released Dec 29, 2011 by Land Title

November 2011 Summary

(See accompanying Charts)

• $124,204,186 – total dollars for the month, an increase of 4.87% from November 2010
• 57 – total transactions for the month, a decrease of 13.6% from November 2010
• $1,191,706,010 – total dollar volume through November, an increase of 4.75% from same time period 2010
• 700 – total transactions for the month, an increase of 12.5% from same time period 2010
• Both dollars and transactions continue to track ahead of 2010
• Aspen posed 31 transactions ($105 million), Interval Units 11 ($3.5 million), Snowmass Village 7 ($7.7 million), Basalt 2 ($3.4 million), Woody Creek 1 ($3.2 million), Carbondale 1 ($850,000), Redstone 1 ($329,500), Old Snowmass 1 ($220,000). The remaining 2 transfers were quit claim deeds with doc fees totaling $32,000.
• Notable single family home sales for November include: $20.75 million – Ridge at Red Mountain, $16 million – Little Cloud, and $15 million – Ridge at Red Mountain. All three of these were new construction
• There were 2 bank sales in November totaling $1.98 million. This accounts for 3.5% of the transactions and 1.6% of the volume
o Aspen – 1, Snowmass Village – 1
• Through November, there have been 47 bank sales totaling $32.3 million in Pitkin County. This accounts for 6.7% of the transactions and 2.7% of the dollars
• The average single family home sold price through November totals $4,213,960, a decrease of 3% from full year 2010
• The median single family home sold price through November is $2,837,500, a decrease of 11% from full year 2010
• Fractional dollars for November total $3,455,350, a decrease of 13% from November 2010
• Fractional transactions for November total 11, a decrease of 27% from November 2010
o Ritz Carlton – 4, St. Regis – 3, Hyatt Grand Aspen – 2, Residences at Little Nell – 1, and Sanctuary
• Through November, fractional dollars total $86,018,714, an increase of 9% from same time period 2010
• Through November, fractional transactions total 199, an increase of 23% from same time period 2010