Released Nov. 1, 2011: This is a Sept. 2011 market report for all Pitkin County real estate transactions by Land Title. 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.)

Summary for the month of September 2011


• September was the strongest transaction month since April 2008, with a total of 86
• September boasted the second strongest dollar month of the year
• $137,723,013 – total dollars for the month, an increase of 38% from September 2010
• 86 – total transactions for the month, an increase of 38.7% from September 2010
• Through September, dollars total $977,073,114 – an increase of 18.8% from same time period 2010
• Through September, transactions total 584, an increase of 16.8% from same time period 2010
• Aspen posted 34 transactions and $88.7 million, Intervals posted 24 and $8.8 million, Basalt 9 and $7 million, Snowmass Village 8 and $16 million, Old Snowmass 5 and $15.4 million, Woody Creek 2 and $449,440, Carbondale 1 at $1.04 million, and Redstone 1 at $250,000. The remaining $6,000 was 2 quit claim transfers with doc fees
• Bank Sales for the month totaled 3 with a dollar volume of $1.74 million. This accounts for 3.5% of the transactions and 1.3% of the dollar volume
o 1 – Aspen, 1 – Basalt, and 1 – Interval Unit
• Through September, there have been a total of 45 bank sales in the county with a total of $30.3 million. This accounts for nearly 8% of the transactions and 3% of the dollars
• Notable sales for the month included: Highest Priced – $9.6 million for a single family residence in the City of Aspen, Highest PPSF – $2,858/foot for Commercial office space on Main Street with a sales price of $314,388
• The average single family sold price through September is $4,118,399 – a decrease of 5% from full year 2010
• The median single family sold price through September is $3,537,500 – an increase of 11% from full year 2010
• September fractional dollars totaled $8,772,000 – a decrease of 7% from September 2010
• September fractional transactions totaled 24 – an increase of 26% from September 2010
o Hyatt Grand Aspen – 14, Ritz Carlton – 4, Little Nell – 2, Roaring Fork Club PUD – 2, Roaring Fork Club Suites – 1, and St. Regis – 1
• Through September, fractional dollars total $75,886,799 – an increase of 5% from same time period 2010
• Through September, fractional transactions total 175 – an increase of 31% from same time period 2010