- The Monarch – (10) Closings last week:
The big event of last week was the official closing of (10) Monarch on the Park condo units. A total of (13) units were built and completed late 2008. This is the new construction on the west side of Wagner Park in center of downtown Aspen.
Summary of The Monarch Closings:
– Average discount to ask price = -9%
– Average Sold Price = $5.73M
– Average Price per Sq. Ft. = $2,002.
- MLS #109216: 100 Elbert Ln #L-1, Snowmass Village studio condo. Ask Price: $440,000. Sold Price: $410,000. ($766 sq ft) -7% of ask price.
Pending/Under Contract (3):
- MLS #109794: 199 Capitol Creek Rd, Old Snowmass. Ask Price: $897,000. 2 Bdrm/2Ba
- MLS #108912: 117 N. Monarch #1, (Le Voteaux II complex). Ask Price: $2,495,000. ($1,313 sq ft), 3 Bdrm/3Ba, 1,900 sq ft condo.
- MLS #105740: 590 Meadow Rd, Melton Ranch, Snowmass Village. single family home. Ask Price $1,700,000. ($394 sq ft). 3Bdrm/2Ba, 4,313 sq ft. Total days on market 276. This property went under contract at an ask price of $2.395M for 2-3 months late fall 2008 into winter and fell out.The sellers had moved on and wanted it sold, and then reduced the price -28% to $1.7M.
Back On the Market (1)
MLS # 107875: 75 Steeplechase at Aspen Highlands – ski-in/ski-out single family home directly on the slope. Ask Price: $9.2M (Original ask $12M in Nov 2008). 5 Bdrm/5 Ba, 8,723 sq ft, beautiful home built in 2004. Sellers paid $9.5M for property in 2005.
March 22, 2009 Market Facts
Present Active Listings (SF = single family homes)
Aspen & Woody Creek (WC)
Total SF listings Over $5M = 164
Total SF listings Over $6M = 124
Total SF listings Over $10M+ = 58
SF Hms active listings $5-10M = 106
SF Hms active listings $10-15M = 30
SF Hms active listings $15-20M = 15
SF Hms active listings $20M+ = 13
Snowmass Village (SMV)
Total SF listings Over $5M = 32
Total SF listings Over $10M+ = 13
SF Hms active listings $5-10M = 19
SF Hms active listings $10-15M = 7
SF Hms active listings $15-20M = 2
SF Hms active listings $20M+ = 4