Skip to main content

Colorado Resort Area Housing Hits Rocky Mountain High

Feb 25, 2016
Colorado’s priciest housing markets had an extremely health year in 2015, with double-digit year-over-year increases in sales

Colorado’s priciest housing markets had an extremely health year in 2015, with double-digit year-over-year increases in sales.

The Aspen Times, citing data from Land Title Guarantee Company, reports that Colorado’s Pitkin County, which is home to the exclusive Aspen and Snowmass Village resort areas enjoyed $2 billion in real estate sales last year, a 32.5 percent spike from 2014. Eagle County, which is home to Vail and Beaver Creek resort areas, came in a very tight second with $1.99 billion, a 12 percent year-over-year increase.

Trailing behind was the resort region of Summit County, which had $1.37 billion in 2015 sales, up nearly 30 percent from 2014. But it is easy to understand the price spread: the average single-family home price in Pitkin County was nearly $5 million in 2015, versus $1.2 million in Eagle County and $856,000 in Summit County.

The total real estate sales volume Colorado’s seven resort area counties—which also included Routt, Garfield, San Miguel and Grand County Counties—was $7.47 billion in 2015, up 18 percent from the $6.33 billion recorded in 2014.

About the author
Published
Feb 25, 2016
Co-Founder Mat Grella Terminated From NEXA

NEXA CEO Kortas states negotiations regarding the buyout will continue.

Mar 27, 2024
Comings And Goings At AmeriHome

Chief Operating Officer John Hedlund announced his retirement on Thursday in a LinkedIn post.

Mar 22, 2024
Rocket's Tim Birkmeier To Retire

Birkmeier is bidding farewell after a 28-year career at Rocket Companies.

Mar 21, 2024
How NAR’s Settlement Impacts Homebuying

While the settlement's silver lining is that homes are expected to become more affordable, many uncertainties loom over the housing market.

Mar 19, 2024
NAR Reaches $418 Million Settlement

The association agreed to give home sellers the option of compensating agents.

Mar 15, 2024
U.S. Non-Bank Mortgage Lenders Surge Amid Industry Consolidation, Fitch Ratings Reports

As smaller players exit the market, scaled originators like UWM and PennyMac Financial dominate, but challenges persist with low origination volume and pressured margins amidst rising interest rates.

Mar 14, 2024