2014 Was Reminiscent of the Boom Years
2014 total dollar volume sales showed substantial gains over 2013 volumes in every town in the Roaring Fork Valley with Aspen and Basalt fairing the best. Gains were as follows: Aspen 38.21%. Snowmass Village 16.30%, Basalt/El Jebel 38.03%, and Carbondale 15.88%. At the same time median prices made considerable gains. With the exception of Snowmass Village, single family home median prices rose as follows: Aspen 28.30%, Snowmass Village -9.57%, Basalt/El Jebel 13.54%, and Carbondale 16.31%.
Of note regarding the Aspen market is the fact that there were only twelve transactions for over $10M in 2013 whereas for 2014 there were twenty-four, accounting for a total of $174M in 2013 and $329M in 2014. This only goes to show that when the big dogs come to hunt in Aspen, they can make a major difference in the statistics.
Obviously the uptrend in the stock market and to some extent the same trend with the economy makes for a much healthier real estate market. Assuming the upward trends continue, this makes buying Roaring Fork Valley real estate now a great investment. If you would like to work with someone that understands the market dynamics and has the skill set to find the best deals that most closely match your requirements and desires, please do not hesitate to give Jack Gausnell a call at 970 309 3620 or drop him an email at jgausnell@RoaringForkRealty.com. Please see the detailed market statistics below.