the aspen report - aspen snowmass properties · 13 current aspen general activity report 15 current...
TRANSCRIPT
AUGUST 2018
general activity2 monthly general market activity - YTD report
3 monthly general market activity - quarterly comparative
4 monthly general market activity - month comparative
5 monthly general market activity - YTD + pending
6 median price report
7 sales discounting report
8 inventory report
luxury activity10 current luxury property report
communities13 current aspen general activity report
15 current snowmass village general activity report
18 current basalt general activity report
property types21 single family home market distribution
28 condominium/townhome market distribution
34 single family lot market distribution
38 resort market index
39 quarterly sales, volume, and price trendlines
WHAT'S INSIDE
12 MONTHS - .3% MORE SELLERS. 4% MORE BUYERS. 2% LESS SPENT.
AUGUST 2018
YTD - .3% MORE SELLERS. 3% MORE BUYERS. 15% LESS SPENT.
WHAT'S INSIDE
general activity2 monthly general market activity - YTD report
3 monthly general market activity - quarterly comparative4 monthly general market activity - month comparative5 monthly general market activity - YTD + pending6 median price report7 sales discounting report8 inventory report
luxury activity10 current luxury property report
communities13 current aspen general activity report15 current snowmass village general activity report18 current basalt general activity report
property types21 single family home market distribution28 condominium/townhome market distribution34 single family lot market distribution38 resort market index39 quarterly sales, volume, and price trendlines
THE ASPEN REPORT©
MARKET ANALYSES | ASPEN • SNOWMASS • BASALT
ytd market activity with and without luxury properties
YTD performance (incl. 12-mo change), at 8/31## with Viceroy*
2018 YTD including Luxury Properties (over $7.5M)
without Viceroy*
YTD 12-mo YTD 12-mo from 1/1 12-mo YTD 12-mo YTD 12-mo ORIG. LIST 12-mo
391 -3% 4% $915,658,068 -16% -3% 711 22% 0% $925 -6% -1% $2,341,836 -13% -7% 8.7% 5.8% -0.1
Aspen 132 -36% -23% $564,590,811 -34% -16% 331 15% 1% $1,502 7% 12% $4,277,203 4% 10% 10.0% 7.2% -0.3
Condominiums/Townhomes 68 -35% -18% $182,662,354 -5% 18% 102 59% 12% $1,488 11% 13% $2,686,211 45% 43% 8.8% 5.8% 0.0
Single Family Homes 54 -41% -31% $336,903,457 -45% -24% 197 7% -2% $1,519 4% 11% $6,238,953 -7% 9% 9.3% 7.5% -0.3
Land 10 -9% -12% $45,025,000 -7% -36% 32 -22% -16% N/A $4,502,500 3% -27% 21.6% 15.6% -0.2
Snowmass Village 118 33% 30% $166,905,377 8% 18% 230 19% 2% $664 -1% 1% $1,414,452 -19% -9% 7.8% 5.5% -0.2
Condominiums/Townhomes 87 45% 30% $60,610,700 6% 11% 144 21% 9% $641 4% 5% $696,675 -27% -15% 6.5% 4.8% -0.1
Single Family Homes 28 12% 32% $88,594,677 5% 18% 78 22% -5% $736 -7% -9% $3,164,096 -6% -11% 11.5% 8.1% -0.2
Land 3 -25% 25% $17,700,000 32% 71% 8 -20% -27% N/A $5,900,000 76% 36% 11.9% 1.6% 0.1
Basalt 110 29% 28% $101,188,380 87% 57% 127 46% -7% $487 32% 18% $919,894 44% 23% 6.1% 3.8% 0.2
Condominiums/Townhomes 45 15% 16% $26,746,830 31% 22% 50 163% 14% $454 20% 8% $594,374 14% 5% 1.6% 1.5% 0.1
Single Family Homes 40 25% 25% $46,889,300 54% 39% 55 22% -18% $451 27% 21% $1,172,233 23% 12% 10.3% 5.2% 0.1
Land 25 79% 100% $27,552,250 735% 719% 22 -4% -12% N/A $1,102,090 368% 310% 7.6% 6.0% 2.8
8% * note how much the inclusion of luxury sales (only 8% of activity) distorts average sold prices from averages below…by 60% in Aspen
2018 YTD General Market (excluding Luxury Properties over $7.5M) 60%
YTD 12-mo YTD 12-mo YTD 12-mo YTD 12-mo YTD 12-mo ORIG. LIST 12-mo
362 -2% 4% $573,144,464 -14% -4% 524 -4% -4% $826 -7% -2% $1,583,272 -12% -8% 10.3% 5.5% -0.1
Aspen 109 -38% -26% $290,527,207 -37% -22% 198 -8% -8% $1,337 5% 10% $2,665,387 2% 6% 10.2% 7.0% 0.1
Condominiums/Townhomes 59 -43% -25% $92,369,750 -50% -25% 85 6% 6% $1,383 3% 7% $1,565,589 -13% 0% 9.1% 5.7% 0.0
Single Family Homes 42 -33% -31% $175,832,457 -29% -22% 89 -13% -13% $1,272 10% 15% $4,186,487 6% 13% 9.7% 7.1% 0.1
Land 8 -20% -7% $22,325,000 -15% -4% 24 -29% -29% N/A $2,790,625 6% 3% 21.3% 15.5% 0.1
Snowmass Village 115 34% 30% $133,605,377 4% 13% 199 2% 2% $656 2% 2% $1,161,786 -22% -13% 7.1% 5.2% -0.1
Condominiums/Townhomes 87 45% 30% $60,610,700 6% 11% 143 8% 8% $641 4% 5% $696,675 -27% -15% 6.5% 4.8% -0.1
Single Family Homes 26 13% 31% $70,044,677 5% 12% 49 -8% -8% $708 -1% -6% $2,694,026 -7% -15% 9.4% 6.8% -0.1
Land 2 -33% 33% $2,950,000 -33% 86% 7 -30% -30% N/A $1,475,000 1% 40% 4.8% 1.6% 0.3
Basalt 110 29% 28% $101,188,380 87% 57% 127 -6% -6% $487 32% 18% $919,894 44% 23% 6.1% 3.8% 0.2
Condominiums/Townhomes 45 15% 16% $26,746,830 31% 22% 50 14% 14% $454 20% 8% $594,374 14% 5% 1.6% 1.5% 0.1
Single Family Homes 40 25% 25% $46,889,300 54% 39% 55 -18% -18% $451 27% 21% $1,172,233 23% 12% 10.3% 5.2% 0.1
Land 25 79% 100% $27,552,250 735% 719% 22 -8% -8% N/A $1,102,090 368% 310% 7.6% 6.0% 2.8with Viceroy*
##
ytd market activity
Change ChangeChange
SALES $ VOLUMEChange
INVENTORY$ VOLUMESALES
Change ChangeChange DISCOUNT
TOTAL VALLEY (incl. rural)
TOTAL VALLEY (incl. rural)
For even more detail, including neighborhood-specific statistics, check our current activity report on the Resources tab on
our website aspensnowmassproperties.com .
INVENTORY
$/SF
AVG SOLD
PRICE
AVG SOLD
PRICE
DISCOUNT
Change
ChangeChange Change
$/SFChange
* *
* *
* *
* *
Copyright © 2018 2
quarterly general market activity excludes luxury properties
(excludes luxury property) due to distortion of averages
Q3 Q2 Q1
8/31/2018 (reported separately)
number soldQ3 thru Aug+Pending Q2 Q1 Q4 Q3 Q2 Q1 Q2 2018 change
187 144 112 162 158 148 95 -2.7%
Aspen 69 44 37 51 79 75 50 -41.3%C
onCondominiums/Townhomes 31 26 19 30 53 44 26 -40.9%
Si
ngSingle Family Homes 26 17 16 18 21 28 20 -39.3%
Si
ngLand 12 1 2 3 5 3 4 -66.7%
Snowmass Village 65 46 44 49 34 35 29 31.4%C
onCondominiums/Townhomes 51 32 34 31 24 22 22 45.5%
Si
ngSingle Family Homes 11 14 10 17 8 12 6 16.7%
Si
ngLand 3 0 0 1 2 1 1 -100.0%
Basalt 53 54 31 62 45 38 16 42.1%C
onCondominiums/Townhomes 22 21 15 36 19 15 12 40.0%
Si
ngSingle Family Homes 25 22 7 20 20 16 2 37.5%
Si
ngLand 6 11 9 6 6 7 2 57.1%
sales volumeQ3 thru Aug+Pending Q2 Q1 Q4 Q3 Q2 Q1 Q2 2018 change
$353,366,271 $227,659,650 $172,324,614 $254,689,919 $301,801,725 $265,721,958 $188,181,170 -14.3%
Aspen $208,253,750 $110,025,500 $101,423,957 $137,574,400 $218,061,750 $185,301,158 $137,838,950 -40.6%C
onCondominiums/Townhomes $53,642,000 $43,691,000 $24,364,750 $55,361,000 $118,525,250 $66,304,158 $45,493,950 -34.1%
Si
ngSingle Family Homes $116,012,750 $63,484,500 $72,209,207 $72,113,400 $90,101,000 $113,177,000 $79,010,000 -43.9%
Farm/Ranch Si
ngLand $38,599,000 $2,850,000 $4,850,000 $10,100,000 $9,435,500 $5,820,000 $13,335,000 -51.0%
Snowmass Village $83,443,400 $70,423,000 $38,726,877 $73,336,725 $46,600,875 $59,809,500 $41,327,892 17.7%C
onCondominiums/Townhomes $51,376,900 $29,833,500 $14,346,700 $25,412,725 $25,898,875 $18,754,500 $22,765,392 59.1%
Si
ngSingle Family Homes $27,616,500 $40,589,500 $24,380,177 $45,224,000 $16,752,000 $39,455,000 $17,237,500 2.9%
Farm/Ranch Si
ngLand $4,450,000 $0 $0 $2,700,000 $3,950,000 $1,600,000 $1,325,000 -100.0%
Basalt $61,669,121 $47,211,150 $32,173,780 $43,778,794 $37,139,100 $20,611,300 $9,014,328 129.1%C
onCondominiums/Townhomes $14,277,811 $13,558,850 $7,896,280 $18,222,875 $10,199,000 $8,019,500 $6,592,328 69.1%
Si
ngSingle Family Homes $40,467,060 $28,167,800 $8,635,000 $22,920,919 $25,120,600 $11,375,300 $1,895,000 147.6%
Farm/Ranch Si
ngLand $6,924,250 $5,484,500 $15,642,500 $2,635,000 $1,819,500 $1,216,500 $527,000 350.8%
average $/sfQ3 thru Aug Q2 Q1 Q4 Q3 Q2 Q1 Q2 2018 change
$856 $830 $809 $773 $996 $855 $917 -2.9%Aspen $1,394 $1,364 $1,266 $1,294 $1,455 $1,163 $1,264 17.3%C
onCondominiums/Townhomes $1,474 $1,407 $1,283 $1,317 $1,532 $1,234 $1,239 14.0%
Si
ngSingle Family Homes $1,269 $1,298 $1,245 $1,257 $1,260 $1,050 $1,297 23.6%
Snowmass Village $682 $676 $623 $689 $638 $678 $628 -0.4%C
onCondominiums/Townhomes $690 $639 $613 $663 $650 $619 $615 3.3%
Si
ngSingle Family Homes $598 $760 $657 $737 $603 $788 $677 -3.6%
Basalt $437 $460 $454 $399 $420 $332 $356 38.3%C
onCondominiums/Townhomes $484 $419 $485 $402 $386 $395 $351 6.3%
Si
ngSingle Family Homes $398 $498 $388 $393 $452 $274 $386 81.7%
quarterly general market activity(excludes luxury property)
what are the BUBBLES?
A CONDENSED VISUAL
QUARTERLY SYNOPSIS
SIZE = volume
HEIGHT = activity
TOTAL
TOTAL
TOTAL
2017
20172018
2018
2018 2017
NOTE: 1st Qtr 2016 represents approximately 90% of expected 1st quarter production at the time of this writing.
NOTE: 1st Qtr 2016 represents approximately 90% of expected 1st quarter production at the time of this writing.
Copyright © 2018 3
monthly general market activity excludes luxury properties
august 2018 compared with august 2017 Aug due to distortion of averagesAug 8 8 (reported separately)
august2018 2017 change 2018 2017 change
51 70 -27.1% $80,229,950 $135,025,000 -40.6%18 36 -50.0% Aspen $51,770,750 $101,214,750 -48.9%
8 24 -66.7%C
oCCondominiums/Townhomes $16,007,000 $61,004,750 -73.8%
5 11 -54.5%S
iS Single Family Homes $21,138,750 $37,710,000 -43.9%
Farm/Ranch 5 1 400.0%S
iS Land $14,625,000 $2,500,000 485.0%
17 17 0.0% Farm/Ranch $12,915,000 $20,770,250 -37.8%
16 12 33.3%S
nCCondominiums/Townhomes $11,315,000 $11,013,250 2.7%
0 4 N/AC
oS Single Family Homes $0 $8,307,000 N/A
Farm/Ranch 1 1 0.0%S
iS Land $1,600,000 $1,450,000 10.3%
16 17 -5.9% Single Family Lot $15,544,200 $13,040,000 19.2%
6 7 -14.3%F
aCCondominiums/Townhomes $3,652,700 $3,525,000 3.6%
8 6 33.3%B
aS Single Family Homes $8,091,500 $8,025,000 0.8%
Farm/Ranch 2 4 -50.0%C
oS Land $3,800,000 $1,490,000 155.0%
prices2018 2017 change 2018 2017 change
$859 $1,058 -18.8% $1,573,136 $1,928,929 -18.4%
$1,526 $1,493 2.2% $2,876,153 $2,811,521 2.3%
$1,562 $1,617 -3.4% CCondominiums/Townhomes $2,000,875 $2,541,865 -21.3%
$1,468 $1,222 20.1% S Single Family Homes $4,227,750 $3,428,182 23.3%
Land $2,925,000 $2,500,000 17.0%
$679 $619 9.8% $759,706 $1,221,779 -37.8%
$679 $618 10.0% CCondominiums/Townhomes $707,188 $917,771 -22.9%
$0 $621 N/A S Single Family Homes $0 $2,076,750 N/A
Land $1,600,000 $1,450,000 10.3%
$444 $427 3.9% $971,513 $767,059 26.7%
$503 $375 34.3% CCondominiums/Townhomes $608,783 $503,571 20.9%
$399 $488 -18.2% S Single Family Homes $1,011,438 $1,337,500 -24.4%
Land $1,900,000 $372,500 410.1%
monthly general market activityaugust 2018 compared with august 2017
number sold total sales volume
average $/sf average sold prices
Aspen
Snowmass Village
Basalt
Aspen
Snowmass Village
Basalt
TOTAL
TOTAL
20
18
20
17
Activity
20
18
20
17
Volume
20
18
20
17
Avg Pr.
20
18
20
17
Avg $/sf
Copyright © 2018 4
ytd overall market activity includes luxury properties
all YTD sales and pending sales, at 8/31/18 aug
aug
A P 8 8 7/2/1905
number sold/pending 2018 YTD 2017 YTDListed Pending 2018 Sold Sold + Pending Sold + Pending change
831 141 429 570 561 2%
692 123 391 514 507 1%
Aspen 334 55 132 187 254 -26%
Co Condominiums/Townhomes 103 23 68 91 128 -29%
Sin Single Family Homes 198 25 54 79 112 -29%
Farm/RanchSin Land 33 7 10 17 14 21%
Snowmass Village 229 40 118 158 115 37%
Co Condominiums/Townhomes 143 30 87 117 74 58%
Sin Single Family Homes 78 9 28 37 35 6%
Farm/RanchSin Land 8 1 3 4 6 -33%
Basalt 129 28 110 138 113 22%
Co Condominiums/Townhomes 50 13 45 58 57 2%
Sin Single Family Homes 55 14 40 54 41 32%
Farm/RanchSin Land 24 1 25 26 15 73%
dollar volume 2018 YTD 2017 YTDListed Pending 2018 Sold Sold + Pending Sold + Pending change
$4,341,939,328 $449,222,221 $945,101,849 $1,394,324,070 $1,524,483,382 -9%
$4,215,216,984 $441,839,471 $915,658,068 $1,357,497,539 $1,508,780,724 -10%
Aspen $2,889,267,539 $300,216,000 $564,590,811 $864,806,811 $1,148,258,829 -25%
Co Condominiums/Townhomes $444,455,540 $100,378,000 $182,662,354 $283,040,354 $308,437,358 -8%
Sin Single Family Homes $2,213,172,999 $175,864,000 $336,903,457 $512,767,457 $784,955,971 -35%
Farm/RanchSin Land $231,639,000 $23,974,000 $45,025,000 $68,999,000 $54,865,500 26%
Snowmass Village $760,266,200 $58,987,900 $166,905,377 $225,893,277 $224,724,767 1%
Co Condominiums/Townhomes $181,549,200 $34,946,400 $60,610,700 $95,557,100 $72,274,767 32%
Sin Single Family Homes $546,493,000 $22,541,500 $88,594,677 $111,136,177 $118,575,000 -6%
Farm/RanchSin Land $32,224,000 $1,500,000 $17,700,000 $19,200,000 $33,875,000 -43%
Basalt $152,836,245 $39,865,671 $101,188,380 $141,054,051 $84,065,628 68%
Co Condominiums/Townhomes $31,467,350 $8,986,111 $26,746,830 $35,732,941 $30,636,328 17%
Sin Single Family Homes $85,776,900 $30,380,560 $46,889,300 $77,269,860 $49,921,300 55%
Farm/RanchSin Land $35,591,995 $499,000 $27,552,250 $28,051,250 $3,508,000 700%
ytd overall market activityall YTD sales and pending sales, at 8/31/18
TOTAL (in Towns)
TOTAL (in Towns)
Though less illuminating or predictive in the early-year shorter time spans, this is the most current indicator of relative market activity
TOTAL (incl. Rural)
TOTAL (incl. Rural)
Copyright © 2018 5
annual changes in median sales prices excludes luxury properties
as of 8/31 of each year due to distortion of medians(reported separately)
changes in median sales prices (an equal number of sales closed below these prices as above)
2018 YTD 1 Yr Chg 2017 1 Yr Chg 2016 1 Yr Chg 2015 1 Yr Chg 2014 1 Yr Chg 2013 1 Yr Chg
Aspen $2,289,750 11.4% $2,055,900 15.2% $1,785,000 -16.4% $2,135,000 0.0% $2,135,000 29.4% $1,650,000 -10.8%
Condominiums/Townhomes $1,240,000 -13.0% $1,425,000 16.3% $1,225,000 10.7% $1,106,250 -11.0% $1,242,500 24.3% $1,000,000 5.8%
Single Family Homes $3,970,000 2.6% $3,870,000 1.2% $3,824,000 -6.7% $4,100,000 9.3% $3,750,000 17.1% $3,202,500 -11.0%
Single Family Lots $2,680,000 17.8% $2,275,000 -27.2% $3,125,000 -13.2% $3,600,000 56.5% $2,300,000 -1.1% $2,325,000 -3.1%
Snowmass Village $680,000 -31.0% $985,000 -5.6% $1,043,750 11.6% $935,000 -11% $1,044,750 58.3% $660,000 -12.6%
Condominiums/Townhomes $480,000 -27.0% $657,288 -0.4% $660,000 6.5% $620,000 5.5% $587,500 15.4% $509,106 -16.5%
Single Family Homes $2,218,839 -8.5% $2,425,000 -13.3% $2,797,500 17.0% $2,391,900 27.6% $1,874,500 -9.7% $2,075,000 2.5%
Single Family Lots $1,475,000 -7.8% $1,600,000 -17.2% $1,932,500 64.5% $1,175,000 -7.3% $1,267,500 -1.2% $1,282,500 -61.7%
Basalt $689,500 25.4% $550,000 0.0% $550,000 0.0% $550,000 10.0% $500,000 20.5% $415,000 6.4%
Condominiums/Townhomes $529,000 8.6% $487,000 6.7% $456,500 6.8% $427,500 3.0% $415,000 29.7% $320,000 25.1%
Single Family Homes $879,500 7.3% $820,000 -5.5% $867,778 11.8% $776,000 19.8% $647,500 6.3% $609,000 12.6%
Single Family Lots $950,000 269.6% $257,000 31.8% $195,000 0.8% $193,500 7.5% $180,000 2.9% $175,000 12.9%
annual changes in median sales pricesas of 8/31 of each year
Copyright © 2018 6
changes in average discounts includes luxury properties
average price discounts at 8/31/18
2018 2017 2016 2015 2014 2013
asking vs. selling price discount %
2018 YTD last 12 mo 2017 2016 2015 2014 20135.6% 5.8% 6.0% 6.4% 6.2% 7.1% 8.2%
Aspen 7.2% 7.0% 6.7% 7.1% 6.7% 7.5% 9.2%
C Condominiums/Townhomes 5.8% 5.4% 4.8% 5.7% 5.1% 6.1% 7.4%
S Single Family Homes 7.5% 7.7% 8.0% 9.1% 8.2% 7.5% 10.9%
S Land 15.6% 16.1% 14.0% 9.3% 9.0% 16.4% 12.8%
Snowmass Village 5.5% 5.9% 6.6% 7.2% 7.6% 8.4% 8.1%
C Condominiums/Townhomes 4.8% 5.1% 5.5% 6.6% 7.2% 7.5% 6.9%
S Single Family Homes 8.1% 7.9% 8.1% 8.3% 8.8% 8.9% 10.1%
S Land 1.6% 3.4% 12.7% 8.3% 4.5% 11.6% 18.1%
Basalt 3.8% 3.9% 4.1% 4.7% 4.0% 4.4% 5.8%
C Condominiums/Townhomes 1.5% 1.9% 2.2% 2.6% 2.6% 2.5% 3.6%
S Single Family Homes 5.2% 5.6% 5.1% 7.1% 5.5% 5.9% 6.2%
S Land 6.0% 6.2% 8.9% 10.9% 10.7% 7.4% 12.3%
original vs. selling price discount %
2018 YTD last 12 mo 2017 2016 2015 2014 2013
8.1% 9.1% 9.4% 9.8% 9.3% 10.6% 13.3%
Aspen 10.0% 10.1% 10.0% 10.6% 9.9% 11.1% 15.3%
C Condominiums/Townhomes 8.8% 7.8% 6.8% 8.6% 7.4% 9.0% 12.1%
S Single Family Homes 9.3% 11.2% 13.0% 13.2% 11.4% 11.3% 18.7%
S Land 21.6% 21.5% 16.8% 14.0% 17.9% 22.7% 20.7%
Snowmass Village 7.8% 9.6% 11.8% 11.5% 11.0% 13.2% 12.6%
C Condominiums/Townhomes 6.5% 8.5% 11.0% 10.9% 11.7% 13.3% 10.4%
S Single Family Homes 11.5% 12.3% 13.4% 12.6% 10.5% 13.4% 16.4%
S Land 11.9% 9.6% 12.7% 13.0% 4.5% 12.6% 31.7%
Basalt 6.1% 6.1% 6.0% 7.4% 6.5% 6.2% 9.5%
C Condominiums/Townhomes 1.6% 2.2% 2.5% 3.7% 4.1% 2.6% 7.7%
S Single Family Homes 10.3% 10.5% 8.9% 11.4% 8.9% 9.6% 9.7%
S Land 7.6% 7.8% 11.7% 17.4% 16.7% 10.1% 14.9%
changes in average discountsaverage price discounts at 8/31/18
OVERALL AVERAGE
OVERALL AVERAGE
0%
5%
10%
2013 2014 2015 2016 2017 last 12 mo
Average Asking vs. Selling Price Discount
Aspen Snowmass Village Basalt
Decreasing Sales Discounts
0%
5%
10%
15%
20%
2013 2014 2015 2016 2017 last 12 mo
Average Original vs. Selling Price Discount
Aspen Snowmass Village Basalt
Decreasing Sales Discounts
Copyright © 2018 7
changes in inventory luxury properties separatedas of 8/31 aug aug to better reflect volume
A P 8 8 2010
listing inventory
aug 2018 aug 2017 change aug 2018 aug 2017 change711 709 0.3% $4,119,404,984 $3,774,137,671 9.1%
Luxury Market 187 163 14.7% Luxury Market $2,876,941,000 $2,512,138,999 14.5%
Condominiums/Townhomes 18 11 63.6% Condominiums/Townhomes $267,832,000 $148,587,000 80.3%
Single Family Homes 154 139 10.8% Single Family Homes $2,362,684,000 $2,163,411,999 9.2%
Land 15 13 15.4% Land $246,425,000 $200,140,000 23.1%
524 546 -4.0% $1,242,463,984 $1,261,998,672 -1.5%Aspen 198 216 -8.3% Aspen $675,296,539 $734,804,994 -8.1%
Condominiums/Townhomes 85 80 6.3% Condominiums/Townhomes $176,623,540 $148,847,000 18.7%
Single Family Homes 89 102 -12.7% Single Family Homes $425,518,999 $463,132,994 -8.1%
Land 24 34 -29.4% Land $73,154,000 $122,825,000 -40.4%
Snowmass Village 199 195 2.1% Snowmass Village $428,281,200 $368,026,199 16.4%
Condominiums/Townhomes 143 132 8.3% Condominiums/Townhomes $181,549,200 $151,378,699 19.9%
Single Family Homes 49 53 -7.5% Single Family Homes $224,498,000 $189,978,500 18.2%
Land 7 10 -30.0% Land $22,234,000 $26,669,000 -16.6%
Basalt 127 135 -5.9% Basalt $138,886,245 $159,167,479 -12.7%
Condominiums/Townhomes 50 44 13.6% Condominiums/Townhomes $31,467,350 $29,099,180 8.1%
Single Family Homes 55 67 -17.9% Single Family Homes $85,776,900 $102,337,400 -16.2%
Land 22 24 -8.3% Land $15,691,995 $13,793,900 13.8%
pending inventory pending volumeaug 2018 aug 2017 change aug 2018 aug 2017 change
124 104 19.2% $428,969,571 $423,346,000 1.3%Luxury Market 15 18 -16.7% Luxury Market $200,940,000 $233,235,000 -13.8%
Condominiums/Townhomes 6 6 0.0% Condominiums/Townhomes $71,050,000 $74,545,000 -4.7%
Single Family Homes 9 10 -10.0% Single Family Homes $129,890,000 $127,240,000 2.1%
Land 0 2 N/A Land $0 $31,450,000 N/A
109 86 26.7% $228,029,571 $190,111,000 19.9%Aspen 41 34 20.6% Aspen $129,176,000 $118,200,000 9.3%
Condominiums/Townhomes 17 18 -5.6% Condominiums/Townhomes $29,328,000 $41,321,000 -29.0%
Single Family Homes 17 13 30.8% Single Family Homes $75,874,000 $70,234,000 8.0%
Land 7 3 133.3% Land $23,974,000 $6,645,000 260.8%
Snowmass Village 40 24 66.7% Snowmass Village $58,987,900 $42,020,500 40.4%
Condominiums/Townhomes 30 14 114.3% Condominiums/Townhomes $34,946,400 $14,995,000 133.1%
Single Family Homes 9 9 0.0% Single Family Homes $22,541,500 $24,075,500 -6.4%
Land 1 1 0.0% Land $1,500,000 $2,950,000 -49.2%
Basalt 28 28 0.0% Basalt $39,865,671 $29,890,500 33.4%
Condominiums/Townhomes 13 18 -27.8% Condominiums/Townhomes $8,986,111 $10,266,500 -12.5%
Single Family Homes 14 9 55.6% Single Family Homes $30,380,560 $19,414,000 56.5%
Land 1 1 0.0% Land $499,000 $210,000 137.6%
changes in inventoryas of 8/31
GENERAL PENDING GENERAL PENDING
ALL PENDING
ALL LISTINGS
ALL PENDING
GENERAL LISTINGS GENERAL LISTINGS
listing volume
ALL LISTINGS
Copyright © 2018 8
LUXURY PROPERTY MARKET ACTIVITYAugust 31, 2018
Luxury' is defined as property priced over
$7.5 million,
nearly always limited to single family
homes or ranches.
Copyright © 2018 9
current luxury property report
Inventory 187 Avg Sales Price/SF $2,067 Sales Last 12 Mo 48
$11,810,814$12,100,000
2018 1.454545455
total luxury sales inventory pending
at 08/31/2018 at 08/31/2018 last 12 mo change prev 12 mo 2018 YTD 2017 YTD 2017 2015187 15 48 2% 47 29 33 52 48
$2,876,941,000 $200,940,000 $584,934,604 -1% $589,333,971 $342,513,604 $417,948,971 $660,369,971 $611,035,833
Avg Price/SF $2,241 $2,209 $2,067 4% $1,995 $2,134 $2,085 $2,043 $1,806
Avg Sales Price est. $14,088,262 est. $12,267,137 $12,186,138 -3% $12,539,021 $11,810,814 $12,665,120 $12,699,423 $12,729,913
$7,500,000 0% $7,500,000 $7,500,000 $7,600,000 $7,600,000 $7,500,000
$29,000,000 -3% $30,000,000 $21,500,000 $30,000,000 $30,000,000 $29,500,000
Avg Asking Price $15,384,711 $13,396,000 $13,750,146 -1% $13,877,021 $13,146,207 $14,028,333 $14,263,500 $15,176,083
$7,500,000 $7,995,000 $7,950,000 2% $7,800,000 $7,950,000 $7,800,000 $7,800,000 $7,500,000
$58,500,000 $29,900,000 $44,000,000 21% $36,500,000 $25,000,000 $36,500,000 $44,000,000 $49,500,000
Avg Ask/Sold Discount 9.2% 0.10 8.4% 9.3% 8.0% 8.4% 11.6%
Avg Days on Market 363 510 472 21% 390 520 434 421 303
current luxury property report
Luxury' is defined as property priced over $7.5 million,
nearly always limited to single family homes or ranches.
$13,298,989
$7,750,000
$12,157,364
2%from Aug 2017:
47
Average Sold Price:Median Sold Price:
4%from Aug 2017:
$1,995
2016
$24,000,000
$10,739,301
$7,975,000
$24,500,000
$1,913
15%from Aug 2017:
163
Current Avg. Asking Price: $15,384,711
Lowest Asking Price
Highest Asking Price
Highest Selling Price
263
33Number$354,396,943
closed
$2,241Current Avg. Asking Price/SF:
$7,500,000
Dollar Volume
11.2%
Lowest Selling Price
201438
$458,717,886
$1,578
$12,071,523
$7,500,000
$26,000,000
$29,900,000
9.1%
303
0
40
80
120
160
200
$0
$500
$1,000
$1,500
$2,000
$2,500
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 LAST
12 MO
Valley Luxury Sales
PRICES: Avg $/SF DEMAND: # of Sales SUPPLY: Inventory
Copyright © 2018 10
current luxury property report
aspen inventory pending
at 08/31/2018 at 08/31/2018 last 12 mo change prev 12 mo 2018 YTD 2017 YTD 2017 2015136 14 40 -5% 42 23 30 47 42
$2,213,971,000 $171,040,000 $494,734,604 -9% $540,873,971 $274,063,604 $391,148,971 $611,819,971 $530,535,833
Avg Price/SF $2,430 $2,270 $2,198 9% $2,024 $2,296 $2,117 $2,102 $1,777
Avg Sales Price est. $14,983,914 est. $11,245,063 $12,368,365 -4% $12,877,952 $11,915,809 $13,038,299 $13,017,446 $12,631,806
$7,500,000 0% $7,500,000 $7,500,000 $7,600,000 $7,600,000 $7,500,000
$29,000,000 -3% $30,000,000 $21,500,000 $30,000,000 $30,000,000 $29,500,000
Avg Asking Price $16,279,199 $12,217,143 $13,951,425 -1% $14,127,857 $13,182,174 $14,366,167 $14,592,596 $14,563,262
$7,500,000 $7,995,000 $7,950,000 2% $7,800,000 $7,950,000 $7,800,000 $7,800,000 $7,500,000
$42,000,000 $17,500,000 $44,000,000 21% $36,500,000 $25,000,000 $36,500,000 $44,000,000 $49,500,000
Avg Ask/Sold Discount 8.7% 0.18 7.4% 8.4% 7.3% 8.0% 10.4%
Avg Days on Market 318 464 435 21% 359 472 386 385 295*26 SF Homes and 12 Townhomes, plus land
snowmass village inventory pending
at 08/31/2018 at 08/31/2018 last 12 mo change prev 12 mo 2018 YTD 2017 YTD 2017 201530 0 4 33% 3 3 3 4 4
$331,985,000 $0 $42,050,000 57% $26,800,000 $33,300,000 $26,800,000 $35,550,000 $39,850,000
Avg Price/SF $1,744 $0 $1,135 -30% $1,624 $1,102 $1,624 $1,483 $2,043
Avg Sales Price est. $9,477,539 N/A $10,512,500 18% $8,933,333 $11,100,000 $8,933,333 $8,887,500 $9,962,500
$8,750,000 14% $7,650,000 $9,000,000 $7,650,000 $7,650,000 $7,800,000
$14,750,000 46% $10,100,000 $14,750,000 $10,100,000 $10,100,000 $12,000,000
Avg Asking Price $11,066,167 $0 $12,400,000 16% $10,650,000 $13,216,667 $10,650,000 $10,475,000 $11,036,250
$7,750,000 $0 $9,950,000 17% $8,500,000 $11,750,000 $8,500,000 $8,500,000 $8,250,000
$29,995,000 $0 $15,000,000 20% $12,500,000 $15,000,000 $12,500,000 $12,500,000 $14,900,000
Avg Ask/Sold Discount 15.7% 0.04 15.1% 16.9% 15.1% 14.4% 8.5%
Avg Days on Market 562 0 631 -31% 916 668 916 817 246*3 SF Homes, 1 of which is ski-accessible, plus land
rural inventory pending
woody creek to missouri heights at 08/31/2018 at 08/31/2018 last 12 mo change prev 12 mo 2018 YTD 2017 YTD 2017 201521 1 4 100% 2 3 0 1 2
$330,985,000 $29,900,000 $48,150,000 122% $21,660,000 $35,150,000 $0 $13,000,000 $40,650,000
Avg Price/SF $1,724 $1,349 $1,519 -16% $1,805 $1,686 $0 $1,017 $1,913
Avg Sales Price $12,037,500 11% $10,830,000 $11,716,667 $0 $13,000,000 $20,325,000
$10,250,000 24% $8,250,000 $10,250,000 $0 $13,000,000 $17,150,000
$13,400,000 0% $13,410,000 $13,400,000 $0 $13,000,000 $23,500,000
Avg Asking Price $15,761,190 $29,900,000 $13,087,500 -3% $13,450,000 $12,800,000 $0 $13,950,000 $36,325,000
$58,500,000 $29,900,000 $11,000,000 11% $9,900,000 $11,000,000 $0 $13,950,000 $32,750,000
$7,995,000 $29,900,000 $14,900,000 -12% $17,000,000 $14,900,000 $0 $13,950,000 $39,900,000
Avg Original Price $16,393,571 $50,000,000 $18,112,500 31% $13,800,000 $19,500,000 $13,950,000 $41,125,000
Avg Ask/Sold Discount 23.2% 0.23 18.9% 8.3% 0.0% 6.8% 42.6%
Avg Days on Market 365 1165 688 168% 257 738 0 540 573*4 SF Homes
current luxury property report
Highest Selling Price
Lowest Asking Price
2014
Lowest Selling Price
Dollar Volume
Highest Asking Price
36
$441,317,886
$1,585
$12,258,830
$7,500,000
$0
$0
$0
$0
0.0%
0
12.6%
356
20140
$0
$0
$0
$0
closed
$13,833,333
27.9%
$24,000,000
$12,359,346
$7,975,000
closed
9.0%
240
$33,745,000
$8,436,250
$1,498
4
2016
269
2
$17,400,000
$1,459
$0
Highest Selling Price
Dollar Volume
Number
$9,762,500
$8,250,000
$12,900,000Highest Asking Price
Lowest Selling Price
201626
$291,491,943
Lowest Asking Price
$11,211,229
$7,500,000
closed
$8,600,000
$8,800,000
$9,950,000
$9,950,000
$7,500,000
Number 3
Dollar Volume $29,160,000
Number
$1,749
Lowest Asking Price $9,900,000
Highest Asking Price $17,000,000
$3,723
$9,720,000
Lowest Selling Price $7,500,000
Highest Selling Price $13,410,000
$13,600,000
2016
409
13.0%
2014
$8,700,000
$26,000,000
$13,485,044
$9,950,000
$10,595,000
$24,500,000
$7,750,000
$29,900,000
8.9%
300
*
*
*
Copyright © 2018 11
GENERAL MARKET ACTIVITY BY COMMUNITY
August 31, 2018
ASPEN · SNOWMASS VILLAGE · BASALT
Copyright © 2018 12
excludes luxury properties
2017 due to distortion of averages
(reported separately)
Inventory 198 Avg Sales Price/SF $1,346 Sales Last 12 Mo 188
$2,711,322$2,300,000
all general aspen property inventory pending(under $7.5M) at 08/31/2018 at 08/31/2018 last 12 mo change prev 12 mo 2018 YTD 2017 YTD 2017 2015
198 41 188 -26% 255 109 176 255 265
$675,296,539 $129,176,000 $509,728,607 -22% $653,755,858 $290,527,207 $459,574,858 $678,776,258 $703,120,355$1,547 $1,452 $1,346 10% $1,225 $1,337 $1,272 $1,298 $1,176
est. $3,173,064 est. $2,931,214 $2,711,322 6% $2,563,748 $2,665,387 $2,611,221 $2,661,868 $2,653,284
$190,000 28% $149,000 $239,000 $149,000 $149,000 $100,000
$7,400,000 0% $7,400,000 $7,400,000 $7,400,000 $7,400,000 $7,400,000
$3,410,589 $3,150,634 $2,920,257 5% $2,773,316 $2,885,223 $2,828,319 $2,871,777 $2,857,180
$226,000 $465,000 $199,500 34% $149,000 $239,000 $149,000 $149,000 $110,000
$7,495,000 $7,395,000 $9,900,000 19% $8,295,000 $9,900,000 $8,295,000 $8,295,000 $9,800,000
6.7% -0.08 6.7% 7.0% 6.5% 6.4% 6.1%
255 406 272 -3% 281 282 267 264 282
current aspen general activity report
from Aug 2017:
-26%
255
current aspen general activity report
10%
$1,225
closed
-8%
$2,357,335
$100,000
Current Avg. Asking Price/SF:Average Sold Price:Median Sold Price:
from Aug 2017: from Aug 2017:
Avg Ask/Sold Discount
Avg Days on Market
Avg Sales Price
$407,818,950
Avg Asking Price
Lowest Asking Price
Dollar Volume
Lowest Selling Price
Avg Price/SF
216
Current Avg. Asking Price: $3,410,589 $1,547
Highest Asking Price
Highest Selling Price $7,300,000
$2,543,131
6.8%
277
$159,000
$7,650,000
Number 173
$1,210
7.3%
282
2014241
$621,131,020$1,109
$2,576,483
$107,000
$7,250,000
$2,792,291
$122,500
$7,995,000
2016
0
100
200
300
400
500
$0
$300
$600
$900
$1,200
$1,500
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 LAST12 MO
Aspen Sales
PRICES: Avg $/SF 4% Growth SUPPLY: Inventory DEMAND: # of Sales
Copyright © 2018 13
excludes luxury properties
2017 due to distortion of averagescurrent aspen general activity report
condominiums/townhomes inventory pending
at 08/31/2018 at 08/31/2018 last 12 mo ytd chg prev 12 mo 2018 YTD 2017 YTD 2017 201585 17 109 -25% 146 59 103 153 151
$176,623,540 $29,328,000 $193,182,750 -25% $258,089,358 $92,369,750 $184,871,358 $285,684,358 $234,876,915$1,644 $1,653 $1,383 7% $1,293 $1,383 $1,340 $1,354 $1,170
Avg Sales Price est. $1,959,711 est. $1,627,031 $1,772,319 0% $1,767,735 $1,565,589 $1,794,868 $1,867,218 $1,555,476
$190,000 28% $149,000 $239,000 $149,000 $149,000 $100,000
$6,500,000 -12% $7,400,000 $5,550,000 $7,400,000 $7,400,000 $7,250,000
$2,077,924 $1,725,176 $1,878,443 -1% $1,897,138 $1,670,343 $1,929,580 $1,993,116 $1,642,009
$226,000 $465,000 $199,500 34% $149,000 $239,000 $149,000 $149,000 $110,000
$7,295,000 $3,150,000 $6,500,000 -19% $8,000,000 $5,995,000 $8,000,000 $8,000,000 $7,495,000
5.2% 0.00 5.2% 5.7% 4.8% 4.8% 5.0%
210 470 195 -26% 263 197 243 226 256*excluding 12 luxury townhomes
single family homes inventory pending(excluding luxury) at 08/31/2018 at 08/31/2018 last 12 mo ytd chg prev 12 mo 2018 YTD 2017 YTD 2017 2015
89 17 66 -31% 95 42 63 87 91
$425,518,999 $75,874,000 $281,750,857 -22% $359,321,000 $175,832,457 $248,483,000 $354,401,400 $388,510,940
$1,454 $1,251 $1,285 15% $1,120 $1,272 $1,159 $1,200 $1,186
est. $4,440,446 est. $4,145,164 $4,268,952 13% $3,782,326 $4,186,487 $3,944,175 $4,073,579 $4,269,351
$1,095,000 14% $960,000 $1,095,000 $1,100,000 $1,100,000 $750,000
$7,400,000 1% $7,300,000 $7,400,000 $7,300,000 $7,300,000 $7,400,000
$4,781,112 $4,463,176 $4,603,227 12% $4,100,837 $4,529,500 $4,279,659 $4,404,511 $4,634,181
$270,000 $1,275,000 $1,095,000 0% $1,095,000 $1,095,000 $1,295,000 $1,295,000 $849,000
$7,495,000 $7,395,000 $9,900,000 19% $8,295,000 $9,900,000 $8,295,000 $8,295,000 $9,800,000
7.1% -0.99 8.1% 7.1% 8.1% 7.8% 7.1%
284 369 335 21% 276 297 272 308 259*excluding 26 luxury homes
single family lots inventory pending
at 08/31/2018 at 08/31/2018 last 12 mo ytd chg prev 12 mo 2018 YTD 2017 YTD 2017 201524 7 13 -7% 14 8 10 15 23
$73,154,000 $23,974,000 $34,795,000 -4% $36,345,500 $22,325,000 $26,220,500 $38,690,500 $79,732,500N/A
est. $2,574,873 est. $2,893,153 $2,676,538 3% $2,596,107 $2,790,625 $2,622,050 $2,579,367 $3,466,630
$370,000 42% $260,000 $1,537,500 $260,000 $260,000 $500,000
$4,950,000 -21% $6,250,000 $4,950,000 $6,250,000 $6,250,000 $6,400,000
$3,048,083 $3,424,857 $3,111,154 7% $2,902,429 $3,212,500 $2,941,900 $2,944,267 $3,804,304
$555,000 $495,000 $800,000 103% $395,000 $2,350,000 $395,000 $395,000 $595,000
$7,395,000 $6,900,000 $4,950,000 -24% $6,500,000 $4,950,000 $6,500,000 $6,500,000 $7,800,000
16.1% 3.20 12.9% 15.5% 13.9% 15.0% 9.1%
304 343 597 20% 499 839 486 394 549
current aspen general activity report
$6,425,000
$1,831,630
$122,500
$6,500,000
6.0%
Avg Price/SF
Highest Selling Price
Lowest Asking Price
Highest Asking Price
Avg Asking Price
47
$1,134
2016
Dollar Volume
261 254
90
$343,899,104
closed
Highest Selling Price
Avg Asking Price
$7,400,000
9.0%
272
closed
Lowest Asking Price
Highest Asking Price
Avg Ask/Sold Discount
Avg Days on Market
$4,069,323
$799,000
5.7%
114
Avg Price/SF
Lowest Selling Price
Number
Avg Sales Price
Lowest Selling Price $1,250,000
$3,126,458
Dollar Volume$1,242
$1,719,572
$100,000
$7,300,000
$1,820,118
$159,000
$7,650,000
12
Avg Ask/Sold Discount
Avg Days on Market
Dollar Volume $37,517,500
$3,707,877
$740,000
$7,200,000
Avg Sales Price
Lowest Selling Price
Highest Selling Price
Avg Asking Price
Lowest Asking Price
Highest Asking Price
$3,434,167
$1,425,000
$6,200,000
$7,350,000
$299,000
$7,500,000
16.4%Avg Ask/Sold Discount
Avg Days on Market 439
9.1%
$3,821,101
$549,400
$7,250,000
$4,131,443
$549,900
$7,995,000
7.1%
302
2016 201421
$53,464,590
130
$223,767,326$1,161
$1,721,287
$107,000
closed
$196,031,250
2016 2014
Number
2014Number
365
$2,545,933
$250,000
$7,000,000
$3,007,524
$174,270,200
$1,036
*
*
Copyright © 2018 14
excludes luxury properties except where noted
due to distortion of averageswith Viceroy without Viceroy 2017 (reported separately)
Inventory 187 Avg Sales Price/SF $667 Sales Last 12 Mo 176
Average Sold Price: $1,285,376Median Sold Price: $770,000
all snowmass vlg property inventory pending
(under $7.5M) at 08/31/2018 at 08/31/2018 last 12 mo change prev 12 mo 2018 YTD 2017 YTD 2017 2015187 33 176 30% 135 115 86 147 115
$381,086,200 $42,532,900 $226,226,102 13% $199,709,967 $133,605,377 $128,454,267 $221,074,992 $181,159,247$894 $804 $667 2% $655 $656 $645 $663 $671
est. $2,040,229 est. $1,397,996 $1,285,376 -13% $1,479,333 $1,161,786 $1,493,654 $1,503,912 $1,504,627
$57,500 -6% $61,114 $57,500 $61,114 $61,114 $76,500
$6,895,000 0% $6,900,000 $5,950,000 $6,900,000 $6,900,000 $7,297,500
$2,152,167 $1,474,698 $1,382,062 -13% $1,596,141 $1,247,917 $1,618,215 $1,625,163 $1,638,196
$74,500 $260,000 $68,500 16% $59,000 $68,500 $59,000 $59,000 $89,000
$7,495,000 $3,700,000 $6,995,000 -7% $7,500,000 $6,500,000 $7,500,000 $7,500,000 $8,500,000
5.6% -0.80 6.4% 5.2% 6.3% 6.3% 7.6%
321 304 272 -23% 355 218 373 373 323
CURRENT SKI
ACCESS $/SF
PREMIUM$142
current snowmass village general activity report
current snowmass village general activity report
$75,000
closed
2014142
$173,683,718$625
$1,301,118
$64,000
$7,250,000
$1,436,518
2016126
$204,761,675$685
-4%from Aug 2017:
195
2%from Aug 2017:
$655
Average Asking Price: $2,152,167 $894Current Avg. Asking Price/SF:
Avg Ask/Sold Discount 7.0%
Highest Selling Price
Avg Asking Price
Lowest Asking Price
Lowest Selling Price
Avg Days on Market
Number
Avg Price/SF
Dollar Volume
8.3%
308
30%from Aug 2017:
$8,250,000
135
354
Avg Sales Price $1,625,093
$78,000
$6,750,000
$1,759,512
$79,500
$6,998,000Highest Asking Price
0
60
120
180
240
300
$0
$300
$600
$900
$1,200
$1,500
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 LAST12 MO
Snowmass Village Sales
PRICES: Avg $/SF 4% Growth DEMAND: # of Sales SUPPLY: Inventory
Copyright © 2018 15
excludes luxury properties except where noted
due to distortion of averagescurrent snowmass village general activity report
single family homes inventory pendinggeneral non ski-accessible at 08/31/2018 at 08/31/2018 last 12 mo change prev 12 mo 2018 YTD 2017 YTD 2017 2015
27 7 37 54% 24 23 16 30 24
$91,539,000 $16,441,500 $88,136,177 55% $56,964,500 $58,574,677 $35,074,500 $64,636,000 $57,129,900$874 $804 $686 3% $668 $697 $636 $650 $648
est. $3,220,478 est. $2,231,112 $2,382,059 0% $2,373,521 $2,546,725 $2,192,156 $2,154,533 $2,380,413$844,500 -23% $1,095,000 $950,000 $1,095,000 $844,500 $795,000
$5,950,000 15% $5,185,000 $5,950,000 $4,845,000 $4,845,000 $6,375,000
$3,390,333 $2,348,786 $2,530,703 -2% $2,591,583 $2,696,500 $2,391,813 $2,329,517 $2,594,917$1,229,000 $1,050,000 $847,500 -23% $1,095,000 $1,025,000 $1,095,000 $847,500 $795,000$7,450,000 $3,700,000 $6,500,000 8% $5,995,000 $6,500,000 $5,295,000 $5,295,000 $6,950,000
5.7% -2.18 7.9% 5.0% 7.8% 7.3% 8.3%338 178 282 5% 269 282 228 253 270
general ski-accessible at 08/31/2018 at 08/31/2018 last 12 mo change prev 12 mo 2018 YTD 2017 YTD 2017 201522 2 9 -18% 11 3 7 13 11
$132,959,000 $6,100,000 $33,777,500 -35% $51,700,000 $11,470,000 $31,725,000 $54,032,500 $52,681,500$1,257 $981 $828 -14% $966 $790 $897 $874 $990
est. $4,796,310 est. $2,420,539 $3,753,056 -20% $4,700,000 $3,823,333 $4,532,143 $4,156,346 $4,789,227$1,575,000 -49% $3,100,000 $1,575,000 $3,200,000 $1,850,000 $2,089,000$6,895,000 0% $6,900,000 $5,495,000 $6,900,000 $6,900,000 $7,297,500
$6,043,591 $3,050,000 $4,245,556 -16% $5,057,727 $4,563,333 $5,000,000 $4,578,462 $5,382,273$3,315,000 $2,950,000 $1,945,000 -39% $3,185,000 $3,400,000 $3,495,000 $1,945,000 $2,295,000$7,495,000 $3,150,000 $6,995,000 -7% $7,500,000 $5,495,000 $7,500,000 $7,500,000 $8,500,000
13.0% 5.91 7.1% 20.6% 9.3% 9.3% 10.1%225 271 239 -52% 498 205 621 452 343
luxury ski-accessible (over $7.5M) at 08/31/2018 at 08/31/2018 last 12 mo change prev 12 mo 2018 YTD 2017 YTD 2017 201524 0 1 -50% 2 1 2 2 3
$234,100,000 $0 $9,550,000 -46% $17,750,000 $9,550,000 $17,750,000 $17,750,000 $28,150,000$1,647 $0 $1,516 -7% $1,624 $1,516 $1,624 $1,624 $1,734
est. $7,927,855 N/A $9,550,000 8% $8,875,000 $9,550,000 $8,875,000 $8,875,000 $9,383,333$9,550,000 25% $7,650,000 $9,550,000 $7,650,000 $7,650,000 $7,800,000$9,550,000 -5% $10,100,000 $9,550,000 $10,100,000 $10,100,000 $12,000,000
$9,754,167 $0 $11,750,000 21% $9,725,000 $11,750,000 $9,725,000 $9,725,000 $9,748,333$7,750,000 $0 $11,750,000 38% $8,500,000 $11,750,000 $8,500,000 $8,500,000 $8,250,000
$24,950,000 $0 $11,750,000 7% $10,950,000 $11,750,000 $10,950,000 $10,950,000 $12,000,000
18.7% 9.84 8.9% 18.7% 8.9% 8.9% 4.2%487 0 511 63% 313 511 313 313 229
all ski-accessible at 08/31/2018 at 08/31/2018 last 12 mo ytd chg prev 12 mo 2018 YTD 2017 YTD 2017 201546 2 10 -23% 13 4 9 15 14
$367,059,000 $6,100,000 $43,327,500 -38% $69,450,000 $21,020,000 $49,475,000 $71,782,500 $80,831,500$1,460 $981 $897 -16% $1,067 $972 $1,059 $974 $1,150
est. $6,370,915 est. $2,435,138 $4,332,750 -19% $5,342,308 $5,255,000 $5,497,222 $4,785,500 $5,773,679$1,575,000 -49% $3,100,000 $1,575,000 $3,200,000 $1,850,000 $2,089,000$9,550,000 -5% $10,100,000 $9,550,000 $10,100,000 $10,100,000 $12,000,000
$7,979,543 $3,050,000 $4,996,000 -14% $5,775,769 $6,360,000 $6,050,000 $5,264,667 $6,317,857$3,315,000 $2,950,000 $1,945,000 -39% $3,185,000 $3,400,000 $3,495,000 $1,945,000 $2,295,000
$24,950,000 $3,150,000 $11,750,000 7% $10,950,000 $11,750,000 $10,950,000 $10,950,000 $12,000,000
13.6% 6.20 7.4% 20.2% 9.2% 9.2% 8.8%362 271 266 -43% 470 282 553 434 318
current snowmass village general activity report
19
$102,096,500
201622
2014
$33,745,000
$68,351,500
431Avg Ask/Sold Discount 6.5%
Avg Days on Market
$6,750,000
$2,895,000
$5,185,000
2014
$2,797,500
Dollar Volume
201410
$46,910,000
Lowest Selling Price $7,500,000
Highest Selling Price $10,595,000
Dollar Volume
$5,995,000
$2,621,773Avg Asking Price
7.8%200
Highest Asking Price
15
Dollar Volume
Avg Days on Market 427
Highest Selling Price $10,595,000
Avg Asking Price $5,918,579
Lowest Asking Price $2,895,000
Highest Asking Price $12,900,000
2016
$52,656,500Avg Price/SF $672
Highest Selling Price
$1,262,500Lowest Selling PriceAvg Sales Price $2,393,477
Avg Ask/Sold Discount 8.7%
Avg Days on Market
2016
Highest Asking Price
4
Dollar VolumeAvg Price/SF $1,498
Avg Sales Price $8,436,250
$12,900,000
Avg Asking Price $9,762,500
Lowest Asking Price
Avg Ask/Sold Discount 13.0%
$957$4,691,000
$6,998,000
Avg Days on Market 409
2016
Avg Price/SF $1,107
Avg Sales Price $5,373,500
Lowest Selling Price $2,797,500
Avg Ask/Sold Discount 7.9%
$1,459
$1,869,346$785,000
$4,500,000
$2,058,765$849,900
$4,995,000
9.0%228
Lowest Asking Price $1,399,000
Highest Asking Price
Avg Asking Price $4,893,533
Lowest Asking Price
8
$29,510,000$832
$3,688,750Avg Price/SF $1,002
Avg Sales Price $4,556,767
Lowest Selling PriceHighest Selling Price
$8,800,000
$9,950,000$9,950,000
201426
$48,603,000$564
closed
$1,899,000
$4,028,750$1,995,000
2
$17,400,000
$8,700,000$8,600,000
$8,250,000
$1,899,000
$7,250,000
$8,800,000
$5,213,000$1,995,000$9,950,000
8.8%231
$9,950,000
12.6%356
264
$8,250,000
Number
Number
Number
Number
Copyright © 2018 16
excludes luxury properties except where noted
due to distortion of averagescurrent snowmass village general activity report
condominiums/townhomes inventory pendinggeneral non ski-accessible at 08/31/2018 at 08/31/2018 last 12 mo change prev 12 mo 2018 YTD 2017 YTD 2017 2015
29 11 39 34% 29 27 16 28 24
$40,606,900 $9,638,000 $27,741,575 5% $26,387,000 $20,797,500 $17,329,500 $24,273,575 $20,154,900$810 $616 $564 -6% $599 $590 $646 $586 $567
est. $1,336,912 est. $836,557 $711,322 -22% $909,897 $770,278 $1,083,094 $866,913 $839,788$360,000 -9% $397,000 $360,000 $397,000 $397,000 $375,000
$1,830,000 -44% $3,250,000 $1,830,000 $3,250,000 $3,250,000 $3,100,000
$1,400,238 $876,182 $758,949 -21% $966,431 $815,259 $1,148,906 $927,482 $881,158$475,000 $399,000 $376,500 -15% $445,000 $376,500 $445,000 $445,000 $415,000
$3,575,000 $1,899,000 $2,089,000 -40% $3,495,000 $2,089,000 $3,495,000 $3,495,000 $3,300,000
5.3% -0.16 5.5% 4.5% 5.2% 6.1% 4.9%155 302 268 -9% 293 186 313 372 296
general ski-accessible with Viceroy at 08/31/2018 at 08/31/2018 last 12 mo change prev 12 mo 2018 YTD 2017 YTD 2017 2015107 12 87 28% 68 60 44 71 50
$113,287,300 $8,853,400 $68,420,850 13% $60,283,467 $39,813,200 $39,950,267 $68,557,917 $43,972,947$797 $704 $689 10% $624 $664 $608 $660 $664
est. $1,006,588 est. $701,428 $786,447 -11% $886,522 $663,553 $907,961 $965,604 $879,459$57,500 -6% $61,114 $57,500 $61,114 $61,114 $76,500
$4,425,000 23% $3,590,000 $4,425,000 $3,590,000 $3,590,000 $3,500,000
$1,058,760 $737,783 $841,987 -11% $950,287 $713,232 $966,250 $1,027,803 $892,846$74,500 $260,000 $68,500 16% $59,000 $68,500 $59,000 $59,000 $89,000
$3,850,000 $2,099,000 $4,500,000 25% $3,590,000 $4,500,000 $3,590,000 $3,725,000 $3,795,000
5.0% -0.91 6.0% 4.9% 5.2% 5.3% 8.1%322 340 273 -29% 386 201 404 416 349
single family lots inventory pendinggeneral non ski-accessible at 08/31/2018 at 08/31/2018 last 12 mo change prev 12 mo 2018 YTD 2017 YTD 2017 2015
2 1 2 0% 2 2 2 2 5
$2,694,000 $1,500,000 $2,950,000 6% $2,775,000 $2,950,000 $2,775,000 $2,775,000 $5,720,000est. $1,325,274 est. $1,475,806 $1,475,000 6% $1,387,500 $1,475,000 $1,387,500 $1,387,500 $1,144,000
$1,350,000 2% $1,325,000 $1,350,000 $1,325,000 $1,325,000 $950,000
$1,600,000 10% $1,450,000 $1,600,000 $1,450,000 $1,450,000 $1,450,000
$1,347,000 $1,500,000 $1,497,500 -2% $1,525,000 $1,497,500 $1,525,000 $1,525,000 $1,195,000$1,345,000 $1,500,000 $1,395,000 -7% $1,500,000 $1,395,000 $1,500,000 $1,500,000 $950,000
$1,349,000 $1,500,000 $1,600,000 3% $1,550,000 $1,600,000 $1,550,000 $1,550,000 $1,450,000
1.6% -7.45 9.1% 1.6% 9.1% 9.1% 4.3%346 1352 462 29% 358 462 358 358 156
general ski-accessible at 08/31/2018 at 08/31/2018 last 12 mo change prev 12 mo 2018 YTD 2017 YTD 2017 20150 0 2 100% 1 0 1 3 1
$0 $0 $5,200,000 225% $1,600,000 $0 $1,600,000 $6,800,000 $1,500,000est. $ N/A $2,600,000 63% $1,600,000 $0 $1,600,000 $2,266,667 $1,500,000
$2,500,000 56% $1,600,000 $0 $1,600,000 $1,600,000 $1,500,000
$2,700,000 69% $1,600,000 $0 $1,600,000 $2,700,000 $1,500,000
$0 $0 $2,775,000 42% $1,950,000 $0 $1,950,000 $2,500,000 $1,595,000$0 $0 $2,600,000 33% $1,950,000 $0 $1,950,000 $1,950,000 $1,595,000
$0 $0 $2,950,000 51% $1,950,000 $0 $1,950,000 $2,950,000 $1,595,000
6.2% -11.79 17.9% 0.0% 17.9% 10.1% 6.0%0 0 86 -85% 569 0 569 247 265
current snowmass village general activity report
$1,200,000
2016
$6,100,000
closed
2016
$2,102,500
2
201635
$580
$1,895,000
28
$339,500
$927,696
5.3%
$3,595,000
Avg Asking Price
Avg Sales Price
$362,500
$872,757
$929,671Lowest Asking Price
Avg Days on Market
$1,150,000
Highest Selling Price
Avg Asking PriceLowest Asking Price
Highest Asking Price
Avg Ask/Sold Discount
Lowest Selling Price
Dollar Volume
Avg Days on Market 344
$900,094Lowest Selling Price
Avg Sales Price
Avg Ask/Sold Discount
$30,546,500Avg Price/SF
Highest Selling Price $3,200,000
closed
10.5%
Lowest Selling Price
$45,004,675Avg Price/SF $668
50
Highest Asking Price
Dollar Volume
Highest Selling Price $3,300,000
2Number
104
Avg Sales Price
Dollar Volume
$1,065,000
$78,000
$1,077,167$695,000
$1,051,250$1,037,500
$1,175,000
Dollar Volume
Avg Days on Market 385Avg Ask/Sold Discount 7.6%
$2,800,000
Highest Selling Price $3,300,000
Avg Asking Price $3,249,500
16.7%820
281
20146
$1,725,000
$1,225,250
Lowest Asking Price $79,500
Avg Sales Price $3,050,000
Lowest Selling Price
Lowest Asking Price $2,999,000
Highest Asking Price $3,500,000
Avg Ask/Sold Discount 6.2%
Avg Days on Market 440
9.0%
$17,175,000$2,862,500
$1,400,000
$4,000,000
$3,457,500$1,750,000
6.0%286
201462
$52,909,968
$75,000
$3,995,000
$5,250,000
321
201412
$12,926,000
$385,000
$23,634,750$549
$844,098$360,000
$1,795,000
$902,232
$657$853,387
$749,000
$2,495,000
2014
$64,000
$3,750,000
8.2%
Number
Number
2016Number
Avg Asking Price $984,580
$3,495,000Highest Asking Price
Copyright © 2018 17
excludes luxury properties
due to distortion of averages2017 (reported separately)
Inventory 127 Avg Sales Price/SF $431 Sales Last 12 Mo 185
$838,956$662,500
all basalt property listed pending(under $7.5M) at 08/31/2018 at 08/31/2018 last 12 mo change prev 12 mo 2018 YTD 2017 YTD 2017 2015
127 28 185 28% 145 109 85 161 147
$138,886,245 $39,865,671 $155,206,774 55% $100,193,424 $101,188,380 $54,175,128 $110,543,522 $98,513,792
$456 $608 $431 13% $381 $453 $368 $386 $321
est. $1,006,511 est. $1,369,051 $838,956 21% $690,989 $906,774 $637,354 $686,606 $670,162
$59,000 7% $55,000 $59,000 $55,000 $55,000 $168,000
$3,575,000 -11% $4,000,000 $3,575,000 $4,000,000 $4,000,000 $3,950,000
$1,046,742 $1,423,774 $875,299 20% $730,692 $941,051 $669,220 $721,984 $715,699
$69,000 $385,000 $79,000 36% $58,000 $79,000 $58,000 $58,000 $173,000
$6,500,000 $5,279,400 $3,600,000 -20% $4,495,000 $3,600,000 $4,495,000 $4,495,000 $5,395,000
3.9% -0.50 4.4% 3.8% 4.3% 4.1% 4.0%
222 225 230 3% 224 234 208 216 218
current basalt general activity report
$706,748
Avg Asking Price $748,405
2014113
$78,822,805
$304
$614,330
$56,000
$651,140
Lowest Selling Price $39,000
Highest Selling Price
Lowest Asking Price $39,000
Highest Asking Price $3,640,000
28%from Aug 2017:
145
Average Sold Price:Median Sold Price:
current basalt general activity report
closed
$3,640,000
-6%from Aug 2017:
135
13%from Aug 2017:
$381
2016148
Dollar Volume $104,598,685
Avg Price/SF $367
Avg Sales Price
Number
Avg Ask/Sold Discount 4.7%
$58,000
$3,495,000
4.4%
206Avg Days on Market 235
Current Avg. Asking Price: $1,046,742 $456Current Avg. Asking Price/SF:
$2,800,000
0
75
150
225
300
$0
$150
$300
$450
$600
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 LAST12 MO
Basalt Sales
PRICES: Avg $/SF 4% Growth DEMAND: # of Sales SUPPLY: Inventory
Copyright © 2018 18
excludes luxury properties
due to distortion of averagescurrent basalt general activity report
condominiums/townhomes listed pending
at 08/31/2018 at 08/31/2018 last 12 mo change prev 12 mo 2018 YTD 2017 YTD 2017 201550 13 88 16% 76 45 39 82 85
$31,467,350 $8,986,111 $49,410,705 22% $40,530,069 $26,746,830 $20,369,828 $43,033,703 $38,827,112
$420 $494 $427 8% $397 $454 $379 $389 $314
est. $620,203 est. $681,196 $561,485 5% $533,290 $594,374 $522,303 $524,801 $456,790
$271,000 26% $215,000 $314,000 $242,000 $242,000 $186,001
$1,450,000 -8% $1,580,938 $1,245,000 $1,100,000 $1,450,000 $888,266
$629,347 $691,239 $572,357 5% $544,275 $602,582 $535,530 $538,254 $467,649
$349,000 $385,000 $279,000 30% $215,000 $314,000 $242,000 $242,000 $175,000
$1,499,000 $2,022,111 $1,525,000 -10% $1,699,000 $1,245,000 $1,295,000 $1,525,000 $876,600
1.9% -0.03 1.9% 1.5% 2.1% 2.2% 2.6%
153 241 180 0% 180 177 146 165 192
single family homes listed pending
at 08/31/2018 at 08/31/2018 last 12 mo change prev 12 mo 2018 YTD 2017 YTD 2017 201555 14 66 25% 53 40 32 58 56
$85,776,900 $30,380,560 $77,693,819 39% $55,945,355 $46,889,300 $30,507,300 $61,311,819 $56,751,680
$489 $715 $435 21% $359 $451 $355 $380 $331
est. $1,478,087 est. $2,056,648 $1,177,179 12% $1,055,573 $1,172,233 $953,353 $1,057,100 $1,013,423
$350,000 96% $179,000 $350,000 $179,000 $179,000 $320,000
$3,575,000 -11% $4,000,000 $3,575,000 $4,000,000 $4,000,000 $3,950,000
$1,559,580 $2,170,040 $1,252,802 10% $1,141,462 $1,241,848 $1,012,656 $1,127,862 $1,105,348
$569,000 $720,000 $380,000 112% $179,000 $385,000 $179,000 $179,000 $334,000
$6,500,000 $5,279,400 $3,600,000 -20% $4,495,000 $3,600,000 $4,495,000 $4,495,000 $5,395,000
5.6% -0.56 6.1% 5.2% 4.3% 5.1% 5.5%
202 213 255 9% 234 243 210 238 224
single family lots listed pendingat 08/31/2018 at 08/31/2018 last 12 mo change prev 12 mo 2018 YTD 2017 YTD 2017 2015
23 1 31 94% 16 25 14 21 6
$21,641,995 $499,000 $28,102,250 656% $3,718,000 $27,552,250 $3,298,000 $6,198,000 $2,935,000
est. $886,552 est. $470,149 $906,524 290% $232,375 $1,102,090 $235,571 $295,143 $489,167
$59,000 7% $55,000 $59,000 $55,000 $55,000 $168,000
$2,100,000 133% $900,000 $2,350,000 $900,000 $900,000 $1,925,000
$940,956 $499,000 $931,548 265% $255,500 $1,125,380 $256,643 $318,405 $593,000
$69,000 $499,000 $79,000 36% $58,000 $79,000 $58,000 $58,000 $173,000
$5,950,000 $499,000 $2,100,000 133% $900,000 $2,350,000 $900,000 $900,000 $2,450,000
6.2% -4.50 10.7% 5.8% 10.0% 8.9% 10.7%
503 172 321 -21% 404 327 377 353 523
current basalt general activity report
Avg Asking Price
Lowest Asking Price $215,000
$1,800,000
$553,890
2.5%
149
201450
$25,153,615
$304
$457,338
$187,000
$1,750,000
$467,983
$184,900
Number
201455
Highest Asking Price
Dollar Volume $46,552,291
AVG Price per SQ FT
Lowest Selling Price $200,000
$371
$541,306Avg Sales Price
$1,750,000
201686
Highest Selling Price
Lowest Asking Price $389,000
Dollar Volume $55,954,394
AVG Price per SQ FT $359
$1,800,000
2.6%
206
Lowest Selling Price $385,000
Highest Selling Price $3,640,000
Avg Asking Price $1,191,441
Avg Sales Price $1,097,145
Avg Ask/Sold Discount
Avg Days on Market
201651Number
2016
$2,092,000
11
Avg Ask/Sold Discount 7.1%
Avg Days on Market 231
Dollar Volume
Highest Asking Price $3,640,000
Avg Days on Market 473
Highest Asking Price $349,000
Avg Ask/Sold Discount 10.9%
Highest Selling Price $344,000
Avg Asking Price $215,082
Lowest Asking Price $39,000
Avg Sales Price $190,182
Lowest Selling Price
Number
$39,000
closed
closed
closed
$42,676,900
$304
$853,538
$360,000
$2,800,000
$922,546
$394,500
$3,495,000
5.9%
239
201412
$10,992,290
354
$916,024
$56,000
$5,900,000
$1,044,708
$58,000
$6,750,000
8.8%
Copyright © 2018 19
SINGLE FAMILY HOME MARKET DISTRIBUTIONAugust 31, 2018
Copyright © 2018 20
single family home current market activity includes luxury properties
distribution of listings/sales (& % concentration)2018
active pending 2016 2015 2014 2013
ALL HOMES 380 56 139 concentration 257 concentration 180 239 224 171Aspen 197 25 54 39% 129 50% 68 127 122 90East Aspen 27 2 6 11% 23 18% 10 21 14 16Smuggler 7 3 6 11% 4 3% 6 4 5 2Central Core 13 3 5 9% 12 9% 6 12 15 5Red Mountain 25 3 2 4% 14 11% 8 18 15 14West End 31 3 14 26% 26 20% 17 29 22 15West Aspen 77 7 14 26% 32 25% 15 36 34 28McLain Flats 13 1 5 9% 12 9% 2 5 7 6Brush Creek Village 4 3 2 4% 6 5% 4 2 10 4
Snowmass Village 78 9 28 20% 46 18% 41 39 36 28Ski Accessible 46 2 4 14% 15 33% 19 14 10 8Non Ski Accessible 32 7 24 86% 31 67% 22 25 26 20
Basalt 55 14 40 29% 58 23% 51 56 50 39Basalt Proper 31 10 28 70% 46 79% 37 37 28 25El Jebel 2 1 0 0% 1 2% 1 2 3 5Frying Pan/Reudi 8 1 6 15% 5 9% 6 8 15 5Emma/Sopris Creek 14 2 6 15% 6 10% 7 9 4 4
active pending 2016 2015 2014 2013Aspen 198 25 54 concentration 129 concentration 68 127 123 90under $2.5M 6 3 7 13% 17 13% 10 12 24 20$2.5M-$5M 45 7 21 39% 43 33% 27 48 40 35$5M-$7.5M 38 7 14 26% 27 21% 10 31 26 19$7.5M-$10M 33 2 3 6% 16 12% 11 12 13 4$10M-$12.5M 17 2 2 4% 12 9% 7 11 10 5$12.5M-$15M 17 3 4 7% 3 2% 1 2 4 2over $15M 42 1 3 6% 11 9% 2 11 6 5
Snowmass Village 78 9 28 46 41 39 36 28under $2M 8 2 10 36% 16 35% 8 11 20 12$2M-$3M 7 5 8 29% 13 28% 12 11 7 9$3M-$4M 4 2 3 11% 5 11% 7 2 2 3$4M-$5M 8 0 3 11% 6 13% 4 3 3 1$5M-$6M 8 0 2 7% 1 2% 3 5 1 0$6M-$7M 8 0 0 0% 2 4% 3 1 0 0over $7M 35 0 2 7% 3 7% 4 6 3 3Basalt 55 14 40 58 51 56 50 39
under $0.5M 0 0 1 3% 4 7% 6 5 10 13$0.5M-$0.75M 4 1 11 28% 19 33% 13 20 23 13$0.75M-$1M 17 5 13 33% 18 31% 13 13 6 5$1M-$1.25M 6 1 4 10% 6 10% 4 6 1 4$1.25M-$1.5M 7 1 3 8% 2 3% 5 4 3 0$1.5M-$1.75M 5 0 1 3% 2 3% 3 2 2 0over $1.75M 16 6 7 18% 7 12% 7 6 5 4
single family home current market activity distribution of listings/sales (& % concentration)
closedlisted
single family homes by average price range (& % concentration)
2018 YTD
2018 YTD 2017
2017
Copyright © 2018 21
single family home current market activity includes luxury properties
distribution of listings/sales (& % concentration)2018
active pending 2016 2015 2014 2013Aspen 195 25 54 concentration 129 concentration 68 127 123 90
under $750 8 3 5 9% 18 14% 9 9 19 16
$750-$1000 19 2 14 26% 18 14% 14 31 32 29
$1000-$1250 35 1 7 13% 25 19% 15 26 32 14
$1250-$1500 24 8 7 13% 12 9% 9 21 14 15
$1500-$1750 28 4 6 11% 16 12% 8 16 10 7
$1750-$2000 17 4 5 9% 10 8% 5 7 6 3
over $2000 64 3 10 19% 30 23% 8 17 10 6
Snowmass Village 78 9 28 46 41 39 36 28
under $500 0 1 3 11% 4 9% 1 8 10 9
$500-$750 11 4 13 46% 24 52% 15 14 17 11
$750-$1000 10 3 8 29% 12 26% 13 6 5 5
$1000-$1250 16 1 3 11% 2 4% 8 4 1 0
$1250-$1500 15 0 0 0% 3 7% 2 5 2 2
$1500-$1750 16 0 1 4% 0 0% 0 0 1 1
over $1750 10 0 0 0% 1 2% 2 2 0 0
Basalt 55 14 40 58 51 56 50 39
under $200 0 1 0 0% 2 3% 4 3 10 10
$200-$300 12 1 11 28% 25 43% 22 23 20 20
$300-$400 11 5 16 40% 15 26% 14 20 11 3
$400-$500 9 1 3 8% 11 19% 6 5 5 1
$500-$600 8 0 4 10% 0 0% 2 3 1 0
$600-$700 9 0 3 8% 1 2% 1 0 1 3
over $700 6 6 3 8% 4 7% 2 2 2 2
single family home current market activitydistribution of listings/sales (& % concentration)
2018 YTD
single family homes by average price per square foot (& % concentration)
listed closed
2017
under $75013%
$750-$100018%
$1000-$125017%$1250-$1500
10%
$1500-$175012%
$1750-$20008%
over $200022%
Aspenlast yr + this YTD
$750-$100069%
$1000-$125017%
$1250-$150010%
$1500-$17504%
Snowmasslast yr + this YTD
under $2002%
$200-$30037%
$300-$40032%
$400-$50011%
$500-$6004%
$600-$7004%
over $7007%
Basaltlast yr + this YTD
Copyright © 2018 22
single family home comparative activity excludes luxury properties
by area, as of 08/31 due to distortion of averages2018 (reported separately)
EAST ASPEN active pending 2018 YTD change 2017 YTD last 12 mo prev 12 mo change 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 14 2 5 -62% 13 13 18 -28% 21 7 18 11 16 11 18
AVG Price per SQ FT $1,380 $1,639 $1,070 -18% $1,299 $1,418 $1,179 20% $1,427 $921 $1,065 $1,032 $919 $1,022 $995
AVG Sold Price $3,517,500 -11% $3,946,500 $4,181,923 $3,619,694 16% $4,194,381 $3,210,714 $4,074,897 $3,607,455 $3,216,790 $3,469,727 $4,079,000
AVG Asking Price $4,386,857 $4,850,000 $3,751,000 -11% $4,212,269 $4,434,538 $3,913,250 13% $4,459,690 $3,607,714 $4,357,778 $3,797,273 $3,579,938 $4,148,182 $4,501,661
AVG Ask/Sold Discount % 6.7% 0.1 6.6% 6.8% 7.9% -1.1 6.7% 11.0% 7.2% 4.2% 10.1% 15.5% 9.3%
AVG Days on Market 248 1138 344 38% 249 240 240 0% 221 233 289 247 303 240 287
SMUGGLER active pending 2018 YTD change 2017 YTD last 12 mo prev 12 mo change 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 4 3 4 0% 4 4 8 -50% 6 6 4 1 2 6 3
AVG Price per SQ FT $1,337 $1,414 $1,192 4% $1,151 $1,192 $1,118 7% $1,151 $1,091 $961 $852 $811 $703 $878
AVG Sold Price $4,073,750 -11% $4,566,250 $4,073,750 $4,318,750 -6% $4,566,250 $3,437,200 $4,612,500 $4,387,500 $3,505,000 $3,057,500 $4,257,667
AVG Asking Price $5,613,750 $5,365,000 $4,246,250 -16% $5,057,500 $4,246,250 $4,780,625 -11% $5,057,500 $3,735,367 $4,874,750 $4,650,000 $3,620,000 $3,560,667 $4,498,333
AVG Ask/Sold Discount % 3.5% -5.7 9.2% 3.5% 9.4% -5.9 9.2% 7.6% 6.5% 5.6% 3.0% 13.0% 5.0%
AVG Days on Market 250 89 243 -7% 262 243 245 -1% 262 212 273 170 47 687 373
CENTRAL CORE (includes luxury) active pending 2018 YTD change 2017 YTD last 12 mo prev 12 mo change 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 14 3 5 -44% 9 8 12 -33% 12 6 12 15 5 10 6
AVG Price per SQ FT $2,649 $1,628 $2,416 13% $2,134 $2,321 $2,029 14% $2,141 $1,733 $1,796 $1,438 $1,383 $1,149 $1,288
AVG Sold Price $10,019,200 26% $7,964,078 $10,912,000 $7,133,475 53% $9,073,058 $5,950,000 $7,057,708 $7,639,167 $3,380,000 $4,310,615 $5,262,500
AVG Asking Price $15,402,143 $8,613,333 $11,129,000 30% $8,531,111 $12,518,125 $7,631,250 64% $10,106,667 $6,549,167 $7,605,375 $7,999,533 $3,839,600 $4,733,200 $6,158,333
AVG Ask/Sold Discount % 9.5% 3.3 6.2% 9.7% 6.1% 3.6 7.2% 9.2% 6.2% 5.2% 11.7% 7.4% 13.4%
AVG Days on Market 114 258 375 43% 262 363 260 40% 283 165 252 222 309 422 347
RED MOUNTAIN (includes luxury) active pending 2018 YTD change 2017 YTD last 12 mo prev 12 mo change 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 25 3 2 -83% 12 4 15 -73% 14 8 18 15 14 13 7
AVG Price per SQ FT $2,443 $1,994 $3,046 33% $2,296 $2,610 $2,218 18% $2,279 $1,697 $1,606 $1,316 $1,301 $1,546 $1,080
AVG Sold Price $12,650,000 -6% $13,419,333 $10,287,500 $13,508,800 -24% $12,634,429 $10,128,182 $10,486,880 $8,935,685 $7,760,464 $11,025,000 $8,425,000
AVG Asking Price $18,251,200 $9,966,667 $13,525,000 -7% $14,486,250 $10,725,000 $14,552,267 -26% $13,548,929 $11,479,750 $13,018,056 $9,935,667 $8,822,786 $12,641,538 $9,809,286
AVG Ask/Sold Discount % 5.9% -0.3 6.2% 2.9% 6.6% -3.6 5.3% 12.8% 13.4% 11.1% 11.9% 11.7% 10.0%
AVG Days on Market 337 436 35 -90% 347 40 357 -89% 304 358 408 368 536 346 571
single family home comparative activityby area, as of 08/31
listed closed
Copyright © 2018 23
single family home comparative activity excludes luxury properties
by area, as of 08/31 due to distortion of averages2018 (reported separately)
listed closed
WEST END active pending 2018 YTD change 2017 YTD last 12 mo prev 12 mo change 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 14 2 11 10% 10 17 19 -11% 16 13 23 19 11 17 13
AVG Price per SQ FT $2,544 $1,574 $1,828 17% $1,564 $1,638 $1,416 16% $1,461 $1,352 $1,518 $1,368 $1,419 $1,253 $1,131
AVG Sold Price $4,715,064 18% $3,992,750 $4,492,395 $4,040,658 11% $4,027,031 $4,431,077 $4,462,391 $3,921,263 $4,764,545 $3,876,362 $4,436,538
AVG Asking Price $4,932,857 $6,947,500 $4,996,727 13% $4,422,500 $4,781,412 $4,353,632 10% $4,409,063 $4,749,154 $4,748,478 $4,088,947 $5,108,727 $4,383,824 $4,842,923
AVG Ask/Sold Discount % 6.0% -4.3 10.2% 6.0% 7.6% -1.6 8.7% 6.7% 6.5% 4.7% 6.3% 10.6% 8.6%
AVG Days on Market 267 49 283 -15% 331 317 365 -13% 350 361 227 222 197 325 251
WEST ASPEN active pending 2018 YTD change 2017 YTD last 12 mo prev 12 mo change 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 41 3 14 -22% 18 18 23 -22% 22 9 26 25 21 25 19
AVG Price per SQ FT $1,189 $1,220 $993 0% $995 $956 $988 -3% $964 $996 $949 $927 $947 $934 $806
AVG Sold Price $3,759,607 0% $3,759,607 $3,742,522 $4,036,652 -7% $4,115,859 $3,622,222 $4,151,261 $4,001,400 $3,326,905 $3,889,800 $3,693,289
AVG Asking Price $4,641,049 $4,150,000 $4,223,571 -7% $4,546,667 $4,194,444 $4,346,043 -3% $4,464,091 $3,883,778 $4,591,885 $4,449,400 $3,716,905 $4,366,720 $4,155,947
AVG Ask/Sold Discount % 8.5% 1.2 7.3% 8.9% 7.1% 1.8 7.8% 6.8% 7.2% 10.4% 11.1% 10.3% 11.8%
AVG Days on Market 350 237 245 -2% 250 278 260 7% 276 263 241 322 407 463 332
MCLAIN FL/STARWOOD (incl. lux.) active pending 2018 YTD change 2017 YTD last 12 mo prev 12 mo change 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 13 1 5 -38% 8 9 10 -10% 12 2 5 7 6 8 7
AVG Price per SQ FT $1,312 $551 $1,062 14% $934 $857 $870 -1% $823 $616 $1,253 $1,194 $1,180 $817 $824
AVG Sold Price $6,570,000 -22% $8,417,625 $5,522,778 $7,759,100 -29% $7,016,333 $5,125,000 $10,582,500 $10,064,286 $3,640,417 $10,965,625 $7,101,714
AVG Asking Price $12,483,077 $2,995,000 $7,007,000 -35% $10,705,000 $5,963,889 $9,693,500 -38% $8,690,000 $5,647,500 $12,387,000 $11,177,857 $4,156,500 $11,712,375 $8,242,000
AVG Ask/Sold Discount % 5.8% -8.8 14.5% 7.0% 13.9% -6.9 12.6% 11.4% 10.9% 8.8% 10.6% 7.7% 13.6%
AVG Days on Market 307 438 423 -6% 451 637 409 56% 603 239 199 264 819 450 475
SNOWMASS VILLAGE - Ski Access active pending 2018 YTD change 2017 YTD last 12 mo prev 12 mo change 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 22 2 3 -57% 7 9 11 -18% 13 15 11 8 6 8 9
AVG Price per SQ FT $1,257 $770 $790 -12% $897 $828 $966 -14% $874 $1,002 $756 $627 $586 $641 $728
AVG Sold Price $3,823,333 -13% $4,397,864 $3,753,056 $4,700,000 -20% $4,156,346 $4,556,767 $3,137,469 $2,297,441 $2,027,460 $2,565,687 $2,890,238
AVG Asking Price $6,043,591 $2,504,611 $4,563,333 -9% $5,000,000 $4,245,556 $5,057,727 -16% $4,578,462 $4,893,533 $3,470,943 $2,522,291 $2,281,196 $3,017,364 $3,276,476
AVG Ask/Sold Discount % 20.6% 11.3 9.3% 13.0% 7.1% 5.9 9.3% 6.5% 8.9% 8.7% 10.1% 12.1% 10.9%
AVG Days on Market 225 199 205 -67% 621 239 498 -52% 452 431 293 221 367 477 314
single family home comparative activityby area, as of 08/31
Copyright © 2018 24
single family home comparative activity excludes luxury properties
by area, as of 08/31 due to distortion of averages2018 (reported separately)
listed closed
SNOWMASS VILLAGE - Off-Mtn active pending 2018 YTD change 2017 YTD last 12 mo prev 12 mo change 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 27 7 23 44% 16 37 24 54% 30 22 24 26 19 14 12
AVG Price per SQ FT $874 $710 $697 10% $636 $686 $668 3% $650 $672 $648 $564 $572 $518 $580
AVG Sold Price $2,546,725 16% $2,197,607 $2,382,059 $2,373,521 0% $2,154,533 $2,393,477 $2,380,413 $1,869,346 $1,870,553 $1,706,329 $2,105,833
AVG Asking Price $3,390,333 $2,348,786 $2,696,500 13% $2,391,813 $2,530,703 $2,591,583 -2% $2,329,517 $2,621,773 $2,594,917 $2,058,765 $2,050,258 $1,894,500 $2,341,333
AVG Ask/Sold Discount % 5.0% -2.8 7.8% 5.7% 7.9% -2.2 7.3% 8.7% 8.3% 9.0% 8.2% 9.6% 9.9%
AVG Days on Market 338 178 282 24% 228 282 269 5% 253 264 270 228 339 515 327
WOODY CREEK active pending 2018 YTD change 2017 YTD last 12 mo prev 12 mo change 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 10 2 3 0% 3 7 5 40% 7 4 2 3 5 6 3
AVG Price per SQ FT $865 $985 $611 -8% $665 $953 $752 27% $976 $836 $847 $1,058 $596 $503 $725
AVG Sold Price $1,694,167 -30% $2,431,667 $2,218,929 $3,749,000 -41% $2,535,000 $4,687,500 $2,500,000 $2,824,667 $2,126,000 $2,112,333 $3,375,000
AVG Asking Price $3,927,400 $1,872,500 $1,889,667 -29% $2,665,000 $2,357,714 $4,129,000 -43% $2,690,000 $5,362,500 $2,805,000 $3,081,333 $2,403,800 $2,490,500 $4,046,667
AVG Ask/Sold Discount % 10.0% 3.4 6.6% 7.0% 7.8% -0.7 5.6% 14.0% 11.0% 8.0% 10.4% 13.4% 16.1%
AVG Days on Market 285 159 700 39% 503 673 468 44% 588 346 1022 323 225 391 489
OLD SNOWMASS active pending 2018 YTD change 2017 YTD last 12 mo prev 12 mo change 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 23 5 11 10% 10 17 15 13% 16 14 14 13 9 7 15
AVG Price per SQ FT $644 $408 $711 77% $402 $606 $410 48% $406 $388 $655 $450 $246 $667 $297
AVG Sold Price $2,336,455 110% $1,114,450 $1,966,737 $1,394,833 41% $1,179,877 $1,483,179 $2,040,226 $1,486,385 $560,655 $3,148,018 $1,218,000
AVG Asking Price $2,932,630 $1,164,980 $2,504,455 112% $1,183,350 $2,118,000 $1,474,233 44% $1,268,156 $1,592,786 $2,314,993 $1,612,962 $598,489 $3,970,700 $1,381,320
AVG Ask/Sold Discount % 5.4% -1.6 7.0% 5.9% 5.8% 0.0 6.9% 6.9% 9.5% 5.2% 6.3% 16.1% 12.1%
AVG Days on Market 401 312 327 -15% 386 277 464 -40% 311 364 475 382 441 613 550
BRUSH CREEK VLG active pending 2018 YTD change 2017 YTD last 12 mo prev 12 mo change 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 4 3 2 -67% 6 2 10 -80% 6 4 2 10 4 1 7
AVG Price per SQ FT $425 $525 $444 -12% $506 $444 $500 -11% $506 $491 $532 $423 $379 $321 $407
AVG Sold Price $1,787,375 0% $1,783,500 $1,787,375 $1,775,900 1% $1,783,500 $1,764,500 $1,637,500 $1,423,810 $1,138,000 $862,500 $1,294,786
AVG Asking Price $2,888,750 $1,549,667 $2,135,000 10% $1,942,333 $2,135,000 $1,976,400 8% $1,942,333 $2,027,500 $1,687,500 $1,489,690 $1,336,975 $975,000 $1,502,571
AVG Ask/Sold Discount % 15.2% 6.8 8.5% 15.2% 10.2% 5.0 8.5% 12.8% 3.3% 4.2% 14.4% 11.5% 13.6%
AVG Days on Market 62 309 292 74% 168 292 178 64% 168 194 366 449 492 246 511
single family home comparative activityby area, as of 08/31
Copyright © 2018 25
single family home comparative activity excludes luxury properties
by area, as of 08/31 due to distortion of averages2018 (reported separately)
listed closed
BASALT PROPER active pending 2018 YTD change 2017 YTD last 12 mo prev 12 mo change 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 31 10 28 4% 27 47 40 18% 46 37 37 28 25 40 43
AVG Price per SQ FT $460 $822 $488 40% $348 $473 $355 33% $391 $382 $321 $309 $328 $302 $274
AVG Sold Price $1,255,368 41% $888,641 $1,287,017 $1,006,987 28% $1,072,453 $1,126,392 $916,135 $832,482 $704,720 $816,148 $691,967
AVG Asking Price $1,325,871 $2,558,256 $1,314,214 39% $943,556 $1,355,766 $1,079,637 26% $1,139,109 $1,210,662 $962,662 $871,193 $763,896 $876,282 $764,826
AVG Ask/Sold Discount % 4.3% -0.7 5.0% 4.8% 5.8% -1.0 5.2% 5.8% 4.5% 3.9% 4.6% 5.7% 6.5%
AVG Days on Market 172 171 176 -18% 216 209 243 -14% 233 200 186 192 269 200 227
BASALT RURAL active pending 2018 YTD change 2017 YTD last 12 mo prev 12 mo change 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 27 3 13 160% 5 20 14 43% 12 16 17 20 9 15 12
AVG Price per SQ FT $509 $283 $355 -10% $394 $339 $358 -5% $345 $287 $350 $314 $322 $284 $371
AVG Sold Price $946,462 -27% $1,302,800 $888,700 $1,170,777 -24% $998,667 $983,477 $1,251,746 $893,125 $1,368,111 $659,252 $1,151,683
AVG Asking Price $1,838,583 $1,166,000 $1,038,531 -25% $1,385,800 $980,395 $1,293,643 -24% $1,086,333 $1,091,119 $1,446,000 $1,012,825 $1,609,333 $756,267 $1,292,192
AVG Ask/Sold Discount % 7.5% 6.7 0.8% 7.8% 7.3% 0.5 5.2% 9.0% 7.5% 9.5% 11.5% 8.1% 9.4%
AVG Days on Market 278 336 409 131% 177 387 250 55% 275 343 320 325 412 322 255
EL JEBEL active pending 2018 YTD change 2017 YTD last 12 mo prev 12 mo change 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 5 8 8 -62% 21 14 35 -60% 27 32 28 22 33 45 17
AVG Price per SQ FT $331 $379 $293 3% $284 $313 $283 11% $296 $269 $259 $237 $219 $195 $189
AVG Sold Price $634,214 15% $550,762 $607,408 $567,886 7% $555,407 $565,904 $532,468 $484,836 $505,574 $439,934 $424,849
AVG Asking Price $713,600 $761,500 $655,987 16% $566,095 $628,528 $580,343 8% $571,833 $576,884 $550,425 $501,109 $517,245 $461,802 $462,056
AVG Ask/Sold Discount % 3.4% 0.7 2.7% 3.3% 2.4% 0.9 2.8% 2.1% 2.9% 3.5% 1.2% 3.6% 4.9%
AVG Days on Market 94 155 278 142% 115 103 110 -6% 109 98 113 105 122 173 241
MISSOURI HEIGHTS active pending 2018 YTD change 2017 YTD last 12 mo prev 12 mo change 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 33 6 25 32% 19 48 28 71% 42 31 30 36 30 24 23
AVG Price per SQ FT $425 $302 $288 -6% $306 $287 $297 -3% $295 $312 $283 $278 $208 $210 $190
AVG Sold Price $830,491 -23% $1,078,719 $821,575 $1,057,260 -22% $932,595 $1,120,572 $884,367 $1,066,639 $613,028 $936,862 $571,235
AVG Asking Price $1,999,429 $1,160,458 $869,060 -22% $1,115,196 $860,746 $1,095,482 -21% $970,905 $1,235,917 $977,397 $1,175,683 $650,774 $1,036,233 $662,265
AVG Ask/Sold Discount % 3.5% -0.2 3.7% 3.8% 3.7% 0.1 4.0% 6.8% 5.8% 8.2% 4.5% 9.7% 11.1%
AVG Days on Market 218 226 278 11% 251 217 231 -6% 197 295 224 416 276 473 266
single family home comparative activityby area, as of 08/31
Copyright © 2018 26
CONDOMINIUM/TOWNHOME MARKET DISTRIBUTIONAugust 31, 2018
Copyright © 2018 27
condominium/townhome current market activity includes luxury properties
distribution of listings/sales (& % concentration)
2018
active pending 2017 2016 2015 2014 2013
ALL CONDOMINIUMS 296 66 202 concentration 345 288 330 278 290Aspen 102 23 68 34% 157 116 155 133 122
East Aspen 1 1 2 3% 10 3 6 3 4
Smuggler 11 0 7 10% 16 13 15 15 13
Central Core 71 17 47 69% 100 74 98 92 79
Red Mountain 0 0 0 0% 0 0 0 0 0
West End 9 5 4 6% 16 16 15 13 12
West Aspen 10 0 8 12% 15 10 21 10 14
Snowmass Village 144 30 87 43% 99 85 87 90 122
Ski Accessible 107 12 60 69% 71 50 63 46 35
Non Ski Accessible 29 11 27 31% 28 35 28 39 17
Basalt 50 13 45 22% 82 86 85 55 39
Basalt Proper 40 13 40 89% 75 78 71 45 23
El Jebel 10 0 5 11% 7 8 14 10 16
active pending 2017 2016 2015 2014 2013Aspen 102 23 68 concentration 157 116 155 133 122
Studios 7 3 9 13% 21 16 18 17 9
1 Bedrooms 19 2 10 15% 21 13 26 23 20
2 Bedrooms 26 8 19 28% 51 44 58 35 41
3 Bedrooms 32 8 22 32% 44 30 31 35 36
4 Bedrooms 16 1 4 6% 16 11 15 17 12
5+ Bedrooms 2 1 4 6% 4 2 7 6 4
Snowmass Village 136 23 87 99 85 87 90 122
Studios 10 2 22 25% 12 9 9 10 19
1 Bedrooms 24 6 20 23% 11 11 18 14 33
2 Bedrooms 52 10 25 29% 41 39 37 34 41
3 Bedrooms 32 5 14 16% 22 17 16 24 23
4 Bedrooms 15 0 5 6% 13 9 7 8 5
5+ Bedrooms 3 0 1 1% 0 0 0 0 1
Basalt 50 13 45 82 86 85 55 39
Studios 1 0 2 4% 1 3 1 1 1
1 Bedrooms 4 5 10 22% 10 12 12 9 7
2 Bedrooms 22 2 16 36% 41 34 25 16 16
3 Bedrooms 10 5 15 33% 24 30 39 27 11
4 Bedrooms 12 1 2 4% 5 7 7 2 3
. 5+ Bedrooms 1 0 0 0% 1 0 1 0 1
condominium/townhome current market activitydistribution of listings/sales (& % concentration)
listed closed
condominiums/townhomes by number of bedrooms (& % concentration)
2018 YTD
2018 YTD
$1250-$1500Copyright © 2018 28
condominium/townhome current market activity includes luxury properties
distribution of listings/sales (& % concentration)
active pending 2017 2016 2015 2014 2013Aspen 102 23 68 concentration 157 116 155 133 122
under $750 5 0 3 4% 11 15 20 17 36
$750-$1000 13 0 10 15% 25 19 37 30 31
$1000-$1250 10 0 11 16% 28 27 42 33 37
$1250-$1500 9 7 15 22% 37 26 23 27 8
$1500-$1750 8 2 12 18% 30 9 18 14 5
$1750-$2000 20 5 9 13% 9 4 6 5 1
over $2000 37 9 8 12% 17 12 9 7 4
Snowmass Village 143 30 87 99 85 87 90 122
under $500 11 2 16 18% 22 23 28 27 29
$500-$750 54 15 52 60% 54 38 38 44 59
$750-$1000 45 7 18 21% 19 19 13 13 28
$1000-$1250 20 2 1 1% 2 5 6 4 5
$1250-$1500 4 2 0 0% 1 0 2 2 1
$1500-$1750 7 2 0 0% 1 0 0 0 0
over $1750 2 0 0 0% 0 0 0 0 0
Basalt 50 13 45 82 86 85 55 39
under $200 0 0 0 0% 0 0 5 5 7
$200-$300 10 0 7 16% 20 24 41 30 22
$300-$400 14 3 12 27% 27 29 21 11 7
$400-$500 13 5 7 16% 17 22 17 8 3
$500-$600 10 2 12 27% 15 11 1 0 0
$600-$700 2 3 6 13% 3 0 0 0 0
over $700 1 0 1 2% 0 0 0 1 0
condominium/townhome current market activitydistribution of listings/sales (& % concentration)
condominiums/townhomes by average price per square foot (& % concentration)
listed closed2018 YTD
under $7506%
$750-$100016%
$1000-$125017%
$1250-$150023%
$1500-$175019%
$1750-$2000
8%
over $200011%
Aspenlast yr + this YTD
under $50020%
$500-$75057%
$750-$100020%
$1000-$12502%
$1250-$15000%
$1500-$17501%
Snowmasslast yr + this YTD
under $2000%
$200-$30022%
$300-$40031%$400-$500
12%
$500-$60021%
$600-$7007%
Basaltlast yr + this YTD
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condominium/townhome current market activity includes luxury properties
distribution of listings/sales (& % concentration)
active pending 2018 YTD 2017 2016 2015 2014 2013Aspen 103 23 68 concentration 157 116 155 132 122
under $1M 30 4 25 37% 57 44 64 56 58
$1M-$2M 23 7 18 26% 47 39 52 31 36
$2M-$3M 14 5 10 15% 22 15 15 18 12
$3M-$4M 8 1 1 1% 8 4 6 11 8
$4M-$5M 4 0 4 6% 10 3 9 9 2
$5M-$6M 2 0 1 1% 5 4 2 3 3
over $6M 22 6 9 13% 8 7 7 4 3
Snowmass Village 143 30 87 99 85 87 90 122
under $0.25M 8 0 16 18% 7 5 9 8 11
$0.25M-$0.5M 22 9 30 34% 31 26 22 29 46
$0.5M-$0.75M 26 8 14 16% 22 21 21 14 27
$0.75M-$1M 24 1 11 13% 13 8 13 8 13
$1M-$1.25M 12 1 6 7% 6 7 4 15 9
$1.25M-$1.5M 12 1 3 3% 2 3 3 4 6
over $1.5M 39 10 7 8% 18 15 15 12 10
Basalt 50 13 45 82 86 85 55 39
under $0.2M 0 0 0 0% 0 0 1 1 4
$0.2M-$0.3M 0 0 0 0% 3 6 11 8 14
$0.3M-$0.4M 4 1 10 22% 16 21 20 16 10
$0.4M-$0.5M 9 3 9 20% 29 27 21 13 5
$0.5M-$0.6M 20 5 12 27% 15 8 20 11 4
$0.6M-$0.7M 6 2 6 13% 7 10 7 1 0
over $0.7M 11 2 8 18% 12 14 5 5 2
condominium/townhome current market activitydistribution of listings/sales (& % concentration)
condominiums/townhomes by average price range (& % concentration)
listed closed
Copyright © 2018 30
condominium/townhome activity by neighborhood excludes luxury properties
by area, as of 08/31 due to distortion of averages2018 (reported separately)
EAST ASPEN active pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 1 1 2 -71% 7 5 10 3 6 3 4 4 0
Avg Price per Sq Ft $917 $1,370 $1,173 2% $1,144 $1,356 $1,244 $848 $956 $890 $800 $753 $0
Avg Sold Price $2,525,000 36% $1,860,536 $2,930,000 $2,262,375 $1,343,333 $1,390,333 $1,887,500 $1,893,453 $903,750 $0
Avg Asking Price $770,000 $3,150,000 $2,800,000 48% $1,887,714 $3,110,000 $2,316,400 $1,513,333 $1,476,333 $2,074,633 $2,060,750 $1,005,750 $0
Avg Ask/Sold Discount % 10.0% 7.1 2.8% 5.7% 2.8% 5.3% 5.9% 5.4% 7.9% 7.7% 0.0%
Avg Days on Market 87 17 158 -49% 308 207 288 191 229 317 372 431 0
SMUGGLER active pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011
Number of Listings or Sales 11 0 7 -22% 9 14 16 13 15 15 13 8 6
Avg Price per Sq Ft $923 $0 $1,049 4% $1,006 $1,031 $1,009 $935 $951 $746 $739 $658 $826
Avg Sold Price $1,727,857 71% $1,013,339 $1,367,643 $1,010,753 $892,462 $1,080,687 $937,633 $694,735 $621,639 $1,295,000
Avg Asking Price $1,036,364 $0 $1,840,952 75% $1,051,111 $1,453,476 $1,057,625 $928,723 $1,154,133 $1,000,733 $747,000 $670,375 $1,444,000
Avg Ask/Sold Discount % 5.8% 1.7 4.1% 5.4% 4.5% 3.7% 5.3% 5.3% 7.6% 8.7% 10.1%
Avg Days on Market 162 0 183 55% 118 159 125 184 176 220 299 366 274
CENTRAL CORE CONDOMINIUMS active pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011
Number of Listings or Sales 53 12 37 -43% 65 69 94 72 94 89 76 83 74
Avg Price per Sq Ft $1,991 $1,716 $1,587 3% $1,537 $1,592 $1,537 $1,401 $1,352 $1,301 $1,105 $1,022 $1,138
Avg Sold Price $1,412,791 -27% $1,937,659 $1,748,757 $1,973,259 $1,832,677 $1,543,298 $1,770,150 $1,464,609 $1,514,924 $1,978,912
Avg Asking Price $2,562,226 $1,483,583 $1,500,811 -29% $2,107,923 $1,846,601 $2,125,324 $1,945,597 $1,621,314 $1,876,972 $1,591,320 $1,667,245 $2,239,726
Avg Ask/Sold Discount % 5.7% 0.2 5.5% 5.4% 5.4% 5.8% 4.7% 5.7% 7.9% 8.1% 11.0%
Avg Days on Market 236 621 203 -26% 273 210 257 240 240 240 285 292 334
WEST END active pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 8 4 4 -64% 11 9 16 16 15 13 12 9 7
Avg Price per Sq Ft $1,390 $1,534 $1,098 -17% $1,327 $1,089 $1,251 $1,177 $954 $1,112 $729 $817 $763
Avg Sold Price $1,415,000 -24% $1,859,268 $1,386,111 $1,704,184 $1,757,969 $1,122,708 $1,266,923 $1,156,333 $965,833 $1,010,655
Avg Asking Price $1,172,113 $2,093,750 $1,494,750 -24% $1,967,091 $1,443,556 $1,790,688 $1,836,250 $1,184,060 $1,329,615 $1,229,667 $1,024,556 $1,040,200
Avg Ask/Sold Discount % 5.9% 1.2 4.7% 3.9% 4.0% 7.5% 5.3% 5.8% 5.0% 5.2% 3.4%
Avg Days on Market 206 129 150 -5% 158 133 146 127 182 243 249 267 286
WEST ASPEN active pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 10 0 8 -27% 11 12 15 10 21 10 14 6 6
Avg Price per Sq Ft $960 $0 $875 49% $588 $825 $624 $715 $730 $681 $584 $494 $641
Avg Sold Price $1,952,063 32% $1,484,345 $2,187,208 $1,797,187 $2,031,900 $2,305,429 $3,002,700 $1,804,000 $1,499,167 $2,314,583
Avg Asking Price $1,699,364 $0 $2,082,450 32% $1,583,609 $2,370,342 $1,946,947 $2,141,700 $2,457,567 $3,254,150 $1,917,571 $1,660,500 $2,654,500
Avg Ask/Sold Discount % 3.4% 0.7 2.8% 4.5% 3.8% 5.2% 5.7% 10.0% 7.4% 9.1% 9.0%
Avg Days on Market 167 0 223 7% 208 189 185 752 444 428 318 110 434
condominium/townhome activity by neighborhoodby area, as of 08/31
listed closed
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condominium/townhome activity by neighborhood excludes luxury properties
by area, as of 08/31 due to distortion of averages2018 (reported separately)
listed closed
SNOWMASS VILLAGE - Ski Access active pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 107 12 60 36% 44 87 71 50 63 46 35 37 38Avg Price per Sq Ft $760 $666 $664 9% $608 $689 $660 $668 $664 $594 $600 $621 $695
Avg Sold Price $663,553 -27% $907,961 $786,447 $965,604 $900,094 $879,459 $842,715 $764,023 $837,729 $961,532
Avg Asking Price $1,059,670 $1,057,680 $713,232 -26% $966,250 $841,987 $1,027,803 $984,580 $944,259 $925,895 $839,346 $929,792 $1,101,239
Avg Ask/Sold Discount % 4.9% -0.3 5.2% 5.0% 5.3% 7.6% 8.1% 9.2% 8.9% 9.7% 11.9%
Avg Days on Market 338 634 201 -50% 404 273 416 385 365 381 328 298 228
SNOWMASS VILLAGE - Off-Mtn active pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 29 11 27 69% 16 39 28 35 28 39 17 17 12
Avg Price per Sq Ft $810 $616 $590 -9% $646 $564 $586 $580 $549 $523 $436 $467 $570
Avg Sold Price $770,278 -29% $1,083,094 $711,322 $866,913 $872,757 $844,098 $828,940 $483,265 $780,007 $793,167
Avg Asking Price $1,400,238 $876,182 $815,259 -29% $1,148,906 $758,949 $927,482 $929,671 $902,232 $926,179 $535,156 $877,829 $961,500
Avg Ask/Sold Discount % 4.5% -0.7 5.2% 5.3% 6.1% 5.3% 6.0% 7.4% 8.2% 10.3% 12.0%
Avg Days on Market 155 302 186 -41% 313 268 372 344 296 286 276 433 353
BASALT PROPER active pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011
Number of Listings or Sales 40 13 40 11% 36 79 75 78 71 45 23 40 31Avg Price per Sq Ft $440 $494 $473 22% $386 $442 $399 $379 $327 $313 $286 $242 $247
Avg Sold Price $584,096 14% $511,537 $547,450 $510,668 $525,731 $437,165 $466,339 $377,382 $363,665 $368,106
Avg Asking Price $582,134 $691,239 $592,630 13% $525,241 $558,283 $524,105 $538,893 $449,292 $476,236 $383,926 $386,260 $411,284
Avg Ask/Sold Discount % 1.5% -0.7 2.2% 1.9% 2.2% 2.7% 2.9% 2.4% 2.0% 5.1% 8.2%
Avg Days on Market 143 241 168 40% 120 177 155 194 178 149 150 201 236
EL JEBEL active pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011
Number of Listings or Sales 10 0 5 67% 3 9 7 12 14 10 16 24 17Avg Price per Sq Ft $339 $0 $302 4% $292 $295 $289 $292 $250 $262 $218 $194 $198
Avg Sold Price $676,600 4% $651,500 $684,681 $676,232 $687,871 $556,314 $416,838 $359,000 $255,663 $302,671
Avg Asking Price $818,200 $0 $682,200 4% $659,000 $695,889 $689,857 $694,575 $560,750 $430,845 $382,519 $261,154 $329,433
Avg Ask/Sold Discount % 0.9% -0.3 1.2% 1.5% 1.9% 1.0% 0.8% 3.1% 5.9% 1.5% 7.6%
Avg Days on Market 192 0 253 -45% 459 200 274 282 263 147 281 163 224
condominium/townhome activity by neighborhoodby area, as of 08/31
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SINGLE FAMILY LOT MARKET DISTRIBUTIONAugust 31, 2018
Copyright © 2018 33
single family lot current market activity includes luxury properties
distribution of listings/sales (& % concentration)2018
active pending 2018 YTD 2017 2016 2015 2014 2013
ALL LOTS (incl. rural) 75 11 47 49 35 43 51 41Aspen 32 7 10 16 15 25 21 18
East Aspen 3 1 1 1 1 3 6 4
Smuggler 1 1 1 2 1 2 0 1
Central Core 1 2 0 0 0 2 1 1
Red Mountain 3 0 1 1 4 0 1 1
West End 2 0 2 3 1 5 2 3
West Aspen 14 0 4 5 6 8 9 6
McLain Flats 4 1 1 4 0 4 1 2
Brush Creek Village 4 2 0 0 2 1 1 0
Snowmass Village 8 1 3 6 4 6 18 8
Basalt 22 1 24 21 11 6 8 11
Basalt Proper 11 1 19 7 5 3 5 6
El Jebel 0 0 1 4 2 1 0 0
Frying Pan/Reudi 7 0 4 7 3 2 3 3
Emma/Sopris Creek 4 0 0 3 1 0 0 2
active pending 2018 YTD 2017 2016 2015 2014 2013Aspen 28 5 10 16 15 25 21 18under $1M 0 0 0 2 0 2 3 1$1M-$2M 3 0 2 3 5 4 6 4$2M-$3M 6 2 4 4 0 3 6 7$3M-$4M 8 0 1 4 2 7 3 5$4M-$5M 1 1 1 1 4 2 1 0$5M-$6M 0 0 0 0 0 3 1 1over $6M 10 2 2 2 4 4 1 0
Snowmass Village 8 1 3 6 4 6 18 8under $1M 0 0 0 0 0 2 6 3$1M-$1.5M 2 0 1 2 2 3 6 3$1.5M-$2M 0 1 1 1 0 1 2 2$2M-$2.5M 1 0 0 0 0 0 0 0$2.5M-$3M 1 0 0 2 1 0 0 0$3M-$3.5M 0 0 0 0 1 0 1 0over $3.5M 4 0 1 1 0 0 3 0
Basalt 22 1 24 21 11 6 8 11under $0.1M 2 0 3 4 2 0 2 1$0.1M-$0.2M 1 0 1 4 4 3 2 6$0.2M-$0.3M 5 0 6 7 4 2 1 2$0.3M-$0.4M 3 0 1 2 1 0 3 0$0.4M-$0.5M 2 1 1 1 0 0 0 1$0.5M-$0.6M 0 0 0 0 0 0 0 0over $0.6M 9 0 12 3 0 1 0 1
single family lot current market activitydistribution of listings/sales (& % concentration)
listed closed
single family lots by average price range
Copyright © 2018 34
single family lot comparative activity excludes luxury properties
by area, as of 08/31 due to distortion of averages2018 (reported separately)
EAST ASPEN active pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 3 1 1 0% 1 1 1 1 3 6 4 6 2
AVG Sold Price $2,250,000 38% $1,635,000 $2,250,000 $1,635,000 $3,000,000 $3,183,333 $2,087,500 $2,263,875 $2,864,833 $2,500,000
AVG Asking Price $3,093,333 $2,585,000 $2,600,000 45% $1,795,000 $2,600,000 $1,795,000 $3,295,000 $3,633,333 $2,699,833 $2,573,750 $3,309,917 $2,847,500
AVG Ask/Sold Discount % 13.5% 0.5 8.9% 13.5% 8.9% 9.0% 11.4% 21.2% 14.3% 19.0% 12.5%
AVG Days on Market 82 31 38 -70% 125 38 125 465 1581 197 375 487 505
SMUGGLER Listed Pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 1 1 1 0% 1 2 2 1 1 0 1 2 0
AVG Sold Price $4,950,000 184% $1,745,000 $4,275,000 $2,672,500 $1,900,000 $2,070,000 $0 $1,100,000 $2,570,000 $0
AVG Asking Price $4,990,000 $2,599,000 $4,950,000 175% $1,799,000 $4,600,000 $3,024,500 $1,900,000 $2,070,000 $0 $1,300,000 $3,550,000 $0
AVG Ask/Sold Discount % 0.0% -1.0 3.0% 7.6% 9.1% 0.0% 0.0% 0.0% 15.4% 38.4% 0.0%
AVG Days on Market 38 24 793 85% 429 473 291 303 0 0 401 396 0
CENTRAL CORE Listed Pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 1 2 0 0 0 0 0 1 1 1 1 0
AVG Sold Price $0 $0 $0 $0 $0 $4,400,000 $1,600,000 $2,950,000 $2,400,000 $0
AVG Asking Price $2,999,000 $5,575,000 $0 $0 $0 $0 $0 $4,950,000 $1,725,000 $2,950,000 $2,695,000 $0
AVG Ask/Sold Discount % 0.0% 0.0% 0.0% 0.0% 0.0% 11.1% 7.2% 0.0% 10.9% 0.0%
AVG Days on Market 497 738 0 0 0 0 0 428 430 286 2677 0
RED MOUNTAIN Listed Pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 0 0 0 0 0 0 1 0 1 1 3 0
AVG Sold Price $0 $0 $0 $0 $6,200,000 $0 $7,000,000 $5,250,000 $6,055,555 $0
AVG Asking Price $0 $0 $0 $0 $0 $0 $7,350,000 $0 $7,500,000 $5,995,000 $6,966,667 $0
AVG Ask/Sold Discount % 0.0% 0.0% 0.0% 0.0% 15.6% 0.0% 6.7% 12.4% 12.5% 0.0%
AVG Days on Market 0 0 0 0 0 0 775 0 477 490 292 0
WEST END Listed Pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 2 0 2 -33% 3 2 3 1 5 2 3 2 2
AVG Sold Price $1,537,500 -65% $4,366,667 $1,537,500 $4,366,667 $1,750,000 $3,862,500 $3,687,500 $2,493,333 $3,000,000 $1,801,750
AVG Asking Price $4,845,000 $0 $2,350,000 $0 $4,598,333 $2,350,000 $4,598,333 $1,995,000 $3,927,800 $3,697,500 $2,681,833 $3,375,000 $2,384,000
AVG Ask/Sold Discount % 34.6% 5.6 5.3% 34.6% 5.3% 12.3% 2.0% 0.3% 7.5% 13.6% 24.8%
AVG Days on Market 32 0 1132 165% 427 1132 427 460 399 131 583 425 278
WEST ASPEN Listed Pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 10 0 4 100% 2 7 5 6 8 9 6 6 3
AVG Sold Price $3,012,500 118% $1,380,000 $2,631,429 $1,826,000 $3,594,583 $4,337,500 $2,627,177 $2,525,000 $2,446,667 $2,532,333
AVG Asking Price $3,271,500 $0 $3,362,500 $1 $1,695,000 $2,906,429 $2,057,000 $3,837,500 $4,730,625 $3,171,111 $3,030,833 $2,910,000 $2,946,667
AVG Ask/Sold Discount % 10.4% -0.6 25.4% 11.6% 18.0% 7.1% 7.1% 17.6% 16.7% 13.6% 13.9%
AVG Days on Market 557 0 904 85% 488 562 259 399 240 539 617 270 814
MCLAIN FLATS Listed Pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 3 1 0 -100% 3 1 4 0 4 1 2 4 3
AVG Sold Price $0 -100% $2,326,833 $2,500,000 $2,370,125 $0 $2,300,000 $1,070,000 $2,575,000 $3,631,250 $1,435,000
AVG Asking Price $3,211,667 $6,500,000 $0 -$1 $2,880,000 $3,600,000 $3,060,000 $0 $2,875,000 $1,500,000 $2,947,500 $4,617,500 $1,895,000
AVG Ask/Sold Discount % 0.0% -1.0 20.2% 30.6% 22.8% 0.0% 20.6% 28.7% 11.9% 16.8% 23.3%
AVG Days on Market 90 116 0 -100% 682 577 656 0 855 0 327 817 302
listed closed
Copyright © 2018 35
single family lot comparative activity excludes luxury properties
by area, as of 08/31 due to distortion of averages2018 (reported separately)
listed closed
SNOWMASS VILLAGE - Ski Access Listed Pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 5 0 0 -100% 12 2 3 2 1 6 2 2 0
AVG Sold Price $0 -100% $1,600,000 $2,600,000 $2,266,667 $3,050,000 $1,500,000 $2,862,500 $1,712,500 $3,925,000 $0
AVG Asking Price $3,908,000 $0 $0 -$1 $1,950,000 $2,775,000 $2,500,000 $3,249,500 $1,595,000 $3,457,500 $1,947,500 $4,247,500 $0
AVG Ask/Sold Discount % 0.0% -1.0 2000.0% 6.2% 10.1% 6.2% 6.0% 16.7% 11.5% 7.1% 0.0%
AVG Days on Market 1700 0 0 -100% 569 86 247 440 265 820 1687 211 0
SNOWMASS VILLAGE - Off-Mtn Listed Pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011
Number of Listings or Sales 2 1 2 0% 2 2 2 2 5 12 6 1 5
AVG Sold Price $1,475,000 6% $1,387,500 $1,475,000 $1,387,500 $1,051,250 $1,144,000 $1,077,167 $1,001,667 $650,000 $1,035,000
AVG Asking Price $1,347,000 $1,500,000 $1,497,500 $0 $1,525,000 $1,497,500 $1,525,000 $1,175,000 $1,195,000 $1,225,250 $1,272,167 $725,000 $1,143,800
AVG Ask/Sold Discount % 1.6% -0.8 9.1% 1.6% 9.1% 10.5% 4.3% 9.0% 20.3% 10.3% 7.8%
AVG Days on Market 346 1352 462 29% 358 462 358 104 156 281 547 37 316
WOODY CREEK Listed Pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011
Number of Listings or Sales 2 2 4 100% 2 4 2 3 3 0 1 3 3
AVG Sold Price $2,096,250 16% $1,800,000 $2,096,250 $1,800,000 $1,246,667 $758,021 $0 $2,350,000 $1,418,333 $1,188,333
AVG Asking Price $3,225,000 $1,650,000 $2,573,750 $0 $1,947,500 $2,573,750 $1,947,500 $1,381,667 $831,667 $0 $2,580,000 $1,948,333 $1,405,000
AVG Ask/Sold Discount % 17.0% 1.3 7.5% 17.0% 7.5% 9.9% 8.6% 0.0% 8.9% 25.3% 34.3%
AVG Days on Market 507 288 428 -28% 594 428 594 276 827 0 149 1088 936
OLD SNOWMASS Listed Pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 11 0 6 50% 4 6 4 2 3 4 3 3 1
AVG Sold Price $405,167 -26% $550,000 $405,167 $550,000 $537,500 $1,131,667 $681,250 $325,000 $1,045,000 $220,000
AVG Asking Price $739,773 $0 $441,333 $0 $636,250 $441,333 $636,250 $625,000 $1,304,667 $756,250 $409,633 $1,238,000 $248,000
AVG Ask/Sold Discount % 7.0% -0.5 13.3% 7.0% 13.3% 13.2% 9.5% 10.0% 27.8% 12.8% 11.3%
AVG Days on Market 458 0 540 -40% 899 540 899 182 513 382 553 309 507
BRUSH CREEK VLG Listed Pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 34 1 0 0 0 0 2 1 1 0 1 1
AVG Sold Price $0 $0 $0 $0 $1,550,000 $500,000 $250,000 $0 $1,000,000 $325,000
AVG Asking Price $364,447 $250,000 $0 $0 $0 $0 $1,822,500 $595,000 $299,000 $0 $1,825,000 $379,000
AVG Ask/Sold Discount % 0.0% 0.0% 0.0% 0.0% 14.7% 16.0% 16.4% 0.0% 45.2% 14.2%
AVG Days on Market 654 102 0 0 0 0 438 127 470 0 239 330
single family lot comparative activityby area, as of 08/31
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single family lot comparative activity excludes luxury properties
by area, as of 08/31 due to distortion of averages2018 (reported separately)
listed closedBASALT PROPER Listed Pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 11 1 19 217% 6 20 7 5 3 5 6 6 2
AVG Sold Price $1,129,118 230% $342,500 $1,086,413 $332,857 $212,300 $220,000 $263,150 $169,050 $197,244 $175,000
AVG Asking Price $754,000 $499,000 $1,155,342 $2 $369,167 $1,112,025 $357,714 $232,600 $245,000 $285,000 $187,500 $239,167 $204,500
AVG Ask/Sold Discount % 4.9% -0.5 9.2% 4.9% 8.6% 8.1% 10.2% 8.3% 9.5% 16.9% 18.6%
AVG Days on Market 317 172 326 -2% 334 354 413 438 434 483 188 351 595
FRYING PAN/RUEDI Listed Pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 9 0 4 -33% 6 6 8 4 2 3 3 3 3
AVG Sold Price $574,750 432% $108,000 $556,500 $211,000 $133,000 $1,046,500 $91,000 $127,000 $231,667 $88,333
AVG Asking Price $697,556 $0 $584,500 $4 $121,417 $568,750 $225,375 $136,725 $1,311,500 $95,833 $151,833 $267,333 $101,000
AVG Ask/Sold Discount % 12.3% 0.0 12.7% 9.2% 10.3% 4.5% 12.2% 6.0% 15.0% 12.0% 17.6%
AVG Days on Market 419 0 300 -25% 401 267 352 181 549 221 397 347 241
EMMA/SOPRIS CREEK Listed Pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 4 0 0 0 3 3 1 0 0 2 1 3
AVG Sold Price N/A N/A $0 $0 $440,000 $440,000 $185,000 $0 $0 $590,000 $3,000,000 $535,000
AVG Asking Price $495,000 $0 $0 $0 $488,333 $488,333 $245,000 $0 $0 $722,500 $3,500,000 $623,000
AVG Ask/Sold Discount % N/A 0.0% 0.0% 0.0% 11.9% 11.9% 24.5% 0.0% 0.0% 16.9% 14.3% 11.9%
AVG Days on Market 760 0 0 0 253 253 1319 0 0 195 139 296
EL JEBEL Listed Pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 1 0 2 -33% 3 3 4 2 3 3 2 1 3
AVG Sold Price $802,500 241% $235,000 $623,333 $242,500 $206,250 $139,000 $153,333 $147,500 $2,900,000 $102,667
AVG Asking Price $250,000 $0 $845,000 $2 $266,500 $651,667 $266,125 $255,000 $159,333 $164,333 $169,000 $3,850,000 $194,000
AVG Ask/Sold Discount % 11.8% 0.0 11.9% 7.8% 8.9% 18.5% 12.5% 6.1% 13.1% 24.7% 31.2%
AVG Days on Market 479 0 260 -49% 511 205 408 561 453 360 227 560 265
MISSOURI HEIGHTS Listed Pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 34 1 14 -22% 18 22 26 19 29 14 15 3 3
AVG Sold Price $620,108 170% $229,417 $493,000 $242,077 $176,987 $209,759 $457,966 $190,933 $141,667 $261,667
AVG Asking Price $364,447 $250,000 $684,500 $2 $263,656 $555,932 $284,358 $204,500 $233,843 $569,786 $204,027 $170,833 $356,333
AVG Ask/Sold Discount % 9.7% -0.2 12.3% 10.2% 11.9% 11.5% 8.5% 14.1% 5.3% 18.9% 13.6%
AVG Days on Market 654 102 536 -26% 723 485 623 916 507 567 160 341 383
single family lot comparative activityby area, as of 08/31
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resort market index
index suggests continued price growth
resort market index
August 31, 2018Our Resort Market Index measures the "strength" of the Aspen/Snowmass real estate market by tracking a variety of real estate trends. Different than a stock index, our Index (blue line) can be an excellent predictor of the future direction of pricing for our local real estate market. Because it is a composite of metrics, we have highs and lows during each quarter before the "close," which is represented by the blue line. The gold line is the average price per square foot of property sold in the resort market each quarter, and illustrates how prices trail the index (further behind index upswings than downturns, as buyers are slower to accept upward price pressures than downward ones).
The Index has reliably indicated future price movement, approximately 8-14 quarters before a rise and 4-8 quarters before a fall. It has continued an upward climb that began in 2010, translating to prices in 2014, and beginning an upward trend interrupted only by the 2016 election year uncertainty (anticipating price declines 6 quarters in advance of actual declines). Aspen/Snowmass real estate fundamentals are strong - listing inventory (supply) has slowly decreased as sales have increased at an average annual pace of about 20% since the low point of the recession. At the same time, prices have increased at about 8% per year since the recovery began. And while sales (demand) fell from the 2015 spike in Aspen, the relative values in Snowmass began to drive that single family home market, especially the ski-accessible segment. The 2016 Index drop typified election year disruption, and 2017 growth continued the overall Index direction and renewed upward pressure on prices consistent with the sustained Index climb in 2014-15. Note the reasonable Index variation around a 4% growth trend line, unlike the 2003-05 Index, which forecast the 2006-08 price runup.
Among a number of metrics tracked by the index are transaction and dollar volume changes, and variation in sales prices per square foot. The accompanying graphs illustrate a general stabilization and gathering strength, with still growing sales volumes from the 2009 collapse levels.
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2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
RESORT MARKET INDEX
$1550
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MARKET INDEX
AVG, PRICE/SF
Price trends historically trail the
Index by 12-24 months, reacting
more quickly to Index downtrends
than uptrends.
A general uptrend in the Index
(blue), with occasional corrections,
continues to support the stabilized
upward price movement (gold) we
began to see in 2013-14, and is now
indicating a stronger upward price
trend for approx. 3 quarters.
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residential sales activity summary graphsquarterly sales, volume, and price trendlines
residential sales activity summary graphs
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Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2 Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1 Q2Q3Q4Q1Q2Q3Q4Q1
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Number of Residential Sales
Aspen Snowmass Village Basalt 4 QTR Moving Avg Trend
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Average $/SQ FT Trendlines - Condominiums/Townhomes
Aspen Snowmass Village Basalt
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Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Average $/SQ FT Trendlines - Single Family Homes
Aspen Snowmass Village Basalt
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Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4 Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4 Q1Q2Q3Q4Q1
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Mill
ion
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Residential Sales Dollar Volume
Aspen Snowmass Village Basalt 4 QTR Moving Avg Trend
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©2018 BERKSHIRE HATHAWAY HomeServices | Aspen Snowmass Properties. Independently owned and operated. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc,® Information
deemed accurate but not guaranteed. If your property is listed with a broker, this is not intended as a solicitation. Equal Housing Opportunity. Data collected from Aspen Glenwood Springs Multiple Listing Service; deemed accurate but not guaranteed. Subject to change with additional data. .