Pitkin County Colorado Real Estate Market Analysis December 2011

Released 01/31/2012 by Land Title

December 2011 Summary

(See accompanying Charts)
 

•    2011 total dollars totaled $1,269,446,586 - up .52% from 2010
•    2011 transactions totaled 756, an increase of 9.7% from 2010
•    December dollars totaled $77,740,576 - a decrease of 38% from December 2010
•    December transactions totaled 56 - a decrease of 16% from December 2010
•    The highest sales price for December was $6.25 million for a single family residence in Aspen Zone 1
•    For the year - Aspen led with $826 million (65% of the total) and 317 transactions (42% of the total), Snowmass Village posted $238 million (19%) and 114 transactions (15%), Interval Units $89 million (7%) and 209 transactions (28%), Old Snowmass $53.4 million (4%) and 29 transactions (4%), Basalt $32 million (2.5%) and 42 (5.6%), Carbondale $5.6 million (.4%) and 8 (1%), Redstone $1.16 million (.09%) and 5 transactions (.66%).  
•    December totals - Aspen $55.8 million and 32 transactions, Woody Creek $9.4 million and 3 transactions, Snowmass Village $5.8 million and 6 transactions, Interval Units $3 million and 10 transactions, Old Snowmass $2.5 million and 2 transactions, and Basalt $1.2 million and 3 transactions
•    There were 4 Bank Owned Sales in December totaling $1.4 million.  This accounted for 1.8% of the volume and 7% of the transactions
o    2 - Fractional,  2 - Snowmass Village
•    For the year, there were 51 Bank Owned Sales totaling $33.7 million.  This accounted for 2.7% of the dollars and 6.8% of the transactions
•    The average single family home sold price for 2011 totaled $4,108,658, a decrease of 5% from full year 2010
•    The median single family home sold price for 2011 totaled $2,787,500, a decrease of 12% from full year 2010
•    2011 Fractional dollars totaled $89,053,880 - an increase of 9% from 2010
•    2011 Fractional transactions totaled 209 - an increase of 19% from 2010
o    Hyatt Grand Aspen - 79, Ritz Carlton - 41, Residences at Little Nell - 33, St. Regis - 15, Residences at Snowmass Village - 8, Timbers - 7, Roaring Fork Club PUD - 6, Sanctuary - 5, Shadow Mountain - 3, Dancing Bear - 3, Prospector -3, and  Roaring Fork Club Suites - 2
•    December fractional dollars totaled $3,035,166 - an increase of 36% from December 2010
•    December transactions totaled 10 - a decrease of 29% from December 2010
o    Hyatt Grand Aspen - 6 and St. Regis, Dancing Bear, Residences at Little Nell, and Residences at Snowmass - each reported 1