v1.52 The Estin Report publishes a 10-page monthly Aspen real estate market “Snapshot” on or near the 1st Monday of each month. The Snapshot presents a “bottom line” summary and raw data of the subject month and YTD performance for residential real estate sales in Aspen and Snowmass with three sections: 1) Total combined Aspen Snowmass Village Market; 2) The Aspen Market; 3) The Snowmass Village Market. It features charts, tables and 30-day live links to photos and details of sold properties and compares the subject month to the same time in prior years. The Monthly Snapshot is the only Aspen and Snowmass property sales information widely published in a timely and consistent manner early each month.
Bottom Line: Sales activity has picked up considerably in Jan 2024. Under contracts in Jan, an indicator of future performance as these transactions are expected to close in Feb or Mar, have spiked considerably (see Pg 2). Reasons? Generally positive news abounds with the economy, the stock market at records, buyers finally deciding to go for it in spite of continued low inventory and high prices and interest rates. Perhaps it’s a now or never mind set…enough waiting, life is passing by and time has a dollar value. We all know this: Life has changed since the pandemic. There’s recognition, or reluctant acceptance, that constructions prices have risen 30-40% and property prices have increased 3-4 times since mid-2020. And its not going to reverse anytime soon, at least not in the foreseeable future. Let’s just do it.
Excerpt Pg 4: (see page for condos):
Aspen Single Family Homes 3-Mos Median Price:
Nov – Jan 2024 $11,547,500/$2,779 sq ft
-28%
Nov – Jan 2023 $15,975,000/$2,709 sq ft
+45%
Nov – Jan 2022 $11,000,000/$2,209 sq ft
+11%
Nov – Jan 2021 $9,954,300/$1,943 sq ft
+68%
Nov – Jan 2020 $6,000,000/$1,136 sq ft
Snowmass Village Single Family Homes 3-Mos Median Price
Nov – Jan 2024 $5,500,000/$1,481 sq ft
-9%
Nov – Jan 2023 $6,025,000/$1,434 sq ft
5%
Nov – Jan 2022 $5,750,000/$1,357 sq ft
67%
Nov – Jan 2021 $3,443,000/$1,101 sq ft
-2%
Nov – Jan 2020 $3,522,500/$863 sq ft
Links to Jan 24 Aspen and Snowmass Village Sold Property Photos and Details:
Aspen Jan 24 Closed Properties.
Snowmass Village Jan 24 Closed Properties.
Vacant Lots Jan 24 Closed Properties
