Land Title Market Analysis by Fee Simple Transfers: Pitkin County 2009
2010
2011
2012
2013
2014
2015
January February March April May June July August September October November December YTD Totals
$51,067,849 $65,200,368 $32,854,531 $68,630,306 $56,681,718 $57,563,989 $116,154,221 $48,327,723 $124,844,807 $114,678,430 $75,939,052 $78,720,955 $217,753,054
$49,615,385 $38,868,999 $100,605,244 $158,544,632 $73,320,335 $100,602,177 $68,183,086 $70,001,699 $90,318,503 $194,057,196 $114,454,505 $123,002,681 $347,634,260
$73,988,349 $111,550,853 $84,472,737 $97,210,864 $120,682,933 $166,017,477 $34,072,361 $84,239,728 $128,951,013 $83,752,145 $120,748,836 $74,705,410 $367,222,803
$94,010,915 $40,718,729 $100,654,039 $97,359,781 $92,462,347 $141,664,462 $77,226,626 $102,778,767 $217,665,305 $136,910,144 $69,202,013 $265,449,558 $332,743,464
$75,588,955 $34,756,879 $69,193,237 $107,933,030 $114,044,463 $99,784,738 $83,551,350 $127,377,401 $216,617,642 $121,835,246 $112,317,241 $74,667,650 $287,472,101
$35,592,328 $96,506,369 $97,805,193 $172,030,423 $187,358,202 $73,504,025 $84,125,294 $121,968,946 $200,084,788 $158,401,154 $149,521,948 $140,159,693 $401,934,313
$186,520,543 $174,375,128 $126,018,523 $198,596,859
$685,511,053
% Change vs. Previous Year 424.05% 80.69% 28.85% 15.44% -100.00% -100.00% -100.00% -100.00% -100.00% -100.00% -100.00% -100.00% 70.55%
Annual Totals
$890,663,949
$1,181,574,442
$1,180,392,706
$1,436,102,686
$1,237,667,832
$1,517,058,363
$685,511,053
-54.81%
Month
Please Note: June 2006 has a transaction of $48,500,000, December 2007 has one transaction of $36,500,000, April 2008 has one transaction of $36,375,000. September 2012 includes a QCD transaction for $90,000,000. July 2013 had 314 Interval Transaction closings.
Copyright Š 2011. Land Title Guarantee Company. All Rights Reserved.
2009
2010
2011
2012
2013
2014
2015
January February March April May June July August September October November December YTD Totals
31 30 18 29 28 32 25 28 56 47 52 54 108
39 33 70 51 30 32 29 39 43 43 51 53 193
37 37 51 49 39 53 32 49 62 46 46 46 174
43 34 40 53 45 52 38 51 55 60 56 82 170
36 35 53 60 64 48 67 55 85 64 53 47 184
27 61 77 67 73 42 50 62 74 77 65 72 232
49 37 98 72
256
% Change vs. Previous Year 81.48% -39.34% 27.27% 7.46% -100.00% -100.00% -100.00% -100.00% -100.00% -100.00% -100.00% -100.00% 10.34%
Annual Totals
430
513
547
609
667
747
256
-65.73%
Month
Interval Transactions are not included in these tables. See Interval Sales Transactions & Yearly Side by Side Analysis.
Compliments of: Land Title Aspen Bob Rulon
970-925-1678
Land Title Market Analysis All Transaction Comparison: Pitkin County Month to Month Comparison by Dollar Volume
Month
January February March April May June July August September October November December
Year-toDate Total
2009
% Change vs. Previous Yearto-Date
2010
% Change vs. Previous Yearto-Date
2011
% Change vs. Previous Yearto-Date
2012
% Change vs. Previous Yearto-Date
2013
% Change vs. Previous Yearto-Date
2014
% Change vs. Previous Year-toDate
$115,936,999 $106,356,206 $46,906,531 $74,009,706 $64,477,218 $63,784,489 $126,622,273 $56,984,673 $128,180,662 $126,613,840 $81,433,876 $81,241,755
-8.85% -19.11% -52.82% -45.35% -43.63% -41.44% 1.73% -64.50% 27.43% 46.33% 25.69% -27.48%
$55,349,360 $49,136,999 $103,247,244 $168,793,594 $81,899,335 $115,390,224 $74,155,436 $74,470,199 $99,756,099 $197,043,696 $118,441,223 $125,236,180
-52.26% -53.80% 120.11% 128.07% 27.02% 80.91% -41.44% 30.68% -22.18% 55.63% 45.44% 54.15%
$84,137,903 $115,915,853 $89,077,737 $119,488,884 $127,403,833 $173,547,002 $39,375,261 $90,403,628 $137,723,013 $90,428,710 $124,204,186 $77,740,576
52.01% 135.90% -13.72% -29.21% 55.56% 50.40% -46.90% 21.40% 38.06% -54.11% 4.87% -37.92%
$96,653,315 $45,363,729 $104,686,039 $99,180,781 $100,619,347 $147,102,867 $78,740,126 $105,496,731 $232,414,305 $141,281,894 $70,112,013 $269,713,558
14.87% -60.86% 17.52% -17.00% -21.02% -15.24% 99.97% 16.70% 68.75% 56.24% -43.55% 246.94%
$79,873,838 $38,389,379 $73,084,171 $111,269,030 $116,140,963 $101,933,738 $90,966,690 $138,447,113 $237,616,521 $128,803,398 $115,804,611 $78,706,505
-17.36% -15.37% -30.19% 12.19% 15.43% -30.71% 15.53% 31.23% 2.24% -8.83% 65.17% -70.82%
$43,278,212 $103,049,828 $103,895,043 $180,236,593 $192,877,482 $79,192,062 $89,266,089 $125,277,165 $205,721,939 $166,391,258 $150,613,523 $145,185,198
-45.82% 168.43% 42.16% 61.98% 66.07% -22.31% -1.87% -9.51% -13.42% 29.18% 30.06% 84.46%
$188,017,079 $176,782,289 $128,933,964 $207,934,609
334.44% 71.55% 24.10% 15.37% -100.00% -100.00% -100.00% -100.00% -100.00% -100.00% -100.00% -100.00%
$1,072,548,228
-21.47%
$1,262,919,589
17.75%
$1,269,446,586
0.52%
$1,491,364,705
17.48%
$1,311,035,957
-12.09%
$1,584,984,392
20.90%
$701,667,941
-55.73%
2015
% Change vs. Previous Year-toDate
Please note: The above figures include ALL transactions; Fee Simple and Interval. They are an unofficial tabulation of Pitkin County records that are believed to be reasonably accurate.
Month to Month Comparison by Number of Transactions
Copyright Š 2011. Land Title Guarantee Company. All Rights Reserved.
2009
% Change vs. Previous Yearto-Date
2010
% Change vs. Previous Yearto-Date
2011
% Change vs. Previous Yearto-Date
2012
% Change vs. Previous Yearto-Date
2013
% Change vs. Previous Yearto-Date
2014
% Change vs. Previous Year-toDate
January February March April May June July August September October November December
78 74 41 46 45 47 43 44 74 78 72 60
-20.41% 19.35% -14.58% -47.73% -43.75% -38.96% -34.85% -33.33% 21.31% 14.71% 53.19% -10.45%
49 46 84 71 44 50 41 53 62 56 66 67
-37.18% -37.84% 104.88% 54.35% -2.22% 6.38% -4.65% 20.45% -16.22% -28.21% -8.33% 11.67%
78 50 68 73 54 66 43 66 86 59 57 56
59.18% 8.70% -19.05% 2.82% 22.73% 32.00% 4.88% 24.53% 38.71% 5.36% -13.64% -16.42%
55 46 48 64 57 64 47 60 76 77 65 90
-29.49% -8.00% -29.41% -12.33% 5.56% -3.03% 9.30% -9.09% -11.63% 30.51% 14.04% 60.71%
59 44 65 72 75 54 381 162 409 100 107 174
7.27% -4.35% 35.42% 12.50% 31.58% -15.63% 710.64% 170.00% 438.16% 29.87% 64.62% 93.33%
128 84 99 160 154 77 60 137 268 212 78 117
116.95% 90.91% 52.31% 122.22% 105.33% 42.59% -84.25% -15.43% -34.47% 112.00% -27.10% -32.76%
78 65 122 135
-39.06% -22.62% 23.23% -15.63% -100.00% -100.00% -100.00% -100.00% -100.00% -100.00% -100.00% -100.00%
Year-toDate Total
702
-15.22%
689
-1.85%
756
9.72%
749
-0.93%
1,702
127.24%
1,574
-7.52%
400
-74.59%
Month
2015
% Change vs. Previous Year-toDate
Interval Sales in 2013 reflect a sell-off in Innsbruck totalling: $16,915,371 with 857 transactions that started in July, 2013 and continued througout the end of the year. See Fee Simple Transactions for Transactions/Gross without Intervals. 108inS.2014 YTD. include 0030 Benchmark Rd Market Street All Interval Sales 827 Transactions through 65 December 31st, 2014. YTD: Interval Transactions for 2015 = 144 Transactions.
Compliments of: Land Title Aspen Bob Rulon
970-925-1678
Land Title Market Snapshot by Area: Pitkin County Area
Average Price Average Price Single Family YTD: Single Family 2014
2015
% Change vs. Previous Yearto-Date
Average Price Average Price Multi-Family YTD: Multi-Family 2014
2015
% Change vs. Previous Yearto-Date
Average Price Average Price Vacant Land YTD: Vacant Land 2014
2015
% Change vs. Previous Yearto-Date
Aspen: Zone1
$6,350,914
$8,152,241
28%
$2,041,098
$2,358,245
16%
$2,978,323
$3,350,000
12%
Snowmass Village: Zone 2
$2,602,785
$3,955,107
52%
$843,807
$1,248,164
48%
$1,531,636
$1,300,000
-15%
Woody Creek: Zone 3
$1,966,316
$13,225,000
573%
$0
$0
0%
$1,228,648
$0
n/a
Old Snowmass: Zone 4
$1,712,808
$5,550,000
224%
$0
$0
0%
$681,250
$0
n/a
Basalt: Zone 5
n/a
$567,500
$1,600,000
182%
$1,129,077
$1,025,000
-9%
$376,308
$0
Carbondale: Zone 6
$769,193
$437,667
-43%
$650,000
$0
n/a
$102,000
$0
n/a
Redstone: Zone 8
$519,833
$420,000
-19%
$0
$0
0%
$90,000
$0
n/a
$4,004,580
$5,992,670
50%
$1,538,413
$1,967,887
28%
$1,760,142
$2,659,091
51%
Gross Live Average:
Please note: The above figures are an unofficial tabulation of Pitkin County records that are believed to be reasonably accurate. Sales belived to be inaccurate indicators of the market have been eliminated. Full Interest, Fee Simple, Arms-Length transactions only, are shown in the Snapshot Report.
Area
Median Price Median Price Single Family YTD: Single Family 2014
2015
Median Price Multi- Median Price Multi- % Change vs. Median Price Vacant Land YTD: Previous Year2014 Family YTD: 2015 Vacant Land 2014 to-Date
% Change vs. Median Price Previous YearFamily to-Date
2015
% Change vs. Previous Yearto-Date
Aspen: Zone1
$4,950,000
$5,850,000
18%
$1,250,000
$1,440,000
15%
$2,500,000
$3,900,000
56%
Snowmass Village: Zone 2
$1,850,000
$2,647,500
43%
$587,500
$754,500
28%
$1,210,000
dna
n/a
Woody Creek: Zone 3
$755,000
dna
n/a
$0
$0
0%
$885,500
$0
n/a
Old Snowmass: Zone 4
$835,000
dna
n/a
$0
$0
0%
$632,500
$0
n/a
Basalt: Zone 5
$659,000
$607,500
-8%
$659,000
$0
n/a
$510,000
dna
n/a
Carbondale: Zone 6
$408,500
$368,000
-10%
dna
$0
n/a
dna
$0
n/a
Redstone: Zone 8
$420,000
dna
n/a
$0
$0
0%
dna
$0
n/a
$2,575,000
$3,900,000
51%
$940,000
$1,055,000
12%
$1,267,500
$2,000,000
58%
Gross Live Median:
Copyright Š 2011. Land Title Guarantee. All Rights Reserved.
Compliments of: Land Title Aspen Bob Rulon
970-925-1678
Land Title Market Analysis Historical Fee Simple Sales Volume Pitkin County: 2009 through YTD. 2015 $300,000,000
$250,000,000
$205,721,939
$198,596,859 $186,520,543 $192,877,482
$200,000,000
$174,375,128
$166,391,258 $145,185,198 $150,613,523
$150,000,000
$126,018,523
$125,277,165
$79,192,062
$89,266,089
$100,000,000
$50,000,000
$0 January
2009
February
2010
March
April
2011
May
June
2012
July
August
2013
September
2014
October
November
December
YTD: 2015
Compliments of: Land Title Aspen Bob Rulon
970-925-1678
brulon@ltgc.com
Land Title Market Analysis by Area: Pitkin County All Transaction Summary
April 2015
Residential Summary
$ Volume Transactions
% of $ Volume
# of Transactions
% of Transactions
Average $ Transaction Sales Price
Median $ Transaction Sales Price
Aspen: Zone1
$160,680,458
77.27%
51
37.78%
$3,150,597
$1,100,000
$3,858,196
$1,600,000
$1,309
Snowmass Village: Zone 2
$26,486,547
12.74%
15
11.11%
$1,765,770
$1,030,000
$2,151,667
$1,800,000
$716
Woody Creek: Zone 3
$3,555,750
1.71%
3
2.22%
$1,185,250
$311,750
$2,950,000
dna
$973
Old Snowmass: Zone 4
$6,500,000
3.13%
1
0.74%
$6,500,000
dna
$6,500,000
dna
$802
$690,000
0.33%
1
0.74%
$690,000
dna
$690,000
dna
$324
$0
0.00%
0
0.00%
$0
$0
$0
$0
$0
Area
Basalt: Zone 5 Carbondale: Zone 6 Redstone: Zone 8 Interval Units Quit Claim Deeds with Doc Fees
TOTAL (BANK SALES)
Average $ Median $ Residential Sales Residential Sales Price Price
Average $ Residential PPSF
$0
0.00%
0
0.00%
$0
$0
$0
$0
$0
$9,337,750
4.49%
63
46.67%
$148,218
$30,000
$0
$0
$0
$684,104
0.33%
1
0.74%
$684,104
dna
$0
$0
$0
$207,934,609
100.00%
135
100.00%
$2,787,504
$1,055,000
$3,401,676
$1,675,000
$1,123
$1,090,000
0.52%
2
1.48%
$545,000
dna
$545,000
dna
$500
Average Residential Sales Price includes all forms of stastically viable Improved Fee Simple Residential Property: Single Family, Duplex, Triplex, Townhome and Condominium. Deed restricted properties are not included. Please note: The above figures are an unofficial tabulation of Pitkin County records that are believed to be reasonably accurate. Average Sales & Median Sales Calculations do not include Interval Units. PPSF is calculated utliizing the Assessor's Website
All Transaction Summary
YTD: Apr. 2015
Residential Summary
$ Volume Transactions
% of $ Volume
# of Transactions
% of Transactions
Average $ Transaction Sales Price
Median $ Transaction Sales Price
Aspen: Zone1
$529,357,687
75.44%
158
39.50%
$3,350,365
$1,040,000
Snowmass Village: Zone 2
$106,480,964
15.18%
59
14.75%
$1,804,762
Woody Creek: Zone 3
$27,934,839
3.98%
7
1.75%
$3,990,691
Old Snowmass: Zone 4
$11,100,000
1.58%
2
0.50%
Basalt: Zone 5
$7,691,000
1.10%
8
2.00%
Carbondale: Zone 6
$1,313,000
0.19%
3
$840,000
0.12%
$16,156,888 $793,563
TOTAL (BANK SALES)
Area
Redstone: Zone 8 Interval Units Quit Claim Deeds with Doc Fees
Average $ Median $ Residential Sales Residential Sales Price Price
Average $ Residential PPSF
$4,267,630
$2,691,729
$1,299
$1,150,000
$2,072,016
$1,612,500
$766
$316,000
$13,225,000
dna
$1,626
$5,550,000
dna
$5,550,000
dna
$693
$961,375
$607,500
$1,025,000
$607,500
$320
0.75%
$437,667
$368,000
$437,667
$368,000
$267
2
0.50%
$420,000
dna
$420,000
dna
$286
2.30%
144
36.00%
$112,201
$33,588
$0
$0
$0
0.11%
17
4.25%
$46,680
$330
$0
$0
$0
$701,667,941
100.00%
400
100.00%
$2,864,927
$1,025,000
$3,501,137
$1,800,000
$1,067
$13,777,917
1.96%
13
3.25%
$1,059,840
$765,000
$1,053,750
$762,000
$760
Copyright Š 2011. Land Title Guarantee. All Rights Reserved.
Compliments of: Land Title Aspen Bob Rulon
970-925-1678
Land Title Market Analysis Interval Transaction Comparison: Pitkin County Month January February March April May June July August September October November December Annual Totals Year-to-Date Totals
2008
2009
2010
2011
2012
2013
2014
2015
% Increase /Decrease
$5,166,600 $3,413,300 $3,564,544 $3,996,300 $7,398,300 $4,562,800 $2,751,700 $1,797,061 $3,462,350 $5,923,349 $2,380,681 $6,078,263 $50,495,248
$64,869,150 $41,155,838 $14,052,000 $5,379,400 $7,795,500 $6,220,500 $10,468,052 $8,656,950 $3,335,855 $11,935,410 $5,494,824 $2,520,800 $181,884,279
$5,733,975 $10,268,000 $2,642,000 $10,248,962 $8,579,000 $14,788,047 $5,972,350 $4,468,500 $9,437,596 $2,986,500 $3,986,718 $2,233,499 $81,345,147
$10,149,554 $4,365,000 $4,605,000 $22,278,020 $6,720,900 $7,529,525 $5,302,900 $6,163,900 $8,772,000 $6,676,565 $3,455,350 $3,035,166 $89,053,880
$2,642,400 $4,645,000 $4,032,000 $1,821,000 $8,157,000 $5,438,405 $1,513,500 $2,717,964 $14,749,000 $4,371,750 $910,000 $4,264,000 $55,262,019
$4,284,883 $3,632,500 $3,890,934 $3,336,000 $2,096,500 $2,149,000 $7,415,340 $11,069,712 $20,998,879 $6,968,152 $3,487,370 $4,038,855 $73,368,125
$7,685,884 $6,543,459 $6,089,850 $8,206,170 $5,519,280 $5,688,037 $5,140,795 $3,308,219 $5,637,151 $7,990,104 $1,091,575 $5,025,505 $67,926,029
$1,496,536 $2,407,161 $2,915,441 $9,337,750
$16,156,888
-81% -63% -52% 14% -100% -100% -100% -100% -100% -100% -100% -100% -76%
$16,140,744
$125,456,388
$28,892,937
$41,397,574
$13,140,400
$15,144,317
$28,525,363
$16,156,888
-43%
Copyright Š 2011. Land Title Guarantee. All Rights Reserved. Interval Sales in 2013 reflect a sell-off in Innsbruck totalling: $16,915,371 with 857 transactions that started in July, 2013 and continued througout the end of the year.
Month January February March April May June July August September October November December Annual Totals Year-to-Date Totals
2008
2009
2010
2011
2012
2013
2014
2015
% Increase /Decrease
30 15 17 24 29 17 12 9 17 23 8 27 228
47 44 23 17 17 15 18 16 18 31 20 6 272
10 13 14 20 14 18 12 14 19 13 15 14 176
41 13 17 24 15 13 11 17 24 13 11 10 209
12 12 8 11 12 12 9 9 21 17 9 8 140
23 9 12 12 11 6 314 107 324 36 54 127 1,035
101 23 22 93 81 35 10 75 194 135 13 45 827
29 28 24 63
144
-71% 22% 9% -32% -100% -100% -100% -100% -100% -100% -100% -100% -83%
86
131
57
95
43
56
239
144
-40%
Interval Sales: 2014 at Innsbruck: 647 Transactions - Interval Sales: YTD. 2015 at Innsbruck: 69 Transactions.
Compliments of: Land Title Aspen Bob Rulon
970-925-1678
Land Title Interval Sales Analysis: Pitkin County April 2015 $ Volume Transactions
% of $ Volume
# of Transactions
% of Transactions
Average $ Sales Price
Median $ Sales Price
Innsbruck The Ritz Carlton Club: Aspen Highlands Saint Regis Club: Aspen Residence Club
$956,700
10.25%
39
61.90%
$24,531
$18,900
9.52%
$70,375
$55,000
0.00%
$0
$0
Grand Hyatt Aspen: GA Resort
$771,800
8.27%
6
9.52%
$128,633
$120,250
$0
0.00%
0
0.00%
$0
$0
Project / Legal
Dancing Bear Aspen A Storied Place: Countryside Condo Prospector Residences at Little Nell Roaring Fork Club: Club Suites Roaring Fork Club: Roaring Fork PUD
$422,250 $0
0.00% 0.00%
6 0
$0
0.00%
0
0.00%
$0
$0
$71,000
0.76%
2
3.17%
$35,500
dna
$5,200,000
55.69%
4
6.35%
$1,300,000
$1,400,000
$187,500
2.01%
1
1.59%
$187,500
dna
$720,000
7.71%
1
1.59%
$720,000
dna
Sanctuary
$0
0.00%
0
0.00%
$0
$0
Shadow Mountain Lodge
$0
0.00%
0
0.00%
$0
$0
The Residences at Snowmass Club Crestwood
$0
0
0.00% 0.00%
$0 $0
$0 $0
0
$0
0.00% 0.00%
Timbers Club
$1,008,500
10.80%
4
6.35%
$252,125
$285,750
TOTAL
$9,337,750
100.00%
63
100.00%
$148,218
$30,000
Copyright Š 2011. Land Title Guarantee. All Rights Reserved. Please note: The above figures are an unofficial tabulation of Pitkin County records that are believed to be reasonably accurate. Average Sales & Median Sales Calculations do not include Interval Units
YTD: Apr. 2015 $ Volume Transactions
% of $ Volume
# of Transactions
% of Transactions
Average $ Sales Price
Median $ Sales Price
Innsbruck The Ritz Carlton Club - Aspen Highlands Saint Regis Club - Aspen Residence Club
$1,297,950
8.03%
69
47.92%
$18,811
$13,536
24.31%
$73,178
$55,000
0.69%
$342,000
dna
Grand Hyatt Aspen - GA Resort
$2,841,211
17.59%
21
14.58%
$135,296
$99,900
Dancing Bear Aspen
$1,545,000
9.56%
2
1.39%
$772,500
dna
Project / Legal
A Storied Place - Countryside Condo Prospector Residences at Little Nell Roaring Fork Club - Club Suites Roaring Fork Club - Roaring Fork PUD
$2,561,227 $342,000
$0
15.85% 2.12%
1
0
0.00%
$0
$0
$93,500
0.58%
3
2.08%
$31,167
$32,000
$5,200,000
32.18%
4
2.78%
$1,300,000
$1,400,000
0.69%
$187,500
dna
$187,500 $720,000
0.00%
35
1.16%
1
0.69%
$720,000
dna
Sanctuary
$0
0.00%
0
0.00%
$0
$0
Shadow Mountain Lodge
$0
0.00%
0
0.00%
$0
$0
0
2.08% 0.00%
$120,000 $0
$125,000 $0
The Residences at Snowmass Club Crestwood
$360,000
4.46%
1
3
$0
2.23% 0.00%
Timbers Club
$1,008,500
6.24%
4
2.78%
$252,125
$285,750
TOTAL
$16,156,888
100.00%
144
100.00%
$112,201
$33,588
Compliments of: Land Title Aspen Bob Rulon
970-925-1678
Land Title Price Point Analysis, Commercial Cost Index, Jumbo Residential Sales Index: Pitkin County April 2015 Residential Price Point Index <=500,000 500,001 to 600,000 600,001 to 700,000 700,001 to 800,000 800,001 to 900,000 900,001 to 1,000,000 1,000,001 to 2,000,000 2,000,001 to 3,000,000 3,000,001 to 4,000,000 4,000,001 to 5,000,000 5,000,001 to 6,000,000 6,000,001 to 7,000,000 7,000,001 to 8,000,000 8,000,001 to 9,000,000 9,000,001 to 10,000,000 10,000,001 to 12,000,000 12,000,001 to 14,000,000 14,000,001 to 16,000,000 16,000,001 to 18,000,000 18,000,001 to 20,000,000 over $ 20 Million Total:
# Transactions 3 3 2 4 0 1 15 6 2 2 3 2 1 0 0 1 0 0 2 1 0 48
Gross Volume $705,000 $1,722,500 $1,370,000 $3,042,500 $0 $962,000 $21,155,000 $15,208,458 $7,780,000 $8,590,000 $17,720,000 $12,875,000 $7,100,000 $0 $0 $11,400,000 $0 $0 $34,350,000 $19,300,000 $0 $163,280,458
Land Title Residential Improved Transactions by Price Point: Pitkin County Gross Volume: April 2015
500,001 to 600,000 1% 18,000,001 to 20,000,000 12%
8,000,001 to 9,000,000 9,000,001 to 10,000,000 10,000,001 to 12,000,000 12,000,001 to 14,000,000 14,000,001 to 16,000,000 16,000,001 to 18,000,000 18,000,001 to 20,000,000 over $ 20 Million Total:
# Transactions 19 7 8 9 1 4 31 14 13 11 8 4 4
Gross Volume $6,042,400 $3,962,500 $5,300,000 $6,794,400 $880,000 $3,846,000 $45,398,000 $35,972,458 $47,164,450 $49,137,500 $46,200,000 $26,225,000 $29,472,500
1 2 3 1 2 2 1 2 147
$8,350,000 $19,047,000 $34,725,000 $13,200,000 $30,100,000 $34,350,000 $19,300,000 $49,200,000 $514,667,208
700,001 to 800,000 2%
<=500,000 0%
900,001 to 1,000,000 1% 1,000,001 to 2,000,000 13%
16,000,001 to 18,000,000 21%
2,000,001 to 3,000,000 9%
10,000,001 to 12,000,000 7%
6,000,001 to 7,000,000 8%
7,000,001 to 8,000,000 4%
3,000,001 to 4,000,000 5% 4,000,001 to 5,000,000 5%
5,000,001 to 6,000,000 11%
Land Title Residential Improved Transactions by Price Point: Pitkin County Number of Transactions: April 2015
10,000,001 to 12,000,000 16,000,001 to 18,000,000 2% 4% 7,000,001 to 8,000,000 2%
YTD: Apr. 2015 Residential Price Point Index <=500,000 500,001 to 600,000 600,001 to 700,000 700,001 to 800,000 800,001 to 900,000 900,001 to 1,000,000 1,000,001 to 2,000,000 2,000,001 to 3,000,000 3,000,001 to 4,000,000 4,000,001 to 5,000,000 5,000,001 to 6,000,000 6,000,001 to 7,000,000 7,000,001 to 8,000,000
600,001 to 700,000 1%
18,000,001 to 20,000,000 2%
<=500,000 6% 500,001 to 600,000 6%
6,000,001 to 7,000,000 4%
600,001 to 700,000 4% 700,001 to 800,000 8%
5,000,001 to 6,000,000 6%
900,001 to 1,000,000 2%
4,000,001 to 5,000,000 4%
3,000,001 to 4,000,000 4%
2,000,001 to 3,000,000 13%
1,000,001 to 2,000,000 31%
Property Type Cost Index April 2015 Single Family Multi Family Vacant Land YTD: Apr. 2015 Single Family Multi Family Vacant Land
Number Trans. 19 29 0 Number Trans. 56 91 11
Total Volume $121,665,000 $41,615,458 $0 Total Volume $335,589,500 $179,077,708 $29,250,000
Average Price $6,403,421 $1,435,016 $0 Average Price $5,992,670 $1,967,887 $2,659,091
Number Trans. 147 24
Total Volume $514,667,208 $119,628,200
11 144 49
$29,250,000 $16,156,888 $12,297,915
Copyright Š 2011. Land Title Guarantee. All Rights Reserved.
Transaction Reconciliation by Type April 2015 Residential Improved Commercial Development Vacant Land Interval Units Employee Units Garage Space Mobile Home/Trailer Park Open Space/Easement Quit Claim Deeds Partial Interest Sales Hotel Suites Easements Related Parties HOA Purchase Historic Building Horse Stalls Low Doc Fee/MultiUnits Deed In Lieu of Foreclosure Water Rights Political/Exempt Deed Restricted Land TOTAL TRANS:
YTD: Apr. 2015 Number Trans. 48 10
Total Volume $163,280,458 $31,105,000
0 63 13
$0 $9,337,750 $3,527,297
1
$684,104
135
$207,934,609
% Gross 79% 15% 0% 0% 4% 2% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 100%
Total Volume $30,190,000 $915,000 $0 Total Volume $2,850,000 $1,949,000 $0
Average Price $4,312,857 $305,000 $0 Average Price $950,000 $974,500 $0
Residential Improved Commercial Development Vacant Land Interval Units Employee Units Garage Space Mobile Home/Trailer Park Open Space/Easement Quit Claim Deeds Partial Interest Sales Hotel Suites Easements Related Parties HOA Purchase Historic Building Horse Stalls Low Doc Fee/MultiUnits Deed in Lieu of Foreclosure Water Rights Political/Exempt Deed Restricted Land TOTAL TRANS:
1
$507,500
17
$793,563
5
$6,600,000
2
$1,766,667
400
$701,667,941
% Gross 73% 17% 0% 4% 2% 2% 0% 0% 0% 0% 0% 0% 0% 1% 0% 0% 0% 0% 0% 0% 0% 0% 100%
# Trans. 19 5 0 # Trans. 11 4 1
Total Volume $118,443,200 $1,185,000 $0 Total Volume $18,202,800 $2,274,000 $1,600,000
Average Price $6,233,853 $237,000 $0 Average Price $1,654,800 $568,500 $1,600,000
Commercial Cost Index April 2015 Commercial Improved Commercial Vacant Development April 2014 Commercial Improved Commercial Vacant Development
# Trans. 7 3 0 # Trans. 3 2 0
YTD: Apr. 2015 Commercial Improved Commercial Vacant Development YTD: Apr. 2014 Commercial Improved Commercial Vacant Development
Jumbo Residential Sales Index April 2015 417,001 to 650,000 650,001 to 999,999 Over 1,000,000 Total:
# Trans 3 7 35 45
Gross Volume $1,722,500 $5,374,500 $155,478,458 $162,575,458
# Trans 14 17 99 130
Gross Volume $7,877,400 $13,275,400 $487,841,908 $508,994,708
YTD: Apr. 2015 417,001 to 650,000 650,001 to 999,999 Over 1,000,000 Total:
Compliments of:
Land Title Aspen Bob Rulon 970-925-1678 brulon@ltgc.com
Land Title Market Highlights: Pitkin County Purchaser Abstract: Fee Simple Sales Only
Fee Simple Sales: Apr. 2015
April 2015 1
Front Range
32
38
Out of State: Domestic International
1
3
Local
99
Front Range 150
Out of State: Domestic International
4
Fee Simple Sales: 2013 Local Front Range Out of State: Domestic International Total Sales
# of Trans.
% Overall
328 23 300 16 667
49% 3% 45% 2% 100%
38 1 32 1 72
53% 1% 44% 1% 100%
Origin of Buyer Local Front Range Out of State: Domestic International Total Sales
# of Trans.
% Overall
150 4 99 3 256
59% 2% 39% 1% 100%
Origin of Buyer Local Front Range Out of State: Domestic International Total Sales
# of Trans.
% Overall
416 20 296 15 747
56% 3% 40% 2% 100%
Note: Interval transactions are not represented in the above section of the report.
Highest Priced Residential Sale:
Bank Sales Detail: PPSF $1,221
$
Price 765,000
Area z2
$
PPSF 728.57
$
325,000
z2
$
271.06
189 Larson Drive
Area z1
% Overall
Fee Simple Sales: 2014
Market Highlights: April 2015
Price $19,300,000
Local Front Range Out of State: Domestic International Total Sales
# of Trans.
Fee Simple Sales: YTD. 2015
YTD: 2015
Origin of Buyer
Origin of Buyer
Local
Highest Price PSF Residential Sale: Price $3,900,000
Area z1
PPSF $2,660
Compliments of: Land Title Aspen Bob Rulon
970-925-1678
Land Title Buyer Profile: Fee Simple Properties Pitkin County
Purchaser Point of Origin for: April 2015
April 2015 Purchaser Origin
1 32
Local & Adjacent Counties Front Range Colorado
38 Out of State: Domestic International
Out-of-State Breakout: April 2015
1
Other States with one Sale:, 7, 22%
California, 11, 34%
Texas, 4, 13%
New York, 3, 9%
Florida, 5, 16% Massachusets, 2, 6%
Compliments of:
Land Title Aspen Bob Rulon 970-925-1678 brulon@ltgc.com
Origin
Number Sales
% All Sales
Local & Adjacent Counties Front Range Colorado Out of State: Domestic International
38 1 32 1
52.78% 1.39% 44.44% 1.39%
State
Number Sales
% All Sales
Alabama California Connecticut Florida Georgia Illinois Indiana Louisiana Massachusets Maryland Michigan Mississippi New York New Hampshire Oklahoma Pennsylvania Texas Virginia Washington, DC Other States with one Sale: CT, IL, MN, MJ, OK, PA, VA
0 11 0 5 0 0 0 0 2 0 0 0 3 0 0 0 4 0 0 7
0.00% 34.38% 0.00% 15.63% 0.00% 0.00% 0.00% 0.00% 6.25% 0.00% 0.00% 0.00% 9.38% 0.00% 0.00% 0.00% 12.50% 0.00% 0.00% 21.88%
Out-of-State Breakout for: April 2015
32 International Breakout for: April 2015
Country
Number Sales
% INT'L Sales
Countries with one sale: Australia Total International:
1
100.00%
1
100.00%
Note: This Summary does not include data on INTERVAL transactions.
Land Title New Development Summary: Pitkin County Improved Residential New Unit Sales detail: April 2015 Brm 6
Bath 11.00
Year Built 2013
Size 13154
$
Price 17,500,000
Legal Skyview PUD Lot 5
Summary of Improved Residential New Unit Sales: April 2015 Average Price: Average PPSF: Median Price: # Transactions: Gross Volume:
$17,500,000 $1,330.39 dna 1 $ 17,500,000
Compliments of: Land Title
Aspen Bob Rulon 970-925-1678 brulon@ltgc.com NOTE: The above figures do not include time share interests, new vacant site transactions, or new commercial unit transactions. Data is deemed reliable but not guaranteed.
Unit Type SINGLEFAM
PPSF $ 1,330.39
Address 1580 Tiehack Road