Pitkin County Colorado Real Estate Market Report October 2011
Released Dec 1, 2011: This is a Oct. 2011 market report for all Pitkin County real estate transactions by Land Title. This includes property transfers for Aspen, Snowmass Village, Woody Creek, Old Snowmass and parts of Basalt and Carbondale, CO
Also see: The Estin Report: 3rd Quarter 2011 State of the Aspen Real Estate Market (released 10/06/11 includes Aspen, Snowmass Village and Woody Creek only - the upper Roaring Fork Valley. The report is on market activity from July 1 - Sept. 30, 2011.)
Summary for the month of October 2011
October Summary
• $90,428,710 - total dollars for the month, a decrease of 54% from October 2010
• 59 - total transactions for the month, an increase of 5.4% from October 2010
• $1,067,501,824 - total dollar volume through October, this is an increase of 4.7% from same time period last year
• 643 - total transactions through October, this is an increase of 15.7% from same time period last year
• Both dollar volume and transaction totals continue to track ahead of both 2009 and 2010
• Aspen accounted for 23 transactions ($56.4 million), Interval units 13 ($6.7 million), Snowmass Village 12 ($14.6 million), Old Snowmass 4 ($7.9 million), Basalt 2 ($3.3 million), Woody Creek 2 ($429,075), Carbondale 1 ($1.1 million). The remaining 2 transactions were quit claim transfers with doc fees.
• The highest sale for the month was a $10 million in Aspen (Zone 1). Metes & bounds, single family on Pitkin Way
• There were no bank sales posted for the month of October
• Through October, there have been 45 bank sales in Pitkin, totaling $30.3 million. This accounts for 8% of the transactions and 3% of the dollars
• The average single family sold price through October totals $4,093,257 - this is a decrease of 5% from full year 2010
• The median single family sold price through October totals $2,650,000 - this is a decrease of 17% from full year 2010
• Fractional dollars for the month totaled $6,676,565, an increase of 124% from October 2010
• Fractional transactions for the month totlaed 13, even with October 2010
o Ritz Carlton - 3, Hyatt Grand Aspen - 2, Sanctuary - 2, Dancing Bear, Prospector, Residences at Little Nell, Roaring Fork Club (PUD) , Shadow Mountain Lodge, and Residences at Snowmass Club - 1 each
• Through October, fractional dollars total $82,563,364, an increase of 10% from same time period, 2010
• Through October, fractional transactions total 188, an increase of 28% from same time period 2010
• Transaction breakdown for the month included: Residential Improved - 28, Fractional - 13, and Employee Units - 13, and Vacant Land - 4
