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Aspen Real Estate Market Reports 2012

Pitkin County Summary — November 2012

– $70,112,013 – total dollars for November, a decrease of 44% from November 2011

– 65 – total transactions for November, an increase of 14% from November 2011

– There were few upper-end home sales in November, which contributed to the reduced dollar volume for the month

– Through November, dollars total $1,222,651,147, an increase of 2.5% from same time period last year

– Through November, transactions total 659, a decrease of 6% from same time period last year

– Aspen posted 25 transactions ($48.7 million), Snowmass Village 19 ($9.7 million), Interval Units 9 ($910,000), Basalt 5 ($2.1 million), Woody Creek 3 ($7.4 million), Redstone 2 ($667,000), Old Snowmass 1 ($360,000), and Carbondale 1 ($339,000)

– There were 5 bank sales in November totaling $1.4 million. This accounted for 2% of the total volume and 8% of the transactions

– Bank Sale breakdown: 3 Snowmass (Zone 2), 1 Old Snowmass (Zone 4) and 1 Interval Unit

– Through November, there have been a total of 41 bank sales totaling $36 million. This accounts for 3% of the total dollar volume and 6% of the transactions

– The average single family home sold price through November is $3,932,234, a decrease of 4% from full year 2011

– The median single family home sold price through November is $2,687,500, an decrease of 4% from full year 2011

– Interval dollar volume for November was down 74% from November 2011, with a total of $910,000

– Interval transaction volume for November was down 18% from November 2011, with a total of 9

– The decreased activity in interval sales for November also contributed to the reduced dollar volume for the month

– Interval transaction breakdown for November: Hyatt Grand Aspen – 6, Innsbruck – 1, Ritz Carlton – 1, and Prospector – 1

– Through November, interval dollar volume is down 41% from same period 2011 with a total of $50,998,019

– Through November, there have been 132 interval transactions, a decrease of 34% from same time period 2011


Reports courtesy Land Title


Pitkin County Summary — September 2012
courtesy of Land Title

– $232,414,305 – total dollars for September, an increase of 69% from September 2011

– Included in the September dollar volume is a $90 million quit claim transfer in Snowmass Village

– 76 – total transactions for September, a decrease of 12% from September 2011

– September represents the strongest month thus far in 2012 for both dollar and transaction volume

– Through September, dollars total $1,010,257,240, an increase of 3.4% from same time period last year

– Through September, transactions total 517, a decrease of 11.5% from same time period last year

– Aspen posted 39 transactions ($108.3 million), Interval Units 21 ($14.7 million), Basalt 7 ($12 million), Woody Creek 5 ($5.1 million), Old Snowmass 1 ($1.4 million), Carbondale 1 ($426,000), and Snowmass Village 1 ($420,000). As noted above, the remaining transaction was a quit clam transfer totaling $90 million.

– There were 2 bank sales in September totaling $1.4 million. This accounted for .6% of the total volume and 2.6% of the transactions

– Bank Sale breakdown: 1 – Basalt (Zone 5) and 1 Woody Creek (Zone 3)

– Through September, there have been a total of 29 bank sales totaling $31.3 million. This accounts for 3.1% of the total dollar volume and 5.6% of the transactions

– The average single family home sold price through September is $4,052,664, a decrease of 1% from full year 2011

– The median single family home sold price through September is $2,675,000, a decrease of 4% from full year 2011

– Interval dollar volume for September was up 68% from September 2011, with a total of $14,749,000. This is the strongest interval dollar volume month since April of 2011

– Interval transaction volume for September was down 13% from September 2011, with a total of 21. However, this is the strongest interval transaction month since last September

– Interval transaction breakdown for September: Residences at Little Nell – 8, Roaring Fork Club Suites – 4, Roaring Fork Club PUD – 2, Prospector – 2, Dancing Bear Aspen – 1, Ritz Carlton – 1, St. Regis – 1, Hyatt – 1, and Timbers – 1

– Through September, interval dollar volume is down 40% from same period 2011 with a total of $45,716,269

– Through September, there have been 106 interval transactions, a decrease of 39% from same time period 2011


Pitkin County Summary — August 2012
courtesy of Land Title

– $105,496,731 – total dollars for August, an increase of 17% from August 2011

– 60 – total transactions for August, a decrease of 9% from August 2011

– Through August, dollars total $777,842,935 a decrease of 7% from same time period last year

– Through August, transactions total 441, a decrease of 11.5% from same time period last year

– Aspen posted 30 transactions ($81.5 million), Interval Units 9 ($2.7 million), Snowmass Village 7 ($9.8 millon), Woody Creek 6 ($7.16 million), Basalt 5 ($3.4 million), Carbondale 2 ($544,900), and Redstone 1 ($350,000).

– There were 2 bank sales in August totaling $1.9 million. This accounted for 1.8% of the total volume and 3% of the transactions

– Through August, there have been a total of 27 bank sales totaling $29.8 million. This accounts for 3.8% of the total dollar volume and 6% of the transactions
Bank Sale breakdown: 1 – Aspen (Zone1) and 1 – Carbondale (Zone 6)

– The average single family home sold price through August is $4,160,733, an increase of 1% from full year 2011

– The median single family home sold price through August is $2,750,000, a decrease of 1% from full year 2011

– Interval dollar volume for August was down 56% from August 2011, with a total of $2,717,964

– Interval transaction volume for August was down 47% from August 2011, with a total of 9

– Interval transaction breakdown for August: Ritz Carlton – 3, Hyatt – 3, Residences at Little Nell – 1, Roaring Fork Club (PUD) – 1, and Shadow Mountain Lodge – 1

– Through August, interval dollar volume is down 54% from same period 2011 with a total of $30,967,269

– Through August, there have been 85 interval transactions, a decrease of 44% from same time period 2011 Pitkin County Summary — July 2012
courtesy of Land Title

– $78,740,126 – total dollars for July, an increase of nearly 100% from July 2011

– 47 – total transactions for July, an increase of 9% from July 2011

– Through July, dollars total $672,346,204 a decrease of 10% from same time period last year

– Through July, transactions total 381, a decrease of 12% from same time period last year

– Aspen posted 19 transactions ($51.1 million), Snowmass Village 11 ($18.2 million), Interval Units 9 ($1.5 millon), Basalt 5 ($2.17 million), and Old Snowmass 2 ($4.6 million). There was one quit claim transfer with a doc fee totaling $1.13 million.

– There was one notable sale for the month, totaling $21 million in Heatherbed Lodge Subdivision

– There were 5 bank sales in July totaling $13.1 million. This accounted for 17% of the total volume and 11% of the transactions

– Through July, there have been a total of 25 bank sales toaling $27.9 million. This accounts for 4.2% of the total dollar volume and 6.6% of the transactions

– Bank Sale breakdown: 2 – Snowmass Village, 2 – Basalt, and 1 – Aspen

– The average single family home sold price through July is $4,227,958, an increase of 3% from full year 2011

– The median single family home sold price through July is $2,800,000, which is nearly even with full year 2011

– Interval dollar volume for July was down 71% from July 2011, with a total of $1,513,500

– Interval transaction volume for July was down 18% from July 2011, with a total of 9

– Interval transaction breakdown for July: Ritz Carlton – 2, Hyatt – 2, Residences at Snowmass Club – 2, Dancing Bear Aspen – 1, Innsbruck – 1, and Roaring Fork Club Suites – 1

– Through July, interval dollar volume is down 54% from same period 2011 with a total of $28,249,305. Through July, there have been 76 interval transactions, a decrease of 43% from same time period 2011


Pitkin County Summary — June 2012
courtesy of Land Title

– $147,102,867 – total dollars for June, a decrease of 15% from June 2011

– 64 – total transactions for June, an decrease of 3% from June 2011

– June was the strongest month thus far in 2012 in both dollars and transactions

– Included in June’s numbers was a $41 million sale in Starwood Ranch

– Through June, dollars total $593,606,078, a decrease of 16% from same time period last year

– Through June, transactions total 334, a decrease of 14% from same time period last year

– Aspen posted 28 transactions ($101.7 million), Interval Units 12 ($5.4 million), Snowmass Village 9 ($9 million), Woody Creek 5 ($16.7 million), Basalt 4 ($5.8 million), Old Snowmass 2 ($5 million), and Redstone 1 ($300,000). Also included in the month’s totals were 3 quit claim transfers totaling $3.3 million.

– There were 2 bank sales (bank as the grantor) for the month, totaling $3.05 million. This accounted for 3% of the transactions and 2% of the dollars.

– Both bank sales were in Aspen Zone 1

– Through June, there have been 20 bank sales, totaling $14.9 million. This accounts for 6% of the transactions and 2.5% of the dollars

– The average single family home sold price through June is $4,231,643, an increase of 3% from full year 2011

– The median single family home sold price through June is $2,800,000, which is nearly even with full year 2011

– Interval dollar volume for June was down 28% from June 2011, with a total of $5,438,405

– Interval transaction volume for June was down 8% from June 2011, with a total of 12

– Interval transaction breakdown for June: St. Regis – 4, Ritz Carlton – 3, Roaring Fork Club PUD – 2, Residences at Little Nell -1, and Roaring Fork Club Suites -1

– Through June, interval dollar volume is down 52% from same period 2011 with a total of $26,735,805

– Through June, there have been 67 interval transactions, a decrease of 46% from same time period 2011

Pitkin County Summary — May 2012
courtesy of Land Title

– $100,619,347 – total dollars for May, a decrease of 21% from May 2011

– 57 total transactions for May, an increase of 5.6% from May 2011

– May is the second strongest transaction month thus far in 2012

– Through May, dollars total $446,503,211 a decrease of 17% from same time period last year

– Through May, transactions total 270, a decrease of 16% from same time period last year

– Aspen posted 34 transactions ($81.5 million), Interval Units 12 ($8.2 million), Woody Creek 4 ($6.1 million), Snowmass Village 4 ($4.1 million), Basalt 2 ($556,327), and Redstone 1 ($246,800)

– There were 3 bank sales (bank as the grantor) for the month, totaling $1 million. This accounted for 5% of the transactions and 1% of the dollars.
1 – Snowmass Village, 1 – Redstone, 1 – Interval Unit

– Through May, there have been 18 bank sales, totaling $11.8 million. This accounts for 6.6% of the transactions and 2.6% of the dollars

– The average single family home sold price through May is $3,803,995 a decrease of 7% from full year 2011

The median single family home sold price through May is $3,275,000 an increase of 17% from full year 2011

– Interval dollar volume for May was up 21%% from May 2011, with a total of $8,157,000

– Interval transaction volume for May was down 20% from May 2011, with a total of 12

– Interval transaction breakdown for May: Residence at The Little Nell – 4, Ritz Carlton – 2, Timbers – 2, Hyatt Grand -1, Roaring Fork Club PUD – 1, Prospector -1, and Sanctuary -1

– Through May, interval dollar volume is down 56% from same period 2011 with a total of $21,297,400

– Through May, there have been 55 interval transactions, a decrease of 50% from same time period 2011


Pitkin County Summary — April 2012
courtesy of Land Title

– $99,180,781 – total dollars for April, a decrease of 17% from April 2011 – April represents the second highest dollar month for the year. Second only to March, which included the Dancing Bear sale of $24.2 million

– 64 – total transactions for April, a decrease of 12% from April 2011

– The April transaction total is the strongest month thus far in 2012

– Through April, dollars total $345,883,864, a decrease of 15% from same time period last year

– Through April, transactions total 213, a decrease of 21% from same time period last year

– Aspen posted 28 transactions ($57.1 million), Snowmass Village 17 ($20.5 million), Interval Units 11 ($1.8 million), Woody Creek 3 ($12.6 million), Basalt 2 ($1 million), Old Snowmass 1 ($5.8 million), Carbondale 1 ($435,000). The remaining transaction was a quit claim transfer with a doc. fee, totaling $7,000.

– There were 2 bank sales (bank as the grantor) for the month, totaling $477,500. This accounted for 3% of the transactions and .5% of the dollars. Both were in Snowmass Village.

– Through April, there have been 15 bank sales, totaling $10.7 million. This accounts for 7% of the transactions and 3% of the dollars

– The average single family home sold price through April is $3,679,188 a decrease of 10% from full year 2011

– The median single family home sold price through April is $3,275,000 an increase of 17% from full year 2011

– Interval dollar volume for April was down 92% from April 2011, with a total of $1,821,000

– Interval transaction volume for April was down 54% from April 2011, with a total of 11

– Interval transaction breakdown for April: Hyatt Grand Aspen – 6, Ritz Carlton – 2, Timbers – 2, and Roaring Fork Club – 1

– Through April, interval dollar volume is down 68% from same period 2011 with a total of $13,140,400

– Through April, there have been 43 interval transactions, a decrease of 55% from same time period 2011


Pitkin County Real Estate Market – February 2012
courtesy of Land Title

$45,363,729 – total dollars for February, a decrease of 61% from February 2011

46 – total transactions for February, a decrease of 8% from February 2011

Through February, dollars total $142,017,044, a decrease of 29% from same time period last year

Through February, transactions total 101, a decrease of 21% from same time period last year

Aspen posted 22 transactions ($27.7 million), Interval units 12 ($4.6 million), Basalt 5 ($1.98 million), Snowmass Village 4 ($10.5 million), and Woody Creek 1 ($212,368). The remaining transaction was a quit claim transfer with a doc fee ($8,000).

There were 4 bank sales (bank as the grantor) for the month, totaling $1.24 million. This accounted for 9% of the transactions and 3% of the dollars; (Aspen – 2 & Basalt – 2)

Through February, there have been 8 bank sales for the month, totaling $2.96 million. This accounts for 8% of the transactions and 2 % of the dollars

The most notable sale for February was a single family residence in Enclave Aspen totaling $5.475 million (**note – the Dancing Bear sale will be reflected in March numbers**)

The average single family home sold price through February is $3,247,683, a decrease of 21% from full year 2011

The median single family home sold price through February is $3,112,500, an increase of 12% from full year 2011

Interval dollar volume for February was up 5% from February 2011, with a total of $4,645,000

Interval transaction volume for February was down 8% from February 2011, with a reported 12

Through February, interval dollar volume is down 50% from same period 2011 with a total of $7,287,400. Through February, there have been 24 interval transactions.


Pitkin County Summary — January 2012
courtesy of Land Title

– $79,873,838 – total dollars for January, a decrease of 17% from January 2012
59 – total transactions for January, an increase of 7% from January 2012

– For the month, Aspen posted 24 transactions ($59.8 million), Interval units 23 ($4.3 million), Snowmass Village 11 ($15.6 million), and Redstone 1 ($183,750).

– There were 9 bank sales recorded in the county for January (see page 9 for more details)

-The average single family home sold price for the month was $3,741,038, a decrease of 11% from full year 2012

-The median single family home sold price for the month was $2,400,000, a decrease of 14% from full year 2012

-Interval dollar volume for January was up 62% from January 2012, with a total of $4.3 million

– Interval transaction volume for January was up 92% from January 2012, with a total of 23

– Interval transaction breakdown for January: 14 – Hyatt Grand Aspen, 2 – Ritz Carlton Club, 2 – Shadow Mountain Lodge, 2 – Residences at Snowmass Club, 1 – St. Regis, 1 – Residences at Little Nell, and 1 – Roaring Fork Club PUD

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