Financial Down-Turn Hurting the Down Valley Market

While November was a relatively poor sales month throughout the market, Aspen at least did ok, while the Roaring Fork valley barely had any activity. Aspen was down 15% from last year, at 42 million and has been maintaining about that level for the past several months. Snowmass was only down 5% from last year, at 9 million, but last year was also very low. The average for the last 4 years in November in Snowmass is 24 million. The Roaring Fork valley had the 2nd lowest month in the last 5 years at a paltry 5 million. Clearly, the financial down-turn is having the greatest impact on the down-valley market.

Tom Leddy, Associate Broker