Pitkin County Real Estate Market Report
Summary for the month of February, 2012
• $45,363,729 - total dollars for February, a decrease of 61% from February 2011
• 46 - total transactions for February, a decrease of 8% from February 2011
• Year-to-Date through February, dollars total $142,017,044, a decrease of 29% from same time period last year
• Year-to-Date through February, transactions total 101, a decrease of 21% from same time period last year
• Aspen posted 22 transactions ($27.7 million), Snowmass Village 4 ($10.5 million), Basalt 5 ($1.98 million), and Woody Creek 1 ($212,368) Interval units 12 ($4.6 million. The remaining transaction was a quit claim transfer with a doc fee ($8,000).
• The average (mean) single family home sold price through February is $3,247,683, a decrease of 21% from full year 2011
• The median single family home sold price through February is $3,112,500, an increase of 12% from full year 2011
• The most notable sale for February was a single family residence in Enclave Aspen totaling $5.475 million (**note - the Dancing Bear sale will be reflected in March numbers**)
BANK SALES
• There were 4 bank sales (bank as the grantor) for the month, totaling $1.24 million. This accounted for 9% of the transactions and 3% of the dollars; (Aspen - 2 & Basalt - 2)
• Through February, there have been 8 bank sales for the month, totaling $2.96 million. This accounts for 8% of the transactions and 2 % of the dollars
INTERVAL SALES
• Interval dollar volume for February was up 5% from February 2011, with a total of $4,645,000
• Interval transaction volume for February was down 8% from February 2011, with a reported 12
• Year-to-Date through February, interval dollar volume is down 50% from same period 2011 with a total of $7,287,400
• Year-to-Date through February, there have been 24 interval transactions, a decrease of 56% from same time period 2011
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