Aspen Real Estate Blog

The below statistics from Land Title demonstrate a steady recovery to our resort market.  April 2011 was down 29% for dollar volume and up 3% for transactions over April 2010. Year to date our market is still up 8.5% over 2010 sales figures for dollar volume and 7.6% for transaction activity.  Please review the summary recap below.

• $119,488,884 – total dollar volume for the month (strongest dollar month thus far in 2011), a decrease of 29% from April 2010
• It should be noted that April 2010 included commercial dollar volume of approximately $43 million
• 73 – total transactions for the month, an increase of 2.8% from April 2010
• Through April, dollars volume is up 8.5% to $408,620,377
• Through April, transactions are up 7.6% to 269
• Aspen reported 25 transactions ($55 million), Interval units totaled 24 ($22.3 million), Snowmass Village posted 15 ($21.7 million), Old Snowmass totaled 3 ($14.2 million), Woody Creek reported 2 ($4.3 million), Carbondale 2 ($783,000), Basalt 1 ($815,000), and Redstone 1 ($425,000)
• There were 6 bank sales recorded in April, totaling $3.475 million.  This accounts for less than 1% of the transactions and less than 3% of the dollars
• 2- Aspen, 2- Snowmass Village, 1 – Old Snowmass, and 1 – Interval ownership
• Through April there have been 26 bank sales reported totaling $18 million in dollars.  This accounts for less than 1% of the transactions and 4.4% of the total dollars
• The average single family home sold price through April is $4,423,650, which is an increase of 2% from full year 2010
• The median single family home sold price through April is $3.075 million, which is a decrease of 3% from full year 2010