The below statistics from Land Title demonstrate a steady recovery to our resort market. September 2011 increased 38% for dollar volume and up 38% for transactions over September 2010. Year to date our market is up 19% over 2010 sales figures for dollar volume and 17% for transaction activity. Please review the summary recap below:
Summary for the month of September 2011
• September was the strongest transaction month since April 2008, with a total of 86
• September boasted the second strongest dollar month of the year
• $137,723,013 - total dollars for the month, an increase of 38% from September 2010
• 86 - total transactions for the month, an increase of 38.7% from September 2010
• Through September, dollars total $977,073,114 - an increase of 18.8% from same time period 2010
• Through September, transactions total 584, an increase of 16.8% from same time period 2010
• Aspen posted 34 transactions and $88.7 million, Intervals posted 24 and $8.8 million, Basalt 9 and $7 million, Snowmass Village 8 and $16 million, Old Snowmass 5 and $15.4 million, Woody Creek 2 and $449,440, Carbondale 1 at $1.04 million, and Redstone 1 at $250,000. The remaining $6,000 was 2 quit claim transfers with doc fees
• Bank Sales for the month totaled 3 with a dollar volume of $1.74 million. This accounts for 3.5% of the transactions and 1.3% of the dollar volume
◦ 1 - Aspen, 1 - Basalt, and 1 - Interval Unit
• Through September, there have been a total of 45 bank sales in the county with a total of $30.3 million. This accounts for nearly 8% of the transactions and 3% of the dollars
• Notable sales for the month included: Highest Priced - $9.6 million for a single family residence in the City of Aspen, Highest PPSF - $2,858/foot for Commercial office space on Main Street with a sales price of $314,388
• The average single family sold price through September is $4,118,399 - a decrease of 5% from full year 2010
• The median single family sold price through September is $3,537,500 - an increase of 11% from full year 2010
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