Summit For Life & November Market Update
I hope you had a nice Thanksgiving Weekend. The Holiday Season is officially here! The 10th Annual Summit For Life Race is this Saturday, December 5th. Click here for the details!
There is only one month left in 2015 and the numbers prove this has been a strong year for real estate. Let me share my monthly market update with you.
Aspen's overall total sold volume in 2015 is up 14% from last year at $1,059,039,518 compared to $904,486,212 in 2014. The Aspen Core is dominating the market. One hundred and seven properties closed YTD, $2,676,514 average sold price, $1,442 average sold price per sq. ft. compared to ninety-six sold properties in 2014, $2,385,050 average sold price, $1,318 average sold price per sq. ft. Sixteen Aspen Core properties sold over $2,000 a sq. ft. compared to only eight in 2014. Red Mountain has the highest average sold price per sq. ft. at $1,574 YTD. Five Red Mountain properties sold over $2,000 a sq. ft. in 2015 compared to only one in 2014. Thirty properties over $10,000,000 have sold YTD compared to twenty-two in 2014 YTD.
What to take away. Property values continue to increase in the Roaring Fork Valley. The average sold price is higher than years prior and the number of transactions have increased. If you are looking to buy or the sell the time in now.
I hope to see you at the Summit For Life Race this Saturday night. If you have questions regarding buying or selling your home please contact me. I am here full time ready to help you. Have a great Holiday Season!