ASPEN The Aspen housing market continued to shift
towards smaller properties as the pace of the
market slowed. The average size of a sale declined
27.6% to 2,414 from the prior year quarter pulling
average and median sales price trend indicators
lower. Price per square foot declined 2% to
$1,352 from the year ago period, but was up year
to date by 2.8%. The overall number of condo
and single-family sales fell 23.2% to 63 sales with
all of the decline attributable to the single family

SNOWMASS VILLAGE The pace of Snowmass Village marked moved
faster with more sales and less inventory. There
were 35 sales in the third quarter, up 9.4% from
the same period a year ago. By property type,
the number of sales rose 10.5% for condo sales
and 7.7% for single-family sales. Listing inventory
declined 3.8% to 230 from the year ago quarter.
As a result the absorption rate, the number of
months to sell all inventory at the current rate of
sales, was 19.7 months and 12.1% faster than the
year ago quarter…