August 2011 market report for all Pitkin County real estate transactions released October 4, 2011. This includes property transfers for Aspen, Snowmass Village, Woody Creek, Old Snowmass and parts of Basalt and Carbondale, CO

Also see: The Estin Report: 3rd Quarter 2011 State of the Aspen Real Estate Market (released 10/06/11 includes Aspen, Snowmass Village and Woody Creek only – the upper Roaring Fork Valley. The report is on market activity from July 1 – Sept. 30, 2011.)

2011 August Pitkin County Real Estate Market Analysis By Land Title

(See attached charts for the August Pitkin County Market Analysis)

Summary for the month of August
• $90,403,628 – total dollars for the month, an increase of 21% from August 2010
• 66 – total transactions for the month, an increase of 25% from August 2010
• Through August, dollar volume totals $839,350,101 – up 16% from same time period 2010
• Through August, transactions total 498 – up 13.7% from same time period 2010
• Aspen led the county with 27 transactions ($66.4 million), Intervals followed with 17 transactions ($6.2 million), Snowmass Village had 12 transactions ($10.4 million), Basalt 5 ($4.3 million), Old Snowmass 2 ($2.7 million), Woody Creek 1 ($375,000)and $375,000, Redstone 1 ($10,000), The remaining transaction was a quit claim transfer totaling $10,300
• There were 2 bank sales in the county in August, totaling $1.46 million. This accounts for 1.6% of the dollars and 3% of the transactions
• Through August, there have been 42 bank sales, totaling $28.6 million. This accounts for 3.4% of the dollars and 8.4% of the transactions
• The average sales price of a bank owned property (all areas, all types) through August is $650,549
• The average single family home sold price through August totals $4,498,622, an increase of 4% from full year 2010
• The median single family home sold price through August totals $2,650,000, a decrease of 17% from full year 2010
• Fractional dollars for August totaled 46,163,900, an increase of 38% from August 2010
• Fractional transactions for August totaled 17, an increase of 21% from August 2010
o Ritz Carlton – 5, St. Regis – 3, Innsbruck ,Hyatt Grand Aspen, Residences at Little Nell, and Timbers – 2, and Shadow Mountain Lodge – 1
• Through August, fractional dollars total $67,114,799, an increase of 7% from same time period 2010
• Through August, fractional transactions total 151, an increase of 31% from same time period 2010