Aspen Snowmass Fractional Real Estate Market Preview

Today, Erik Cavarra showcases Fractional Real Estate Trends in  Aspen & Snowmass Village, Colorado:

Below please find information regarding the Fractional Market comparing January 1, 2012 to June 5, 2013 versus January 1, 2013 to June 5, 2013.

Pay close attention to the Sold Volume:

There were 29 Fractional Sales in 2012 with a Sold Volume of $15,325,500 compared to 42 $9,685,833 this year.  This represents an Increase of 44% in the number of Sales taking place but a decrease of 36% for the total Sales Volume generated.

Erik Cavarra believes that the lower priced inventory within all Fractional Types will continue to sell and represents that the Fractional market is alive an thriving.  Buyers today are still purchasing because of the lifestyle and access to amenities and resort qualities, but Buyers are more savy in this market today.  A buyer wants to purchase for a price that places them within Comparable Value to recent Closings.  Buyers will continue to purchase Fractional Real Estate, but they will purchase for a price that will not hurt an exit strategy in the event of the market slowing down; meaning, a buyer is not yet ready to pay an over premium for the Fractional Market.

Fractional Resort   Comparisons for Aspen / Snowmass Village
Type: Condo
	Total Active			New Listings			Number Under   Contract			Number Sold			Sold Volume			Average Sale Price			Percent of List
Agency	Last Year	This Year	PCT	Last Year	This Year	PCT	Last Year	This Year	PCT	Last Year	This Year	PCT	Last Year	This Year	PCT	Last Year	This Year	PCT	Last Year	This Year	PCT
Excl Right to Sell	335	333	-0	149	91	-38	31	44	+41	29	42	+44	15,325,500	9,675,883	-36	528,466	230,378	-56	89	87	-2
Exclusive Agency	13	13	0	5	2	-60	0	1	+	0	1	+	0	99,000	+	0	99,000	+	0	62	+
Type Totals: Condo	348	346	-0	154	93	-39	31	45	+45	29	43	+48	15,325,500	9,774,883	-36	528,466	227,323	-56	89	74	-16