Aspen Real Estate Blog

The below statistics from Land Title demonstrate a steady recovery to our resort market. June 2011 increased 50% for dollar volume and up 32% for transactions over June 2010. Year to date our market is up 23% over 2010 sales figures for dollar volume and 13% for transaction activity.  Please review the summary recap below:
Summary for the month of June 2011:

• $173,547,002 - total dollar volume, an increase of 50% from June 2010
• June is the strongest dollar month thus far in 2011
• Notable sales include:  Silver Tree Hotel PUD (Commercial) $38,750,000 and a residential unit in Snowmass Village for $16 million
• 66 - total transactions, an increase of 32% from June 2010
• Through June, dollars total $709,571,212 - an increase of 24% from same period 2010
• Through June, transactions total 389 - an increase of 13% from same time period 2010
• Aspen (Zone 1) reported 30 of the transactions, Interval units 13, Snowmass Village 11, Basalt 6, Woody Creek 1, Old Snowmass 1, Carbondale 1, and Redstone 1.  The remaining 2 transfers were quit claim deed transfers.
• Aspen's dollar volume totaled nearly $82 million, Snowmass Village $79.3 million, Interval units $7.5 million, Basalt $2.4 million, Woody Creek $1 million, Old Snowmass $635,000, Carbondale $520,000, Redstone $145,000, the remaining $34,875 were quit clam transfers
• There were a total of 5 bank owned transactions in June.  This accounts for 8% of the transactions and 2.4% of the dollars.
  • 2 - Snowmass Village, 1 - Aspen, 1 - Basalt, 1 - Interval Unit
• Through June there have been 36 bank owned transactions.  This accounts for 9% of the transactions and 3% of the dollars
• The average single family home sold price for Pitkin County thus far in 2011 is $4.8 million, an increase of 10% from full year 2010
• The median single family home sold price for Pitkin County thus far in 2011 is $3.1 million, a decrease of 2% from full year 2010