released April 1, 2011 by Land Title Guarantee

Pitkin County Real Estate Transactions Summary for the month of March, 2011

(See accompanying charts)

  • $89,077,737 – total dollar volume, a decrease of 13.7% from March 2010
  • 68 total transactions – a decrease of 19% from March 2010
  • Year to date dollars total $289,131,493, an increase of 39% from same time period 2010
  • Year to date transactions total 196, an increase of 9.5%
  • Aspen reported the most activity with 28 transactions, Interval units 17, Snowmass Village 15, Basalt 3, Old Snowmass 3, Woody Creek 1, and Carbondale 1
  • Aspen reported the highest dollar volume with $58.7 million, Snowmass Village $18.7 million, Intervals $4.6 million, Old Snowmass $4.2 million, Carbondale $985,000, and Woody Creek $212,368
  • Bank sales are on the rise in Pitkin County, with a reported 12 for the month totaling $9.9 million. This accounts for 18% of the transactions and 11% of the dollars
    • 5 – Aspen, 3 – Snowmass Village, 2 – Basalt, 1- Old Snowmass, 1 – fractional
  • Average single family home sold price through March is $4,611,723, an increase of 6% from full year 2010
  • Median single family home sold price through March is $3,087,500, a decrease of 3% from full year 2010
  • Fractional dollars totaled $4.6 million, an increase of 74% from March 2010
  • Fractional transactions totaled 17, an increase of 21% from March 2010
    • The Ritz @ Highlands posted 6, Hyatt Grand Aspen 3, Innsbruck, Residences at Snowmass Club, and Timbers each reported 2, while Prospector and Residences at Little Nell each reported 1
  • Through March, fractional dollars total $19,119,554, an increase of 3% from same time period 2010
  • Through March, transactions total 71, an increase of 92% from same time period 2010