Released June 5, 2019 v2.2 (edited my Bottom Line comments only and revised property sales $10M and over upwards.)

May 2019 Aspen & Snowmass Village Snapshot
Tables & Charts in the 10-Page Report
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Bottom Line

Bottom Line

As of May 30th year to date, we are ahead of record year 2017 YTD by 11% in dollar volume, $627M now vs $566M then,  and dead even in unit sales, (181) sales now vs (181) then.

Aspen condo unit sales specifically are ahead of last year by 15%, (62) sales YTD vs (54) same time last year and even though inventory of active condo listings is up 3% YTD (189) in May ’19 vs (182) in May ’18 YTD, it remains historically low. Why? More people want to live in downtown Aspen than ever before and condos are one of the least expensive ways to gain entry, and this product is limited due to rigorous development constraints.

  • The avg price for a 2-Bdrm Aspen condo in the past 6 months is $1.79M/$1,796 sq ft. In May 2018, the 6-mos avg was $$1.48M/$1,504 sq ft.

Aspen single family home unit sales are ahead 8% YTD in unit sales, (40) vs (37) last year and inventory is down -4%, (196) now vs (205) then.

  • The avg. price of an Aspen single family home in May ’19 is $9.3M/$1,441 sq ft vs $7.5M/$2,065 sq ft in May ’18,  This May, there were (6) home sales above $10M vs (3) same time last year.

Snowmass Village condo unit sales are ahead of last year by 43%, (57) sales YTD vs (40) last year and inventory of active condo listings is down -2% YTD (239) vs (245) as of May ’18 YTD.

  • The avg price for a 2-Bdrm SMV condo in the past 6 months is $922K/$812 sq ft. In May 2018, the 6-mos average was $912K/$595 sq ft. In the past 6 months, there have been some high priced new Base Village condo sales which have pushed the the averages upwards.

SMV single family home unit sales are down -35% in unit sales, (13) YTD vs (20) last YTD and inventory is off -2%, (105) now vs (108) then.

  • The avg. price of a SMV single family home in May ’19 is $2.0M/$655 sq ft. In May ‘19, there were (3) home sales vs (4) in May ’18 is $4.6M/$1,005 sq ft

The approximate 50% Snowmass Village discount to Aspen, versus the historical discount of 25-30% pre-recession, and new Base Village product is driving the exceptional current performance of the Snowmass condo market.

Total Aspen and Snowmass Village property unit sales at $10M each or above are ahead of last YTD by 21%,  (14) vs (12), and dollar sales are up 30% YTD to $223M vs $171M last year.

May 2019 Market Statistics Summary for Aspen Only *

Aspen condo sales May 2019

  • Unit Sales: -41% (10) in May ‘19 from (17) in May ‘18
  • Dollar Sales: -53% $20M in May ‘19 from $42M in May ‘18
  • Inventory Active Listings: -19% (105) in May ‘19 from (129) in May ‘18

Aspen condo sales YTD

  • Unit Sales: +15% (62) in May ‘19 from (54) in May ‘18
  • Dollar Sales: -21% $137M in May ‘19 from $174M in May ‘18
  • Inventory Active Listings: +3% (189) in May ‘19 from (182) in May ‘18

Aspen Single family home sales May 2019

  • Unit Sales: +56% (14) in May ‘19 from (9) in May ‘18
  • Dollar Sales: +70% $115M in May ‘19 from $68M in May ‘18
  • Inventory Active Listings: -4% (141) in May ‘19 from (147) in May ‘18

Aspen Single family home sales YTD

  • Unit Sales: +8% (40) in May ‘19 from (37) in May ‘18
  • Dollar Sales: +18% $305M in May ‘19 from $258M in May ‘18
  • Inventory Active Listings: -4% (196) in May ‘19 from (205) in May ‘18

* Typically, the Aspen market represents 70-75% of the total combined Aspen Snowmass Village real estate marketplace.
NOTE: MLS #145240, 411 Pearl Court home sale, is considered a vacant lot/land sale. Excluded as from May 2019 market snapshot data as Aspen outlier sales: 4 mobile home sales characterized as Aspen single family home sales in the MLS and a Gateway to Snowmass sale under $1.5M – MLS #’s 155875, 157020, 158641, 157992,157792.

May 2019 Market Statistics Summary for Snowmass Village Only

Snowmass Village condo sales May 2019

  • Unit Sales: +283% (23) in May ‘19 from (6) in May ‘18
  • Dollar Sales: +198% $22M in May ‘19 from $7M in May ‘18
  • Inventory Active Listings: -21% (140) in May ‘19 from (178) in May ‘18

Snowmass Village condo sales YTD

  • Unit Sales: +43% (57) in May ‘19 from (40) in May ‘18
  • Dollar Sales: +104% $59M in May ‘19 from $29M in May ‘18
  • Inventory Active Listings: -2% (239) in May ‘19 from (245) in May ‘18

Snowmass Village Single family home sales May 2019

  • Unit Sales: -60% (2) in May ‘19 from (5) in May ‘18
  • Dollar Sales: -78% $5M in May ‘19 from $23M in May ‘18
  • Inventory Active Listings: -19% (63) in May ‘19 from (78) in May ‘18

Snowmass Village Single family home sales YTD

  • Unit Sales: -35% (13) in May ‘19 from (20) in May ‘18
  • Dollar Sales: +2% $64M in May ‘19 from $63M in May ‘18
  • Inventory Active Listings: -2% (105) in May ‘19 from (108) in May ‘18

* Typically, the Snowmass Village  market represents 25-30% of the total combined Aspen Snowmass Village real estate marketplace.
NOTE: Excluded from May 2019 market snapshot data as Snowmass Village  outlier sales: Two SMV condo sales were considered outliers and not included in the Snapshot data: 152205 Assay Hill Lodge at 130 Wood Rd closed at $1.35M/$1,300 sq ft and 152248 Base Village/Limelight at 65 Wood Rd closed at $2.025M/$1,465 sq ft

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

Aspen May 2019 Closed Properties (24).   This link is valid until 6/28/2019.

Snowmass Village May 2019 Closed Properties (25)This link is valid until 6/28/2019

Vacant Lots May 19  Closed Properties (2)This link is valid until 6/28/2019.