Released Mar 8, 2019 v2.0 Click images to… Read More
This Section contains current Estin Reports and Market Snapshots for the Current Year 2019. Prior year annual and half-year reports and monthly snapshots are archived in the Past Reports section.
The reports are:
1) Bi-annual: State of the Aspen Real Estate Market Report.
2) Monthly Market Report Snapshots: Aspen Snowmass real estate summary (10 pages of detailed monthly stats and ‘bottom line’ brief commentary) released on or near the 1st Monday of each month. Includes sales stats by neighborhoods in the 3-month period of subject month (pgs 7 & 9).
3) Weekly Blog: Aspen Snowmass Weekly property closings and under contract activity is posted every Monday morning, sometimes in-between. Lots of photos, details and comments. At the bottom of the Blog Section are the Blog Archives by year starting in 2006.
4) Historic Pace of Sales Charts: updated every quarter showing Aspen and Snowmass Village real estate dollar and unit sales over time (past 10 yrs) and trend lines.
released Feb 28, 2019 v6.8f
Aspen and Snowmass Real Estate Market Now
As the Feb 2019 financial markets have stabilized over the intense volatility of Dec 2018 and the Federal Reserve has indicated a halt to interest rate increases for now, the early part of 2019 has started with a sense of relief.
By most measures, we are in the midst of a thriving and healthy real estate market: property dollar sales, property unit sales, real estate transfer tax collections, and construction activity – all in strong, positive territory.
Since 2012, Aspen Snowmass total combined performance in 2018 was the 2nd best year for unit sales and the 3rd best year in dollar sales. 2017 and 2015 were incrementally ahead of 2018, but the three years were so close to one another in performance that essentially it should be considered a 3-way tie. (See top Pg 6.)
However, at the end of 2018, the Aspen unit sales* quarterly trend line direction for all property types for the past 10 years (see Estin Reports SMV Pace of Sales Charts 2007-2018). Reasons? ...
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Released Feb 1, 2019 v2.0 Click to enlarge Click to enlarge Click to enlarge Click to enlarge Bottom Line Jan 2019 was characterized mostly by (3) over $10M… Read More
Released Jan 3, 2019 v1.75 on or near the 1st Monday of each month. The Snapshot is a 10-Page summary of Aspen and Snowmass Village sales activity for the subject month and includes year-to-date data. On Jan 3rd, the following revision v1.75 was made: “For 2018, Snowmass… Read More
Released Dec 23, 2018 v1.5 (data pulled on Dec 3rd.) Click images to enlarge Aspen Condo Sales Breakdown – Nov ’18 Aspen Single Family Home Sales By Location – 3 Mos… Read More
Released 11.05.18 v1.5 … Read More
Released Mon, Oct 15, 2018 v1.75. Edited on 10/17/18 v2.0 with an edit on vacant land sales: all sales over $250,000 are included in land/lot data. Notable Aspen sales in Sep 2018 … Read More
Released Sept 13, 2018 v2.0 Click images to enlarge Bottom Line August 2018 continues a significant Aspen slowing trend in unit sales during the summer months of June-August 2018 over last summer. No property… Read More
Released Aug 8, 2018 v1.5 Click image to enlarge Bottom Line July ’18 was significantly off from a year ago. The market is slowing…Prices are very high – is this discouraging buyers? Is low inventory discouraging buyers? (See Pg 6: July Condo/Townhomes sales… Read More
Released July 12, 2018 v1.5 (Click to enlarge) Bottom Line In addition to my summary comments in the recently released Estin Report: 2018 YTD State of the Aspen Real Estate Market (Jun 26, 18),… Read More
Released June 26, 2018 v4.6f
The Aspen real estate market is firing on all cylinders at full speed ahead.
By all measures - property dollar sales, property unit sales, real estate transfer tax collections, and construction activity - we are in the midst of a thriving and vibrant real estate market.
We are seeing expanded Aspen sales activity outwards from downtown Aspen to Starwood, Woody Creek and Old Snowmass as buyers recognize the significant values 5-15 minutes outside compared to record prices within the Aspen Core.
Snowmass Village sales have been fairly even for the past 3-4 years but hopes are high for a substantive bounce as the Base Village experiences new construction momentum and gets closer to completion. This is a result of the ownership change in Dec 2017 from an indifferent Related Co’s to a highly charged and enthusiastic local East West Partners/Aspen Skiing Co partnership. (See photo of construction progress on Pg 25).
Download full 32 Pg report from link to right.
*The report covers Aspen and Snowmass Village, CO real estate sales for 2018 YTD (Jan 1 thru May 31) and for the Year 2017. It compares year over year results and, where indicated, to historical data for the past 10 years. There are two sections: 1) The Aspen real estate market (includes Aspen, Brush Cr Village, Woody Creek and Old Snowmass; 2) The Snowmass Village real estate market (the ski resort). Included properties types are single family homes, condos, townhomes, duplexes and residential vacant land/lots sold at over $250,000. Fractionals are not included. The focus is on the upper Roaring Fork Valley as what happens in Aspen ripples outward and downvalley. Abbreviations are: Aspen (ASP), Brush Cr. Village (BCV), Woody Creek (WC), Old Snowmass (OSM) and Snowmass Village (SMV). The source data is the Aspen Glenwood MLS which maintains data for 10 years. Read More
Released June 5, 2018 v.1.75 Yodel from the Mountains! Estin Report: May 2018 Aspen Snowmass Real Estate Market The Estin Report: May 2018 Aspen Snowmass Real Estate Market Snapshot is a 10-Page statistical breakdown of monthly and year-to-date sales in detail. Download PDF from the right side of this page;… Read More