EV Real Estate Roaring Fork Valley Market Report | Up-Valley Q1 2021

Page 1

2 0 2 1 U P -VA L L E Y

MARKET REPORT

QUARTER ONE


QUARTER ONE

MARKET PERFORMANCE

U P -VA L L E Y No other mountain town in the world offers a lifestyle that Aspen is so famous for. The great outdoors is replete with every imaginable recreational endeavor, and cultural opportunities are in abundance, involving all the arts. The music scene presents all genres to please the soul, while intellectual stimulation is plentiful, and Mother Nature is resplendent every season; all pursuits can be fulfilled in the most beautiful setting. The historic city of Aspen is like no other, and those lucky enough to live or visit here, all concur. It is a haven in the Rocky Mountains where sunshine prevails, and the community thrives.


Q1 Market Update

ASPEN DOWNTOWN CORE

Single Family Homes. In the heart of Aspen’s commercial core spanning a sixteen square block area, you’ll find some of the most sought after luxury real estate in the world. Enjoy Fifth Avenue-style shopping, fine dining, entertainment, art galleries, nightlife, and several city parks while being just steps to the Aspen Mountain Gondola. NUMBER OF CLOSINGS IN FIRST QUARTER 1

1

1

1

2018

2019

2020

2021

AVER AGE SALE PRICE IN FIRST QUARTER 2018

4,600,000

2019

21,950,000

2020

27,695,635

2021

9,600,000

AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER $3,404 $2,520 $1,655

2018

2019

2020

$2,558

2021

AVERAGE DAYS ON MARKET FOR SALES IN FIRST QUARTER

579

131

27

2018

2019

2020

276 2021


Q1 Market Update

ASPEN DOWNTOWN CORE

Studio/1 Bedroom Condos. If you’re looking for convenience and close proximity to downtown with a cozy place to sleep, a studio or 1 bedroom in Aspen’s Downtown Core might be just the ticket. You can enjoy all that Aspen has to offer with a simple stress free lifestyle. NUMBER OF CLOSINGS IN FIRST QUARTER 6

7

4

4

2018

2019

2020

2021

AVER AGE SALE PRICE IN FIRST QUARTER 2018

680,291

2019

1,187,571

2020

929,166

2021

874,754

AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER

$1,539

2018

$2,162

$1,895

2020

2021

$1,682

2019

AVERAGE DAYS ON MARKET FOR SALES IN FIRST QUARTER

289

92

67

79

2018

2019

2020

2021


Q1 Market Update

ASPEN DOWNTOWN CORE

2 Bedroom Condos. Do you dream of the ease of living offered by a 2 bedroom luxury condo? Investing in a 2 bedroom in Aspen’s Downtown Core lends itself to a magnificent lifestyle. Close proximity to amenities including fine dining, galleries and more.

NUMBER OF CLOSINGS IN FIRST QUARTER 3

5

4

17

2018

2019

2020

2021

AVER AGE SALE PRICE IN FIRST QUARTER 2018

906,666

2019

2,175,000

2020

2,293,750 2,108,351 1,704,970

2021

AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER $2,072

$2,040 $1,695

$1,156

2018

2019

2020

2021

AVERAGE DAYS ON MARKET FOR SALES IN FIRST QUARTER

378

182

98

129

2018

2019

2020

2021


Q1 Market Update

ASPEN DOWNTOWN CORE

3+ Bedrooms in Aspen’s Downtown Core. Enjoy plenty of space for yourself and

guests in this ideal location featuring close proximity to skiing, nightlife, entertainment, and more. A larger condo in Aspen’s Downtown Core offers a lifestyle sought after worldwide. NUMBER OF CLOSINGS IN FIRST QUARTER 12

5

2018

2019

14

2020

16

2021

AVER AGE SALE PRICE IN FIRST QUARTER 2018

6,965,633

2019

6,940,000

2020

9,583,902

2021

5,278,750

AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER

$2,457

$2,504

$2,364

2019

2020

2021

$1,871

2018

AVERAGE DAYS ON MARKET FOR SALES FIRST QUARTER

516

128

634

311

2018

2019

2020

2021


Q1 Market Update

RED MOUNTAIN

Red Mountain. High on the hill above Aspen Mountain is Red Mountain, known for its high end real estate, exquisite large homes and scenic views of Downtown Aspen and surrounding areas.

NUMBER OF CLOSINGS IN FIRST QUARTER NA

2018

NA

2019

NA

2020

3

2021

AVER AGE SALE PRICE IN FIRST QUARTER 2018

NA

2019

NA

2020

NA

2021

15,007,000

AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER NA

NA

2018

2019

NA

2020

$2,432

2021

AVERAGE DAYS ON MARKET FOR SALES IN FIRST QUARTER

NA

NA

20

848

2018

2019

2020

2021


Q1 Market Update

EAST ASPEN

East Aspen. Indulge in Classic mountain architecture within close proximity to the Roaring Fork River. Residents can drive, bike or walk into town in 15 minutes or less.

NUMBER OF CLOSINGS IN FIRST QUARTER 5

3

2

3

2018

2019

2020

2021

AVER AGE SALE PRICE IN FIRST QUARTER 2018

6,548,500

2019

6,225,000

2020

13,650,000

2021

5,973,333

AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER $1,909 $1,248

$1,354

2018

2019

2020

$1,843

2021

AVERAGE DAYS ON MARKET FOR SALES IN FIRST QUARTER

401

162

216

176

2018

2019

2020

2021


Q1 Market Update

SMUGGLER

Smuggler. Known as “Aspen’s Backyard,”

Smuggler is an historic mining area offering picturesque trails and engaging recreational activities including some of the region’s best hiking in the Summer months.

NUMBER OF CLOSINGS IN FIRST QUARTER 4

6

2

8

2018

2019

2020

2021

AVER AGE SALE PRICE IN FIRST QUARTER 2018

8,078,750

2019

3,020,000

2020

1,175,000

2021

3,210,393

AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER $1,760

2018

$1,120

2019

$771

2020

$1,300

2021

AVERAGE DAYS ON MARKET FOR SALES IN FIRST QUARTER

290

142

270

149

2018

2019

2020

2021


Q1 Market Update

HISTORIC WEST END

Historic West End. This area offers gorgeous Victorian style homes, as well as modern architecture. Views of Aspen Mountain, Shadow Mountain and Tiehack/Buttermilk abound. Perks include a walkable neighborhood, with best in class

fly fishing and of course access to world class skiing. NUMBER OF CLOSINGS IN FIRST QUARTER 3

9

2

7

2018

2019

2020

2021

AVER AGE SALE PRICE IN FIRST QUARTER 2018

4,546,902

2019

3,792,222

2020

7,725,000

2021

6,021,428

AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER $1,439

2018

$1,399

2019

$1,792

2020

$2,020

2021

AVERAGE DAYS ON MARKET FOR SALES IN FIRST QUARTER

136

280

594

2018

2019

2020

241 2021


Q1 Market Update

CEMETERY LANE

Cemetery Lane. Home to the most “full-time” residents, this neighborhood presents a genuine “local” feel. Enjoyed by those who seek a mix of old and new, luxury homes, townhouses and condos are excellent choices. Proximity to the Roaring Fork River and excellent golf. NUMBER OF CLOSINGS IN FIRST QUARTER 4

6

1

2

2018

2019

2020

2021

AVER AGE SALE PRICE IN FIRST QUARTER 2018

3,860,000

2019

4,173,031

2020

4,850,000

2021

3,300,000

AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER

$1,108

$1,193

2018

2019

$1,585

2020

$1,249

2021

AVERAGE DAYS ON MARKET FOR SALES IN FIRST QUARTER

359

472

68

345

2018

2019

2020

2021


Q1 Market Update

WEST ASPEN

West Aspen (Buttermilk/Highlands). Not only is Buttermilk home to the famous Winter X Games, it is in ideal area for family skiing, delicious cuisine, views of pyramid peak and Summer wildflowers.

NUMBER OF CLOSINGS IN FIRST QUARTER 5

5

5

11

2018

2019

2020

2021

AVER AGE SALE PRICE IN FIRST QUARTER 2018

1,794,600

2019

6,300,000

2020

4,856,000 2,108,351 11,957,181

2021

AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER

$863

$847

2018

2019

$1,275

$1,465

2020

2021

AVERAGE DAYS ON MARKET FOR SALES IN FIRST QUARTER

149

310

218

326

2018

2019

2020

2021


Q1 Market Update

MCLAIN FLATS/STARWOOD

McLain Flats/Starwood. For those who seek wide open ranchlands with big mountain views, located 10 just minutes from Aspen. Here you can find spacious estates where privacy abounds. Horse ranches, agriculture and farms are plenty in this area. NUMBER OF CLOSINGS IN FIRST QUARTER 2

2018

3

2019

1

2020

2

2021

AVER AGE SALE PRICE IN FIRST QUARTER 2018

8,012,500

2019

7,416,666

2020

3,400,000

2021

13,929,300

AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER $2,287 $1,134

2018

$920

2019

$1,239

2020

2021

AVERAGE DAYS ON MARKET FOR SALES IN FIRST QUARTER

89

413

133

156

2018

2019

2020

2021


Q1 Market Update

WOODY CREEK

Woody Creek. The perfect area for people looking for a private lifestyle yet still in a community. A wonderful option for outdoor enthusiasts looking to spend time fly fishing, hiking, biking or just relaxing. About a 15 minute drive to Downtown Aspen. NUMBER OF CLOSINGS IN FIRST QUARTER 1

NA

NA

NA

2018

2019

2020

2021

AVER AGE SALE PRICE IN FIRST QUARTER 2018

$13,400,000

2019

NA

2020

NA

2021

NA

AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER NA

NA

NA

2019

2020

2021

$1,074

2018

AVERAGE DAYS ON MARKET FOR SALES IN FIRST QUARTER

1,127

NA

NA

NA

2018

2019

2020

2021


Q1 Market Update

SNOWMASS VILLAGE

Single Family Homes. Snowmass offers ideal skiing, but with over than just 40 miles of hiking and biking trails, you’ll find plenty to do once the snow melts. The town boasts casual eateries, shops, festivals and music events as well as a rodeo held each Summer. NUMBER OF CLOSINGS IN FIRST QUARTER 10

NA

NA

15

2018

2019

2020

2021

AVER AGE SALE PRICE IN FIRST QUARTER 2018

2,539,117

2019

6,270,357

2020

2,775,000

2021

4,872,433

AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER $1,259

$1,174 $755

$658

2018

2019

2020

2021

AVERAGE DAYS ON MARKET FOR SALES IN FIRST QUARTER

318

175

443

250

2018

2019

2020

2021


Q1 Market Update

SNOWMASS VILLAGE

Townhomes & Duplexes. The

convenience of a townhome can offer great benefits. And, when the flakes fly again, residents can make use of a groomed cross country ski trail linking Snowmass to Aspen. The area features a mix of timeless, and modern architecture. NUMBER OF CLOSINGS IN FIRST QUARTER 1

2

5

75

2018

2019

2020

2021

AVER AGE SALE PRICE IN FIRST QUARTER 2018

950,000

2019

2,360,000

2020

1,875,800

2021

2,108,351

AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER $960 $706

$944

$432

2018

2019

2020

2021

AVERAGE DAYS ON MARKET FOR SALES IN FIRST QUARTER

108

165

216

9

2018

2019

2020

2021


Q1 Market Update

SNOWMASS VILLAGE

2 Bedroom Condos. Enjoy this year round area while living in a convenient 2 bedroom condo. With a lower maintenance property, you can enjoy more time frequenting shops, enjoying quaint restaurants, skiing, hiking, biking, and more. NUMBER OF CLOSINGS IN FIRST QUARTER 8

2

9

15

2018

2019

2020

2021

AVER AGE SALE PRICE IN FIRST QUARTER 2018

615,525

2019

801,100

2020

854,439

2021

971,647

AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER

$625

$739

$799

$816

2018

2019

2020

2021

AVERAGE DAYS ON MARKET FOR SALES IN FIRST QUARTER

848 219

132

289

27

2018

2019

2020

2021


Q1 Market Update

SNOWMASS VILLAGE

3 Bedroom + Condos. For those who

would like a bit more room, or the potential to host guests, the larger condos in this year round area prioritizing recreation and classic luxury are an ideal option.

NUMBER OF CLOSINGS IN FIRST QUARTER 3

6

15

15

2018

2019

2020

2021

AVER AGE SALE PRICE IN FIRST QUARTER 2018

768,333

2019

2,056,250

2020

2,384,333

2021

2,209,900

AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER NA

$1,191

$1,128

2019

2020

2021

$585

2018

AVERAGE DAYS ON MARKET FOR SALES IN FIRST QUARTER

286

347

425

199

2018

2019

2020

2021


Q1 Market Update

ASPEN LAND

Aspen Land. Some simply like to carve out their own place in the world. For investors, families, and developers alike, Aspen showcases some of the most picturesque land and sweeping views in the world.

NUMBER OF CLOSINGS IN FIRST QUARTER 6

7

3

6

2018

2019

2020

2021

AVER AGE SALE PRICE IN FIRST QUARTER 2018

952,250

2019

3,825,714

2020

790,000

2021

2,471,666

AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER NA

NA

NA

NA

2018

2019

2020

2021

AVERAGE DAYS ON MARKET FOR SALES IN FIRST QUARTER

308

362

539

224

2018

2019

2020

2021


Q1 Market Update

SNOWMASS VILLAGE LAND

Land. For those who desire to build their dream. A big mountain lifestyle along with the near unlimited recreational and cultural activities make it a place where a variety of architectural styles can paint the majestic backdrop. NUMBER OF CLOSINGS IN FIRST QUARTER NA

1

3

6

2018

2019

2020

2021

AVER AGE SALE PRICE IN FIRST QUARTER 2018

NA

2019

1,225,000

2020

NA

2021

2,725,000

AVERAGE PRICE PER SQUARE FOOT IN FIRST QUARTER NA

NA

NA

NA

2018

2019

2020

2021

AVERAGE DAYS ON MARKET FOR SALES IN FIRST QUARTER

NA

96

NA

100

2018

2019

2020

2021


LUXURY

REAL ESTATE SINCE 1977

All reports are published April and May 2021 based on data available at the end of March 2021, except for the today stats. Information and statistics derived from the Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.


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