2009 June -Pitkin County Market Summary ( Courtesy Land Title )

•    Transactions totaled 47 for the month, up 2 (4%) from May’s total of 45
•    Dollars totaled $63,784,489, down 1% from May’s total
•    For the year, there have been 331 total transactions, down 27% from the same time period last year
•    For the year, dollars total $471,471,149, down 34% from the same time period last year
•    Pitkin County continues to show the lowest decrease year over year out of Land Titles 5 county reporting area (Eagle, Garfield, Summit, Routt, & Pitkin)
•    Aspen reported 20 transactions (43%), Interval units totaled 15 (32%), Snowmass Village totaled 6 (13%), Woody Creek and Old Snowmass each posted 2 (4%), and Basalt and Carbondale each reported 1 (2%)
•    Fractional sales totaled $6,220,500 for June and transactions totaled 15
o    Hyatt Grand Aspen led with 7, Little Nell - 4, Ritz/Aspen Highlands – 3, St. Regis – 1
•    For the year, fractional dollars total $139,472,388, up 396% from last year, same time period
•    Year to date fractional transactions are 163, up 23% from last year, same time period
•    The average single family home sold price is down 13% overall to $4,460,140 (as compared to full year 2008)
o    Aspen is reporting a decrease of 13%
o    Snowmass is reporting down 21%
o    Woody Creek, down 73%
o    Old Snowmass, down 67%
o    Basalt, down 58%
o    Carbondale, down 38%
•    The median single family home sold price is up 2% to $4,175,000 (as compared to full year 2008)
o    Aspen is down 18% to $4,771,000
o    Snowmass is up 14% to $4,675,000
?    Please note that there are areas within Pitkin County where there is not enough activity to establish a true median – this is specified on page 3 of the PDF
** It is important to note that average and median prices compare full year 2008 sold data to year to date 2009 sold data.