ASPEN REAL ESTATE — Real estate sales topped $1 billion in Pitkin County last year despite falling 21.5 percent from 2008’s total, according to a year-end report by Land Title Guarantee Co.The local market in late 2009 appeared to have started to recover from the recession — posting gains in sales volume in September, October and November compared to the prior year. The rally ended in December. Sales were down 27.5 percent for that month, Land Title Guarantee Co.’s report shows.For the year, sales totaled $1.07 billion in Pitkin County, compared to $1.37 billion the year before. That followed the real estate market’s three best years ever from 2005 through 2007, when sales topped $2.24 billion each year.The number of transactions fell 15 percent in 2009, the title company’s report shows. There were 702 transactions recorded with the county clerk in 2009, compared to 828 the prior year. The peak was reached in 2006, when there were 1,879 transactions. That was also the record year for dollar volume.
By Scott Condon, Feb. 5, 2010 Aspen Times

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