Pitkin County Colorado Real Estate Market Report May 2011

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May 2011 for Pitkin County report on all real estate transactions released June 30, 2011

Summary for Pitkin County Sales the month of May 2011
See attached charts for this May '11  Pitkin County Market Analysis

• $127,403,833 - total dollar volume, an increase of 56% from May 2010

  • May is the strongest month for dollar volume thus far in 2010

• 54 - total transactions, an increase of 23% from May 2010

• Year-to-date dollars total $536,024,210, an increase of 17% from same time period 2010

• Year-to-date transactions total 323, an increase of approximately 10% from same time period 2010

• Aspen led the month with 26 transactions with a total of $93.9 million, Snowmass Village totaled 8 and $24.9 million, Old Snowmass 3 totaling $1.5 million, Basalt 2 totaling $411,000.  Interval units accounted for 15 and $6.7 million

• There was a notable sale in Snowmass Village totaling $20.5 million (Owl Creek Ranch Subdivision)

• Bank sales totaled 5 with a dollar volume of $1.41 million.  This accounts for approximately 1% of both transactions and dollar volume.

  • 2- Basalt, 2 - Snowmass Village, 1 - interval in Snowmass Village

• Year-to-date there have been 31 bank sales totaling $19.4 million.  This accounts for 1% of the total transactions and 3.6% of the dollar volume

• Through May, the average single family home sold price in Pitkin County is up 11% from full year 2010 to $4,839,635

• Through May, the median single family home sold price in Pitkin County is down 1% from full year 2010 to $3,150,000

• Fractional dollars for May total $6,720,900, a decrease of 22% from May 2010

• Fractional transactions for May total 15, an increase of 7% from May 2010

  • Hyatt Grand - 8, Ritz Carlton - 3, Residences at Little Nell - 3, Sanctuary - 1

• Through May, dollar volume totals $48,118,474, an increase of 28% from same time period 2010

• Through May, transactions total 110, an increase of 55% from same time period 2010