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2009 October Pitkin County Market Summary (Courtesy Land Title)
Please see the latest 2009 October Pitkin County Market Analysis for ALL Pitkin County Property Transfers including fractionals, mobile homes, etc. courtesy of Land Title Guarantee Company.
For Aspen and Snowmass only real estate activity, please see The Estin Report, 3rd Quarter 2009.
Summary for the month of October
• Another month posting increases from 2008 in both dollar volume and transactions!!!
• $126,613,840 in total dollar volume, up 46% from October 2008 ...(editor: Another month over $125M is very good news. The average monthly volume through 10 months is $91 million. By comparison, the average monthly volume through 10 months last year was $119M and in 2004 it was $136M.)
• 78 total transactions, up 15% from October 2008
• 78 transactions ties January for the strongest transaction month of 2009
• Dollars through October total $909,872,597, down 23% from same time period 2008
• Transactions through October total 570, down 20% from same time period 2008
• Aspen reported 33 transactions (42%), Interval units totaled 31 (40%), Snowmass Village and Basalt each reported 5 (6%), Old Snowmass 2 (3%), Redstone and Woody Creek each reported 1 (1%)
• Fractional dollars for October totaled $11,935,410 up 101% from October 2008
• Fractional units for September totaled 31, up 35% from October 2008
o Hyatt Grand Aspen – 17, Residences at Little Nell - 5, Ritz at Highlands – 4, Roaring Fork Club & Timbers – 2, Dancing Bear - 1
• For the year, fractional dollars total $173,868,655 up 314% from last year, same time period
• For the year, fractional units total 246, up 27% from 2008
• Through October, the average single family sold price is down 3% to $4,961,936 – see page 4 for detail by area of Pitkin County
• Through October, the median single family sold price is down 7% to $3,800,000 – see page 4 for detail by area of Pitkin County
• It is important to note that average and median prices compare full year 2008 sold data to year to date 2009 sold data derived from county records, not MLS data
