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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
Pitkin County Total Property Transfers PDF, All Types 2004-2009
Garfield County Sales Volume PDF -- 2005 vs 2008
November 2011 Aspen (Pitkin County) Real Estate Market Report
compliments of Land Title Guarantee Company
* $124,204,186 - total dollars for the month, an increase of 4.87% from November 2010
* 57 - total transactions for the month, a decrease of 13.6% from November 2010
* $1,191,706,010 - total dollar volume through November, an increase of 4.75% from same time period 2010
* 700 - total transactions for the month, an increase of 12.5% from same time period 2010
* Both dollars and transactions continue to track ahead of 2010 Aspen posed 31 transactions ($105 million), Interval Units 11 ($3.5 million), Snowmass Village 7 ($7.7 million), Basalt 2 ($3.4 million), Woody Creek 1 ($3.2 million), Carbondale 1 ($850,000), Redstone 1 ($329,500), Old Snowmass 1 ($220,000). The remaining 2 transfers were quit claim deeds with doc fees totaling $32,000.
*Notable single family home sales for November include: $20.75 million - Ridge at Red Mountain, $16 million - Little Cloud, and $15 million - Ridge at Red Mountain. All three of these were new construction
* There were 2 bank sales in November totaling $1.98 million. This accounts for 3.5% of the transactions and 1.6% of the volume. Aspen - 1, Snowmass Village - 1
* Through November, there have been 47 bank sales totaling $32.3 million in Pitkin County. This accounts for 6.7% of the transactions and 2.7% of the dollars.
* The average single family home sold price through November totals $4,213,960, a decrease of 3% from full year 2010.
* The median single family home sold price through November is $2,837,500, a decrease of 11% from full year 2010.
* Fractional dollars for November total $3,455,350, a decrease of 13% from November 2010
* Fractional transactions for November total 11, a decrease of 27% from November 2010
Ritz Carlton - 4, St. Regis - 3, Hyatt Grand Aspen - 2, Residences at Little Nell - 1, and Sanctuary
* Through November, fractional dollars total $86,018,714, an increase of 9% from same time period 2010.
* Through November, fractional transactions total 199, an increase of 23% from same time period 2010
August 2011 Aspen (Pitkin County) Real Estate Market Report
compliments of Land Title Guarantee Company
- $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
- 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
June 2011 Aspen (Pitkin County) Real Estate Market Report
compliments of Land Title Guarantee Company
- $173,547,002 - total dollar volume, an increase of 50% from June 2010
- June is the strongest dollar month thus far in 2011
- Notable sales include: Silvertree Hotel PUD (Commercial) $38,750,000 and a residential unit in Snowmass Village for $16 million
- 66 - total transactions, an increase of 32% from June 2010
- Through June, dollars total $709,571,212 - an increase of 24% from same period 2010
- Through June, transactions total 389 - an increase of 13% from same time period 2010
- Aspen (Zone 1) reported 30 of the transactions, Interval units 13, Snowmass Village 11, Basalt 6, Woody Creek 1, Old Snowmass 1, Carbondale 1, and Redstone 1. The remaining 2 transfers were quit claim deed transfers.
- Aspen's dollar volume totaled nearly $82 million, Snowmass Village $79.3 million, Interval units $7.5 million, Basalt $2.4 million, Woody Creek $1 million, Old Snowmass $635,000, Carbondale $520,000, Redstone $145,000, the remaining $34,875 were quit clam transfers
- There were a total of 5 bank owned transactions in June. This accounts for 8% of the transactions and 2.4% of the dollars ( 2 - Snowmass Village, 1 - Aspen, 1 - Basalt, 1 - Interval Unit.)
- Through June there have been 36 bank owned transactions. This accounts for 9% of the transactions and 3% of the dollars
- The average single family home sold price for Pitkin County thus far in 2011 is $4.8 million, an increase of 10% from full year 2010
- The median single family home sold price for Pitkin County thus far in 2011 is $3.1 million, a decrease of 2% from full year 2010
- Fractional dollars totaled $7.5 million for the month, a decrease of 49% from June 2010
- Fractional transactions totaled 13, a decrease of 28% from June 2010 ( Little Nell - 4, Hyatt Grand Aspen - 3, Ritz Carlton - 2, St.Regis - 2, Roaring Fork Club Suites -1, Timbers Club -1)
- For the year, fractional dollars total $55.6 million, an increase of 2% from same time period 2010
March 2011 Aspen Real Estate Market Report
compliments of Land Title Guarantee Company
*$89,077,737 – total dollar volume, a decrease of 13.7% from March 2010
*68 total transactions – a decrease of 19% from March 2010
*
Year to date dollars total $289,131,493, an increase of 39% from same time period 2010
*
Year to date transactions total 196, an increase of 9.5%
*
Aspen reported the most activity with 28 transactions, Interval units 17, Snowmass Village 15, Basalt 3, Old Snowmass 3, Woody Creek 1, and Carbondale 1
*
Aspen reported the highest dollar volume with $58.7 million, Snowmass Village $18.7 million, Intervals $4.6 million, Old Snowmass $4.2 million, Carbondale $985,000, and Woody Creek $212,368
*
Bank sales are on the rise in Pitkin County, with a reported 12 for the month totaling $9.9 million. This accounts for 18% of the transactions and 11% of the dollars. Bank sales: 5 – Aspen, 3 – Snowmass Village, 2 – Basalt, 1- Old Snowmass, 1 - fractional
*
Average single family home sold price through March is $4,611,723, an increase of 6% from full year 2010
*
Median single family home sold price through March is $3,087,500, a decrease of 3% from full year 2010
*Fractional dollars totaled $4.6 million, an increase of 74% from March 2010
*Fractional transactions totaled 17, an increase of 21% from March 2010
*The Ritz @ Highlands posted 6 fractional transactions, Hyatt Grand Aspen 3, Innsbruck, Residences at Snowmass Club, and Timbers each reported 2, while Prospector and Residences at Little Nell each reported 1
*Through March, fractional dollars total $19,119,554, an increase of 3% from same time period 2010
*Through March, transactions total 71, an increase of 92% from same time period 2010
February 2011 Aspen Real Estate Market Report
compliments of Land Title Guarantee Company
* $115,915,853 – total dollars for the month – an increase of 136% from February 2010
* 50 – total transactions for the month – an increase of 8.7% from February 2010
* Year to date dollars total $200,053,756 – an increase of 91.5% from same time period 2010
* Year to date transactions total 128 – an increase of approximately 35% from same time period 2010
* Aspen led in transactions with 19, Interval Units followed with 13, Snowmass Village 8, Woody Creek and Old Snowmass each posted 4, and Basalt 2
* Aspen also led in dollar volume with $97.5 million, Snowmass Village followed with $9 million, Intervals $4.4 million, Old Snowmass $3.4 million, Woody Creek $871,481, and Basalt $730,000
* Of the 50 transactions for the month, 3 were flagged as bank sales totaling $1.1 million, this accounts for less than 1% of both transaction and dollar volume
* Year to date, there have been 8 sales flagged as bank sales, totaling $4.7 million, this accounts for less than 1% of the transactions and 2.3% of the dollars
* Included in this month’s totals are some notable residential sales, all in Aspen (Zone 1)
--- $20 million – Aspen Electric Subdivision, $19.5 million -- Starwood, $16 million --Metes & Bounds on Star Mesa Road, and $13 million – Skyview PUD.
* The average single family home sold price in Pitkin County through February totals $5.57 million, an increase of 28% from full year 2010
* The median single family home sold price in Pitkin County through February totals $2.55 million, a decrease of 20% from full year 2010
* Fractional dollars for February totaled $4.4 million, a decrease of 57% from February 2010
* Fractional transactions for February totaled 13, which was the same as February 2010
* Year to date fractional activity totals $14.5 million, a decrease of 9% from same time period 2010
* Year to date transaction activity totals 54, an increase of 135% from same time period 2010
June 2010 Aspen Real Estate Market Report
* $115,390,224 – total dollar volume, an increase of 81% from June 2009 – and the second highest dollar volume month this year.
* 50 – total transactions, an increase of 6.4% from June 2009.
* Mid Year dollars total $573.8 million – up nearly 22% from the same time period in 2009.
* Mid Year transactions total 344 – increase of approximately 4% from same time period 2009.
* Aspen had 18 transactions ($82 million), Interval Units accounted 18 transactions ($14.8 million), Snowmass Village - 8 transactions ($14.5 million), Redstone - 2 transactions ($1.1 million), Carbondale -1 transaction ($1.9 million), Old Snowmass – 1 transaction ($650,000), Basalt – 1 transaction ($220,000), and Woody Creek – 1 ($4,470)
* There was one sale in the month that listed a bank as the Grantor for $4 million. This was in the Meadowood Subdivision in Aspen. This represents approximately 3.5% of the dollar volume for the month.
* YTD, there have been 4 bank sales in Pitkin County totaling $5.6 million, this represents for less than 1% of the gross dollar volume
* The average single family home sold price through June is $4.4 million, a decrease of 10% from full year 2009
* The median single family home sold price is $4.1 million, an increase of 30% from full year 2009
* Fractional dollar volume for the month of June totaled $14.8 million up 138% from last June
* Fractional transactions totaled 18, an increase of 20% from June 2009
* Through June, dollar volume totals $52.3 million, a decrease of 63% from mid-year 2009
* Through June, transaction activity totals 89, a decrease of 45% from mid-year 2009
* The fractional activity in June was heavily attributed to the Residences at Little Nell with a total of 9 transactions and $13 million, Hyatt Grand Aspen had 4 and $566,000, Ritz Carlton had 3 – totaling $397,000, and St. Regis had 2 totaling $685,000
May 2010 Aspen Real Estate Market Report
* $81,899,335 – total dollar volume – an increase of 27% from May 2009
* 44 – total transactions – a decrease of 2% from May 2009
* Year to date through May, dollar volume totals $458,426,532, an increase of 12.45% from same timeframe of 2009
* YTD through May, transaction totals 294, an increase of 3.52% from same time period 2009
* 21 transactions and $52.8 million took place in Aspen, 14 transactions and $8.6 million were interval units, 8 transactions and $17.9 million were in Snowmass, and 1 transaction for $2.7 million took place in Old Snowmass
* There was one sale for the month in Pitkin County (Aspen) where a bank was listed as a grantor totaling $750,000, accounting for less than 1% of the total volume
* For the year, there have been a total of 3 bank owned sales in Pitkin County, totaling $1.6 million, .35% of the total volume
* The average single family sold price through May is $4.136 million, a decrease of 16% from full year 2009
* The median single family sold price through May is $4.1 million, an increase of 30% from full year 2009
* Fractional activity for the month totaled $8.6 million, an increase of 10% over May 2009
* Fractional transactions totaled 14, a decrease of 18% from May 2009
* YTD through May, fractional dollars total $37.5 million, a decrease of 72% from same time period 2009
* YTD through May, fractional transactions total 71, a decrease of 52% from same time period 2009
April 2010 Aspen Real Estate Market Report
* $168,793,594 - total dollar volume, up 128% from April 2009
* Included in the total dollar volume was a notable commercial transaction of $37.9 million in Aspen (The Limelite Lodge)
* 71 - total transactions, up 54% from April 2009
* Year to date, through April, total dollar volume $376,527,197, up 9.7% from same time period last year
* Year to date transactions total 250, up 4.6% from same time period last year
* Aspen reported the highest number of transactions with 31, there were 20 interval units, Snowmass Village 10, Basalt and Old Snowmass each
reported 3, Carbondale and Redstone reported 2 each as well
* Aspen dollar volume totaled $136.8 million, Snowmass Village $12.6 million, Interval units $10.2 million, Old Snowmass $5.9 million, Redstone $1.3 million, Basalt $1 million, and Carbondale $820,000
* There were no sales bank sales in Pitkin County in the month of April, there have only been 2 recorded thus far in 2010
* The average single family home sold price through April is $4,078,773, a decrease of 17% from full year 2009
* The median single family home sold price though April is $3,550,000, an increase of 13% from full year 2009
* Fractional activity showed a nice increase in dollar volume for the month with $10,248,962 reported, up 91% from April 2009
* There were 20 fractional transactions, an increase of 18% from April 2009
* 6 at the Little Nell, 5 at the Hyatt, 2 each at the Ritz, Sanctuary, and Snowmass Club, and 1 each at Roaring Fork Club, Shadow Mountain Lodge, and Timbers Club
* Through April, fractional dollars total $28.9 million, a decrease of 77% from same time period 2009
* Through April, fractional transactions total 57, which is a decrease of 56% from the same time period 2009
January 2010 Aspen Real Estate Market Report
* Total dollar volume $55,349,360, a decrease of 52% from January 2009’s total of $115,936,999
* Total transactions 49, a decrease of 37% from January 2009’s total of 78
--- Please note that January 2009 included 41 sales at the Residences at the Little Nell which totaled $64 million in dollar volume
* Aspen led the county with 20 transactions, followed by Snowmass with 10, there were 10 interval sales, Woody Creek reported 4, Carbondale 2, and Basalt and Redstone each had 1. There was also 1 quit claim deed with a doc fee recorded, which rounds out the total of 49 transactions.
* Aspen also led in dollar volume with $29 million, Snowmass followed with $10 million, Intervals totaled $5.7 million, Woody Creek totaled $5.7 million, Carbondale $1.1 million, and Redstone $585,000. The remaining $3.1 million was a quit claim transfer.
* Interval sales and the Woody Creek area both reported increases in transactions and dollar volume over December 2009
*Snowmass reported an increase in dollar volume, but a decrease in transactions
*The average single family home sold price for January totaled $2.2 million, this is a decrease of 55% from the full year 2009 total of $4.9 million
*The median single family home sold price for January totaled $2.1 million, this is a decrease of 33% from the full year 2009 total of $3.2 million
--- Please keep in mind that above is comparing 9 single family sales thus far in 2010 to full year 2009
* Interval dollar volume for January totaled $5.7 million, a decrease of 91% from January 2009
--- Interval transactions for January totaled 10, a decrease of 79% from January 2009
* Again, most of the dollar volume in January 2009 was attributed to the Residences at the Little Nell sales
--- The 10 interval transactions were as follows: Ritz Carlton – 4, Little Nell – 3, Hyatt, Dancing Bear, and Sanctuary each reported 1
* There were 2 sales in Pitkin County that listed a bank as the grantor – 1 in Aspen Zone 1, and 1 Interval unit
2009 Year End Summary
Pitkin County reported the highest gross volume of the 5 county area that Land Title tracks (Pitkin, Eagle, Routt, Summit, and Garfield), and the lowest percentage decline of the five from 2008!
* $81,241,755 total dollars for December, down 27.5% from December 2008.
* 60 total transactions for December, down 10.5% from December 2008.
* 2009 total dollar volume came in at $1,072,548,228, down 21.5% from 2008.
* 2009 total transactions were 702, down 15% from 2008.
* Interval sales were down significantly in the month of December, with only 6 reported, that was a decrease of 78% from December 2008.
* Interval dollars were also down in December, to $2.5 million, a decrease of 59% from December 2008.
* For the year, interval dollars came in at $182 million, up 260% from 2008’s year end total.
* For 2009, interval transactions totaled 272, which is an increase of 19% over 2008.
* Aspen, Basalt, and Old Snowmass all reported transaction increases over November 2009.
* Aspen led the county with 27 transactions in December, followed by Snowmass Village with 15, Basalt 7, Intervals 6, and Woody Creek 1.
* For the year, Aspen led with 277, Intervals followed with 272, Snowmass 85, Basalt 28, Old Snowmass 19, Woody Creek 10, Redstone 8, Carbondale 1, the remaining 2 were quit claims with doc fees.
* December dollar volume was up from November for the county over all, as were Aspen and Old Snowmass.
* Aspen reported $61 million in December, Old Snowmass $10 million, Snowmass Village $4.2 million, Basalt $2.55 million, Intervals $2.5 million, and Woody Creek $280,000.
* For the year, Aspen reported 64% of the dollars with $685 million, Intervals followed with $182 million (17%), Snowmass Village $112 million (10%), Old Snowmass $31 million (3%), Basalt $30.5 million (2.8%), Woody Creek $28.6 million (2.7%), Redstone $2.7 million (.25%), Carbondale $470,000 (.04%).
* The 2009 average single family home sold price for Pitkin County, came in at $4.9 million, which is down overall 4% from 2008’s year end total.
(Please note many of the individual areas within Pitkin County have declined greater than 4%).
* The 2009 median single family home sold price for Pitkin County totaled $3.153 million, this is a decrease of 23% from 2008’s median.
November 2009 Pitkin County Market Analysis
Courtesy of Land Title Guarantee Company
The gap is closing…..yet another month of increases over 2008 in both dollar volume and transactions!!!!
- $81,433,876 - total dollar volume, up 26% from November 2008
- 72 total transactions, up 15% from November 2008
- Dollars through November total $991,306,473, down 21% from same time period 2008
- Transactions through November total 642, down 16% from same time period 2008
- Transaction breakdown: Aspen – 24 (33%), Snowmass Village – 21 (29%), Interval units (28%) – 20, Basalt – 4 (6%), Old Snowmass – 1 (1%), and Woody Creek – 1 (1%)
- Fractional dollars for November total $5,494,824, up 131% from November 2008
- Fractional units totaled 20, up 150% from November 2008
-- Hyatt Grand Aspen – 9, St. Regis – 3, Ritz Carlton Aspen Highlands – 2, Timbers Club – 2, Dancing Bear Lodge -1, Residences at Little Nell – 1, Residences at Snowmass Club - 1 - For the year, fractional dollars total $179,363,479 – up 304% from the same time period of 2008
- For the year, fractional units total 266 – up 32% from same time period 2008
- Through November, the average single family home price is down 4% to $4,894,394 – see page 3 of the PDF for average price by area of Pitkin County
- Through November, the median single family home price is down 21% to $3,250,000 – see page 3 of PDF for median price by area of Pitkin County
It is important to note that average and median prices compare full year 2008 sold data to year to date sold data derived from county records, not MLS data.
October 2009 Pitkin County Market Analysis
Courtesy of Land Title Guarantee Company
Another month posting increases from 2008 in both dollar volume and transactions!!!
- $126,613,840 in total dollar volume, up 46% from October 2008
- 78 total transactions, up 15% from October 2008
- 78 transactions ties January for the strongest transaction month of 2009
- Dollars through October total $909,872,597, down 23% from same time period 2008
- Transactions through October total 570, down 20% from same time period 2008
- Aspen reported 33 transactions (42%), Interval units totaled 31 (40%), Snowmass Village and Basalt each reported 5 (6%), Old Snowmass 2 (3%), Redstone and Woody Creek each reported 1 (1%)
- Fractional dollars for October totaled $11,935,410 up 101% from October 2008
- Fractional units for September totaled 31, up 35% from October 2008
o Hyatt Grand Aspen – 17, Residences at Little Nell - 5, Ritz at Highlands – 4, Roaring Fork Club & Timbers – 2, Dancing Bear - 1
- For the year, fractional dollars total $173,868,655 up 314% from last year, same time period
- For the year, fractional units total 246, up 27% from 2008
- Through October, the average single family sold price is down 3% to $4,961,936 – see page 4 for detail by area of Pitkin County
- Through October, the median single family sold price is down 7% to $3,800,000 – see page 4 for detail by area of Pitkin County
- It is important to note that average and median prices compare full year 2008 sold data to year to date 2009 sold data derived from county records, not MLS data
September 2009 Pitkin County Market Analysis
Courtesy of Land Title Guarantee Company
- September is the first month of the year to post increases in both dollars and transactions from 2008!
- $128,180,662 in total dollar volume, up 27% from September 2008!
- 74 total transactions, up 21% from September 2008!
- Dollars through September total $783,258,757, down 29% from same time period 2008
- Transactions through September total 492, down 24% from same time period 2008
- Aspen reported 44 transactions (59%), Interval units totaled 18 (24%), Snowmass reported 6 (8%), Basalt 3 (4%), Old Snowmass 2 (3%), Redstone 1 (1%)
- Fractional dollars for September totaled $3,335,855, 4% from September 2008 (this is the first month of 2009 to show a decrease)
- Fractional units for September totaled 18, up 6% from September 2008
o Hyatt Grand Aspen – 13, Roaring Fork Club Suites – 3, St. Regis & Residences at Snowmass Club – 1
- For the year, fractional dollars total $161,933,245, up 348% from last year, same time period
- For the year, fractional units total 215, up 26% from 2008
- Through September, the average single family sold price is down 3% to $4,981,740 – see page 4 for detail by area of Pitkin County
- Through September, the median single family sold price is down 13% to $1,256,950 – see page 4 for detail by area of Pitkin County
- It is important to note that average and median prices compare full year 2008 sold data to year to date 2009 sold data derived from county records, not MLS data
August 2009 Pitkin County Market Analysis
Courtesy of Land Title Guarantee Company
- $56,984,673 in total dollar volume, down 55% from July’s total of $126,622,273 (July’s total included a $43 million sale)
- 44 total transactions for the month, very consistent with the numbers of the last 6 months
- Dollars through August total $655,078,095, down 34.6% from the same period in 2008
- Transactions to date total 418, down 28.6% from the same time in 2008
- Aspen reported 17 transactions (38.6%), Interval units totaled 16 (36%), Snowmass totaled 6 (13.6%), Basalt 2 (4.5%), Old Snowmass and
Redstone each reported 1 (2%)
- Fractional dollars for August totaled $8,656,950, up 382% from August 08
- Fractional units totaled 16, up 78% from August 2008
Ritz at Aspen Highlands–6
Residences at Little Nell– 5
Hyatt Grand Aspen – 3
Roaring Fork Club – 1
Timbers Club – 1
- For the year, fractional dollars total $158,597,390, up 386% from the same time last year
- For the year, fractional units total 197, up 29% from the same time last year
- Through the month of August, the average single family home sold price is down 1% from 2008 to $5,059,475
- Through August, the median single family home sold price is down 7% from last year to $3,824,35
It is important to note that average and median prices compare full year 2008 sold data to year to date 2009 sold data derived from county records, not MLS data
(Please refer to PDF for details.)
July 2009 Pitkin County Market Analysis
Courtesy of Land Title Guarantee Company
- $126,622,273 in total dollar volume – this is the only month in 2009 that has reported an increase over 2008 (up 1.73% from July 2009)!!!
- Incorporated in the total dollars was one notable sale of $43 Million (reflected in Zone 1 Aspen)
- 43 total transactions for the month down 34.8% from July 2008
- Dollars to date total $598,093,422, down 28.9% from 2008 same time period
- Transactions to date total 374, down 27.8% from 2008 same time periodAspen reported 18 transactions (42%), Interval units totaled 18 (42%), Redstone and Basalt each reported 2 (4.7%), and Snowmass, Woody Creek, and Old Snowmass each reported 1 (2.3%)
- Fractional dollars for July totaled $10,468,052, up significantly (280%) over July 2008
- Fractional units totaled 18, up 50% from July 2008
-- Residences at Little Nell -6, Hyatt Grand – 4, Ritz at Highlands – 3, Sanctuary & Timbers – 2, and Dancing Bear – 1 - For the year, fractional dollars total $149,940,440 – up 386% from last year
- For the year, fractional units total 181, up 26% from last year
- The year to date average single family home sold price in Pitkin County is $5.3 million, up 4% over last year (bear in mind that the $43 million dollar sale is now included in this)
- The year to date median single family home sold price in Pitkin County is $3.8 million, down 6% from last year
- **It is important to note that average and median prices compare full year 2008 sold data to year to date 2009 sold data derived from county records, not MLS data.
June 2009 Pitkin County Market Analysis
Courtesy of Land Title Guarantee Company
- Transactions totaled 47 for the month, up 2 (4%) from May’s total of 45
- Dollars totaled $63,784,489, down 1% from May’s total
- For the year, there have been 331 total transactions, down 27% from the same time period last year
- For the year, dollars total $471,471,149, down 34% from the same time period last year
- Pitkin County continues to show the lowest decrease year over year out of Land Titles 5 county reporting area (Eagle, Garfield, Summit, Routt, & Pitkin)
Aspen reported 20 transactions (43%), Interval units totaled 15 (32%), Snowmass Village totaled 6 (13%), Woody Creek and Old Snowmass each posted 2 (4%), and Basalt and Carbondale each reported 1 (2%) - Fractional sales totaled $6,220,500 for June and transactions totaled 15
-- Hyatt Grand Aspen led with 7, Little Nell -4, Ritz –Aspen Highlands – 3, St. Regis – 1 - For the year, fractional dollars total $139,472,388, up 396% from last year, same time period
- Year to date fractional transactions are 163, up 23% from last year, same time period
- The average single family home sold price is down 13% overall to $4,460,140 (as compared to full year 2008)
-- Aspen is reporting a decrease of 13%
-- Snowmass is reporting down 21%
-- Woody Creek, down 73%
-- Old Snowmass, down 67%
-- Basalt, down 58%
-- Carbondale, down 38%
- The median single family home sold price is up 2% to $4,175,000 (as compared to full year 2008)
-- Aspen is down 18% to $4,771,000
-- Snowmass is up 14% to $4,675,000
+ Please note that there are areas within Pitkin County where there is not enough activity to establish a true median – this is specified on page 3 of the PDF
** It is important to note that average and median prices compare full year 2008 sold data to year to date 2009 sold data.
March 2009 Pitkin County Market Analysis
Courtesy of Land Title Guarantee Company
- Total dollars were $46,906,531, a decrease of 53% from 2008
- Total transactions were 41, a decrease of 14.6% from 2008
- Year to date dollars are $269,199,736, down 24.8% from 2008
- Year to date transactions are 193, which is a decrease of 7%
- Of the 41 transactions, 23 were fractional, 11 were in Aspen, 4 were in Snowmass, 2 were in Woody Creek, and 1 was in Old Snowmass
- Fractional sales continue to be strong representing 56% of the March transactions
- Year to date fractional transactions account for 59% of the total
- Residences at Little Nell had 8 transactions, Hyatt had 5, Ritz had 3, Dancing Bear had 3, and Prospector, Roaring Fork Club Suites, and Residences at Snowmass Club each had 1
- Compared to 2008, fractional dollars are up 889% at $120,076,988 and transactions are up 84% to 114
- The average single family home price for Pitkin County is down 2% from 2008 at $5,025,843
- The median single family home price is up 21% to $4,950,000 over 2008
- Multi family and residential land average and median prices are all up from 2008
February 2009 Pitkin County Market Analysis
Courtesy of Land Title Guarantee Company
- Transactions totaled 74, UP 19.35% from February 2008’s total of 62
- Dollar volume totaled $106,356,206, down 19% from February 2008
- Year to date transactions have totaled 152, down 5% from same period of 2008
- Year to date dollars are $222,293,205, down 14% from 2008
- The average single family home price is down 4% from 2008 at $4.9 million
- The median single family home price is up 21% from 2008 at $4.95 million
- Of the 74 transactions, 44 were Fractional units (nearly 60%)
- Fractional dollars totaled $41,155,838 up 1106% from last Feb
- Fractional units of 44 was an increase of 193% over last Feb
- Fractional unit sales have an average price of $1,165,110 year to date
- Median price was fractional units is $1,200,000
- February included 22 Dancing Bear transactions and 18 Residences at Little Nell
- The remaining transactions were 5 single family, 14 multi family, and 3 vacant land
January 2009 Pitkin County Market Analysis
Courtesy of Land Title Guarantee Company
- Pitkin County reported the best month in the 5 county area (including Routt, Summit, Garfield, Eagle counties!)
- Total transactions for Pitkin County in January were 78, this is a decrease of only 20% from 2008.
- Dollars totaled $115,936,999, down only 8.85% from January 2008.
- 41 of the transactions took place at the Residences at the Little Nell, accounting for $64,030,000 in dollars.
- 25 transactions (32%) were in Aspen, 4 (5%) were in Snowmass, and 2 (2.5%) were in Woody Creek.
- 47 transactions were interval units, representing 60% of the total (41 being Little Nell).
- Interval sales were up 1156% in dollars from $5,166,600 in 2008 to $64,869,150.
- Interval transactions were up 57%, from 30 in 2008 to 47 in 2009.
- Average single family home price for 2009 is $5,652,528 up 10% from 2008 (full year).
- Median single family home price is $6,237,500, up 52% from 2008 (full year).
View Chart Showing Market Data from 2004 through August 2007
View Chart Showing Aspen Data for Years 2003 Through 2006
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