Aspen Real Estate Update for May 2011 | Resort Town Blog .Com Aspen Real Estate, Aspen Realtor, Aspen Real Estate update for May 2011.

Aspen Real Estate Summary for May 2011,

Please see a summary for the May 2011 Pitkin County Market Analysis.

Summary for the month of May
$127,403,833 – total dollar volume, an increase of 56% from May 2010
May is the strongest month for dollar volume thus far in 2010
54 – total transactions, an increase of 23% from May 2010
Year-to-date dollars total $536,024,210, an increase of 17% from same time period 2010
Year-to-date transactions total 323, an increase of approximately 10% from same time period 2010
Aspen led the month with 26 transactions with a total of $93.9 million, Snowmass Village totaled 8 and $24.9 million, Old Snowmass 3 totaling $1.5 million, Basalt 2 totaling $411,000.  Interval units accounted for 15 and $6.7 million
There was a notable sale in Snowmass Village totaling $20.5 million (Owl Creek Ranch Subdivision)
Bank sales totaled 5 with a dollar volume of $1.41 million.  This accounts for approximately 1% of both transactions and dollar volume.
2- Basalt, 2 – Snowmass Village, 1 – interval in Snowmass Village
Year-to-date there have been 31 bank sales totaling $19.4 million.  This accounts for 1% of the total transactions and 3.6% of the dollar volume
Through May, the average single family home sold price in Pitkin County is up 11% from full year 2010 to $4,839,635
Through May, the median single family home sold price in Pitkin County is down 1% from full year 2010 to $3,150,000
Fractional dollars for May total $6,720,900, a decrease of 22% from May 2010
Fractional transactions for May total 15, an increase of 7% from May 2010
Hyatt Grand – 8, Ritz Carlton – 3, Residences at Little Nell – 3, Sanctuary – 1
Through May, dollar volume totals $48,118,474, an increase of 28% from same time period 2010
Through May, transactions total 110, an increase of 55% from same time period 2010

provided as a courtesy from Land Title Guarantee Company
For all your Aspen Real Estate Intelligence contact Drew Kitchell with McKinley Sales, Inc at 970.379.7777

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