Aspen Snowmass News


October Pitkin County Market Analysis

provided to you as a courtesy by Land Title Guarantee Company
  
  • $90,428,710 - total dollars for the month, a decrease of 54% from October 2010
  • 59 - total transactions for the month, an increase of 5.4% from October 2010
  • $1,067,501,824 - total dollar volume through October, this is an increase of 4.7% from same time period last year
  • 643 - total transactions through October, this is an increase of 15.7% from same
    time period last year
  • Both dollar volume and transaction totals continue to track ahead of both 2009
    and 2010
  • Aspen accounted for 23 transactions ($56.4 million), Interval units 13 ($6.7 million), Snowmass Village 12 ($14.6 million), Old Snowmass 4 ($7.9 million), Basalt 2
    ($3.3 million), Woody Creek 2 ($429,075), Carbondale 1 ($1.1 million).  The
    remaining 2 transactions were quit claim transfers with doc fees. 
  • The highest sale for the month was a $10 million in Aspen (Zone 1).  Metes & bounds, single family on Pitkin Way
  • There were no bank sales posted for the month of October 
  • Through October, there have been 45 bank sales in Pitkin, totaling $30.3 million.  This accounts for 8% of the transactions and 3% of the dollars
  • The average single family sold price through October totals $4,093,257 - this is a decrease of 5% from full year 2010
  • The median single family sold price through October totals $2,650,000 - this is a decrease of 17% from full year 2010
  • Fractional dollars for the month totaled $6,676,565, an increase of 124% from October 2010Fractional transactions for the month totaled 13, even with October 2010 – Ritz Carlton - 3, Hyatt Grand Aspen - 2, Sanctuary - 2, Dancing Bear, Prospector, Residences at Little Nell, Roaring Fork Club (PUD) , Shadow Mountain Lodge, and Residences at Snowmass Club - 1 each
  • Through October, fractional transactions total 188, an increase of 28% from same time period 2010
  • Transaction breakdown for the month included:  Residential Improved - 28,
    Fractional - 13, and Employee Units - 13, and Vacant Land - 4
 
 

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