This report targets vacant land sales in dollar volume, transaction number, and quarterly performance.
It also segments the geographic areas of Aspen, Snowmass, Old Snowmass, and Woody Creek for the years 2004 though 2010. Sales data was taken directly from the Aspen Snowmass MLS. The years 2009 – 2010 were adjusted by Tim Estin in light of some single family home sales that were sold as vacant land sales. None of the data has been adjusted for inflation.
Overall, in the last 6 years the Roaring Fork Valley has experienced a decline in vacant land sales. Sales activity jumped 100% from 2004 to 2005, followed by a consistent yearly decrease thereafter, excepting 2009. Annual sales activity in dollar volume declined a staggering 84% from $166 million in 2007 down to $26 million in 2008. The total decline from peak 2005 to 2010 is -91%, or $186,031,000, from $203,781,000 in 2005 to $11,770,000 2010 YTD.