Aspen, Snowmass Village and Basalt Real Estate Market Analysis by County

PITKIN COUNTY

Includes Aspen, Snowmass Village, Woody Creek, Old Snowmass and parts of Basalt

April, 2010• 168,793,594 - total dollar volume, up 128% from April 2009 o Included in the total dollar volume was a notable commercial transaction of $37.9 million in Aspen • 71 – total transactions, up 54% from April 2009 • Year to date, through April, total dollar volume $376,527,197, up 9.7% from same time period last year • Year to date transactions total 250, up 4.6% from same time period last year • Aspen reported the highest number of transactions with 31, there were 20 interval units, Snowmass Village 10, Basalt and Old Snowmass each reported 3, Carbondale and Redstone reported 2 each as well • Aspen dollar volume totaled $136.8 million, Snowmass Village $12.6 million, Interval units $10.2 million, Old Snowmass $5.9 million, Redstone $1.3 million, Basalt $1 million, and Carbondale $820,000 • There were no sales bank sales in Pitkin County in the month of April, there have only been 2 recorded thus far in 2010 • The average single family home sold price through April is $4,078,773, a decrease of 17% from full year 2009 • The median single family home sold price though April is $3,550,000, an increase of 13% from full year 2009 • Fractional activity showed a nice increase in dollar volume for the month with $10,248,962 reported, up 91% from April 2009 • There were 20 fractional transactions, an increase of 18% from April 2009 o 6 at the Little Nell, 5 at the Hyatt, 2 each at the Ritz, Sanctuary, and Snowmass Club, and 1 each at Roaring Fork Club, Shadow Mountain Lodge, and Timbers Club • Through April, fractional dollars total $28.9 million, a decrease of 77% from same time period 2009 • Through April, fractional transactions total 57, which is a decrease of 56% from the same time period 2009

March, 2010• $103,247,244 total dollar volume, up 120% from March 2009 • 84 total transactions, an increase of 105% from March 2009 • Year to date, through March, dollar volume totals $207,733,603 – a decrease of 23% from the same time period last year • Through March, transactions total 179, a decrease of 7.25% from the same time last year • Aspen led the county with 31 transactions, interval sales totaled 14, Snowmass Village reported 13, Basalt reported 4, Old Snowmass reported 3, the remaining 19 transactions were quit claim deeds with an associated document fee • Aspen’s total dollar volume was $52.37 million, Snowmass Village reported $38.26 million, Old Snowmass $6.587 million, Basalt $3.275 million, Intervals $2.642 million, the remaining $117,912 were quit claim deeds • There were two notable residential sales for the month, both in Snowmass – one for $10 million and another for $9.04 million • There were no sales in the month of March with a bank listed as the grantor, there have been 2 thus far in 2010 • The average single family sold price through the month of March is $3,712,121, a decrease of 24% from full year 2009 • The median single family sold price through the month of March is $4,100,000, an increase of 30% from full year 2009 • Interval dollar volume totaled $2.642 million, a decrease of 81% from March 2009 • Interval transactions totaled 14, a decrease of 39% from March 2009 • Hyatt Grand Aspen led with $918,000, followed by Timbers with $705,000, Ritz Carlton reported $470,000, St. Regis $350,000, and Sanctuary $199,000 • Hyatt led transactions with 6, Ritz Carlton reported 4, Timbers had 2, St. Regis and Sanctuary rounded out the total, each reporting 1 • Through March, interval dollars total $18,643,975, a decrease of 84% from the same time period last year • Though March, interval transactions total 37, a decrease of 68% from the same time period last year o Recall that in early 2009 there was a lot of activity with both The Residences at Little Nell and Dancing Bear. Through March of last year, the Nell had a total of 67 transactions and Dancing Bear had 25

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Month to Month Comparison  By Total Dollar Volume

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