Second Quarter Market Report 2021 I hope you are enjoying a great summer! It is so nice to see our friends and guests return to Aspen Snowmass and for many of our favorite summer activities to resume. Aspen Snowmass is full again this summer. What a difference a year makes! I hope everyone is having fun in the Elk Mountains and enjoying reconnecting with friends and family and seeing one another again! Historically low inventory with continuing very strong demand remains the theme throughout the
Second Quarter Market Report 2021
I hope you are enjoying a great summer! It is so nice to see our friends and guests return to Aspen Snowmass and for many of our favorite summer activities to resume. Aspen Snowmass is full again this summer. What a difference a year makes! I hope everyone is having fun in the Elk Mountains and enjoying reconnecting with friends and family and seeing one another again!
Historically low inventory with continuing very strong demand remains the theme throughout the Roaring Fork Valley Real Estate Market. Inventory of all property types from Aspen to Basalt is down almost 50%. ISO’s (in search of) broker to broker requests are a regular daily communication. Transactions of all residential whole ownership property in Pitkin County increased from 163 sales in the first two quarters of 2020 to 470 sales in 2021, a 188% increase, while sold volume shot up from $539 million in 2020 to $1.63 billion in 2021, a 190% increase. Real estate sales records are being set throughout our valley! This isn’t that surprising when you consider where we were just over a year ago when the lifts stopped spinning in mid-March and the pandemic shut down our community; we were just hoping and praying all spring and early summer in 2020 that we would even have a summer selling season ahead. Boy did we ever, and it hasn’t really stopped since. Being an expert in the local market, knowing about unlisted opportunities, and having a positive relationship with your colleagues has never been more important today. Let’s take a look below at each segment of our local real estate market.
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