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Elliman Report: Aspen Sales 3Q 2016

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 market…

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…

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