Aspen-area real estate market cools slightly in July

Staff report

Pitkin County real estate sales cooled off slightly in July compared to the same month in 2013, but the market overall is still running significantly ahead of last year’s pace.

The dollar volume of all real estate sales in July totaled $89.27 million, according to a monthly report by Land Title Guarantee Co. That was down nearly 2 percent from the July 2013 mark of $91 million, the report said.

For the year-to-date, dollar volume remains about 29 percent higher than last year. Sales from January through July totaled $791.8 million, the report showed. They were at $611.66 million over the same period last year.

February, March, April and May were particularly strong for the Pitkin County market, Land Title Guarantee Co.’s report showed. Sales dollar volume was up by double digits each of those months compared to the year before. January, June and now July saw lower sales than in 2013.

June has traditionally been a strong month for the Aspen area market, but sales were down significantly this year. Sales dollar volume was $79.19 million for June this year compared to $101.93 million in June 2013, according to the report.

Land Title Guarantee Co.’s report looks at sales of all types, from mansions to affordable housing to interval units. There have been 762 transactions this year so far, an increase of 9.37 percent over the same period last year, the report said.