released 12/09/12 by Land Title Guarantee. Published in The Estin Report/2012 Market Statistics folder on 12/09/12

See also:
The Estin Report: October 2012 Aspen Snowmass Market Snapshot (released Nov. 7, 2012). The Snapshots are released on or near the 1st Monday of the month on the blog) is for upper Roaring Fork Valley only – Aspen, Snowmass Village, Woody Creek and Old Snowmass for property transactions sold over $250,000 in Nov. 2012 – Fractionals are not included.

This Land Title Report is for all real estate transactions recorded in Pitkin County during September 2012.

October 2012 Summary
Land Title Pitkin County Market Analysis
(See accompanying charts pdf)

• $141,281,894 – total dollars for October, an increase of 56% from October 2011
• 77 – total transactions for October, an increase of 31% from October 2011
• October represents the strongest transaction month of the year
• Through October, dollars total $1,151,539,134, an increase of 8% from same time period last year
• Through October, transactions total 594, a decrease of 7.6% from same time period last year
• Aspen posted 40 transactions ($128.2 million), Interval Units 17 ($4.4 million), Snowmass Village 11 ($6.8 million), Old Snowmass 5 ($536,400), Carbondale 2 ($822,500), and Basalt 1 ($406,000). The remaining transaction was a quit claim transfer with a doc fee, totaling $100,000.
• There were 7 bank sales in October totaling $3.6 million. This accounted for 2.6% of the total volume and 9% of the transactions.
• Bank Sale breakdown: 3 Aspen (Zone 1), 3 Old Snowmass (Zone 4) and 1 Basalt (Zone 5)
• Through October, there have been a total of 36 bank sales totaling $35 million. This accounts for 3% of the total dollar volume and 6% of the transactions
• The average single family home sold price through October is $4,147,668, an increase of 1% from full year 2011
• The median single family home sold price through October is $2,800,000, an increase of less than 1 percent from full year 2011
• Interval dollar volume for October was down 35% from October 2011, with a total of $4,371,750.
• Interval transaction volume for October was up 31% from October 2011, with a total of 17. This is the 2nd strongest transaction month of the year.
• Interval transaction breakdown for October: Hyatt Grand Aspen – 7, Roaring Fork Club PUD – 3, Roaring Fork Club Suites – 2, St. Regis – 2, Shadow Mountain Lodge – 2, and Residences at Snowmass Club – 1
• Through October, interval dollar volume is down 39% from same period 2011 with a total of $50,088,019
• Through October, there have been 123 interval transactions, a decrease of 35% from same time period 2011