August 5, 2016
The local real estate market isn’t on the rocket ride it took in 2006, but it may be riding in a pretty fast car. The most recent data from Land Title Guarantee Co., which tracks county records, shows the dollar volume of valley real estate sales passing the $1 billion mark in July.
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As summer approaches, the local real estate selling season gains momentum. As we dog paddle through the “slow” season here in the Vail Valley, our attention turns to the water running through every part of our community.
The Vail Board of Realtors, along with Land Title Guarantee Co. and Slifer Smith & Frampton, have all recently released year-end reports for 2012 about the state of the local real estate market. The news is almost uniformly good.According to the board of Realtors report, the number of new listings has declined, while the number of sales has increased. In fact, the Land Title report shows the total sales volume for 2012 surpassed $1.5 billion, the highest number since 2008.
The Vail Valley’s real estate market continued to improve in June, in both number of transactions and sales price. The latest report from Land Title Guarantee Company shows June sales up 43 percent over sales from June of 2011. The 692 completed sales through the end of June is the best six-month total since 2008.
Randy Gold, of Aspen Appraisal Group, and Andrew Ernemann, of Aspen Snowmass Sotheby’s International Realty, took turns talking about recent market trends during the annual Aspen-Snowmass Real Estate Market Overview. The event was hosted by the Aspen Board of Realtors.
By most accounts, the Roaring Fork Valley’s real estate market has come nearly full circle since the Great Recession of 2008-09 that was punctuated by a steep drop in home prices and hundreds of foreclosed properties.
The lack of affordable housing is a dilemma facing workers not just in Colorado's resort towns, but in communities as diverse as Lamar, Grand Junction and Alamosa.
The statistics are astonishing from any political viewpoint: the nation’s 100 richest families, including a number who reside here part of the year, have as much wealth as the 80 million families who make up the bottom 50 percent in wealth, according to economist Emmanuel Saez of the University of California, Berkeley.
With the rise of real estate agents coming into the Aspen real estate market, the gorgeous home of Antonio Banderas and Melanie Griffith are signs that the state's market is back in business.