Released July 31, 2012 by Land Title Guarantee

June 2012 Summary
Pitkin County Market Analysis

(See accompanying charts)

This Land Title Report is for all real estate transactions recorded in Pitkin County during June 2012 which in additon to Aspen, Snowmass Village, Woody Creek and Old Snowmass includes portions of Basalt, El Jebel and Carbondale.

The Estin Report June 2012 Aspen Snowmass Monthly Snapshot is for upper Roaring Fork Valley – Aspen, Snowmass Village, Woody Creek and Old Snowmass only – sold properties over $250,000 and excluding fractional sales.

Summary June 2012

• $147,102,867 – total dollars for June, a decrease of 15% from June 2011
• 64 – total transactions for June, an decrease of 3% from June 2011
• June was the strongest month thus far in 2012 in both dollars and transactions
• Included in June’s numbers was a $41 million sale in Starwood Ranch
• Through June, dollars total $593,606,078, a decrease of 16% from same time period last year
• Through June, transactions total 334, a decrease of 14% from same time period last year
• Aspen posted 28 transactions ($101.7 million), Interval Units 12 ($5.4 million), Snowmass Village 9 ($9 million), Woody Creek 5 ($16.7 million), Basalt 4 ($5.8 million), Old Snowmass 2 ($5 million), and Redstone 1 ($300,000). Also included in the month’s totals were 3 quit claim transfers totaling $3.3 million.
• There were 2 bank sales (bank as the grantor) for the month, totaling $3.05 million. This accounted for 3% of the transactions and 2% of the dollars.
• Both bank sales were in Aspen Zone 1
• Through June, there have been 20 bank sales, totaling $14.9 million. This accounts for 6% of the transactions and 2.5% of the dollars
• The average single family home sold price through June is $4,231,643, an increase of 3% from full year 2011
• The median single family home sold price through June is $2,800,000, which is nearly even with full year 2011
• Interval dollar volume for June was down 28% from June 2011, with a total of $5,438,405
• Interval transaction volume for June was down 8% from June 2011, with a total of 12
• Interval transaction breakdown for June: St. Regis – 4, Ritz Carlton – 3, Roaring Fork Club PUD – 2, Residences at Little Nell -1, and Roaring Fork Club Suites -1
• Through June, interval dollar volume is down 52% from same period 2011 with a total of $26,735,805
• Through June, there have been 67 interval transactions, a decrease of 46% from same time period 2011