Below is a Roaring Fork Valley real estate market update provided by Land Title Guarantee Company for real estate in Aspen, Snowmass Village & Basalt.

Aspen Single Family Home Real Estate

Aspen, CO 81611

Wed Oct 25 2017 
This week the median list price for Aspen, CO 81611 is $7,272,500 with the market action index hovering around 26. This is about the same as last month’s market action index of 26. Inventory has held steady at or around 188. Click here to stay informed with the Aspen market!

Market Action Index

The Market Action Index answers the question “How’s the Market?” by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller’s Market conditions. Below 30, conditions favor the buyer.

 Today
 Last Month

100026

Home sales have been exceeding new inventory for several weeks. However because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there. Watch prices as the market transitions from a Buyer’s market to a Seller’s market.

Real-Time Market Profile

Never miss important changes in the Aspen market.

Median List Price $7,272,500
Per Square Foot $1,524
Days on Market 270
Price Decreased 27%
Price Increased 2%
Relisted 4%
Inventory 188
Most Expensive $50,000,000
Least Expensive $439,000
Market Action Index
Slight Buyer’s Advantage
26
Avg 7-DayAvg 90-DayOct 2014Dec 2014Mar 2015May 2015Jul 2015Oct 2015Dec 2015Feb 2016Apr 2016Jul 2016Sep 2016Nov 2016Feb 2017Apr 2017Jun 2017Sep 2017$4.0M$5.0M$6.0M$7.0M$8.0M$9.0M$10.0M

Again this week in this zip code we see a downward notch for prices. We continue to pull back from the market’s highs. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Wed Oct 25 2017 
This week the median list price for Aspen, CO 81611 is $7,272,500 with the market action index hovering around 26. This is about the same as last month’s market action index of 26. Inventory has held steady at or around 188. Click here to stay informed with the Aspen market!

Market Action Index

The Market Action Index answers the question “How’s the Market?” by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller’s Market conditions. Below 30, conditions favor the buyer.

Again this week in this zip code we see a downward notch for prices. We continue to pull back from the market’s highs. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$22,500,000 9,036 1 – 2.5 acres 6 7 12 1 1 372
$9,825,000 5,998 0.5 – 1 acre 5 5 17 0 0 281
$5,995,000 4,522 0.25 – 0.5 acre 4 4 21 1 0 268
$3,250,000 2,907 0.25 – 0.5 acre 4 3 43 1 2 159

Aspen Condominiums Real Estate

Wed Oct 25 2017 
This week the median list price for Aspen, CO 81611 is $1,597,000 with the market action index hovering around 36. This is an increase over last month’s market action index of 35. Inventory has held steady at or around 79. Click here to stay informed with the Aspen market!

Market Action Index

The Market Action Index answers the question “How’s the Market?” by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller’s Market conditions. Below 30, conditions favor the buyer.

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$8,495,000 3,268 0.25 – 0.5 acre 3 4 1 0 2 247
$2,462,500 1,254 0 – 4,500 sqft 3 3 48 1 2 136
$1,240,000 893 0 – 4,500 sqft 2 2 48 1 0 236
$637,000 605 0 – 4,500 sqft 2 1 44 1 0 156

Snowmass Village Real Estate Single Family Homes

Snowmass Village, CO 81615

Wed Oct 25 2017 
This week the median list price for Snowmass Village, CO 81615 is $4,835,000 with the market action index hovering around 26. This is an increase over last month’s market action index of 25. Inventory has held steady at or around 70. Click here to stay informed with the Snowmass Village market!

Market Action Index

The Market Action Index answers the question “How’s the Market?” by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller’s Market conditions. BeHome sales have been exceeding new inventory for several weeks. While still a Buyer’s market, prices seem to have responded by moving upward. If the demand trends continue, expect prices to keep marching upward, especially once we see a Seller’s Market.low 30, conditions favor the buyer.

Price trends in this zip code continued their recent uptrend this week. While still below the market’s high point, we’ve seen a nice run recently.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$9,500,000 5,868 1 – 2.5 acres 5 6 19 1 0 343
$6,850,000 5,459 1 – 2.5 acres 5 5 21 0 0 338
$3,474,500 4,328 0.5 – 1 acre 5 4 38 2 0 304
$1,914,500 2,746 0.5 – 1 acre 4 3 41 0 0 292

Snowmass Village Real Estate Condominiums

Snowmass Village, CO 81615

Wed Oct 25 2017 
This week the median list price for Snowmass Village, CO 81615 is $824,450 with the market action index hovering around 25. This is an increase over last month’s market action index of 23. Inventory has held steady at or around 118. Click here to stay informed with the Snowmass Village market!

Market Action Index

The Market Action Index answers the question “How’s the Market?” by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller’s Market conditions. Below 30, conditions favor the buyer.

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$2,475,000 2,564 0 – 4,500 sqft 4 4 35 1 1 399
$1,125,000 1,303 2 2 35 0 1 247
$697,000 1,080 2 2 43 0 2 346
$406,250 556 1 1 46 0 0 343

Basalt Real Estate Single Family Homes

Basalt, CO 81621

Wed Oct 25 2017 
This week the median list price for Basalt, CO 81621 is $1,199,000 with the market action index hovering around 25. This is an increase over last month’s market action index of 24. Inventory has held steady at or around 53. Click here to stay informed with the Basalt market!

Market Action Index

The Market Action Index answers the question “How’s the Market?” by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller’s Market conditions. Below 30, conditions favor the buyer.

Home sales have been exceeding new inventory for several weeks. However because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there. Watch prices as the market transitions from a Buyer’s market to a Seller’s market.

Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$2,397,000 3,680 N/A 4 4 20 0 2 187
$1,595,000 2,946 1 – 2.5 acres 4 4 19 0 1 429
$1,075,000 3,117 8,000 – 10,000 sqft 4 4 17 0 1 217
$712,000 2,486 0.25 – 0.5 acre 3 3 21 0 1 188

Basalt Real Estate Condominiums

Basalt, CO 81621

Wed Oct 25 2017 
This week the median list price for Basalt, CO 81621 is $532,000 with the market action index hovering around 36. This is an increase over last month’s market action index of 30. Inventory has held steady at or around 30. Click here to stay informed with the Basalt market!

Market Action Index

The Market Action Index answers the question “How’s the Market?” by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller’s Market conditions. Below 30, conditions favor the buyer.

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,599,000 3,207 8,000 – 10,000 sqft 4 5 0 0 1 31
$599,000 1,430 0 – 4,500 sqft 2 2 17 0 1 264
$525,000 1,087 0 – 4,500 sqft 2 2 9 0 0 168
$349,500 1,023 0 – 4,500 sqft 2 1 11 0 2 270

This information was provided by Land Title and publication is per Land Title agreement.

For more information on real estate in Aspen, Snowmass Village, Basalt or Carbondale, give us a call today.  Kim McKinley (970) 379-4559 or Drew Kitchell (970) 379-7777.