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Pitkin County Real Estate Market Summary February 2010: released March 31, 2010

See Land Title's  2010 February Pitkin County Market Summary for all Pitkin County property transfers including fractionals, mobile homes, etc. and includes Aspen, Snowmass Village, Woody Creek, Old Snowmass, Redstone,and parts of Basalt, El Jebel and Carbondale, Colorado.

The Estin Report: 1st Quarter 2010 for Aspen and Snowmass Village residential real estate activity will be released at 8AM Monday, April 5th. This report does not include fractionals (intervals).
 

Summary for Pitkin County Property Transfers February 2010

• $49,136,199 total dollar volume, a decrease of 53.8%from February2009

• 46 total transactions, a decrease of 37.8% from February 2009
  • Please keep in mind that there was a flurry of fractional transactions last year at this time with the Little Nell and Dancing Bear.
    • In February 2009 these two projects accounted for$40,323,600 and 40 transactions
• For February 2010, Aspen reported $23.4 million in dollar volume,Snowmass Village $13.6 million, Intervals $10.3 million, Basalt $1.4million, Redstone $457,000, and Old Snowmass $61,309
  • Included in the Aspen dollars was a single family home sale for $6.25 million
  • Old Snowmass dollars consisted of 2 sales in Lazy Glen
  • Snowmass Village, Intervals, and Basalt were the only areas that showed an increased dollar volume over last month
• February transaction totals were as follows:  Aspen 18, Intervals13, Snowmass Village 8, Basalt4, Old Snowmass 2, and Redstone 1
  • Intervals and Basalt were the only areas that showed increased transaction activity over last month
• The average single family home sold price for Pitkin County through the month of February is $2,576,590, a decrease of 47% from full year 2009’s sold price of$4,902,989
• The median single family home sold price is$2,437,500, a decrease of 24% from full year 2009’s sold price of $3,153,088
  • Please see page 5 of the PDF (link is above) for additional detail by specific area within Pitkin County, as well as multi family and residential land info
• Interval dollars for the month were $10,268,000, a decrease of 75% from Feb 2009
• Interval dollars for the month totaled 13, a decrease of 70% from Feb 2009