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ASPEN AREA REAL ESTATE
MARKET ACTIVITY REPORT
Through 12/10/2002
Pitkin County real estate sales for 2002 (through 12/10) total as $1,016,730,000. Ahead of 2001 which totaled $992,670,300.
Aspen Single Family Home
Sales
Annual Comparison 2002 vs. 2001 through December 10th
| Total # Sold | Dollar Volume | Average Sale | Days on Market | |
| 2002 | 72 | $ 255,117,375 | $ 3,543,296 | 438 |
| 2001 | 63 | $ 213,921,000 | $ 3,395,000 | 273 |
(Source of data: Aspen Board of Realtors MLS.)
MARKET REPORT THROUGH YEAR END, 2002
Courtesy of: Aspen Board of Realtors and Peter Kelley, GRI , (970) 379-4511
This data is based on figures published by the Aspen Board of Realtors Multiple Listing Service, and totals for Pitkin County, Colorado. The Aspen Board of Realtors data summarizes nearly all of the total annual sales in this area. The Pitkin County data is for all sales within the county for a given year. The Aspen and Roaring Fork Valley real estate market continues to be strong, posting the following Pitkin County total sales figures:
- 1995 $ 550,000,000
- 1996 $ 560,000,000
- 1997 $ 790,000,000
- 1998 $ 1,155,606,815
- 1999 $ 1,171,875,670
- 2000 $ 1,299,172,000
- 2001 $ 992,670,300
- 2002 (through 12/10), $1,016,730,000
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Aspen, Colorado -- Sold 2001 |
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| Type | # Sales | $ Volume | Avg. Sale Amt. | % of List | D.O.M. |
Under Contract |
| Single Family | 69 | 239,308,000 | 3,468,000 | 90.4% | 267 | 68 |
| Duplex | 10 | 15,722,000 | 1,572,000 | 91.5% | 307 | 13 |
| Condo | 89 | 103,803,000 | 1,166,000 | 94.5% | 203 | 83 |
| Lots | 19 | 41,195,000 | 2,168,000 | 93.3% | 374 | 20 |
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Snowmass Village -- Sold 2001 |
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| Type | # Sales | $ Volume | Avg. Sale Amt. | % of List | D.O.M. |
Under Contract |
| Single Family | 36 | 83,324,000 | 2,314,000 | 92.4% | 321 | |
| Duplex | 1 | 815,000 | 815,000 | 93.1% | 410 | 1 |
| Condo | 59 | 103,803,000 | 1,166,000 | 94.5% | 210 | 64 |
| Lots | 7 | 10,067,000 | 1,438,000 | 92.8% | 364 | 3 |
The real estate market in the Roaring Fork Valley continues to be strong, with the usual situation: heavy demand for quality product, along with lack of supply. I expect we will post another excellent year for sales in 2002, and I'm optimistic about 2003. My message to buyers remains the same, if you want to own property in Aspen and the Roaring Fork Valley, purchase now, or pay more later. Please contact me for details.
[Previous Market Report -- 2000]
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