February 2015 Klug Properties Aspen Snowmass Market Update

Posted on March 10, 2015 by Chris Klug

Happy springtime from Aspen! It's beautiful here now. After nearly four feet of snow the past weeks in Aspen Snowmass, the conditions are awesome! Lots of fun spring break activities taking place this week - get ready to party! March Madness has arrived in the Aspen real estate market! Average sold price per sq. ft. in the downtown Aspen core is up almost $500 a sq. ft. YTD compared to same time last year. Every number is stronger in Aspen in 2015 compared to 2014. Sold volume in Aspen increased 92% from $77,164,375 to $148,387,000 through February 2015. Inventory of Aspen condos is down 30% through February 2015, while single family home inventory is down 10%. Overall inventory in Aspen including vacant lot listings is down about 20%. Aspen central core condo sales volume increased 170% from $23,559,87 in 2014 to $63,677,000 through February 2015. I put three Aspen central core condos under contract the past weeks, two of which weren't even listed in MLS; that's the advantage of working with a broker that's focused on the market every day, and engaged with the brokerage community.

It's a different story in Snowmass with sales volume down 32% in 2015. There were 17 condo sales in Snowmass Village through February 2014 compared to 10 in 2015 and 23 total sales in 2014 compared to 13 in 2015. Inventory is actually up in Snowmass Village 10% from 233 listings in February 2014 to 259 today. DOM in Snowmass Village is up 131% while price per sq. ft. increased about 6% and average sold price went up 8%. The discount in Snowmass compared to Aspen has never been bigger!

Click here for more YTD Market Information

I'm hosting an Apres Ski Party this Thursday, March 12 from 3-6 pm at 460 Thunderbowl with a slopeside bonfire and live music by Steve Koch on the guitar. We will be serving cowboy chili and gluwein. I hope you can join us!

[caption id="attachment_673" align="aligncenter" width="500"]460 T-Bowl Open House 3-12-15 460 Thunderbowl at Aspen Highlands Apres Ski Party Invite March 12, 2015, 3-6 pm[/caption]

Please call or email anytime with questions. I'm here full-time and ready to help you. Enjoy springtime. I hope to see you in the mountains soon!

Chris Klug





$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 ale house Anaconda sculpture Apres apresmusicfestival Apresski April 2010 Market Art Art Events Aspen Aspen Activities Aspen Air Port Aspen Aspen CORE West End Aspen Club And Spa Aspen Condos Aspen Core is strong market Aspen Highlands Market Aspen Institute Aspen local swim spots Aspen Market Aspen Mountain Aspen Music Festival Aspen Powder Day 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 Ballet Banked Slalom Race Bauhaus movement Belly Up Bicycledecorating Big Air Billionaire Buys in Aspen Bird Watching boogiebuddyrace Bronco Riding Buttermilk k9 Uphill Buy Now in Aspen Buyer's Have Urgency Buyer's Market Buyer's Market Cemetery Lane Market Chocolatebar cider CiderMass Climate Change closing day Concert Copper to Aspen cross-country skiing Culture 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 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 Luxury Properties Luxury Real Estate Mammoth Festival March Madness MArdi Gras Market Analysis Market is looking up Market Update Maroon Creek May 2015 Numbers Mind Body Athlete missouri heights MLK Motoring Classic mountain biking Museum Music 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 Paulson Buys Home in Aspen Pent House Sale Pent House Sold 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 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 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 USA Pro Challenge W Aspen Weekends in Aspen West End Winter X Games Winterskol Woodrun Xavier Rudd YTD Sales Volume
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