Released Mon July 10, 2017 v2.0
(Click table or link above for full 10 Pg PDF
with detailed charts and tables for Aspen and Snowmass Village
sales and sales by neighborhoods.)
June 2017 has been the best June for Aspen real estate in the past 10 years. Dollar sales for properties selling over $10M are up over 125% year-to-date (YTD) and for all properties, sales are up 118% YTD. At the same time, inventory of available properties for sale is declining, down 30% in June ’17 year over year, which should create upward pressure on prices.
Now is an excellent time to sell a property, and now is the best time to buy a property as the pick’ens get less and demand remains high. However, if sellers start to price properties unrealistically high from sales comps, as we are starting to see, buyers may be sufficiently turned off and withdraw. It’s a delicate balance.
June 2017 Market Statistics Summary for Aspen Only *
Aspen condo sales June 2017
Unit Sales: -14% (12) in June ‘17 from (14) in June ‘16
Dollar Sales: +20% $40M in June ‘17 from $33M in June ‘16
Inventory Active Listings: -43% (140) in June ‘17 from (246) in June ‘16
Aspen condo sales YTD
Unit Sales: +42% (74) in June ‘17 from (52) in June ‘16
Dollar Sales: +33% $157M in June ‘17 from $118M in June ‘16
Inventory Active Listings: -21% (258) in June ‘17 from (327) in June ‘16
Aspen Single family home sales June 2016
Unit Sales: +83% (11) in June ‘17 from (6) in June ‘16
Dollar Sales: +47% $79M in June ‘17 from $54M in June ‘16
Inventory Active Listings: -15% (164) in June ‘17 from (193) in June ‘16
Aspen Single family home sales YTD
Unit Sales: +206% (52) in June ‘17 from (17) in June ‘16
Dollar Sales: +225% $359M in June ‘17 from $111M in June ‘16
Inventory Active Listings: -1% (245) in June ‘17 from (248) in June ‘16
* Typically, the Aspen market represents 70-75% of the total combined Aspen Snowmass Village real estate marketplace.
Links to June 2017 Aspen and Snowmass Village Sold Property Photos and Details
Aspen June 2017 Closed Properties (23). This link is valid until 8/1/2017.
Snowmass Village June 2017 Closed Properties (9). This link is valid until 8/1/2017.
Vacant Lots June 2017 Closed Properties (2). This link is valid until 8/1/2017.
Disclaimer: The statements made in The Estin Report and on Aspen broker Tim Estin’s blog represent the opinions of the author and should not be relied upon exclusively to make real estate decisions. A potential buyer and/or seller is advised to make an independent investigation of the market and of each property before deciding to purchase or to sell. To the extent the statements made herein report facts or conclusions taken from other sources, the information is believed by the author to be reliable, however, the author makes no guarantee concerning the accuracy of the facts and conclusions reported herein. Information concerning particular real estate opportunities can be requested from Tim Estin at 970.309.6163 or by email.
The Estin Report is copyrighted 2017 and all rights reserved. Use is permitted subject to the following attribution with a live link to this website: “The Estin Report on Aspen Real Estate.”