Aspen, Pitkin County real estate sales
An article in our local newspaper this morning about Aspen's real estate market was not very positive. According to a local title company, our sales have dropped 68% in Pitkin county since this time last year. In March 2008, we only had 48 total transactions, a large majority of those were fractional ownership sales. I had a few of those closings, not much money but anything is better than nothing, which is what alot of realtors in the area are making. Our biggest year ever so far was 2006 when the year end sales topped $2.6 billion. In 2004 we saw $1.6 billion in sales, last year we saw $2.5 billion in sales, they say that this year may be more like 2004. I am hoping for a speedy recovery in the real estate market, for now I am finishing my book and should have it printed in the next month or so. What's it like in the rest of the country? Are any of you seeing a decline in sales in your area?
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