March 2013

Aspen Sale January 17, 2013

Aspen Sale January 17, 2013

Silverstream Townhome #4
  • Aspen
  • $1,985,000
  • Three bedrooms/two baths
  • $1,118 per square foot
  • Asking price $2,700,000
  • 74% of asking price
LISTED AND SOLD BY JOSHUA & CO
Posted by GaryFeldman on March 14, 2013 in
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Land Title's January 2013 Pitkin County Market Analysis

Land Title's January 2013 Pitkin County Market Analysis

Please see below for the January 2013 Pitkin County Market Analysis.

Summary

  • $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

Posted by GaryFeldman on March 14, 2013 in
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Land Title's December 2012 Pitkin County Market Analysis

Land Title's December 2012 Pitkin County Market Analysis

Please see below for the December 2012 Year End  Pitkin County Market Analysis

Summary

  • $269,713,558 - total dollars for December, an increase of 247% from December 2011
  • 90 - total transactions for December, an increase of 61% from December 2011
  • December was the strongest month of the year in both dollar volume and transaction totals
  • December dollars represented the strongest month since May 2007
  • December transactions represented the strongest month since January 2008
  • The highest sale in December was $22 million for the Mountain Plaza building, 434 East Cooper (commercial)
  • For the year, dollars totaled $1,491,364,705 an increase of 17.5% from full year 2011
  • For the year, transactions totaled 749, a decrease of less than less than 1% (.9%)  from 2011
  • In December, Aspen posted 51 transactions ($206.9 million), Snowmass Village 20 ($41.3 million), Interval Units 8 ($4.3), Basalt 4 ($7 million), Old Snowmass 3 ($2.2 million), Redstone 2 ($6.98 million), and Woody Creek 1 ($975,000). The remaining transaction was a quit claim deed transfer with a doc fee, totaling $3,000
  • For the year, Aspen posted 364 transactions ($1.05 million), Intervals 140 ($55.3 million), Snowmass Village 121 ($158.2 million), Basalt 49 ($40 million), Woody Creek 29 ($57 million), Old Snowmass 17 ($25.5 million), Carbondale 10 ($3.7 million), and Redstone 7 ($8.5 million).  The remaining 12 transactions were quit claim transfers with doc fees, totaling $94.5 million. 
  • There were 5 bank sales in December totaling $2.4 million.  This accounted for less than 1%  of the total volume and 5.5% of the transactions
  • Bank Sale breakdown: 4 -Snowmass Village (Zone 1) and 1 - Aspen (Zone 1)
  • For the year, there were a total of 46 bank sales totaling $38.7 million.  This accounted for 2.6% of the total dollar volume and 6% of the transactions
  • The average single family home sold price for 2012 was $4,196,941, a increase of 2% from 2011
  • The median single family home sold price for 2012 was $2,800,000, nearly even with 2011
  • Interval dollar volume for December was up 40% from December 2011, with a total of $4.3 million
  • Interval transaction volume for December was down 20% from December 2011, with a total of 8
  • Interval transaction breakdown for December:  Hyatt Grand Aspen - 4, Residences at Little Nell - 2, Ritz Carlton - 1, and St. Regis 1
  • For the year, interval dollar volume totaled $55,262,019, a decrease of 38% from 2011
  • For the year, interval transactions totaled 140, a decrease of 33% from 2011

Interval breakdown for the year:  Hyatt Grand Aspen - 39, Residences at Little Nell - 21, Ritz Carlton - 20, Roaring Fork Club PUD- 10, St. Regis - 10, Roaring Fork Club Suites - 9, Residences at Snowmass Club - 9, Timbers - 6, Prospector - 4, and Dancing Bear, Innsbruck, Sanctuary, and Shadow Mountain Lodge - 3 each,

Posted by GaryFeldman on March 14, 2013 in
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