Real estate sales strong in August | AspenTimes.com

Real estate sales strong in August

Aspen Times staff report
Aspen, CO Colorado

ASPEN – The Pitkin County real estate market’s resurgence continued in August, when the monthly dollar volume of sales climbed nearly 31 percent over August 2009, according to a report by Land Title Guarantee Co.

The dollar volume of all sales in August was nearly $74.5 million, compared to $57 million for the month in 2009, the title company’s latest monthly report says. There were 53 real estate transactions in Pitkin County in the month, compared to 44 last year. That is an increase of 20.5 percent.

Year-to-date 2010 through August, the dollar volume is $722.4 million, or an increase of 10.3 percent, from the same point last year, Land Title Guarantee Co. reported. Sales totaled $655 million at this time last year.

The year-to-date transactions are up nearly 5 percent, from 418 last year to 438 this year.

The monthly dollar volume in 2010 has exceeded the 2009 level in five out of the past six months, indicating the market is bouncing back a bit. July was the only exception to that streak.

Land Title Guarantee Co.’s report said the average single-family home sale price in Aspen is down from 2009’s total, while the median sale price is up.

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The average sold price so far this year is $4.4 million. That’s off 10 percent from the full average over 2009. The median sold price so far this year is $4.05 million. That’s up 28 percent from full year 2009, the report says.

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