January Pitkin County Market Analysis Compliments of Land Title

Summary for the month of January

• Total dollar volume $55,349,360, a decrease of 52% from January 2009’s total of $115,936,999
• Total transactions 49, a decrease of 37% from January 2009’s total of 78
  • Please note that January 2009 included 41 sales at the Residences at the Little Nell which totaled $64 million in dollar volume
• Aspen led the county with 20 transactions, followed by Snowmass with 10, there were 10 interval sales, Woody Creek reported 4, Carbondale 2, and Basalt and Redstone each had 1.  There was also 1 quit claim deed with a doc fee recorded, which rounds out the total of 49 transactions.
• Aspen also led in dollar volume with $29 million, Snowmass followed with $10 million, Intervals totaled $5.7 million, Woody Creek totaled $5.7 million, Carbondale $1.1 million, and Redstone $585,000.  The remaining $3.1 million was a quit claim transfer. 
• Interval sales and the Woody Creek area both reported increases in transactions and dollar volume over December 2009
• Snowmass reported an increase in dollar volume, but a decrease in transactions
• The average single family home sold price for January totaled $2.2 million, this is a decrease of 55% from the full year 2009 total of $4.9 million
• The median single family home sold price for January totaled $2.1 million, this is a decrease of 33% from the full year 2009 total of $3.2 million
  • Please keep in mind that this is comparing 9 single family sales thus far in 2010 to full year 2009
  • Please refer to page 5 of the PDF for additional detail by area
• Interval dollar volume for January totaled $5.7 million, a decrease of 91% from January 2009
• Interval transactions for January totaled 10, a decrease of 79% from January 2009
  • Again, most of the dollar volume in January 2009 was attributed to the Residences at the Little Nell sales
• The 10 interval transactions were as follows:  Ritz Carlton – 4, Little Nell – 3, Hyatt, Dancing Bear, and Sanctuary each reported 1