EV Real Estate Roaring Fork Valley Market Report | Up-Valley Q3 2021

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

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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.