The Estin Report 1Q09: Condos – Aspen & Snowmass Village
Jan 1 – March 31st each year for past (5) years.
Aspen Condos: Comparing 1Q09 to 1Q05 (Peak Year)
Dollar Volume: 1Q09 vs 1Q05 = -69% down total, average. – 23%/yr since ’05
Transaction Volume: 1Q09 vs 1Q05 = -81%, down total, average. -33%/yr since ’05
Avg Price per SqFt: 1Q09 vs 1Q05 = +117% up total, average. 22%/yr since ’05
Avg Days On Market: 1Q09 vs 1Q05 = +8% total
Snowmass (SMV) Condos: Comparing 1Q09 to 1Q05 (Peak Year)
Dollar Volume: 1Q09 vs 1Q05 = down -63% down total, average -13.5%/yr since ’05
Transaction Volume: 1Q09 vs 1Q05 = down -84% down total, average. -33%/yr since ’05
Avg Price per SqFt: 1Q09 vs 1Q05 = + 145% up total, average. +27%/yr since ’05
Avg Days On Marlet: 1Q09 vs 1Q05 = +38% total
Current Condo Inventory (April 2009): 358 Total, Aspen & SMV, greater than $200,000.
Aspen: = 222 units (includes 52 unbuilt Boomerang Lodge units)
Snowmass = 135 units
