Aspen Snowmass real estate monthly sales statistics and under contract activity for all Aspen, Snowmass Village, Woody Creek and Old Snowmass properties over $250,000 in the upper Roaring Fork Valley excluding fractionals. Monthly snapshots are published the first Monday of each month.
Click image for May 2012 Snapshot
Summary ComparisonMay 2012 vs May 2011(Now vs Then, Year over Year)
Total Aspen* Snowmass Market
- Unit Sales: up 4%, 24 sales now vs 23 sales then
- Year-to-Date Unit Sales: -12%, 151 sales now vs 172 then
- Dollar Volume: down -28%, $72M now vs $101M then
- Year-to-Date Dollar Volume: down -25%, $338M now vs $449M then
- Listing Inventory: fell –5%, 1,073 properties for sale now vs 1,135 then
Aspen* Market
- Unit Sales: up –11%, 21 sales now vs 19 sales then
- Year-to-Date Unit Sales: -9%, 86 sales now vs 95 then
- Dollar Volume: down –30%, $68M now vs $98M then
- Year-to-Date Dollar Volume: -27%, $277M now vs $379M then
- Listing Inventory: down –12%, 536 properties for sale now, 607 then
Snowmass Market
- Unit Sales: down –25%, 3 sales now vs 4 sales then
- Year-to-Date Unit Sales: -13%, 34 sales now vs 39 then
- Dollar Volume: up 40%, $3.9M now vs $2.8M then
- Year-to-Date Dollar Volume: down -13%, $61M now vs $70M then
- Listing Inventory: up 3%, 283 properties for sale now, 276 then
* Aspen includes Aspen, Woody Creek and Old Snowmass.
Comments
Although the May 2012 numbers continue to be off for the year, the differences year over year YTD in total unit sales (-10%) and total dollar volume (-25%) is narrowing especially most recently.
In early June 2012, there have been two noteworthy sales events: 1) The Prince Bandar Starwood estate closed at $49MM; 2) A 2008 built Maroon Creek riverfront estate, on the market since June 2007 at ask price $29.95M went under contract last week and is scheduled to close end of July.
These two sales should bring the year's total sales dollar volume closer to last year. The deficiency in total dollar sales for 2012 is largely due to the lack of 'big ticket', $10M + sales, in the first 5 months of this year. From 1/1/12 - 5/31/12, there were a total of (4) single family home sales over $10M of which three of the four were built newer than 2005; from 1/1/11 - 5/31/11, there were (12) sales over $10M of which eight of the twelve were built newer than 2005. Proof of new built developer inventory being depleted. New, at the new normal, sells.
List of Charts and Tables in May 2012 Market Snapshot
- The Estin Report: Total Aspen* Snowmass Market May 2012 YTD $ Sales Yearly Comparison Chart - Page 3
- The Estin Report: Total Aspen* Snowmass Market May 2012 YTD $ Sales Yearly Comparison Table - Page 3
- The Estin Report: Total Aspen* Snowmass Market May 2012 YTD Unit Sales Yearly Comparison Table - Page 3
- The Estin Report: Total Aspen* Snowmass Market Monthly Sales May 2012 - Page 4
- The Estin Report: Aspen* Monthly Sales May 2012 - Page 5
- The Estin Report: Snowmass Village Monthly Sales May 2012 - Page 6
* Aspen includes Aspen, Woody Creek and Old Snowmass.
May 2012 Sold Properties Links (Links to property details and photos are valid for 30 days until July 3, 2012)
- Aspen Residential Solds May 1-31, 2012: (over $250,000 - 20 solds)
- Aspen Lot Sale (Woody Creek) May 1-31, 2012 - (over $250,000 - 1 lot sold)
- Snowmass Village Residential Solds May 1-31, 2012: (over $250,000 - 3 solds)