Snowmass Village Real Estate Analysis February 5, 2016

Posted on February 5, 2016 by Chris Klug

Snowmass Village Condo Analysis February 4, 2016

enter image description here

I have been busy the past weeks with a lot of Snowmass Village condo activity. I think it’s such a great value today that I’m building a new single-family home there for my family. We’re so excited to be moving to Snowmass. Snowmass has never traded at a bigger discount to Aspen then today. It’s selling for about half the average sold price per sq. ft. of Aspen for all property types. On top of that there is such a strong seasonal and full-time rental demand in the upper Roaring Fork Valley with families looking to get into the Aspen School District with the number on school in the state and #24 in the country, and very little vacancy. Many Aspenites, myself included have been priced out of the Aspen single-family market, yet there are still some great opportunities in Snowmass Village. I know so many young families that have moved to Snowmass in the past year and more that are headed there this year. It’s the place to be!

I feel like everyone is holding their collective breath waiting for some clarity on base village. I believe once the future picture is clearer we will see increased activity and appreciation again. I think there are some incredible real estate opportunities at one of the best family ski/snowboard resorts in the world, not to mention one of the best single-track mountain biking destinations.

Below are some stats that I wanted to share with you from some research I’ve done on behalf of my clients the past week:

  • There are 184 actively listed condos in Snowmass Village today at an average list price of $1,239,326 and an average list price per sq. ft. of $790 with 332 average days on market.
  • 8 condos are pending sale in Snowmass Village today.
  • 94 condos have traded in Snowmass Village the past year at an average sale price of $892,268, 93% sale/list and 355 ADOM
  • An almost two year supply of condos exists today in Snowmass Village
  • 61 single-family homes are on the market in Snowmass Village today at an average list price of $5,724,918 and an average list price per sq. ft. of $1,134 with 316 average days on market.
  • 6 homes are pending sale in Snowmass at an averae list price of $3,813,333 and $910 list price per sq. ft.
  • 33 homes sold the past year at an average sold price of $4,170,709, 91% sale/list and $941 sold price per sq. ft.
  • There is about a twenty month supply of single-family homes in Snowmass today.
  • There are currently 32 actively listed four-bedroom plus Snowmass Village condos on the market at an average list price of $2,598,516 and an average list price per sq. ft. of $978.96 and an ADOM of 298 days.
  • 9 four-bedroom + condos have sold in Snowmass Village the past year at an average sale price of $2,725,667, 92% sale/list with an average sold price per sq. ft. of $844 and 399 ADOM.
  • 5 ski-in/ski-out four-bedroom condos sold the past year in Snowmass Village at an average sale price of $2,846,200, 91% sale/list and an average sold price per sq. ft. of $863.92 with 481 ADOM.
  • There are currently 25 actively listed four-bedroom + Snowmass Village condos on the market today with 1 pending sale, #60, with an average list price of $2,743,688, $1,026 list price per sq. ft. and an ADOM of 298 days.
  • The absorption rate for four-bed plus condos in Snowmass Village is 60 months.

I hope this is helpful. Contact me if you'd like more information on Snowmass Village condo and single-family properties. Happy winter season!

Chris Klug

Share:
Tags:

Categories

Art
BBQ
CEO

Topics

$10 Million Dollar Sales 10 Million Dollar Sale 1110 E. Waters Ave 120 Red Mountain Road 1200 Kessler Drive 1417 Sierra Vista 15 Placer Lane 1581 Wood Road 185 Popcorn Lane 2014 sales recap 2nd Quarter Market Update 321 Oak Lane 47 Bennet Court 511 Edgewood Ln. 5point Film 768 Hunter Creek Road Absolute Auction ACES Adventure Ajax Tavern ale house Anaconda sculpture Anderson Ranch Apres apresmusicfestival Apresski April 2010 Market Art Art Events Aspen Aspen Activities Aspen Air Port Aspen Aspen CORE West End Aspen Bucket List Aspen Choral Society Aspen Club And Spa Aspen Condos Aspen Core is strong market Aspen Fire Department Aspen Highlands Market Aspen Institute Aspen local swim spots Aspen Market Aspen Mountain Aspen Music Festival Aspen Powder Day Aspen Powder Tours Aspen Real Esate Aspen Real Estate Aspen Real Estate Transactions Aspen Sales Aspen Santa Fe Ballet Aspen Square Hotel Aspen Square Update Aspen Villas C-2 aspenrealestate Aspensnowmass August Real Estate Avalanche Ranch Hot Springs Ballet Banked Slalom Race Base Camp Bauhaus movement Belly Up Bicycledecorating Big Air Billionaire Buys in Aspen Bird Watching BOO! Bash boogiebuddyrace Bronco Riding Buttermilk k9 Uphill Buy Now in Aspen Buyer's Have Urgency Buyer's Market Buyer's Market Cemetery Lane Market Chocolatebar Chris Klug Foundation cider CiderMass Climate Change closing day Concert Copper to Aspen cross-country skiing Culture Dinner DJ Donovan Frankenreiter Down Valley Real Estate Down Valley Tour of Homes Downvalleyrealestate Drive Experience Ed Harrold End of the Summer Environmental Events extended ski season Fall Favorite Aspen Escapes Film Festival Fire works First Snow flyfishingfilmfestival Food & Wine Aspen Full Moon Grand Tasting Grand Traverse Happy Easter Happy Fourth of July Happy Gay Ski Week Happy Passover Harvest Party Herbert Bayer Highlands Bowl Highlands Closing Party Hiking History holidays Ice Skating internationalrealty Inventory is down January 2015 Market Update January Real Estate Activity Jazz Aspen Jazz Aspen/Snowmass Jeremy Swanson Photography Kick Aspen klugproperties Lack of Inventory Lamborghiniurus Laugh Lead With Love Leadville100 Limelight Hotel Snowmass Lissa Ballinger Live Music Living Aspen local events Lots of activity Lotus Luxury Properties Luxury Real Estate Mammoth Festival March Madness MArdi Gras Market Analysis Market is looking up Market Update Maroon Bells Maroon Creek Maru May 2015 Numbers Mind Body Athlete missouri heights MLK Motoring Classic mountain biking Museum Music NASTAR New Construction in Snowmass New Listing at Aspen Square New Listing at Starwood New York Timess Nile Thompson Notable Sales Off Season Off-Season One Snowmass Open House Open House at Ashcroft parade Passapalooza Paulson Buys Home in Aspen Pent House Sale Pent House Sold Pine Creek Cookhouse Pitkin County Sales Powder Power of Four President Presidents Day Prices are Up Properties Not Moving Pub Crawl Real Estate Transactions Reasons to Buy Recent Sales Recreational Red Mountain Residents at Viceroy Snowmass Resort Town Restaurants Ride for the Pass River Front Robert Couturier Sales Are Up Sam's SchneeTag Season Ending September in Aspen Sinclair Road Ski Ski Party Ski Town Skiing Sky Residences Snow Snow Sports Snowamss Balloon Festival Snowmass Snowmass Base Village Snowmass Real Estate Snowmass Rodeo Snowmass SeptemberFest Snowmass Viceroy Sales Snowmass Village Snowmass Wine Festival snowmassrealestate Sold Properties Spooktacular Creepy Crafts Spring Jam in Aspen Spring Skiing spring tour Stage 3 Pro Challenge Starwood Properties stingcheeseincident Strong Aspen Market Strong First Quarter Strong Market Strong Market in Aspen Stronger prices Sumer 2019 Summer Hikes & Bike Rides Summer in Aspen summer swimming holes Summer2019 Susan Komen Tedeschi Trucks Band Ten Million Dollar Properties The Gant The Little Nell The String Cheese Incident Time Travel Tours trail running travel channel treats Umphery's McGee Uphill USA Pro Challenge W Aspen Weekends in Aspen Weller Lake West End Winter X Games Winterskol Woodrun Xavier Rudd YTD Sales Volume
Chris Klug Aspen Real Estate Broker Headshot Klug Properties Tag Line

Real Estate Website Design, Development and Optimization by Organic Return