— 2nd Quarter of 2014 —
The Aspen Board of Realtors’ data on key geographical areas …
Aspen Report
On Single Family Homes, the inventory has dropped by 28% reducing the supply of inventory from 30 months to 18 months. Average days on market has dropped from 353 to 242. The Townhouse/Condo segment of the market is even hotter, with supplies of inventory dropping to 14.5 months. But another big change is the average price of a condo has gone from $1,433,000 to $2,171,000 an increase of 51.5% from 2013 2nd quarter through second quarter 2014
To View the Report click HERE
Snowmass Village Report
Not so drastic a change in this report, though the Monthly supply of inventory for Single Family homes has dropped from 28 months to 22 months, so it appears that Snowmass is heading in the same direction, with the market beginning to favor Sellers. The Condo prices have risen by 25% from same time 2013 to 2014.
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Old Snowmass
Prices show a dramatic increase of sales price but because the number of Sold properties is only four it is easy to distort the numbers.
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Basalt Report
New listings are up relative to the Up Valley properties, but that’s understandable given that these are the first favorable sales conditions we’ve had since the crash. With prices of Single Family homes up 28% and condos up 31% year to date, Sellers now have a chance to get out from under the burden of what was once a mortgage that was higher than the value of their home.
To view Report click HERE
Carbondale Report
Again listings are up but so are prices of Single Family Homes—-by 35%, and 10% on condos. Inventory is up for similar reasons, the market has improved enough, Sellers are able to sell their property without taking as big a loss.
To view Report click HERE
Glenwood Springs Report
Glenwood has been the one steady market rising moderately throughout the last 18 months. Though the Single Family market has increased 17% in prices from 2013, Condos have shown a whopping 40% increase. We have to consider that short sales and foreclosures for the most part are off the table. That alone contributes greatly to the increase in sales prices.
To view Report click HERE
Missouri Heights Report
This is really nice to see in a market that stagnated throughout the crash. Sales prices of Homes are up 63% year to date over 2013.
To view Report click HERE