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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