Following are a summary of highlights from the May 2013 Pitkin County Market Analysis courtesy of the Land Title Guarantee Company.
- May was the strongest month thus far in 2013 in both dollar and transaction volume!
- $116,140,963 - total dollars for May, an increase of 15% from May 2012
- 75 - total transactions for May, an increase of 32% from May 2012
- Year to date, dollars total $418,757,381 a decrease of 6% from same period 2012
- Year to date, transactions total 315, an increase of 17% from same period 2012
- For the month, Aspen posted 34 transactions ($90 million), Snowmass Village 20 ($19.8 million), Interval units 11 ($2.1 million), Old Snowmass 5 ($3.4 million), Basalt 3 ($1.6 million), and Redstone 2 ($260,000).
- There were 6 bank sales recorded in the county for May totaling $5.4 million. This accounted for 8% of the transactions and 4.7% of the dollars (see page 9 for more details)
- Year to date, there have been 50 bank sales recorded in the county, totaling $33 million. This accounts for 16% of the transactions and 8% of the dollars.
- The average single family home sold price thru May is $3,083,155, a decrease of 27% from full year 2012
- The median single family home sold price thru May is $2,300,000, a decrease of 18% from full year 2012
- Interval dollar volume for May was down 74% from May 2012, with a total of $2.1 million
- Interval transaction volume for May was down 8% from May 2012, with a total of 11
- Interval transaction breakdown for May: Hyatt Grand Aspen - 7, Dancing Bear Aspen - 2, and Sanctuary -1
- Through May, interval dollar volume totals $17,240,817, a decrease of 19% from same period 2012
- Through May, interval transaction volume totaled 67, an increase of 22% from same period 2012
- Buyer profile through May: 54% were out of state (domestic), 36% were Local, 8% were International, and 2% Front Range
- Loan info through May, 53% of the sales were cash and 47% were financed
View the complete May 2013 Pitkin County Market Report.
