The Slifer Report Q3 2022 RFV

Page 1

SLIFER

THE
REPORT Q3 2022 ROARINGFORKVALLEY| Quarter 3Real EstateMarket Review
CONTENTS MARKET OVERVIEW LUXURY OVERVIEW LAND OVERVIEW ASPEN SNOW MASS VILLAGE BASALT CARBONDALE GLENW OOD SPRINGS NEW CASTLE NEW DEVELOPMENTS #3 #4 $5 #6 #7 #8 #9 #10 #11 #12 The Slifer Report | Q3 2022 RFV | 2
Slifer Smith & Frampton Real Estate | 3 MARKET OVERVIEW TRANSACTION VOLUME COMPARISON SALES VOLUME COMPARISON * Data is gathered from Land and Residential sales from 11through 9 30 of each year

LUXURY

The Slifer Report | Q3 2022 RFV | 4
OVERVIEW TRANSACTION VOLUME COMPARISON SALES VOLUME COMPARISON * Data is gathered from Residential sales of $4m+ from 11through 9 30 of each year
Slifer Smith & Frampton Real Estate | 5 LAND OVERVIEW TRANSACTION VOLUME COMPARISON SALES VOLUME COMPARISON * Data is gathered from Land sales from 11through 9 30 of each year

50

increase in average sales price for single family homes from 2021

SINGLE FAMILY

SALES VOLUME NO OF SALES AVG DAYS ON MARKET AVG SALE MEDIAN SALE

2018 $376,778,707 56 262 $6,728,191 $5,450,000

2019 $485,960,609 63 321 $7,713,660 $6,100,000

1,081,393,968 96 310 $11,264,520 $9,072,500

2021 $1,223,514,921 100 258 $12,235,149 $10,250,000

2022 $956,430,909 52 166 $18,392,902 $13,425,000

CONDOMINIUM & TOW NHOME

SALES VOLUME NO OF SALES AVG DAYS ON MARKET AVG SALE MEDIAN SALE

increase in average sales price for condos & townhomes from 2021

2018 $265,264,854 96 309 $2,763,176 $1,583,750

2019 $240,025,940 109 222 $2,202,073 $1,850,000

2020 $451,797,332 120 269 $3,764,978 $2,577,500

2021 $503,520,566 178 148 $2,828,767 $1,915,000

$441,800,999 95 96 $4,650,537 $3,150,000

AVERAGE PRICE PER SQUARE FOOT

Single Family

2018 2019 2020 2021 2022

$1,469 $1,839 $2,044

SALE VS. LIST PRICE

Family

AVG SALE/

Condominium & Townhome

2018 2019 2020 2021 2022

$1,57 $1,850 $1,954 $2,807

Condominium & Townhome

Slifer Smith & Frampton Real Estate | 6 ASPEN
2020
2022
%
64%
AREA highlights
$1,588
$3,109
$1,527
COMPARISON
LAST LISTED PRICE 97% Single
AVG SALE/ LAST LISTED PRICE 98%
* Data is gathered from Residential sales in Aspen from 11through 9 30 of each year

SINGLE FAMILY

SALES VOLUME NO OF SALES AVG DAYS ON MARKET

SNOWMASS VILLAGE AREA highlights

AVG SALE MEDIAN SALE

2018 $110,599,677 34 297 $3,252,932 $2,727,500

2019 $138,158,100 35 353 $3,947,374 $2,687,500

2020 $136,251,225 35 239 $3,892,892 $3,587,500

2021 $298,591,500 56 193 $5,331,991 $4,837,500

2022 $214,547,114 29 183 $7,398,176 $6,272,500

CONDOMINIUM & TOW NHOME

SALES VOLUME NO OF SALES AVG DAYS ON MARKET AVG SALE MEDIAN SALE

2018 $79,959,800 104 214 $720,275 $507,500

2019 $94,899,650 94 256 $1,009,571 $698,750

2020 $147,894,954 113 262 $1,308,805 $835,000

2021 $245,305,812 188 151 $1,304,818 $845,000

2022 $177,350,650 89 88 $1,992,704 $1,450,000

39% increase in average sales price for single family homes from 2021

AVERAGE PRICE PER SQUARE FOOT

Single Family

2018 2019 2020 2021 2022

$901 $923 $1,239 $1,613

SALE VS. LIST PRICE COMPARISON

Single Family

AVG SALE/ LAST LISTED

increase in average sales price for condos & townhomes from 2021

Condominium & Townhome

2018 2019 2020 2021 2022

$765 $805 $932 $1,512

Condominium & Townhome

AVG SALE/ LAST LISTED PRICE

The Slifer Report | Q3 2022 RFV| 7
PRICE 96%
99%
$764
$640
53%
* Data is gathered from Residential sales in Snowmass Village from 11through 9 30 of each year

SINGLE FAMILY

SALES VOLUME

$64,941,009

$64,418,361

$96,432,225

$109,650,665

$56,390,500

OF SALES AVG DAYS ON MARKET AVG SALE MEDIAN SALE

$1,119,673 $815,000

$1,130,147 $875,000

$1,339,336 $865,712

$1,661,374 $1,282,500

$1,562,929 $1,400,000

CONDOMINIUM & TOW NHOME

SALES VOLUME NO OF SALES AVG DAYS ON MARKET AVG SALE MEDIAN SALE

$33,161,130

$34,258,561

$50,529,175

$60,232,200

$88,437,500

PRICE PER SQUARE FOOT

189 $592,163 $532,000

154 $622,883 $565,000

154 $743,076 $590,000

87 $825,099 $716,500

145 $1,163,651 $994,000

& Townhome

$1,009 $740

SALE VS. LIST PRICE

Slifer Smith & Frampton Real Estate | 8 BASALT
NO
2018
58 221
2019
57 164
2020
72 183
2021
66 155
2022
35 102
2018
56
2019
55
2020
68
2021
73
2022
76
AREA highlights AVERAGE
2018 2019 2020 2021 2022 $437 $414 $467 $557 $616 Single Family 2018 2019 2020 2021 2022 $449 $417 $836
Condominium
COMPARISON AVG SALE/ LAST LISTED PRICE 99% Single Family AVG SALE/ LAST LISTED PRICE 101% Condominium & Townhome 11% increase in average sales price per sqaure foot for single family homes from 2021 47% increase in sales volume for condos & townhomes from 2021 * Data is gathered from Residential sales in Basalt from 11through 9 30 of each year

SINGLE FAMILY

SALES VOLUME NO OF SALES AVG DAYS ON MARKET AVG SALE MEDIAN SALE

CARBONDALE AREA highlights

2018 $68,462,777 79 154 $866,617 $790,000

2019 $82,479,987 77 194 $1,071,169 $890,000

2020 $126,809,715 98 174 $1,293,977 $1,168,500

2021 $135,234,175 87 92 $1,554,416 $1,495,000

2022 $97,541,116 52 125 $1,875,791 $1,775,000

CONDOMINIUM & TOW NHOME

SALES VOLUME NO OF SALES AVG DAYS ON MARKET AVG SALE MEDIAN SALE

2018 $24,282,307 47 135 $516,645 $470,000

2019 $34,693,776 60 118 $578,230 $475,500

2020 $34,887,869 57 167 $612,068 $505,000

2021 $49,378,766 74 143 $667,281 $604,950

2022 $39,182,109 43 178 $911,212 $852,859

21%

in average sales price for single family homes from 2021

AVERAGE PRICE PER SQUARE FOOT

Family

2018 2019 2020

SALE VS. LIST PRICE

Single Family

AVG SALE/

increase in average sales price for condos & townhomes from 2021

Condominium & Townhome

2020

Condominium & Townhome

The Slifer Report | Q3 2022 RFV | 9
COMPARISON
LAST LISTED PRICE 98%
AVG SALE/ LAST LISTED PRICE 100%
2021 2022 $302 $312 $338 $424 $506 Single
2018 2019
2021 2022 $304 $307 $323 $401 $487
increase
36%
* Data is gathered from Residential sales in Carbondale from 11through 9 30 of each year

AREA

SPRINGS SINGLE FAMILY

SALES VOLUME

2018 $76,912,371

$70,660,940

$104,579,746

$139,788,739

$123,234,724

OF SALES

DAYS ON MARKET AVG SALE MEDIAN SALE

$582,669 $545,500

$598,822 $565,000

$653,623 $599,500

$832,076 $766,448

$955,308 $850,675

CONDOMINIUM & TOW NHOME

SALES VOLUME NO OF SALES AVG DAYS ON MARKET AVG SALE MEDIAN SALE

$17,337,900

$23,136,749

$21,569,445

$26,591,750

$42,626,120

AVERAGE PRICE PER SQUARE FOOT

Family

2019

SALE VS. LIST PRICE COMPARISON

Family

$304,174 $310,000

$321,344 $327,750

$342,372 $335,000

$396,892 $395,850

$532,826 $532,500

& Townhome

2019 2020 2021

Townhome

Slifer Smith & Frampton Real Estate | 10 GLENWOOD
NO
AVG
132 111
2019
118 114
2020
160 103
2021
168 87
2022
129 89
2018
57 84
2019
72 96
2020
63 80
2021
67 52
2022
80 95
highlights
2018
2020 2021 2022 $242 $247 $260 $336 $401 Single
2018
2022 $225 $258 $266 $306 $362 Condominium
AVG SALE/ LAST LISTED PRICE 99% Single
AVG SALE/ LAST LISTED PRICE 99% Condominium &
15% increase in average sales price for single family homes from 2021 34% increase in sales volume for condos & townhomes from 2021 * Data is gathered from Residential sales in Glenwood Springs from 11through 9 30 of each year

SINGLE FAMILY

SALES VOLUME NO OF SALES AVG DAYS ON MARKET AVG SALE MEDIAN SALE

NEW CASTLE AREA highlights

2018 $34,065,772 81 103 $420,565 $399,000

2019 $33,143,400 75 105 $441,912 $425,000

2020 $37,287,400 79 109 $471,992 $429,990

2021 $42,765,336 74 80 $577,910 $550,000

2022 $44,222,680 66 85 $670,041 $664,500

CONDOMINIUM & TOW NHOME

SALES VOLUME NO OF SALES AVG DAYS ON MARKET AVG SALE MEDIAN SALE

2018 $12,330,410 47 100 $262,349 $280,000

2019 $17,857,900 60 93 $297,632 $310,000

2020 $12,526,800 42 83 $298,257 $294,500

2021 $16,850,600 49 54 $343,890 $333,500

2022 $17,585,090 45 48 $390,780 $349,000

16%

in average sales price for single family homes from 2021

AVERAGE PRICE PER SQUARE FOOT

Single Family

2018

SALE VS. LIST PRICE COMPARISON

Single Family

AVG SALE/

in sales volume for condos & townhomes from 2021

Condominium & Townhome

2019 2020

$252

Condominium & Townhome

SALE/

The Slifer Report | Q3 2022 RFV | 11
LAST LISTED PRICE 99%
AVG
LAST LISTED PRICE 101%
2019 2020 2021 2022 $209 $209 $237 $258 $309
2018
2021 2022 $193 $207 $220
$298
increase
4% increase
* Data is gathered from Residential sales in New Castle from 11through 9 30 of each year

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Our teamof market expertsupdatesTheSlifer Report everyquarter.To seethelatest numbers and diveevendeeper into thereport visit: AspenRealEstate.com/Slifer-Report

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