Commercial Real Estate sales volume of $16.2M with 4 transactions YTD in 2019 in Aspen/Snowmass is significantly down 55% compared to $36M sales with 8 transactions YTD in 2018. Residential Real Estate sales in Pitkin County of $691M YTD in 2019 was up 8.2% compared to sales in 2018 of $638M. Sales Taxes were up 6.9% YTD in 2019 compared to taxes collected YTD in 2018. New developments include new W Hotel to open Fall 2019, new Aspen City Hall is under construction and Lift One project has been approved by voters.
ASPEN/SNOWMASS MARKET UPDATE
VELOCITY (Source – Aspen Board Of Realtors)
SALES TAX INDICATORS (Source – City of Aspen/ACRA)
PITKIN COUNTY RESIDENTIAL REAL ESTATE
- New W Hotel to open Fall 2019
- New Aspen City Hall is under construction
- Lift One project has been approved by voters