Aspen Real Estate Blog

The below statistics from Land Title give a good comparison to an overall great start to 2011.  February 2011 was up 135% for dollar volume and 8% for transactions over February 2010.  This is a positive indicator of the continued real estate market recovery in Aspen and Snowmass. Year to date our market is up 91% over 2010 sales figures.  Review the summary below.

Summary for the month of February 2011

•  $115,915,853 – total dollars for the month – an increase of 136% from February 2010
• 50 – total transactions for the month – an increase of 8.7% from February 2010
• Year to date dollars total $200,053,756 – an increase of 91.5% from same time period 2010
• Year to date transactions total 128 – an increase of approximately 35% from same time period 2010
• Aspen led in transactions with 19, Interval Units followed with 13, Snowmass Village 8, Woody Creek and Old Snowmass each posted 4, and Basalt 2
• Aspen also led in dollar volume with $97.5 million, Snowmass Village followed with $9 million, Intervals $4.4 million, Old Snowmass $3.4 million, Woody Creek $871,481, and Basalt $730,000
• Of the 50 transactions for the month, 3 were flagged as bank sales totaling $1.1 million, this accounts for less than 1% of both transaction and dollar volume
• 2 bank sales were in Old Snowmass and 1 was in Basalt
• Year to date, there have been 8 sales flagged as bank sales, totaling $4.7 million, this accounts for less than 1% of the transactions and 2.3% of the dollars
• Included in this month’s totals are some notable residential sales, all in Aspen (Zone 1)
• $20 million – Aspen Electric Subdivision, $19.5 million - Starwood, $16 million – Metes & Bounds on Star Mesa Road, and $13 million – Skyview PUD
• The average single family home sold price in Pitkin County through February totals $5.57 million, an increase of 28% from full year 2010
• The median single family home sold price in Pitkin County through February totals $2.55 million, a decrease of 20% from full year 2010