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Altitude Report: End of Summer Recap for Aspen Real Estate

Tuesday, September 22nd, 2015 at 8:05pm Engel & Völkers Aspen • Roaring Fork

 

The statistics are in for Aspen/Snowmass real estate year-to-date through August 31, 2015.   The summer was off to a slow start but thus far we have seen 25 closings over $9M with an additional 13 homes over $9M currently pending.  The luxury market is strong if you have the right property in the right location.  As expected, the downtown Core, West End and Red Mountain continue to command higher prices and buyers can find more value going east or west of town.  Single family homes in Aspen have seen a jump of 25% in average sale price while condos/townhomes average sale price is down 6.4% year over year.  With Aspen’s pricing pushing some buyers towards more value in Snowmass, SMV average single family home price has nearly doubled at $4,580,211.  However, the number of sales is down 7% and the amount of new listings up 22% creating more inventory. 

 

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