The Estin Report: Aspen & Snowmass Village Condo Sales Comparison

1st Quarter 2009 –  Quarterly Comparisons Year over Year (for past 5 years)

(Chart created 4/21/2009)

Summary of Data

 

Aspen Condos: Comparing 1Q09 to 1Q05 (Peak Year)     

  • Dollar Volume: 1Q09 Vs 1Q05  = -69% total, down avg. – 23%/yr since ’05                       
  • Transaction Volume: 1Q09 Vs 1Q05 =  -81%, down total,  avg. -33%/yr since ’05                       
  • Avg Price per SqFt: 1Q09 Vs 1Q05 = +117%, up avg. 22%/yr since ’05                       
  • Avg Days On Market: 1Q09 Vs 1Q05 = +8% total

Snowmass (SMV) Condos: Comparing 1Q09 to 1Q05 (Peak Year)

  • Dollar Volume: 1Q09 Vs 1Q05 = down -63% total, off avg. -13.5%/yr since ’05                       
  • Transaction Volume: 1Q09 Vs 1Q05 = down -84% total, off avg. -33%/yr since ’05                       
  • Avg Price per SqFt: 1Q09 Vs 1Q05 = + 145% total, up avg. +27%/yr since ’05                       
  • Avg Days On Market: 1Q09 Vs 1Q05 = +38% total                       

Current Condo Inventory (April 2009): 358 Total, Aspen & SMV, greater than $200,000.                
Aspen: = 222 units (incl. 52 unbuilt Boomerang Lodge units)        
Snowmass = 135 units