Overview for the month of November, 2008 (Courtesy of Land Title Guarantee Co.,released 12/24/08)
• Dollars totaled $64,790,663, down 39.8% from Nov. ‘07
• Transactions totaled 47, down 51.5% from Nov. ‘07
• Year to date dollars are $1,253,716,254, down 46% from last year, same time period
• Year to date transactions are 761, down 38.5% from last year, same time period
• The average single family price is up 12% from ’07 at $5,199,942
• The median single family price is up 27% with a year to date total of $4.506,000
• Nearly 30% of transactions took place in Aspen, 25.5% in Snowmass and 25.5% in Woody Creek
• Eight transactions were fractional units (4 Ritz, 3 St. Regis, 1 Hyatt)
• Year to date fractional sales are $44,416,985, 45% decrease from 2007
• Year to date fractional units total 201, a decrease of 26% from last year.
See Aspen Real Estate Archives/2008 Market Statistics for pdf charts of this latest Pitkin County Market Analysis.