2009 December Pitkin County Market Analysis and Year Over Year Comparisions - Land Title Guarantee

2009 December Pitkin County Transfers and Year End Summary, Courtesy of Land Title Guarantee

See Total 2009 Pitkin County Transfers - Year Over Year Comparison since 2004

Pitkin County reported the highest gross volume of the 5 county area that Land Title tracks (Pitkin, Eagle, Routt, Summit, and Garfield), and the lowest percentage decline of the five from 2008. 

•    $81,241,755 total dollars for December, down 27.5% from December 2008
•    60 total transactions for December, down 10.5% from December 2008
•    2009 total dollar volume came in at $1,072,548,228, down 21.5% from 2008
•    2009 total transactions were 702, down 15% from 2008
•    Interval sales were down significantly in the month of December, with only 6 reported, that was a decrease of 78% from December 2008
•    Interval dollars were also down in December, to  $2.5 million, a decrease of 59% from December 2008
•    For the year, interval dollars came in at $182 million, up 260% from 2008’s year end total
•    For 2009, interval transactions totaled 272, which is an increase of 19% over 2008
•    Aspen, Basalt, and Old Snowmass all reported transaction increases over November 2009
•    Aspen led the county with 27 transactions in December, followed by Snowmass Village with 15, Basalt 7, Intervals 6, and Woody Creek 1
•    For the year, Aspen led with 277, Intervals followed with 272, Snowmass 85, Basalt 28, Old Snowmass 19, Woody Creek 10, Redstone 8, Carbondale 1, the remaining 2 were quit claims with doc fees
•    December dollar volume was up from November for the county over all, as were Aspen and Old Snowmass
•    Aspen reported $61 million in December, Old Snowmass $10 million, Snowmass Village $4.2 million, Basalt $2.55 million, Intervals $2.5 million, and Woody Creek $280,000
•    For the year, Aspen reported 64% of the dollars with $685 million, Intervals followed with $182 million (17%), Snowmass Village $112 million (10%), Old Snowmass $31 million (3%), Basalt $30.5 million (2.8%), Woody Creek $28.6 million (2.7%), Redstone $2.7 million (.25%), Carbondale $470,000 (.04%)
•    The 2009 average single family home sold price for Pitkin County, came in at $4.9 million, which is down overall 4% from 2008’s year end total
o    Please note many of the individual areas within Pitkin County have declined greater than 4%, please see page 4 of the PDF for more information
•    The 2009 median single family home sold price for Pitkin County totaled $3.153 million, this is a decrease of 23% from 2008’s median
o    Again, please see page 4 of the PDF for breakdown of individual areas