APRIL MARKET REPORT

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. 

Chris Klug

Share:
Tags:

Topics

10 Million Dollar Sale ACES Ajax Anderson Ranch Art and Design Art Events Aspen Aspen Activities Aspen Bucket List Aspen Club And Spa Aspen Condos Aspen Core is strong market Aspen Film Aspen Highlands Market Aspen Market Aspen Mountain Aspen Music Festival Aspen Powder Day Aspen Real Estate Aspen Real Estate Transactions Aspen Santa Fe Ballet Aspen Snowmass Aspen Square Hotel Aspen Square Update Aspen West End Aspensnowmass Belly Up Buyer's Market Buyer's Market Chris Klug Foundation Cinco De Mayo Climate Change closing day Concert Concerts Condo Sales Culture Cycling Developments Dinner Down Valley Real Estate Down Valley Tour of Homes Events extended ski season Film Festival Food & Wine Aspen Gay Ski Week Grand Traverse Harvest Party Highlands Closing Party Hiking holidays Inventory January 2015 Market Update January Real Estate Activity Jazz Aspen Jazz Aspen/Snowmass Kick Aspen klugproperties Lead With Love Limelight Hotel Snowmass Little Nell Live Music local events Luxury Properties Luxury Real Estate Market Analysis Market Improvements Market Stats Market Update Maroon Bells Maroon Creek Mind Body Athlete missouri heights mountain biking Music NASTAR New Listing at Aspen Square Notable Sales Off-Season Off-Season One Snowmass Open House Open House at Ashcroft Outside Pent House Sale Pent House Sold Pitkin County Sales Places to Swim Real Estate Transactions Reasons to Buy Recent Sales Recreational Red Mountain Residents at Viceroy Snowmass River Front Snow Sports Snowmass Snowmass Base Village Snowmass Bike Park Snowmass Real Estate Snowmass Viceroy Sales Snowmass Village Snowmass Village Real Estate Snowmass Wine Festival Sold Properties Sotheby's International Realty spring tour Starwood Properties Strong Aspen Market Strong Market Summer Hikes & Bike Rides Summer in Aspen Summer2019 Ten Million Dollar Properties The Little Nell trail running travel channel W Aspen wecycle West End Wheeler Opera House Winter Winter X Games Winterskol YTD Sales Volume
Chris Klug Aspen Real Estate Broker Headshot Klug Properties Tag Line
Sotheby's International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Sotheby's International Realty office is independently owned and operated.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Real Estate Website Design, Development and Optimization by Organic Return
All Listings