2010 April Pitkin County Market Summary (Land Title)

Released by Land Title May 25, 2010

Please see 2010 April Pitkin County Market Analysis for all Pitkin County property transfers including fractionals, mobile homes,
deed restricted properties, affordable housing, etc. Includes Aspen, Snowmass Village, Woody Creek, Old Snowmass, and parts of Basalt, El Jebel and Carbondale, Colorado.

For strictly Aspen Snowmass residential sales,  see The Estin Report: 1st Quarter 2010 for Aspen Snowmass Residential.  The Estin Report includes single family, townhome, duplex and condo sales for the upper Roaring Fork Valley including Aspen, Snowmass Village, Woody Creek and Old Snowmass.  It does not include fractionals.

•    $168,793,594 - total dollar volume, up 128% from April 2009
      o    Included in the total dollar volume was a notable commercial transaction of $37.9 million in Aspen
•    71 total transactions, up 54% from April 2009
•    Year to date, through April, total dollar volume $376,527,197, up 9.7% from same time period last year
•    Year to date transactions total 250, up 4.6% from same time period last year
•    Aspen reported the highest number of transactions with 31, there were 20 interval units, Snowmass Village 10, Basalt and Old Snowmass each reported 3, Carbondale and Redstone reported 2 each as well
•    Aspen dollar volume totaled $136.8 million, Snowmass Village $12.6 million, Interval units $10.2 million, Old Snowmass $5.9 million, Redstone $1.3 million, Basalt $1 million, and Carbondale $820,000
•    There were no sales bank sales in Pitkin County in the month of April, there have only been 2 recorded thus far in 2010
•    The average single family home sold price through April is $4,078,773, a decrease of 17% from full year 2009
•    The median single family home sold price though April is $3,550,000, an increase of 13% from full year 2009
o    Please see page 4 of the PDF for additional detail by area as well and multi family and land details
•    Fractional activity showed a nice increase in dollar volume for the month with $10,248,962 reported, up 91% from April 2009
•    There were 20 fractional transactions, an increase of 18% from April 2009
o    6 at the Little Nell, 5 at the Hyatt, 2 each at the Ritz, Sanctuary, and Snowmass Club, and 1 each at Roaring Fork Club,  Shadow Mountain Lodge, and Timbers Club
•    Through April, fractional dollars total $28.9 million, a decrease of 77%  from same time period 2009
•    Through April, fractional transactions total 57, which is a decrease of 56% from the same time period 2009