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

Summary for the month of July

• $74,155,436 – total dollar volume for the month, decrease of 41% from July 2009
• 41 – total transactions for the month, decrease of 4.6% from July 2009
• Year to date dollar volume, $647,972,192 – an increase of 8.3% from the same time period in 2009
• Year to date transactions, 385 – an increase of 2.9% from the same time period 2009
• Fractional dollar volume totaled $5.97 million, a decrease of 43% from July 2009
• Fractional transactions totaled 12, a decrease of 33% from July 2009
  • Hyatt -4, Residences at Little Nell – 3, Roaring Fork Club Suites – 2, Ritz Carlton, Roaring Fork Club, and Sanctuary each reported 1
• Year to date fractional dollar volume totals $58.2 million, a decrease of 61% from same time period 2009
• Year to date fractional transactions total 101, a decrease of 44% from the same time period 2009
• Aspen led the county with 17 transactions and $54.36 million, Interval Units totaled 12 with $5.97 million, Snowmass Village totaled 7 and $11.4 million, Basalt reported 3 and $996,584, Old Snowmass and Redstone each reported 1 transaction with $1.2 million and $190,000, respectively
• There were 2 sales in the county that were bank owned sales, totaling $2.78 million – this represents 3.74% of the dollar volume and approximately 5% of the transactions
  • 1 in Snowmass and 1 in Old Snowmass
• There have been 6 banks sales year to date, totaling $8.4 million – representing 1.3% of the dollar volume and 1.6% of the transactions
• Through July the average single family sold price for the county totals $4.478 million, a decrease of 9% from full year 2009
• Through July, the median single family sold price for the county totals $4.15 million, an increase of 32% from full year 2009