Released Sep 5, 2022 v1.75

Bottom Line Aug 2022

     The market continues on its post pandemic, slower path to a return to 2019 and 2018 normalcy, which, pre-pandemic, were considered very healthy and active selling periods.
     The only category in the green this month is property sales over $10M …not difficult to accomplish when the median Aspen single family home sold at $11.675M/$3,106 SF in August.

     The pendings or under contracts in August are down 47% in Aspen and 69% in Snowmass Village. These are properties that went under contract in August and can be expected to close in Sept. or not at all – not all contract close. Under contracts are seen as indicators of future activity. (See pg 2).

Estin-Aspen-Real-Estate-Market-Report-Aug22_Summary-Pg-1

Estin-Aspen-Real-Estate-Market-Report-Aug22_Pendings-Sales-Inventory-Pg-2

Aug 2022 Prices



Aspen single family home median price in Aug 2022: $11.675M/$3,106 sq ft
Aspen condo median price in July 2022: $2.5M/$3,367sq ft (Pg 4)
– the median price of a 2 bedroom Aspen condo was $3.49M/$3,485 sq ft vs $2.79M/$2,748 sq ft in Aug 2021 (Pg 7)

Snowmass Village single family home median price in Aug 2022: $13M/$2,173 sq ft

Snowmass Village condo median price in Aug 2022: $1.4M/$1,445 sq ft (Pg 4)
– the median price of a 2 bedroom SMV condo was $1.3M/$1,311 sq ft vs $1.09M/$999 sq ft in July 2021, (Pg 9)

Links to Aug 2022 Aspen and Snowmass Village Sold Property Photos and Details
Aspen Aug 2022 Closed Properties.   This link is valid until 10/1/2022
Snowmass Village Aug 2022 Closed Properties. This link is valid until  10/1/2022 
Vacant Lots Aug 2022 Closed Properties. This link is valid until   10/1/2022

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