Roaring Fork Valley Real Estate Market Update Thru Q1 2016
The Roaring Fork Valley real estate market peaked in 2015. Pitkin County, the home to Aspen and Snowmass Village, produced slightly over $2B worth of real estate sales last year compared to $1.6B in 2014. The peak followed a six year market rise after the market tanked in 2009. Last year, we saw record breaking volumes of large sales with 31 sales in excess of $10 Million and 14 of the sales above $15 Million.
The market showed a decline in the 1st quarter of 2016 with the experts predicting this year's annual Pitkin County sales at about the same level as 2014. As you can see by the spreadsheet below, dollar sales were down during the first quarter of 2016 for Aspen (-51.58%), Snowmass Village (-17.20%), and Basalt (-37.53) while Carbondale went up by 37.61%. Because we are now in a decelerating market, the scale will be tipping from a seller's market to a buyer's market.
It is interesting to note where the Pitkin County home buyers come from. Surprisingly, the pie chart below shows most of the buyers come from right here in our valley with only 2% coming from the front range (Denver, Colorado Springs, etc.) and 1% coming from international.
If you would like to work with someone that understands the market dynamics of the Roaring Fork Valley 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 Click Here to visit the Roaring Fork Realty website. Please see the detailed market statistics below.