Aspen Real Estate Online
Real Estate in the Rockies
Aspen, Colorado
Current Market Analysis
JANUARY '11 THROUGH AUG '11
Statistics from
Land Title Guarantee
(FIGURES FOR ALL OF PITKIN COUNTY)
2006 total dollar volume sold: $2,635,167,495
2007 total dollar volume sold: $2,515,295,672
2008 total dollar volume sold: $1,365,742,938
2009 total dollar volume sold: $1,072,548,228
2010 total dollar volume sold: $1,262,919,589
2011 year to date Jan-Aug: $839,350,101
2011 has made a dramatic
up-turn in sales. Several months have seen a decrease in sales; however the dollar volume and number of properties sold are up for the year. If you are on the fence and waiting for prices to
continue to go down I would like to send a word of caution. There are
still properties that are way over priced and need to come down to the price
per square foot were things are selling. We will still see those drop.
With the numbers you will see below, and on the attached PDF below, of figures from Land
Title Guarantee the inventory is going to start going down fairly rapidly. The overpriced properties will take care of themselves as prices will
start to rise. This is the first time in three years that we have
seen an increase in numbers across the board. It’s still a buyer’s market
and I would hate for you to miss this opportunity. Contact me if you would more information.
Summary for the month of August
- $90,403,628 - total dollars for the month, an increase of 21% from August 2010
- 66 - total transactions for the month, an increase of 25% from August 2010
- Through August, dollar volume totals $839,350,101 - up 16% from same time period 2010
- Through August, transactions total 498 - up 13.7% from same time period 2010
- Aspen led the county with 27 transactions ($66.4 million), Intervals followed with 17 transactions ($6.2 million), Snowmass Village had 12 transactions ($10.4 million), Basalt 5 ($4.3 million), Old Snowmass 2 ($2.7 million), Woody Creek 1 ($375,000)and $375,000, Redstone 1 ($10,000), The remaining transaction was a quit claim transfer totaling $10,300
- There were 2 bank sales in the county in August, totaling $1.46 million. This accounts for 1.6% of the dollars and 3% of the transactions
- Through August, there have been 42 bank sales, totaling $28.6 million. This accounts for 3.4% of the dollars and 8.4% of the transactions
- The
average sales price of a bank owned property (all areas, all types) through
August is $650,549
- The average single family home sold price through August totals $4,498,622, an increase of 4% from full year 2010
- The median single family home sold price through August totals $2,650,000, a decrease of 17% from full year 2010
- Fractional dollars for August totaled 46,163,900, an increase of 38% from August 2010
- Fractional transactions for August totaled 17,
an increase of 21% from August 2010
- Ritz
Carlton - 5, St. Regis - 3, Innsbruck ,Hyatt Grand Aspen, Residences at Little
Nell, and Timbers - 2, and Shadow Mountain Lodge - 1
- Ritz
Carlton - 5, St. Regis - 3, Innsbruck ,Hyatt Grand Aspen, Residences at Little
Nell, and Timbers - 2, and Shadow Mountain Lodge - 1
- Through August, fractional dollars total
$67,114,799, an increase of 7% from same time period
2010
- Through August, fractional transactions total 151, an increase of 31% from same time period 2010
"IT'S A GREAT TIME TO BUY!"
Click Here For:
Best Buy List
Mark P. Ronay, GRI
Aspen Real Estate Company
620 E. Hyman Ave., Suite 102
Aspen, CO 81611
Office: 970.920.2006
Cell: 970.309.4492
Fax: 970.925.3531
CONTACT MARK
