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

Summary for the month of May 

• $81,899,335 – total dollar volume – an increase of 27% from May 2009
• 44 – total transactions – a decrease of 2% from May 2009
• Year to date through May, dollar volume totals $458,426,532, an increase of 12.45% from same timeframe of 2009
• YTD through May, transaction totals 294, an increase of 3.52% from same time period 2009
• 21 transactions and $52.8 million took place in Aspen, 14 transactions and $8.6 million were interval units, 8 transactions and $17.9 million were in Snowmass, and 1 transaction for $2.7 million took place in Old Snowmass
• There was one sale for the month in Pitkin County (Aspen) where a bank was listed as a grantor totaling $750,000, accounting for less than 1% of the total volume
• For the year, there have been a total of 3 bank owned sales in Pitkin County, totaling $1.6 million, .35% of the total volume
• The average single family sold price through May is $4.136 million, a decrease of 16% from full year 2009
• The median single family sold price through May 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 activity for the month totaled $8.6 million, an increase of 10% over May 2009
• Fractional transactions totaled 14, a decrease of 18% from May 2009
  • Residences at Little Nell – 5, Ritz Carlton at Highlands – 3, Hyatt Grand Aspen – 3, Residences at Snowmass Club – 2, Timbers - 1
• YTD through May, fractional dollars total $37.5 million, a decrease of 72% from same time period 2009
• YTD through May, fractional transactions total 71, a decrease of 52% from same time period 2009