Released Apr 28, 2019 v1.6


Inventory & Sales inform us about supply/demand. Under contracts are an indicator of future activity
…as most of the properties that go under contract in April will be closing in May.


Aspen condos sales break-out.


Sales of single family homes by location/neighborhoods.

Click table to enlarge

Bottom Line

For the total Aspen Snowmass unit and dollar sales year to date at end of April 2019, we are matching the same time period of 2017, a record sales performance year.

For April itself, results were a mixed bag: Aspen condo sales surged upwards 214%; Aspen single family home sales slowed -56% for the month
.
The month’s highlight was the number of properties that went under contract (UC’s are an indicator of future activity as most of these deals will likely close in May). It was a shot out of the park. For Aspen, April UC’s increased 33% to (28) from (21) last year; for Snowmass Village, UC’s spiked 163% to (21) from (8) last last April.

April sales of Aspen condos were up 214% in April with (22) sales over (7) the same time last year; For year to date, Aspen condo sales are up 35% to (50) sales through April from (37) last YTD;

Aspen single family homes sales for the month of April were down 56% with (4) sales) in April versus (9) last year; Aspen single family home sales for the year to date (YTD) were down 35% to (21) sales from (28) last YTD.

April 2019 Market Statistics Summary for Aspen Only *

Aspen condo sales April 2019

  • Unit Sales: +214% (22) in April ‘19 from (7) in April ‘18
  • Dollar Sales: +94% $39M in April ‘19 from $20M in April ‘18
  • Inventory Active Listings: -17% (111) in April ‘19 from (134) in April ‘18

Aspen condo sales YTD

  • Unit Sales: +41% (52) in April ‘19 from (37) in April ‘18
  • Dollar Sales: -11% $117M in April ‘19 from $132M in April ‘18
  • Inventory Active Listings: +4% (174) in April ‘19 from (167) in April ‘18

Aspen Single family home sales April 2019

  • Unit Sales: -44% (5) in April ‘19 from (9) in April ‘18
  • Dollar Sales: -23% $40M in April ‘19 from $52M in April ‘18
  • Inventory Active Listings: +2% (152) in April ‘19 from (149) in April ‘18

Aspen Single family home sales YTD

  • Unit Sales: -7% (26) in April ‘19 from (28) in April ‘18
  • Dollar Sales: 0% $190M in April ‘19 from $190M in April ‘18
  • Inventory Active Listings: -0% (188) in April ‘19 from (189) in April ‘18

* Typically, the Aspen market represents 70-75% of the total combined Aspen Snowmass Village real estate marketplace.
NOTE: Excluded as from this Mar market snapshot data as Aspen outlier sales: 350 Eagle Park (auction sale); 46 Lower Hurricane (Mining claim sale); 525 Shield O Terrace (Bank sale).

April 2019 Market Statistics Summary for Snowmass Village Only

Snowmass Village condo sales April 2019

  • Unit Sales: -18% (9) in April ‘19 from (11) in April ‘18
  • Dollar Sales: +3% $9M in April ‘19 from $9M in April ‘18
  • Inventory Active Listings: -3% (171) in April ‘19 from (177) in April ‘18

Snowmass Village condo sales YTD

  • Unit Sales: 0% (34) in April ‘19 from (34) in April ‘18
  • Dollar Sales: +72% $37M in April ‘19 from $21M in April ‘18
  • Inventory Active Listings: 0% (235) in April ‘19 from (233) in April ‘18

Snowmass Village Single family home sales April 2019

  • Unit Sales: -33% (4) in April ‘19 from (6) in April ‘18
  • Dollar Sales: -7% $15M in April ‘19 from $16M in April ‘18
  • Inventory Active Listings: +1% (84) in April ‘19 from (83) in April ‘18

Snowmass Village Single family home sales YTD

  • Unit Sales: -27% (11) in April ‘19 from (15) in April ‘18
  • Dollar Sales: +48% $59M in April ‘19 from $40M in April ‘18
  • Inventory Active Listings: 0% (101) in April ‘19 from (101) in April ‘18

* Typically, the Snowmass Village  market represents 25-30% of the total combined Aspen Snowmass Village real estate marketplace.
NOTE: Excluded as from this Mar market snapshot data as Snowmass Village outlier sales: 90 Edgewood (extreme high price per sq ft sale at $8.65M/$1,893 sq ft.)

LINKS TO APRIL 2019 ASPEN & SNOWMASS VILLAGE SOLD PROPERTY PHOTOS AND DETAILS

Aspen April 2019 Closed Properties (29).  This link is valid until 5/30/2019.

Snowmass Village April 2019 Closed Properties (13). This link is valid until 5/30/2019.

___________________________