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

MARCH 2012

$104,686,039 - total dollars for March, an increase of 18% from March 2011

48 - total transactions for March, a decrease of 29% from March 2011

Through March, dollars total $246,703,083, a decrease of 15% from same time period last year

Through March, transactions total 149, a decrease of 24% from same time period last year

Aspen posted 20 transactions ($81.5 million), Snowmass Village 9 ($15.5 million), Interval Units 8 ($4 million), Basalt 6 ($2.7 million), Carbondale 2 ($920,000).  The remaining 3 transactions were quit claim transfers with doc. fees totaling $3,000.

There were 5 bank sales (bank as the grantor) for the month, totaling $7.3 million.  This accounted for 10% of the transactions and 7% of the dollars; (Basalt - 2, Aspen -1, Carbondale - 1, and Snowmass Village - 1)

Through March, there have been 13 bank sales, totaling $10.2 million.  This accounts for 9% of the transactions and 4% of the dollars

The most notable sale for March was for Dancing Bear Residences - totaling $24.2 million

The average single family home sold price through March is $3,409,981 a decrease of 17% from full year 2011

The median single family home sold price through March is $2,550,000, an decrease of 9% from full year 2011

Interval dollar volume for March was down 12% from March 2011, with a total of $4,032,000

Interval transaction volume for March was down 53% from February 2011, with a total of 8

Interval transaction breakdown for March:  Residences at Little Nell - 2, Residences at Snowmass Club - 2, Ritz Carlton - 1, Hyatt Grand Aspen - 1, and Timbers Club - 1

Through March, interval dollar volume is down 41% from same period 2011 with a total of $11,319,400

Through March, there have been 32 interval transactions, a decrease of 55% from same time period 2011

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Month to Month Comparison  By Total Dollar Volume

Provided by Land Title