Market Information

Market Analysis for the Roaring Fork and Upper Grand Valley is provided by Land Title Guarantee Company, as of November 2010.

For additional market information on the Roaring Fork Valley, please contact any one of our Mason Morse offices.

• $118,441,223 – total dollars for the month – increase of 45% from November 2009
• 66 – total transactions for the month – decrease of 8% from November 2009
• Through November, dollars total $1,137,683,409 – increase of nearly 15% from same time period 2009
• Through November, transactions total 622 – decrease of 3% from same time period 2009
• Aspen captured 30 of the transactions, Interval units totaled 15, Redstone posted 8, Snowmass Village 6, Basalt 4, Woody Creek 2, and Carbondale 1
• Aspen, Intervals, and Basalt each reported increases in transaction activity over October
• Aspen dollars totaled $91.2 million, Snowmass $12.6 million, Woody Creek $5 million, Intervals $4 million, Carbondale $2 million, Redstone $1.9 million, and Basalt $1.8 million
• There was a notable commercial sale totaling $17,750,000 for Benton Building Condos (Unit 1 & 2) – in Aspen
• There were 2 sales in November that listed banks as the grantor totaling $575,000 in volume, representing 3% of the transactions and only .5% of the volume
• The average single family home sold price in Pitkin County totals $4,328,538 through November, a decrease of 12% from full year 2009
• The median single family home sold price in Pitkin County totals $3,175,000 through November, an increase of 1% from full year 2009
• $3,986,718 – total interval dollars – a decrease of 27% November 2009
• 15 – total interval transactions – a decrease of 25% from November 2009
• Through November interval dollars total $79,111,648, a decrease of 56% from same time period 2009
• Through November interval transactions total 162, a decrease of 39% from same time period 2009

• $19,163,600 – total dollars for the month – increase of 46.6% from November 2009
• 58 – total transactions for the month – increase of 26.1% from November 2009
• $211,138,100 – total dollar volume for the year – increase of 4.6% from 2009, same time period
• 618 – total transactions for the year – increase of 9.8% from 2009, same time period
• 13 was the magic number for the month – Glenwood Springs, Rifle and New Castle each had 13 transactions, Carbondale reported 7, Silt 5, Parachute 3, Battlement Mesa 2, and Rural Garfield County 2
• Glenwood Springs led the county in dollar volume at $5.9 million, Carbondale came in at nearly $4 million (included in this total was a transaction totaling $1.2 million), New Castle totaled $3.4 million, Rifle $2.3 million, Silt $1.3 million, Rural Garfield County $1.1 million, Battlement Mesa $635,000, and Parachute $550,000
• November reported the most transaction activity with regard to bank owned properties for the year with 19 – 33% of the total transactions
  • 7 – New Castle, 6 – Rifle, 2 – Silt, and Parachute, Battlement Mesa, Carbondale, and Glenwood Springs each reported 1
• Dollar volume totaled $3.3 million – 17% of the total dollar volume
• Through November, there have been 110 bank owned sales, totaling $26.7 million.  This represents 18% of the transactions and 13% of the volume
• The average single family home sold price through November totals $378,740 – a decrease of 9% from full year 2009
• The median single family home sold price through November totals $298,750 – a decrease of 12% from full year 2009
  • Refer to page 3 of the PDF for more detail
• Through November, there have been 367 single family transactions, of those 71% have sold for $400,000 or less