October 2008 Land Title Pitkin County Market Summary

October 2008 Pitkin Co Transfers (Courtesy of Land Title released 11/20/08)) :
    * October Dollars totaled $86,525,189 – a decrease of 53% from last year
    * Transactions totaled 68 – a decrease of 50% from last year
    * Year to date dollars are $1,188,925,591, down 46% from last year
    * Year to date transactions are 714, down 37% from last year
    * The average single family home price of $5,159,207 is up 11% from 2007
    * The median single family home price of $4,100,000 is up 15% from 2007
    * 35% of October transactions took place in Aspen (Zone 1)
    * 34% of transactions were interval units
    * Fractional sales totaled $5.9 million , second only to May’s $7.4 million for the year
    * Year to date, fractional sales total $42 million, down 44% from 2007
    * Year to date, fractional units of 193 are down only 22% from 2007
For complete report and charts,  Click here.