2009 March - Land Title Pitkin County Market Summary

Please see the attached documents for the latest Pitkin County Market Analysis compliments of Land Title Guarantee Company

Summary for the month of March, 2009

•    Total dollars were $46,906,531, a decrease of 53% from 2008
•    Total transactions were 41, a decrease of 14.6% from 2008
•    Year to date dollars are $269,199,736, down 24.8% from 2008
•    Year to date transactions are 193, which is a decrease of 7%
•    Of the 41 transactions, 23 were fractional, 11 were in Aspen, 4 were in Snowmass, 2 were in Woody Creek, and 1 was in Old   Snowmass
•    Fractional sales continue to be strong representing 56% of the March transactions
•    Year to date fractional transactions account for 59% of the total
•    Residences at Little Nell had 8 transactions, Hyatt had 5, Ritz had 3, Dancing Bear had 3, and Prospector, Roaring Fork Club Suites, and Residences at Snowmass Club each had 1
•    Compared to 2008, fractional dollars are up 889% at $120,076,988 and transactions are up 84% to 114
•    The average single family home price for Pitkin County is down 2% from 2008 at $5,025,843
•    The median single family home price is up 21% to $4,950,000 over 2008
•    Multi family and residential land average and median prices are all up from 2008