What is Selling in Snowmass Village?
Today, Erik Cavarra, Managing Broker for Alpine Real Estate, examines some of the newer Single Family Home Sales within Snowmass Village. Several speculative builders have now entered the Snowmass Arena, with momentum from the East West / Aspen Skiing Company Base Village sale, and hopes of new construction, Developers are again entering the speculative market and building on land acquisitions and tear down opportunities.
A few of these examples include:
Summary of Closed Listings
MLS # Price DOM Sold Date Sold Price
| 140882 | 719 Edgewood Lane, Snowmass Village CO | $6,950,000 | 372 | 09/08/2016 | $6,750,000 | – | $6,750,000 |
| 136663 | 254 Gambel Way (Lot 5), Snowmass Village CO | $3,750,000 | 720 | 12/19/2016 | $3,400,000 | – | $3,400,000 |
| 142103 | 44 Ridge Road, Snowmass Village CO | $4,750,000 | 306 | 10/25/2016 | $4,525,000 | – | $4,525,000 |
| 146449 | 1382 Faraway Road, Snowmass Village CO | $5,295,000 | 174 | 04/07/2017 | $4,845,000 | – | $4,845,000 |
| 145399 | 124 Baby Doe, Snowmass Village CO | $4,875,000 | 266 | 04/21/2017 | $4,475,000 | – | $4,475,000 |
| 136319 | 244 Antler Ridge Lane, Snowmass Village CO | $3,995,000 | 639 | 08/11/2016 | $3,900,000 | – | $3,900,000 |
| 141581 | 47 Mustang Circle, Snowmass Village CO | $3,900,000 | 556 | 05/12/2017 | $3,565,000 | – | $3,565,000 |
| 141974 | 113 Fairway Drive, Snowmass Village CO | $2,635,000 | 272 | 09/07/2016 | $2,590,000 | – | $2,590,000 |
Low, Average, Median, and High Comparisons
Closed Overall
| Low | $2,590,000 | $2,590,000 |
| Average | $4,256,250 | $4,256,250 |
| Median | $4,187,500 | $4,187,500 |
| High | $6,750,000 | $6,750,000 |
Overall Market Analysis (Unadjusted)
| Avg. List | Avg. Sold Avg. Sale/ | Avg. Total | Avg. List | Avg. Sold | Avg. | ||
| Status # List Vol. | Price | Sold Vol. | Price List Price | SqFt | $/Total SqFt | $/Total SqFt | Dom |
| Closed | 8 | 36,150,000 | 4,518,750 | 34,050,000 | 4,256,250 | 0.94 | 4,288 | 1,041.52 | 981.79 | 413 |
| Overall | 8 | 36,150,000 | 4,518,750 | 34,050,000 | 4,256,250 | 0.94 | 4,288 | 1,041.52 | 981.79 | 413 |
Erik Cavarra did not represent the Sellers/Buyers for all of the properties. The data and photographs used in this blog are for market purposes and the data comes from the Aspen / Snowmass MLS.
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