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.
Residences at The Little Nell/PRNewsFoto/File
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.