Please see  2009 November 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.

Pitkin County Real Estate Market Summary for the Month of November 2009


•    The gap is closing…..yet another month of increases over 2008 in both dollar volume and transactions

•    $81,433,876  – total dollar volume, up 26% from November 2008
•    72 total transactions, up 15% from November 2008
•    Dollars through November year-to-date total $991,306,473, down 21% from same time period 2008
•    Transactions through November year-to-date total 642, down 16% from same time period 2008
•    Transactions  breakdown:  Aspen – 24 units (33% of total units sold), Snowmass Village – 21 (29%), Interval units (28%) – 20, Basalt – 4 (6%), Old Snowmass – 1 (1%), and Woody Creek – 1 (1%)
•    Fractional dollars for November total $5,494,824, up 131% from November 2008
•    Fractional units totaled 20, up 150% from November 2008
o    Hyatt Grand Aspen – 9, St. Regis – 3, Ritz Carlton Aspen Highlands – 2, Timbers Club – 2, Dancing Bear Lodge -1, Residences at Little Nell – 1, Residences at Snowmass Club – 1
•    For the year, fractional dollars total $179,363,479 – up 304% from the same time period of 2008
•    For the year, fractional units total 266 – up 32% from same time period 2008
•    Through November, the average single family home price is down 4% to $4,894,394 – see page 3 of the PDF for average price by area of Pitkin County
•    Through November, the median single family home price is down 21% to $3,250,000 – see page 3 of Charts for median price 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 sold data derived from county records, not MLS data.