Released 05/01/13 by Land Title Guarantee for all real estate transactions recorded in Pitkin County during March 2013. Published in following location: The Estin Report/Aspen Real Estate News and Market Stats Archives/2013 Market Statistics folder on 05/2/13.

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.

March 2013 Land Title Summary
(link to charts)

• $73,084,171 – total dollars for March, a decrease of 30% from March 2012
• 65 – total transactions for March, an increase of 35% from March 2012
• Year to date, dollars total $191,347,388 a decrease of 22% from same period 2012
• Year to date, transactions total 168, an increase of 13% from same period 2012
• For the month, Aspen posted 26 transactions ($41.7 million), Snowmass Village 19 ($24.4 million), Interval units 12 ($3.9 million), Basalt 4 ($1.7 million), Redstone 3 ($921,900), and Old Snowmass 1 ($549,000).
• There were 15 bank sales recorded in the county for March totaling $8 million. This accounted for 23% of the transactions and 11% of the dollars (see page 9 for more details)
• Year to date, there have been 31 bank sales recorded in the county, totaling $17 million. This accounts for 18% of the transactions and 9% of the dollars.
• The average single family home sold price thru March is $2,746,347, a decrease of 35% from full year 2012
• The median single family home sold price thru March is $2,200,000, a decrease of 21% from full year 2012
• Interval dollar volume for March was down 3% from March 2012, with a total of $3.9 million
• Interval transaction volume for March was up 50% from March 2012, with a total of 12
• Interval transaction breakdown for March: St. Regis – 3, Hyatt Grand Aspen – 3, Ritz Carlton Club – 2, Dancing Bear – 1, Residences at Little Nell – 1, Sanctuary – 1, and Timbers Club – 1
• Through March, interval dollar volume totals $11,808,317, an increase of 4% from same period 2012
• Through March, interval transaction volume totaled 44, an increase of 38% from same period 2012
• Buyer profile through March: 55% were out of state (domestic), 345 were Local, 10% were International, and 1% Front Range
• Loan info through March, 56% of the sales were cash and 44% had loans