2 0 2 1 U P -VA L L E Y
MARKET REPORT
QUARTER THREE
QUARTER THREE
MARKET PERFORMANCE
U P -VA L L E Y are so famous for. The great outdoors are replete with every imaginable recreational endeavor, and cultural opportunities are in abundance, involving all the arts. The music scene presents all genres to please the soul, while intellectual stimulation is plentiful, and Mother Nature is resplendent every season; all pursuits can be fulfilled in the most beautiful setting. The rich history within these towns is like no other, and those lucky enough to live or visit here, all concur. It is a haven in the Rocky Mountains where sunshine prevails, and the community thrives.
Q3 Market Update
// Single - Family Homes //
ASPEN DOWNTOWN CORE
In the heart of Aspen’s commercial core spanning a sixteen-square-block area, you’ll find some of the most sought-after luxury real estate in the world. Enjoy Fifth Avenuestyle shopping, fine dining, entertainment, art galleries, nightlife, and several city parks while being just steps away from the Aspen Mountain Gondola. NUMBER OF CLOSINGS IN THIRD QUARTER 2
1
5
2
2018
2019
2020
2021
AVER AGE SALE PRICE IN THIRD QUARTER 2018
4,625,000
2019
5,150,000
2020
14,930,000
2021
10,750,000
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER
$1,477
$1,987
2018
2019
$2,654
2020
$2,970
2021
AVERAGE DAYS ON MARKET FOR SALES IN THIRD QUARTER
154
238
158
2018
2019
2020
234 2021
Q3 Market Update
ASPEN DOWNTOWN CORE
// Studios & One Bedroom Condos // If you’re looking for convenience and close proximity to downtown, with a cozy place to sleep, a studio or one-bedroom in Aspen’s Downtown Core might be just the ticket. You can enjoy all that Aspen has to offer with a simple stress-free lifestyle. NUMBER OF CLOSINGS IN THIRD QUARTER
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7
7
8
15
2018
2019
2020
2021
AVER AGE SALE PRICE IN THIRD QUARTER 2018
1,122,071
2019
931,714
2020
1,893,113
2021
1,252,867
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER $2,133
$2,000
$2,237
$1,494
2018
2019
2020
2021
AVERAGE DAYS ON MARKET FOR SALES IN THIRD QUARTER
508
251
152
85
2018
2019
2020
2021
Q3 Market Update
ASPEN DOWNTOWN CORE
// Two Bedroom Condos // Do you dream of the ease of living offered by a two-bedroom luxury condo? Investing in a two-bedroom in Aspen’s Downtown Core lends itself to a magnificent lifestyle. Close proximity to amenities including fine dining, galleries and more. NUMBER OF CLOSINGS IN THIRD QUARTER 7
14
4
16
2018
2019
2020
2021
AVER AGE SALE PRICE IN THIRD QUARTER 2018
1,653,556
2019
1,773,846
2020
2,129,039 2,108,351 2,648,063
2021
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER
$1,645
2018
$1,831
2019
$2,034
2020
$2,610
2021
AVERAGE DAYS ON MARKET FOR SALES IN THIRD QUARTER
446
230
203
107
2018
2019
2020
2021
Q3 Market Update
ASPEN DOWNTOWN CORE
// Three + Bedroom Condos //
Enjoy plenty of space for yourself and guests in this ideal location featuring close proximity to skiing, nightlife, entertainment, and more. A larger condo in Aspen’s Downtown Core offers a lifestyle sought after worldwide.
NUMBER OF CLOSINGS IN THIRD QUARTER 4
4
24
13
2018
2019
2020
2021
AVER AGE SALE PRICE IN THIRD QUARTER 2018
5,971,250
2019
4,612,500
2020
5,425,083
2021
8,733,442
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER $2,242
2018
$2,033
2019
$2,276
2020
$3,035
2021
AVERAGE DAYS ON MARKET FOR SALES IN THIRD QUARTER
105
290
207
173
2018
2019
2020
2021
Q3 Market Update
RED MOUNTAIN
// Red Mountain //
One of Aspen's most prominent areas filled with luxury homes is Red Mountain. With direct views of Aspen Mountain, it's known for its high-end real estate, exquisite large homes, and scenic views of downtown. NUMBER OF CLOSINGS IN THIRD QUARTER 1
3
14
6
2018
2019
2020
2021
AVER AGE SALE PRICE IN THIRD QUARTER 2018
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2019
11,086,167
2020
17,442,143
2021
12,364,999
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER $1,822
2018
$2,410
$2,383
2020
2021
$1,597
2019
AVERAGE DAYS ON MARKET FOR SALES IN THIRD QUARTER
845
416
385
375
2018
2019
2020
2021
Q3 Market Update
EAST ASPEN
// East Aspen // Indulge in classic mountain architecture within close proximity to the Roaring Fork River. Residents can drive, bike, or walk into town in 15 minutes or less. remQUARTER ipsum NUMBER OF CLOSINGS IN THIRD 3
14
19
5
2018
2019
2020
2021
AVER AGE SALE PRICE IN THIRD QUARTER 2018
5,400,000
2019
5,890,376
2020
7,613,947
2021
10,080,000
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER $2,401 $1,394
2018
$1,634
2019
$1,566
2020
2021
AVERAGE DAYS ON MARKET FOR SALES IN THIRD QUARTER
432
309
169
108
2018
2019
2020
2021
Q3 Market Update
SMUGGLER
// Smuggler //
Known as “Aspen’s Backyard,” Smuggler is a historic mining area offering picturesque trails and engaging recreational activities - including some of the region’s best hiking in the summer months.
NUMBER OF CLOSINGS IN THIRD QUARTER 4
2
3
12
2018
2019
2020
2021
AVER AGE SALE PRICE IN THIRD QUARTER 2018
5,075,000
2019
4,035,000
2020
8,083,333
2021
9,824,583
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER $1,484
2018
$1,824
$1,923
$1,236
2019
2020
2021
AVERAGE DAYS ON MARKET FOR SALES IN THIRD QUARTER
115
66
1824
298
2018
2019
2020
2021
Q3 Market Update
HISTORIC WEST END
// Historic West End // This area
offers gorgeous Victorian-style homes, as well as modern architecture. Views of Aspen Mountain, Shadow Mountain, and Tiehack/Buttermilk abound. Perks include a walkable neighborhood, with best-in-class fly fishing and of course access to world-class skiing. NUMBER OF CLOSINGS IN THIRD QUARTER 10
2
19
7
2018
2019
2020
2021
AVER AGE SALE PRICE IN THIRD QUARTER 2018
4,883,500
2019
3,289,500
2020
6,334,684
2021
3,120,286
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER $1,726
$1,614
2018
2019
$2,229
$1,930
2020
2021
AVERAGE DAYS ON MARKET FOR SALES IN THIRD QUARTER
216
212
330
110
2018
2019
2020
2021
Q3 Market Update
CEMETERY LANE
// Cemetery Lane //
Home to the most “full-time” residents, this neighborhood presents a genuine “local” feel. Enjoyed by those who seek a mix of old and new, luxury homes, townhouses, and condos are excel-lent choices. Proximity to the Roaring Fork River and excellent golf. NUMBER OF CLOSINGS IN THIRD QUARTER 5
2
14
2018
2019
2020
5
2021
AVER AGE SALE PRICE IN QUARTER IN THIRD QUARTER 2018
5,250,000
2019
3,165,000
2020
7,008,929
2021
10,653,600
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER $2,296 $1,329
$1,112
2018
2019
$1,540
2020
2021
AVERAGE DAYS ON MARKET FOR SALES IN THIRD QUARTER
104
267
183
113
2018
2019
2020
2021
Q3 Market Update
WEST ASPEN
// Buttermilk & Highlands //
Not only is Buttermilk home to the famous Winter X Games, it is in ideal area for family skiing, delicious cuisine, views of pyramid peak and summer wildflowers.
NUMBER OF CLOSINGS IN THIRD QUARTER NA
NA
5
1
2018
2019
2020
2021
AVER AGE SALE PRICE IN THIRD QUARTER 2018
N/A
2019
N/A
2020
6,251,010 2,108,351 8,450,000
2021
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER $1,485 NA
NA
$1,006
2018
2019
2020
2021
AVERAGE DAYS ON MARKET FOR SALES IN THIRD QUARTER
NA
NA
261
48
2018
2019
2020
2021
Q3 Market Update
MCLAIN FLATS/STARWOOD
// McLain Flats & Starwood //
For those who seek wide-open ranch lands with big mountain views, this area is just ten minutes from Aspen. Here, you will find spacious estates where privacy abounds. Horse ranches, agriculture and farms are plenty in this area. NUMBER OF CLOSINGS IN THIRD QUARTER 1
2018
1
2019
3
2020
2Lorem ipsum
2021
AVER AGE SALE PRICE IN THIRD QUARTER 2018
4,650,000
2019
6,375,000
2020
4,333,333
2021
7,500,000
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER $1,317 $774
2018
$940
2019
$737
2020
2021
AVERAGE DAYS ON MARKET FOR SALES IN THIRD QUARTER
468
394
301
240
2018
2019
2020
2021
Q3 Market Update
WOODY CREEK
// Woody Creek //
The perfect area for people looking for a private lifestyle yet still in a community. A wonderful option for outdoor enthusiasts looking to spend time fly-fishing, hiking, biking, or just relaxing. About a 15 minute drive to Downtown Aspen. NUMBER OF CLOSINGS IN THIRD QUARTER 3
1
8
4
2018
2019
2020
2021
AVER AGE SALE PRICE IN THIRD QUARTER 2018
7,233,333
2019
6,050,000
2020
2,869,250
2021
6,130,000
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER $1,301 $881
$862
2018
2019
$896
2020
2021
AVERAGE DAYS ON MARKET FOR SALES IN THIRD QUARTER
556
806
270
238
2018
2019
2020
2021
Q3 Market Update
SNOWMASS VILLAGE
// Single - Family Homes //
Snowmass offers ideal skiing, but with over more than 40 miles of hiking and biking trails, you’ll find plenty to do once the snow melts. The town boasts casual eateries, shops, festivals, and music events as well as a rodeo held each week during the summer months. NUMBER OF CLOSINGS IN THIRD QUARTER 10
15
28
22
2018
2019
2020
2021
AVER AGE SALE PRICE IN THIRD QUARTER 2018
3,703,000
2019
3,593,167
2020
4,071,865
2021
5,128,182
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER
$781
2018
$863
2019
$949
2020
$1,241
2021
AVERAGE DAYS ON MARKET FOR SALES IN THIRD QUARTER
306
395
257
119
2018
2019
2020
2021
Q3 Market Update
SNOWMASS VILLAGE
// Townhomes & Duplexes //
The convenience of a townhome can offer great benefits. And, when the flakes fly again, residents can make use of a groomed cross country ski trail - linking Snowmass to Aspen. The area features a mix of timeless, and modern architecture. NUMBER OF CLOSINGS IN THIRD QUARTER 5
6
17
9
2018
2019
2020
2021
AVER AGE SALE PRICE IN THIRD QUARTER 2018
1,514,000
2019
1,970,433
2020
2,304,206
2021
3,171,617
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER $1,192 $658
2018
$847
$847
2019
2020
2021
AVERAGE DAYS ON MARKET FOR SALES IN THIRD QUARTER
226
168
195
59
2018
2019
2020
2021
Q3 Market Update
SNOWMASS VILLAGE
// Two Bedroom Condos //
Enjoy this year-round area while living in a convenient two-bedroom condo. With a lower-maintenance property, you’re able to spend more time frequenting shops, enjoying quaint restaurants, skiing, hiking, biking, and more. NUMBER OF CLOSINGS IN THIRD QUARTER 10
14
23
25
2018
2019
2020
2021
AVER AGE SALE PRICE IN THIRD QUARTER 2018
572,800
2019
690,696
2020
806,978
2021
1,196,340
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER
$587
2018
$684
2019
$710
2020
$1,031
2021
AVERAGE DAYS ON MARKET FOR SALES IN THIRD QUARTER
848 390
320
172
108
2018
2019
2020
2021
Q3 Market Update
SNOWMASS VILLAGE
// Three + Bedroom Condos //
For those who would like a bit more room, or the potential to host guests, the larger condos in this year-round area - prioritizing recreation and classic luxury - are an ideal option.
NUMBER OF CLOSINGS IN THIRD QUARTER 5
2
25
14
2018
2019
2020
2021
AVER AGE SALE PRICE IN THIRD QUARTER 2018
1,019,600
2019
1,100,000
2020
2,356,600
2021
2,695,429
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER $743
2018
$931
$1,161
$673
2019
2020
2021
AVERAGE DAYS ON MARKET FOR SALES IN THIRD QUARTER
442
110
241
159
2018
2019
2020
2021
Q3 Market Update
ASPEN LAND
// Aspen Land //
Some simply like to carve out their own place in the world. For investors, families, and developers alike, Aspen showcases some of the most picturesque land and sweeping views in the world.
NUMBER OF CLOSINGS IN THIRD QUARTER 11
2
8
4
2018
2019
2020
2021
AVER AGE SALE PRICE IN THIRD QUARTER 2018
2,618,623
2019
5,875,000
2020
6,184,375
2021
7,961,250
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER $174 $89
2018
2019
$131
2020
$152
2021
AVERAGE DAYS ON MARKET FOR SALES IN THIRD QUARTER
707
86
265
238
2018
2019
2020
2021
Q3 Market Update
SNOWMASS VILLAGE LAND
// Snowmass Village Land //
For those who desire to build their dream. A big mountain lifestyle along with the nearly unlimited recreational and cultural activities, make it a place where a variety of architectural styles can paint the majestic backdrop. NUMBER OF CLOSINGS IN THIRD QUARTER 6
1
2
NA
2018
2019
2020
2021
AVER AGE SALE PRICE IN THIRD QUARTER 2018
3,683,333
2019
3,250,000
2020
1,297,500
2021
N/A
AVERAGE PRICE PER SQUARE FOOT IN THIRD QUARTER $39
$149
$85
NA
2018
2019
2020
2021
AVERAGE DAYS ON MARKET FOR SALES IN THIRD QUARTER
3776
3086
237
NA
2018
2019
2020
2021
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LUXURY
REAL ESTATE
SINCE 1977
All reports are published September and October 2021 based on data available at the end of September 2021, except for the today stats. Information and statistics derived from the Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.