Reported by Laurie Laing, REALTOR, 1031 Exchange Expert
Updated April 2, 2012.
Current Market Rating: 2
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Current Price Trend: 2
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Pitkin County (Aspen/Snowmass) 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 • Through February, dollars total $142,017,044, a decrease of 29% from same time period last year • Through February, transactions total 101, a decrease of 21% from same time period last year • Aspen posted 22 transactions ($27.7 million), Interval units 12 ($4.6 million), Basalt 5 ($1.98 million), Snowmass Village 4 ($10.5 million), and Woody Creek 1 ($212,368). The remaining transaction was a quit claim transfer with a doc fee ($8,000). • 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 • 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**) • The average 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 • 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 • Through February, interval dollar volume is down 50% from same period 2011 with a total of $7,287,400 • Through February, there have been 24 interval transactions, a decrease of 56% from same time period 2011
ZIP Codes: 81611, /81615 Approximate Location Boundaries: Aspen/Snowmass
Location Characteristics: The heart of the Rocky Mountains. Aspen and Snowmass draws skiers, musicians, artists, athletes and people with a sense of adventure and admiration for the incredible mountain environment. Although the days of silver mining are long gone, the cultural mix of activities including the Aspen Institute, Aspen Music School and Aspen Art Museum are still very much alive. Most of all, Aspen is and always will be the ultimate playground to it's world class ski resorts known all over the universe. Come see for yourself!
