2010 May Pitkin County Market Summary (Land Title)
released by Land Title July 2, 2010
See May 2010 Pitkin County Market Summary by Land Title which includes ALL Pitkin County transfers including fractionals, mobile
homes, deed restricted properties, etc. Includes Aspen, Snowmass
Village, Woody Creek, Old
Snowmass, and parts
of Basalt, El Jebel and Carbondale, Colorado.
See The Estin Report: 2nd Quarter 2010 Aspen Snowmass Residential. (released July 2, 2010) This report includes single family, townhome, duplex and condo sales over $250,000 for
the upper Roaring Fork Valley including Aspen, Snowmass Village, Woody
Creek. It does not include fractionals.
Land Title's Summary for the Month of May 2010
• $81,899,335 – total dollar volume – an increase of 27% from May 2009
• 44 – total transactions – a decrease of 2% from May 2009
• Year to date through May, dollar volume totals $458,426,532, an increase of 12.45% from same timeframe of 2009
• YTD through May, transaction totals 294, an increase of 3.52% from same time period 2009
• 21 transactions and $52.8 million took place in Aspen, 14 transactions and $8.6 million were interval units, 8 transactions and $17.9 million were in Snowmass, and 1 transaction for $2.7 million took place in Old Snowmass
• There was one sale for the month in Pitkin County (Aspen) where a bank was listed as a grantor totaling $750,000, accounting for less than 1% of the total volume
• For the year, there have been a total of 3 bank owned sales in Pitkin County, totaling $1.6 million, .35% of the total volume
• The average single family sold price through May is $4.136 million, a decrease of 16% from full year 2009
• The median single family sold price through May is $4.1 million, an increase of 30% from full year 2009
o Please refer to page 4 of the PDF for additional detail by area and property type
• Fractional activity for the month totaled $8.6 million, an increase of 10% over May 2009
• Fractional transactions totaled 14, a decrease of 18% from May 2009
o Residences at Little Nell – 5, Ritz Carlton at Highlands – 3, Hyatt Grand Aspen – 3, Residences at Snowmass Club – 2, Timbers - 1
• YTD through May, fractional dollars total $37.5 million, a decrease of 72% from same time period 2009
• YTD through May, fractional transactions total 71, a decrease of 52% from same time period 2009
