Third Quarter 2019 Micro Market Report | Aspen Snowmass Sotheby's International Realty

Page 1

Third Quarter 2019 vs 2018

Januaury 1st - September 30th, 2019

MICRO MARKET REPORT

Aspen Snowmass Village Basalt Carbondale Down Valley Golf Market Glenwood Springs

A s p e n Sn ow m a s s SIR .c o m Source : As p e n Board of Real tors M ul t i p l e Li st i ng Service


ASPEN MARKET

Third Quarter 2019 vs 2018 CENTRAL CORE Average Sold Price Average Sold Price per Sq Ft Average Days on Market

SINGLE FAMILY HOMES 2018 2019

% Change

$8,982,667

$9,800,000

9%

Average Sold Price

$2,208

$2,396

9%

Average Sold Price per Sq Ft Average Days on Market

354

362

2%

% Sold Price to List Price Number of Properties Sold Total Sales Volume

91% 6 $53,896,000

95% 3 $29,400,000

4% -50% -45%

WEST ASPEN

SINGLE FAMILY HOMES 2018 2019

Average Sold Price Average Sold Price per Sq Ft Average Days on Market

CENTRAL CORE

% Change

% Sold Price to List Price Number of Properties Sold Total Sales Volume

WEST ASPEN

$4,604,800

$10,089,962

119%

Average Sold Price

$1,041

$1,288

24%

Average Sold Price per Sq Ft

182

368

102%

Average Days on Market

% Sold Price to List Price Number of Properties Sold Total Sales Volume

91% 15 $69,072,000

90% 17 $171,529,350

-1% 13% 148%

% Sold Price to List Price Number of Properties Sold Total Sales Volume

EAST ASPEN

SINGLE FAMILY HOMES 2018 2019

Average Sold Price Average Sold Price per Sq Ft Average Days on Market

% Change

EAST ASPEN

$6,607,143

$6,259,017

-5%

Average Sold Price

$1,333

$1,568

18%

Average Sold Price per Sq Ft

399

235

-41%

Average Days on Market

% Sold Price to List Price Number of Properties Sold Total Sales Volume

91% 7 $46,250,000

92% 15 $93,885,259

1% 114% 103%

% Sold Price to List Price Number of Properties Sold Total Sales Volume

WEST END

SINGLE FAMILY HOMES 2018 2019

Average Sold Price Average Sold Price per Sq Ft Average Days on Market % Sold Price to List Price Number of Properties Sold Total Sales Volume

SMUGGLER Average Sold Price Average Sold Price per Sq Ft Average Days on Market

% Change

WEST END

$7,451,309

$6,715,909

-10%

Average Sold Price

$2,143

$1,872

-13%

Average Sold Price per Sq Ft

193

349

81%

Average Days on Market

95% 12 $89,415,707

93% 11 $73,875,000

-2% -8% -17%

% Sold Price to List Price Number of Properties Sold Total Sales Volume

SINGLE FAMILY HOMES 2018 2019

% Change

SMUGGLER

$6,899,375

$4,392,857

-36%

Average Sold Price

$1,473

$970

-34%

Average Sold Price per Sq Ft

209

232

11%

Average Days on Market

% Sold Price to List Price Number of Properties Sold Total Sales Volume

95% 8 $55,195,000

91% 7 $30,750,000

-4% -13% -44%

% Sold Price to List Price Number of Properties Sold Total Sales Volume

RED MOUNTAIN

SINGLE FAMILY HOMES 2018 2019

Average Sold Price

$10,033,333

$10,699,200

7%

$2,638

$1,708

-35%

Average Sold Price per Sq Ft

305

378

24%

Average Days on Market

95% 3 $30,100,000

87% 5 $53,496,000

-8% 67% 78%

% Sold Price to List Price Number of Properties Sold Total Sales Volume

Average Sold Price per Sq Ft Average Days on Market % Sold Price to List Price Number of Properties Sold Total Sales Volume

% Change

MCLAIN FLATS Average Sold Price

CONDOS/TOWNHOMES 2018 2019

% Change

$2,991,869

$1,959,011

-35%

$1,760

$1,813

3%

342

189

-45%

94% 62 $185,495,854

95% 69 $135,171,750

1% 11% -27%

CONDOS/TOWNHOMES 2018 2019

% Change

$2,547,346

$3,246,513

26%

$953

$1,099

15%

266

287

8%

95% 13 $33,466,500

95% 15 $48,697,690

0% 15% 46%

CONDOS/TOWNHOMES 2018 2019

% Change

$2,912,500

$3,690,625

27%

$1,158

$1,247

8%

303

421

39%

92% 3 $8,737,500

93% 8 $29,525,000

1% 167% 238%

CONDOS/TOWNHOMES 2018 2019

% Change

$2,315,455

$1,613,312

-30%

$1,301

$1,267

-3%

253

252

0%

95% 11 $25,470,000

95% 8 $12,906,500

0% -27% -49%

CONDOS/TOWNHOMES 2018 2019

% Change

$1,727,857

$1,525,000

-12%

$1,049

$1,161

11%

183

164

-10%

94% 7 $12,095,000

97% 9 $13,725,000

3% 29% 13%

SINGLE FAMILY HOMES 2018 2019

% Change

$6,570,000

$6,605,000

1%

$1,062

$807

-24%

432

403

-7%

94% 5 $32,850,000

89% 5 $33,025,000

-5% 0% 1%


Third Quarter 2019 vs 2018

SNOWMASS VILLAGE MARKET SKI-IN/SKI-OUT

SINGLE FAMILY HOMES 2018 2019

Average Sold Price

$4,728,000

$6,338,056

79%

Average Sold Price

Average Sold Price per Sq Ft

$957

$1,272

33%

Average Days on Market

363

226

% Sold Price to List Price

79%

Number of Properties Sold

% Change

SKI-IN/SKI-OUT

CONDOS/TOWNHOMES 2018 2019

% Change

$980,284

$878,804

-10%

Average Sold Price per Sq Ft

$631

$649

3%

-38%

Average Days on Market

324

298

-8%

94%

19%

% Sold Price to List Price

92%

94%

2%

5

9

80%

Number of Properties Sold

32

35

9%

Total Sales Volume

$23,640,000

$57,042,500

141%

Total Sales Volume

$31,369,100

$30,758,150

-2%

NON SKI-IN/SKI-OUT

SINGLE FAMILY HOMES 2018 2019

Average Sold Price

$2,998,610

$3,119,831

4%

Average Sold Price

Average Sold Price per Sq Ft

$731

$773

6%

Average Days on Market

285

397

% Sold Price to List Price

94%

Number of Properties Sold

% Change

NON SKI-IN/SKI-OUT

CONDOS/TOWNHOMES 2018 2019

% Change

$777,264

$1,121,429

44%

Average Sold Price per Sq Ft

581

$697

20%

39%

Average Days on Market

209

201

-4%

90%

-4%

% Sold Price to List Price

95%

96%

1%

29

26

-10%

Number of Properties Sold

36

28

-22%

Total Sales Volume

$86,959,677

$81,115,600

-7%

Total Sales Volume

$27,981,500

$31,400,000

12%

BASE VILLAGE

CONDOS/TOWNHOMES 2018 2019

Average Sold Price

% Change

$432,167

$1,056,177

144%

Average Sold Price per Sq Ft

$707

$958

36%

Average Days on Market

121

260

115%

% Sold Price to List Price

98%

98%

0%

Number of Properties Sold

36

31

-14%

$15,558,000

$32,741,500

110%

Total Sales Volume


Third Quarter 2019 vs 2018

BASALT MARKET BASALT PROPER

SINGLE FAMILY HOMES 2018 2019

Average Sold Price

$1,356,058

$1,254,030

96%

Average Sold Price

Average Sold Price per Sq Ft

$521

$437

-16%

Average Days on Market

159

176

% Sold Price to List Price

96%

Number of Properties Sold

% Change

BASALT PROPER

CONDOS/TOWNHOMES 2018 2019

% Change

$583,885

$618,981

6%

Average Sold Price per Sq Ft

$463

$428

-8%

11%

Average Days on Market

183

143

-22%

95%

-1%

% Sold Price to List Price

98%

97%

-1%

31

36

16%

Number of Properties Sold

51

50

-2%

Total Sales Volume

$42,037,800

$45,145,082

7%

Total Sales Volume

$29,778,130

$30,949,061

4%

EL JEBEL

SINGLE FAMILY HOMES 2018 2019

Average Sold Price

% Change

EL JEBEL

$688,401

$725,391

5%

Average Sold Price

Average Sold Price per Sq Ft

$331

$340

3%

Average Days on Market

155

89

% Sold Price to List Price

97%

Number of Properties Sold

CONDOS/TOWNHOMES 2018 2019

% Change

$676,600

$661,900

-2%

Average Sold Price per Sq Ft

$302

$317

5%

-43%

Average Days on Market

252

267

6%

98%

1%

% Sold Price to List Price

99%

100%

1%

13

14

8%

Number of Properties Sold

5

5

0%

Total Sales Volume

$8,949,209

$10,155,469

13%

Total Sales Volume

$3,838,000

$3,309,500

-2%

EMMA

SINGLE FAMILY HOMES 2018 2019

FRYING PAN

SINGLE FAMILY HOMES 2018 2019

Average Sold Price

$1,357,000

$1,660,167

22%

Average Sold Price

Average Sold Price per Sq Ft

$418

$531

27%

Average Days on Market

449

271

% Sold Price to List Price

92%

Number of Properties Sold Total Sales Volume

% Change

% Change

$636,429

$1,034,328

63%

Average Sold Price per Sq Ft

$280

$379

35%

-40%

Average Days on Market

388

237

-39%

92%

0%

% Sold Price to List Price

93%

98%

5%

7

3

-57%

Number of Properties Sold

7

4

-43%

$9,499,000

$4,980,500

-48%

Total Sales Volume

$4,455,000

$4,137,310

-7%


Third Quarter 2019 vs 2018

CARBONDALE MARKET CARBONDALE PROPER

SINGLE FAMILY HOMES 2018 2019

Average Sold Price

$799,306

$890,365

11%

Average Sold Price

$308

$311

1%

Average Sold Price per Sq Ft

Average Days on Market

123

144

17%

% Sold Price to List Price

96%

96%

Number of Properties Sold

45

Total Sales Volume

$35,968,777

CARBONDALE RURAL*

SINGLE FAMILY HOMES 2018 2019

Average Sold Price

$955,706

$1,256,730

31%

Average Sold Price

$308

$316

2%

Average Days on Market

178

244

% Sold Price to List Price

95%

Number of Properties Sold

Average Sold Price per Sq Ft

Average Sold Price per Sq Ft

Total Sales Volume

% Change

CARBONDALE PROPER CONDOS/TOWNHOMES 2018

2019

% Change

$475,072

$539,756

14%

$314

$327

4%

Average Days on Market

86

107

24%

0%

% Sold Price to List Price

98%

99%

1%

39

-13%

Number of Properties Sold

32

44

38%

$34,724,237

-3%

Total Sales Volume

$15,202,307

$23,749,276

56%

% Change

CARBONDALE RURAL*

CONDOS/TOWNHOMES 2018 2019

% Change

$605,333

$684,031

13%

Average Sold Price per Sq Ft

$277

$270

-2%

37%

Average Days on Market

240

149

-38%

94%

-1%

% Sold Price to List Price

94%

98%

4%

34

38

12%

Number of Properties Sold

15

16

7%

$32,494,000

$47,755,750

47%

Total Sales Volume

$9,080,000

$10,944,500

21%

*Does not include Missouri Heights properties


Third Quarter 2019 vs 2018

DOWN VALLEY GOLF MARKET RIVER VALLEY RANCH Average Sold Price

SINGLE FAMILY HOMES 2018 2019

% Change

RIVER VALLEY RANCH

$997,625

$1,154,402

97%

Average Sold Price

Average Sold Price per Sq Ft

$265

$302

14%

Average Days on Market

148

207

% Sold Price to List Price

97%

Number of Properties Sold

CONDOS/TOWNHOMES 2018 2019

% Change

$837,400

$946,860

13%

Average Sold Price per Sq Ft

$307

$339

11%

40%

Average Days on Market

200

178

-11%

95%

-2%

% Sold Price to List Price

99%

99%

0%

20

18

-10%

Number of Properties Sold

2

5

150%

Total Sales Volume

$19,952,500

$20,779,237

4%

Total Sales Volume

$1,674,800

$4,734,300

183%

ASPEN GLEN

SINGLE FAMILY HOMES 2018 2019

Average Sold Price

$1,224,429

$1,418,456

16%

Average Sold Price

Average Sold Price per Sq Ft

$292

$295

1%

Average Days on Market

271

246

% Sold Price to List Price

92%

Number of Properties Sold

% Change

ASPEN GLEN

CONDOS/TOWNHOMES 2018 2019

% Change

$784,286

$899,667

15%

Average Sold Price per Sq Ft

$222

$253

14%

-9%

Average Days on Market

305

184

-40%

93%

1%

% Sold Price to List Price

96%

97%

1%

14

17

21%

Number of Properties Sold

7

9

29%

Total Sales Volume

$17,142,000

$24,113,750

41%

Total Sales Volume

$5,490,000

$8,097,000

47%

IRONBRIDGE

SINGLE FAMILY HOMES 2018 2019

Average Sold Price

% Change

$532,241

$619,612

16%

Average Sold Price per Sq Ft

$267

$240

-10%

Average Days on Market

134

160

19%

% Sold Price to List Price

98%

97%

-1%

Number of Properties Sold

16

8

-50%

$8,515,856

$4,953,500

-42%

Total Sales Volume


Third Quarter 2019 vs 2018

GLENWOOD SPRINGS MARKET GLENWOOD PROPER Average Sold Price

SINGLE FAMILY HOMES 2018 2019

% Change

GLENWOOD PROPER

$521,495

$546,298

5%

Average Sold Price

$244

$255

4%

Average Sold Price per Sq Ft

Average Days on Market

94

99

5%

% Sold Price to List Price

98%

98%

Number of Properties Sold

63

Total Sales Volume

$32,854,215

GLENWOOD SOUTH

SINGLE FAMILY HOMES 2018 2019

Average Sold Price per Sq Ft

Average Sold Price

CONDOS/TOWNHOMES 2018 2019

% Change

$307,779

$321,832

5%

$230

$260

13%

Average Days on Market

69

101

46%

0%

% Sold Price to List Price

98%

98%

0%

63

0%

Number of Properties Sold

48

61

27%

$34,416,800

5%

Total Sales Volume

$14,773,400

$19,631,749

33%

% Change

GLENWOOD SOUTH

$658,598

$676,165

3%

Average Sold Price

Average Sold Price per Sq Ft

$247

$237

-4%

Average Days on Market

134

136

% Sold Price to List Price

97%

Number of Properties Sold

CONDOS/TOWNHOMES 2018 2019

% Change

$239,357

$275,000

15%

Average Sold Price per Sq Ft

$196

$254

30%

1%

Average Days on Market

173

82

-53%

98%

1%

% Sold Price to List Price

94%

97%

3%

60

47

-22%

Number of Properties Sold

7

8

14%

Total Sales Volume

$39,515,856

$31,779,740

-20%

Total Sales Volume

$1,675,500

$2,200,000

31%

GLENWOOD WEST

SINGLE FAMILY HOMES 2018 2019

Average Sold Price

% Change

GLENWOOD WEST

$504,700

$558,050

11%

Average Sold Price

$197

$240

22%

Average Sold Price per Sq Ft

Average Days on Market

79

95

20%

% Sold Price to List Price

100%

97%

Number of Properties Sold

9 $4,542,300

Average Sold Price per Sq Ft

Total Sales Volume

CONDOS/TOWNHOMES 2018 2019

% Change

$444,500

$435,000

-2%

$206

$242

18%

Average Days on Market

131

34

-74%

-3%

% Sold Price to List Price

97%

99%

2%

8

-11%

Number of Properties Sold

2

3

50%

$4,464,400

-2%

Total Sales Volume

$889,000

$1,305,000

47%


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