Local Business Suffered, But Aspen Real Estate Boomed in 2020
Hey Siri, how do I become a realtor in Aspen?
Many businesses in 2020 didn't survive: favorite bars, new local restaurants and even old standards fell victim to the harsh realities of a year-long pandemic. However, there's one business that boomed last year: real estate, and more specifically, Aspen real estate.
According to 9News,
"The record-setting year posted more than $3.1 billion in total property sales volume in Pitkin County."
Why is the pandemic causing more home buying in vacation areas like Aspen? Apparently, many are eager to get away from the hustling, bustling, crowded nature of Colorado's cities. 9News says this is called "the urban exodus." According to MultiHousingNews.com, a more concise definition is "a significant exodus from densely populated gateway cities"...Yes, like Denver or even Boulder.
If you can't put $3.1 billion into perspective, think about it this way: In the past three years, the grand total of sales never exceeded $2 billion.
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