ASPEN REAL ESTATE – Sales in Jan and Feb of this year are off considerably from the furious sales pace set in December 2012 due to a rush of tax motivated closings before the end of the year. Feb. 2013 was the slowest February of the past seven years since 2007. For the first two months of 2013, dollar volume in the combined Aspen Snowmass market is off 28% to $87MM from $121MM in the same period 2012. Unit sales are up 14% to 49 sales in 2013 year-to-date (YTD) from 43 in 2012 YTD. This increase in units sold may be primarily due to a high number of property closings priced under under $1MM: in Feb. 2013, there were (10) sales, 56% of total, under $1MM: (8) Aspen and (2) SMV – (8) of these sales were sized under 750 sq ft. versus Feb. 2012, there were (5) sales, 38% of total, under $1MM: (4) Aspen and (1) SMV.
Link to 03/04/13 AT article
Feb. 2013 Aspen Snowmass Market Snapshot