Pitkin County Sales Report

There has been a definite upward trend of sales transactions in Pitkin County during the month of September and October. To see the full report contact Robert Goldstein.

Land Title Pitkin County Market Analysis - September 2011

Summary for the month of September

• September was the strongest transaction month since April 2008, with a total of 86
  
• September boasted the second strongest dollar month of the year
  
• $137,723,013 - total dollars for the month, an increase of 38% from September 2010
  
• 86 - total transactions for the month, an increase of 38.7% from September 2010
  
• Through September, dollars total $977,073,114 - an increase of 18.8% from same time period 2010
  
• Through September, transactions total 584, an increase of 16.8% from same time period 2010
  
• Aspen posted 34 transactions and $88.7 million, Intervals posted 24 and $8.8 million, Basalt 9 and $7 million, Snowmass Village 8 and $16 million, Old Snowmass 5 and $15.4 million, Woody Creek 2 and $449,440, Carbondale 1 at $1.04 million, and Redstone 1 at $250,000.  The remaining $6,000 was 2 quit claim transfers with doc fees
  
• Bank Sales for the month totaled 3 with a dollar volume of $1.74 million.  This accounts for 3.5% of the transactions and 1.3% of the dollar volume

• 1 - Aspen, 1 - Basalt, and 1 - Interval Unit

• Through September, there have been a total of 45 bank sales in the county with a total of $30.3 million.  This accounts for nearly 8% of the transactions and 3% of the dollars
  
• Notable sales for the month included:  Highest Priced - $9.6 million for a single family residence in the City of Aspen, Highest PPSF - $2,858/foot for Commercial office space on Main Street with a sales price of $314,388
  
• The average single family sold price through September is $4,118,399 - a decrease of 5% from full year 2010
  
• The median single family sold price through September is $3,537,500 - an increase of 11% from full year 2010
  
• September fractional dollars totaled $8,772,000 - a decrease of 7% from September 2010
  
• September fractional transactions totaled 24 - an increase of 26% from September 2010

• Hyatt Grand Aspen - 14, Ritz Carlton - 4, Little Nell - 2, Roaring Fork Club PUD - 2, Roaring Fork Club Suites - 1, and St. Regis - 1

• Through September, fractional dollars total $75,886,799 - an increase of 5% from same time period 2010
  
• Through September, fractional transactions total 175 - an increase of 31% from same time period 2010