The Pitkin County real estate market started out strong in first half of 2011, but failed to sustain the rally. A poor performance in July, October and December left 2011 flat in comparison with 2010. Many believe that the unsettling economic news from Europe as well as Congress' inability to get anything done were the primary contributors to the second half's lackluster performance. The only positive news was the fact the upper-end residential market (over $10M) set a new record of twenty-two transactions accounting for slightly more than $325M. While the dollar volume was barely above that reported in 2010, the transaction volume increased by ten percent.
Aspen and Snowmass Village showed mixed results on median prices depending on market segment. The median price of condos/townhomes was up in both Aspen and Snowmass Village by 20.48% and 7.40% respectively whereas the median price of single family homes was up in Aspen by 3.15% and down in Snowmass Village by 5.66% compared to 2010.
2012 has started out with renewed activity and properties being put under contract. Pitkin County continues to be a fertile field for extraordinary deals because of its strong buyer's market. Three to five years ago, short sale, foreclosure and bank owned (REO) were barely in the Pitkin County glossary of terms. Today, they are the primary target for bargain hunting buyers. As mentioned above, most prices are on the rise at the same time mortgage rates are at the lowest rates seen in decades, so now is a terrific time to capitalize on exceptional opportunities. All you have to do is give me a call at (970) 309 3620, drop me an email at jgausnell@roaringforkrealty.com, or visit our website at www.RoaringForkRealty.com.
Market statistics showing the median prices from 2005 through 2011 for the entire Roaring Fork Valley can be found at:
ZIP Codes: 81611, 81612 Approximate Location Boundaries: Aspen is flanked by Independence Pass, Ajax (Aspen Mountain), Smuggler Mountain and Red Mountain. The Roaring Fork River cuts through the middle of town and marks both of the entrances/exits of the town.
Location Characteristics: Aspen, Colorado is the infamous playground of the rich and famous. A skiers paradise in winter and everyone's paradise year-round. A truly unique and wonderful mountain town replete with all the charms of Colorado's rugged past combined with its modern present.
About Jack G. Gausnell:
Jack Gausnell has an extensive background in both the real estate and information technology (IT)/Internet industries. Jack was brought up in a real estate family by a father who was the founder of a large real estate brokerage in Kansas City. Jack obtained his first real estate license when he was only twenty years old. It was at this time that Jack learned the habits of successful real estate professionals.
Jack also began his career in the information technology industry selling mainframe computers in his twenties. During his career in the computer industry he held titles such as Vice President of Sales and Managing Director of Europe for two of the industry's leading multi-national corporations.
In 1996, Jack moved from Europe to the Roaring Fork Valley and began focusing his energy on real estate as a broker for the Roaring Fork Valley's largest real estate agency. In the late nineties, Jack received his Graduate Realtor Institute (GRI) certificate and just recently received his ePRO certificate. With over 30 years combined experience in both sales/marketing, real estate and the information technology industry, Jack's seldom-found level of sophistication and saavy makes him an ideal choice as your listing agent. Additionally, Jack knows how to find just the right property to suit anyone's individual tastes and needs. Jack has always embraced new technology and today he continues this tradition by utilizing the Internet as part of a multi-faceted, modern approach to his successful business strategy while never forgetting the importance of person-to-person communication and quality service delivered in an earnest and sincerely genuine fashion.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
