I’ve just run an analysis comparing this summer’s sales activity with last summer, June 1 – August 31, 2009 versus June 1 – August 31, 2008 for all types of property types in Aspen, Snowmass Village and Woody Creek.

The Estin Report: Summer 2009 vs Summer 2008
Aspen, Snowmass Village and Woody Creek
SOLD MARKET ANALYSIS CHART
:(ALL PROPERTY TYPES)

Summary (click on Chart link above for proper spacing of summary)
> Snowmass Village totally tanked this summer 2009 over summer 2008. A disaster.
> Aspen, however, held its own this summer compared to last, with the total number of closings down only marginally. This does not reflect the erosion of prices and values, however, but it does strongly indicate that there are buyers and that actual closings are occurring at a level only slightly off 2008 Summer, although a great discounts.

Summer 2009 vs Summer 2008
Condos
Number Sold Sold Volume % of List
2008 2009 % 2008 2009 % 2008 2009
Aspen 9 12 +33% $11,307,500 $12,072,500 +6% 92% 93%
Snowmass 37 6 -83% $43,691,090 $6,300,000 -86% 98% 76%

Single Family Homes
Number Sold Sold Volume % of List
2008 2009 % 2008 2009* % 2008 2009
Aspen 17 16 -5% $137,290,339 $144,073,711 +4% 93% 92%
Snowmass 9 5 -44% $62,826,000 $22,150,000 -64% 91% 84%

*Summer 2009 includes (4) big sales with following prices: $43MM, $13.5MM,11.25MM, $15.6MM