The Maroon Bells. (File photo by Troy Hooper)
More than $237.6 million worth of Pitkin County real estate changed hands in September — the most of any month this year and 2 percent more than the same month last year, according to the latest Land Title Guaranteed Co. market analysis.
Likewise, there were 409 total real estate transactions in September — the most of any month this year and a 438 percent improvement over the same month last year, the analysis showed. Most of the sales were intervals.
Intervals were up again in September with a flurry of Innsbruck deals. But if the month’s 324 interval transactions were removed, the transaction increase from last September would’ve been 12 percent.
A couple notable sales boosted the dollar total for the month.
Wildcat Ranch sold for $44 million and Aspen Valley Ranch sold for $27 million.
Year to date, real estate dollars total $987,721,443 — a decrease of 2 percent from the same period in 2012. Year to date, transactions total 1,321 — an increase of 156 percent from the same period in 2012.
Foreclosures are also playing a part in Pitkin County’s figures. There were five bank sales recorded in the county for September totaling $4.8 million. The bank sales accounted for 1 percent of the transactions and 2 percent of the dollars. Year to date, there have been 70 bank sales recorded in the county, totaling $46 million, and accounting for 5 percent of the transactions and 4.7 percent of the dollars.
Here are some other notable statistics from Land Title Guaranteed’s report on Pitkin County real estate:
- The average single family home sold price thru September is $3,669,187 — a decrease of 13 percent from full year 2012
- The median single family home sold price thru September is $2,350,000 — a decrease of 16 percent from full year 2012
- Buyer profile through September: 78 percent were out of state (domestic), 18 percent were local, 3 percent were international, and 1 percent hailed from the Front Range
- Excluding intervals, 51 percent were cash sales and 49 percent were financed
- Including intervals, 33 percent were cash sales and 67 percent were financed
- Interval dollar volume for September was up 42 percent from September 2012, with a total of $21 million
- Interval transaction volume for September was up 1,443 percent from September 2012, with a total of 324
- Through September, interval dollar volume totals $58,873,748 — an increase of 29 percent from same period 2012
- Through September, interval transaction volume totaled 818 — an increase of 672 percent from same period 2012