Pitkin County Colorado Real Estate Market Report April 2011

released June 3, 2011 by Land Title Guarantee

•    $119,488,884 – total dollar volume for the month (strongest dollar month thus far in 2011), a decrease of 29% from April 2010
o    It should be noted that April 2010 included commercial dollar volume of approximately $43 million
•    73 – total transactions for the month, an increase of 2.8% from April 2010
•    Through April, dollars volume is up 8.5% to $408,620,377
•    Through April, transactions are up 7.6% to 269
•    Aspen reported 25 transactions ($55 million), Interval units totaled 24 ($22.3 million), Snowmass Village posted 15 ($21.7 million), Old Snowmass totaled 3 ($14.2 million), Woody Creek reported 2 ($4.3 million), Carbondale 2 ($783,000), Basalt 1 ($815,000), and Redstone 1 ($425,000)
•    There were 6 bank sales recorded in April, totaling $3.475 million.  This accounts for less than 1% of the transactions and less than 3% of the dollars
o    2- Aspen, 2- Snowmass Village, 1 – Old Snowmass, and 1 – Interval ownership
•    Through April there have been 26 bank sales reported totaling $18 million in dollars.  This accounts for less than 1% of the transactions and 4.4% of the total dollars
•    The average single family home sold price through April is $4,423,650, which is an increase of 2% from full year 2010
•    The median single family home sold price through April is $3.075 million, which is a decrease of 3% from full year 2010
•    Fractional activity for the month was up 117% from April 2010 totaling $22,278,0202
•    Fractional transactions for the month were also up 20% with a total of 24
•    Through April, fractional dollars total $41,397,575, an increase of 43%
•    Through April, fractional transactions total 95, an increase of 67%
•    Of the 24 April transactions, Residences at Little Nell led with 11 transactions, Hyatt - 6, St. Regis - 3, Ritz Carlton – 1, Dancing Bear -1, Roaring Fork Club – 1, and Residences at Snowmass Club -1