released April 2, 2012 by Land Title

February 2012 Summary

(See accompanying charts)

• $45,363,729 – total dollars for February, a decrease of 61% from February 2011
• 46 – total transactions for February, a decrease of 8% from February 2011
• Through February, dollars total $142,017,044, a decrease of 29% from same time period last year
• Through February, transactions total 101, a decrease of 21% from same time period last year
• Aspen posted 22 transactions ($27.7 million), Interval units 12 ($4.6 million), Basalt 5 ($1.98 million), Snowmass Village 4 ($10.5 million), and Woody Creek 1 ($212,368). The remaining transaction was a quit claim transfer with a doc fee ($8,000).
• There were 4 bank sales (bank as the grantor) for the month, totaling $1.24 million. This accounted for 9% of the transactions and 3% of the dollars; (Aspen – 2 & Basalt – 2)
• Through February, there have been 8 bank sales for the month, totaling $2.96 million. This accounts for 8% of the transactions and 2 % of the dollars
• The most notable sale for February was a single family residence in Enclave Aspen totaling $5.475 million (**note – the Dancing Bear sale will be reflected in March numbers**)
• The average single family home sold price through February is $3,247,683, a decrease of 21% from full year 2011
• The median single family home sold price through February is $3,112,500, an increase of 12% from full year 2011
• Interval dollar volume for February was up 5% from February 2011, with a total of $4,645,000
• Interval transaction volume for February was down 8% from February 2011, with a reported 12
• Through February, interval dollar volume is down 50% from same period 2011 with a total of $7,287,400
• Through February, there have been 24 interval transactions, a decrease of 56% from same time period 2011