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

Summary for the month of June

• $115,390,224 – total dollar volume, an increase of 81% from June 2009 – and the second highest dollar volume month this year
• 50 – total transactions, an increase of 6.4% from June 2009
• Mid Year dollars total $573.8 million – up nearly 22% from the same time period in 2009
• Mid Year transactions total 344 – increase of approximately 4% from same time period 2009
• Aspen had 18 transactions ($82 million), Interval Units accounted 18 transactions ($14.8 million), Snowmass Village - 8 transactions ($14.5 million), Redstone - 2 transactions ($1.1 million), Carbondale -1 transaction ($1.9 million), Old Snowmass – 1 transaction ($650,000), Basalt – 1 transaction ($220,000), and Woody Creek – 1 ($4,470)
• There was one sale in the month that listed a bank as the Grantor for $4 million.  This was in the Meadowood Subdivision in Aspen.  This represents approximately 3.5% of the dollar volume for the month.
• YTD, there have been 4 bank sales in Pitkin County totaling $5.6 million, this represents for less than 1% of the gross dollar volume
• The average single family home sold price through June is $4.4 million, a decrease of 10% from full year 2009
• The median single family home sold price is $4.1 million, an increase of 30% from full year 2009
  • Please refer to page 4 of the PDF for additional detail by area and property type
• Fractional dollar volume for the month of June totaled $14.8 million up 138% from last June
• Fractional transactions totaled 18, an increase of 20% from June 2009
• Through June, dollar volume totals $52.3 million, a decrease of 63% from mid-year 2009
• Through June, transaction activity totals 89, a decrease of 45% from mid-year 2009
• The fractional activity in June was heavily attributed to the Residences at Little Nell with a total of 9 transactions and $13 million, Hyatt Grand Aspen had 4 and $566,000, Ritz Carlton had 3 – totaling $397,000, and St. Regis had 2 totaling $685,000