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Aspen Real Estate Market Reports 2013

All reports courtesy Land Title


August 2013 Pitkin County Real Estate Market

$138,447,113 – total dollars for August, an increase of 31% from August 2012

162 – total transactions for August, an increase of 170% from 2012

August was the strongest dollar month thus far in 2013

Year to date, dollars total $750,104,922 a decrease of 4% from same period 2012

Year to date, transactions total 912, an increase of 107% from same period 2012

For the month, Intervals led the way with a total of 107 transactions ($11.1 million), Aspen posted 39 transactions ($113.6 million), Snowmass Village 10 ($7.3 million), Carbondale 2 ($3.3 million), Woody Creek 2 ($2.6 million), Redstone 1 ($500,000), and Old Snowmass 1 ($75,000).

There were 3 bank sales recorded in the county for August totaling $1.9 million. This accounted for 2% of the transactions and 1% of the dollars

Year to date, there have been 65 bank sales recorded in the county, totaling $41 million. This accounts for 7% of the transactions and 5% of the dollars.

The average single family home sold price thru August is $3,461,225, a decrease of 18% from full year 2012

The median single family home sold price thru August is $2,300,000, a decrease of 18% from full year 2012

Interval dollar volume for August was up 307% from August 2012, with a total of $11.1 million

Interval transaction volume for August was up 1089% from Augut 2012, with a total of 107

Interval transaction breakdown for August: Innsbruck – 85, Dancing Bear – 6, Residences at Snowmass Club – 3, St Regis -3, Timbers – 2, Ritz Carlton – 2, Hyatt Grand Aspen – 2, Residences at Little Nell – 2, Roaring Fork Club PUD – 1 and Shadow Mountain Lodge – 1

Through August, interval dollar volume totals $37,874,869, an increase of 22% from same period 2012

Through August, interval transaction volume totaled 494, an increase of 481% from same period 2012

Buyer profile through August: 73% were out of state (domestic), 21% were local, 4% were International, and 2% Front Range

Loan info for August – 66% cash sales and 34% with financing


Reports courtesy Land Title


July 2013 Pitkin County Real Estate Market

$90,966,690 – total dollars for July, an increase of 16% from July 2012.

381 – total transactions for July, an increase of 711% from 2012.

Interval transactions were up drastically for the month, which contributed to the increase in transactions and making it the strongest transaction month of the year.

If you exclude the interval sales, there were 67 sales. This would’ve resulted in a transaction increase of 43% from last July.

Year to date, dollars total $611,657,809 a decrease of 9% from same period 2012.

Year to date, transactions total 750, an increase of 97% from same period 2012.

For the month, Intervals led the way with a total of 314 transactions ($7.4 million), Aspen posted 37 transactions ($55 million), Snowmass Village 18 ($20.6 million), Redstone 4 ($1.2 million), Old Snowmass 3 ($3.8 million), Carbondale 3 ($1.1 million), and Woody Creek 2 ($1.5 million).

There were 6 bank sales recorded in the county for July totaling $2.million. This accounted for 2% of the transactions and 2% of the dollars (see page 9 for more details)

Year to date, there have been 62 bank sales recorded in the county, totaling $39 million. This accounts for 8% of the transactions and 6% of the dollars.

The average single family home sold price thru July is $3,254,689, a decrease of 22% from full year 2012.

The median single family home sold price thru July is $2,268,000, a decrease of 19% from full year 2012.

Interval dollar volume for July was up 390% from July 2012, with a total of $7.4 million.

Interval transaction volume for July was up 3389% from July 2012, with a total of 314.

Interval transaction breakdown for July: Innsbruck – 302, Ritz Carlton – 3, St Regis -2, Hyatt Grand Aspen – 2, Residences at Snowmass Club, Roaring Fork Club Suites – 1, Sanctuary – 1, and Timbers – 1.

The Innsbruck sales were all purchased by the same party.

Through July, interval dollar volume totals $26,805,157, a decrease of 5% from same period 2012.

Through July, interval transaction volume totaled 387, an increase of 409% from same period 2012.

Buyer profile through July: 71% were out of state (domestic), 23% were Local, 4% were International, and 1% Front Range.

Loan info through July, 57% of the sales were cash and 50% were financed. If you exclude the interval frenzy, 63% of the sales had financing and 37% cash.


May 2013 Pitkin County Real Estate Market

May was the strongest month thus far in 2013 in both dollar and transaction volume!

$116,140,963 – total dollars for May, an increase of 15% from May 2012

75 – total transactions for May, an increase of 32% from May 2012

Year to date, dollars total $418,757,381 a decrease of 6% from same period 2012

Year to date, transactions total 315, an increase of 17% from same period 2012

For the month, Aspen posted 34 transactions ($90 million), Snowmass Village 20 ($19.8 million), Interval units 11 ($2.1 million), Old Snowmass 5 ($3.4 million), Basalt 3 ($1.6 million), and Redstone 2 ($260,000).

There were 6 bank sales recorded in the county for May totaling $5.4 million. This accounted for 8% of the transactions and 4.7% of the dollars.

Year to date, there have been 50 bank sales recorded in the county, totaling $33 million. This accounts for 16% of the transactions and 8% of the dollars.

The average single family home sold price thru May is $3,083,155, a decrease of 27% from full year 2012.

The median single family home sold price thru May is $2,300,000, a decrease of 18% from full year 2012.

Interval dollar volume for May was down 74% from May 2012, with a total of $2.1 million.

Interval transaction volume for May was down 8% from May 2012, with a total of 11.

Interval transaction breakdown for May: Hyatt Grand Aspen – 7, Dancing Bear Aspen – 2, and Sanctuary -1.

Through May, interval dollar volume totals $17,240,817, a decrease of 19% from same period 2012.

Through May, interval transaction volume totaled 67, an increase of 22% from same period 2012.

Buyer profile through May: 54% were out of state (domestic), 36% were Local, 8% were International, and 2% Front Range.

Loan info through May, 53% of the sales were cash and 47% were financed.


Reports courtesy Land Title


April 2013 Pitkin County Real Estate Market

April was the strongest month thus far in 2013 in both dollar and transaction volume!

$111,269,030 – total dollars for April, an increase of 12% from April 2012.

72 – total transactions for April, an increase of 12.5% from April 2012.

Year to date, dollars total $302,616,418 a decrease of 12.5%% from same period 2012.

Year to date, transactions total 240, an increase of 13% from same period 2012.

For the month, Aspen posted 30 transactions ($71.5 million), Snowmass Village 23 ($23 million), Interval units 12 ($3.4 million), Basalt 4 ($1.3 million), Old Snowmass 2 ($9 million), and Woody Creek 1 ($3.15 million).

There were 13 bank sales recorded in the county for May totaling $10.5 million. This accounted for 18% of the transactions and 9% of the dollars (see page 9 for more details)

Year to date, there have been 44 bank sales recorded in the county, totaling $27.6 million. This accounts for 18% of the transactions and 9% of the dollars.

The average single family home sold price thru April is $3,146,451, a decrease of 25% from full year 2012.

The median single family home sold price thru April is $2,200,000, a decrease of 21% from full year 2012.

Interval dollar volume for April was up 83% from April 2012, with a total of $3.4 million.

Interval transaction volume for April was up 9% from April 2012, with a total of 12.

Interval transaction breakdown for April: St. Regis – 3, Timbers Club – 2, Residences at Snowmass Club – 2, Ritz Carlton Club – 2, Hyatt Grand Aspen – 1, Roaring Fork Club PUD -1, and Residences at Little Nell – 1.

Through April, interval dollar volume totals $15,144,317, an increase of 15% from same period 2012.

Through April, interval transaction volume totaled 56, an increase of 30% from same period 2012.

Buyer profile through April: 55% were out of state (domestic), 35% were Local, 9% were International, and 2% Front Range.

Loan info through April, 58% of the sales were cash and 42% were financed.


February 2013 Pitkin County Market Analysis

Summary $38,389,379 – total dollars for February, a decrease of 15% from February 2012

44 – total transactions for February, a decrease of 4% from February 2012

Year to date, dollars total $118,263,217, a decrease of 17% from same period 2012

Year to date, transactions total 103, an increase of 2% from same period 2012

For the month, Aspen posted 20 transactions ($27.7 million), Interval units 9 ($3.6 million), Snowmass Village 7 ($1.9 million), Basalt 4 ($1.6 million), Old Snowmass 3 ($3.3 million), and Redstone 1 ($245,000).

There were 7 bank sales recorded in the county for February totaling $2.2 million. This accounted for 16% of the transactions and 6% of the dollars

Year to date, there have been 16 bank sales recorded in the county, totaling $9.1 million. This accounts for 16% of the transactions and 8% of the dollars.

The average single family home sold price thru February is $2,829,605, a decrease of 33% from full year 2012

The median single family home sold price thru February is $2,250,000, a decrease of 20% from full year 2012

Interval dollar volume for February was down 22% from February 2012, with a total of $3.6 million

Interval transaction volume for February was down 25% from February 2012, with a total of 9

Interval transaction breakdown for February: Dancing Bear – 3, St. Regis – 2, Hyatt Grand Aspen – 2, Ritz Carlton Club – 1, and Timbers Club – 1

Through February, interval dollar volume totals $7,917,383, an increase of 9% from same period 2012

Through February, interval transaction volume totaled 32, an increase of 33% from same period 2012

Buyer profile through February: 51% were out of state – domestic, 36% were Local, 12% were International, and 1% Front Range


Reports courtesy Land Title


Pitkin County January 2013 Market Summary – by 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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