Aspen Market Update - Feb. 15, 2023

Single-Family Homes

www titlecorockies com

Wed Feb 15 2023

This week the median list price forAspen, CO 81611 is $14,250,000 with the market action index hovering around 25.This is about the same as last month's market action index of 25. Inventory has increased to 67.

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer'sAdvantage

The MarketAction Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Market Report Aspen, CO 81611

Buyer's Market Seller's Market 0 10 20 30 40 50 60 70 80 90 100 Tod a y LastMonth 25

Median List Price

Median Price of New Listings

Per Square Foot

Average Days on Market 211 Median Days on Market 203 Price Decreased 22% Price Increased 1% Relisted 4% Inventory 67 Median Rent $55,000 MarketAction 25

$14,250,000

$19,850,000

$3,275

Median List Price

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the MarketAction Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Slight Buyer'sAdvantage

7-DayAverage 90-DayAverage Feb 2020 Jul 2020 Nov 2020 Mar 2021 Jul 2021 Nov 2021 $8.0M $9.0M $10.0M $11.0M $12.0M $13.0M $14.0M $15.0M $16.0M

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM $31,900,000 7,620 0.5 - 1 acre 5 8 24 2 0 220 $18,000,000 5,066 0.25 - 0.5 acre 5 6 23 1 1 245 $12,995,000 5,059 0.5 - 1 acre 4 5 36 0 1 126 $5,750,000 2,426 0.5 - 1 acre 4 3 35 2 1 210

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