ASPEN REAL ESTATE – After four straight months of gains, dollar volume of real estate sales across Pitkin County declined sharply in November compared to the previous year, the latest Land Title report shows. But it didn’t much dampen what ended up being a very strong 2012 for the local market…Coldwell Banker Mason Morse broker Tim Estin, who does monthly, quarterly and annual analyses of the upper valley market, found most indicators to still be down, or close to even, through November.Year-to-date dollar volume in the upper valley (Aspen/Snowmass Village/Woody Creek/Old Snowmass) was down 12 percent through November to $806 million, according to The Estin Report, with Aspen dollars down 7 percent and Snowmass Village down 33 percent. Unit sales were up a modest 1 percent in the upper valley, with Aspen alone up 8 percent. But Estin also found listing inventory to be down in November, 12 percent in the upper valley, 17 percent in Aspen, and 4 percent in Snowmass Village. Estin calculated that 1,030 properties were for sale in November in the upper valley.
Staff Report, Jan. 9, 2012 ABJ
Link to article See The Estin Report: November 2012 Aspen Market Snapshot (released Dec. 4, 12) See Land Title: November 2012 Pitkin County Transfers (released Jan 7, 13)
A two-bedroom condo in the Southpoint complex in Aspen sold for $835,000 in November 2012, one of several sales on the lower end of the market that contributed to a low dollar volume that month.