Posted on July 2, 2015 by Mary Kate
Happy 4th of July from Aspen! The weather is perfect and town is packed. We love it! There are a ton of fun events going on this weekend. Have a safe and fun-filled weekend! Happy birthday U.S.A.
We are already half way through 2015. Here is a brief overview of the Aspen real estate market.Properties in the Aspen core are currently trading at $1,410 price per sq. ft. with an average sold price at $2,567,333. In 2014, Aspen core properties were trading at $1,299 price per sq. ft. with an average sold price at $2,832,244. 2015 Aspen sold volume is up at $440,317,800 compared to $420,187,092 in 2014. The number of transactions in 2015 is up at 132 compared to 116 in 2014. Snowmass properties are currently trading at $779 price per sq. ft. compared to $666 in 2014. The Snowmass average sold price in 2015 is $1,692,867 compared to $1,265,906 in 2014. In 2015, there have been 73 transactions compared to 80 in 2014. Properties are trading at a higher price per sq. ft., and sold volume is up. Inventory overall is down about 9.28% in Aspen through the last day of May 2015 compared to May 2014. In Snowmass and Basalt inventory is up about 3.5% and about 20% in Basalt. Overall pending sales have increased almost 40% today versus June 2014 in Aspen, about the same in Snowmass and twice as many sales pending in Basalt compared to May 2014. I expect inventory to continue to decrease and prices to rise through 2015.
Check out my full report below. Please call me for questions. I am here full time and ready to help you!
Click here to view the 2nd Quarter Marketing Report!
Happy Fourth of July!