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Pitkin County Market Summary (Land Title Co. Report): 3/20/09 - Feb. 2009

Summary for the month of February 2009 - includes all property transfers recorded in Pitkin County (includes fractionals)

•    Transactions totaled 74, UP 19.35% from February 2008’s total of 62
•    Dollar volume totaled $106,356,206, down 19% from February 2008
•    Year to date transactions have totaled 152, down 5% from same period of 2008
•    Year to date dollars are $222,293,205, down 14% from 2008
•    The average single family home price is down 4% from 2008 at $4.9 million
•    The median single family home price is up 21% from 2008 at $4.95 million
•    Of the 74 transactions, 44 were Fractional units (nearly 60%)
•    Fractional dollars totaled $41,155,838 up 1106% from last Feb
•    Fractional units of 44 was an increase of 193% over last Feb
•    Fractional unit sales have an average price of $1,165,110 year to date
•    Median price was fractional units is $1,200,000
•    February included 22 Dancing Bear transactions and 18 Residences at Little Nell
•    The remaining transactions were 5 single family, 14 multi family, and 3 vacant land