The dollar volume for Pitkin County real estate sales dropped 45 percent in April compared to the same month last year, while transactions for the month fell 47.7 percent for the same period.
The new data, compiled and released by Land Title Guarantee Co. on Monday, shows that year-to-date dollar volume is at $343,209,442, which is 30 percent off last year’s mark at this time. Total transactions for the year are 239, a decrease of 19 percent.
Twenty-one of the transactions in April, or nearly half, took place in Aspen, 17 were fractional units, four transactions occurred in Snowmass, two in Basalt and one in Old Snowmass.
The average single-family home price for the year so far is just above $5.38 million, up 5 percent over the full year of 2008. The median single-family home price for the year so far is $5 million, up 22 percent over the full year of 2008, Land Title Guarantee reported. One home at Buttermilk Meadows sold for $12 million.
Of the 17 fractional sales, seven were at the Ritz-Carlton Highlands, three were at Hyatt Grand Aspen, two at Dancing Bear, two at Timbers, and Residences at Little Nell, Sanctuary and Shadow Mountain Lodge each recorded one sale, the title company’s data showed.
In Garfield County, dollar volume dropped 75.87 percent in April compared to the year prior and transactions fell 75.85 percent. Even so, April was the highest dollar volume for a month in that county so far this year and the number of transactions was second only to February.
Year-to-date real estate dollar volume in Garfield County stands at $62,208,600, down about 80 percent from 2008, and year-to-date transactions are at 160, down about 73 percent from 2008.
Carbondale led the county with transactions, reporting a total of 14 (five of which were in Keator Grove), Glenwood followed with 12, New Castle totaled eight, Rifle showed six and Parachute and Silt each had one, according to Land Title Guarantee.
The average single-family home price year to date in Garfield County is $523,232, an increase of 17 percent over the full year of 2008 and the median single-family home price year to date is $449,000, up 21 percent over the full year of 2008, the title company reported.