Aspen Real Estate Blog

Aspen / Snowmass 2011 Highlights

Michael Perau - Monday, March 14, 2011
The Aspen / Snowmass real estate market continues to cater to savvy buyers looking for value, location, and amenities.  For the month of February 2011, there were 23 sales with any average sold price of $4.56 million.  The below statistics from Land Title give a good comparison to an overall great start to 2011.  January 2011 was up 52% for dollar volume and 59% for transactions over January 2010.  This is a positive indicator of the continued real estate market recovery in Aspen and Snowmass.

Summary for the month of January 2011

  • $84,137,903 – total dollars, an increase of 52% from January 2010
  • 78 – total transactions, an increase of 59% from January 2010
  • 41 of the transactions were interval units, Aspen totaled 21, Basalt 6, Snowmass Village 5, Quit claim transfers 3, Old Snowmass and Carbondale each had 1
  • Aspen reported nearly $44 million, Snowmass Village $22.6 million, Interval units $10.1 million, Basalt $5.9 million, Old Snowmass $640,000, Quit Claims $466,390, and Carbondale $333,000
  • There were 5 bank sales in Pitkin County for the month, totaling $3.6 million – this represents 4.3% of the dollars and 6.4% of the transactions
    • 2 – Basalt, 1 – Aspen, 1 – Snowmass Village, and 1 – Interval unit
  • The average single family home sold price in January totaled $4.16 million, a decrease of 4% from full year 2010
  • The median single family home sold price in January totaled $2.08 million, a decrease of 35% from full year 2010

 



 



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