Real estate in Pitkin County took a hit in February in both dollars and transactions, according to the latest data compiled by Land Title Guarantee Company.
Total dollar volume for February was about $38.39 million, a decrease of 15 percent from the same month in 2012. There were 44 total transaction in February, or about 4 percent fewer sales than there were in February of last year, the report showed.
Among those sales, $27.7 million was in Aspen, $1.9 million in Snowmass Village, $1.6 million in Basalt, $3.3 million in Old Snowmass and $245,000 in Redstone, the report said, adding that there were also $3.6 million in interval unit (aka fractional) sales.
So far this year, there has been about $118.26 million in county real estate transactions, a decrease of 17 percent compared to the same period in 2012. Year to date, transactions totaled 103, an increase of 2 percent from the same period in 2012.
There were seven bank sales recorded in the county in February that totaled $2.2 million and accounted for 16 percent of the transactions and 6 percent of the dollars. Year to date, there have been 16 bank sales recorded in the county, totaling $9.1 million and accounting for 16 percent of the transactions and 8 percent of the dollars, Land Title Guarantee reported.
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