Commercial Real Estate sales volume in Aspen/Snowmass of $38.3M with 12 transactions in 2019 is down 46.8% compared to $72M with 17 transactions in 2018. Residential Real Estate sales in Pitkin County of $1.364B in 2019 were up 8% compared to sales in 2018 of $1.263B. Sales Taxes for the City of Aspen were up 8.1% in 2019 compared to taxes collected in 2018. The Isis Theatre Building was sold in October 2019 for $13M and redevelopment of the Crystal Palace property is planned for a new Restoration Hardware Hotel.
ASPEN/SNOWMASS MARKET UPDATE
VELOCITY (Source – Aspen Board Of Realtors)
SALES TAX INDICATORS (Source – City of Aspen/ACRA)
PITKIN COUNTY RESIDENTIAL REAL ESTATE
- Isis Theatre Building was sold in October 2019 for $13M
- Redevelopment of the Crystal Palace property is planned for a new Restoration Hardware Hotel