market updates: May Market Update for Aspen to Glenwood Springs to Rifle, Colorado
- 06/10/11 07:22 AM
With each passing month our local market between Aspen, Glenwood Springs and Rifle is inching its way back to an equilibrium between supply and demand, but we are still not there yet. All indications suggest that 2011 will turn out to be the best year for buyers. Here is the monthly commentary from our friend Joe Carpenter at American National Bank in Rifle: What do flood waters and housing inventories have in common? Answer: They both rise and fall. As we're experiencing record run off from the snowpack of the past season and see the rivers reaching or exceeding flood levels in … (0 comments)
market updates: Aspen Area and Roaring Fork Valley Market Update for December
- 01/12/10 09:57 AM
The trend of diminishing inventory of our Aspen / Snowmass market continued in December with overall inventory for the Aspen / Glenwood MLS dropping to its lowest point since May, 2008 (the fifth consecutive decline). Sales continue to be slow with 80 recorded, the same as the previous December. Despite the reduction in inventory, this low number of sales led the supply to increase to 50 months. With decreasing inventory, buyers may see increased competition for the choice properties. For sellers, while these numbers hold some promise, the reality for the time being is that they are going to have to … (0 comments)
market updates: November Sales in Aspen, The Good and the Bad....
- 12/11/09 06:01 AM
Nationally, it seems like we are hearing more and more positive news about the economy and trends are beginning to lead us to believe that the economy is heading in the right direction. Finally, on the local level, there are some trends appearing that may be early signs of a stabilization in the real estate market. The principal indicator that suggests this improvement is the number of new listings on the market. Starting at the end of 2007, more and more new listings started to hit the market at the same time that sales started to slow, leading to a huge … (1 comments)
With each passing month our local market between Aspen, Glenwood Springs and Rifle is inching its way back to an equilibrium between supply and demand, but we are still not there yet. All indications suggest that 2011 will turn out to be the best year for buyers.;)
;)
