Bottom Line May 2021: The May 2021 market snapshot compares year over year (YOY) sales performance for the past four years as a year ago activity slowed to almost a standstill in the Covid 19 shutdown. Comparing May 2021 to the same period in 2020-2018, and not to just a year ago at a baseline of almost zero,  confirms the huge spike upwards since pre-Covid of units sales, sales volume and rising prices. Remarkably, there have been (4) Aspen neighborhoods where the average sale price per sq ft in the past 6 months has been above $2,000:  these are single family homes in East Aspen, Red Mountain, West End and Downtown Aspen condos/townhomes. Perhaps even crazier, of the 5 downtown single family home sales in the past 6 months, the avg sold price per sq ft was almost $3,100 sq ft. (See pg 7). Sales in general continue to be robust and inventory of properties for sale is at its lowest level of the past 10 years in the Aspen Snowmass real estate markets. If a property isn’t moving in the current environment, there’s either a very property specific issue or its pricing, and a buyer opportunity may present itself.

May 2021 vs May 2020 – May 2018 Aspen Snowmass Real Estate Market Report

Aspen Only:  May 2021 Market Statistics Summary (for Aspen sales by property types and by neighborhoods, see page 7 in report).

Aspen condo sales May 2021

  • Unit Sales: +2200% (23) in May ‘21 vs (1) in May ‘20 vs –91% (11) in May ‘19 vs –35% (17) in May ‘18
  • Dollar Sales: +2285% $54M in May ‘21 vs $2M in May ‘20 vs –91% ($25M) in May ‘19 vs –41% ($42M) in May ‘18
  • Inventory Active Listings: -35% (77) in May ‘21 vs (119) in May ‘20 vs +13% (105) in May ‘19 vs –19% (129) in May ‘18

Aspen condo sales YTD

  • Unit Sales: +158% (85) in May ‘21 vs (33) in May ‘20 vs –49% (65) in May ‘19 vs +20% (54) in May ‘18
  • Dollar Sales: +44% $216M in May ‘21 vs $150M in May ‘20 vs +4% ($144M) in May ‘19 vs –17% ($174M) in May ‘18
  • Inventory Active Listings: +13% (188) in May ‘21 vs (165) in May ‘20 vs -14% (193) in May ‘19 vs +5% (183) in May ‘18

Aspen Single family home sales May 2021

  • Unit Sales: +450% (11) in May ‘21 vs (2) in May ‘20 vs –82% (11) in May ‘19 vs +38% (8) in May ‘18
  • Dollar Sales: +2407% $169M in May ‘21 vs $7M in May ‘20 vs –94% ($120M) in May ‘19vs +20% ($66M) in May ‘18
  • Inventory Active Listings: -42% (80) in May ‘21 vs (137) in May ‘20 vs –3% (141) in May ‘19vs –4% (147) in May ‘18

Aspen Single family home sales YTD

  • Unit Sales: +152% (53) in May ‘21 vs (21) in May ‘20 vs –38% (34) in May ‘19vs –3% (35) in May ‘18
  • Dollar Sales: +257% $625M in May ‘21 vs $175M in May ‘20 vs –42% ($304M) in May ‘19 vs +20% ($253M) in May ‘18
  • Inventory Active Listings: -19% (152) in May ‘21 vs (189) in vs –8% (207) in May ‘19 vs +0% (206) in May ‘18

*Typically, the Aspen market represents 70-75% of the total combined Aspen Snowmass Village real estate marketplace.


Snowmass Village Only:  May 2021 Market Statistics Summary (for Snowmass Village sales by property types and by neighborhoods, see page 9 in report).

Snowmass Village condo sales May 2021

  • Unit Sales: +367% (14) in May ‘21 vs (3) in May ‘20 vs –87% (23) in May ‘19 vs +283% (6) in May ‘18
  • Dollar Sales: +555% $19M in May ‘21 vs $3M in May ‘20 vs –87% ($22M) in May ‘19 vs +198% ($7M) in May ‘18
  • Inventory Active Listings: -55% (58) in May ‘21 vs (129) in May ‘20 vs –8% (140) in May ‘19 vs –21% (178) in May ‘18

Snowmass Village condo sales YTD

  • Unit Sales: +171% (114) in May ‘21 vs (42) in May ‘20 vs –28% (58) in May ‘19 vs +45% (40) in May ‘18
  • Dollar Sales: +155% $152M in May ‘21 vs $60M in May ‘20 vs +1% ($59M) in May ‘19 vs +106% ($29M) in May ‘18
  • Inventory Active Listings: +9% (209) in May ‘21 vs (191) in May ‘20 vs –21% (243) in May ‘19 vs +0% (245) in May ‘18

Snowmass Village Single family home sales May 2021

  • Unit Sales: +600% (7) in May ‘21 vs (1) in May ‘20 vs –75% (4) in May ‘19 vs –20% (5) in May ‘18
  • Dollar Sales: +2225% $45M in May ‘21 vs $2M in May ‘20 vs –79% ($9M) in May ‘19 vs –60% ($23M) in May ‘18
  • Inventory Active Listings: -67% (20) in May ‘21 vs (61) in May ‘20 vs –3% (63) in May ‘19 vs –19% (78) in May ‘18

Snowmass Village Single family home sales YTD

  • Unit Sales: +350% (27) in May ‘21 vs (6) in May ‘20 vs –60% (15) in May ‘19 vs –25% (20) in May ‘18
  • Dollar Sales: +662% $143M in May ‘21 vs $19M in May ‘20 vs –73% ($68M) in May ‘19 vs +9% ($63M) in May ‘18
  • Inventory Active Listings: -34% (56) in May ‘21 vs (85) in May ‘20 vs –22% (110) in May ‘19 vs +0% (110) in May ‘18

* Typically, the Snowmass Village  market represents 25-30% of the total combined Aspen Snowmass Village real estate marketplace..

Links to May 2021 Aspen and Snowmass Village Sold Property Photos and Details:

Aspen May 2021 Closed Properties  This link is valid until 7/1/21.
Snowmass Village May 2021 Closed Properties This link is valid until  7/1/21.
Vacant Lots May 2021 Closed Properties  This link is valid until  7/1/21.

Released June 9, 21 v4.0 – Comparing May 2021-2018 year-over-year (YOY) results