Real estate sales shatter record
The real estate market is so hot in Pitkin County this year that real estate agents could have headed south and played golf starting in November and still set a record.Sales through October eclipsed the previous high mark set in 2000 in Pitkin County, according to research by Jim Pomeroy, marketing director for Land Title Guarantee Co.Sales totaled $1.27 billion in 2000. This year’s sales were already at $1.36 billion through October, the latest month compiled by Pomeroy.His reports are based on deeds filed at the Pitkin County Clerk and Recorder’s office. They present a complete picture because they include sales of deed-restricted housing, fractional ownership units and transactions that aren’t handled through the Aspen Board of Realtors’ Multiple Listing Service.Real estate agent Ed Foran, a member of the Aspen Chamber Resort Association’s board of directors, said at an ACRA meeting Tuesday that this year will likely end with between $1.5 billion and $1.6 billion in total sales in Pitkin County.Real estate agents have enjoyed a blistering pace right from the start of the year. Sales this year were stronger compared to last year in every month except March.A new record was guaranteed when sales surged by 66 percent in both September and October.Pomeroy said the $1.36 billion in sales “is a real wow number for everybody.” But equally impressive, he said, is the number of transactions this year. Through October there were 1,084 real estate transactions recorded in Pitkin County. There were 921 transactions all of last year.As far as dollar volume, this will be the third straight year to top $1 billion.Scott Condon’s e-mail address is firstname.lastname@example.org.
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