02/13/11 AT Weekly Cover,"Aspen-area economy begins to turn the corner"

Edited excerpt:
ASPEN REAL ESTATE β€” Tim Estin, an Aspen broker associate for Mason Morse Real Estate, believes the Aspen-Snowmass Village real estate market bottomed out in 2009…Sales of condominiums and single family homes over $250,000 in the upper Roaring Fork Valley – which almost entirely includes Aspen and Snowmass Village – was up, "In 2010, the overall market has risen 20% in gross dollar volume from 2009, and unit sales of all property types included in this report has risen a convincing 26%. Additionally, the overall listing inventory has declined by 11%," he said, "while the sale price per square foot continued to decline and the average number of days on market continued to increase…I believe, finally, it can be substantiated that there’s light at the end of a long, painful most recent two years,” he wrote in β€œThe Estin Report: 2010 Year End, Aspen Snowmass Real Estate.”
By Scott Condon, Feb. 13, 2011 Aspen Times Weekly

Link to article

See the complete report, The Estin Report: Aspen Snowmass Real Estate 2010 Full Year (rev. 01/08/2011 to reflect all sales through Dec 31, 2010). The Estin Report: Aspen Snowmass Real Estate 4th Quarter 2010 will be released soon.)