"2012 was characterized by a slow first six months of the year due to lack of snow, a sputtering national economy, Euro financial woes and pre-election paralysis. Contrary to years 2009 - 2011 which experienced strong first halves only to fizzle out later in the year, 2012 sales started slowly in the first half, gained strength in the 3rd Quarter 2012 based on solidifying Aspen single family home sales and surged towards the Q4 year end. "

"December 2012 was the best performing December in total dollar sales for Aspen and Snowmass Village combined since Dec. 2006; it was also the best single performing month in total dollar and unit sales for Aspen and Snowmass Village combined since Oct. 2007. Capital gains, gift and estate tax changes planned for 2013 likely fueled a number of these transactions before the end of the year and trumped the uncertainty caused by the fiscal cliff debate."

For last week's Aspen Snowmass property closings and under contracts, see Tim Estin's blog released Monday mornings.

Click image for November 2012 Market Snapshot summary and pdf.

Disclaimer: The statements made in The Estin Report and on Tim Estin's blog represent the opinions of the author not Coldwell Banker Mason Morse and should not [...]