Fourth Quarter Market Report 2018

Hi from Aspen! I hope you are enjoying a great start to 2019! It has been a fun winter season so far in Aspen Snowmass. Our community was full for the holiday with lots of people taking advantage of the great winter conditions on our four local mountain resorts. More snow is on the way this week! I’m excited to share my 2018 Aspen Snowmass Real Estate Market Report with you below. I hope it’s a helpful resource. Thanks for checking it out.

2018 saw strong condo sales in both Aspen and Snowmass, especially in December. Aspen single-family sales were considerably weaker in 2018 versus 2017. Snowmass Village single-family sales were very similar to 2017, which still has lots of room for improvement compared to the peak of 2007/2008. New Base Village product boosted the Snowmass Village condo market numbers. There were 217 sales of all residential, whole ownership property types in Aspen in 2018 for a total sold volume of $874 million compared to 278 properties sold in 2017 in Aspen totaling $1.193 billion. 198 sales of all residential, whole ownership property types sold in 2018 in Snowmass Village totaling $269 million versus 148 properties sold in 2017 totaling $238 million, an 11.5% increase in dollar volume. There is some very positive momentum in Snowmass Village with the completion of Phase I Base Village and the new Limelight Snowmass. Woody Creek and Snowmass saw multiple $10 million plus ranch sales in 2018. Pioneer Springs Ranch in Snowmass Village just sold for a big number to start 2019.