Released May 14, 2018 v.1.5

Yodel from the Mountains! Estin Report: April 2018 Aspen Snowmass Real Estate Market

The Estin Report: Apr 2018 Aspen Snowmass Real Estate Market Snapshot is a 10-Page statistical breakdown of monthly and year-to-date sales in detail. It is available for download on the right side of this page; select charts and metrics appear below.  The Snapshots are posted on or near the 1st Monday of the month. It is the only monthly Aspen market report to be published in a consistent and timely manner.

Bottom Line

April 2018 unit sales in general are down over same time 2017, 16 vs 24, off 33%. Sales most closely resemble April 2016, an off period largely blamed on election year uncertainty. Also, Aspen under contracts in April – often used as indicator of future activity – are down 27%. Reason? Maybe this … In the past 4 years, inventory of Aspen properties for sale peaked at 460 units in Apr 2016 versus 312 in Apr 2018, -32%. Less offerings, higher prices may be slowing us down. Buyers get discouraged. Or maybe it’s the pause before it refreshes. Jan and Feb 2018 were very strong, Mar and Apr less so. Peak summer selling season is almost here. Sales of properties over $10M, representing 1/3 of total Aspen sales dollars for the year to date, have seen a significant rise: dollar volume is up 18% YTD and unit sales up 60% YTD. There are clear signs the market is finally expanding beyond Aspen…Old Snowmass home sales over $1.5M have taken off, (6) in past 3 months versus (0) same time last year.

April 2018 Sales, Inventory of Active Listings and Under Contracts
(Click on image to enlarge.)

 

 

 

 

 

 

 

 

 

 


Deep Dive: Sales by Neighborhoods
(Click on images to enlarge.)

          
Aspen Neighborhood Sales Pg 7        Snowmass Village Neighborhood Sales  Pg 9

March 2018 Market Statistics Summary for Aspen Only *

Aspen condo sales April 2018

  • Unit Sales: -60% (6) in April ‘18 from (15) in April ‘17
  • Dollar Sales: -37% $19M in April ‘18 from $30M in April ‘17
  • Inventory Active Listings: -15% (124) in April ‘18 from (146) in April ‘17

Aspen condo sales YTD

  • Unit Sales: -22% (35) in April ‘18 from (45) in April ‘17
  • Dollar Sales: +35% $129M in April ‘18 from $96M in April ‘17
  • Inventory Active Listings: -28% (158) in April ‘18 from (220) in April ‘17

Aspen Single family home sales April 2018

  • Unit Sales: 0% (9) in April ‘18 from (9) in April ‘17
  • Dollar Sales: -47% $52M in April ‘18 from $99M in April ‘17
  • Inventory Active Listings: -10% (141) in April ‘18 from (156) in April ‘17

Aspen Single family home sales YTD

  • Unit Sales: -8% (26) in April ‘18 from (28) in April ‘17
  • Dollar Sales: -4% $190M in April ‘18 from $198M in April ‘17
  • Inventory Active Listings: -12% (182) in April ‘18 from (207) in April ‘17

* Typically, the Aspen market represents 70-75% of the total combined Aspen Snowmass Village real estate marketplace.


April 2018 Market Statistics Summary for Snowmass Village Only

Snowmass Village condo sales April 2018

  • Unit Sales: 0% (9) in April ‘18 from (9) in April ‘17
  • Dollar Sales: +12% $8M in April ‘18 from $7M in April ‘17
  • Inventory Active Listings: -1% (171) in April ‘18 from (172) in April ‘17

Snowmass Village condo sales YTD

  • Unit Sales: +10% (32) in April ‘18 from (29) in April ‘17
  • Dollar Sales: -31% $20M in April ‘18 from $29M in April ‘17
  • Inventory Active Listings: +6% (228) in April ‘18 from (214) in April ‘17

Snowmass Village Single family home sales April 2018

  • Unit Sales: +25% (5) in April ‘18 from (4) in April ‘17
  • Dollar Sales: -9% $15M in April ‘18 from $16M in April ‘17
  • Inventory Active Listings: -9% (77) in April ‘18 from (85) in April ‘17

Snowmass Village Single family home sales YTD

  • Unit Sales: +27% (14) in April ‘18 from (11) in April ‘17
  • Dollar Sales: -7% $38M in April ‘18 from $41M in April ‘17
  • Inventory Active Listings: 0% (96) in April ‘18 from (96) in April ‘17

* Typically, the Snowmass Village  market represents 25-30% of the total combined Aspen Snowmass Village real estate marketplace.

Links to April 2018 Aspen and Snowmass Village Sold Property Photos and Details

Aspen Apr 2018 Closed Properties (13).   This link is valid until 5/31/2018.

Snowmass Village Apr 2018 Closed Properties (13)This link is valid until 5/31/2018.

Vacant Lots Apr 2018  Closed Properties (1)This link is valid until 5/31/2018.

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