Tory Thomas Market Report for the Roaring Fork Valley

Third Quarter 2018 vs 2017

MARKET REPORT

Aspen Snowmass Village Basalt Carbondale Glenwood Springs New Castle

A s p e n Sn ow m a s s SIR .c o m Source : As p e n Board of Real tors M ul t i p l e Li st i ng Service

Third Quarter 2018 vs 2017

ASPEN MARKET Single-Family Homes

16%

1%

23%

1%

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

% SOLD PRICE TO ORIGINAL LIST PRICE

2017 - $8,016,000 2018 - $6,712,340

2017 - $1,583 2018 - $1,592

2017 - 345 2018 - 265

2017 - 92% 2018 - 93%

49%

28%

29%

41%

LOWEST PRICE SOLD

HIGHEST PRICE SOLD

NUMBER OF PROPERTIES SOLD

TOTAL SALES VOLUME

2017 - $1,852,500 2018 - $937,500

2017 - $30,000,000 2018 - $21,500,000

2017 - 78 2018 - 55

2017 - $625,247,971 2018 - $369,178,707

Third Quarter 2018 vs 2017

ASPEN MARKET Condominiums/Townhomes/Duplexes

27%

11%

28%

1%

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

% SOLD PRICE TO ORIGINAL LIST PRICE

2017 - $2,191,326 2018 - $2,781,472

2017 - $1,377 2018 - $1,526

2017 - 241 2018 - 308

2017 - 95% 2018 - 94%

60%

73%

33%

15%

LOWEST PRICE SOLD

HIGHEST PRICE SOLD

NUMBER OF PROPERTIES SOLD

TOTAL SALES VOLUME

2017 - $149,000 2018 - $239,000

2017 - $10,631,000 2018 - $18,344,736

2017 - 142 2018 - 95

2017 - $311,168,358 2018 - $264,239,854

Third Quarter 2018 vs 2017

ASPEN MARKET Fractional

6%

7%

22%

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

2017 - $349,521 2018 - $369,537

2017 - $171 2018 - $182

2017 - 266 2018 - 207

108%

44%

22%

0%

% SOLD PRICE TO ORIGINAL LIST PRICE 2017 - 90% 2018 - 90%

18%

LOWEST PRICE SOLD

HIGHEST PRICE SOLD

NUMBER OF PROPERTIES SOLD

TOTAL SALES VOLUME

2017 - $4,800 2018 - $10,000

2017 - $1,600,000 2018 - $2,300,000

2017 - 76 2018 - 59

2017 - $26,563,586 2018 - $21,802,700

Local Market Update for September 2018 A Research Tool Provided by the Colorado Association of REALTORS®

Aspen September

Single Family

Thru 09-2017

Thru 9-2018

Percent Change from Previous Year

Key Metrics

2017

New Listings

8

7

- 12.5%

154

145

- 5.8%

Sold Listings

9

13

+ 44.4%

87

58

- 33.3%

Median Sales Price*

$6,675,000

$5,100,000

- 23.6%

$5,800,000

$5,262,500

- 9.3%

Average Sales Price*

$9,176,667

$5,463,462

- 40.5%

$7,321,367

$6,431,525

- 12.2%

91.2%

95.6%

+ 4.8%

92.2%

92.7%

+ 0.5%

Days on Market Until Sale

209

195

- 6.7%

238

185

- 22.3%

Inventory of Homes for Sale

178

162

- 9.0%

--

--

--

Months Supply of Inventory

19.1

24.0

+ 25.7%

--

--

--

Percent of List Price Received*

2018

Year to Date Percent Change from Previous Year

* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.

September

Townhouse-Condo

Year to Date

Key Metrics

2017

2018

Percent Change from Previous Year

New Listings

12

10

- 16.7%

183

160

- 12.6%

Sold Listings

23

13

- 43.5%

142

95

- 33.1%

Median Sales Price*

$1,987,500

$1,700,000

- 14.5%

$1,504,000

$1,600,000

+ 6.4%

Average Sales Price*

$2,912,522

$2,841,731

- 2.4%

$2,180,314

$2,781,472

+ 27.6%

96.3%

95.6%

- 0.7%

95.1%

94.4%

- 0.7%

Days on Market Until Sale

123

150

+ 22.0%

170

163

- 4.1%

Inventory of Homes for Sale

136

126

- 7.4%

--

--

--

Months Supply of Inventory

9.3

11.8

+ 26.9%

--

--

--

Percent of List Price Received*

Thru 09-2017

Thru 9-2018

Percent Change from Previous Year

* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.

Median Sales Price – Single Family Rolling 12-Month Calculation

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation Entire MLS — Aspen —

$7,000,000

Entire MLS — Aspen — $2,000,000

$6,000,000 $1,500,000

$5,000,000 $4,000,000

$1,000,000 $3,000,000 $2,000,000

$500,000

$1,000,000 $0 1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

$0 1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

Current as of October 3, 2018. All data from the Aspen/Glenwood Springs MLS Inc. Report © 2018 ShowingTime.

Third Quarter 2018 vs 2017

SNOWMASS VILLAGE MARKET Single-Family Homes

5%

2%

14%

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

2017 - $3,423,250 2018 - $3,252,932

2017 - $783 2018 - $764

2017 - 347 2018 - 297

12%

5%

31%

0%

% SOLD PRICE TO ORIGINAL LIST PRICE 2017 - 92% 2018 - 92%

24%

LOWEST PRICE SOLD

HIGHEST PRICE SOLD

NUMBER OF PROPERTIES SOLD

TOTAL SALES VOLUME

2017 - $1,250,000 2018 - $1,100,000

2017 - $10,100,000 2018 - $9,550,000

2017 - 26 2018 - 34

2017 - $89,004,500 2018 - $110,599,677

Third Quarter 2018 vs 2017

SNOWMASS VILLAGE MARKET Condominiums/Townhomes/Duplexes

25%

3%

42%

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

2017 - $957,754 2018 - $720,275

2017 - $622 2018 - $640

2017 - 367 2018 - 214

6%

23%

41%

0%

% SOLD PRICE TO ORIGINAL LIST PRICE 2017 - 95% 2018 - 95%

6%

LOWEST PRICE SOLD

HIGHEST PRICE SOLD

NUMBER OF PROPERTIES SOLD

TOTAL SALES VOLUME

2017 - $61,114 2018 - $57,500

2017 - $3,590,000 2018 - $4,425,000

2017 - 74 2018 - 104

2017 - $70,873,767 2018 - $74,908,600

Third Quarter 2018 vs 2017

SNOWMASS VILLAGE MARKET Fractional

9%

71%

44%

2%

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

% SOLD PRICE TO ORIGINAL LIST PRICE

2017 - $187,087 2018 - $203,029

2017 - $91 2018 - $156

2017 - 238 2018 - 133

2017 - 91% 2018 - 93%

14%

7%

26%

20%

LOWEST PRICE SOLD

HIGHEST PRICE SOLD

NUMBER OF PROPERTIES SOLD

TOTAL SALES VOLUME

2017 - $61,500 2018 - $70,000

2017 - $280,000 2018 - $300,000

2017 - 23 2018 - 17

2017 - $4,303,000 2018 - $3,451,500

Local Market Update for September 2018 A Research Tool Provided by the Colorado Association of REALTORS®

Snowmass Village September

Single Family

Year to Date Percent Change from Previous Year

Thru 09-2017

Thru 9-2018

Percent Change from Previous Year

Key Metrics

2017

2018

New Listings

3

5

+ 66.7%

61

67

+ 9.8%

Sold Listings

2

6

+ 200.0%

26

34

+ 30.8%

Median Sales Price*

$2,775,000

$2,860,000

+ 3.1%

$2,568,500

$2,775,000

+ 8.0%

Average Sales Price*

$2,775,000

$3,392,500

+ 22.3%

$3,423,250

$3,303,778

- 3.5%

98.8%

93.0%

- 5.9%

91.9%

93.4%

+ 1.6%

Days on Market Until Sale

326

220

- 32.5%

238

237

- 0.4%

Inventory of Homes for Sale

78

66

- 15.4%

--

--

--

Months Supply of Inventory

26.8

15.5

- 42.2%

--

--

--

Percent of List Price Received*

* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.

September

Townhouse-Condo Key Metrics

2017

2018

Year to Date Percent Change from Previous Year

Thru 09-2017

Thru 9-2018

Percent Change from Previous Year

New Listings

8

11

+ 37.5%

91

188

+ 106.6%

Sold Listings

10

14

+ 40.0%

74

104

+ 40.5%

Median Sales Price*

$522,000

$597,000

+ 14.4%

$560,500

$507,500

- 9.5%

Average Sales Price*

$1,152,900

$885,029

- 23.2%

$957,754

$720,275

- 24.8%

96.2%

96.2%

0.0%

95.2%

95.4%

+ 0.2%

Days on Market Until Sale

319

124

- 61.1%

252

138

- 45.2%

Inventory of Homes for Sale

137

133

- 2.9%

--

--

--

Months Supply of Inventory

15.5

11.9

- 23.2%

--

--

--

Percent of List Price Received*

* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.

Median Sales Price – Single Family Rolling 12-Month Calculation

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation Entire MLS — Snowmass Village —

$4,000,000

Entire MLS — Snowmass Village — $800,000

$700,000 $3,000,000 $600,000

$2,000,000

$500,000

$400,000 $1,000,000 $300,000

$0 1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

$200,000 1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

Current as of October 3, 2018. All data from the Aspen/Glenwood Springs MLS Inc. Report © 2018 ShowingTime.

Third Quarter 2018 vs 2017

WOODY CREEK MARKET Single-Family Homes

169%

54%

56%

8%

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

% SOLD PRICE TO ORIGINAL LIST PRICE

2017 - $2,431,667 2018 - $6,540,833

2017 - $558 2018 - $861

2017 - 503 2018 - 784

2017 - 93% 2018 - 86%

58%

279%

100%

438%

LOWEST PRICE SOLD

HIGHEST PRICE SOLD

NUMBER OF PROPERTIES SOLD

TOTAL SALES VOLUME

2017 - $1,295,000 2018 - $545,000

2017 - $3,700,000 2018 - $14,025,000

2017 - 3 2018 - 6

2017 - $7,295,000 2018 - $39,245,000

Local Market Update for September 2018 A Research Tool Provided by the Colorado Association of REALTORS®

Woody Creek September

Single Family

Year to Date

Key Metrics

2017

2018

Percent Change from Previous Year

New Listings

0

0

--

5

7

+ 40.0%

Sold Listings

0

2

--

3

6

+ 100.0%

Median Sales Price*

$0

$1,675,000

--

$2,300,000

$3,600,000

+ 56.5%

Average Sales Price*

$0

$1,675,000

--

$2,431,667

$5,044,000

+ 107.4%

0.0%

95.7%

--

93.4%

93.9%

+ 0.5%

Days on Market Until Sale

0

16

--

446

167

- 62.6%

Inventory of Homes for Sale

15

9

- 40.0%

--

--

--

Months Supply of Inventory

12.5

6.3

- 49.6%

--

--

--

Percent of List Price Received*

Thru 09-2017

Thru 9-2018

Percent Change from Previous Year

* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.

September

Townhouse-Condo

Year to Date

Key Metrics

2017

2018

Percent Change from Previous Year

New Listings

0

0

--

0

0

--

Sold Listings

0

0

--

0

0

--

Median Sales Price*

$0

$0

--

$0

$0

--

Average Sales Price*

$0

$0

--

$0

$0

--

0.0%

0.0%

--

0.0%

0.0%

--

Days on Market Until Sale

0

0

--

0

0

--

Inventory of Homes for Sale

0

0

--

--

--

--

Months Supply of Inventory

0.0

0.0

--

--

--

--

Percent of List Price Received*

Thru 09-2017

Thru 9-2018

Percent Change from Previous Year

* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.

Median Sales Price – Single Family Rolling 12-Month Calculation

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation Entire MLS — Woody Creek —

$14,000,000

Entire MLS — Woody Creek — $500,000

$12,000,000 $400,000 $10,000,000 $300,000

$8,000,000 $6,000,000

$200,000

$4,000,000 $100,000 $2,000,000 $0 1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

$0 1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

Current as of October 3, 2018. All data from the Aspen/Glenwood Springs MLS Inc. Report © 2018 ShowingTime.

Third Quarter 2018 vs 2017

OLD SNOWMASS MARKET Single-Family Homes

233%

129%

7%

3%

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

% SOLD PRICE TO ORIGINAL LIST PRICE

2017 - $1,228,556 2018 - $4,088,250

2017 - $437 2018 - $999

2017 - 430 2018 - 400

2017 - 91% 2018 - 94%

58%

135%

33%

344%

LOWEST PRICE SOLD

HIGHEST PRICE SOLD

NUMBER OF PROPERTIES SOLD

TOTAL SALES VOLUME

2017 - $495,000 2018 - $784,000

2017 - $4,900,000 2018 - $11,500,000

2017 - 9 2018 - 12

2017 - $11,057,000 2018 - $49,059,000

Local Market Update for September 2018 A Research Tool Provided by the Colorado Association of REALTORS®

Old Snowmass September

Single Family

Year to Date Percent Change from Previous Year

Thru 09-2017

Thru 9-2018

Percent Change from Previous Year

Key Metrics

2017

2018

New Listings

4

0

- 100.0%

37

25

- 32.4%

Sold Listings

1

2

+ 100.0%

11

15

+ 36.4%

Median Sales Price*

$637,500

$1,296,000

+ 103.3%

$760,000

$2,575,000

+ 238.8%

Average Sales Price*

$637,500

$1,296,000

+ 103.3%

$1,071,091

$3,336,200

+ 211.5%

91.7%

97.4%

+ 6.2%

92.9%

94.7%

+ 1.9%

Days on Market Until Sale

351

230

- 34.5%

187

214

+ 14.4%

Inventory of Homes for Sale

44

33

- 25.0%

--

--

--

Months Supply of Inventory

30.3

16.5

- 45.5%

--

--

--

Percent of List Price Received*

* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.

September

Townhouse-Condo

Year to Date

Key Metrics

2017

2018

Percent Change from Previous Year

New Listings

2

0

- 100.0%

7

2

- 71.4%

Sold Listings

1

0

- 100.0%

5

2

- 60.0%

Median Sales Price*

$270,000

$0

- 100.0%

$265,000

$337,000

+ 27.2%

Average Sales Price*

$270,000

$0

- 100.0%

$262,400

$337,000

+ 28.4%

94.7%

0.0%

- 100.0%

96.0%

97.8%

+ 1.9%

Percent of List Price Received*

Thru 09-2017

Thru 9-2018

Percent Change from Previous Year

Days on Market Until Sale

86

0

- 100.0%

124

43

- 65.3%

Inventory of Homes for Sale

4

1

- 75.0%

--

--

--

Months Supply of Inventory

4.0

0.8

- 80.0%

--

--

--

* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.

Median Sales Price – Single Family Rolling 12-Month Calculation

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation Entire MLS — Old Snowmass —

$4,000,000

Entire MLS — Old Snowmass — $500,000

$400,000 $3,000,000 $300,000 $2,000,000 $200,000 $1,000,000 $100,000

$0 1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

$0 1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

Current as of October 3, 2018. All data from the Aspen/Glenwood Springs MLS Inc. Report © 2018 ShowingTime.

Third Quarter 2018 vs 2017

BASALT MARKET Single Family Homes

16%

18%

14%

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

2017 - $911,384 2018 - $1,053,790

2017 - $346 2018 - $409

2017 - 197 2018 - 224

96%

11%

12%

0%

% SOLD PRICE TO ORIGINAL LIST PRICE 2017 - 95% 2018 - 95%

29%

LOWEST PRICE SOLD

HIGHEST PRICE SOLD

NUMBER OF PROPERTIES SOLD

TOTAL SALES VOLUME

2017 - $179,000 2018 - $350,000

2017 - $4,000,000 2018 - $3,575,000

2017 - 51 2018 - 57

2017 - $46,480,600 2018 - $60,066,009

Third Quarter 2018 vs 2017

BASALT MARKET Condominiums/Townhomes/Duplexes

8%

20%

25%

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

2017 - $547,436 2018 - $592,163

2017 - $373 2018 - $449

2017 - 151 2018 - 189

30%

14%

6%

0%

% SOLD PRICE TO ORIGINAL LIST PRICE 2017 - 98% 2018 - 98%

14%

LOWEST PRICE SOLD

HIGHEST PRICE SOLD

NUMBER OF PROPERTIES SOLD

TOTAL SALES VOLUME

2017 - $242,000 2018 - $314,000

2017 - $1,450,000 2018 - $1,245,000

2017 - 53 2018 - 56

2017 - $29,014,128 2018 - $33,161,130

Local Market Update for September 2018 A Research Tool Provided by the Colorado Association of REALTORS®

Basalt September

Single Family

Year to Date

Key Metrics

2017

2018

Percent Change from Previous Year

New Listings

5

4

- 20.0%

78

75

- 3.8%

Sold Listings

6

4

- 33.3%

31

43

+ 38.7%

Thru 09-2017

Thru 9-2018

Percent Change from Previous Year

Median Sales Price*

$846,800

$965,500

+ 14.0%

$810,000

$902,000

+ 11.4%

Average Sales Price*

$1,313,933

$1,084,000

- 17.5%

$1,083,213

$1,189,891

+ 9.8%

90.8%

97.4%

+ 7.3%

94.5%

94.7%

+ 0.2%

Days on Market Until Sale

387

165

- 57.4%

208

136

- 34.6%

Inventory of Homes for Sale

70

43

- 38.6%

--

--

--

Months Supply of Inventory

14.9

7.6

- 49.0%

--

--

--

Percent of List Price Received*

* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.

September

Townhouse-Condo

Year to Date

Key Metrics

2017

2018

Percent Change from Previous Year

Thru 09-2017

Thru 9-2018

Percent Change from Previous Year

New Listings

4

9

Sold Listings

6

9

+ 125.0%

71

88

+ 23.9%

+ 50.0%

47

51

+ 8.5%

Median Sales Price*

$504,500

Average Sales Price*

$640,333

$535,000

+ 6.0%

$485,000

$520,000

+ 7.2%

$576,867

- 9.9%

$543,843

$583,885

+ 7.4%

97.4%

97.1%

- 0.3%

97.5%

98.2%

+ 0.7%

Days on Market Until Sale

66

263

+ 298.5%

70

147

+ 110.0%

Inventory of Homes for Sale

39

40

+ 2.6%

--

--

--

Months Supply of Inventory

6.1

5.9

- 3.3%

--

--

--

Percent of List Price Received*

* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.

Median Sales Price – Single Family Rolling 12-Month Calculation

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation Entire MLS — Basalt —

$1,000,000

Entire MLS — Basalt — $500,000

$450,000 $800,000 $400,000

$600,000

$350,000

$300,000 $400,000 $250,000

$200,000 1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

$200,000 1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

Current as of October 3, 2018. All data from the Aspen/Glenwood Springs MLS Inc. Report © 2018 ShowingTime.

Local Market Update for September 2018 A Research Tool Provided by the Colorado Association of REALTORS®

Missouri Heights September

Single Family

Year to Date

Key Metrics

2017

2018

Percent Change from Previous Year

New Listings

3

7

+ 133.3%

48

51

+ 6.3%

Sold Listings

4

4

0.0%

23

31

+ 34.8%

Median Sales Price*

$841,000

$1,050,000

+ 24.9%

$775,000

$795,000

+ 2.6%

Average Sales Price*

$820,500

$1,155,750

+ 40.9%

$1,033,811

$878,073

- 15.1%

92.1%

94.6%

+ 2.7%

95.6%

95.7%

+ 0.1%

Days on Market Until Sale

173

267

+ 54.3%

194

156

- 19.6%

Inventory of Homes for Sale

41

37

- 9.8%

--

--

--

Months Supply of Inventory

13.2

9.9

- 25.0%

--

--

--

Percent of List Price Received*

Thru 09-2017

Thru 9-2018

Percent Change from Previous Year

* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.

September

Townhouse-Condo

Year to Date

Key Metrics

2017

2018

Percent Change from Previous Year

New Listings

0

0

--

0

0

--

Sold Listings

0

0

--

0

0

--

Median Sales Price*

$0

$0

--

$0

$0

--

Average Sales Price*

$0

$0

--

$0

$0

--

0.0%

0.0%

--

0.0%

0.0%

--

Days on Market Until Sale

0

0

--

0

0

--

Inventory of Homes for Sale

0

0

--

--

--

--

Months Supply of Inventory

0.0

0.0

--

--

--

--

Percent of List Price Received*

Thru 09-2017

Thru 9-2018

Percent Change from Previous Year

* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.

Median Sales Price – Single Family Rolling 12-Month Calculation

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation Entire MLS — Missouri Heights —

$1,000,000

Entire MLS — Missouri Heights — $500,000

$400,000 $800,000 $300,000 $600,000 $200,000 $400,000 $100,000

$200,000 1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

$0 1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

Current as of October 3, 2018. All data from the Aspen/Glenwood Springs MLS Inc. Report © 2018 ShowingTime.

Third Quarter 2018 vs 2017

CARBONDALE MARKET Single Family Homes

5%

14%

16%

1%

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

% SOLD PRICE TO ORIGINAL LIST PRICE

2017 - $821,778 2018 - $866,617

2017 - $271 2018 - $308

2017 - 174 2018 - 147

2017 - 96% 2018 - 95%

6%

25%

18%

24%

LOWEST PRICE SOLD

HIGHEST PRICE SOLD

NUMBER OF PROPERTIES SOLD

TOTAL SALES VOLUME

2017 - $345,000 2018 - $325,000

2017 - $2,000,000 2018 - $2,500,000

2017 - 67 2018 - 79

2017 - $55,059,100 2018 - $68,462,777

Third Quarter 2018 vs 2017

CARBONDALE MARKET Condominiums/Townhomes/Duplexes

13%

12%

26%

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

2017 - $458,310 2018 - $516,645

2017 - $270 2018 - $302

2017 - 182 2018 - 135

6%

5%

13%

0%

% SOLD PRICE TO ORIGINAL LIST PRICE 2017 - 97% 2018 - 97%

2%

LOWEST PRICE SOLD

HIGHEST PRICE SOLD

NUMBER OF PROPERTIES SOLD

TOTAL SALES VOLUME

2017 - $187,000 2018 - $176,000

2017 - $1,070,000 2018 - $1,125,000

2017 - 54 2018 - 47

2017 - $24,748,715 2018 - $24,282,307

Local Market Update for September 2018 A Research Tool Provided by the Colorado Association of REALTORS®

Carbondale September

Single Family

Year to Date

Key Metrics

2017

2018

Percent Change from Previous Year

New Listings

12

22

+ 83.3%

214

199

- 7.0%

Sold Listings

9

13

+ 44.4%

117

123

+ 5.1%

Median Sales Price*

$795,000

$700,000

- 11.9%

$680,000

$769,500

+ 13.2%

Average Sales Price*

$809,111

$858,923

+ 6.2%

$812,447

$850,691

+ 4.7%

93.3%

96.6%

+ 3.5%

95.8%

96.5%

+ 0.7%

Days on Market Until Sale

154

119

- 22.7%

130

119

- 8.5%

Inventory of Homes for Sale

135

105

- 22.2%

--

--

--

Months Supply of Inventory

10.1

7.3

- 27.7%

--

--

--

Percent of List Price Received*

Thru 09-2017

Thru 9-2018

Percent Change from Previous Year

* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.

September

Townhouse-Condo Key Metrics

2017

2018

New Listings

6

6

Sold Listings

4

3

Median Sales Price*

$524,000

$535,000

Average Sales Price*

$608,000

$523,333

93.2%

96.9%

Percent of List Price Received*

Year to Date Percent Change from Previous Year

Percent Change from Previous Year

Thru 09-2017

Thru 9-2018

0.0%

69

71

+ 2.9%

- 25.0%

60

51

- 15.0%

+ 2.1%

$422,500

$475,000

+ 12.4%

- 13.9%

$470,037

$530,300

+ 12.8%

+ 4.0%

97.2%

97.3%

+ 0.1%

Days on Market Until Sale

161

17

- 89.4%

156

97

- 37.8%

Inventory of Homes for Sale

41

31

- 24.4%

--

--

--

Months Supply of Inventory

6.0

5.2

- 13.3%

--

--

--

* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.

Median Sales Price – Single Family Rolling 12-Month Calculation

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation Entire MLS — Carbondale —

Entire MLS — Carbondale —

$800,000

$500,000

$700,000

$450,000

$600,000

$400,000

$500,000

$350,000

$400,000

$300,000

$300,000

$250,000

$200,000 1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

$200,000 1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

Current as of October 3, 2018. All data from the Aspen/Glenwood Springs MLS Inc. Report © 2018 ShowingTime.

Third Quarter 2018 vs 2017

GLENWOOD SPRINGS MARKET Single Family Homes

4%

1%

8%

1%

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

% SOLD PRICE TO ORIGINAL LIST PRICE

2017 - $558,613 2018 - $582,669

2017 - $240 2018 - $242

2017 - 121 2018 - 111

2017 - 97% 2018 - 98%

71%

9%

9%

14%

LOWEST PRICE SOLD

HIGHEST PRICE SOLD

NUMBER OF PROPERTIES SOLD

TOTAL SALES VOLUME

2017 - $140,000 2018 - $239,000

2017 - $1,369,000 2018 - $1,245,000

2017 - 121 2018 - 132

2017 - $67,592,220 2018 - $76,912,371

w w w.v i s i t g l e n w o o d .c o m

Third Quarter 2018 vs 2017

GLENWOOD SPRINGS MARKET Condominiums/Townhomes/Duplexes

1%

3%

14%

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

2017 - $300,244 2018 - $304,447

2017 - $233 2018 - $226

2017 - 96 2018 - 83

35%

3%

2%

0%

% SOLD PRICE TO ORIGINAL LIST PRICE 2017 - 98% 2018 - 98%

3%

LOWEST PRICE SOLD

HIGHEST PRICE SOLD

NUMBER OF PROPERTIES SOLD

TOTAL SALES VOLUME

2017 - $62,000 2018 - $40,000

2017 - $610,000 2018 - $630,000

2017 - 57 2018 - 58

2017 - $17,113,936 2018 - $17,657,900

Local Market Update for September 2018 A Research Tool Provided by the Colorado Association of REALTORS®

Glenwood Springs September

Single Family

Year to Date

Key Metrics

2017

2018

Percent Change from Previous Year

New Listings

15

19

+ 26.7%

199

192

- 3.5%

Sold Listings

18

19

+ 5.6%

123

133

+ 8.1%

Median Sales Price*

$527,000

$520,000

- 1.3%

$507,000

$549,000

+ 8.3%

Average Sales Price*

$587,923

$527,843

- 10.2%

$560,416

$582,687

+ 4.0%

96.5%

97.1%

+ 0.6%

97.4%

97.5%

+ 0.1%

Percent of List Price Received*

Thru 09-2017

Thru 9-2018

Percent Change from Previous Year

Days on Market Until Sale

110

62

- 43.6%

77

67

- 13.0%

Inventory of Homes for Sale

98

69

- 29.6%

--

--

--

Months Supply of Inventory

7.5

4.8

- 36.0%

--

--

--

* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.

September

Townhouse-Condo

Year to Date

Key Metrics

2017

2018

Percent Change from Previous Year

New Listings

8

9

+ 12.5%

75

87

+ 16.0%

Sold Listings

5

7

+ 40.0%

58

58

0.0%

Median Sales Price*

$315,000

$295,000

- 6.3%

$295,000

$310,000

+ 5.1%

Average Sales Price*

$300,500

$285,929

- 4.8%

$296,533

$304,447

+ 2.7%

99.0%

94.9%

- 4.1%

97.8%

97.9%

+ 0.1%

Percent of List Price Received*

Thru 09-2017

Thru 9-2018

Percent Change from Previous Year

Days on Market Until Sale

107

86

- 19.6%

49

55

+ 12.2%

Inventory of Homes for Sale

23

22

- 4.3%

--

--

--

Months Supply of Inventory

4.3

3.5

- 18.6%

--

--

--

* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.

Median Sales Price – Single Family Rolling 12-Month Calculation

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation Entire MLS — Glenwood Springs —

Entire MLS — Glenwood Springs —

$600,000

$500,000

$500,000

$400,000

$400,000

$300,000

$300,000

$200,000

$200,000 1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

$100,000 1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

Current as of October 3, 2018. All data from the Aspen/Glenwood Springs MLS Inc. Report © 2018 ShowingTime.

Third Quarter 2018 vs 2017

NEW CASTLE MARKET Single Family Homes

5%

9%

13%

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

2017 - $400,746 2018 - $420,565

2017 - $192 2018 - $209

2017 - 119 2018 - 103

86%

46%

5%

LOWEST PRICE SOLD

HIGHEST PRICE SOLD

NUMBER OF PROPERTIES SOLD

2017 - $110,000 2018 - $205,000

2017 - $1,150,000 2018 - $624,000

2017 - 85 2018 - 81

0%

% SOLD PRICE TO ORIGINAL LIST PRICE 2017 - 98% 2018 - 98%

0%

TOTAL SALES VOLUME 2017 - $34,063,387 2018 - $34,065,772

Third Quarter 2018 vs 2017

NEW CASTLE MARKET Condominiums/Townhomes/Duplexes

1%

3%

2%

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE DAYS ON MARKET

2017 - $264,486 2018 - $262,349

2017 - $188 2018 - $193

2017 - 98 2018 - 100

6%

9%

47%

0%

% SOLD PRICE TO ORIGINAL LIST PRICE 2017 - 99% 2018 - 99%

46%

LOWEST PRICE SOLD

HIGHEST PRICE SOLD

NUMBER OF PROPERTIES SOLD

TOTAL SALES VOLUME

2017 - $159,900 2018 - $169,000

2017 - $405,000 2018 - $368,410

2017 - 32 2018 - 47

2017 - $8,463,550 2018 - $12,330,410

Local Market Update for September 2018 A Research Tool Provided by the Colorado Association of REALTORS®

New Castle September

Single Family

Year to Date

Key Metrics

2017

2018

Percent Change from Previous Year

New Listings

10

13

+ 30.0%

111

114

+ 2.7%

Sold Listings

10

9

- 10.0%

85

82

- 3.5%

Median Sales Price*

$417,000

$403,000

- 3.4%

$390,000

$401,000

+ 2.8%

Average Sales Price*

$406,900

$428,389

+ 5.3%

$400,746

$420,924

+ 5.0%

96.9%

98.4%

+ 1.5%

98.1%

98.4%

+ 0.3%

Days on Market Until Sale

45

50

+ 11.1%

72

64

- 11.1%

Inventory of Homes for Sale

43

32

- 25.6%

--

--

--

Months Supply of Inventory

5.0

3.9

- 22.0%

--

--

--

Percent of List Price Received*

Thru 09-2017

Thru 9-2018

Percent Change from Previous Year

* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.

September

Townhouse-Condo

Thru 09-2017

Thru 9-2018

Percent Change from Previous Year

--

49

64

+ 30.6%

+ 66.7%

32

47

+ 46.9%

+ 54.7%

$270,250

$280,000

+ 3.6%

+ 23.5%

$264,486

$262,349

- 0.8%

98.0%

- 0.7%

98.9%

99.4%

+ 0.5%

46

79

+ 71.7%

55

58

+ 5.5%

15

10

- 33.3%

--

--

--

3.8

1.9

- 50.0%

--

--

--

Key Metrics

2017

2018

New Listings

0

3

Sold Listings

3

5

Median Sales Price*

$181,000

$280,000

Average Sales Price*

$216,000

$266,800

98.7%

Days on Market Until Sale Inventory of Homes for Sale Months Supply of Inventory

Percent of List Price Received*

Year to Date Percent Change from Previous Year

* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.

Median Sales Price – Single Family Rolling 12-Month Calculation

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation Entire MLS — New Castle —

$500,000

Entire MLS — New Castle — $500,000

$400,000 $400,000 $300,000 $300,000 $200,000 $200,000 $100,000

$100,000 1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

$0 1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

Current as of October 3, 2018. All data from the Aspen/Glenwood Springs MLS Inc. Report © 2018 ShowingTime.