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Mike Russo, president of Aspen Land & Homes/Sotheby’s International Realty, stopped by the MNN set to talk about Aspen’s unique real estate market.

We have a multitude of numbers to discuss in this real estate report. The June numbers from Land Title have just arrived. The reports are consistent with what we have discussed all year.

Through June, Pitkin County has a sales volume of $1.46 billion, representing a 13.8% increase over last year. After the first quarter transactions were down versus the prior year by 40%. The market has seen some increase in transactions, but Pitkin County is still off by 32% versus 2006 through June. It will take until the end of the 3rd quarter to see if the transaction numbers start to even out.

Garfield County is still showing an increase in volume of 30% over the prior year, with an increase in transactions of 15% and a total sales volume of $565 mm. The majority of transactions and sales volume is still supported primarily by Carbondale, Glenwood Springs, and Rifle.

We have developed a comprehensive set of statistical data to help any buyer and seller. For more detailed information please contact one of our brokers or send an e-mail to mike.russo@sothebysrealty.com.