Released 04/03/17 v2.0
Here are new charts to be updated every quarter. They are: the historic pace of dollar and unit sales since 2006 with trend lines for Aspen and Snowmass Village (SMV) separately by: 1) all properties combined; 2) single family homes; 3) condos; 4) vacant land / lots. (Fractionals, with the exception of extreme sales, are not included.)
As the unit sales drop-off in the 2nd Half 2007 so foreshadowed the Great Recession, sales velocity or pace, whether by dollar or unit sales, is extremely useful to consider.
While many real estate professionals use dollar sales as the single metric for sales performance (it often looks ‘better’), unit sales are a better measure of market activity. Dollar sales can be skewed disproportionately by extreme high or low end sales.
Clients often ask, “Where are we now compared to the Great Recession…?”. These charts offer a solid reference for that conversation. In this instance, the starting point for the trend line is 2006, but, of course, where the trend line commences will affect its outcome…If the charts had started at 2009, the trend would be more upwards at present than is shown here.
Click charts to enlarge and for similar Aspen or Snowmass Village dollar and unit sales charts
by property types: single famiy homes, condos, and vacant land / lots.
For these and additional Historic Dollar and Unit Sales charts by Quarter for
Aspen and Snowmass Village separately by single family homes, condos and vacant land / lots,
click the respective chart above or these links: Aspen or Snowmass Village PDF’s.
Disclaimer:The statements made in The Estin Report and on Aspen broker Tim Estin’s blog represent the opinions of the author and should not be relied upon exclusively to make real estate decisions. They do not represent the opinions or statements of Aspen Snowmass Sothebys International Real Estate. A potential buyer and/or seller is advised to make an independent investigation of the market and of each property before deciding to purchase or to sell. To the extent the statements made herein report facts or conclusions taken from other sources, the information is believed by the author to be reliable, however, the author makes no guarantee concerning the accuracy of the facts and conclusions reported herein. Information concerning particular real estate opportunities can be requested from Tim Estin at 970.309.6163 or byemail.
The Estin Report is copyrighted 2017 and all rights reserved. Use is permitted subject to the following attribution with a live link to the source: “TheEstin Reporton Aspen Real Estate.”
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