Released Feb 1, 2019  v2.0


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Bottom Line

Jan 2019 was characterized mostly by (3) over $10M property sales totaling $53.6M, or 45% of the total combined Aspen Snowmass $119M in sales for the month. The most recent sale at the end of Jan. is one of downtown Aspen’s most coveted locations and historically preserved modernized homes. It is Aspen’s #2 most expensive all-time Price $/Per Sq Ft residential home sale. (See Top 10 table).

The rest of the  market slowed somewhat compared to Jan 2018, but finished for the month halfway between Jan 2015 and Jan 2017 in sales dollars— both of which ended up as high performing years.

Affordable Housing and Wheeler real estate transfer tax collections for Jan 2019, a RETT collected upon property closings within the City of Aspen in the given month payable by buyers, were up 25.2% and 23.4%, respectively.

As the Jan financial markets have stabilized over the intense volatility of Dec 2018 and the FED recently indicated a halt to interest rate increases for now, the beginning of 2019 has started with a sense of relief.

Listing inventory in both Aspen and SMV is the lowest its been since Jan 2010 which should translate into continued strong pricing and fewer buyer choices at higher prices. This may dampen sales but Aspen real estate may also see renewed vigor as the financial markets calm.

January 2019 Market Statistics Summary for Aspen Only *

Aspen condo sales January 2019

  • Unit Sales: -33% (10) in January ‘19 from (15) in January ‘18
  • Dollar Sales: -49% $34M in January ‘19 from $68M in January ‘18
  • Inventory Active Listings: +2% (130) in January ‘19 from (127) in January ‘18

Aspen condo sales YTD

  • Unit Sales: -33% (10) in January ‘19 from (15) in January ‘18
  • Dollar Sales: -49% $34M in January ‘19 from $68M in January ‘18
  • Inventory Active Listings: +2% (130) in January ‘19 from (127) in January ‘18

Aspen Single family home sales January 2019

  • Unit Sales: -25% (6) in January ‘19 from (8) in January ‘18
  • Dollar Sales: +53% $55M** in January ‘19 from $36M in January ‘18
  • Inventory Active Listings: -5% (159) in January ‘19 from (168) in January ‘18

Aspen Single family home sales YTD

  • Unit Sales: -25% (6) in January ‘19 from (8) in January ‘18
  • Dollar Sales: +53% $55M in January ‘19 from $36M in January ‘18
  • Inventory Active Listings: -5% (159) in January ‘19 from (168) in January ‘18

* Typically, the Aspen market represents 70-75% of the total combined Aspen Snowmass Village real estate marketplace.
**There were (3) sales over $10M in Jan: 135 E Cooper sold at $21.95M/$3,397 SF; 412 Pioneer Springs sold at $14.95M/$1,086 SF and 465 Thunderbowl sold at $17.35M/$1,870 SF.

January 2019 Market Statistics Summary for Snowmass Village Only

Snowmass Village condo sales January 2019

  • Unit Sales: +20% (6) in January ‘19 from (5) in January ‘18
  • Dollar Sales: +241% $7M in January ‘19 from $2M in January ‘18
  • Inventory Active Listings: -10% (164) in January ‘19 from (183) in January ‘18

Snowmass Village condo sales YTD

  • Unit Sales: +20% (6) in January ‘19 from (5) in January ‘18
  • Dollar Sales: +241% $7M in January ‘19 from $2M in January ‘18
  • Inventory Active Listings: -10% (164) in January ‘19 from (183) in January ‘18

Snowmass Village Single family home sales January 2019

  • Unit Sales: -50% (2) in January ‘19 from (4) in January ‘18
  • Dollar Sales: +72% $19M in January ‘19 from $11M in January ‘18
  • Inventory Active Listings: +8% (85) in January ‘19 from (79) in January ‘18

Snowmass Village Single family home sales YTD

  • Unit Sales: -50% (2) in January ‘19 from (4) in January ‘18
  • Dollar Sales: +72% $19M in January ‘19 from $11M in January ‘18
  • Inventory Active Listings: +8% (85) in January ‘19 from (79) in January ‘18

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

Links to Jan 2019 Aspen and Snowmass Village Sold Property Photos and Details

Aspen Jan 2019 Closed Properties (16).   This link is valid until 2/28/2019.

Snowmass Village Jan 2019 Closed Properties (8)This link is valid until 2/28/2019

Vacant Lots Jan 19  Closed Properties (2)This link is valid until 2/28/2019.