Closed (1): 109765 (Link will expire 10/27/09)

MLS #109765 – 718 S. Mill St #6, Fasching Haus Condos, Base of Gondola, Aspen

Under Contracts/Pending (3): 106964, 111847, 112901 (Link will expire on 10/27/09)

Comparison of Aspen and Snowmass real estate activity this Aug. and Sept. 2009 versus same period 2008:

As mentioned in prior recent posts, there has been a marked increase in activity in August and September. Rather than relying on anecdotal evidence, I wanted to quantify what’s actually going on. It’s important because under contract (uc) or pending listings represent activity in real time and it is the closest indicator for future activity.Under contracts for Aug and Sept this year are up 53% over the same period last year.

See Chart -The Estin Report: Aspen Snowmass Real Estate – Year over Year Comparison, Aug 1-Sept 27, 2009 versus Aug. 1- Sept. 27, 2008

Highlights:

  • Aug. & Sept. ’09, there are (49) properties under contracts, +53% over last yr.
  • Aug & Sept ’08 there were (32) properties under contracts
  • (44) under contracts in Aspen in Aug & Sept 2009
  • (5) under contracts in Snowmass Village
  • (81) Viceroy condos/Snowmass are under contract and scheduled to close in Nov. and Dec.2009.

Property Types:

  • Aspen Condos – there’s been a 166% increase in Aspen core condos going under contract, from 6 last year Aug & Sept., to 16 this year, same period.
  • Aspen Townhomes – , there have been 6 under contract townhomes this yr, versus 1 in Aug & Sept.’08
  • Snowmass Village Homes – there are (7) single family homes under contract, +75%, in Aug and Sept 2009 versus (4) in Aug. and Sept. 2008.