Aspen Real Estate Market Update | Resort Town Blog .Com Aspen Real Estate, Aspen Realtor, Aspen Real Estate

Aspen Real Estate Market Update

Please see attached for the February Pitkin County Market Analysis, compliments of Land Title Guarantee Company

Summary for the month of February

  • $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
    • 2 bank sales were in Old Snowmass and 1 was in Basalt
  • 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
    • Please refer to page 4 of the PDF for more detail by area and property type
  • 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
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