Klug Properties May 2022 Market Snapshots

Posted on June 17, 2022 by Chris Klug

 

Please enjoy a look into the Aspen Snowmass market as of May 2022.

Aspen Snowmass Market Snapshot as of May 31, 2022:

  • SF $ Vol. up YTD in Aspen 21% and 5% in SMV
  • SF transactions down 22% in Aspen, 29% in Snowmass & 42% in Basalt.
  • Avg. SF sold $ in Aspen up 54% at $19.5 mill. and 47% in SMV at $7.7 mill.
  • Avg. SF sold $/SF in Aspen up 58% at $3,280 and 36% at $1,645 in SMV.
  • Aspen Condo $ Vol up 16% while transactions down 41%, SMV condos $ vol. down 31% and transactions down 55% YTD.
  • Aspen Condos avg. sold $ up 97% at $4.8 mill., and avg. sold $/SF up 61% at $2,856.
  • Snowmass Condos avg. sold $ up 54% at $2 mill., and avg. sold $/SF up 62% at $1,455.
  • Aspen inventory overall down 50% from May ’21 and 20% in SMV.
  • Aspen SF DOM 317 5/31/21 vs. 162 5/31/22
  • Aspen Condo DOM 180 5/31/21 vs. 84 DOM 5/31/22
  • SMV SF DOM 234 5/31/21 vs. 156 DOM 5/31/22
  • SMV Condos DOM 168 5/31/21 vs. 93 DOM 5/31/22

Aspen:

  • Single-family sold vol. up 21%, transactions down 22%, avg. sold price up 54% at $19.5 mill., sold $/SF up 58% at $3,280. DOM down 49% from May ’21, inventory down 38%.
  • Condo sold vol. up 16%, transactions down 41%, avg. sold price 97% at $4.8 mill., avg. sold $/SF up 61% at $2,856, ADOM down 53%, inventory down 59%.

Snowmass:

  • Single-family sold vol. up YTD 5%, transactions down 29%, avg. sold price up 47% at $7.7 mill., avg. sold $/SF up 36% at $1,645, ADOM down 33%, inventory up 25%.
  • Condo sold vol. down 31%, transactions down 55% YTD, avg. sold price up 54% at $2 mill., avg. sold $/SF up 62% at $1,455, ADOM down 44%, inventory down 31%.

 

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