Released 04/07/13 by Land Title Guarantee for all real estate transactions recorded in Pitkin County during February 2013. Published in following path: The Estin Report/Aspen Real Estate News and Market Stats Archives/2013 Market Statistics folder on 04/10/13.

For more timely market statistics, see the Currents Reports section for: The Estin Report: Jan., Feb., Mar. 2013 Aspen Snowmass Market Snapshots (released 5-7 weeks prior to Land Title release dates). The Snapshots are published on or about 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. Fractionals are not included.

February 2013 Land Title Summary

(link to charts)

• $38,389,379 – total dollars for February, a decrease of 15% from February 2012
• 44 – total transactions for February, a decrease of 4% from February 2012
• Year to date, dollars total $118,263,217, a decrease of 17% from same period 2012
• Year to date, transactions total 103, an increase of 2% from same period 2012
• For the month, Aspen posted 20 transactions ($27.7 million), Interval units 9 ($3.6 million), Snowmass Village 7 ($1.9 million), Basalt 4 ($1.6 million), Old Snowmass 3 ($3.3 million), and Redstone 1 ($245,000).
• There were 7 bank sales recorded in the county for February totaling $2.2 million. This accounted for 16% of the transactions and 6% of the dollars (see page 9 for more details)
• Year to date, there have been 16 bank sales recorded in the county, totaling $9.1 million. This accounts for 16% of the transactions and 8% of the dollars.
• The average single family home sold price thru February is $2,829,605, a decrease of 33% from full year 2012
• The median single family home sold price thru February is $2,250,000, a decrease of 20% from full year 2012
• Interval dollar volume for February was down 22% from February 2012, with a total of $3.6 million
• Interval transaction volume for February was down 25% from February 2012, with a total of 9
• Interval transaction breakdown for February: Dancing Bear – 3, St. Regis – 2, Hyatt Grand Aspen – 2, Ritz Carlton Club – 1, and Timbers Club – 1
• Through February, interval dollar volume totals $7,917,383, an increase of 9% from same period 2012
• Through February, interval transaction volume totaled 32, an increase of 33% from same period 2012
• Buyer profile through February: 51% were out of state – domestic, 36% were Local, 12% were International, and 1% Front Range
Click below for the full 9 page PDF report for additional details