First Quarter Market Report 2019

Happy springtime from Aspen Snowmass. I hope you are doing well. It’s that unique time of the year when you can ski or snowboard and bike or golf in the same day. Last weekend’s temps were in the 60’s; I was contemplating getting back on my bikes. It snowed twelve inches in Highlands Bowl last night and it’s 19 degrees this morning; you’ve gotta love springtime in the mountains! I’m excited to share my First Quarter 2019 Aspen Snowmass Sotheby’s International Realty Market Report below with you. Thank you for the opportunity to share my experience and knowledge. I hope this is a helpful resource.

Every neighborhood is unique and our market is hyper localized. For example, East Aspen versus West End or crossing Castle Creek bridge leaving Aspen, prices drop by a third or more on average. It has been a good winter selling season so far. There have been some big sales in Aspen and Snowmass already in 2019 including: 1345 E. Cooper, 465 Thunderbowl Ln., and 412 Pioneer Springs Rd. Dollar volume for all residential property types including vacant land in the Upper Roaring Fork Valley including Aspen, Snowmass, Brush Creek Village and Woody Creek in the First Quarter 2019 was $328 million versus $283 million in 2018. The number of transactions is slightly down. Average sold price overall in the Upper Roaring Fork Valley for improved residential properties increased from $2.94 million Q1’18 to $3.535 through the first three months of 2019. Average sold price per sq. ft. also increased in the Upper Roaring Fork Valley overall from $1,014 last year to $1,228 this year with days on market down from 273 days to 233 days this year. Average sale/list so far this year is 94%.