Aspen — particularly the tony downtown and west end — saw its average single-family home price climb in July, from $5.99 million in July 2010 to $6.60 million. “Well-located, newer construction and unique, over-the-top beautiful properties continue to sell at premium prices,” Aspen-area broker Tim Estin said.
DENVER – Real estate sales in Colorado’s mountain-resort communities were gaining steam through most of this year, continuing a steady rebound from the market decimation of 2008 and 2009.Then came July…July sales in Pitkin, Eagle, Summit, Routt and San Miguel counties were the lowest in years, potentially derailing a resort real estate market tracking toward recovery. While the mountain counties still are ahead in year-to-date sales, the dismal July — the lowest month for sales in any month in the past six years in Pitkin County — could burst the optimistic bubble that drives Colorado’s mountain real estate industry.Brokers offer a potpourri of issues that plagued the market: the European financial crisis, domestic squabbling over debt and unease over the country’s crawl out of the recession.
By Jason Blevins, Sept. 9, 11 The Denver Post
