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Market Conditions for Aspen, Colorado
Reported by Laurie Laing, REALTOR, 1031 Exchange Expert
Updated November 6, 2009.
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Current Market Rating: 2
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Buyer's
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Seller's
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Current Price Trend: 2
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Falling
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Rising
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Pitkin County Market Analysis
Summary for the month of September
• September is the first month of the year to post increases in both dollars and transactions from 2008!
• $128,180,662 in total dollar volume, up 27% from September 2008!
• 74 total transactions, up 21% from September 2008!
• Dollars through September total $783,258,757, down 29% from same time period 2008
• Transactions through September total 492, down 24% from same time period 2008
• Aspen reported 44 transactions (59%), Interval units totaled 18 (24%), Snowmass reported 6 (8%), Basalt 3 (4%), Old Snowmass 2 (3%), Redstone 1 (1%)
• Fractional dollars for September totaled $3,335,855, 4% from September 2008 (this is the first month of 2009 to show a decrease)
• Fractional units for September totaled 18, up 6% from September 2008
o Hyatt Grand Aspen - 13, Roaring Fork Club Suites - 3, St. Regis & Residences at Snowmass Club - 1
• For the year, fractional dollars total $161,933,245, up 348% from last year, same time period
• For the year, fractional units total 215, up 26% from 2008
• Through September, the average single family sold price is down 3% to $4,981,740 - see page 4 for detail by area of Pitkin County
• Through September, the median single family sold price is down 13% to $1,256,950 - see page 4 for detail by area of Pitkin County
• It is important to note that average and median prices compare full year 2008 sold data to year to date 2009 sold data derived from county records, not MLS data.
Information provided by Land Title
ZIP Codes: 81611, /81615
Approximate Location Boundaries: Aspen/Snowmass
Location Characteristics: The heart of the Rocky Mountains. Aspen and Snowmass draws skiers, musicians, artists, athletes and people with a sense of adventure and admiration for the incredible mountain environment. Although the days of silver mining are long gone, the cultural mix of activities including the Aspen Institute, Aspen Music School and Aspen Art Museum are still very much alive. Most of all, Aspen is and always will be the ultimate playground to it's world class ski resorts known all over the universe. Come see for yourself!
For More Information:
View Market Conditions of other areas served by Laurie Laing
Navigate: Top > Colorado > Aspen
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
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