Released June 30, 2012 by Land Title Guarantee

May 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 May 2012 Aspen Snowmass Monthly Snapshot
(released 06/04/12) 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 May 2012

$100,619,347 – total dollars for May, a decrease of 21% from May 2011
57 – total transactions for May, an increase of 5.6% from May 2011
May is the second strongest transaction month thus far in 2012
Through May, dollars total $446,503,211 a decrease of 17% from same time period last year
Through May, transactions total 270, a decrease of 16% from same time period last year
Aspen posted 34 transactions ($81.5 million), Interval Units 12 ($8.2 million), Woody Creek 4 ($6.1 million), Snowmass Village 4 ($4.1 million), Basalt 2 ($556,327), and Redstone 1 ($246,800)
There were 3 bank sales (bank as the grantor) for the month, totaling $1 million. This accounted for 5% of the transactions and 1% of the dollars.
1 – Snowmass Village, 1 – Redstone, 1 – Interval Unit
Through May, there have been 18 bank sales, totaling $11.8 million. This accounts for 6.6% of the transactions and 2.6% of the dollars
The average single family home sold price through May is $3,803,995 a decrease of 7% from full year 2011
The median single family home sold price through May is $3,275,000 an increase of 17% from full year 2011
Interval dollar volume for May was up 21%% from May 2011, with a total of $8,157,000
Interval transaction volume for May was down 20% from May 2011, with a total of 12
Interval transaction breakdown for May: Residence at The Little Nell – 4, Ritz Carlton – 2, Timbers – 2, Hyatt Grand -1, Roaring Fork Club PUD – 1, Prospector -1, and Sanctuary -1
Through May, interval dollar volume is down 56% from same period 2011 with a total of $21,297,400
Through May, there have been 55 interval transactions, a decrease of 50% from same time period 2011