2 0 2 1 U P -VA L L E Y
MARKET REPORT
QUARTER TWO
QUARTER TWO
MARKET PERFORMANCE
U P -VA L L E Y No other mountain towns in the world offer lifestyles that Aspen and Snowmass Village are so famous for. The great outdoors are 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 rich history within these towns 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.
Q2 Market Update
// Single Family Homes //
ASPEN DOWNTOWN CORE
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 Avenuestyle shopping, fine dining, entertainment, art galleries, nightlife, and several city parks while being just steps away from the Aspen Mountain Gondola. NUMBER OF CLOSINGS IN SECOND QUARTER 3
1
1
3
2018
2019
2020
2021
AVER AGE SALE PRICE IN SECOND QUARTER 2018
13,348,666
2019
2,300,000
2020
11,000,000
2021
17,070,000
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER $2,604
2018
$2,969 $2,,139
$1,964
2019
2020
2021
AVERAGE DAYS ON MARKET FOR SALES IN SECOND QUARTER
412
718
194
564
2018
2019
2020
2021
Q2 Market Update
ASPEN DOWNTOWN CORE
// Studios & One Bedroom Condos //
If you’re looking for convenience and close proximity to downtown, with a cozy place to sleep, a studio or one-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 SECOND QUARTER
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7
7
4
16
2018
2019
2020
2021
AVER AGE SALE PRICE IN SECOND QUARTER 2018
788,928
2019
816,571
2020
937,500
2021
1,208,906
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER
$1,527
2018
$2,042
$1,855 $1,211
2019
2020
2021
AVERAGE DAYS ON MARKET FOR SALES IN SECOND QUARTER
157
195
104
179
2018
2019
2020
2021
Q2 Market Update
ASPEN DOWNTOWN CORE
// Two Bedroom Condos //
Do you dream of the ease of living offered by a two-bedroom luxury condo? Investing in a two-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 SECOND QUARTER 7
14
4
16
2018
2019
2020
2021
AVER AGE SALE PRICE IN SECOND QUARTER 2018
1,635,833
2019
1,644,678
2020
1,620,000 2,108,351 1,608,750
2021
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER
$1,658
$1,641
2019
2020
$1,855
$933
2018
2021
AVERAGE DAYS ON MARKET FOR SALES IN SECOND QUARTER
132
208
418
146
2018
2019
2020
2021
Q2 Market Update
ASPEN DOWNTOWN CORE
// Three + Bedroom Condos //
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 SECOND QUARTER 12
8
14
2
2018
2019
2020
2021
AVER AGE SALE PRICE IN SECOND QUARTER 2018
6,965,633
2019
3,329,062
2020
8,418,750
2021
3,122,500
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER $3, 521 $1 ,871
2018
$2,065
2019
2020
$2,605
2021
AVERAGE DAYS ON MARKET FOR SALES IN SECOND QUARTER
516
199
452
79
2018
2019
2020
2021
Q2 Market Update
// Red Mountain //
RED MOUNTAIN
One of Aspen's most prominent areas filled with luxury homes is Red Mountain. With direct views of Aspen Mountain, it's known for its high-end real estate, exquisite large homes, and scenic views of downtown Aspen and surrounding areas. NUMBER OF CLOSINGS IN SECOND QUARTER 2
2
2018
2019
1
2020
8
2021
AVER AGE SALE PRICE IN SECOND QUARTER 2018
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2019
10,118,750
2020
6,500,000
2021
25,025,000
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER $3,045
$2,731 $2,037 $1,341
2018
2019
2020
2021
AVERAGE DAYS ON MARKET FOR SALES IN SECOND QUARTER
35
321
115
305
2018
2019
2020
2021
Q2 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.
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4
2
6
2018
2019
2020
2021
AVER AGE SALE PRICE IN SECOND QUARTER 2018
3,022,500
2019
3,992,500
2020
8,600,000
2021
7,207,500
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER $1,954
$1,2 5 5
$1,181
$1,075
2018
2019
2020
2021
AVERAGE DAYS ON MARKET FOR SALES IN SECOND QUARTER
202
290
211
208
2018
2019
2020
2021
Q2 Market Update
SMUGGLER
// Smuggler //
Known as “Aspen’s Backyard,” Smuggler is a 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 SECOND QUARTER 5
6
2
10
2018
2019
2020
2021
AVER AGE SALE PRICE IN SECOND QUARTER 2018
2,684,000
2019
5,345,000
2020
7,662,500
2021
2,327,650
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER $1,042
2018
$880
2019
$1,182
2020
$1,132
2021
AVERAGE DAYS ON MARKET FOR SALES IN SECOND QUARTER
154
462
147
256
2018
2019
2020
2021
Q2 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 SECOND QUARTER 10
4
3
9
2018
2019
2020
2021
AVER AGE SALE PRICE IN SECOND QUARTER 2018
5,241,000
2019
9,825,000
2020
7,662,500
2021
7,683,333
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER
$1,844
2018
$2,487
2019
$2.079
$2,183
2020
2021
AVERAGE DAYS ON MARKET FOR SALES IN SECOND QUARTER
254
422
400
247
2018
2019
2020
2021
Q2 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 SECOND QUARTER 2
2
1
2018
2019
2020
5
2021
AVER AGE SALE PRICE IN QUARTER IN SECOND QUARTER 2018
3,100,000
2019
3,650,000
2020
4,500,000
2021
6,427,229
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER $1,823 $1,215
$1,020
$1,068
2018
2019
2020
2021
AVERAGE DAYS ON MARKET FOR SALES IN SECOND QUARTER
433
465
920
84
2018
2019
2020
2021
Q2 Market Update
WEST ASPEN
// West Aspen (Buttermilk & Highlands) // Not only is Buttermilk home to the famous Winter X Games, it is an ideal area for family skiing, delicious cuisine, views of pyramid peak and summer wildflowers.
NUMBER OF CLOSINGS IN SECOND QUARTER 7
8
1
15
2018
2019
2020
2021
AVER AGE SALE PRICE IN SECOND QUARTER 2018
3,030,428
2019
13,401,168
2020
21,500,000 2,108,351 12,471,133
2021
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER
$838
2018
$1,574
2019
$2,146
2020
$1,712
2021
AVERAGE DAYS ON MARKET FOR SALES IN SECOND QUARTER
269
379
218
211
2018
2019
2020
2021
Q2 Market Update
MCLAIN FLATS & STARWOOD
// McLain Flats & Starwood //
For those who seek wide-open ranchlands with big mountain views, this area is just ten minutes from Aspen. Here, you will find spacious estates where privacy abounds. Horse ranches, agriculture and farms are plenty in this area. NUMBER OF CLOSINGS IN SECOND QUARTER 1
2018
1
2019
1
2020
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2021
AVER AGE SALE PRICE IN SECOND QUARTER 2018
4,775,000
2019
4,400,000
2020
3,400,000
2021
3,930,000
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER $1,239 $830
2018
$765
2019
2020
$946
2021
AVERAGE DAYS ON MARKET FOR SALES IN SECOND QUARTER
1119
382
133
220
2018
2019
2020
2021
Q2 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 SECOND QUARTER 3
7
1
5
2018
2019
2020
2021
AVER AGE SALE PRICE IN SECOND QUARTER 2018
1,424,666
2019
1,135,571
2020
1,900,000
2021
11,611,000
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER $1,172
$1,074
2018
$470
$485
2019
2020
2021
AVERAGE DAYS ON MARKET FOR SALES IN SECOND QUARTER
239
376
376
225
2018
2019
2020
2021
Q2 Market Update
// Single - Family Homes //
SNOWMASS VILLAGE
Snowmass offers ideal skiing, but with over more than 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 week during the summer months. NUMBER OF CLOSINGS IN SECOND QUARTER 15
13
2
23
2018
2019
2020
2021
AVER AGE SALE PRICE IN SECOND QUARTER 2018
3,342,633
2019
3,105,238
2020
2,728,500
2021
5,913,760
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER $1,297
$810
$798
$756
2018
2019
2020
2021
AVERAGE DAYS ON MARKET FOR SALES IN SECOND QUARTER
272
402
105
220
2018
2019
2020
2021
Q2 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 SECOND QUARTER 1
1
2
69
2018
2019
2020
2021
AVER AGE SALE PRICE IN SECOND QUARTER 2018
950,000
2019
2,600,000
2020
1,675,000
2021
1,225,547
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER $960 $733
$890
$432
2018
2019
2020
2021
AVERAGE DAYS ON MARKET FOR SALES IN SECOND QUARTER
108
210
285
183
2018
2019
2020
2021
Q2 Market Update
SNOWMASS VILLAGE
// Two Bedroom Condos //
Enjoy this year-round area while living in a convenient two-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 SECOND QUARTER 8
10
6
23
2018
2019
2020
2021
AVER AGE SALE PRICE IN SECOND QUARTER 2018
615,525
2019
895,500
2020
701,666
2021
777,423
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER $849 $625
2018
2019
$706
$738
2020
2021
AVERAGE DAYS ON MARKET FOR SALES IN SECOND QUARTER
848 219
271
258
223
2018
2019
2020
2021
Q2 Market Update
SNOWMASS VILLAGE
// Three + 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 SECOND QUARTER 3
11
1
22
2018
2019
2020
2021
AVER AGE SALE PRICE IN SECOND QUARTER 2018
768,333
2019
1,371,809
2020
800,000
2021
2,484,318
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER $1,146
$804 $585
2018
$526
2019
2020
2021
AVERAGE DAYS ON MARKET FOR SALES IN SECOND QUARTER
286
232
284
178
2018
2019
2020
2021
Q2 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 SECOND QUARTER 6
7
5
9
2018
2019
2020
2021
AVER AGE SALE PRICE IN SECOND QUARTER 2018
952,250
2019
5,302,802
2020
1,579,000
2021
3,764,444
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER NA
NA
NA
NA
2018
2019
2020
2021
AVERAGE DAYS ON MARKET FOR SALES IN SECOND QUARTER
308
494
382
340
2018
2019
2020
2021
Q2 Market Update
SNOWMASS VILLAGE LAND
// Snowmass Village Land //
For those who desire to build their dream. A big mountain lifestyle along with the nearly unlimited recreational and cultural activities, make it a place where a variety of architectural styles can paint the majestic backdrop. NUMBER OF CLOSINGS IN SECOND QUARTER NA
1
1
2
2018
2019
2020
2021
AVER AGE SALE PRICE IN SECOND QUARTER 2018
NA
2019
943,334
2020
4,900,000
2021
4,675,000
AVERAGE PRICE PER SQUARE FOOT IN SECOND QUARTER NA
NA
NA
NA
2018
2019
2020
2021
AVERAGE DAYS ON MARKET FOR SALES IN SECOND QUARTER
NA
133
109
3535
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.