released Oct. 3, 2012

The Estin Report: August 2012 Aspen Snowmass Market Snapshot (released Sept. 4, 2012 and 1st Mondays of the month on the blog) is for upper Roaring Fork Valley only – Aspen, Snowmass Village, Woody Creek and Old Snowmass.

This Land Title Report is for all real estate transactions recorded in Pitkin County during August 2012.

August 2012 Summary

Land Title Pitkin County Market Analysis
(See accompanying charts)

• $105,496,731 – total dollars for August, an increase of 17% from August 2011
• 60 – total transactions for August, a decrease of 9% from August 2011
• Through August, dollars total $777,842,935 a decrease of 7% from same time period last year
• Through August, transactions total 441, a decrease of 11.5% from same time period last year
• Aspen posted 30 transactions ($81.5 million), Interval Units 9 ($2.7 million), Snowmass Village 7 ($9.8 millon), Woody Creek 6 ($7.16 million), Basalt 5 ($3.4 million), Carbondale 2 ($544,900), and Redstone 1 ($350,000).
• There were 2 bank sales in August totaling $1.9 million. This accounted for 1.8% of the total volume and 3% of the transactions
• Through August, there have been a total of 27 bank sales totaling $29.8 million. This accounts for 3.8% of the total dollar volume and 6% of the transactions
• Bank Sale breakdown: 1 – Aspen (Zone1) and 1 – Carbondale (Zone 6)
• The average single family home sold price through August is $4,160,733, an increase of 1% from full year 2011
• The median single family home sold price through August is $2,750,000, a decrease of 1% from full year 2011
• Interval dollar volume for August was down 56% from August 2011, with a total of $2,717,964
• Interval transaction volume for August was down 47% from August 2011, with a total of 9
• Interval transaction breakdown for August: Ritz Carlton – 3, Hyatt – 3, Residences at Little Nell – 1, Roaring Fork Club (PUD) – 1, and Shadow Mountain Lodge – 1
• Through August, interval dollar volume is down 54% from same period 2011 with a total of $30,967,269
• Through August, there have been 85 interval transactions, a decrease of 44% from same time period 2011