aspen Snowmass Residential