Aspen Condominium – Weekly Market Update

by | Sep 27, 2017 | New Listings

Aspen, CO 81611

This week the median list price for Aspen, CO 81611 is $1,724,500 with the market action index hovering around 34. This is less than last month’s market action index of 35. Inventory has held steady at or around 84. 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

1000341000

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.

Real-Time Market Profile

Never miss important changes in the Aspen market.

Median List Price$1,724,500
Per Square Foot$1,518
Days on Market178
Price Decreased23%
Price Increased2%
Relisted
4%
Inventory84
Most Expensive$29,950,000
Least Expensive$439,000
Market Action Index
Slight Seller’s Advantage		34
First/Top 90-DaySecond/Upper 90-DayThird/Lower 90-DayFourth/Bottom 90-DaySep 2014Dec 2014Feb 2015Apr 2015Jul 2015Sep 2015Nov 2015Jan 2016Apr 2016Jun 2016Aug 2016Nov 2016Jan 2017Mar 2017Jun 2017Aug 2017$0$10.0M$2.5M$5.0M$7.5M$12.5M

Again this week we see a downward notch for prices in this zip code. 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 PriceSq. Ft.Lot SizeBedsBathAgeNewAbsorbedDOM
$8,495,0003,3088,000 – 10,000 sqft441701231
$2,500,0001,2600 – 4,500 sqft334500118
$1,295,0009200 – 4,500 sqft224900239
$625,0006160 – 4,500 sqft114721122