Tag Archives: market

A Closer Look at the 2016 Real Estate Market

December 2016 capped a strong fourth quarter, one that nearly eclipsed the first three of the year. While it wasn’t enough to pull 2016 up to the levels of the prior two years, the final four months of 2016 nearly equaled the first eight, as election-year hesitation was replaced by some pent-up demand. Aspen’s considerable 12-month drop seemed to have as much to do with weak inventory as election-year jitters, so we’re pleased to see the increase in single-family home inventory — increasing demand should allow prices to stay strong. With adequate inventory and its comfortable price advantage over Aspen, Snowmass maintained its performance, actually growing dollar volume by 3%. Basalt also fared well, especially in average sales prices which, overall, grew by an impressive 13%. Continue reading

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Past the Peak? Thoughts on the Local Market

With myriad factors in play, it’s challenging to neatly summarize the trajectory of our distinctive real estate market for any short period of time. That’s why, after a near-record year in 2015 with over $2 billion in real estate sales in Pitkin County, we are cautious about how we discuss the comparative slowdown of overall activity in the first half of 2016, a narrative which periodically grabs the local headlines and one that is endlessly interesting to Aspenites. Continue reading

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Summing it up at real estate Symposium

Halfway through 2013, the Aspen/Snowmass real estate market is doing some interesting things. In Aspen, for example, the number of sales, dollar volume, and average sales price are all down, while price per square foot is up and listing inventory is continuing its steady decline. Confused? That’s normal. Making sense of it all — peeling away the layers to get at the underlying data and making the bigger picture clearer — is the objective of BJ Adams and Company’s presentation at this year’s Aspen/Snowmass State of the Real Estate and Tourism Economy Symposium. Continue reading

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