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Pitkin County December Year-End 2010 Real Estate Results

Highlights for the December year end 2010 Pitkin County Market Analysis:

* $125,236,180 total dollars for December, an increase of 54% from December 2009

* 67 total transactions for December, an increase of 11.7% from December 2009

* For the year, $1,262,919,589 an increase of 17.75% over 2009

* For the year, 689 total transactions a decrease of 1.9% from 2009

* Aspen led the county in transactions for December with 36, Interval units accounted for 14, Basalt 6, Snowmass Village 5, Carbondale and Redstone each had 2, and Old Snowmass 1. The remaining transaction for the month was a quit claim deed with a doc fee.

* For the year, Aspen led the county with 310 transactions; Interval units represented 176, Snowmass Village 96, Basalt 29, Redstone 18, Woody Creek 14, Old Snowmass 13, and Carbondale 12. The remaining 21 transactions were quit claims with doc fees.

* Aspen also led the county in dollars for December with $108.4 million, Carbondale followed with $6.6 million, Snowmass Village $5.7 million, Interval units $2.2 million, Redstone $920,000, Basalt $761,000, and Old Snowmass $650,000. The remaining $8,000 was the quit claim transfer.

* For the year, Aspen reported the highest transaction volume with $926.6 million, Snowmass Village followed with $176.9 million, Interval units $81.3 million, Carbondale $21.5 million, Old Snowmass $18.5 million, Woody Creek $17.2 million, Basalt $11 million and Redstone $6.7 million. The remaining $3.2 million were quit claim transfers.

* There were 2 bank owned transactions for December totaling $6.3 million this represents 3% of the transactions and 5% of the dollars

* For the year, there were a total of 13 bank owned sales totaling $19.3 million this represents 1.9%of the annual transactions and 1.5% of the dollars

* The average single family home sold price for 2010 was $4,341,199, a decrease of 11% from 2009s $4,902,989

* The median single family home sold price for 2010 was $3,175,000, an increase of 1% from 2009s total of $3,153,088

* Fractional dollar activity for December totaled $2,233,499 a decrease of 11% from December 2009

* Fractional transaction activity for December totaled 14 an increase of 133% from December 2009

* For the year, fractional dollars totaled $81,345,147 a decrease of 55% from 2009

* For the year, fractional units totaled 176 a decrease of 35% from 2009

Market Information provided courtesy of Land Title Guarantee Company.

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