The mid-valley real estate market has been slow to wake from the recession-induced slumber even though the number of foreclosures fell significantly in 2013.
The number of single-family home sales fell by 23 percent in the mid-valley in 2013 compared to 2012, according to data from the Aspen-Glenwood Springs Multiple Listing Service.
The dollar volume from those sales fell 25 percent in a year-to-year comparison, the Multiple Listing Service statistics showed.
There were 235 single-family-home sales in Basalt, El Jebel, Carbondale and Missouri Heights in 2012, according to the data. That sagged to 180 sales in 2013.
The dollar volume dropped from $157.09 million in 2012 to $117.14 million in 2013, the statistics showed.
The average sales price slipped 2 percent to $650,772, according to the information provided by the real estate companies.
The number of sales of condominiums, townhouses and duplex units were nearly flat year-to-year. There were 129 units sold in the mid-valley in 2012. That fell 3 percent to 124 last year.
The dollar volume from those sales climbed 11 percent. The dollar volume was $37.45 million in 2012 and $41.91 million in 2013.
The single-family home sales over the last two years are considerably better than the performance during the recession, but far below sales levels achieved during the Pre-recession boom. There were 305 sales of single-family homes in Basalt, El Jebel, Carbondale and Missouri Heights in 2005, according to the Multiple Listing Service. There were 114 sales in that area in 2010.
Erik Cavarra Closed on the Shadowrock Development in El Jebel, and currently has (5) Units Pending Sale.
Statistical Market Analysis
Status | # Listings | List Volume | Sold Volume | List Price | Sold Price | Sale/List Price | Total SqFt | List Price Per Total SqFt | Sold Price Per Total SqFt | Days On Market | |
---|---|---|---|---|---|---|---|---|---|---|---|
Closed | 115 | 71,205,100 | 66,366,286 | Low Avg High |
55,000 619,175 6,750,000 |
55,000 577,098 5,900,000 |
0.73 0.96 1.13 |
1 2,049 6,238 |
47.74 1,044.49 85,000.00 |
47.74 940.22 75,000.00 |
21 191 1,246 |
Overall | 115 | 71,205,100 | 66,366,286 | Low Avg High |
55,000 619,175 6,750,000 |
1 2,049 6,238 |
47.74 1,044.49 85,000.00 |
21 191 1,246 |
http://www.aspentimes.com/news/9838345-113/sales-midvalley-2013-lucas
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