Posted on May 5, 2016 by Chris Klug
Happy off-season in Aspen Snowmass. I hope you're enjoying springtime! Below is the April 2016 Aspen Snowmass Market Report. While first quarter 2016 got off to a slow start, it has been a very active off-season in Aspen Snowmass, lots of paper flying around now. Pending sales in Aspen are up 13% in April 2016 and 28% in Snowmass Village for all property types. Pending activity is down about 25% in Basalt overall. Listing inventory is virtually the same in Aspen, Snowmass and Basalt. Sold volume in Aspen is still way down, about 60% following a slow first three months to 2016. Sold volume of single-family homes in Snowmass is nearly the same as last year through April, however, condo sales are still a bit behind 2015 pace. Sold volume in Basalt is up about 16% overall. There sure is a lot going on at Willits. New development at Park Modern and The Wild's is selling well. Price per sq. ft. in the downtown Aspen core is about the same now as last year. Red Mountain leads the price per sq. ft. conversation at $1,666 sold price per sq. ft. There have been no sales in McLain Flats this year. I just put my 574 Johnson Drive property in Starwood under contract yesterday listed for $4,195,000. Compare the downtown core at $1,432 sold price per sq. ft. on average for all property types to that of W. Aspen at $845 or Snowmass overall at $719. Opportunity lies in McLain Flats and Starwood, West Aspen and Snowmass. That's one of the reason's I'm moving to Snowmass - the land of opportunity. It's like Brooklyn, where all the hipsters are going, haha!
CLICK HERE FOR THE APRIL MARKET REPORT
Have a fun weekend ahead! Happy springtime from the mountains. It's that unique time of the year when you can mountain bike and ski/snowboard in the same day. Get ready for the Ride for the Pass on May 21 benefiting the Independence Pass Foundation. Hopefully it won't snow on us this year! Food & Wine Weekend is less than six weeks away - enjoy the downtime.