Summary for the month of February 2009 – includes all property transfers recorded in Pitkin County (includes fractionals)
• Transactions totaled 74, UP 19.35% from February 2008’s total of 62
• Dollar volume totaled $106,356,206, down 19% from February 2008
• Year to date transactions have totaled 152, down 5% from same period of 2008
• Year to date dollars are $222,293,205, down 14% from 2008
• The average single family home price is down 4% from 2008 at $4.9 million
• The median single family home price is up 21% from 2008 at $4.95 million
• Of the 74 transactions, 44 were Fractional units (nearly 60%)
• Fractional dollars totaled $41,155,838 up 1106% from last Feb
• Fractional units of 44 was an increase of 193% over last Feb
• Fractional unit sales have an average price of $1,165,110 year to date
• Median price was fractional units is $1,200,000
• February included 22 Dancing Bear transactions and 18 Residences at Little Nell
• The remaining transactions were 5 single family, 14 multi family, and 3 vacant land
