Released Mon, Oct 15, 2018 v1.75. Edited on 10/17/18 v2.0 with an edit on vacant land sales: all sales over $250,000 are included in land/lot data.

 

 

 

 

 

 

Notable Aspen sales in Sep 2018

                         Click to enlarge images

Bottom Line

Bottom Line:  By almost every metric, Sep 2018 YTD Aspen only sales are down over last year to date…Aspen unit sales are down -27% and dollar sales are down -27% for the year. Even though Aspen single family home unit sales spiked +75% in valentSep this year  over same time last year,  (14) vs (8) last year,  an Aspen market slowing trend has been prevalent throughout the summer.

Aspen is seeing low inventory and high prices within the roundabout, especially in the condo category. Elsewhere, its a different story, a different market. The value plays – and where buyer attention might best be satisfied – are definitively outside the Downtown Core, West End and Red Mountain.

In the over $10M properties, Aspen & SMV sales combined are down— there are (103) listings priced over $10M and (22) sales in past year…useful perhaps as a measure of how and if the ultra rich are spending. In 2018 YTD, these unit sales are down -12% and -21% in dollar sales.

SMV only numbers are up 23% and 6% YTD respectively, and is selling at about 40-50% discount to Aspen versus an historical 25-30%. This discount plus the positive ‘vibe’ the resort is experiencing as the Snowmass Base Village nears completion are the likely reasons SMV sales are so positive.

September 2018 Market Statistics Summary for Aspen Only *

Aspen condo sales September 2018

  • Unit Sales: -43% (13) in September ‘18 from (23) in September ‘17
  • Dollar Sales: -45% $37M in September ‘18 from $67M in September ‘17
  • Inventory Active Listings: -1% (145) in September ‘18 from (146) in September ‘17

Aspen condo sales YTD

  • Unit Sales: -30% (94) in September ‘18 from (135) in September ‘17
  • Dollar Sales: -15% $264M in September ‘18 from $310M in September ‘17
  • Inventory Active Listings: -19% (267) in September ‘18 from (333) in September ‘17

Aspen Single family home sales September 2018

  • Unit Sales: +75% (14) in September ‘18 from (8) in September ‘17
  • Dollar Sales: -2% $81M in September ‘18 from $82M in September ‘17
  • Inventory Active Listings: -2% (176) in September ‘18 from (180) in September ‘17

Aspen Single family home sales YTD

  • Unit Sales: -17% (70) in September ‘18 from (84) in September ‘17
  • Dollar Sales: -30% $450M in September ‘18 from $638M in September ‘17
  • Inventory Active Listings: -6% (288) in September ‘18 from (308) in September ‘17

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

September 2018 Market Statistics Summary for Snowmass Village Only

Snowmass Village condo sales September 2018

  • Unit Sales: +30% (13) in September ‘18 from (10) in September ‘17
  • Dollar Sales: +3% $12M in September ‘18 from $12M in September ‘17
  • Inventory Active Listings: +7% (158) in September ‘18 from (147) in September ‘17

Snowmass Village condo sales YTD

  • Unit Sales: +30% (86) in September ‘18 from (66) in September ‘17
  • Dollar Sales: +2% $71M in September ‘18 from $69M in September ‘17
  • Inventory Active Listings: +19% (314) in September ‘18 from (263) in September ‘17

Snowmass Village Single family home sales September 2018

  • Unit Sales: +200% (6) in September ‘18 from (2) in September ‘17
  • Dollar Sales: +267% $20M in September ‘18 from $6M in September ‘17
  • Inventory Active Listings: -11% (82) in September ‘18 from (92) in September ‘17

Snowmass Village Single family home sales YTD

  • Unit Sales: +31% (34) in September ‘18 from (26) in September ‘17
  • Dollar Sales: 24% $89M in September ‘18 from $111M in September ‘17
  • Inventory Active Listings: +1% (138) in September ‘18 from (136) in September ‘17

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

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

Aspen Sep 2018 Closed Properties (27).   This link is valid until 10/30/2018.
Snowmass Village Sep 2018 Closed Properties (19)This link is valid until 10/30/2018.
Vacant Lots August 2018  Closed Properties (4)This link is valid until 10/30/2018.