July turned out to be more fizzle than sizzle in the Aspen-area real estate market, but real estate agents say activity is already bouncing back this month.
After a strong first half of the year, the real estate industry was awaiting July eagerly, since it’s traditionally one of the busiest months of the year.
Instead, the lack of activity had some of the top real estate agents in Aspen asking one another, “What was that all about?” said Carrie Wells, a real estate agent with Coldwell Banker The Aspen Brokers Ltd.
“All of us in the business, in the trenches, thought that July wasn’t what it ought to be,” she added.
The sales volume in Pitkin County was down 46 percent in July compared to the same month the prior year, according to deeds filed with the Pitkin County Clerk and Recorder’s office. The dollar volume of all sales in the county totaled $39.38 million for the month compared to $74.16 million for July 2010, the records showed.
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