Land Title's April, 2010 Summary of Pitkin County Property Sales

Please see attached for the latest market analysis, courtesy of Land Title Guarantee Company Summary for the month of April 

• $168,793,594 - total dollar volume, up 128% from April 2009
  • Included in the total dollar volume was a notable commercial transaction of $37.9 million in Aspen
• 71 – total transactions, up 54% from April 2009
• Year to date, through April, total dollar volume $376,527,197, up 9.7% from same time period last year
• Year to date transactions total 250, up 4.6% from same time period last year
• Aspen reported the highest number of transactions with 31, there were 20 interval units, Snowmass Village 10, Basalt and Old Snowmass each reported 3, Carbondale and Redstone reported 2 each as well
• Aspen dollar volume totaled $136.8 million, Snowmass Village $12.6 million, Interval units $10.2 million, Old Snowmass $5.9 million, Redstone $1.3 million, Basalt $1 million, and Carbondale $820,000
• There were no sales bank sales in Pitkin County in the month of April, there have only been 2 recorded thus far in 2010
• The average single family home sold price through April is $4,078,773, a decrease of 17% from full year 2009
• The median single family home sold price though April is $3,550,000, an increase of 13% from full year 2009
  • Please see page 4 of the PDF for additional detail by area as well and multi family and land details
• Fractional activity showed a nice increase in dollar volume for the month with $10,248,962 reported, up 91% from April 2009
• There were 20 fractional transactions, an increase of 18% from April 2009
  • 6 at the Little Nell, 5 at the Hyatt, 2 each at the Ritz, Sanctuary, and Snowmass Club, and 1 each at Roaring Fork Club, Shadow Mountain Lodge, and Timbers Club
• Through April, fractional dollars total $28.9 million, a decrease of 77%  from same time period 2009
• Through April, fractional transactions total 57, which is a decrease of 56% from the same time period 2009