Report: First-quarter real estate transactions up, but prices decline compared to 2012

By Real Aspen
Real AspenJune 5, 2013
The number of real estate transactions in Pitkin County was up 13 percent in the first quarter of 2013 compared to the same three-month timeframe in 2012, but the average single-family home sold for 35 percent less, according to an analysis by Land Title Guarantee Company.

There were 168 transactions in Pitkin County in the first quarter of 2013, up 13 percent over the first quarter of 2012.

The average single-family home sold for $2,746,347, down 35 percent from 2012. The median single-family home price was $2.2 million, down 21 percent from 2012.

City of Aspen

Pitkin County is home to the resort towns of Aspen and Snowmass, as well as down-valley towns such as Carbondale. The nearby towns of Basalt and El Jebel are in Eagle County, where real estate transactions were up 18 percent over the first quarter of 2012 and dollar volume was down 14 percent.

The sold price of single-family homes dropped six percent for the first quarter of 2013 in Eagle County, but sales of multi-family homes rose 23 percent for the first quarter.

The buyer profile for Pitkin County showed 55 percent of the properties sold were purchased by out-of-state buyers, 34 percent by local buyers, 10 percent international and one percent by Coloradan on the Front Range.

For the entire six-county, first-quarter comparison report, go to Land Title’s website (pdf).


comments: 0 Comments on "Report: First-quarter real estate transactions up, but prices decline compared to 2012"

Be the first to comment below.

COMMENT
Comment Form Info  Comment Information
Real Aspen encourages you to post comments on our articles and blogs. Logged in email is required for monitoring purposes. Your email will not be published and will not be distributed to any third-party. Abusive, obscene, profane, threatening, libelous or defamatory comments are prohibited. By posting a comment, you agree to this policy and our terms of use. To report an abusive posting, please contact us.

To make a comment, please log in or create an account. This helps us prevent spam and other malicious attacks.

Please log in to comment

 

Create a user account to comment

Snow Report

  24hr snow mid dpth snow cond.
A-Basin n/a n/a
Aspen n/a n/a closed
BC n/a n/a closed
Breckenridge n/a n/a closed
Buttermilk n/a n/a closed
Copper n/a n/a closed
Crest. Butte n/a n/a closed
Eldora n/a n/a closed
Heavenly n/a n/a closed
Highlands n/a n/a
Howelsen n/a n/a closed
Keystone n/a n/a closed
Kirkwood n/a n/a closed
Loveland n/a n/a
Monarch n/a n/a closed
Northstar n/a n/a closed
Powderhorn n/a n/a closed
Purgatory n/a n/a closed
Silverton n/a n/a closed
Ski Cooper n/a n/a closed
Ski Granby n/a n/a closed
Snowmass n/a n/a closed
Steamboat n/a n/a closed
Sunlight n/a n/a closed
Telluride n/a n/a closed
Vail n/a n/a closed
WinterPark n/a n/a closed
Wolf Creek n/a n/a closed
More Weather Reports
VIDEO GALLERY
A teaser to the Winter X Games in Aspen
Methane from Bill Koch's coal mine powers Aspen Skiing Company
'Circle of Corduroy'