released 11/06/12 by Land Title Guarantee. Published in The Estin Report/2012 Market Statistics folder on 11/07/12.

The Estin Report: September 2012 Aspen Snowmass Market Snapshot (released October. 9, 2012. The Snapshots are released on or near the 1st Mondays 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 Sept. 2012. Fractionals are not included..

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

September 2012 Summary

Land Title Pitkin County Market Analysis

(See accompanying charts)

• $232,414,305 – total dollars for September, an increase of 69% from September 2011
• Included in the September dollar volume is a $90 million quit claim transfer in Snowmass Village
• 76 – total transactions for September, a decrease of 12% from September 2011
• September represents the strongest month thus far in 2012 for both dollar and transaction volume
• Through September, dollars total $1,010,257,240, an increase of 3.4% from same time period last year
• Through September, transactions total 517, a decrease of 11.5% from same time period last year
• Aspen posted 39 transactions ($108.3 million), Interval Units 21 ($14.7 million), Basalt 7 ($12 million), Woody Creek 5 ($5.1 million), Old Snowmass 1 ($1.4 million), Carbondale 1 ($426,000), and Snowmass Village 1 ($420,000). As noted above, the remaining transaction was a quit clam transfer totaling $90 million.
• There were 2 bank sales in September totaling $1.4 million. This accounted for .6% of the total volume and 2.6% of the transactions
• Bank Sale breakdown: 1 – Basalt (Zone 5) and 1 Woody Creek (Zone 3)
• Through September, there have been a total of 29 bank sales totaling $31.3 million. This accounts for 3.1% of the total dollar volume and 5.6% of the transactions
• The average single family home sold price through September is $4,052,664, a decrease of 1% from full year 2011
• The median single family home sold price through September is $2,675,000, a decrease of 4% from full year 2011
• Interval dollar volume for September was up 68% from September 2011, with a total of $14,749,000. This is the strongest interval dollar volume month since April of 2011
• Interval transaction volume for September was down 13% from September 2011, with a total of 21. However, this is the strongest interval transaction month since last September
• Interval transaction breakdown for September: Residences at Little Nell – 8, Roaring Fork Club Suites – 4, Roaring Fork Club PUD – 2, Prospector – 2, Dancing Bear Aspen – 1, Ritz Carlton – 1, St. Regis – 1, Hyatt – 1, and Timbers – 1
• Through September, interval dollar volume is down 40% from same period 2011 with a total of $45,716,269
• Through September, there have been 106 interval transactions, a decrease of 39% from same time period 2011