The Slifer Report RFV - Q2 2022

Page 1

THE SLIFER REPORT Q2 20 22 ROARING FORK VALLEY| Quarter 1& 2 Real Estate Market Review


CO N TEN TS MA RKET O V ERV IEW

#3

L UX URY O V ERV IEW

#4

L A N D O V ERV IEW

$5

A SPEN

#6

SN O W MA SS V IL L A GE

#7

B A SA L T

#8

CA RB O N D A L E

#9

GL EN W O O D SPRIN GS

# 10

N EW CA STL E

# 11

N O TA B L E SA L ES

# 12

N EW D EV EL O PMEN TS

# 13

The Slifer Rep ort | Q 1&2 20 22 RFV | 2


MA RKET OVERVIEW TRA N SA CTIO N V O L UME CO MPA RISO N

SA L ES V O L UME CO MPA RISO N

* Dat a is gat hered from Land and Resident ial sales from 1.1 t hrough 6.30 of each year.

Slifer Sm it h & Fram p t on Real Est at e | 3


LUXURY OVERVIEW TRA N SA CTIO N V O L UME CO MPA RISO N

SA L ES V O L UME CO MPA RISO N

* Dat a is gat hered from Resident ial sales of $4m + from 1.1 t hrough 6.30 of each year.

The Slifer Rep ort | Q 1&2 20 22 RFV | 4


LA ND OVERVIEW TRA N SA CTIO N V O L UME CO MPA RISO N

SA L ES V O L UME CO MPA RISO N

* Dat a is gat hered from Land sales from 1.1 t hrough 6.30 of each year.

Slifer Sm it h & Fram p t on Real Est at e | 5


A SPEN SIN GL E FA MIL Y

Ahighlights REA

49% increase in average sales price for single family homes from 2021

SA LES VOLUME

NO. OF SA LES

AVG. DAYS ON MA RKET

AVG. SA LE

MEDIA N SA LE

20 18

$24 1,653,70 7

34

260

$7,10 7,4 62

$5,237,50 0

20 19

$356,90 6,850

45

351

$7,931,263

$6,10 0 ,0 0 0

20 20

$20 3,271,4 68

22

321

$9,239,612

$7,0 4 1,666

20 21

$84 4 ,50 4 ,60 1

64

30 3

$13,195,384

$9,837,50 0

20 22

$827,736,90 9

42

187

$19,70 8,0 22

$14 ,4 0 0 ,0 0 0

CO N D O MIN IUM & TO W N HO ME

94% increase in average sales price for condos & t ownhomes from 2021

SA LES VOLUME

NO. OF SA LES

AVG. DAYS ON MA RKET

AVG. SA LE

MEDIA N SA LE

20 18

$20 0 ,778,354

67

30 0

$2,996,692

$1,675,0 0 0

20 19

$163,80 4 ,94 0

74

211

$2,213,580

$1,84 8,750

20 20

$176,129,131

40

353

$4 ,4 0 3,228

$2,162,50 0

20 21

$256,162,816

10 7

173

$2,394 ,0 4 5

$1,750 ,0 0 0

20 22

$30 7,0 15,999

66

88

$4 ,651,758

$2,950 ,0 0 0

A V ERA GE PRICE PER SQ UA RE FO O T Single Family

Condominium & Townhome

20 18

20 19

20 20

20 21

20 22

20 18

20 19

20 20

20 21

20 22

$1,631

$1,4 34

$1,535

$2,110

$3,176

$1,4 59

$1,565

$1,977

$1,80 0

$2,817

SA L E V S. L IST PRICE CO MPA RISO N Single Family A VG. SA LE/ LA ST LISTED PRICE

Condominium & Townhome 97%

A VG. SA LE/ LA ST LISTED PRICE

* Dat a is gat hered from Resident ial sales in A spen from 1.1 t hrough 6.30 of each year.

Slifer Sm it h & Fram p t on Real Est at e | 6

98%


SNOW MA SS VILLA GE SIN GL E FA MIL Y SA LES VOLUME

NO. OF SA LES

A VG. DA YS ON MA RKET

A VG. SA LE

MEDIA N SA LE

20 18

$73,569,677

24

293

$3,0 65,4 0 3

$2,4 52,50 0

20 19

$84 ,260 ,60 0

20

323

$4 ,213,0 30

$3,231,250

20 20

$22,239,0 0 0

7

167

$3,177,0 0 0

$2,375,0 0 0

20 21

$185,771,50 0

34

24 1

$5,4 63,868

$5,265,0 0 0

20 22

$191,74 7,114

27

189

$7,10 1,74 5

$6,0 0 0 ,0 0 0

CO N D O MIN IUM & TO W N HO ME

Ahighlights REA

30 % increase in average sales price for single family homes from 2021

58%

SA LES VOLUME

NO. OF SA LES

AVG. DAYS ON MA RKET

AVG. SA LE

MEDIA N SA LE

20 18

$4 6,0 87,70 0

69

159

$667,938

$4 70 ,0 0 0

20 19

$68,676,4 0 0

65

235

$1,0 56,560

$697,50 0

20 20

$65,361,954

51

319

$1,281,60 7

$834 ,954

20 21

$167,350 ,112

130

172

$1,287,30 9

$80 5,0 0 0

20 22

$125,723,90 0

62

92

$2,0 27,80 5

$1,525,0 0 0

increase in average sales price for condos & t ownhomes from 2021

A V ERA GE PRICE PER SQ UA RE FO O T Single Family

Condominium & Townhome

20 18

20 19

20 20

20 21

20 22

20 18

20 19

20 20

20 21

20 22

$762

$930

$824

$1,24 1

$1,587

$624

$80 2

$830

$894

$1,4 95

SA L E V S. L IST PRICE CO MPA RISO N Single Family A VG. SA LE/ LA ST LISTED PRICE

Condominium & Townhome 96%

A VG. SA LE/ LA ST LISTED PRICE

99 %

* Dat a is gat hered from Resident ial sales in Snow m ass Village from 1.1 t hrough 6.30 of each year.

The Slifer Rep ort | Q 1&2 20 22 RFV| 7


BA SA LT SIN GL E FA MIL Y

Ahighlights REA

4 7% decrease in sales volume for single family homes from 2021

SA LES VOLUME

NO. OF SA LES

AVG. DAYS ON MA RKET

AVG. SA LE

MEDIA N SA LE

20 18

$38,64 3,0 0 9

32

250

$1,20 7,594

$84 4 ,50 0

20 19

$39,0 61,529

36

177

$1,0 85,0 4 2

$84 0 ,750

20 20

$4 0 ,74 3,0 0 0

33

210

$1,234 ,636

$820 ,0 0 0

20 21

$64 ,673,50 0

39

187

$1,658,295

$1,270 ,0 0 0

20 22

$34 ,513,0 0 0

23

112

$1,50 0 ,565

$1,250 ,0 0 0

CO N D O MIN IUM & TO W N HO ME

96% increase in sales volume for condos & t ownhomes from 2021

SA LES VOLUME

NO. OF SA LES

AVG. DAYS ON MA RKET

AVG. SA LE

MEDIA N SA LE

20 18

$22,677,630

38

173

$596,780

$520 ,0 0 0

20 19

$20 ,676,250

32

164

$64 6,133

$565,625

20 20

$24 ,0 62,175

33

192

$729,157

$54 7,0 0 0

20 21

$27,931,80 0

39

97

$716,20 0

64 0 ,0 0 0

20 22

$54 ,671,50 0

50

14 3

$1,0 93,4 30

$962,0 0 0

A V ERA GE PRICE PER SQ UA RE FO O T Single Family

Condominium & Townhome

20 18

20 19

20 20

20 21

20 22

20 18

20 19

20 20

20 21

20 22

$4 4 9

$4 0 4

$4 99

$4 78

$587

$4 4 5

$4 31

$4 60

$4 82

$719

SA L E V S. L IST PRICE CO MPA RISO N Single Family A VG. SA LE/ LA ST LISTED PRICE

Condominium & Townhome 10 1%

A VG. SA LE/ LA ST LISTED PRICE

* Dat a is gat hered from Resident ial sales in Basalt from 1.1 t hrough 6.30 of each year.

Slifer Sm it h & Fram p t on Real Est at e | 8

10 1%


CA RBONDA LE SIN GL E FA MIL Y SA LES VOLUME

NO. OF SA LES

AVG. DAYS ON MA RKET

AVG. SA LE

MEDIA N SA LE

20 18

$4 3,859,0 0 0

50

154

$877,180

$80 7,0 0 0

20 19

$4 2,915,250

44

196

$975,34 7

$798,250

20 20

$52,776,590

48

20 4

$1,0 99,512

$1,14 1,750

20 21

$81,117,0 75

52

99

$1,559,94 4

$1,50 0 ,0 0 0

20 22

$61,936,366

32

154

$1,935,511

$2,0 22,933

CO N D O MIN IUM & TO W N HO ME

Ahighlights REA

24 % increase in average sales price for single family homes from 2021

5 2%

SA LES VOLUME

NO. OF SA LES

AVG. DAYS ON MA RKET

AVG. SA LE

MEDIA N SA LE

20 18

$15,294 ,80 7

30

14 3

$50 9,827

$4 60 ,0 0 0

20 19

$16,0 0 4 ,30 0

29

134

$551,872

$4 65,0 0 0

20 20

$16,798,527

29

14 9

$579,260

$4 66,0 0 0

20 21

$25,885,852

43

164

$60 1,997

$570 ,0 0 0

20 22

$21,913,10 9

24

275

$913,0 4 6

$880 ,50 0

increase in average sales price for condos & t ownhomes from 2021

A V ERA GE PRICE PER SQ UA RE FO O T Single Family

Condominium & Townhome

20 18

20 19

20 20

20 21

20 22

20 18

20 19

20 20

20 21

20 22

$30 3

$30 9

$337

$4 53

$610

$30 4

$30 7

$323

$4 0 1

$4 87

SA L E V S. L IST PRICE CO MPA RISO N Single Family A VG. SA LE/ LA ST LISTED PRICE

Condominium & Townhome 98%

A VG. SA LE/ LA ST LISTED PRICE

99 %

* Dat a is gat hered from Resident ial sales in Carbondale from 1.1 t hrough 6.30 of each year.

The Slifer Rep ort | Q 1&2 20 22 RFV | 9


GLENW OOD SPRINGS SIN GL E FA MIL Y

Ahighlights REA

14 % increase in average sales price for single family homes from 2021

SA LES VOLUME

NO. OF SA LES

AVG. DAYS ON MA RKET

AVG. SA LE

MEDIA N SA LE

20 18

$4 6,856,4 0 0

80

122

$585,70 5

$530 ,0 0 0

20 19

$4 0 ,120 ,290

66

127

$60 7,883

$572,0 0 0

20 20

$50 ,219,4 50

78

120

$64 3,839

$627,50 0

20 21

$83,352,0 73

10 4

94

$80 1,4 62

$728,50 0

20 22

$75,20 1,254

82

90

$917,0 88

$822,874

CO N D O MIN IUM & TO W N HO ME

58% increase in sales volume for condos & t ownhomes from 2021

SA LES VOLUME

NO. OF SA LES

AVG. DAYS ON MA RKET

AVG. SA LE

MEDIA N SA LE

20 18

$11,269,90 0

37

75

$30 4 ,592

$312,0 0 0

20 19

$14 ,688,0 0 0

47

114

$312,511

$329,0 0 0

20 20

$9,889,30 0

30

88

$329,64 3

$331,0 0 0

20 21

$14 ,356,90 0

38

58

$377,813

$382,50 0

20 22

$22,660 ,620

45

116

$50 3,569

$510 ,0 0 0

A V ERA GE PRICE PER SQ UA RE FO O T Single Family

Condominium & Townhome

20 18

20 19

20 20

20 21

20 22

20 18

20 19

20 20

20 21

20 22

$24 7

$24 7

$24 9

$319

$396

$223

$252

$250

$295

$351

SA L E V S. L IST PRICE CO MPA RISO N Single Family A VG. SA LE/ LA ST LISTED PRICE

Condominium & Townhome 99%

A VG. SA LE/ LA ST LISTED PRICE

* Dat a is gat hered from Resident ial sales in Glenwood Springs from 1.1 t hrough 6.30 of each year.

Slifer Sm it h & Fram p t on Real Est at e | 10

10 0 %


NEW CA STLE SIN GL E FA MIL Y SA LES VOLUME

NO. OF SA LES

AVG. DAYS ON MA RKET

AVG. SA LE

MEDIA N SA LE

20 18

$19,726,372

47

10 6

$4 19,710

$399,0 0 0

20 19

$20 ,594 ,0 0 0

47

110

$4 38,170

$395,0 0 0

20 20

$14 ,986,90 0

36

123

$4 16,30 3

$4 0 9,0 0 0

20 21

$28,0 55,336

52

79

$539,526

$50 7,50 0

20 22

$24 ,388,4 70

37

84

$659,14 8

$64 9,0 0 0

CO N D O MIN IUM & TO W N HO ME

Ahighlights REA

22% increase in average sales price for single family homes from 2021

17%

SA LES VOLUME

NO. OF SA LES

AVG. DAYS ON MA RKET

AVG. SA LE

MEDIA N SA LE

20 18

$7,939,910

30

10 8

$264 ,664

$280 ,0 0 0

20 19

$10 ,14 9,30 0

34

93

$298,50 9

$312,0 0 0

20 20

$5,936,0 0 0

20

10 0

$296,80 0

$312,250

20 21

$9,4 59,60 0

29

54

$326,193

$299,0 0 0

20 22

$11,0 37,590

29

42

$380 ,60 7

$34 9,0 0 0

increase in sales volume for condos & t ownhomes from 2021

A V ERA GE PRICE PER SQ UA RE FO O T Single Family

Condominium & Townhome

20 18

20 19

20 20

20 21

20 22

20 18

20 19

20 20

20 21

20 22

$20 6

$20 7

$231

$251

$315

$188

$210

$20 8

$250

$290

SA L E V S. L IST PRICE CO MPA RISO N Single Family A VG. SA LE/ LA ST LISTED PRICE

Condominium & Townhome 10 0 %

A VG. SA LE/ LA ST LISTED PRICE

10 2%

* Dat a is gat hered from Resident ial sales in New Cast le from 1.1 t hrough 6.30 of each year.

The Slifer Rep ort | Q 1&2 20 22 RFV | 11


NOTA BLE SA LES January - June 2022 in the Roaring Fork Valley

Aspen | $19,550,000 711Willoughby Way

Basalt | $1,325,000

Represented the Seller

231Robinson St. #312 Represented the Buyer & Seller

Aspen | $51,000,000 45081& 45101CO 82 Represented the Buyer

Glenwood Springs | $1,350,000 3310 Hager Lane Represented the Seller

Aspen | $60,000,000 1011Ute Avenue Represented the Seller

Aspen | $20,000,000 717 S Aspen St. B Represented the Buyer & Seller

Slifer Sm it h & Fram p t on Real Est at e | 12


NEW DEVELOPMENT $

380

6 13 M

4

Homes sold in Q1&2

Q1&2 pending and closed sales volume

New development project s launched by our t eam in Q1&2

AREA

CLOSED VOLUME

CONTRACTS CLOSED

PENDING VOLUME

PENDING CONTRACTS

TOTAL VOLUME

TOTAL CONTRACTS

Ro aring Fo rk Valley

$2,299,80 6

6

$154 ,915,362

78

$157,215,168

84

Sum m it Co unt y

$27,50 0 ,0 0 0

33

$126,316,50 0

135

$153,816,50 0

168

Eag le Co unt y

$7,950 ,0 0 0

2

$280 ,4 99,656

10 1

$288,4 4 9,656

10 3

Denver

-

-

$13,992,50 0

25

$13,992,50 0

25

To t al

$37,74 9,80 6

41

$575,724 ,80 6

339

$613,4 73,824

380

* Contracts include 1and 2 sided transactions

NEW DEVELOPMENT SPOTLIGHT

AURA | Snowmass A Snowmass place of mind. 21exquisite slope-side residences in Snowmass.

AuraSnowmass.com

We are proud to be the only brokerage in Colorado with a full division dedicated to bringing new developments to market. Our end-to-end service has continued to deliver in 2022, creating more new homes in our communities than ever before. To learn more, visit SliferDevelopment Sales.com >>>

The Slifer Rep ort | Q 1&2 20 22 RFV | 13


STA Y UP TO DA TE A LL YEA R LONG Our team of market experts updates The Slifer Report every quarter. To see the latest numbers and dive even deeper into the report visit:

AspenRealEstate.com/Slifer-Report


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