Aspen Real Estate Market Reports 2004

Data through October 28, 2004

Total real estate sales in Pitkin County, year-to-date (Jan. 1 through October 28, 2004,) are $ 1,334,367,200.

This is significant, as the prior Pitkin County sales record was approx. $1,260,000,000 for the entire calendar year of 1999.

2004 total dollar volume sold is more than 35% ahead of 2003. The number of single family homes sold in Aspen this year is nearly double the number last year! 

Finally, the average Aspen real estate sales price of a single family home remains about $3.6 M. through November 2004. 

The numbers continue to astound, as the projected yearly sales volume in Pitkin County is on record pace and looks to break the old record form 1999 (our best year to date) by perhaps $400 M.

Reports courtesy Land Title

Market as of April 2004

The Aspen market has been “on fire” this year. There is a very strong sense that “the appreciation train is leaving the station” once again! A fabulous ski season led to a very strong March and February in the Aspen real estate market.

With just under $300 million closed and more under contract in the first quarter of 2004 in the Aspen area, we are on pace for another record year of $1.2+ billion, which rivals the best markets of the late nineties.

First quarter (2003) sales numbers were total dollar volume of only $160 million for the same period.

Twenty-two single family homes have been sold in Aspen proper this year, with a total dollar sales volume of nearly $ 65 million, resulting in an average sale of nearly $3 million. So, if there ever was a time to make your Aspen purchase, I suggest that time is NOW!