EV Real Estate Roaring Fork Valley Market Report | Down-Valley Q2 2021

Page 1

2 0 2 1 D O W N -VA L L E Y

MARKET REPORT

QUARTER TWO


QUARTER TWO

MARKET PERFORMANCE

D O W N -VA L L E Y The center of the Roaring Fork Valley offers easy access to everything: from art festivals, rodeos, block parties, hot springs, and farmer’s markets, to fine dining and fishing! It’s an amazing place where options for daily activities are so varied and plentiful; no matter the season, it’s hard to choose. Down-valley also embraces its mining, ranching, skiing, and resort identities, and has become an attractive place for sustainable businesses - making it an extremely desirable place to live for people of all different backgrounds.


Q2 Market Update

OLD SNOWMASS

// Old Snowmass //

Snowmass, known by the locals as “Old Snowmass,” features charming homes, ranches, commercial businesses, and plenty of recreation at nearby Snowmass ski area and Snowmass Village.

NUMBER OF CLOSINGS IN SECOND QUARTER 10

4

4

5

2018

2019

2020

2021

AVER AGE SALE PRICE IN SECOND QUARTER 2018

3,336,900

2019

1,630,000

2020

2,568,750

2021

3,630,000

AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER $1232

$925

2018

$420

$518

2019

2020

2021

AVERAGE DAYS ON MARKET FOR SALES IN SECOND QUARTER

654

250

346

263

2018

2019

2020

2021


Q2 Market Update

RUEDI RESERVOIR

// Ruedi Reservoir //

The perfect spot for enjoyment in winter and after the snow melts. Spend your days boating, wakesurfing, swimming, or SUP'ing in the beautiful scenic red-rock lined area.

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NUMBER OF CLOSINGS IN SECOND QUARTER 2

NA

3

NA

2018

2019

2020

2021

AVER AGE SALE PRICE IN SECOND QUARTER 2018

647,500

2019

N/A

2020

2,966,666

2021

N/A

AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER NA

$1628

NA

2019

2020

2021

$250 2018

AVERAGE DAYS ON MARKET FOR SALES IN SECOND QUARTER

381

NA

319

NA

2018

2019

2020

2021


Q2 Market Update

BASALT

// Basalt // Lorem ipsum

Located in the Roaring Fork Valley near Aspen, here you can enjoy quintessential Colorado. Whether it’s fresh air you seek, or frequenting shops and excellent restaurants, the community has something for everyone. NUMBER OF CLOSINGS IN SECOND QUARTER 18

11

18

22

2018

2019

2020

2021

AVER AGE SALE PRICE IN SECOND QUARTER 2018

1,050,536

2019

755,100

2020

849,690

2021

1,028,888

AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER $480

2018

$402

$444

2019

2020

$480

2021

AVERAGE DAYS ON MARKET FOR SALES IN SECOND QUARTER

165

205

215

96

2018

2019

2020

2021


Q2 Market Update

// Emma & Sopris Ranch //

EMMA & SOPRIS RANCH

Just a half hour from Aspen, live amongst some of the most spectacular views Colorado provides, while thriving in a rural, ranch-like setting with working farms. Residents enjoy wildlife, recreation, and natural landscapes, including stunning views of Mt. Sopris. NUMBER OF CLOSINGS IN SECOND QUARTER 3

1

3

1

2018

2019

2020

2021

AVER AGE SALE PRICE IN SECOND QUARTER 2018

1,221,333

2019

1,300,000

2020

2,850,000

2021

4,225,000

AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER $846 $474

2018

$400

$398

2019

2020

2021

AVERAGE DAYS ON MARKET FOR SALES IN SECOND QUARTER

643

79

273

181

2018

2019

2020

2021


Q2 Market Update

// Willits //

WILLITS SINGLE-FAMILY & TOWNHOME

Live close to the cutest town center, boasting first-r ate dining, and fun, spirited community events. Easy access to the slopes, world-class hiking and biking trails, and some of the best fly fishing spots around.

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NUMBER OF CLOSINGS IN SECOND QUARTER 9

16

17

16

2018

2019

2020

2021

AVER AGE SALE PRICE IN SECOND QUARTER 2018

619,531

2019

740,625

2020

709,216

2021

829,596

AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER $510 $376

2018

2019

$443

2020

$507

2021

AVERAGE DAYS ON MARKET FOR SALES IN SECOND QUARTER

264

121

174

98

2018

2019

2020

2021


Q2 Market Update

EL JEBEL (SOPRIS/SHADOWROCK)

// El Jebel //

Live in a picturesque tiny town in the heart of the Roaring Fork Valley - conveniently close to Snowmass and Aspen. El Jebel offers year-round activities, and excellent dining options.

NUMBER OF CLOSINGS IN SECOND QUARTER 4

2

2018

2019

7

2020

2

2021

AVER AGE SALE PRICE IN SECOND QUARTER 2018

627,927

2019

727,250

2020

860,000

2021

712,500

AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER $293

$298

$330

2018

2019

2020

$291

2021

AVERAGE DAYS ON MARKET FOR SALES IN SECOND QUARTER

237

275

96

56

2018

2019

2020

2021


Q2 Market Update

MISSOURI HEIGHTS

// Missouri Heights //

Many properties in Missouri Heights are a haven for horse lovers who seek wide-open spaces and a rural, tranquil environment with easy access to town.

NUMBER OF CLOSINGS IN SECOND QUARTER 8

10

7

12

2018

2019

2020

2021

AVER AGE SALE PRICE IN SECOND QUARTER 2018

800,664

2019

849,761

2020

1,493,472

2021

2,071,923

AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER $569 $262

$308

2018

2019

$383

2020

2021

AVERAGE DAYS ON MARKET FOR SALES IN SECOND QUARTER

439

251

253

299

2018

2019

2020

2021


Q2 Market Update

CARBONDALE PROPER

// Carbondale Proper //

A picture-perfect downtown setting, showcasing shopping and dining, located at the base of Mt. Sopris. Nature and recreation are in close proximity to this quaint and charming town.

NUMBER OF CLOSINGS IN SECOND QUARTER 21

24

44

31

2018

2019

2020

2021

AVER AGE SALE PRICE IN SECOND QUARTER 2018

527,750

2019

588,145

2020

607,156

2021

688,044

AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER $317

$307

2018

2019

$359

2020

$416

2021

AVERAGE DAYS ON MARKET FOR SALES IN SECOND QUARTER

72

108

74

92

2018

2019

2020

2021


Q2 Market Update

EAST CARBONDALE

// East Carbondale //

Lush landscapes surrounded by parks and recreation make this area desirable. Hiking and biking trails are plenty.

NUMBER OF CLOSINGS IN SECOND QUARTER 9

9

8

11

2018

2019

2020

2021

AVER AGE SALE PRICE IN SECOND QUARTER 2018

791,444

2019

791,444

2020

783,281

2021

1,014,856

AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER

$337

$314

2018

2019

$372

2020

$448

2021

AVERAGE DAYS ON MARKET FOR SALES IN SECOND QUARTER

183

91

148

111

2018

2019

2020

2021


Q2 Market Update

RIVER VALLEY RANCH

// River Valley Ranch //

River Valley Ranch is a private community in the beautiful Crystal River valley community. Ideal for recreation enthusiasts and golf lovers, and for those who enjoy just a short stroll to downtown Carbondale.

NUMBER OF CLOSINGS IN SECOND QUARTER 6

6

16

4

2018

2019

2020

2021

AVER AGE SALE PRICE IN SECOND QUARTER 2018

875,633

2019

588,145

2020

1,186,351

2021

1,681,500

AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER

$271

$307

2018

2019

$341

2020

$372

2021

AVERAGE DAYS ON MARKET FOR SALES IN SECOND QUARTER

151

108

281

97

2018

2019

2020

2021


Q2 Market Update

ASPEN GLEN

// Aspen Glen //

Nestled along four miles of the Roaring Fork River and just north of Carbondale Proper, Aspen Glen is the ideal, private and gated golf course community, and home to Gold Medal trout fishing.

NUMBER OF CLOSINGS IN SECOND QUARTER 9

10

2

2

2018

2019

2020

2021

AVER AGE SALE PRICE IN SECOND QUARTER 2018

1,044,333

2019

1,044,333

2020

1,312,500

2021

2,987,500

AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER $571 $297

$285

$228

2018

2019

2020

2021

AVERAGE DAYS ON MARKET FOR SALES IN SECOND QUARTER

321

290

311

76

2018

2019

2020

2021


Q2 Market Update

// Carbondale Rural //

CARBONDALE RURAL

Enjoy what Colorado living is all about in this rural community filled with fly fishing, biking trails and paths, horseback riding, rivers, creeks, pastures, and wildlife abound. Numerous ranches, horse properties and modest homes reside in this quiet side of the valley, located along the Roaring Fork River. NUMBER OF CLOSINGS IN SECOND QUARTER 4

5

4

4

2018

2019

2020

2021

AVER AGE SALE PRICE IN SECOND QUARTER 2018

471,000

2019

904,500

2020

1,204,750

2021

4,433,788

AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER $790

$234

$250

2018

2019

$294

2020

2021

AVERAGE DAYS ON MARKET FOR SALES IN SECOND QUARTER

52

99

147

352

2018

2019

2020

2021


Q2 Market Update

MID-VALLEY LOTS & LAND

// Mid-Valley Lots & Land //

Bring your dreams and your vision. Prepare to be surrounded by majestic mountains and soak in year-round recreation.

NUMBER OF CLOSINGS IN SECOND QUARTER 40

27

17

2018

2019

2020

58

2021

AVER AGE SALE PRICE IN SECOND QUARTER 2018

258,231

2019

192,196

2020

169,147

2021

458,508

AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER NA

NA

2018

2019

NA

NA

2020

2021

AVERAGE DAYS ON MARKET FOR SALES IN SECOND QUARTER

315

348

311

297

2018

2019

2020

2021


Q2 Market Update

// Crystal River Valley //

CRYSTAL RIVER VALLEY

Rich in history and activities galore, residents are drawn to mountain biking trails, horseback riding, endless miles of 4X4 OHV roads, and hiking in the summer. In the winter, one might choose to take advantage of cross country skiing, snowshoeing, or ice skating. NUMBER OF CLOSINGS IN SECOND QUARTER NA

2

8

11

2018

2019

2020

2021

AVER AGE SALE PRICE IN SECOND QUARTER 2018

N/A

2019

685,000

2020

752,750

2021

892,727

AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER NA

$653 $416 $336

2018

2019

2020

2021

AVERAGE DAYS ON MARKET FOR SALES IN SECOND QUARTER

NA

129

215

92

2018

2019

2020

2021


// Glenwood Springs //

Q2 Market Update

GLENWOOD SPRINGS (PROPER/WEST)

This resort town is known for its world-famous hot springs and a generous offering of outdoor activities. Live in the paradise of the rugged Rocky Mountains, nestled between the Colorado and Roaring Fork rivers. NUMBER OF CLOSINGS IN SECOND QUARTER NA

51

29

54

2018

2019

2020

2021

AVER AGE SALE PRICE IN SECOND QUARTER 2018

892,025

2019

442,409

2020

482,063

2021

578,752

AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER $319

$272

$250

$236

2018

2019

2020

2021

AVERAGE DAYS ON MARKET FOR SALES IN SECOND QUARTER

848 94

95

89

2018

2019

2020

60 2021


Q2 Market Update

SOUTH GLENWOOD SPRINGS

// South Glenwood Springs //

Located on the 'Up-Valley' side of Glenwood Springs, this area encompasses everything from golf course homes in Ironbridge, to riverside condominiums - all within minutes of the Roaring Fork River recreational opportunities. NUMBER OF CLOSINGS IN SECOND QUARTER 28

20

28

44

2018

2019

2020

2021

AVER AGE SALE PRICE IN SECOND QUARTER 2018

557,633

2019

552,475

2020

690,267

2021

889,479

AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER $228

$220

2018

2019

$257

2020

$375

2021

AVERAGE DAYS ON MARKET FOR SALES IN SECOND QUARTER

`140

130

137

110

2018

2019

2020

2021


Q2 Market Update

NEW CASTLE

// New Castle //

One of the newest, most rapidly-growing home developments on the Western Slope. Outdoor adventures, great food and wine, festivals, and community events are some of the top draws.

NUMBER OF CLOSINGS IN SECOND QUARTER 52

53

30

42

2018

2019

2020

2021

AVER AGE SALE PRICE IN SECOND QUARTER 2018

352,000

2019

380,609

2020

357,163

2021

466,645

AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER $199

$209

$226

$257

2018

2019

2020

2021

AVERAGE DAYS ON MARKET FOR SALES IN SECOND QUARTER

96

90

114

62

2018

2019

2020

2021


Q2 Market Update

RIFLE & SILT

// Rifle & Silt //

Resting along the Colorado River, Rifle and Silt are the bridges to roughly 2.3 million acres of White River National Forest. Recreational activities abound, along with great camping for the true outdoor enthusiast. NUMBER OF CLOSINGS IN SECOND QUARTER 100

113

87

111

2018

2019

2020

2021

AVER AGE SALE PRICE IN SECOND QUARTER 2018

285,920

2019

331,425

2020

338,541

2021

382,151

AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER

$165

2018

$176

2019

$186

$222

2020

2021

AVERAGE DAYS ON MARKET FOR SALES IN SECOND QUARTER

86

94

97

85

2018

2019

2020

2021


LUXURY

REAL ESTATE

SINCE 1977

All reports are published June and July 2021 based on data available at the end of June 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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