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Elliman Report: Aspen + Snowmass Village Sales 1Q 2020

Final two weeks of March 2020 • Awareness of the global pandemic known as COVID-19 cooled conditions with two significant rate cuts by the Federal Reserve and the statewide shutdown of non-essential services. While most of the metrics in this report relate to closing data, even current sales contract activity does not account for the market impact of the coronavirus. With contract data, the “meeting of the minds” occurs between buyers and sellers agree on the sale terms and price, not the date the contract was signed. Transaction attorneys generally take two to three weeks to work…

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