aspen/snowmass real estate market overview · 2015. 2. 11. · aspen/snowmass real estate market...
TRANSCRIPT
ASPEN/SNOWMASS REAL ESTATE MARKET OVERVIEW
FEBRUARY 11, 2015
Presented by:
Randy Gold, MAI, SRA – Aspen Appraisal GroupAndrew Ernemann, Broker Associate – Aspen Snowmass Sotheby’s International Realty
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Number of Sales MLS 1231 1484 1735 1596 1427 778 552 588 734 945 1077 1087
Listings MLS 2176 2012 1520 1924 2076 2124 2105 2003 1842 1728 1588 1470
Land Title # Sales Pitkin Co. 1129 1268 1794 1879 1379 828 702 689 756 749 845 927
0
500
1,000
1,500
2,000
2,500
Copyright: Aspen Appraisal Group, LLCAspenAppraisalGroup.com
MLS & Land Title Data Pitkin County
Number of Sales MLS Listings MLS Land Title # Sales Pitkin Co.
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Sales $ x $1 mil. MLS $1,112 $1,522 $2,058 $2,361 $2,311 $1,214 $976 $1,091 $1,207 $1,348 $1,350 $1,656
Land Title Sales $ x $1 mil. $1,134 $1,602 $2,241 $2,635 $2,515 $1,366 $1,073 $1,263 $1,269 $1,491 $1,294 $1,571
0
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1,000
1,500
2,000
2,500
3,000
Copyright: Aspen Appraisal Group, LLCAspenAppraisalGroup.com
MLS & Land Title Data Pitkin County
Sales $ x $1 mil. MLS Land Title Sales $ x $1 mil.
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Number of Sales 43 59 69 56 37 30 16 27 25 23 29 36
Sales $ x 1 mil. $102.13 $189.84 $221.82 $200.31 $205.18 $198.94 $73.55 $116.78 $105.46 $70.36 $114.35 $98.56
Listings 80 67 42 39 45 66 71 77 81 81 74 66
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Copyright: Aspen Appraisal Group, LLCAspenAppraisalGroup.com
Snowmass Single Family Sales & Listings
Number of Sales
Sales $ x 1 mil.
Listings
Andrew ErnemannCopyright 2015
85%88%
79%
85%
81%
65%62%
59%
50%
60%
70%
80%
90%
100%
2007 2008 2009 2010 2011 2012 2013 2014
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Number of Sales 77 127 121 134 101 60 55 72 80 77 84 97
Sales $ x 1 mil. $303.94 $469.01 $517.11 $729.37 $631.20 $396.90 $377.57 $437.18 $512.15 $532.03 $444.09 $650.16
Listings 182 164 132 140 157 200 213 217 204 191 170 144
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600
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800
Copyright: Aspen Appraisal Group, LLCAspenAppraisalGroup.com
Aspen Single Family Sales & Listings
Number of Sales
Sales $ x 1 mil.
Listings
0
10
20
30
40
50
60
70
80
Copyright: Aspen Appraisal Group, LLCAspenAppraisalGroup.com
SALES OF HOMES OVER $5 MILLIONUpper R.F. Valley 2000-2014
$10+mil.
$7-10 mil.
$5-7 mill.
$10+ Million Sales - 2014
Andrew ErnemannCopyright 2015
Luxury Home Sales - 2014
Andrew ErnemannCopyright 2015
Luxury Home Sales
Andrew ErnemannCopyright 2015
$600
$800
$1,000
$1,200
$1,400
$1,600
$1,800
$2,000
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Average Sales Price per SQ FT - Aspen Homes
<$5M $5M-$10M $10M+
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Sales $ x 1 mil. $59.17 $77.61 $146.08 $96.26 $114.57 $106.53 $16.04 $21.09 $49.80 $41.52 $88.14 $77.03
Number of Sales 86 118 180 97 93 98 19 25 55 58 127 91
Listings 124 119 44 46 64 128 140 153 171 178 171 153
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Copyright: Aspen Appraisal Group, LLCAspenAppraisalGroup.com
Snowmass Condo Sales & Listings
Sales $ x 1 mil.
Number of Sales
Listings
Andrew ErnemannCopyright 2015
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Sales $ x 1 mil. $137.70 $188.33 $273.76 $204.99 $183.77 $135.87 $75.60 $131.43 $175.83 $150.27 $184.86 $259.68
Number of Sales 158 196 247 184 151 64 54 78 95 112 121 139
Listings 221 172 100 117 145 198 201 203 202 175 162 133
0
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300
Copyright: Aspen Appraisal Group, LLCAspenAppraisalGroup.com
Aspen Condo Sales & Listings
Sales $ x 1 mil. Number of Sales Listings
2014 Condo/Townhome Sales - $2k+ per SQ FT
Andrew ErnemannCopyright 2015
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Sales $ x 1 mil. $18.73 $15.85 $42.88 $43.97 $17.46 $1.35 $0.00 $8.61 $5.18 $11.15 $10.43 $31.98
Number of Sales 8 10 22 16 8 1 0 5 5 4 9 20
Listings 28 21 8 13 14 33 25 18 20 24 24 18
0
10
20
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Copyright: Aspen Appraisal Group, LLCAspenAppraisalGroup.com
Snowmass Lot Sales & Listings
Sales $ x 1 mil.
Number of Sales
Listings
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Sales $ x 1 mil. $49.46 $69.57 $128.52 $113.23 $111.07 $17.94 $30.78 $48.24 $20.83 $125.85 $66.72 $102.59
Number of Sales 24 30 37 31 24 17 11 13 11 37 28 30
Listings 76 54 36 45 61 79 72 74 81 75 62 48
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Copyright: Aspen Appraisal Group, LLCAspenAppraisalGroup.com
Aspen Lot Sales & Listings
Sales $ x 1 mil.
Number of Sales
Listings
Snowmass Commercial Market
Aspen Downtown Commercial Market
$0
$10,000,000
$20,000,000
$30,000,000
$40,000,000
$50,000,000
$60,000,000
$70,000,000
$80,000,000
$90,000,000
2010 2011 2012 2013 2014
$29,000,000
$6,000,000
$90,000,000
$49,000,000
$55,000,000
APPROXIMATE ASPEN COMMERCIAL DOLLAR VOLUME
0
5
10
15
20
25
2010 2011 2012 2013 2014
4
0
7 79
3
7
8
1513
ASPEN COMMERCIAL TRANSACTIONS
Comm. Condominiums & Parking
Buildings
Copyright: Aspen Appraisal Group LLCAspenAppraisalGroup.com
Final Thoughts and Conclusions
0
100
200
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700
76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14
Copyright: Aspen Appraisal Group, LLCAspenAppraisalGroup.com
Aspen-Snowmass Total SF & Condo Sales 1976-2014
Andrew ErnemannCopyright 2015
Aspen/Snowmass Emotional Real Estate CycleBehind the PSCYHOLOGY of the local real estate market
Andrew ErnemannCopyright 2015
Aspen/Snowmass Future Price IndicatorBehind the SCIENCE of the local real estate market
Andrew ErnemannCopyright 2015
Andrew ErnemannCopyright 2015
THANK YOU!
To request a copy of this presentation, or for our complete market reports:
Randy Gold(970) 925-8987
Andrew Ernemann(970)379-8125
