2010 August Pitkin County Real Estate Market Analysis (Land Title)

released by Land Title 09/30/10

See August 2010 Pitkin County Recorded Real Estate Market Analysis (pdf Charts)  by Land Title which includes real estate sale statistics for ALL Pitkin County recorded transactions including fractionals, mobile homes, deed restricted properties, etc. encompassing 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 Real Estate for the upper Roaring Fork Valley which exclusively includes single family, townhome, duplex and condo sales over $250,000 in Aspen, Snowmass Village, Woody Creek.  It does not include fractionals. ((released July 2, 2010)

•    $74,470,199 – total dollar volume for the month, an increase of 10.28% from August 2009
•    53 – total transactions, an increase of 20.45% from August 2009
•    Year to date, dollar volume totals $722,442,391, an increase of 10.28% from same time period of 2009
•    Year to date, transactions total 438, an increase of 4.78% from the same time period of 2009
•    There were 30 transactions in Aspen totaling $62.9 million, 14 interval units totaling $4.5 million, 6 in Snowmass totaling $4.9 million, 1 in Woody Creek for $1.35 million, 1 in Basalt for $500,000, and 1 in Redstone totaling $309,000
•    Aspen is the only area within the county that reported an increase in both dollar volume and transaction activity over July
•    There was one transaction in August that listed a bank as the grantor – this was in Aspen for $243,000.  The accounts for .33% of the dollar volume and 1.9% of the total transactions
•    There have been 7 transactions year to date where a bank was the grantor.This accounts for 1.2% of the dollar volume and 1.6% of the total transactions
•    Fractional dollar volume for the month totaled $4,468,500 – a decrease of 48% from August 2009
•    Fractional transactions total 14 – which is a decrease of 13% from August 2009
•    Year to date fractional dollar volume has shown a decrease of 60% from 2009 with a reported $62.7 million
•    Year to date fractional transaction activity is down 42% with a total of 115 transactions through August
•    The average single family sold price through August totals $4.4 million, which is a decrease of 10% from full year 2009
•    The median single family sold price through August totals $4.05 million, an increase of 28% from full year 2009
o    Please see page 4 of the PDF for more detail by area and property type, the percentages above are snapshots of the county as a whole