Aspen Real estate sales numbers up in April |

Aspen Real estate sales numbers up in April

Aspen Times staff report
Post Independent
Glenwood Springs, CO Colorado

Fueled by some sizable property sales, the month of April saw real estate transactions in Pitkin County improve by 128 percent over the same month last year, according to a report issued Wednesday by Glenwood Springs-based Land Title Guarantee Co.

Aspen saw the highest number of transactions, 31. All told, 71 real estate transactions were recorded in April, up 54 percent from April 2009, the report says. The county’s most expensive transaction of the year was recorded in April when the Aspen Skiing Co. acquired the Limelight Lodge, located in downtown Aspen, for roughly $38 million.

The entire month of April registered $168.8 million in sales. Aspen accounted for $136.8 million of that, while Snowmass Village saw $12.6 million in sales, Old Snowmass $5.9 million, Redstone $1.3 million, Basalt $1 million, and Carbondale $820,000. Interval units accounted for $10.2 million in sales, the report shows.

Year to date, Pitkin County has rung up $376.5 million in sales, up 9.7 percent over the first four months of last year, Land Title Guarantee said.

While sales are on the rise in Pitkin County this year, the average home price is not. The average single-family home price through the first four months is $4,078,773, a decrease of 17 percent from the full year of 2009. However, the median home price through April is $3.55 million, up 13 percent from the entire 2009, the report shows.

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