Released 06.03.22 v1.6
Bottom Line May 2022: Prices of residential real estate in Aspen and Snowmass Village have shot up in the past two years. The local inventory of properties for sale is at its lowest level of the past 12 – in May 2022, inventory for Aspen is down 71% from May 2020 (Covid lockdown), (288) listings then vs (84) now and down 74% in Snowmass Village, (197) then vs (51) now. And although Aspen home prices had been steadily rising since 2014, the past 2 yrs – pandemic related – have been a rocket ship. Demand up; supply plummets: prices – up, up and away. In the past 1 – 1 1/2 yrs, market prices have been far more inventory driven, and even replacing traditional comparable sales valuation methods. New properties coming on the market are now priced 20-40%+ above yesterday’s sold comp which likely went under contract/pending 1-3 months earlier. There are more and more examples of “off-market”, unlisted, properties trading at record high prices. (For median sold prices and sold prices per square foot, see Pg 4).
Links to May 2022 Aspen and Snowmass Village Sold Property Photos and Details:
Aspen May 2022 Closed Properties. This link is valid until 7/1/22.
Snowmass Village May 2022 Closed Properties. This link is valid until 7/1/22.
Vacant Lots May 2022 Closed Properties. This link is valid until 7/1/22.