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Aspen Real Estate Market Reports 2010

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


Reports courtesy Land Title


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

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