Land Title December 2011 Year End Real Estate

Pitkin County Market Analysis

 

2011 total dollars totaled $1,269,446,586 - up .52% from 2010
2011 transactions totaled 756, an increase of 9.7% from 2010

December dollars totaled $77,740,576 - a decrease of 38% from December 2010
December transactions totaled 56 - a decrease of 16% from December 2010
The highest sales price for December was $6.25 million for a single family residence in Aspen Zone 1

For the year - Aspen led with $826 million (65% of the total) and 317 transactions (42% of the total), Snowmass Village posted $238 million (19%) and 114 transactions (15%), Interval Units $89 million (7%) and 209 transactions (28%), Old Snowmass $53.4 million (4%) and 29 transactions (4%), Basalt $32 million (2.5%) and 42 (5.6%), Carbondale $5.6 million (.4%) and 8 (1%), Redstone $1.16 million (.09%) and 5 transactions (.66%). 

December totals - Aspen $55.8 million and 32 transactions, Woody Creek $9.4 million and 3 transactions, Snowmass Village $5.8 million and 6 transactions, Interval Units $3 million and 10 transactions, Old Snowmass $2.5 million and 2 transactions, and Basalt $1.2 million and 3 transactions
There were 4 Bank Owned Sales in December totaling $1.4 million.  This accounted for 1.8% of the volume and 7% of the transactions
2 - Fractional,  2 - Snowmass Village

For the year, there were 51 Bank Owned Sales totaling $33.7 million.  This accounted for 2.7% of the dollars and 6.8% of the transactions
The average single family home sold price for 2011 totaled $4,108,658, a decrease of 5% from full year 2010
The median single family home sold price for 2011 totaled $2,787,500, a decrease of 12% from full year 2010
Kim McKinley 
CDPE, Accredited Luxury Home Specialist
Owner/Broker
mckinley sales, inc. real estate

Phone: 970.315.0228
Fax:  970.315.0211

Aspen Office:  605 W. Main Street Suite 4, Aspen, CO  81611
Basalt Office:  23286 Two Rivers Road Suite 21, Basalt, CO  81621

Search Aspen Area MLS:  www.SearchAspenRealEstate.com