Real Estate In The News And Quarterly Market Report - OCTOBER 2019

Real Estate In The News And Quarterly Market Report OCTOBER 2019

415 East Hyman Avenue, Aspen CO 81611 c 970-948-1341 | t 970-925-6060 | f 970-920-9993

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ASPEN REAL ESTATE NEWS Three Affordable Housing Projects Receive Public Feedback Aspen City Council gave the thumbs up to move ahead on three proposed affordable housing projects after hearing a summary of months of public feedback, the Aspen Daily News reported.

During nearly 50 outreach sessions, the city met with about 800 people to gather public sentiment about the final build out of Burlingame, a new development where the lumberyard is located at the Aspen Airport Business Center, and additional units built at Water Place specifically for city staff.

The final phase of Burlingame is the

closest to completion, and general sentiment is that the city is on the right track. Modular construction is also being suggested for the new units at Water Place, near Aspen’s water treatment facility and Aspen Valley Hospital. At the Lumberyard, the city has been thinking vaguely about using the place for smaller units for rentals or families that are downsizing, but public feedback has pointed to a desire to a more diverse mix than that, including larger units and ownership opportunities.

the under-construction Rio Grande building and the to-berenovated armory, it is also holding space for Aspen Chamber Resort Association offices, the Aspen Daily News reported. As of now, council chambers will move to the new Galena Plaza building and the ACRA offices will take over the ground level of the armory, along with a visitor’s center.

Both organizations want to maintain separate identities even while housed under the same roof.

The gray area between the city and the nonprofit membership organization is one that ACRA Maintains was created decades Identity as City ago, when ACRA first Tenant moved into a cityAs the city of Aspen owned space and began plots out the location of running the visitor each department within information locations

in town. ACRA is currently located in the city-owned powerhouse building near Rio Grande Park, and before that was located in city-owned offices next to the Rio Grande Parking garage.

Since 2000, ACRA has also received a portion of the local lodging tax to use for marketing Aspen to tourists.

150-200 seat venue would be a welcome addition to the Aspen community, but not on the adjacent Wheeler parcel. The cost to expand the facility would be an expensive undertaking, on top of an anticipated $20 million bill over the next 20 years for upgrades and maintenance to the current facility.

Wheeler Opera Jazz Center Get House Expansion the Go-Ahead Jazz Aspen Is Unfeasible A study commissioned by the city of Aspen to analyze a potential expansion of its Wheeler Opera House concluded that new construction would be too costly and interfere too much with current programming, the Aspen Daily News reported. After four months of research, the study revealed that a flexible, multiuse,

Snowmass got the thumbs up from Aspen City Council to create a jazz center downtown, the Aspen Times reported. JAS purchased the space, located at 416, 420 and 422 E. Cooper Ave. from Mark Hunt for $15 million. The buildings will connect to the corner structure, another building owned by Mark Hunt,

which will eventually be occupied by Restoration Hardware.

There will be a shared corridor between 434 and 422 E. Cooper. That building will serve as the entrance to the JAS Center, which will lead to a second-floor lobby and photo gallery.

The JAS Center’s main venue area and stage will be in the building located 416 E. Cooper Ave., which currently houses a retail store on the mall level and office on the second floor.

The center will utilize the building’s second floor outdoor terrace that will be open so that people on the mall can enjoy the sounds from above. Also in the 9,000-squarefoot space is a green room, wine locker, catering kitchen and hangout areas.

Third Quarter 2019 vs 2018

257 Mountain Laurel Drive, Aspen

ASPEN MARKET Advantage: SELLER

Single-Family Homes AVERAGE SOLD PRICE

15%

AVERAGE SOLD PRICE PER SQUARE FOOT

8%

AVERAGE DAYS ON MARKET

21%

% SOLD PRICE TO ORIGINAL LIST PRICE

2%

2018 - $6,712,340 2019 - $7,713,660

2018 - $1,592 2019 - $1,469

2018 - 265 2019 - 321

2018 - 93% 2019 - 91%

LOWEST PRICE SOLD

HIGHEST PRICE SOLD

NUMBER OF PROPERTIES SOLD

TOTAL SALES VOLUME

1%

2018 - $937,500 2019 - $925,000

7%

2018 - $21,500,000 2019 - $23,000,000

15%

2018 - 55 2019 - 63

32%

2018 - $369,178,707 2019 - $485,960,609

Third Quarter 2019 vs 2018

ASPEN MARKET Advantage: SELLER

Condominiums/Townhomes/Duplexes AVERAGE SOLD PRICE

21%

AVERAGE SOLD PRICE PER SQUARE FOOT

4%

AVERAGE DAYS ON MARKET

28%

% SOLD PRICE TO ORIGINAL LIST PRICE

1%

2018 - $2,781,472 2019 - $2,202,073

2018 - $1,526 2019 - $1,580

2018 - 308 2019 - 222

2018 - 94% 2019 - 95%

LOWEST PRICE SOLD

HIGHEST PRICE SOLD

NUMBER OF PROPERTIES SOLD

TOTAL SALES VOLUME

2%

2018 - $239,000 2019 - $235,000

63%

2018 - $18,344,736 2019 - $6,850,000

15%

2018 - 95 2019 - 109

117%

2018 - $110,789,854 2019 - $240,025,940

Third Quarter 2019 vs 2018

ASPEN SHARED OWNERSHIP Advantage: BUYER

Shared Ownership AVERAGE SOLD PRICE

37%

AVERAGE SOLD PRICE PER SQUARE FOOT

27%

AVERAGE DAYS ON MARKET

5%

% SOLD PRICE TO ORIGINAL LIST PRICE

4%

2018 - $369,537 2019 - $233,063

2018 - $182 2019 - $134

2018 - 207 2019 - 196

2018 - 90% 2019 - 94%

LOWEST PRICE SOLD

HIGHEST PRICE SOLD

NUMBER OF PROPERTIES SOLD

TOTAL SALES VOLUME

25%

2018 - $10,000 2019 - $7,500

54%

2018 - $2,300,000 2019 - $1,050,000

127%

2018 - 59 2019 - 134

43%

2018 - $21,802,700 2019 - $31,230,425

Third Quarter 2019 vs 2018

845 Chaparral Drive, Woody Creek

WOODY CREEK MARKET Single-Family Homes AVERAGE SOLD PRICE

75%

Advantage: BUYER AVERAGE SOLD PRICE PER SQUARE FOOT

53%

AVERAGE DAYS ON MARKET

45%

% SOLD PRICE TO ORIGINAL LIST PRICE

10%

2018 - $ 6,540,833 2019 - $1,632,899

2018 - $861 2019 - $406

2018 - 784 2019 - 434

2018 - 86% 2019 - 95%

LOWEST PRICE SOLD

HIGHEST PRICE SOLD

NUMBER OF PROPERTIES SOLD

TOTAL SALES VOLUME

35%

2018 - $545,000 2019 - $356,000

57%

2018 - $14,025,000 2019 - $6,050,000

50%

2018 - 6 2019 - 9

63%

2018 - $39,245,000 2019 - $14,696,000

SNOWMASS REAL ESTATE NEWS More Development on Track for this Winter This winter season, three buildings are set to open in Snowmass Base Village: The Collective and the two One Snowmass buildings, otherwise known as buildings 6 through 8, the Aspen Times reported. The Collective is set to open in early December. The new building will house a bar and restaurant run by Martin Oswald, the longtime local chef who heads the Pyramid Bistro in Aspen. There also will be a “flex space” for people to gather and an interactive, experiential art center and game lounge.

In the One Snowmass buildings

there will be a new arrival center adjacent to the current Base Village transit center, an eyewear store, and a dynamic art gallery run by local artist Kelly Peters in the West building; and an Aspen JUS location, a yoga studio run by local yogi Aaron King and the new 6,000-squarefoot medical clinic in the East building.

An Aspen Mountain Master Plan looking 10 years out was approved

by Pitkin County Commissioners, the Aspen Times reported.

That includes rebuilding Buckhorn Cabin, relocating and rebuilding the ski patrol shack atop Aspen Mountain, increasing the number of nighttime events at the Sundeck from 75 to 110, and possibly

opening Ruthie’s Restaurant during the day.

Buckhorn Cabin also will be torn down and rebuilt. After initially placing the new building close to the ridge where the current cabin sits, Skico moved it back from the edge based on commissioner suggestions. The new cabin will be 1,000 square feet and feature bathrooms and a large deck. Ruthie’s Restaurant, which closed about a decade ago, will be allowed to be renovated and can open during the day for food service. Skico can open Ruthie’s for nighttime food service as well, though officials will have to come back to the county board with a nighttime plan that must be approved

24 HARLESTON GRN 35, SNOWMASS VILLAGE - 3 BEDROOMS | 4 BATHS - $2,920,000

by commissioners.

The 167-acre expansion of the Pandora’s area off Gentleman’s Ridge lift will be reviewed in a separate application after it was initially table by the BOCC earlier this year.

Sales Tax Rose Again in July The town of Snowmass Village released its sales tax data for the month of July and the numbers show that the town’s strong 2019 is continuing, with tax revenue up 10.13 percent, to $156,973.50, compared to the same month in 2018, the Aspen Daily News

reported. According to the latest figures, the increase came from all sectors except utilities/ telecommunications, which fell 28.88 percent to $9,607.62, and special events, which was down 95.03 percent. That number may seem large, but in real terms the drop was only from $219.91 to $10.93 from 2018 to 2019.

Third Quarter 2019 vs 2018 875 Horse Ranch Drive, Snowmass Village

SNOWMASS VILLAGE MARKET Advantage: SELLER

Single-Family Homes AVERAGE SOLD PRICE

21%

AVERAGE SOLD PRICE PER SQUARE FOOT

18%

AVERAGE DAYS ON MARKET

19%

% SOLD PRICE TO ORIGINAL LIST PRICE

1%

2018 - $3,252,932 2019 - $3,947,374

2018 - $764 2019 - $901

2018 - 297 2019 - 353

2018 - 92% 2019 - 91%

LOWEST PRICE SOLD

HIGHEST PRICE SOLD

NUMBER OF PROPERTIES SOLD

TOTAL SALES VOLUME

0%

2018 - $1,100,000 2019 - $1,100,000

50%

2018 - $9,550,000 2019 - $14,300,000

3%

2018 - 34 2019 - 35

25%

2018 - $110,559,677 2019 - $138,158,100

Third Quarter 2019 vs 2018

SNOWMASS VILLAGE MARKET Advantage: SELLER

Condominiums/Townhomes/Duplexes AVERAGE SOLD PRICE

40%

AVERAGE SOLD PRICE PER SQUARE FOOT

20%

AVERAGE DAYS ON MARKET

20%

% SOLD PRICE TO ORIGINAL LIST PRICE

1%

2018 - $720,275 2019 - $1,009,571

2018 - $640 2019 - $765

2018 - 214 2019 - 256

2018 - 95% 2019 - 96%

LOWEST PRICE SOLD

HIGHEST PRICE SOLD

NUMBER OF PROPERTIES SOLD

TOTAL SALES VOLUME

4%

2018 - $57,500 2019 - $60,000

38%

2018 - $4,425,000 2019 - $6,100,000

10%

2018 - 104 2019 - 94

27%

2018 - $74,908,600 2019 - $94,899,650

Third Quarter 2019 vs 2018 65 Timbers Club Ct, Snowmass Village

SNOWMASS SHARED OWNERSHIP Advantage: BUYER

Shared Ownership AVERAGE SOLD PRICE

35%

AVERAGE SOLD PRICE PER SQUARE FOOT

48%

AVERAGE DAYS ON MARKET

19%

% SOLD PRICE TO ORIGINAL LIST PRICE

8%

2018 - $203,029 2019 - $131,774

2018 - $156 2019 - $81

2018 - 133 2019 - 158

2018 - 93% 2019 - 86%

LOWEST PRICE SOLD

HIGHEST PRICE SOLD

NUMBER OF PROPERTIES SOLD

TOTAL SALES VOLUME

21%

2018 - $70,000 2019 - $55,000

3%

2018 - $300,000 2019 - $290,000

224%

2018 - 17 2019 - 55

110%

2018 - $3,451,500 2019 - $7,247,550

Third Quarter 2019 vs 2018

OLD SNOWMASS MARKET Advantage: BUYER

Single-Family Homes AVERAGE SOLD PRICE

60%

AVERAGE SOLD PRICE PER SQUARE FOOT

56%

AVERAGE DAYS ON MARKET

58%

% SOLD PRICE TO ORIGINAL LIST PRICE

9%

2018 - $4,088,250 2019 - $1,625,444

2018 - $999 2019 - $437

2018 - 400 2019 - 167

2018 - 99% 2019 - 90%

LOWEST PRICE SOLD

HIGHEST PRICE SOLD

NUMBER OF PROPERTIES SOLD

TOTAL SALES VOLUME

39%

2018 - $784,000 2019 - $475,000

67%

2018 - $11,500,000 2019 - $3,800,000

25%

2018 - 12 2019 - 9

70%

2018 - $49,059,000 2019 - $14,629,000

BASALT REAL ESTATE NEWS Council Gets First Pass at River Park Members of the Basalt Town Council, the Planning and Zoning Commission and the Parks, Open Space and Trails Committee got their first look at two proposed designs for the Basalt River Park in the heart of downtown, the Aspen Daily News reported.

Officials preferred the option that incorporated a more natural flow to it and evoked the swirls of the Roaring Fork River, which makes up the southern edge of the park space.

Featuring a circular great lawn with a bandshell reminiscent of the town’s historic coke ovens, the layout would call for a

longer misting water feature, play features scattered throughout the park and willow “forts” for kids to explore.

Features like fire pits and other energy consumers were removed as they were viewed incompatible with Basalt’s mission to aggressively combat climate change. Other features are still possibilities, though, including, potentially, a whitewater park, places for kayaks and other craft to eddy out and tie up, a climbing tree and a raised earth berm with a slide for kids.

TACAW Gets Another OK The Arts Campus at Willits moved one step closer to building a permanent

facility during a Basalt Town Council meeting, the Aspen Daily News reported.

The nonprofit holds a 99-year lease on the land and hopes to break ground on the first phase of a performing arts center, to be built on a town-owned parcel in Willits, this fall.

The Contemporary, a proposed 10,000- square-foot venue, would include a 400-person theater space, a lobby area with a bar and café, a commercial kitchen, office space and a community room.

Phase 2 of the project would call for a larger theater/concert hall to be added, and phase 3, while currently undefined, could be used for something like a digital arts center.

Third Quarter 2019 vs 2018

7800 Frying Pan Road, Woody Creek

BASALT MARKET Advantage: SELLER

Single Family Homes AVERAGE SOLD PRICE

7%

AVERAGE SOLD PRICE PER SQUARE FOOT

1%

AVERAGE DAYS ON MARKET

27%

% SOLD PRICE TO ORIGINAL LIST PRICE

1%

2018 - $1,053,790 2019 - $1,130,147

2018 - $409 2019 - $414

2018 - 224 2019 - 164

2018 - 95% 2019 - 96%

LOWEST PRICE SOLD

HIGHEST PRICE SOLD

NUMBER OF PROPERTIES SOLD

TOTAL SALES VOLUME

41%

2018 - $350,000 2019 - $495,000

40%

2018 - $3,575,000 2019 - $5,000,000

0% 2018 - 57 2019 - 57

7%

2018 - $60,066,009 2019 - $64,418,361

Third Quarter 2019 vs 2018

BASALT MARKET Advantage: SELLER

Condominiums/Townhomes/Duplexes AVERAGE SOLD PRICE

5%

AVERAGE SOLD PRICE PER SQUARE FOOT

7%

AVERAGE DAYS ON MARKET

19%

2018 - $592,163 2019 - $622,883

2018 - $449 2019 - $417

2018 - 189 2019 - 154

LOWEST PRICE SOLD

HIGHEST PRICE SOLD

NUMBER OF PROPERTIES SOLD

14%

2018 - $314,000 2019 - $357,811

18%

2018 - $1,245,000 2019 - $1,475,000

2%

2018 - 56 2019 - 55

% SOLD PRICE TO ORIGINAL LIST PRICE

0%

2018 - 98% 2019 - 98%

TOTAL SALES VOLUME

3%

2018 - $33,161,130 2019 - $34,258,561

CARBONDALE REAL ESTATE NEWS Town Moves to Single Hauler Trash System Carbondale has moved away from multiple companies picking up trash from local homes and apartment buildings to a single hauler, the Sopris Sun reported.

After nearly a decade of discussion, there is a new single-hauler system that will cover almost all the households in town in hopes of reducing traffic and noise on the streets of Carbondale, step up its diversion of

trash from area landfill sites, and provide better protection for wildlife, mostly years, that annually drift into town to forage for food in local dumpsters.

Red Hill Construction Set for Next Spring Visitors to Red Hill and the popular Mushroom Rock landmark will have to endure congestion for several more months, the Glenwood Springs Post Independent reported.

And when construction on the new parking lots and roadwork begins next spring, the trail will be closed for six weeks.

Garfield County and the town of Carbondale have decided to push construction on a new road and more parking lots to spring 2020, which means closing the trail for six weeks in one of its busiest seasons.

The project includes straightening County Road 107 so it intersects Highway 82 at a right angle, and construction of two new parking lots.

Third Quarter 2019 vs 2018

606 Park Meadows Lane, Carbondale

CARBONDALE MARKET Advantage: SELLER

Single Family Homes AVERAGE SOLD PRICE

24%

AVERAGE SOLD PRICE PER SQUARE FOOT

2%

AVERAGE DAYS ON MARKET

32%

% SOLD PRICE TO ORIGINAL LIST PRICE

0%

2018 - $866,617 2019 - $1,071,169

2018 - $308 2019 - $313

2018 - 147 2019 - 194

2018 - 95% 2019 - 95%

LOWEST PRICE SOLD

HIGHEST PRICE SOLD

NUMBER OF PROPERTIES SOLD

TOTAL SALES VOLUME

26%

2018 - $325,000 2019 - $410,000

40%

2018 - $2,500,000 2019 - $3,500,000

3%

2018 - 79 2019 - 77

20%

2018 - $68,462,777 2019 - $82,479,987

Third Quarter 2019 vs 2018

CARBONDALE MARKET Advantage: SELLER

Condominiums/Townhomes/Duplexes AVERAGE SOLD PRICE

12%

AVERAGE SOLD PRICE PER SQUARE FOOT

3%

AVERAGE DAYS ON MARKET

13%

% SOLD PRICE TO ORIGINAL LIST PRICE

1%

2018 - $516,645 2019 - $578,230

2018 - $302 2019 - $312

2018 - 135 2019 - 118

2018 - 97% 2019 - 98%

LOWEST PRICE SOLD

HIGHEST PRICE SOLD

NUMBER OF PROPERTIES SOLD

TOTAL SALES VOLUME

59%

2018 - $176,000 2019 - $279,500

20%

2018 - $1,125,000 2019 - $1,350,000

28%

2018 - 47 2019 - 60

43%

2018 - $24,282,307 2019 - $34,693,776

PITKIN COUNTY REAL ESTATE NEWS Commissioners Approve 10-Year Plan for Aspen Mountain An Aspen Mountain Master Plan looking 10 years out was approved by Pitkin County Commissioners, the Aspen Times reported. That includes rebuilding Buckhorn Cabin, relocating and rebuilding the ski patrol shack atop Aspen Mountain, increasing the number of nighttime events at the Sundeck from 75 to 110,

and possibly opening Ruthie’s Restaurant during the day.

Buckhorn Cabin also will be torn down and rebuilt.

After initially placing the new building close to the ridge where the current cabin sits, Skico moved it back from the edge based on commissioner suggestions. The new cabin will be 1,000 square feet and feature bathrooms and a large deck. Ruthie’s Restaurant, which closed about a decade ago, will be allowed to

be renovated and can open during the day for food service. Skico can open Ruthie’s for nighttime food service as well, though officials will have to come back to the county board with a nighttime plan that must be approved by commissioners.

The 167-acre expansion of the Pandora’s area off Gentleman’s Ridge lift will be reviewed in a separate application after it was initially table by the BOCC earlier this year.

Third Quarter 2019 vs 2018

1251 Homestead Road, Glenwood Springs

GLENWOOD SPRINGS MARKET Advantage: BUYER

Single Family Homes AVERAGE SOLD PRICE

3%

AVERAGE SOLD PRICE PER SQUARE FOOT

2%

AVERAGE DAYS ON MARKET

3%

% SOLD PRICE TO ORIGINAL LIST PRICE

0%

2018 - 98% 2019 - 98%

2018 - $582,669 2019 - $598,822

2018 - $242 2019 - $247

2018 - 111 2019 - 114

LOWEST PRICE SOLD

HIGHEST PRICE SOLD

NUMBER OF PROPERTIES SOLD

TOTAL SALES VOLUME

11%

8%

7%

2018 - $239,000 2019 - $256,000

8%

2018 - $1,245,000 2019 - $1,150,000

2018 - 132 2019 - 118

2018 - $76,912,371 2019 - $70,660,940

GLENWOOD SPRINGS REAL ESTATE NEWS Short-term Rental Market Continues to Grow A recent snapshot of the Glenwood Springs area’s vacation rental market provides a glimpse at the evergrowing business sector as the industry becomes more and more regulated, the Glenwood Springs Post Independent reported.

Any property owner

within city limits who lists a residential unit as a vacation rental at places like airbnb.com and HomeAway.com (formerly vrbo.com) or elsewhere, is now required to go through a permitting process with the city.

The city now has a total of 138 short-term rental permits outside the downtown core area, and 16 within the boundaries of the city’s downtown general

improvements district (GID).

The new rules limit the number of shortterm rentals permitted outside of the GID to 7 percent of the city’s free-market units, which would allow approximately 209 permits based on the city’s current housing stock. There must also be 250 feet of separation between permitted short-term rentals.

Third Quarter 2019 vs 2018

GLENWOOD SPRINGS MARKET Advantage: SELLER

Condominiums/Townhomes/Duplexes AVERAGE SOLD PRICE

6%

AVERAGE SOLD PRICE PER SQUARE FOOT

14%

AVERAGE DAYS ON MARKET

16%

2018 - $304,997 2019 - $321,344

2018 - $226 2019 - $258

2018 - 83 2019 - 96

LOWEST PRICE SOLD

HIGHEST PRICE SOLD

NUMBER OF PROPERTIES SOLD

38%

2018 - $40,000 2019 - $55,000

16%

2018 - $630,000 2019 - $530,000

24%

2018 - 58 2019 - 72

% SOLD PRICE TO ORIGINAL LIST PRICE

0%

2018 - 98% 2019 - 98%

TOTAL SALES VOLUME

31%

2018 - $17,657,900 2019 - $23,136,749

Third Quarter 2019 vs 2018 63 Whitetail Drive, New Castle

NEW CASTLE MARKET Advantage: SELLER

Single Family Homes AVERAGE SOLD PRICE

5%

2018 - $420,565 2019 - $441,912

LOWEST PRICE SOLD

5%

2018 - $205,000 2019 - $215,000

AVERAGE SOLD PRICE PER SQUARE FOOT

0%

AVERAGE DAYS ON MARKET

2%

% SOLD PRICE TO ORIGINAL LIST PRICE

1%

2018 - $209 2019 - $209

2018 - 103 2019 - 105

2018 - 98% 2019 - 99%

HIGHEST PRICE SOLD

NUMBER OF PROPERTIES SOLD

TOTAL SALES VOLUME

25%

2018 - $624,000 2019 - $780,000

7% 2018 - 81 2019 - 75

3%

2018 - $34,065,772 2019 - $33,143,400

Third Quarter 2019 vs 2018

NEW CASTLE MARKET Advantage: SELLER

Condominiums/Townhomes/Duplexes AVERAGE SOLD PRICE

13%

AVERAGE SOLD PRICE PER SQUARE FOOT

7%

AVERAGE DAYS ON MARKET

7%

2018 - $262,349 2019 - $297,632

2018 - $193 2019 - $207

2018 - 100 2019 - 93

LOWEST PRICE SOLD

HIGHEST PRICE SOLD

NUMBER OF PROPERTIES SOLD

24%

2018 - $169,000 2019 - $128,000

15%

2018 - $368,410 2019 - $423,500

28%

2018 - 47 2019 - 60

% SOLD PRICE TO ORIGINAL LIST PRICE

0%

2018 - 99% 2019 - 99%

TOTAL SALES VOLUME

45%

2018 - $12,330,410 2019 - $17,857,900

Third Quarter 2019 vs 2018 5181 Co Rd 331 262, Silt

SILT MARKET Advantage: BUYER

Single Family Homes AVERAGE SOLD PRICE

4%

AVERAGE SOLD PRICE PER SQUARE FOOT

3%

AVERAGE DAYS ON MARKET

4%

% SOLD PRICE TO ORIGINAL LIST PRICE

1%

2018 - $359,704 2019 - $374,197

2018 - $191 2019 - $186

2018 - 111 2019 - 115

2018 - 99% 2019 - 98%

LOWEST PRICE SOLD

HIGHEST PRICE SOLD

NUMBER OF PROPERTIES SOLD

TOTAL SALES VOLUME

44%

2018 - $214,000 2019 - $119,000

1%

2018 - $780,000 2019 - $775,000

3%

2018 - 65 2019 - 63

5%

2018 - $23,380,791 2019 - $24,574,392

Third Quarter 2019 vs 2018

SILT MARKET Advantage: SELLER

Condominiums/Townhomes/Duplexes AVERAGE SOLD PRICE

17%

AVERAGE SOLD PRICE PER SQUARE FOOT

5%

AVERAGE DAYS ON MARKET

28%

2018 - $231,197 2019 - $271,545

2018 - $157 2019 - $165

2018 - 133 2019 - 96

LOWEST PRICE SOLD

HIGHEST PRICE SOLD

NUMBER OF PROPERTIES SOLD

24%

2018 - $97,000 2019 - $120,000

3%

2018 - $339,000 2019 - $328,000

25%

2018 - 16 2019 - 20

% SOLD PRICE TO ORIGINAL LIST PRICE

0%

2018 - 99% 2019 - 99%

TOTAL SALES VOLUME

47%

2018 - $3,699,150 2019 - $5,430,900

Third Quarter 2019 vs 2018 TBD County Road 317 Lot B, Rifle

RIFLE MARKET Advantage: BUYER

Single Family Homes AVERAGE SOLD PRICE

7%

AVERAGE SOLD PRICE PER SQUARE FOOT

4%

AVERAGE DAYS ON MARKET

1%

% SOLD PRICE TO ORIGINAL LIST PRICE

1%

2018 - $305,004 2019 - $325,174

2018 - $170 2019 - $177

2018 - 86 2019 - 85

2018 - 99% 2019 - 98%

LOWEST PRICE SOLD

HIGHEST PRICE SOLD

NUMBER OF PROPERTIES SOLD

TOTAL SALES VOLUME

14%

2018 - $116,800 2019 - $100,000

14%

2018 - $650,000 2019 - $739,000

18%

2018 - 160 2019 - 132

12%

2018 - $48,800,720 2019 - $42,743,085

Third Quarter 2019 vs 2018

RIFLE MARKET Advantage: SELLER

Condominiums/Townhomes/Duplexes AVERAGE SOLD PRICE

13%

AVERAGE SOLD PRICE PER SQUARE FOOT

17%

AVERAGE DAYS ON MARKET

7%

% SOLD PRICE TO ORIGINAL LIST PRICE

0%

2018 - $180,527 2019 - $203,851

2018 - $126 2019 - $148

2018 - 101 2019 - 94

2018 - 99% 2019 - 99%

LOWEST PRICE SOLD

HIGHEST PRICE SOLD

NUMBER OF PROPERTIES SOLD

TOTAL SALES VOLUME

9%

2018 - $62,500 2019 - $68,000

12%

2018 - $292,000 2019 - $326,000

30%

2018 - 33 2019 - 43

47%

2018 - $5,957,399 2019 - $8,765,600

415 East Hyman Avenue, Aspen CO 81611 c 970-948-1341 | t 970-925-6060 | f 970-920-9993

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