Aspen property sales drop following tax changes
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Posted: 03/04/2013
Last Updated:
81 days ago
ASPEN, Colo. - Real estate sales in Pitkin County are down sharply this year and Aspen-area agents are blaming changes to federal capital-gains tax laws.
County officials say sales were down $15 million in January, or 15 percent, from January 2012.
The sales slump continued in February, with dollar volume down another $9 million, or 20 percent.
According to the Aspen Times, the 10 percent increase in the capital-gains tax this year is being blamed for taking a toll on sales.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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