Real Estate Market in Aspen, Colorado Still Going Strong!
Oct 5th 2007livemileMarket Analysis
Recently, I discussed how the real estate slump has had little effect on the second home market in Colorado. At the end of September, the Denver Post ran an article that supports this theory: The real estate market in Aspen is still going strong!
The gist of the article is that although real estate sales in Colorado’s Pitkin County fell a little bit in August, the sales for the year is still up from last year. If that doesn’t sound promising enough for you, note also that 2006 was a record-breaking year, totaling $2.64 in real estate sales. Sales for 2007 seem to be poised to set a new record.
The article also indicates that Pitkin County’s neighbor, Garfield County, has experienced a rise in real estate sales: Garfield’s August 2007 sales beat out the August 2006 sales by 30 percent. Needless to say, that’s quite an increase for a country that is supposedly suffering a devastating housing market slump!
As you can see, the real estate slump depends mostly on where you stand. From the point of view of Colorado mountain counties such as Pitkin and Garfield, the market looks pretty darn good right now!
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