As hot as the Aspen-area real estate market was in 2014, it wasn’t the hottest among top Colorado mountain resorts, according to a new report. Land Title Guarantee Co. examined Pitkin, Eagle, Garfield, Grand, Summit, Routt and San Miguel counties as part of its annual review of ski-country real estate performance. It found that only one area topped Pitkin County in terms of gross sales volume. However, four of the six other resort counties topped Pitkin County in percentage gain in gross sales volume from 2013 to 2014. Pitkin County — which reflects sales in the Aspen and Snowmass Village areas — was up 22.57 percent in gross sales to $1.52 billion, according to the report. The seven mountain resort counties combined for $6.22 billion in sales. That was up 23.6 percent from $5.05 billion in 2013. Last year’s sales also were the highest amount since 2008, when the level was at $8.88 billion.
Pitkin County’s real estate market featured fewer sales at much higher prices. The average single-family-home price was just more than $4 million in Pitkin County. San Miguel County was a distant second at $1.73 million. Eagle County’s average single-family home price was at $1.24 million.
Link to article by Scott Condon, Feb 24, 2015, Aspen Times
RESORT REAL ESTATE SALES 2014
Pitkin County $1.52B +22.57% (Aspen and Snowmass area)
Eagle County $1.78B +26.86% (Vail Beaver Creek area)
Summit County $963M +8.3% (Breckenridge, Dillon and Frisco areas)
Garfield County $493M +28.82%
Grand County $377M +29.69% (Winter Park area)
San Miguel County $508M +50% (Telluride area)
Routt County $$598M +19% (Steamboat area)
(Source: Land Title Guarantee Co.)
Downtown Aspen with Aspen Mountain in background.