ASPEN – Real estate sales in Pitkin County* took the biggest tumble of the year in August, when compared to the same month the prior year, according to a report from Land Title Guarantee Company.About $57 million worth of real estate changed hands during the last month of the summer, compared to $160.5 million in August 2008, a 65 percent decrease. Sales were also down 55 percent from July’s total of $126.6 million, although that month included a $43 million sale.The number of transactions in August, 44, was very consistent with the figures of the last six months. That total is down exactly one-third from last August, when there were 66 transactions.Total sales volume in Pitkin County so far this year is $655 million in 418 transactions, which is down 35 percent in dollar volume and 29 percent in number from the same time period in 2008.
By Staff, October 8, 2009 Aspen Daily News
*Pitkin County includes Aspen, Snowmass Village, Woody Creek, Old Snowmass, parts of Basalt and Carbondale, CO. For Aspen and Snowmass Village real estate statistics only, see The Estin Report 3rd Quarter 2009: State of the Aspen & Snowmass Real Estate Market due for release on Tim Estin’s blog the week of Oct 5th.