Released May 10, 21 v1.0 – (2) reports: Apr 21 vs Apr 20 and Apr 21 vs Apr 19

           

Apr 2021 Aspen Snowmass Real Estate Market Report         

 

Apr 2021 vs Apr 2019 Aspen Snowmass Real Estate Market Report

Bottom Line

In April 2021, the Aspen Snowmass real estate market continues to show unprecedented strength in this slow re-opening period post Covid 19.

For the past 10 months since July 2020, every month has registered record sales for its respective month (Pg5).

Year over year (YOY) metrics are staggering because we are comparing current sales to a year ago when the Covid 19 shut down almost all activity. In the absence of a meaningful YOY comparison, and as seasonal comparisons of Aspen Snowmass real estate activity make a lot of sense, I’ve added an additional report –  Apr 2021 to Apr 2019 market snapshot comparison – for a clearer perspective.

The number of Aspen properties that went under contract in Apr 21 (See chart above, this metric is used as a future indicator as a number of these contracts will close in May) was up 750% to (34) from (4) last April. In Snowmass Village, under contracts were up  500% to (36) from (6) last April.

For a 3- year April sales or closings perspective:

  • In Aspen, there were (30) sales in April 2021, (13) sales in April 2020 vs (32) in April 2019.
  • In Snowmass Village, there were (51) sales in April 2021 versus (3) sales in April 2020 versus (15) in April 2019. 

The rental market for the summer is on fire as more normalcy in this summer’s cultural events return and we experience the opening up of a post Covid-19 US.

Aspen Only:  Apr 2021 Market Statistics Summary


(Page 7 in April 2021: Aspen Snowmass Real Estate Market Report Snapshot. Click image to enlarge.)

Aspen Only:  Apr 2021 vs Apr 2020 vs Apr 2019 vs Apr 2018 Market Stats Summary (PDF)

Aspen condo sales April 2021

  • Unit Sales: 129% (16) in Apr ‘21 from (7) in Apr ‘20 from (24) in Apr ‘19 from (7) in Apr ‘18
  • Dollar Sales: -113% $34M in Apr ‘21 from $16M in Apr ’20 from $41M in Apr ‘19 from $20M) in Apr ‘18
  • Inventory Active Listings: -20% (94) in Apr ‘21 from (117) in Apr ’20 from (116) in Apr ‘19
    from (135) in Apr ‘18

Aspen condo sales YTD

  • Unit Sales: 94% (62) in Apr ‘21 from (32) in Apr ’20 from (54) in Apr ‘19 from (37) in Apr ‘18
  • Dollar Sales: 10% $162M in Apr ‘21 from $147M in Apr ’20 from $119M in Apr ‘19 from ($132M) in Apr ‘18
  • Inventory Active Listings: -17% (171) in Apr ‘21 from (149) in Apr ’20 from (179) in Apr ‘19
    from (168) in Apr ‘18

Aspen Single family home sales April 2021

  • Unit Sales: 100% (12) in Apr ‘21 from (6) in Apr ’20 from (4) in Apr ‘19 from (8) from in Apr ‘18
  • Dollar Sales: 253% $166M in Apr ‘21 from $47M in Apr ’20 from $38M in Apr ‘19 from ($49M) in Apr ‘18
  • Inventory Active Listings: -33% (89) in Apr ‘21 from (132) in Apr ’20 from (158) in Apr ‘19
    from (149) in Apr ‘18

Aspen Single family home sales YTD

  • Unit Sales: 121% (42) in Apr ‘21 from (19) in Apr ’20 from (23) in Apr ‘19 from (27) in Apr ‘18
  • Dollar Sales: 170% $457M in Apr ‘21 from $169M in Apr ’20 from $184M in Apr ‘19 from ($187M) in Apr ‘18
  • Inventory Active Listings: -21% (139) in Apr ‘21 from(177) in Apr ’20 from (195) from (190) in Apr ‘18

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

Snowmass Village Only:  April 2021 Market Statistics Summary

(Page 9 in April 2021: Aspen Snowmass Real Estate Market Report Snapshot. Click image to enlarge.)

SMV Only:  Apr 2021 vs Apr 2020 vs Apr 2019 vs Apr 2018 Market Stats Summary (PDF)

Snowmass Village condo sales April 2021

  • Unit Sales: 4000% (41) in Apr ‘21 from (1) in Apr ’20 from (10) in Apr ‘19 from (11) in Apr ‘18
  • Dollar Sales: 8340% $53M in Apr ‘21 from $1M in Apr ’20 from $10M in Apr ‘19 from ($9M) in Apr ‘18
  • Inventory Active Listings: -40% (81) in Apr ‘21 from (134) in Apr ’20 from (175) in Apr ’19 from (177) in Apr ‘18

Snowmass Village condo sales YTD

  • Unit Sales: +156% (100) in Apr ‘21 from (39) in Apr ’20 from (35) in Apr ‘19 from (34) in Apr ‘18
  • Dollar Sales: +134% $133M in Apr ‘21 from $57M in Apr ’20 from $38M in Apr ‘19
    from ($21M) in Apr ‘18
  • Inventory Active Listings: 8% (195) in Apr ‘21 from (179) in Apr ’20 from (233) in Apr ‘19 from (236) in Apr ‘18

Snowmass Village Single family home sales April 2021

  • Unit Sales: 900% (10) in Apr ‘21 from (1) in Apr ’20 from (4) in Apr ‘19 from (6) in Apr ‘18
  • Dollar Sales: 1236% $54M in Apr ‘21 from $4M in Apr ’20 from $15M in Apr ‘19 from ($16M) in Apr ‘18
  • Inventory Active Listings: -65% (25) in Apr ‘21 from (71) in Apr ’20 from (87) in Apr ‘19 from (84) in Apr ‘18

Snowmass Village Single family home sales YTD

  • Unit Sales: 300% (20) in Apr ‘21 from (5) in Apr ’20 from (11) in Apr ‘19 from (15) in Apr ‘18
  • Dollar Sales: 484% $98M in Apr ‘21 from $17M in Apr ’20 from $59M in Apr ‘19 from ($40M) in Apr ‘18
  • Inventory Active Listings: -40% (49) in Apr ‘21 from(83) in Apr ‘w0 from (105) in Apr ‘19 from (103) in Apr ‘18

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

Links to Apr 2021 Aspen and Snowmass Village Sold Property Photos and Details

Aspen Apr 2021 Closed Properties.   This link is valid until 6/1/21.

Snowmass Village Apr 2021 Closed Properties. This link is valid until  6/1/21.

Vacant Lots Apr 2021 Closed Properties. This link is valid until  6/1/21.

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Tim’s note: As March – July 2020 was essentially ground zero for Covid-19 shutdown, comparing Mar – July 2021 stats to the prior year periods gives one a greatly exaggerated year over year (YOY) view. I’ve therefore created an additional report comparing market activity in April 2021 versus April 2019 vs April 2018. Below is a summary but please see the report itself for much more detail.

Aspen Only:  Apr 2021 vs Apr 2019 vs Apr 2018 Market Stats Summary

Aspen condo sales April 2021

  • Unit Sales: -33% (16) in Apr ‘21 from (24) in Apr ‘19 which was +243% (7) from Apr ‘18
  • Dollar Sales: -16% $34M in Apr ‘21 from $41M in Apr ‘19 which was +103% ($20M) from Apr ‘18
  • Inventory Active Listings: -19% (94) in Apr ‘21 from (116) in Apr ‘19 which was –14% (135) from Apr ‘18

Aspen condo sales YTD

  • Unit Sales: +15% (62) in Apr ‘21 from (54) in Apr ‘19 which was +46% (37) from Apr ‘18
  • Dollar Sales: +37% $162M in Apr ‘21 from $119M in Apr ‘19 which was –10% ($132M) from Apr ‘18
  • Inventory Active Listings: -4% (171) in Apr ‘21 from (179) in Apr ‘19 which was +6% (168) from Apr ‘18

Aspen Single family home sales April 2021

  • Unit Sales: +200% (12) in Apr ‘21 from (4) in Apr ‘19 which was –50% (8) from Apr ‘18
  • Dollar Sales: +337% $166M in Apr ‘21 from $38M in Apr ‘19 which was –22% ($49M) from Apr ‘18
  • Inventory Active Listings: -44% (89) in Apr ‘21 from (158) in Apr ‘19 which was +6% (149) from Apr ‘18

Aspen Single family home sales YTD

  • Unit Sales: +83% (42) in Apr ‘21 from (23) in Apr ‘19 which was –15% (27) from Apr ‘18
  • Dollar Sales: +148% $457M in Apr ‘21 from $184M in Apr ‘19 which was –1% ($187M) from Apr ‘18
  • Inventory Active Listings: -29% (139) in Apr ‘21 from (195) in which was +2% (190) from Apr ‘18

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

SMV Only:  Apr 2021 vs Apr 2019 vs Apr 2018 Market Stats Summary

Snowmass Village condo sales April 2021

  • Unit Sales: +310% (41) in Apr ‘21 from (10) in Apr ‘19 which was –9% (11) from Apr ‘18
  • Dollar Sales: +186% $53M in Apr ‘21 from $10M in Apr ‘19 which was +8% ($9M) from Apr ‘18
  • Inventory Active Listings: -54% (81) in Apr ‘21 from (175) in Apr ‘19 which was –1% (177) from Apr ‘18

Snowmass Village condo sales YTD

  • Unit Sales: +186% (100) in Apr ‘21 from (35) in Apr ‘19 which was +3% (34) from Apr ‘18
  • Dollar Sales: +254% $133M in Apr ‘21 from $38M in Apr ‘19 which was +75% ($21M) from Apr ‘18
  • Inventory Active Listings: -16% (195) in Apr ‘21 from (233) in Apr ‘19 which was +1% (236) from Apr ‘18

Snowmass Village Single family home sales April 2021

  • Unit Sales: +150% (10) in Apr ‘21 from (4) in Apr ‘19 which was –33% (6) from Apr ‘18
  • Dollar Sales: +253% $54M in Apr ‘21 from $15M in Apr ‘19 which was –7% ($16M) from Apr ‘18
  • Inventory Active Listings: -71% (25) in Apr ‘21 from (87) in Apr ‘19 which was +4% (84) from Apr ‘18

Snowmass Village Single family home sales YTD

  • Unit Sales: +82% (20) in Apr ‘21 from (11) in Apr ‘19 which was –27% (15) from Apr ‘18
  • Dollar Sales: +66% $98M in Apr ‘21 from $59M in Apr ‘19 which was +48% ($40M) from Apr ‘18
  • Inventory Active Listings: -53% (49) in Apr ‘21 from (105) in Apr ‘19 which was +1% (103) from Apr ‘18

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