November 2008 Land Title Pitkin County Market Summary

Overview for the month of November, 2008
Courtesy of Land Title Guarantee (Release date 12/24/08)

•    Dollars totaled $64,790,663, down 39.8% from Nov. ‘07
•    Transactions totaled 47, down 51.5% from Nov. ‘07
•    Year to date dollars are $1,253,716,254, down 46% from last year, same time period
•    Year to date transactions are 761, down 38.5% from last year, same time period
•    The average single family price is up 12% from ’07 at $5,199,942
•    The median single family price is up 27% with a year to date total of $4.506,000
•    Nearly 30% of transactions took place in Aspen, 25.5% in Snowmass and 25.5% in Woody Creek
•    Eight transactions were fractional units (4 Ritz, 3 St. Regis, 1 Hyatt)
•    Year to date fractional sales are $44,416,985, 45% decrease from 2007
•    Year to date fractional units total 201, a decrease of 26% from last year.

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