Released Apr 5,2 019 v1.0


Inventory & Sales inform us about supply/demand. Under contracts are an indicator of future activity
…as most of the properties that go under contract in April will be closing in May.


Aspen condos sales break-out.


Sales of single family homes by location/neighborhoods.

Click table to enlarge

Bottom Line

The market uncertainty that prevailed in Dec – Jan 2019 has eased, and the financial markets and confidence has returned. Aspen sales in March have been very active and news is positive. There are terrific opportunities outside of the downtown Core, but the Core is premium priced and appreciating faster and better than anywhere else – the recession downturn proved the Core’s liquidity, $$ appreciation proclivity and desirability over all other area in Aspen, with the West End and Red Mountain coming in 2nd place.

Rev 04/15/19: For Q1 2019, Aspen and separately Snowmass overall units sales are  -4% and -33% respectively from Q1 2018; overall dollar sales are -7% and +50% respectively. (Snowmass had two single family home sales at $14.3M and $8.6M which spiked their dollar sales for the quarter.)

March unit sales for Aspen are up +68%, (18) vs (11), and under contracts are up +158%, (31) vs (12) compared to the same time last year. (Under contracts are used as an indicator of future activity.)

More specifically, in March, Aspen condo sales were up 140% year over year, (12) in Mar 19 vs (5) in Mar 2018 and Aspen condo inventory is super low, down 28% from peak year Mar 2017, pressuring prices upwards.

In the past 6 mos., the average 2 Bdrm Aspen condo price was $1.64M/$1,710 sf vs $1.24M/$1,260 sf a year ago (See Pg 7).

And Aspen inventory in general is down almost 25% from record year March 2017.

Snowmass Village performance (See Pgs 8 +9), in general – accounting for approximately 25% of the total Aspen Snowmass market – is about even with last year.

April 2019 Market Statistics Summary for Aspen Only *

Aspen condo sales April 2019

  • Unit Sales: +214% (22) in April ‘19 from (7) in April ‘18
  • Dollar Sales: +94% $39M in April ‘19 from $20M in April ‘18
  • Inventory Active Listings: -17% (111) in April ‘19 from (134) in April ‘18

Aspen condo sales YTD

  • Unit Sales: +41% (52) in April ‘19 from (37) in April ‘18
  • Dollar Sales: -11% $117M in April ‘19 from $132M in April ‘18
  • Inventory Active Listings: +4% (174) in April ‘19 from (167) in April ‘18

Aspen Single family home sales April 2019

  • Unit Sales: -44% (5) in April ‘19 from (9) in April ‘18
  • Dollar Sales: -23% $40M in April ‘19 from $52M in April ‘18
  • Inventory Active Listings: +2% (152) in April ‘19 from (149) in April ‘18

Aspen Single family home sales YTD

  • Unit Sales: -7% (26) in April ‘19 from (28) in April ‘18
  • Dollar Sales: 0% $190M in April ‘19 from $190M in April ‘18
  • Inventory Active Listings: -0% (188) in April ‘19 from (189) in April ‘18

* Typically, the Aspen market represents 70-75% of the total combined Aspen Snowmass Village real estate marketplace.
NOTE: Excluded as from this Mar market snapshot data as Aspen outlier sales: 350 Eagle Park (auction sale); 46 Lower Hurricane (Mining claim sale); 525 Shield O Terrace (Bank sale).

April 2019 Market Statistics Summary for Snowmass Village Only

Snowmass Village condo sales April 2019

  • Unit Sales: -18% (9) in April ‘19 from (11) in April ‘18
  • Dollar Sales: +3% $9M in April ‘19 from $9M in April ‘18
  • Inventory Active Listings: -3% (171) in April ‘19 from (177) in April ‘18

Snowmass Village condo sales YTD

  • Unit Sales: 0% (34) in April ‘19 from (34) in April ‘18
  • Dollar Sales: +72% $37M in April ‘19 from $21M in April ‘18
  • Inventory Active Listings: 0% (235) in April ‘19 from (233) in April ‘18

Snowmass Village Single family home sales April 2019

  • Unit Sales: -33% (4) in April ‘19 from (6) in April ‘18
  • Dollar Sales: -7% $15M in April ‘19 from $16M in April ‘18
  • Inventory Active Listings: +1% (84) in April ‘19 from (83) in April ‘18

Snowmass Village Single family home sales YTD

  • Unit Sales: -27% (11) in April ‘19 from (15) in April ‘18
  • Dollar Sales: +48% $59M in April ‘19 from $40M in April ‘18
  • Inventory Active Listings: 0% (101) in April ‘19 from (101) in April ‘18

* Typically, the Snowmass Village  market represents 25-30% of the total combined Aspen Snowmass Village real estate marketplace.
NOTE: Excluded as from this Mar market snapshot data as Snowmass Village outlier sales: 90 Edgewood (extreme high price per sq ft sale at $8.65M/$1,893 sq ft.)

LINKS TO APRIL 2019 ASPEN & SNOWMASS VILLAGE SOLD PROPERTY PHOTOS AND DETAILS

Aspen April 2019 Closed Properties (29).   This link is valid until 5/30/2019.

Snowmass Village April 2019 Closed Properties (13)This link is valid until 5/30/2019.

___________________________