March 2021 Newsletter
The skiing is excellent after the big weekend blizzard that left 20 inches of new snow! Aspen/Snowmass are super busy with guests and the Aspen Ski Company just announced an extension of the ski season at Snowmass by another week! Pitkin County and the entire Valley have done an amazing job with rolling out the vaccine to locals and 2nd homeowners. We remain in the “Yellow Zone” of the Covid meter which allows an increased capacity at restaurants. We are still remaining cautious and careful. But, how fortunate we are to be able to get out every day in these beautiful surroundings!
In my 35 years of working in real estate in Snowmass/Aspen, I’ve never seen a buyer frenzy quite like what we are currently experiencing. The inventory is historically low, while the demand remains high. The inventory in Snowmass is down 64% and 35% in Aspen. In Snowmass there are only 149 total properties on the market and 83 of those are under contract, leaving only 66 properties to choose from. And 14 of those properties are brand new inventory, The Electric Pass Lodge, which is not even built yet! The most dramatic segment is single family homes in Snowmass. There are only 38 homes on the market with 21 under contract leaving just 17 homes in all of Snowmass available. This time last year there were approximately 80.
So keep in mind as you look at these charts, it’s not a matter of demand, it’s a matter of extremely low inventory. If you’ve considered selling, but have been waiting for a Seller’s market, now is optimal timing. Please give me a call for a complete market analysis to learn today’s value of your property.
How is the market in your neighborhood?
ASPEN
Single-Family Detached
Highest Sale
180 Heather Lane
$18,275,000
Quickest Sale
180 Heather Lane
107 Days on Market
Lowest Sale
532 Walnut Street
$6,550,000
ASPEN
Condos, Townhomes & Duplexes
Highest Sale
710 E Hyman Unit 710
$6,750,000
Quickest Sale
1312 Vine Street
21 Days on Market
Lowest Sale
38750 Highway 82 2227
$244,000
SNOWMASS
Single-Family Detached
Highest Sale
776 Divide Drive
$5,280,000
Quickest Sale
324 Gambel Way
59 Days on Market
Lowest Sale
133 Fox Lane
$3,555,000
SNOWMASS
Condos, Townhomes & Duplexes
Highest Sale
45 Wood Road 503 West
$4,250,000
Quickest Sale
855 Carriage Way Leaf 201
17 Days on Market
Lowest Sale
130 Wood Road 636
$346,200
2021 Resort Report
LIV Sotheby’s International Realty produces an annual Resort Report that specifically analyzes real estate market data for homes in resort locations, including:
Colorado: Aspen, Breckenridge, Crested Butte, Steamboat Springs, Telluride, and the Vail Valley
Utah: Park City
Idaho: Sun Valley
Wyoming: Jackson Hole
Montana: Big Sky
California/Nevada: North and South Lake Tahoe
New Mexico: Santa Fe
Featured Listings
Residential
27 Timber Ridge
Snowmass Village
6beds | 6+2 baths | 6,050 sq. ft.
$7,950,000
A perfect ski-in/out mountain home drenched in elegance with handsome log beams, new wood floors, art niches, and an expansive outdoor deck for entertaining.
30 Anderson Lane 812
Snowmass Village
1 beds | 2 baths | 750 sq. ft.
$510,000
A spacious one-bedroom unit featuring a private balcony and assigned space in the parking garage.
VACANT LAND
TBD Medicine Bow Road
Snowmass Village
2.5 Acre Lot
$1,100,000
Top-of-the-World views towards Aspen, the Continental Divide and Woody Creek/McLain Flats from this very private parcel at the end of Medicine Bow road located right before the gate to Wildcat.
841 Serviceberry
Snowmass Village
1.830 acres
$5,995,000
This is a premier ski-in/ski-out lot of nearly 2 acres right on Cascade ski run.
0460 Pine Crest Drive
Snowmass Village
1.09 acres
$3,700,000
Located in Snowmass' newest and last ski-in/out subdivision.
Successfully Sold
30 Anderson Lane 925
Snowmass Village
4 beds | 4 baths | 2,090 sq. ft.
$1,775,000
2021 Luxury Outlook
Sotheby’s International Realty is pleased to announce the release of its inaugural 2021 Luxury Outlook report which examines high-end residential markets across the globe in the wake of the Covid-19 pandemic. The comprehensive report provides insight into the world’s top primary and secondary markets and the anticipated wealth trends that will drive discretionary investment in the coming months. The report reveals that global wealth is forecasted to grow and pandemic trends are expected to persist in the year ahead.
