Mountain Market Report
Luxury Real Estate Market Research
ASPEN SNOWMASS BASALT May 2024
SINGLE FAMILY RESIDENCES
Median Sales Price
$2,678 $18,000,000
Average Sales Price per Square Foot
7
Closed Sales
Median Days on Market 95.6% 147
List Price Received
Aspen 2 Micro Market Report : May 2024
-10.0% ∆ Year
-29.3% ∆
1.5% ∆ Year over Year -22.2% ∆ Year over Year 157.9% ∆ Year over Year -38.4% ∆ Month over Month* -32.4% ∆ Month over Month* 0.9% ∆ Month over Month -22.2% ∆ Month over Month 2.8% ∆ Month over Month *Aspen’s
high
over Year*
Year over Year*
Sale Price data shows somewhat irregular month-over-month and year-over-year decreases, heavily due to Riley Warwick’s $108M, record-breaking
sale in April, 2024.
CONDOMINIUMS, TOWNHOMES, DUPLEXES
$2,625,000
Median Sales Price
$2,838
Average Sales Price per Square Foot
13
Closed Sales
Median Days on Market 92.5% 128
List Price Received
33.8% ∆ Year over
-23.6% ∆ Year
-2.1% ∆ Year over Year 85.7% ∆ Year over Year 190.9% ∆ Year over Year -27.4% ∆ Month over Month -4.6% ∆ Month over Month -1.6% ∆ Month over Month 18.2% ∆ Month over Month -38.2% ∆ Month over Month Micro Market Report : May 2024 3
Year
over Year
4 Micro Market Report : May 2024
Recent Sale
IN ASPEN
1180 DALE Avenue
Closed for $7,200,000
2 BR, 3 BA | Approx. 2,100sf
Raifie Bass and Wendy Wogan
Elliman Broker Associates
Micro Market Report : May 2024 5
Snowmass Village
SINGLE FAMILY RESIDENCES
Median Sales Price
$1,708 $9,272,500
Average Sales Price per Square Foot
3
Closed Sales
Median Days on Market
87.5% 175
List Price Received
6 Micro Market Report : May 2024
38.9% ∆ Year over Year 1.1% ∆ Year over Year 1.0% ∆ Year over Year 50.0% ∆ Year over Year 127.3% ∆ Year over Year 89.2% ∆ Month over Month -4.1% ∆ Month over Month -9.2% ∆ Month over Month -50.0% ∆ Month over Month 44.0% ∆ Month over Month
CONDOMINIUMS, TOWNHOMES, DUPLEXES
$1,325,000
Median Sales Price
$1,550
Average Sales Price per Square Foot
9
Closed Sales
Median Days on Market 95.5% 120
List Price Received
-25.6% ∆ Year over Year -8.8% ∆ Year over Year -2.3% ∆ Year over Year -40.0% ∆ Year over Year 196.3% ∆ Year over Year -45.8% ∆ Month over Month -11.2% ∆ Month over Month 0.4% ∆ Month over Month -35.7% ∆ Month over Month 32.6% ∆ Month over Month Micro Market Report : May 2024 7
On the Market
IN SNOWMASS VILLAGE
35 Lower Woodbridge Road, B107
$1,375,000 | 2 BR, 2 BA
Mary Kate Farrell
Elliman Broker Associate
8 Micro Market Report : May 2024
SINGLE FAMILY RESIDENCES
Median Sales Price
$755 $1,405,000
Average Sales Price per Square Foot
3
Closed Sales
Median Days on Market 98.9% 81
List Price Received
10 Micro Market Report : May 2024
-9.8% ∆ Year
-8.6% ∆ Year over Year 9.2% ∆ Year over Year 50.0% ∆ Year over Year -19.8% ∆ Year over Year -23.3% ∆ Month over Month 24.6% ∆ Month over Month 4.8% ∆ Month over Month -25.0% ∆ Month over Month -45.1% ∆ Month over Month Basalt
over Year
CONDOMINIUMS, TOWNHOMES, DUPLEXES
Median Sales Price
$813 $1,074,680
Average Sales Price per Square Foot
6
Closed Sales
Median Days on Market 95.5% 155
List Price Received
38.3% ∆ Year
-7.1% ∆ Year
-5.0% ∆ Year over Year -71.4% ∆ Year over Year 400.0% ∆ Year over Year -40.5% ∆ Month over Month 35.4% ∆ Month over Month -2.6% ∆ Month over Month 200.0% ∆ Month over Month 210.0% ∆ Month over Month Micro Market Report : May 2024 11
over Year
over Year
12 Micro Market Report : May 2024
Just Listed
BASALT
4959 Frying Pan Road
$6,400,000 | Land 22+ Acres Set Amongst Seven Castles
Michael Latousek
Elliman Broker Associate
IN
Micro Market Report : May 2024 13
630 E HYMAN AVE, STE 101, ASPEN, CO 81611. 970.925.8810. © 2024 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. IF YOUR PROPERTY IS CURRENTLY LISTED WITH ANOTHER REAL ESTATE BROKER, PLEASE DISREGARD THIS OFFER. IT IS NOT OUR INTENTION TO SOLICIT THE OFFERINGS OF OTHER REAL ESTATE BROKERS. WE COOPERATE WITH THEM FULLY. EQUAL HOUSING OPPORTUNITY. SALES DATA WITHIN THIS REPORT HAVE BEEN SOURCED FROM THE ASPEN/GLENWOOD MLS, 2024. O 970.925.8810 | elliman.com/colorado