Aspen/Snowmass Market Report – March 2021
Commercial Real Estate sales volume in Aspen/Snowmass of $63.2M with 15 transactions in 2020 was slightly lower compared to $72M with 17 transactions in 2019. Residential Real Estate sales in Pitkin County of $3.6B in 2020 was up 135% compared to sales in 2019 of $1.5B. Sales Taxes for the City of Aspen were down 6.5% in 2020 compared to taxes collected in 2019. Aspen Skiing Company uses ticket pricing to spread out ski crowds, not reservations. Steadman Clinic joins Aspen Valley Hospital. Aspen Orthopedic Practice joings Valley View Hospital and opens office in Aspen.
ASPEN/SNOWMASS MARKET UPDATE
VELOCITY (Source – Aspen Board Of Realtors)
SALES TAX INDICATORS (Source – City of Aspen/ACRA)
VACANCY RATE
VACANCY RATE
CAP RATES
CAP RATES
PITKIN COUNTY RESIDENTIAL REAL ESTATE
DEVELOPMENTS
- Aspen Skiing Company uses ticket pricing to spread out ski crowds, not reservations.
- Steadman Clinic joins Aspen Valley Hospital.
- Aspen Orthopedic Practice joings Valley View Hospital and opens office in Aspen.