2009 Year End Pitkin County Market Analysis (Aspen)

Finally,
we can turn the page to 2010! Please see attached for the Year End 2009
Pitkin County Market Analysis courtesy of Land
Title Guarantee Company

2009 Year End Summary



Pitkin
County reported the highest gross volume of the 5 county area that Land Title
tracks (Pitkin, Eagle, Routt, Summit, and Garfield), and the lowest percentage
decline of the five from 2008!



$81,241,755 total dollars for December, down 27.5%
from December 2008
60 total transactions for December, down 10.5%
from December 2008
2009 total dollar volume came in at
$1,072,548,228, down 21.5% from 2008
2009 total transactions were 702, down 15% from
2008
Interval sales were down significantly in the
month of December, with only 6 reported, that was a decrease of 78% from
December 2008
Interval dollars were also down in December,
to $2.5 million, a decrease of 59% from December 2008
For the year, interval dollars came in at $182
million, up 260% from 2008’s year end total
For 2009, interval transactions totaled 272, which
is an increase of 19% over 2008
Aspen, Basalt, and Old Snowmass all reported
transaction increases over November 2009
Aspen led the county with 27 transactions in
December, followed by Snowmass Village with 15, Basalt 7, Intervals 6, and
Woody Creek 1
For the year, Aspen led with 277, Intervals
followed with 272, Snowmass 85, Basalt 28, Old Snowmass 19, Woody Creek
10, Redstone 8, Carbondale 1, the remaining 2 were quit claims with doc
fees
December dollar volume was up from November for
the county over all, as were Aspen and Old Snowmass
Aspen reported $61 million in December, Old
Snowmass $10 million, Snowmass Village $4.2 million, Basalt $2.55 million,
Intervals $2.5 million, and Woody Creek $280,000
For the year, Aspen reported 64% of the dollars
with $685 million, Intervals followed with $182 million (17%), Snowmass
Village $112 million (10%), Old Snowmass $31 million (3%), Basalt $30.5
million (2.8%), Woody Creek $28.6 million (2.7%), Redstone $2.7 million
(.25%), Carbondale $470,000 (.04%)
The 2009 average single family home sold price for
Pitkin County, came in at $4.9 million, which is down overall 4% from
2008’s year end total

Please note many of the individual areas within
Pitkin County have declined greater than 4%, please see page 4 of the PDF
for more information

The 2009 median single family home sold price for
Pitkin County totaled $3.153 million, this is a decrease of 23% from
2008’s median

Again, please see page 4 of the PDF for breakdown
of individual areas

 

 

Download DECEMBER 2009 PITKIN.pdf