Land Title's February, 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 February

• $49,136,199 total dollar volume, a decrease of 53.8% from February 2009
• 46 total transactions, a decrease of 37.8% from February 2009
  • Please keep in mind that there was a flurry of fractional transactions last year at this time with the Little Nell and Dancing Bear.
    • In February 2009 these two projects accounted for $40,323,600 and 40 transactions
• For February 2010, Aspen reported $23.4 million in dollar volume, Snowmass Village $13.6 million, Intervals $10.3 million, Basalt $1.4 million, Redstone $457,000, and Old Snowmass $61,309
  • Included in the Aspen dollars was a single family home sale for $6.25 million
  • Old Snowmass dollars consisted of 2 sales in Lazy Glen
  • Snowmass Village, Intervals, and Basalt were the only areas that showed an increased dollar volume over last month
• February transaction totals were as follows:  Aspen 18, Intervals 13, Snowmass Village 8, Basalt 4, Old Snowmass 2, and Redstone 1
  • Intervals and Basalt were the only areas that showed increased transaction activity over last month
• The average single family home sold price for Pitkin County through the month of February is $2,576,590, a decrease of 47% from full year 2009’s sold price of $4,902,989
• The median single family home sold price is $2,437,500, a decrease of 24% from full year 2009’s sold price of $3,153,088
  • Please see page 5 of the PDF for additional detail by specific area within Pitkin County, as well as multi family and residential land info
• Interval dollars for the month were $10,268,000, a decrease of 75% from Feb 2009
• Interval dollars for the month totaled 13, a decrease of 70% from Feb 2009