SEPTEMBERMARKETLUXURYREPORTASPEN2022 AJAX REAL ESTATE TEAM
www.AjaxRealEstateTeam.comJFlynn@MasonMorse.com
Global Luxury Specialist, Broker Associate, ABR, CLHMS 970.948.4915
WorkingAspen.
Johnryan comes to Coldwell Banker Mason Morse from Hilton Head, South Carolina and Boston Massachusetts. With 21 years of background in residential building and development, he has completed over 100 homes in the Hilton Head and Charleston areas. Likewise, with his additional experience selling real estate for the last 20 years, his knowledge in the industry is an asset in assisting buyers and sellers of residential, commercial and land development.
with the Ajax Real Estate Team is like joining a close family with aligned goals, hunger for success and team player attitudes.
Amanda, a marketing and advertising maven founded Upwardly Social in 2012 and went on to produce the Social Media Strategies Summit hosted in Las Vegas, the highest-grossing digital marketing conference of 2013. Once relocating from Santa Monica, CA to Aspen, CO, she changed her focus to real estate marketing full-time, including facilitating community approval for the Lift One Corridor on Aspen’s mountainside. Since joining the Ajax Real Estate Team as a Broker Associate at Coldwell Banker Mason Morse in October of 2020, she has sold over $14 million in her first year and represents 12 luxury rentals within downtown
AMANDA VANDERPOOL FLYNN
Johnryan and Amanda Vanderpool Flynn, both found their love for the mountain lifestyle and have been a part of the Aspen community for the last 16 years. Through their past work, they have extensive backgrounds in marketing, real estate sales and development.
JOHNRYANAmanda@MasonMorse.comFLYNN
Global Luxury Specialist, Broker Associate, ABR, CLHMS 310.874.7101
2022 SEPTEMBER
ASPEN COLORADO
$11,000,000 - $12,999,999
$29,000,000 - $31,999,999
$23,000,000 - $25,999,999
$2,000,000 - $2,999,999
$17,000,000 - $19,999,999
9 1 2 3 8 6 14 8 7 9 10 11 10 5 2 0 0 1 0 0 0 0 0 1 2 1 1 1 0 0
$13,000,000 - $14,999,999
$35,000,000+
$7,000,000 - $8,999,999
Inventory Sales
$3,000,000 - $4,999,999
$32,000,000 - $34,999,999
Square-Range-Feet3 -MedianPriceSold- -MedianBedsSold- -MedianBathsSold- -Total-Sold Inventory-Total- Sales -Sold/Inventory-Ratio 0 - 2,999 $6,300,000 3 4 1 21 5% 3,000 - 3,999 $10,810,000 4 5 3 21 14% 4,000 - 4,999 $11,675,000 5 5 2 18 11% 5,000 - 5,999 NA NA NA 0 14 0% 6,000 - 6,999 NA NA NA 0 8 0% 7,000+ $30,000,000 4 6 1 23 4% ASPEN SINGLE FAMILY HOMES LUXURY INVENTORY VS. SALES | AUGUST 2022 Luxury Benchmark Price 1: $2,000,000 Buyer's Market105Total Inventory: 7Total Sales: 7%Total Sales Ratio2: 1 The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory.
$26,000,000 - $28,999,999
$5,000,000 - $6,999,999
$15,000,000 - $16,999,999
$9,000,000 - $10,999,999
$20,000,000 - $22,999,999
MEDIAN DATA REVIEW | AUGUST 13 - MONTH LUXURY MARKET TREND 4 SoldsMedian Sales Price Inventory 93 90 84 67 52 53 57 63 50 60 89 100 105 17 17 16 19 23 8 8 10 15 7 7 7 7 $6,650,000 $10,600,000 $9,550,000 $8,600,000 $10,950,000 $14,550,000 $15,087,500 $10,400,000 $9,975,000 $35,000,000 $11,400,000 $7,495,000 $11,500,000 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 3Square foot table does not account for listings and solds where square foot data is not disclosed. 4Data reported includes Active and Sold properties and does not include Pending properties. • The Aspen single-family luxury market is a Buyer's Market with a 7% Sales Ratio. • Homes sold for a median of 99.22% of list price in August 2022. • The most active price band is $29,000,000-$31,999,999, where the sales ratio is 50% • The median luxury sales price for single-family homes is $11,500,000. • The median days on market for August 2022 was 76 days, down from 101 in August 2021. ASPEN SINGLE FAMILY HOMES ASPEN MARKET SUMMARY | AUGUST 2022 VARIANCE: 13 % 93 105 Aug. 2021 Aug. 2022 TOTAL INVENTORY VARIANCE: 59 % 17 7 TOTAL SOLDS VARIANCE: 73 % $6.65m $11.5m SALES PRICE VARIANCE: 25 % 101 76 DAYS ON MARKET VARIANCE: 5 % 94.17% 99.22% SALE TO LIST PRICE RATIO VARIANCE: 27 % $2,133 $2,707 SALE PRICE PER SQFT. Aug. 2021 Aug. 2022 Aug. 2021 Aug. 2022 Aug. 2021 Aug. 2022 Aug. 2021 Aug. 2022 Aug. 2021 Aug. 2022
Inventory Sales
$5,300,000 - $5,799,999
$2,200,000 - $2,399,999
$7,500,000+
$6,300,000 - $6,899,999
$2,400,000 - $2,599,999
$2,800,000 - $3,299,999
4 1 1 4 1 1 4 4 7 7 2 1 3 0 2 1 0 0 0 0 0 1 2 0 0 0 1 0 0 0
$3,800,000 - $4,299,999
$1,800,000 - $1,999,999
$3,300,000 - $3,799,999
$2,600,000 - $2,799,999
$5,800,000 - $6,299,999
ASPEN ATTACHED HOMES Square-Range-Feet3 -MedianPriceSold- -MedianBedsSold- -MedianBathsSold- -Total-Sold Inventory-Total- Sales -Sold/Inventory-Ratio 0 - 499 NA NA NA 0 1 0% 500 - 999 $3,200,000 2 2 2 19 11% 1,000 - 1,499 $4,237,500 3 2 2 14 14% 1,500 - 1,999 NA NA NA 0 3 0% 2,000 - 2,499 NA NA NA 0 2 0% 2,500+ $13,500,000 3 4 1 3 33% LUXURY INVENTORY VS. SALES | AUGUST 2022 Luxury Benchmark Price 1: $1,800,000 Buyer's Market42Total Inventory: 5Total Sales: 12%Total Sales Ratio2: 1 The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory.
$4,800,000 - $5,299,999
$6,900,000 - $7,499,999
$4,300,000 - $4,799,999
$2,000,000 - $2,199,999
40 34 25 22 18 13 13 17 14 17 28 35 42 10 11 13 10 8 7 5 5 5 5 6 1 5 $2,696,250 $3,000,000 $2,600,000 $2,925,000 $3,945,000 $2,950,000 $3,350,000 $2,950,000 $3,125,000 $7,000,000 $5,200,000 $5,500,000 $4,125,000 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 SoldsSale Price Inventory 3Square foot table does not account for listings and solds where square foot data is not disclosed. 4Data reported includes Active and Sold properties and does not include Pending properties. 13 - MONTH LUXURY MARKET TREND 4 VARIANCE: 5 % 40 42 VARIANCE: 50 % 10 5 VARIANCE: 53 % $2.70m $4.13m SALES PRICE VARIANCE: 41 % 113 67 DAYS ON MARKET VARIANCE: 3 % 99.63% 96.67% SALE TO LIST PRICE RATIO VARIANCE: 53 % $2,622 $4,000 SALE PRICE PER ASPENSQFT. MARKET SUMMARY | AUGUST 2022 ASPEN ATTACHED HOMES • The Aspen attached luxury market is a Buyer's Market with a 12% Sales Ratio. • Homes sold for a median of 96.67% of list price in August 2022. • The most active price band is $2,400,000-$2,599,999, where the sales ratio is 100% • The median luxury sales price for attached homes is $4,125,000. • The median days on market for August 2022 was 67 days, down from 113 in August 2021. Aug. 2021 Aug. 2022 Aug. 2021 Aug. 2022 Aug. 2021 Aug. 2022 Aug. 2021 Aug. 2022 Aug. 2021 Aug. 2022 Aug. 2021 Aug. 2022 MEDIAN DATA REVIEW | AUGUST TOTAL INVENTORY TOTAL SOLDS
AJAX REAL ESTATE TEAM 310.874.7101 | amanda@masonmorse.com | www.AjaxRealEstateTeam.com
- Ajax Real Estate Team
Thank you for taking time to view this report. For more information about this report and the services I can offer you and your luxury property, please give us a call at 310.874.7101.
