ASPEN AREA REAL ESTATE
MARKET ACTIVITY REPORTS

These market reports are brought to you as a special courtesy from Peter Kelley

For more information and to
Buy, Sell, or Rent ANY ASPEN AREA PROPERTY,
please call Peter Kelley at (970) 379-4511

November 2008 Pitkin County Market Analysis
Courtesy of Land Title Guarantee Company

• Dollars totaled $64,790,663, down 39.8% from Nov. ‘07
  
• Transactions totaled 47, down 51.5% from Nov. ‘07
  
• Year to date dollars are $1,253,716,254, down 46% from last year, same time period
  
• Year to date transactions are 761, down 38.5% from last year, same time period
  
• The average single family price is up 12% from ’07 at $5,199,942
• The median single family price is up 27% with a year to date total of $4.506,000
  
• Nearly 30% of transactions took place in Aspen, 25.5% in Snowmass and 25.5% in Woody Creek
  
• Eight transactions were fractional units (4 Ritz, 3 St. Regis, 1 Hyatt)
  
• Year to date fractional sales are $44,416,985, 45% decrease from 2007
  
• Year to date fractional units total 201, a decrease of 26% from last year.

October 2008 Pitkin County Market Analysis
Courtesy of Land Title Guarantee Company

• October Dollars totaled $86,525,189 – a decrease of 53% from last year
  
• Transactions totaled 68 – a decrease of 50% from last year
  
• Year to date dollars are $1,188,925,591, down 46% from last year
  
• Year to date transactions are 714, down 37% from last year
  
• The average single family home price of $5,159,207 is up 11% from 2007
  
• The median single family home price of $4,100,000 is up 15% from 2007
  35% of October transactions took place in Aspen (Zone 1)
  
• 34% of transactions were interval units
  
• Fractional sales totaled $5.9 million , second only to May’s $7.4 million for the year
  
• Year to date, fractional sales total $42 million, down 44% from 2007
  
• Year to date, fractional units of 193 are down only 22% from 2007

September 2008 Pitkin County Market Analysis
Courtesy of Land Title Guarantee Company

• Dollar volume totaled $100,587,424 which is a decrease of 58% from Sept. 2007
  
• Transactions totaled 61, a decrease of 52% from Sept. 2007
  
• Year to date dollars are $1.102,400,402, down 46% from 2007 same time period
  
• Year to date transactions are 646, down 36% from 2007’s 1003
  
• Average residential price for September was $2.6 million
  
• Median residential price was $1.782 million
  
• 49% of the dollar volume took place in Aspen, reporting dollars of $49.5 million, and 33% of the transaction volume (20)
  
• 38% of the dollar volume took place in Snowmass Village, reporting dollars of $38.2 million and 30% of the transactions (18)
  
• Year to date fractional sales dollars of $36.1 million is down 45% from last year, same time period
  
• Year to date fractional transactions are down only 16% from last year with 170 vs. 203
  

September 2008 Garfield County Market Analysis
Courtesy of Land Title Guarantee Company

• September dollars totaled $55,872,200, a decrease of 40.7% from 07’s $94,217,300
  
• September transactions totaled 120, a decrease of 48.3% from 07’s 232
  
• Notable vacant land transactions for the month of September include: 2343 CR #112 $6.5million (Carbondale), Thunder River Ranch $1,950,000 (Parachute), South Canyon Ranch $1,400,000 (New Castle), High Aspen Ranch PUD $1,250,000 (Glenwood), and High Aspen Ranch PUD Lot 12 $995,000 (Glenwood).
  
• Glenwood Springs led the county in transactions this month with 32 (27% of the total)
  
• Carbondale led in dollars $20,528,800 (37% of the total)
  
• Year to date, the average Single Family Home Price is $452,651 and median is $376,750

July 2008 Highlights

• Dollars for the month of July were $124,468,744 down 23% from last July (this is the lowest month over month dollar decline year to date!)
  
• Transactions for July totaled 66 down 30% from July 07.
  
• Year to date dollars are $841,292,376, down 47%.
  
• Year to date transactions are 519, down 32%.
  
• Average residential sales price was $4,271,726 and median was $3,500,000.
  
• There were 12 Fractional sales in July, down 45% from last July.
  
• Fractional dollars for July were $2,751,700, down 57% from last July.
  
• Year to date fractional dollars are down 41% and $30,853.
  
• Year to date fractional units are down only 5%, with 144 vs. 151 in 07.

View Chart Showing Market Data from 2004 through August 2007

View Chart Showing Aspen Data for Years 2003 Through 2006

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