While the farmers and gardeners gather their harvest and take an inventory of this summer, another kind of harvest in Aspen and Snowmass Village is being drawn in simultaneously. The Aspen Times reported on Friday, September 21st the real estate numbers for Aspen and Snowmass for the summer.
August proved to be a bountiful month for Aspen, showing a 16% increase over 2011, $105.2 million over last yearâ€™s $90.5 in sales. These numbers have encouraged real estate professionals throughout Pitkin County, particularly in light of Julyâ€™s numbers.
While July saw a 100% increase in total dollar transactions, this isnâ€™t quite as optimistic as it sounds. Last yearâ€™s market was uncharacteristically low when compared to years prior. July is typically considered a good time of year for home sales in the Aspen and Snowmass Village. Considering the very optimistic outlook given agents and homeowners looking to sell, 2012 looked rather bleak by the end of July. Julyâ€™s increase followed on the heels of a very slow month in June, which actually saw a 15.24% decrease in sales over last year.
However when taken cumulatively for the entire summer, there is no reason for despair, in fact rather there is quite a lot to celebrate. A total 7.5% increase in total dollar transactions for the summer continue to point to a positive market.
Tim Estin, of Coldwell Banker Mason Morse Real Estate, told the Times that he attributes the rocky summer to general financial anxiety throughout the global economic market. Many in the luxury real estate market have taken a more patient approach to investing in second homes, or luxury residences, waiting to see how things in the International market settle out.
Additionally, Snowmass Village in particular has suffered from questions surrounding the Base Villageâ€™s financial standings and future development. Many of these issues have been positively resolved this past spring to pave the way to strong sales, and great prices on luxury homes.
However, as economic issues both abroad and at home begin to settle down, many investors are ready to buy. Many within the real estate market are hopeful that the new stability in the market will offer a boost to real estate markets throughout the country to realize the potential many experts had predicted for twenty-twelve.
Throughout the Great Recession Aspen/Snowmass has retained significant home values and have proven to investors in any market that homes, condos and residences in this area are financially sound investments. These are also investments that give far more than a roof over-head or a dividend at the end of the year. Homes in Aspen and Snowmass shelter those most precious people in your life, they shelter the memories you want to cherish and create the atmosphere and ambiance that you deserve!
Take a few minutes to look at the homes and properties currently for sale in Aspen and Snowmass Village. Click here for your virtual tour and to connect to Greg Rulon and his team!