Released 01/31/13 by Land Title Guarantee for all real estate transactions recorded in Pitkin County during December2012. Published in The Estin Report/’Aspen Real Estate News and Market Stats Archives/2012 Market Statistics folder on 02/02/13.

For Dec. 2012 Aspen and Snowmass Village specific statistics, see: The Estin Report: December 2012 Aspen Snowmass Market Snapshot released on Jan. 6, 2013 (usually 3-4 weeks prior to Land Title release dates). The Snapshots are published on the 1st Monday of the month on the Estin Report blog reporting on the upper Roaring Fork Valley real estate sales – Aspen, Snowmass Village, Brush Cr.Village, Woody Creek and Old Snowmass property transactions sold over $250,000 during December 2012 – Fractionals are not included.

December 2012 Summary
Pitkin County Market Analysis
(See accompanying charts pdf
)

• $269,713,558 – total dollars for December, an increase of 247% from December 2011
• 90 – total transactions for December, an increase of 61% from December 2011
• December was the strongest month of the year in both dollar volume and transaction totals
• December dollars represented the strongest month since May 2007
• December transactions represented the strongest month since January 2008
• The highest sale in December was $22 million for the Mountain Plaza building, 434 East Cooper (commercial)
• For the year, dollars totaled $1,491,364,705 an increase of 17.5% from full year 2011
• For the year, transactions totaled 749, a decrease of less than less than 1% (.9%) from 2011
• In December, Aspen posted 51 transactions ($206.9 million), Snowmass Village 20 ($41.3 million), Interval Units 8 ($4.3), Basalt 4 ($7 million), Old Snowmass 3 ($2.2 million), Redstone 2 ($6.98 million), and Woody Creek 1 ($975,000). The remaining transaction was a quit claim deed transfer with a doc fee, totaling $3,000
• For the year, Aspen posted 364 transactions ($1.05 million), Intervals 140 ($55.3 million), Snowmass Village 121 ($158.2 million), Basalt 49 ($40 million), Woody Creek 29 ($57 million), Old Snowmass 17 ($25.5 million), Carbondale 10 ($3.7 million), and Redstone 7 ($8.5 million). The remaining 12 transactions were quit claim transfers with doc fees, totaling $94.5 million.
• There were 5 bank sales in December totaling $2.4 million. This accounted for less than 1% of the total volume and 5.5% of the transactions
• Bank Sale breakdown: 4 -Snowmass Village (Zone 1) and 1 – Aspen (Zone 1)
• For the year, there were a total of 46 bank sales totaling $38.7 million. This accounted for 2.6% of the total dollar volume and 6% of the transactions
• The average single family home sold price for 2012 was $4,196,941, a increase of 2% from 2011
• The median single family home sold price for 2012 was $2,800,000, nearly even with 2011
• Interval dollar volume for December was up 40% from December 2011, with a total of $4.3 million
• Interval transaction volume for December was down 20% from December 2011, with a total of 8
• Interval transaction breakdown for December: Hyatt Grand Aspen – 4, Residences at Little Nell – 2, Ritz Carlton – 1, and St. Regis 1
• For the year, interval dollar volume totaled $55,262,019, a decrease of 38% from 2011
• For the year, interval transactions totaled 140, a decrease of 33% from 2011
• Interval breakdown for the year: Hyatt Grand Aspen – 39, Residences at Little Nell – 21, Ritz Carlton – 20, Roaring Fork Club PUD- 10, St. Regis – 10, Roaring Fork Club Suites – 9, Residences at Snowmass Club – 9, Timbers – 6, Prospector – 4, and Dancing Bear, Innsbruck, Sanctuary, and Shadow Mountain Lodge – 3 each