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.