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Elliman Report: Aspen Sales 1Q 2017

ASPEN There were both more sales and larger sized sales in the Aspen housing market this quarter as compared to the same period a year ago. The average square footage of a sale that closed in the quarter was 2,622 square feet, up 39% from the prior year. The surge in size skewed the price trend indicators sharply upward as a result. Median sales price jumped 49.1% to $2,337,500 from the same period last year…

SNOWMASS VILLAGE Sales in the Snowmass Village housing market moved higher. There were 37 sales, up 32.1% from the prior year quarter. The rise in sales was also seen across both property types. The number of condo sales jumped 31.6% to 25, and the number of single-family sales increased 33% to 12 respectively over the same period. The rise in sales outpaced the increase in listing inventory, pushing the market pace faster. There were 283 listings available at the end of the quarter, up 8.4% over the same period.

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