Home sales surging? Yes. In Aspen.
Home sales this year will easily top totals in 2009 and 2010 in Aspen, Colo. The high-end resort has seen total home sales exceed $1 billion in October, 19 percent ahead of the same period last year.
The Residences at The Little Nell, located at the base of Aspen Mountain, are shown in this 2008 file photo. Homes sales are surging in the high-end Colorado resort town.
Residences at The Little Nell/PRNewsFoto/File
ASPEN, Colo.
Home sales in the Aspen area are surging even though the housing market is in a slump nationwide.
Real estate officials say annual sales from 2009 and 2010 will be easily topped this year. Real estate officials say total sales topped $1 billion in October, an increase of 19 percent over the same period last year.
In September alone, 86 real estate transactions were valued at more than $137 million.
However, it isn't all good news. According to the Aspen Daily Times, Land Title Guarantee Co.'s report noted there were 45 bank sales of property in Pitkin County for a total of $30 million through the first three quarters of 2011.