Pitkin County real estate sales dive in January | PostIndependent.com

Pitkin County real estate sales dive in January

Sales data for January shows there won’t be any quick turnaround for the real estate industry in Pitkin County this year.

The sales volume plummeted 52 percent during the month compared to 2009 and the number of transactions dropped 37 percent, according to a report compiled by Land Title Guarantee Co.

Total sales in Pitkin County in January were $55.35 million compared to $115.94 million for the month the prior year. There were 49 transactions compared to 78 the prior January.

Land Title Guarantee Co.’s report said the big discrepancy between the two years was activity at The Residences at the Little Nell. There were 41 sales for $64 million at the fractional ownership project in January 2009.

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