THE SLIFER REPORT Roaring Fork Valley Real Estate 2020 Annual Market Review
2 0 2 0 | R OA R I N G F O R K VA L L E Y, C O L O R A D O
TA B L E O F CO N T E N T S Reflecting Back on 2020........................................... 3 2020 Roaring Fork Valley Overview.................... 4 2020 Land Overview................................................... 5
EAST
>>>
WEST
Aspen................................................................................... 6 Snowmass.......................................................................... 7 Basalt................................................................................... 8 Carbondale....................................................................... 9 Glenwood Springs....................................................... 10 New Castle........................................................................ 11 >>>
Local Company, Global Reach............................... 12 Our Support, Your Success.....................................13 SSF Colorado Map.................................................14-15
REFLECTING BACK EMERGING BUYER AND SELLER TRENDS AS OUR COUNTRY RECOVERS
REAL ESTATE 2020 The Roaring Fork Valley has become the natural fit for many longing for a life in the mountains.
clients so communications could all be handled virtually. More and more, buyers and sellers want to handle transactions this way – via email, video chat and virtual showings. Open houses, and even private showings, have occupancy caps, as well as hand sanitizer and mask requirements. We know the desire for in-person showings isn’t going anywhere but we’re equipped virtually whenever needed.
Since March, the coronavirus pandemic has changed nearly everything about our way of life. No surprise, it’s also changed the real estate industry. What buyers are looking for in a home and what sellers are expecting when they put their house on the market is quite different than it was a year ago. In the Colorado mountains, we’ve seen an influx of people looking for an escape. Now that many can work from anywhere, buyers are leaving their metropolitan lifestyles for mountain town living, a place where they can spend time outdoors and meet their needs a little closer to home. They’re looking for home offices and turning to technology more than ever before to feel safe, comfortable, and entertained.
SSF continued our growth throughout the year, hiring 24 new brokers and 17 new staff members company-wide. We created a New Development Sales Division that proved successful with its 14 active developments and the acquisition of the largest ski resort development in North America. Our Roaring Fork Valley brokers increased SSF’s market share in the first full year since joining in 2019. The communities we do business in mean the world to us and we’re grateful to have been able to give $287K to meaningful organizations through our charitable foundations. We’ve expanded into Denver, connecting our clients from DIA to Aspen.
Buyer demand from the Front Range and out-of-state has led to record sales. Compared to last year, sales volume in Roaring Fork Valley is up by 105%. As a company, we shattered all sales records in our 60-year history, while adapting to working remotely and providing service in new ways. For the first time, SSF reached $3.6 billion in sales.
Rounding the year out, Slifer Smith & Frampton announced a new partnership with Forbes Global Properties, becoming a partial owner in this brand new and exclusive real estate marketplace. This designation allows us to leverage our ability to connect with the world’s finest homes, the brokers that represent them, and high net worth clients. We are beyond excited to be joining an exceptional global brand, extending an elevated reputation and unsurpassed quality to our brokers and clients alike.
How we work with each other and with our clients has changed as well. In March, as offices were shutting down across the country, SSF acted fast. Our teams collaborated to ramp up training and development programs, and to keep each other engaged and informed. We set up a remote infrastructure for our employees and
COMPARED TO LAST YEAR, SALES VOLUME IN ROARING FORK VALLEY IS UP 105% . ACROSS ALL DIVISIONS, SSFRE REACHED $3.6B IN SALES, SHATTERING EVERY SALES RECORD IN OUR 60 YEAR HISTORY. — Source: Aspen/ Glenwood MLS 2020
Source of all data contained in this report is the AGS Association of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2021 Slifer Smith & Frampton Real Estate
2 0 2 0 A N N UA L S L I F E R R E P O R T
3
2020 ROARING FORK VALLEY OVERVIEW TRANSACTION VOLUME COMPARISON 2,000
NO. OF TRANSACTIONS
1,800 1,600 1,400 1,200 1,000 800 600 400 200 0
1,196
1,310
1,365
1,362
1,812
2016
2017
2018
2019
2020
SALES VOLUME COMPARISON $4.5B $4B $3.5B $3B $2.5B $2B
1,959,237,343
4,007,984,820
0
1,823,572,705
$0.5B
$1,958,319,874
$1B
1,356,183,455
$1.5B
2016
2017
2018
2019
2020
Source of all data contained in this report is the AGS Association of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer is Smith & Frampton Broker for more information. Smith & Frampton Real Estate-ear. *Data gathered from and and esidential sales ©2021 fromSlifer 1.1 through 12.31 of each
2 02020 2 0 A N NSLIFER UA L S L I F E R REPORT REPORT
4
2020 LAND OVERVIEW TRANSACTION VOLUME COMPARISON 300
NO. OF TRANSACTIONS
280
250 200 180
150
151
151
2016
2017
174
100 50 0 2018
2019
2020
SALES VOLUME COMPARISON $200M $180M $160M $140M $120M $100M $80M
124,300,299
198,947,212
0
190,022,754
$20M
112,589,401
$40M
110,038,262
$60M
2016
2017
2018
2019
2020
Source of all data contained in this report is the AGS Association of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. *Data gathered s from and sales from 1.1 through 12.31 of each -ear. Consult your Slifer Smith & Frampton Broker for more information. ©2021 Slifer Smith & Frampton Real Estate
2 02020 2 0 A N NSLIFER UA L S L I F EREPORT R REPORT
5
ASPEN SINGLE-FAMILY SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
2016
354,501,425
55
274
6,445,480
5,065,000
2017
798,056,371
100
351
7,980,564
6,300,000
2018
494,323,752
75
294
6,590,983
5,425,000
2019
675,447,609
89
303
7,589,299
6,000,000
2020
1,791,627,218
161
313
11,128,119
9,250,000
CONDOMINIUM/TOWNHOME SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
2016
268,365,402
134
250
2,002,727
1,279,000
2017
393,564,358
175
232
2,248,939
1,550,000
2018
376,112,104
141
289
2,667,462
1,580,000
2019
331,464,341
141
237
2,350,811
1,822,500
2020
691,603,182
185
252
3,738,396
2,625,000
PRICE PER SQUARE FOOT COMPARISON CONDOMINIUM/TOWNHOME
SINGLE-FAMILY AVG
2016
2017
2018
2019
2020
$1,368
$1,599
$1,463
$1,481
$1,839
AVG
2016
2017
2018
2019
2020
$1,231
$1,370
$1,520
$1,573
$1,899
SALE PRICE VS LIST PRICE COMPARISON SINGLE-FAMILY AVG OF SALE PRICE/LAST LISTED PRICE
CONDOMINIUM/TOWNHOME
92% AVG OF SALE PRICE/LAST LISTED PRICE
95%
Source of all data contained in this report is the AGS Association of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2021 Slifer Smith & Frampton Real Estate
*Data gathered is from esidential sales from 1.1 through 12.31 of each 'ear. 2 0 2 0 A N N UA L S L I F E R R E P O R T
2020 SLIFER REPORT 6
SNOWMASS VILLAGE SINGLE-FAMILY SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
2016
149,695,500
38
336
3,939,355
3,305,000
2017
142,134,000
43
327
3,305,442
2,550,000
2018
134,474,266
43
302
3,127,309
2,600,000
2019
197,562,570
49
383
4,031,889
3,595,000
2020
299,395,787
69
252
4,339,069
3,660,000
CONDOMINIUM/TOWNHOME SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
2016
80,608,675
88
368
916,008
666,250
2017
96,756,992
105
377
921,495
628,000
2018
135,578,829
156
239
869,095
600,750
2019
139,538,009
128
271
1,090,141
765,000
2020
277,619,204
197
237
1,409,235
885,000
PRICE PER SQUARE FOOT COMPARISON SINGLE-FAMILY AVG
2016
2017
2018
2019
2020
$881
$776
$759
$911
$977
CONDOMINIUM/TOWNHOME AVG
2016
2017
2018
2019
2020
$635
$634
$689
$791
$844
SALE PRICE VS LIST PRICE COMPARISON SINGLE-FAMILY AVG OF SALE PRICE/LAST LISTED PRICE
94%
CONDOMINIUM/TOWNHOME AVG OF SALE PRICE/LAST LISTED PRICE
96%
Source of all data contained in this report is the AGS Association of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult yourgathered Slifer Smith & Broker for more information. Slifer Smith & Frampton Real ear. Estate *Data isFrampton from esidential sales from©2021 1.1 through 12.31 of each
2 0 2 0 A N N UA L S L I F E R R E P O R T
2020 SLIFER REPORT 7
BASALT SINGLE-FAMILY SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
2016
73,177,572
81
195
903,427
680,000
2017
72,746,519
77
193
944,760
730,000
2018
101,557,669
81
223
1,253,798
840,000
2019
89,800,209
78
158
1,151,285
917,500
2020
130,757,993
97
180
1,348,021
890,000
CONDOMINIUM/TOWNHOME SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
2016
52,489,073
93
201
564,399
470,000
2017
48,611,703
90
166
540,130
488,500
2018
44,009,815
76
173
579,077
520,000
2019
57,548,772
89
189
646,615
566,250
2020
95,570,692
117
173
816,844
695,000
PRICE PER SQUARE FOOT COMPARISON SINGLE-FAMILY AVG
2016
2017
2018
2019
2020
$319
$355
$452
$415
$494
CONDOMINIUM/TOWNHOME AVG
2016
2017
2018
2019
2020
$371
$380
$433
$434
$709
SALE PRICE VS LIST PRICE COMPARISON SINGLE-FAMILY AVG OF SALE PRICE/LAST LISTED PRICE
96%
CONDOMINIUM/TOWNHOME AVG OF SALE PRICE/LAST LISTED PRICE
98%
Source of all data contained in this report is the AGS Association of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2021 Slifer Smith & Frampton Real Estate
*Data gathered is from esidential sales from 1.1 through 12.31 of each 'ear. 2 0 2 0 A N N UA L S L I F E R R E P O R T
2020 SLIFER REPORT 8
CARBONDALE SINGLE-FAMILY SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
2016
72,994,782
87
188
839,020
739,000
2017
76,316,600
94
164
811,879
696,500
2018
93,269,393
103
170
905,528
825,000
2019
104,525,900
101
186
1,034,910
850,000
2020
181,516,565
140
156
1,296,547
1,157,500
CONDOMINIUM/TOWNHOME SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
2016
24,998,753
62
133
403,206
361,350
2017
31,317,215
68
175
460,547
415,000
2018
31,234,307
61
151
512,038
465,000
2019
41,936,276
73
112
574,470
485,000
2020
44,332,009
73
157
607,288
520,000
PRICE PER SQUARE FOOT COMPARISON SINGLE-FAMILY AVG
2016
2017
2018
2019
2020
$287
$284
$308
$322
$382
CONDOMINIUM/TOWNHOME AVG
2016
2017
2018
2019
2020
$266
$275
$300
$317
$339
SALE PRICE VS LIST PRICE COMPARISON SINGLE-FAMILY AVG OF SALE PRICE/LAST LISTED PRICE
CONDOMINIUM/TOWNHOME
97%
AVG OF SALE PRICE/LAST LISTED PRICE
99%
Source of all data contained in this report is the AGS Association of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult yourgathered Slifer Smith &isFrampton Broker for moresales information. Slifer Smith & Frampton Real-ear. Estate *Data from esidential from©2021 1.1 through 12.31 of each
2 0 2 0 A N N UA L S L I F E R R E P O R T
2020 SLIFER REPORT 9
GLENWOOD SPRINGS SINGLE-FAMILY SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
2016
77,975,224
153
137
509,642
480,000
2017
90,355,542
163
121
554,328
507,000
2018
102,910,471
179
111
574,919
530,000
2019
93,876,810
154
112
609,590
565,000
2020
154,803,462
230
93
673,059
619,500
CONDOMINIUM/TOWNHOME SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
2016
16,880,543
60
101
281,342
279,000
2017
22,445,936
75
91
299,279
299,000
2018
23,509,700
77
85
305,321
298,000
2019
32,068,149
100
100
320,681
321,950
2020
26,874,945
81
87
331,789
330,000
PRICE PER SQUARE FOOT COMPARISON SINGLE-FAMILY
AVG
2016
2017
2018
2019
2020
$222
$239
$246
$244
$271
CONDOMINIUM/TOWNHOME
AVG
2016
2017
2018
2019
2020
$209
$233
$232
$252
$267
SALE PRICE VS LIST PRICE COMPARISON SINGLE-FAMILY AVG OF SALE PRICE/LAST LISTED PRICE
98%
CONDOMINIUM/TOWNHOME AVG OF SALE PRICE/LAST LISTED PRICE
98%
Source of all data contained in this report is the AGS Association of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2021 Slifer Smith & Frampton Real Estate
*Data gathered is from esidential sales from 1.1 through 12.31 of each 'ear. 2 0 2 0 A N N UA L S L I F E R R E P O R T
2020 SLIFER REPORT 10
NEW CASTLE SINGLE-FAMILY SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
2016
38,323,244
99
122
387,103
395,000
2017
40,617,287
102
118
398,209
379,500
2018
42,858,272
103
98
416,100
399,000
2019
45,138,300
102
111
442,532
425,000
2020
46,617,300
98
101
475,687
437,000
CONDOMINIUM/TOWNHOME SALES VOLUME
NO. OF SALES
AVG. DAYS ON MARKET
AVG. SALE
MEDIAN SALE
2016
15,946,700
67
151
238,010
243,500
2017
13,183,550
49
105
269,052
271,500
2018
17,049,510
64
103
266,399
280,000
2019
21,154,700
72
96
293,815
304,000
2020
16,695,200
57
97
292,898
290,000
PRICE PER SQUARE FOOT COMPARISON SINGLE-FAMILY
AVG
CONDOMINIUM/TOWNHOME
2016
2017
2018
2019
2020
$185
$193
$213
$207
$237
AVG
2016
2017
2018
2019
2020
$174
$192
$193
$206
$218
SALE PRICE VS LIST PRICE COMPARISON SINGLE-FAMILY AVG OF SALE PRICE/LAST LISTED PRICE
CONDOMINIUM/TOWNHOME
99% AVG OF SALE PRICE/LAST LISTED PRICE
100%
Source of all data contained in this report is the AGS Association of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult yourgathered Slifer Smith & Broker for more information. Slifer Smith & Frampton Real'ear. Estate *Data isFrampton from esidential sales from©2021 1.1 through 12.31 of each
2 02020 2 0 A N NSLIFER UA L S L I F E R REPORT REPORT
11
LOCAL LOCAL
COMPANY, COMPANY,
GLOBAL GLOBAL
REACH. REACH. Slifer Smith & Frampton becomes founding member and partial owner of Forbes Global Properties. Completely unique to the real estate industry, this elite network is backed by the world's most famous business media brand whose name says it all. SSF is one of the first firms in the world selected for this exclusive membership to a new consumer marketplace that connects buyers directly to the world's finest homes, as well as the brokers that represent them. Slifer Smith & Frampton Real Estate remains locally owned and operated, capitalizing on Forbes' worldwide reach of 140 million monthly global visitors. We're proud to have joined an exceptional global brand that helps us continue our saying of "We're just getting started."
Find your mountain dream at Find your mountain dream at:
AspenRealEstate.com
VailRealEstate.com
Source of all data contained in this report is the AGS Association of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. Š2021 Slifer Smith & Frampton Real Estate
2020 AN N UA LLOCAL SLIFER R EPO R T 50 years Helping people LIVE for over
12
OUR SUPPORT YOUR SUCCESS Industry-leading support leads to our brokers being the top in their regions.
3.6B 57% $
2020 Sales Volume*
Increase over 2019 production*
250+ Brokers
100+ Support Staff
*Source | Vail, Summit & AGS MLS 2020
#1
Independent Brokerage in The Roaring Fork Valley*
#1
Brokerage in the Vail Valley & Summit County*
2 0 2 0 A N N UA L S L I F E R R E P O R T
13
YOUR ROCKY MOUNTAIN CORRIDOR REAL ESTATE CONNECTION.
Source of all data contained in this report is the AGS Association of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2021 Slifer Smith & Frampton Real Estate
2 0 2 0 A N N UA L S L I F E R R E P O R T
14
Home can take you anywhere. Wherever your Colorado home awaits, a Slifer broker is never far away to find it for you.
SliferSmithandFrampton.com
Source of all data contained in this report is the AGS Association of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. Š2021 Slifer Smith & Frampton Real Estate
2 0 2 0 A N N UA L S L I F E R R E P O R T
15
2 0 2 0 | R OA R I N G F O R K VA L L E Y, C O L O R A D O
