Released Feb.10, 2017 v2.2
Jan 2017 Aspen and Snowmass Village
Real Estate Snapshot
(Click Table above for full 10 Pg PDF
with detailed charts and tables)
Bottom Line
The Jan 2017 Aspen real estate market* is up 33% in unit sales and 117% in dollar volume over Jan 2016. But in Jan ‘16, the stock market was plummeting and the local real estate market went deep south. The year-to-year comparison is from a low base last year.Current sales are approximately 50% better than Jan 2016 and 50% less than a sizzling Jan 2015. Performance-wise we’re in the middle of the past two years .
Post Nov.‘16 election sales finally started picking up relative to the dismal 1st Half of 2016 that was caused by paralyzing political uncertainty. Sales continue to be on the rise now.
Of particular note, in Jan 2017 the number of under contracts (UC’s)/Pendings exceeded Jan 2016 by 142%, (29) now versus (12) then. UC’s – properties that are have gone under contract but not yet (and may not ) closed – are viewed as an indicator of future activity.
*In Jan 2017, Aspen unit and dollar sales represent 67% of total Aspen and SMV combined sales.Typically, they are closer to 70-80% of the total combined sales.
January 2017 Summary Stats for Aspen Only *
Aspen condos sales January 2017
Unit Sales: 0% (8) in January ‘17 from (8) in January ‘16
Dollar Sales: +87% $21M in January ‘17 from $11M in January ‘16
Inventory Active Listings: -19% (164) in January ‘17 from (202) in January ‘16
Aspen condos sales YTD
Unit Sales: 0% (8) in January ‘17 from (8) in January ‘16
Dollar Sales: +87% $21M in January ‘17 from $11M in January ‘16
Inventory Active Listings: -19% (164) in January ‘17 from (202) in January ‘16
Aspen Single family homes sales January 2016
Unit Sales: +67% (5) in January ‘17 from (3) in January ‘16
Dollar Sales: +79% $24M in January ‘17 from $13M in January ‘16
Inventory Active Listings: +12% (174) in January ‘17 from (174) in January ‘16
Aspen Single family homes sales YTD
Unit Sales: +67% (5) in January ‘17 from (3) in January ‘16
Dollar Sales: +79% $24M in January ‘17 from $13M in January ‘16
Inventory Active Listings: +12% (174) in January ‘17 from (174) in January ‘16
*In Jan 2017, Aspen unit and dollar sales represent 67% of total Aspen and SMV combined sales.Typically, they represent 70-75% of total combined sales.
Links to Jan 2017 Aspen and Snowmass Village Sold Properties: Photos and Details
Aspen Jan 2017 Closed Properties (13). This link is valid until 3/1/2017.
Snowmass Village Jan 2017 Closed Properties (7). This link is valid until 3/1/2017.
Vacant Lots Jan 2017 Closed Properties (4). This link is valid until 3/1/2017.
Jan 2017 compared to Dec 2016 and Nov 2016 Aspen Snowmass Combined Real EstateMarket Sales, Inventory of Active Listings and Under Contracts/Pending. (The charts below appear in their respective Monthly Snapshot on Pg 2)
To enlarge these charts and for additional Historic Dollar and Unit Sales charts by Quarter for
Aspen and Snowmass Village separately bySingle Familyhomes, 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 by email. 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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