The second quarter Aspen housing market was
characterized by a significant shift in the mix to
smaller sized sales after showing the opposite
pattern in the prior quarter. The average sale
was 2,445 square feet, down 31% from the
prior year quarter causing similar declines in
the average and median sales price indicators.
The large drop in the average size of a sale
occurred three times in the past three years.
Average price per square foot, a price indicator
that is less affected by sudden shifts in square
footage, rose 2.7% to $1,219 per square foot
from the prior year quarter…