The month of June illustrates the staggering drop-off in Pitkin County’s real estate market.In June 2006, the total dollar volume of real estate sales in Pitkin County was $374.5 million, the highest monthly local sales volume in the last five years and likely of all time. This June, however, sales were at $63 million, according to the latest figures from the Land Title Guarantee Company.Compared to 2008, the month of June was off 41.4 percent, bringing year-to-date sales to $471.4 million, or 34 percent below last year’s total at the end of June. At this pace, Pitkin County total sales volume for 2009 will dip below $1 billion for the first time in years, after peaking at $2.63 billion in 2006.
By Curtis Wackerle, July 23, 2009 Aspen Daily News
See: June 2009 Pitkin County Market Summary (Includes ALL Pitkin County transactions Courtesy Land Title Guarantee)