Released May 31, 2012 by Land Title Guarantee

April 2012 Summary
Pitkin County Market Analysis

(See accompanying charts)

This Land Title Report is for all real estate transactions recorded in Pitkin County during Arpil 2012, whereas The Estin Report April 2012 Market Snapshot is for upper Roaring Fork Valley only – Aspen, Snowmass Village, Woody Creek and Old Snowmass.

• $99,180,781 – total dollars for April, a decrease of 17% from April 2011
• April represents the second highest dollar month for the year. Second only to March, which included the Dancing Bear sale of $24.2 million
• 64 – total transactions for April, a decrease of 12% from April 2011
• The April transaction total is the strongest month thus far in 2012
• Through April, dollars total $345,883,864, a decrease of 15% from same time period last year
• Through April, transactions total 213, a decrease of 21% from same time period last year
• Aspen posted 28 transactions ($57.1 million), Snowmass Village 17 ($20.5 million), Interval Units 11 ($1.8 million), Woody Creek 3 ($12.6 million), Basalt 2 ($1 million), Old Snowmass 1 ($5.8 million), Carbondale 1 ($435,000). The remaining transaction was a quit claim transfer with a doc. fee, totaling $7,000.
• There were 2 bank sales (bank as the grantor) for the month, totaling $477,500. This accounted for 3% of the transactions and .5% of the dollars. Both were in Snowmass Village.
• Through April, there have been 15 bank sales, totaling $10.7 million. This accounts for 7% of the transactions and 3% of the dollars
• The average single family home sold price through April is $3,679,188 a decrease of 10% from full year 2011
• The median single family home sold price through April is $3,275,000 an increase of 17% from full year 2011
• Interval dollar volume for April was down 92% from April 2011, with a total of $1,821,000
• Interval transaction volume for April was down 54% from April 2011, with a total of 11
• Interval transaction breakdown for April: Hyatt Grand Aspen – 6, Ritz Carlton – 2, Timbers – 2, and Roaring Fork Club – 1
• Through April, interval dollar volume is down 68% from same period 2011 with a total of $13,140,400
• Through April, there have been 43 interval transactions, a decrease of 55% from same time period 2011