Aspen Snowmass Sotheby's International Realty 2019 vs. 2018 Micro Market Report

End of Year 2018 vs 2019

Januaury 1st - December 31st, 2019

MICRO MARKET REPORT

Aspen Snowmass Village Basalt Carbondale Down Valley Golf Market Glenwood Springs

A s p e n Sn ow m a s s SIR .c o m Source : As p e n Board of Real tors M ul t i p l e Li st i ng Service

ASPEN MARKET

End of Year 2018 vs 2019 CENTRAL CORE Average Sold Price Average Sold Price per Sq Ft Average Days on Market

SINGLE FAMILY HOMES 2018 2019

% Change

CENTRAL CORE

$9,556,571

$9,035,250

-5%

Average Sold Price

$2,124

$2,173

2%

Average Sold Price per Sq Ft

323

342

6%

Average Days on Market

% Sold Price to List Price Number of Properties Sold Total Sales Volume

91% 7 $66,896,000

96% 8 $72,282,000

5% 14% 8%

% Sold Price to List Price Number of Properties Sold Total Sales Volume

WEST ASPEN

SINGLE FAMILY HOMES 2018 2019

Average Sold Price Average Sold Price per Sq Ft Average Days on Market

% Change

WEST ASPEN

$5,350,940

$8,788,774

64%

Average Sold Price

$1,027

$1,217

18%

Average Sold Price per Sq Ft

282

313

11%

Average Days on Market

% Sold Price to List Price Number of Properties Sold Total Sales Volume

92% 20 $107,018,795

89% 25 $219,719,350

-3% 25% 105%

% Sold Price to List Price Number of Properties Sold Total Sales Volume

EAST ASPEN

SINGLE FAMILY HOMES 2018 2019

Average Sold Price Average Sold Price per Sq Ft Average Days on Market

% Change

EAST ASPEN

$5,977,778

$6,193,251

4%

Average Sold Price

$1,261

$1,508

20%

Average Sold Price per Sq Ft

411

234

-43%

Average Days on Market

% Sold Price to List Price Number of Properties Sold Total Sales Volume

91% 9 $53,800,000

93% 17 $105,285,259

2% 89% 96%

% Sold Price to List Price Number of Properties Sold Total Sales Volume

WEST END

SINGLE FAMILY HOMES 2018 2019

Average Sold Price Average Sold Price per Sq Ft Average Days on Market

% Change

WEST END

$7,491,304

$7,947,222

6%

Average Sold Price

$2,122

$2,019

-5%

Average Sold Price per Sq Ft

199

296

49%

Average Days on Market

% Sold Price to List Price Number of Properties Sold Total Sales Volume

94% 14 $104,878,257

92% 18 $143,050,000

-2% 29% 36%

% Sold Price to List Price Number of Properties Sold Total Sales Volume

SMUGGLER

SINGLE FAMILY HOMES 2018 2019

Average Sold Price Average Sold Price per Sq Ft Average Days on Market

% Change

SMUGGLER

$5,870,458

$3,975,000

-32%

Average Sold Price

$1,303

$923

-29%

Average Sold Price per Sq Ft

230

232

1%

% Sold Price to List Price Number of Properties Sold Total Sales Volume

93% 12 $70,445,500

90% 9 $35,775,000

-3% -25% -49%

RED MOUNTAIN

SINGLE FAMILY HOMES 2018 2019

Average Sold Price

$10,300,000

$10,699,200

4%

Average Sold Price

$2,331

$1,708

-27%

335

378

13%

94% 4 $41,200,000

87% 5 $53,496,000

-7% 25% 30%

% Sold Price to List Price Number of Properties Sold Total Sales Volume

Average Sold Price per Sq Ft Average Days on Market % Sold Price to List Price Number of Properties Sold Total Sales Volume

% Change

Average Days on Market % Sold Price to List Price Number of Properties Sold Total Sales Volume

MCLAIN FLATS

CONDOS/TOWNHOMES 2018 2019

% Change

$2,692,663

$2,234,727

-17%

$1,743

$1,822

4%

297

219

-26%

94% 90 $242,339,704

95% 87 $194,421,262

1% -3% -20%

CONDOS/TOWNHOMES 2018 2019

% Change

$3,066,417

$3,135,604

2%

$976

$1,079

11%

284

260

-8%

94% 18 $55,195,500

94% 21 $65,847,690

0% 17% 19%

CONDOS/TOWNHOMES 2018 2019

% Change

$2,463,817

$3,997,500

62%

$1,070

$1,341

25%

301

377

25%

91% 6 $14,782,900

93% 10 $39,975,000

2% 67% 170%

CONDOS/TOWNHOMES 2018 2019

% Change

$3,042,438

$1,415,217

-53%

$1,442

$1,300

-10%

321

220

-31%

95% 16 $48,679,000

96% 11 $15,567,389

1% -31% -68%

CONDOS/TOWNHOMES 2018 2019

% Change

$1,374,091

$1,304,417

-5%

$944

$1,083

15%

186

224

20%

95% 11 $15,115,000

96% 12 $15,653,000

1% 9% 4%

SINGLE FAMILY HOMES 2018 2019

% Change

$5,565,022

$6,548,571

18%

Average Sold Price per Sq Ft

$921

$742

-19%

Average Days on Market

397

454

14%

95% 9 $50,085,200

89% 7 $45,840,000

-6% -22% -8%

End of Year 2018 vs 2019

SNOWMASS VILLAGE MARKET SKI-IN/SKI-OUT

SINGLE FAMILY HOMES 2018 2019

Average Sold Price

$5,034,286

$5,823,331

16%

Average Sold Price

$1,031

$1,175

14%

Average Days on Market

376

319

% Sold Price to List Price

80%

Number of Properties Sold

% Change

SKI-IN/SKI-OUT

CONDOS/TOWNHOMES 2018 2019

% Change

$917,783

$1,090,824

19%

Average Sold Price per Sq Ft

$730

$829

14%

-15%

Average Days on Market

260

295

13%

92%

15%

% Sold Price to List Price

96%

95%

-1%

7

15

114%

Number of Properties Sold

103

93

-10%

Total Sales Volume

$35,240,000

$87,349,970

148%

Total Sales Volume

$94,531,700

$101,446,650

7%

NON SKI-IN/SKI-OUT

SINGLE FAMILY HOMES 2018 2019

Average Sold Price

$2,756,507

$3,241,157

18%

Average Sold Price

Average Sold Price per Sq Ft

$705

$794

13%

Average Days on Market

288

411

% Sold Price to List Price

94%

Number of Properties Sold

Average Sold Price per Sq Ft

% Change

NON SKI-IN/SKI-OUT

CONDOS/TOWNHOMES 2018 2019

% Change

$774,474

$1,088,325

41%

Average Sold Price per Sq Ft

608

$690

13%

43%

Average Days on Market

198

208

5%

91%

-3%

% Sold Price to List Price

95%

96%

1%

36

34

-6%

Number of Properties Sold

53

35

-34%

Total Sales Volume

$99,234,266

$110,212,600

11%

Total Sales Volume

$41,047,129

$38,091,359

-7%

BASE VILLAGE

CONDOS/TOWNHOMES 2018 2019

Average Sold Price

% Change

$857,732

$1,246,479

45%

Average Sold Price per Sq Ft

$844

$1,012

20%

Average Days on Market

163

321

97%

% Sold Price to List Price

99%

97%

-2%

Number of Properties Sold

56

48

-14%

$48,033,000

$59,831,000

25%

Total Sales Volume

End of Year 2018 vs 2019

BASALT MARKET BASALT PROPER Average Sold Price

SINGLE FAMILY HOMES 2018 2019

% Change

BASALT PROPER

$1,543,115

$1,268,527

-18%

Average Sold Price

Average Sold Price per Sq Ft

$560

$436

-22%

Average Days on Market

180

160

% Sold Price to List Price

96%

Number of Properties Sold

CONDOS/TOWNHOMES 2018 2019

% Change

$575,958

$644,778

12%

Average Sold Price per Sq Ft

$447

$447

0%

-11%

Average Days on Market

167

175

5%

95%

-1%

% Sold Price to List Price

98%

98%

0%

43

53

23%

Number of Properties Sold

69

80

16%

Total Sales Volume

$66,353,960

$67,231,930

1%

Total Sales Volume

$39,741,130

$51,582,272

30%

EL JEBEL

SINGLE FAMILY HOMES 2018 2019

Average Sold Price

% Change

EL JEBEL

$691,365

$718,565

4%

Average Sold Price

Average Sold Price per Sq Ft

$333

$339

2%

Average Days on Market

145

86

% Sold Price to List Price

97%

Number of Properties Sold

CONDOS/TOWNHOMES 2018 2019

% Change

$609,812

$662,944

9%

Average Sold Price per Sq Ft

$292

$313

7%

-41%

Average Days on Market

229

312

36%

98%

1%

% Sold Price to List Price

98%

99%

1%

17

15

-12%

Number of Properties Sold

7

9

29%

Total Sales Volume

$11,753,209

$10,778,469

-8%

Total Sales Volume

$4,268,685

$5,966,500

40%

EMMA

SINGLE FAMILY HOMES 2018 2019

FRYING PAN

SINGLE FAMILY HOMES 2018 2019

Average Sold Price

$1,531,650

$1,660,167

8%

Average Sold Price

Average Sold Price per Sq Ft

$406

$531

31%

Average Days on Market

365

271

% Sold Price to List Price

92%

Number of Properties Sold Total Sales Volume

% Change

% Change

$739,455

$972,759

32%

Average Sold Price per Sq Ft

$255

$362

42%

-26%

Average Days on Market

386

254

-34%

92%

0%

% Sold Price to List Price

92%

98%

7%

10

3

-70%

Number of Properties Sold

11

7

-36%

$15,316,500

$4,980,500

-67%

Total Sales Volume

$8,134,000

$6,809,310

-16%

End of Year 2018 vs 2019

CARBONDALE MARKET CARBONDALE PROPER

SINGLE FAMILY HOMES 2018 2019

Average Sold Price

$824,677

$869,091

5%

Average Sold Price

Average Sold Price per Sq Ft

$311

$313

1%

Average Sold Price per Sq Ft

Average Days on Market

130

144

11%

% Sold Price to List Price

96%

96%

Number of Properties Sold

56

Total Sales Volume

$46,181,893

CARBONDALE RURAL

SINGLE FAMILY HOMES 2018 2019

Average Sold Price

$1,001,862

$1,197,477

20%

Average Sold Price

$306

$331

8%

Average Days on Market

217

228

% Sold Price to List Price

95%

Number of Properties Sold

% Change

CARBONDALE PROPER CONDOS/TOWNHOMES 2018

2019

% Change

$466,733

$548,811

18%

$315

$330

5%

Average Days on Market

93

104

12%

0%

% Sold Price to List Price

98%

98%

0%

50

-11%

Number of Properties Sold

40

54

35%

$43,454,550

-6%

Total Sales Volume

$18,669,307

$29,635,776

59%

% Change

CARBONDALE RURAL

CONDOS/TOWNHOMES 2018 2019

% Change

$598,333

$659,917

10%

Average Sold Price per Sq Ft

$271

$276

2%

5%

Average Days on Market

262

138

-47%

95%

0%

% Sold Price to List Price

95%

98%

3%

47

51

9%

Number of Properties Sold

21

18

-14%

Total Sales Volume

$47,087,500

$61,071,350

30%

Total Sales Volume

$12,565,000

$11,878,500

-5%

MISSOURI HEIGHTS

SINGLE FAMILY HOMES 2018 2019

Average Sold Price per Sq Ft

Average Sold Price

% Change

$867,140

$1,203,647

39%

Average Sold Price per Sq Ft

$285

$306

7%

Average Days on Market

240

222

-8%

% Sold Price to List Price

95%

94%

-1%

Number of Properties Sold

34

45

32%

$29,482,771

$54,164,120

84%

Total Sales Volume

End of Year 2018 vs 2019

DOWN VALLEY GOLF MARKET RANCH AT ROARING FORK SINGLE FAMILY HOMES

ROARING FORK CLUB

SINGLE FAMILY HOMES 2018 2019

Average Sold Price

$3,632,073

$4,450,000

23%

Average Sold Price

$1,299

$1,870

44%

Average Sold Price per Sq Ft

Average Days on Market

205

123

-40%

% Sold Price to List Price

99%

95%

Number of Properties Sold

9 $32,688,660

Average Sold Price per Sq Ft

Total Sales Volume

2018

% Change

2019

% Change

$645,000

$566,250

-12%

$329

$346

5%

Average Days on Market

28

77

175%

-4%

% Sold Price to List Price

99%

93%

-6%

3

-67%

Number of Properties Sold

3

4

33%

$13,350,000

-59%

Total Sales Volume

$1,935,000

$2,265,000

17%

RIVER VALLEY RANCH

RIVER VALLEY RANCH

SINGLE FAMILY HOMES 2018 2019

Average Sold Price

$1,009,355

$1,113,102

97%

Average Sold Price

Average Sold Price per Sq Ft

$267

$295

10%

Average Days on Market

159

192

% Sold Price to List Price

97%

Number of Properties Sold

% Change

CONDOS/TOWNHOMES 2018 2019

% Change

$831,433

$923,217

11%

Average Sold Price per Sq Ft

$306

$345

13%

21%

Average Days on Market

259

173

-33%

95%

-2%

% Sold Price to List Price

99%

99%

0%

25

22

-12%

Number of Properties Sold

3

6

100%

Total Sales Volume

$25,233,865

$24,488,237

-3%

Total Sales Volume

$2,494,300

$5,539,300

122%

ASPEN GLEN

SINGLE FAMILY HOMES 2018 2019

Average Sold Price

% Change

ASPEN GLEN

$1,218,667

$1,489,226

22%

Average Sold Price

Average Sold Price per Sq Ft

$290

$301

4%

Average Days on Market

280

278

% Sold Price to List Price

92%

Number of Properties Sold

CONDOS/TOWNHOMES 2018 2019

% Change

$765,500

$899,667

18%

Average Sold Price per Sq Ft

$218

$253

16%

-1%

Average Days on Market

364

184

-49%

93%

1%

% Sold Price to List Price

96%

97%

1%

18

21

17%

Number of Properties Sold

10

9

-10%

Total Sales Volume

$21,936,000

$31,273,750

43%

Total Sales Volume

$7,655,00

$8,097,000

6%

IRONBRIDGE

SINGLE FAMILY HOMES 2018 2019

Average Sold Price

% Change

$510,493

$594,342

16%

Average Sold Price per Sq Ft

$257

$253

-2%

Average Days on Market

130

136

5%

% Sold Price to List Price

97%

97%

0%

Number of Properties Sold

21

12

-43%

$10,720,356

$7,132,100

-33%

Total Sales Volume

End of Year 2018 vs 2019

GLENWOOD SPRINGS MARKET GLENWOOD PROPER Average Sold Price

SINGLE FAMILY HOMES 2018 2019

% Change

GLENWOOD PROPER

$518,594

$534,300

3%

Average Sold Price

$252

$252

0%

Average Sold Price per Sq Ft

Average Days on Market

93

96

3%

% Sold Price to List Price

97%

98%

Number of Properties Sold

82

Total Sales Volume

$42,524,715

GLENWOOD SOUTH

SINGLE FAMILY HOMES 2018 2019

Average Sold Price per Sq Ft

Average Sold Price

CONDOS/TOWNHOMES 2018 2019

% Change

$310,665

$329,375

6%

$236

$255

8%

Average Days on Market

75

95

27%

1%

% Sold Price to List Price

99%

98%

-1%

77

-6%

Number of Properties Sold

66

83

26%

$41,141,070

-3%

Total Sales Volume

$20,503,200

$27,338,149

33%

% Change

GLENWOOD SOUTH

$638,005

$700,323

10%

Average Sold Price

Average Sold Price per Sq Ft

$246

$237

-4%

Average Days on Market

130

135

% Sold Price to List Price

97%

Number of Properties Sold

CONDOS/TOWNHOMES 2018 2019

% Change

$222,812

$230,615

4%

Average Sold Price per Sq Ft

$205

$235

15%

4%

Average Days on Market

160

148

-8%

98%

1%

% Sold Price to List Price

94%

96%

2%

86

66

-23%

Number of Properties Sold

8

13

63%

Total Sales Volume

$54,868,456

$46,221,340

-16%

Total Sales Volume

$1,782,500

$2,998,000

68%

GLENWOOD WEST

SINGLE FAMILY HOMES 2018 2019

Average Sold Price

% Change

GLENWOOD WEST

$501,573

$592,218

18%

Average Sold Price

$197

$236

20%

Average Days on Market

92

89

% Sold Price to List Price

100%

Number of Properties Sold

Average Sold Price per Sq Ft

Total Sales Volume

CONDOS/TOWNHOMES 2018 2019

% Change

$408,000

$433,000

6%

Average Sold Price per Sq Ft

$223

$240

8%

-3%

Average Days on Market

107

48

-55%

97%

-3%

% Sold Price to List Price

98%

100%

2%

11

11

0%

Number of Properties Sold

3

4

33%

$5,517,300

$6,514,400

18%

Total Sales Volume

$1,224,000

$1,732,000

42%