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

Aspen Real Estate Update for March 2011

Summary for the month of March * $89,077,737 – total dollar volume, a decrease of 13.7% from March 2010 * 68 total transactions – a decrease of 19% from March 2010 * Year to date dollars total $289,131,493, an increase of 39% from same time period 2010 * Year to date transactions total 196, an increase of 9.5% * Aspen reported the most activity with 28 transactions, Interval units 17, Snowmass Village 15, Basalt 3, Old Snowmass 3, Woody Creek 1, and Carbondale 1 * Aspen reported the highest dollar volume with $58.7 million, Snowmass Village $18.7 million, Intervals $4.6 million, Old Snowmass $4.2 million, Carbondale $985,000, and Woody Creek $212,368 *

NOTE: Bank sales are on the rise in Pitkin County, with a reported 12 for the month totaling $9.9 million. This accounts for 18% of the transactions and 11% of the dollars o 5 – Aspen, 3 – Snowmass Village, 2 – Basalt, 1- Old Snowmass, 1 – fractional * Average single family home sold price through March is $4,611,723, an increase of 6% from full year 2010 * Median single family home sold price through March is $3,087,500, a decrease of 3% from full year 2010 * Fractional dollars totaled $4.6 million, an increase of 74% from March 2010 * Fractional transactions totaled 17, an increase of 21% from March 2010 o The Ritz @ Highlands posted 6, Hyatt Grand Aspen 3, Innsbruck, Residences at Snowmass Club, and Timbers each reported 2, while Prospector and Residences at Little Nell each reported 1 * Through March, fractional dollars total $19,119,554, an increase of 3% from same time period 2010 * Through March, transactions total 71, an increase of 92% from same time period 2010.

Call Drew Kitchell with McKinley Sales, Inc real estate for all you Aspen Real Estate needs at 970-379-7777.

Courtesy of Land Title

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