Jan 16, 2018
“(December) 2017 ended on a weak note compared to what was to an outstanding year,” wrote broker Tim Estin of Aspen Snowmass Sotheby’s International Realty in his most recent Estin Report Aspen Real Estate Monthly Snapshot on Sunday. “A disappointment, in fact. But maybe this was the reprieve we needed after an exceptionally strong three months in August, Sept. and Oct. ’17.”
The bounce-back of 2017 perhaps can be attributed to what were the national and global uncertainties of 2016, a year dominated by headlines regarding the U.S. presidential election, Brexit and China’s sluggish economy.
Estin expressed that sentiment in his report, reasoning that “2016 was such an ‘off’ year attributed largely to the election, only comparisons to 2015 are useful.”
He also reported that “2017 had the lowest inventory of properties for sale during that 10-year period” from 2008 to 2017.
Link to article By Rick Carroll, Aspen Times, Jan 16, 2018
Chart link: Estin Report: Aspen Real Estate Historical Comparison 2008-2017