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

NOVEMBER, 2011

$124,204,186 - total dollars for the month, an increase of 4.87% from November 2010 57 - total transactions for the month, a decrease of 13.6% from November 2010 $1,191,706,010 - total dollar volume through November, an increase of 4.75% from same time period 2010 700 - total transactions for the month, an increase of 12.5% from same time period 2010 Both dollars and transactions continue to track ahead of 2010 Aspen posed 31 transactions ($105 million), Interval Units 11 ($3.5 million), Snowmass Village 7 ($7.7 million), Basalt 2 ($3.4 million), Woody Creek 1 ($3.2 million), Carbondale 1 ($850,000), Redstone 1 ($329,500), Old Snowmass 1 ($220,000). The remaining 2 transfers were quit claim deeds with doc fees totaling $32,000. Notable single family home sales for November include: $20.75 million - Ridge at Red Mountain, $16 million - Little Cloud, and $15 million - Ridge at Red Mountain. All three of these were new construction There were 2 bank sales in November totaling $1.98 million. This accounts for 3.5% of the transactions and 1.6% of the volume Aspen - 1, Snowmass Village - 1 Through November, there have been 47 bank sales totaling $32.3 million in Pitkin County. This accounts for 6.7% of the transactions and 2.7% of the dollars The average single family home sold price through November totals $4,213,960, a decrease of 3% from full year 2010 The median single family home sold price through November is $2,837,500, a decrease of 11% from full year 2010 Fractional dollars for November total $3,455,350, a decrease of 13% from November 2010 Fractional transactions for November total 11, a decrease of 27% from November 2010 Ritz Carlton - 4, St. Regis - 3, Hyatt Grand Aspen - 2, Residences at Little Nell - 1, and Sanctuary Through November, fractional dollars total $86,018,714, an increase of 9% from same time period 2010 Through November, fractional transactions total 199, an increase of 23% from same time period 2010$90,428,710 - total dollars for the month, a decrease of 54% from October 2010
59 - total transactions for the month, an increase of 5.4% from October 2010

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