aspen/snowmass/basalt real estate current activity …bjac.net/attachments/current activity report...

ASPEN/SNOWMASS/BASALTREAL ESTATE CURRENT ACTIVITY REPORT

December 31, 2011

The Index measures the "strength" of the Aspen/Snowmass real estate market by tracking a variety of real estate trends. We have found that the Index can be

an excellent predictor of the future direction of pricing for our local real estate market.

Today, the Index is heading upwards, and we feel prices will likely follow in the coming year some neighborhoods have already started showing signs of small

increases, while other areas are still lagging. Conversely, the Index showed a peak and subsequent downturn in 2007, a full year before prices actually began to

fall in Aspen/Snowmass. Location matters; trends at the Aspen/Snowmass level are not always moving in the same direction as particular neighborhoods or

property types.

THE ASPEN/SNOWMASS REAL ESTATE MARKET INDEX

$1,150

$1,250

$1,350

12,500

13,000

13,500

$/SQ FTMkt Index Aspen/Snowmass Real Estate Market Index

©2011,AndrewErnemann,BrokerAssociateBJ*AdamsandCompany,AllRightsReserved

$450

$550

$650

$750

$850

$950

$1,050

$1,150

$1,250

9,000

9,500

10,000

10,500

11,000

11,500

12,000

12,500

13,000

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Market Index AVG Sold Price per Square Foot

Price trends follow the

same pattern as the

Index, and have

historically lagged

behind the Index by 12

24 months.The Index turned upwards

in 2010; we expect prices

to follow in the next 12

months.

Residential Sales Activity SummaryDecember 31, 2011

0

20

40

60

80

100

120

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

2006 2007 2008 2009 2010 2011

Nu

mb

er o

f Tr

ansa

ctio

ns

Number of Residential Sales

Aspen Snowmass Village Basalt

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

$1,800

AVG Sales $/SQ FT - Condos/Townhomes

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

AVG Sales $/SQ FT - Single Family Homes

$0

$50,000,000

$100,000,000

$150,000,000

$200,000,000

$250,000,000

$300,000,000

$350,000,000

$400,000,000


2006 2007 2008 2009 2010 2011

Residential Sales $ Volume


3

Prepared by:Andrew Ernemann

BJ Adams and Company970-379-8125

[email protected] © 2011

$0

$200

$400

$600


2006 2007 2008 2009 2010 2011


$0

$200

$400

$600


2006 2007 2008 2009 2010 2011


70%

75%

80%

85%

90%

95%

100%


2006 2007 2008 2009 2010 2011

AVG Ask-Sold Discount (%) - SFH & Condos


70%

75%

80%

85%

90%

95%

100%


2006 2007 2008 2009 2010 2011

AVG Original-Sold Discount (%) - SFH & Condos


3







CURRENT MARKET ACTIVITY - Monthly Active/Pending as of: December 31, 2011

dec dec Sold as of: December 31, 2011

A P 12 12 % CHG from Prior Year 2010

2011 2010 2011December December December

Aspen 466 27 14 22 Aspen -36.4%Condo/Townhouse 186 10 9 12 Condo/Townhouse -25.0%Single Family 201 13 4 7 Single Family -42.9%Single Family Lot 79 4 1 3 Single Family Lot -66.7%Snowmass Village 273 3 5 4 Snowmass Village 25.0%Condo/Townhouse 176 2 4 2 Condo/Townhouse 100.0%Single Family 75 1 1 2 Single Family -50.0%Single Family Lot 22 0 0 0 Single Family Lot N/ABasalt 121 22 10 8 Basalt 25.0%Condo/Townhouse 33 13 4 2 Condo/Townhouse 100.0%Single Family 66 8 5 2 Single Family 150.0%Single Family Lot 22 1 1 4 Single Family Lot -75.0%Total 860 52 29 34 Total -14.7%


Aspen $1,259 $998 $959 $994 Aspen -3.5%Condo/Townhouse $1,150 $893 $1,038 $936 Condo/Townhouse 10.9%Single Family $1,361 $1,079 $781 $1,093 Single Family -28.5%Snowmass Village $919 $553 $576 $681 Snowmass Village -15.5%Condo/Townhouse $815 $358 $605 $766 Condo/Townhouse -21.1%Single Family $1,162 $943 $460 $596 Single Family -22.9%Basalt $540 $248 $235 $268 Basalt -12.2%Condo/Townhouse $297 $193 $231 $208 Condo/Townhouse 10.8%Single Family $661 $337 $239 $328 Single Family -27.1%Total $1,047 $635 $647 $840 Total -23.0%


Aspen $2,323,144,200 $77,149,400 $36,242,500 $72,410,750 Aspen -49.9%Condo/Townhouse $329,934,200 $12,241,400 $19,160,000 $12,222,750 Condo/Townhouse 56.8%Single Family $1,707,886,000 $51,693,500 $16,237,500 $50,488,000 Single Family -67.8%Single Family Lot $285,324,000 $13,214,500 $845,000 $9,700,000 Single Family Lot -91.3%Snowmass Village $716,446,144 $4,578,900 $4,425,000 $5,770,000 Snowmass Village -23.3%Condo/Townhouse $213,359,144 $778,900 $2,725,000 $1,545,000 Condo/Townhouse 76.4%Single Family $434,545,500 $3,800,000 $1,700,000 $4,225,000 Single Family -59.8%Single Family Lot $68,541,500 $0 $0 $0 Single Family Lot N/ABasalt $169,333,800 $11,348,500 $5,875,545 $4,117,500 Basalt 42.7%Condo/Townhouse $12,385,900 $3,116,700 $1,674,545 $690,000 Condo/Townhouse 142.7%Single Family $139,228,900 $7,991,800 $4,016,000 $2,120,000 Single Family 89.4%Single Family Lot $17,719,000 $240,000 $185,000 $1,307,500 Single Family Lot -85.9%Total $3,208,924,144 $93,076,800 $46,543,045 $82,298,250 Total -43.4%

Number of SalesListed Pending

Number of Sales

Total Sales VolumeListed Pending

Total Sales Volume

Average $/SFListed Pending

Average $/SF

4




CURRENT MARKET ACTIVITY - Quarterly Active/Pending as of: December 31, 2011

Sold as of: December 31, 2011

2011 2011 2011 2011 2010 2010 2010 2010 % CHG from Prior Year 2010

Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4Aspen 43 46 49 49 54 48 35 26 Aspen -20.4%Condo/Townhouse 23 24 23 25 26 23 14 15 Condo/Townhouse -11.5%Single Family 17 20 22 22 21 20 21 10 Single Family -19.0%Single Family Lot 3 2 4 2 7 5 0 1 Single Family Lot -57.1%Snowmass Village 18 17 26 21 13 18 14 17 Snowmass Village 38.5%Condo/Townhouse 13 10 19 13 6 8 6 10 Condo/Townhouse 116.7%Single Family 4 4 6 8 7 8 7 5 Single Family -42.9%Single Family Lot 1 3 1 0 0 2 1 2 Single Family Lot N/ABasalt 29 32 34 19 23 15 15 16 Basalt 26.1%Condo/Townhouse 7 15 17 9 11 4 8 11 Condo/Townhouse -36.4%Single Family 19 14 13 9 8 10 7 4 Single Family 137.5%Single Family Lot 3 3 4 1 4 1 0 1 Single Family Lot -25.0%Total 90 95 109 89 90 81 64 59 Total 0.0%

Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4Aspen $967 $986 $1,108 $1,045 $971 $1,058 $1,136 $985 Aspen -0.4%Condo/Townhouse $1,004 $1,033 $1,079 $1,057 $942 $1,022 $1,255 $959 Condo/Townhouse 6.6%Single Family $917 $930 $1,139 $1,031 $1,007 $1,100 $1,058 $1,024 Single Family -8.9%Snowmass Village $621 $628 $827 $591 $684 $698 $827 $929 Snowmass Village -9.2%Condo/Townhouse $585 $598 $706 $565 $643 $632 $643 $774 Condo/Townhouse -9.0%Single Family $739 $703 $1,210 $632 $719 $764 $985 $1,238 Single Family 2.8%Basalt $285 $262 $222 $306 $261 $285 $299 $348 Basalt 9.4%Condo/Townhouse $219 $229 $203 $289 $274 $255 $296 $314 Condo/Townhouse -19.9%Single Family $309 $297 $247 $323 $242 $296 $301 $441 Single Family 27.5%Total $683 $687 $772 $779 $753 $831 $873 $796 Total -9.3%

Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4Aspen $154,858,833 $139,458,048 $212,282,670 $200,827,486 $204,616,750 $151,154,000 $190,206,653 $70,929,400 Aspen -24.3%Condo/Townhouse $38,634,333 $44,228,048 $48,643,670 $44,327,986 $39,128,750 $29,224,000 $33,852,653 $29,229,400 Condo/Townhouse -1.3%Single Family $110,079,500 $93,351,500 $155,707,000 $151,624,500 $136,288,000 $107,380,000 $156,354,000 $37,200,000 Single Family -19.2%Single Family Lot $6,145,000 $1,878,500 $7,932,000 $4,875,000 $29,200,000 $14,550,000 $0 $4,500,000 Single Family Lot -79.0%Snowmass Village $25,435,000 $25,797,500 $62,341,456 $27,194,370 $31,021,000 $33,870,000 $38,498,850 $51,893,500 Snowmass Village -18.0%Condo/Townhouse $11,860,000 $7,937,500 $20,081,456 $9,919,370 $4,346,000 $6,290,000 $4,754,000 $14,493,500 Condo/Townhouse 172.9%Single Family $12,950,000 $14,625,000 $40,945,000 $17,275,000 $26,675,000 $26,245,000 $32,724,850 $31,150,000 Single Family -51.5%Single Family Lot $625,000 $3,235,000 $1,315,000 $0 $0 $1,335,000 $1,020,000 $6,250,000 Single Family Lot N/ABasalt $20,519,985 $18,399,954 $14,227,300 $10,951,170 $10,815,400 $9,665,000 $8,375,733 $10,158,338 Basalt 89.7%Condo/Townhouse $2,712,545 $5,055,800 $5,445,360 $3,343,000 $4,018,000 $1,373,000 $3,590,797 $5,684,338 Condo/Townhouse -32.5%Single Family $17,262,440 $12,501,154 $7,681,940 $7,568,170 $5,489,900 $8,217,000 $4,784,936 $4,209,000 Single Family 214.4%Single Family Lot $545,000 $843,000 $1,100,000 $40,000 $1,307,500 $75,000 $0 $265,000 Single Family Lot -58.3%Total $200,813,818 $183,655,502 $288,851,426 $238,973,026 $246,453,150 $194,689,000 $237,081,236 $132,981,238 Total -18.5%

Total Sales Volume 2011

Number of Sales 2011 2010

Average $/SF 2011 2010

2011

2011

Average $/SF 2011

Number of Sales

Total Sales Volume2010

5




CURRENT MARKET ACTIVITY - YTD Performance Current and Prior Year Data Through: December

As of: December 31, 2011

2011

2011 YTD # of Sales $ Volume AVG $/SF AVG Sold Price AVG Original Price AVG Orig-Sold % AVG Asking Price AVG Ask-Sold %Aspen 187 $707,427,037 $1,029 $3,783,032 $5,044,947 21% $4,422,417 11%Condo/Townhouse 95 $175,834,037 $1,043 $1,850,885 $2,391,822 20% $2,087,496 10%Single Family 81 $510,762,500 $1,012 $6,305,710 $8,488,889 22% $7,448,307 12%Single Family Lot 11 $20,830,500 N/A $1,893,682 $2,598,364 28% $2,306,091 18%Snowmass Village 82 $140,768,326 $681 $1,716,687 $2,108,323 19% $1,961,039 11%Condo/Townhouse 55 $49,798,326 $624 $905,424 $1,134,384 20% $1,032,185 11%Single Family 22 $85,795,000 $822 $3,899,773 $4,734,382 18% $4,468,909 11%Single Family Lot 5 $5,175,000 N/A $1,035,000 $1,267,000 11% $1,143,800 8%Basalt 114 $64,098,409 $264 $562,267 $758,358 21% $628,690 9%Condo/Townhouse 48 $16,556,705 $229 $344,931 $465,010 20% $382,295 8%Single Family 55 $45,013,704 $294 $818,431 $1,093,152 19% $911,955 7%Single Family Lot 11 $2,528,000 N/A $229,818 $364,445 36% $287,545 20%Total 383 $912,293,772 $732 $2,381,968 $3,140,314 21% $2,766,235 11%

2010 YTD # of Sales $ Volume AVG $/SF AVG Sold Price AVG Original Price AVG Orig-Sold % AVG Asking Price AVG Ask-Sold %Aspen 163 $616,906,803 $1,037 $3,784,704 $5,162,815 24% $4,537,279 13%Condo/Townhouse 78 $131,434,803 $1,025 $1,685,062 $2,273,319 24% $1,957,431 12%Single Family 72 $437,222,000 $1,050 $6,072,528 $8,258,054 24% $7,284,263 13%Single Family Lot 13 $48,250,000 N/A $3,711,538 $5,356,923 30% $4,802,308 21%Snowmass Village 62 $155,283,350 $785 $2,504,570 $3,369,418 22% $2,929,456 13%Condo/Townhouse 30 $29,883,500 $684 $996,117 $1,300,300 23% $1,178,213 13%Single Family 27 $116,794,850 $897 $4,325,735 $5,910,367 24% $5,059,996 13%Single Family Lot 5 $8,605,000 N/A $1,721,000 $2,063,000 9% $1,932,000 7%Basalt 69 $39,014,471 $296 $565,427 $749,933 20% $634,305 8%Condo/Townhouse 34 $14,666,135 $290 $431,357 $535,972 15% $484,465 7%Single Family 29 $22,700,836 $303 $782,787 $1,053,464 20% $869,460 8%Single Family Lot 6 $1,647,500 N/A $274,583 $495,317 45% $346,817 9%Total 294 $811,204,624 $811 $2,759,199 $3,748,939 23% $3,282,210 12%

2011 YTD vs 2010 YTD # of Sales $ Volume AVG $/SF AVG Sold Price AVG Original Price AVG Orig-Sold % AVG Asking Price AVG Ask-Sold %Aspen 14.7% 14.7% -0.8% 0.0% -2.3% 3.3% -2.5% 1.5%Condo/Townhouse 21.8% 33.8% 1.8% 9.8% 5.2% 4.2% 6.6% 1.7%Single Family 12.5% 16.8% -3.7% 3.8% 2.8% 2.2% 2.3% 0.5%Single Family Lot -15.4% -56.8% N/A -49.0% -51.5% 2.3% -52.0% 3.2%Snowmass Village 32.3% -9.3% -13.3% -31.5% -37.4% 3.7% -33.1% 1.7%Condo/Townhouse 83.3% 66.6% -8.7% -9.1% -12.8% 3.3% -12.4% 1.9%Single Family -18.5% -26.5% -8.4% -9.8% -19.9% 6.5% -11.7% 2.1%Single Family Lot 0.0% -39.9% N/A -39.9% -38.6% -1.8% -40.8% -1.1%Basalt 65.2% 64.3% -10.8% -0.6% 1.1% -1.4% -0.9% -1.1%Condo/Townhouse 41.2% 12.9% -20.9% -20.0% -13.2% -5.2% -21.1% -1.0%Single Family 89.7% 98.3% -2.9% 4.6% 3.8% 1.1% 4.9% 1.0%Single Family Lot 83.3% 53.4% N/A -16.3% -26.4% 9.3% -17.1% -10.8%Total 30.3% 12.5% -9.7% -13.7% -16.2% 2.3% -15.7% 1.1%

6




CURRENT MARKET ACTIVITY - YTD Sales + Pendings Active/Pending as of: December 31, 2011

dec Sold as of: December 31, 2011

12 % CHG from Prior Year 2010

2011 YTD 2010 YTD 2011PND + SLD PND + SLD YTD

Aspen 214 184 Aspen 16.3%Condo/Townhouse 105 89 Condo/Townhouse 18.0%Single Family 94 81 Single Family 16.0%Single Family Lot 15 14 Single Family Lot 7.1%Snowmass Village 85 67 Snowmass Village 26.9%Condo/Townhouse 57 33 Condo/Townhouse 72.7%Single Family 23 29 Single Family -20.7%Single Family Lot 5 5 Single Family Lot 0.0%Basalt 136 85 Basalt 60.0%Condo/Townhouse 61 43 Condo/Townhouse 41.9%Single Family 63 35 Single Family 80.0%Single Family Lot 12 7 Single Family Lot 71.4%Total 435 336 Total 29.5%

Number of Sales Number of Sales

7




CURRENT MARKET ACTIVITY - Inventory Active/Pending as of: December 31, 2011

dec dec And: December 31, 2010

A P 12 # 2010

2011 2010 % Change 2011 2010 % ChangeListed Listed Listed Pending Pending Pending

Aspen 466 468 -0.4% Aspen 27 21 28.6%Condo/Townhouse 186 200 -7.0% Condo/Townhouse 10 11 -9.1%Single Family 201 204 -1.5% Single Family 13 9 44.4%Single Family Lot 79 64 23.4% Single Family Lot 4 1 300.0%Snowmass Village 273 260 5.0% Snowmass Village 3 5 -40.0%Condo/Townhouse 176 163 8.0% Condo/Townhouse 2 3 -33.3%Single Family 75 77 -2.6% Single Family 1 2 -50.0%Single Family Lot 22 20 10.0% Single Family Lot 0 0 N/ABasalt 121 189 -36.0% Basalt 22 16 37.5%Condo/Townhouse 33 63 -47.6% Condo/Townhouse 13 9 44.4%Single Family 66 96 -31.3% Single Family 8 6 33.3%Single Family Lot 22 30 -26.7% Single Family Lot 1 1 0.0%Total 860 917 -6.2% Total 52 42 23.8%

Listing Inventory# of Listings

Pending Inventory

8




MEDIAN SALES PRICESActive/Pending as of: December 31, 2011


Median Sales Prices 2011 2010 2009 2008 2007 2006Aspen $2,150,000 $2,480,000 $2,787,500 $3,747,156 $2,212,500 $1,900,000

Condo/Townhouse $1,200,000 $1,075,000 $1,175,000 $1,617,500 $1,325,000 $1,100,000Single Family $5,000,000 $5,075,000 $5,100,000 $6,078,000 $5,750,000 $4,500,000Single Family Lot $1,900,000 $2,600,000 $3,000,000 $2,719,643 $3,950,000 $2,979,663

Snowmass Village $860,000 $1,535,750 $1,600,000 $1,207,385 $1,650,000 $1,375,000Condo/Townhouse $739,500 $760,000 $575,000 $954,385 $1,101,750 $740,000Single Family $3,137,500 $3,175,000 $2,400,000 $4,650,000 $4,100,000 $3,250,000Single Family Lot $635,000 $1,020,000 N/A $1,350,000 $1,850,000 $2,550,000

Basalt $422,450 $446,327 $571,500 $686,919 $599,000 $525,000Condo/Townhouse $283,500 $390,000 $425,000 $628,884 $540,000 $418,500Single Family $556,000 $645,000 $840,000 $1,050,000 $1,100,000 $805,000Single Family Lot $116,500 $257,500 $375,000 $442,000 $395,000 $280,000

NOTE: The original sale date for the majority of the Base Village condos was between Q4 2007 and Q4 2008.

Median Sales Prices % CHG 2011 2010 2009 2008 2007Aspen -13.3% -11.0% -25.6% 69.4% 16.4%

Condo/Townhouse 11.6% -8.5% -27.4% 22.1% 20.5%Single Family -1.5% -0.5% -16.1% 5.7% 27.8%Single Family Lot -26.9% -13.3% 10.3% -31.1% 32.6%

Snowmass Village -44.0% -4.0% 32.5% -26.8% 20.0%Condo/Townhouse -2.7% 32.2% -39.8% -13.4% 48.9%Single Family -1.2% 32.3% -48.4% 13.4% 26.2%Single Family Lot -37.7% N/A N/A -27.0% -27.5%

Basalt -5.3% -21.9% -16.8% 14.7% 14.1%Condo/Townhouse -27.3% -8.2% -32.4% 16.5% 29.0%Single Family -13.8% -23.2% -20.0% -4.5% 36.6%Single Family Lot -54.8% -31.3% -15.2% 11.9% 41.1%

9




CURRENT MARKET ACTIVITY - Sales Discounts RangesAs of: December 31, 2011

Ask-Sold Discount % 2011 2010 2009 2008 2007 2006Aspen

0%-<10% 50% 40% 45% 70% 91% 89%10%<20% 36% 39% 36% 26% 9% 10%20%<30% 12% 15% 12% 4% 0% 1%30%+ 2% 5% 6% 0% 0% 0%

Snowmass Village0%-<10% 51% 44% 35% 89% 93% 92%10%<20% 43% 32% 35% 10% 7% 8%20%<30% 4% 18% 27% 1% 0% 0%30%+ 2% 6% 3% 0% 0% 0%

Basalt0%-<10% 64% 72% 66% 77% 93% 91%10%<20% 25% 17% 27% 18% 6% 8%20%<30% 8% 7% 2% 4% 1% 2%30%+ 3% 3% 5% 1% 0% 0%

Orig-Sold Discount % 2011 2010 2009 2008 2007 2006Aspen

0%-<10% 26% 20% 22% 55% 80% 82%10%<20% 27% 23% 23% 29% 19% 14%20%<30% 22% 19% 27% 11% 1% 4%30%+ 26% 39% 28% 5% 0% 1%

Snowmass Village0%-<10% 32% 26% 19% 78% 82% 89%10%<20% 27% 15% 22% 16% 16% 10%20%<30% 21% 24% 22% 5% 2% 1%30%+ 21% 35% 38% 1% 0% 1%

Basalt0%-<10% 32% 26% 22% 76% 91% 89%10%<20% 19% 30% 29% 15% 6% 6%20%<30% 24% 22% 27% 8% 2% 3%30%+ 25% 22% 22% 2% 1% 3%

10




CURRENT MARKET ACTIVITY - Average Sales DiscountsAs of: December 31, 2011

2011 2010 2009 2008 2007 2006

Ask-Sold Discount % 2011 2010 2009 2008 2007 2006Aspen 11.4% 12.9% 12.7% 6.8% 3.8% 4.4%

Condo/Townhouse 10.1% 11.8% 10.5% 7.5% 3.2% 3.4%Single Family 12.1% 12.6% 13.6% 6.1% 4.7% 5.8%Single Family Lot 18.2% 21.4% 21.9% 4.7% 4.5% 6.7%

Snowmass Village 11.2% 12.9% 16.1% 3.1% 3.4% 3.7%Condo/Townhouse 11.4% 13.3% 15.9% 1.8% 3.4% 3.1%Single Family 11.4% 13.5% 16.2% 7.8% 3.8% 5.3%Single Family Lot 7.8% 6.7% 0.0% 1.8% 1.9% 3.0%

Basalt 8.9% 7.8% 7.8% 5.6% 2.7% 3.1%Condo/Townhouse 8.0% 7.0% 6.6% 4.8% 1.9% 2.7%Single Family 7.5% 8.5% 7.5% 7.9% 4.0% 2.9%Single Family Lot 19.9% 9.1% 37.0% 11.0% 2.7% 5.6%

Orig-Sold Discount % 2011 2010 2009 2008 2007 2006Aspen 21.0% 24.3% 22.1% 10.0% 4.8% 5.5%

Condo/Townhouse 19.6% 23.8% 20.5% 10.1% 4.3% 4.6%Single Family 21.8% 24.0% 23.0% 10.2% 5.3% 6.8%Single Family Lot 27.5% 29.8% 26.2% 6.2% 5.2% 7.4%

Snowmass Village 18.7% 22.4% 24.9% 5.1% 5.2% 4.2%Condo/Townhouse 19.9% 23.2% 26.7% 3.4% 4.5% 3.5%Single Family 17.5% 24.0% 22.7% 11.0% 7.0% 6.0%Single Family Lot 10.6% 8.8% 0.0% 1.8% 6.8% 3.0%

Basalt 21.1% 19.7% 21.1% 1.8% 2.3% 3.0%Condo/Townhouse 19.8% 14.6% 19.1% -1.8% 2.0% 2.5%Single Family 19.3% 20.4% 22.1% 12.8% 4.8% 4.3%Single Family Lot 35.6% 44.9% 37.5% 11.0% -2.8% 1.6%

11




ASPEN CURRENT MARKET ACTIVITYActive/Pending as of: December 31, 2011


2011Condos/Townhomes Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 186 10 95 78 66 76 171 216AVG Price per SQ FT $1,150 $893 $1,043 $1,025 $1,149 $1,442 $1,264 $1,055AVG Sold Price N/A N/A $1,850,885 $1,685,062 $1,761,456 $2,394,849 $1,557,299 $1,513,805AVG Asking Price $1,773,840 $1,224,140 $2,087,496 $1,957,431 $1,985,127 $2,616,790 $1,615,608 $1,570,459AVG Original Price $1,935,209 $1,299,945 $2,391,822 $2,273,319 $2,278,714 $2,655,720 $1,644,420 $1,593,206AVG Ask/Sold Discount % N/A N/A 10.1% 11.8% 10.5% 7.5% 3.2% 3.4%AVG Days on Market 317 300 331 330 250 308 178 218

Single Family Homes Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 201 13 81 72 55 60 102 123AVG Price per SQ FT $1,361 $1,079 $1,012 $1,050 $1,132 $1,360 $1,291 $1,157AVG Sold Price N/A N/A $6,305,710 $6,072,528 $6,864,867 $6,615,624 $6,203,918 $5,719,561AVG Asking Price $8,496,945 $3,976,423 $7,448,307 $7,284,263 $7,967,849 $7,044,867 $6,540,872 $6,144,045AVG Original Price $9,045,923 $4,815,077 $8,488,889 $8,258,054 $9,076,667 $7,415,017 $6,604,151 $6,183,069AVG Ask/Sold Discount % N/A N/A 12.1% 12.6% 13.6% 6.1% 4.7% 5.8%AVG Days on Market 348 271 399 384 278 323 268 258

Single Family Lots Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 79 4 11 13 11 6 25 29AVG Sold Price N/A N/A $1,893,682 $3,711,538 $2,798,377 $2,657,381 $4,490,186 $3,481,934AVG Asking Price $3,611,696 $3,303,625 $2,306,091 $4,802,308 $3,756,364 $2,883,333 $4,658,960 $3,733,517AVG Original Price $3,942,380 $4,184,250 $2,598,364 $5,356,923 $3,952,273 $2,949,167 $4,687,360 $3,781,103AVG Ask/Sold Discount % N/A N/A 18.2% 21.4% 21.9% 4.7% 4.5% 6.7%AVG Days on Market 471 481 477 359 236 368 204 387

12




SNOWMASS VILLAGE CURRENT MARKET ACTIVITYActive/Pending as of: December 31, 2011


2011Condos/Townhomes Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 176 2 55 30 21 101 102 104AVG Price per SQ FT $815 $358 $624 $684 $758 $1,049 $1,024 $770AVG Sold Price N/A N/A $905,424 $996,117 $1,061,519 $1,184,001 $1,357,391 $1,061,075AVG Asking Price $1,212,268 $389,450 $1,032,185 $1,178,213 $1,339,357 $1,210,887 $1,410,620 $1,104,130AVG Original Price $1,302,031 $389,450 $1,134,384 $1,300,300 $1,536,786 $1,230,333 $1,434,155 $1,113,548AVG Ask/Sold Discount % N/A N/A 11.4% 13.3% 15.9% 1.8% 3.4% 3.1%AVG Days on Market 312 134 267 273 218 680 235 110


Single Family Homes Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 75 1 22 27 16 29 35 49AVG Price per SQ FT $1,162 $943 $822 $897 $889 $1,205 $1,116 $884AVG Sold Price N/A N/A $3,899,773 $4,325,735 $4,596,875 $5,605,528 $5,073,800 $3,659,946AVG Asking Price $5,793,940 $3,800,000 $4,468,909 $5,059,996 $5,363,750 $6,018,759 $5,278,400 $3,891,735AVG Original Price $6,110,827 $4,200,000 $4,734,382 $5,910,367 $5,716,875 $6,149,966 $5,441,971 $3,929,796AVG Ask/Sold Discount % N/A N/A 11.4% 13.5% 16.2% 7.8% 3.8% 5.3%AVG Days on Market 338 996 305 238 280 188 242 217

Single Family Lots Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 22 0 5 5 0 1 7 15AVG Sold Price N/A N/A $1,035,000 $1,721,000 $0 $1,350,000 $2,325,631 $2,867,167AVG Asking Price $3,115,523 $0 $1,143,800 $1,932,000 $0 $1,375,000 $2,362,857 $2,960,500AVG Original Price $3,450,000 $0 $1,267,000 $2,063,000 $0 $1,375,000 $2,477,857 $2,960,500AVG Ask/Sold Discount % N/A 0 7.8% 6.7% 0.0% 1.8% 1.9% 3.0%AVG Days on Market 539 0 316 52 0 88 218 224

13




BASALT CURRENT MARKET ACTIVITYActive/Pending as of: December 31, 2011


2011Condos/Townhomes Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 33 13 48 34 19 87 105 134AVG Price per SQ FT $297 $193 $229 $290 $335 $478 $459 $350AVG Sold Price N/A N/A $344,931 $431,357 $463,113 $674,802 $589,136 $461,486AVG Asking Price $375,330 $239,746 $382,295 $484,465 $494,390 $706,738 $597,684 $475,126AVG Original Price $399,447 $268,900 $465,010 $535,972 $583,088 $674,598 $602,387 $488,915AVG Ask/Sold Discount % N/A N/A 8.0% 7.0% 6.6% 4.8% 1.9% 2.7%AVG Days on Market 185 123 232 182 245 633 226 306

Single Family Homes Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 66 8 55 29 21 27 66 81AVG Price per SQ FT $661 $337 $294 $303 $410 $644 $529 $378AVG Sold Price N/A N/A $818,431 $782,787 $1,245,714 $1,500,988 $1,440,432 $1,043,997AVG Asking Price $2,109,529 $998,975 $911,955 $869,460 $1,388,939 $1,645,000 $1,508,052 $1,081,451AVG Original Price $2,313,377 $1,046,713 $1,093,152 $1,053,464 $1,673,857 $1,705,667 $1,532,469 $1,100,041AVG Ask/Sold Discount % N/A N/A 7.5% 8.5% 7.5% 7.9% 4.0% 2.9%AVG Days on Market 332 187 257 254 259 190 140 144

Single Family Lots Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 22 1 11 6 1 2 28 24AVG Sold Price N/A N/A $229,818 $274,583 $375,000 $442,000 $543,868 $443,346AVG Asking Price $805,409 $240,000 $287,545 $346,817 $595,000 $512,000 $563,868 $482,133AVG Original Price $934,818 $240,000 $364,445 $495,317 $600,000 $512,000 $548,939 $471,638AVG Ask/Sold Discount % N/A N/A 19.9% 9.1% 37.0% 11.0% 2.7% 5.6%AVG Days on Market 376 502 327 294 287 135 324 460

14




CONDO & TOWNHOME CURRENT MARKET ACTIVITYDecember 31, 2011

15




CONDO & TOWNHOME CURRENT MARKET ACTIVITYActive/Pending as of: December 31, 2011


NUMBER OF LISTINGS/SALES 2011# Listed/Sold Active Listings Pending 2011 2010 2009 2008 2007 2006Condos 401 27 200 143 106 266 380 465

East Aspen 6 0 0 0 2 2 2 4Smuggler 18 2 4 3 3 9 13 14Central Core 133 8 77 60 48 52 108 154Red Mountain 1 0 1 0 0 0 0 0West End 15 0 6 9 3 5 24 20West Aspen 13 0 7 6 10 8 24 24Snowmass Village 176 2 55 30 21 101 102 104Basalt Proper 26 9 18 16 6 8 44 44El Jebel 9 6 30 18 13 79 61 90


NUMBER OF BEDROOMS# Listed/Sold Active Listings Pending 2011 2010 2009 2008 2007 2006Aspen 185 10 95 78 65 76 171 216

Studio 19 0 8 6 9 5 29 211 34 3 8 11 8 9 31 262 61 3 32 24 21 26 65 853 49 3 31 28 19 25 30 574 17 1 11 8 8 10 13 235+ 5 0 5 1 0 1 3 4

Snowmass Village 176 2 55 30 21 101 102 104Studio 19 0 1 1 4 7 10 111 24 0 4 3 4 32 12 162 67 1 24 12 4 43 48 423 45 1 21 10 6 16 20 264 20 0 4 4 3 3 11 85+ 1 0 1 0 0 0 1 1

Basalt 33 13 48 34 19 87 105 134Studio 3 0 0 0 1 2 1 21 7 0 3 4 2 6 11 172 15 9 26 15 10 50 67 703 4 4 14 10 4 27 23 414 4 0 5 5 2 2 3 45+ 0 0 0 0 0 0 0 0

16






AVERAGE PRICE PER SQ FT# Listed/Sold Active Listings Pending 2011 2010 2009 2008 2007 2006Aspen 186 10 95 78 66 76 171 216

<$750 23 3 21 15 8 1 13 35$750<$1000 46 3 20 20 11 11 30 59$1000<$1250 51 4 30 25 28 12 43 70$1250<$1500 38 0 17 12 11 16 36 38$1500<$1750 16 0 4 4 5 21 37 10$1750<$2000 6 0 2 1 0 8 7 3$2000< 6 0 1 1 3 7 5 1

Snowmass Village 176 2 55 30 21 101 102 104 <$500 20 2 19 4 2 1 3 8$500<$750 56 0 21 14 9 5 15 53$750<$1000 68 0 12 10 7 40 33 26$1000<$1250 19 0 3 2 1 40 27 11$1250<$1500 9 0 0 0 2 10 17 5$1500<$1750 3 0 0 0 0 5 4 1$1750< 1 0 0 0 0 0 3 0

Basalt 33 13 48 34 19 87 105 134 <$200 8 8 17 5 0 0 0 1$200<$300 13 5 24 17 10 1 1 40$300<$400 6 0 6 10 6 8 34 63$400<$500 2 0 1 2 2 50 35 20$500<$600 1 0 0 0 1 21 23 6$600<$700 3 0 0 0 0 5 6 3$700< 0 0 0 0 0 2 6 1

NOTE: The original sale date for the majority of the Base Village condos was between Q4 2007 and Q4 2008. *Some Basalt Condo Sales from 2006-07 did not have $/SF info

AVERAGE PRICE# Listed/Sold Active Listings Pending 2011 2010 2009 2008 2007 2006Aspen 186 10 95 78 66 76 171 216

<$0.5MM 31 0 10 8 6 3 25 40$0.5MM<$1MM 51 8 22 24 23 19 45 57$1MM<$1.5MM 44 0 25 19 7 10 28 55$1.5MM<$2MM 16 1 7 11 11 15 38 23$2MM<$2.5MM 6 0 8 2 3 5 10 9$2.5MM<$3MM 11 0 2 3 2 3 4 9$3MM< 27 1 21 11 14 21 21 23

Snowmass Village 176 2 55 30 21 101 102 104 <$0.25MM 12 0 0 1 3 1 5 4$0.25MM<$0.5MM 26 2 15 5 5 1 4 18$0.5MM<$0.75MM 30 0 13 8 3 20 18 30$0.75MM<$1MM 39 0 13 7 1 32 20 20$1MM<$1.25MM 13 0 6 1 3 13 9 6$1.25MM<$1.5MM 12 0 1 2 1 10 6 7$1.5MM< 44 0 7 6 5 24 40 19

Basalt 33 13 48 34 19 87 105 134 <$0.2MM 7 3 6 2 0 0 0 1$0.2MM<$0.3MM 9 9 21 7 0 2 1 17$0.3MM<$0.4MM 5 1 9 10 8 3 14 36$0.4MM<$0.5MM 7 0 7 6 4 11 28 32$0.5MM<$0.6MM 3 0 1 4 5 24 30 32$0.6MM<$0.7MM 1 0 1 0 1 16 16 10$0.7MM< 1 0 3 5 1 31 16 6

17






2011East Aspen Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 6 0 0 0 2 2 2 4AVG Price per SQ FT $935 $0 $0 $0 $1,115 $994 $1,389 $1,136AVG Sold Price N/A N/A $0 $0 $2,375,000 $835,000 $880,250 $2,040,500AVG Asking Price $1,420,667 $0 $0 $0 $2,822,500 $862,000 $885,000 $2,102,250AVG Original Price $1,627,333 $0 $0 $0 $3,035,000 $935,000 $1,037,500 $2,097,250AVG Ask/Sold Discount % N/A 0 0.0% 0.0% 14.2% 3.0% 0.5% 1.7%AVG Days on Market 489 0 0 0 104 138 120 90

Smuggler Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 18 2 4 3 3 9 13 14AVG Price per SQ FT $857 $872 $846 $993 $811 $1,191 $1,058 $786AVG Sold Price N/A N/A $1,518,750 $1,401,667 $615,000 $1,405,000 $1,103,038 $736,586AVG Asking Price $966,889 $1,172,500 $1,697,500 $1,418,333 $680,000 $1,497,889 $1,134,692 $785,425AVG Original Price $1,079,222 $1,335,000 $1,709,750 $1,474,333 $742,000 $1,530,889 $1,199,077 $811,282AVG Ask/Sold Discount % N/A N/A 10.8% 2.7% 9.5% 6.4% 2.6% 4.6%AVG Days on Market 262 289 175 306 208 138 112 143

Central Core Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 133 8 77 60 48 52 108 154AVG Price per SQ FT $1,252 $899 $1,128 $1,123 $1,266 $1,603 $1,404 $1,167AVG Sold Price N/A N/A $1,939,707 $1,715,605 $1,849,953 $2,520,890 $1,562,174 $1,692,235AVG Asking Price $1,932,082 $1,237,050 $2,195,178 $2,014,553 $2,059,967 $2,786,548 $1,617,069 $1,753,584AVG Original Price $2,090,924 $1,291,181 $2,512,619 $2,365,791 $2,387,398 $2,796,793 $1,640,789 $1,769,435AVG Ask/Sold Discount % N/A N/A 11.0% 12.1% 10.0% 8.3% 3.1% 3.2%AVG Days on Market 306 302 336 346 266 319 129 235

West End Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 15 0 6 9 3 5 24 20AVG Price per SQ FT $1,028 $0 $648 $641 $979 $1,335 $1,078 $787AVG Sold Price N/A N/A $896,931 $932,000 $1,059,975 $1,399,623 $1,264,096 $970,200AVG Asking Price $1,121,000 $0 $893,733 $1,025,778 $1,123,000 $1,504,600 $1,341,063 $1,007,732AVG Original Price $1,197,333 $0 $944,400 $1,167,667 $1,356,333 $1,577,600 $1,345,605 $1,017,803AVG Ask/Sold Discount % N/A 0 0.9% 9.8% 5.5% 7.8% 4.3% 3.8%AVG Days on Market 299 0 197 283 130 169 379 218

18






2011West Aspen Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 13 0 7 6 10 8 24 24AVG Price per SQ FT $742 $0 $615 $637 $759 $877 $923 $701AVG Sold Price N/A N/A $2,053,571 $2,650,917 $1,768,340 $3,701,141 $2,131,042 $1,187,479AVG Asking Price $2,078,792 $0 $2,350,286 $3,053,233 $2,108,600 $3,905,938 $2,204,958 $1,233,646AVG Original Price $2,342,769 $0 $2,910,143 $3,406,567 $2,343,500 $4,108,188 $2,251,375 $1,314,021AVG Ask/Sold Discount % N/A 0 8.8% 17.2% 13.5% 4.7% 2.7% 3.5%AVG Days on Market 431 0 439 249 253 561 240 171

Snowmass Village Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 176 2 55 30 21 101 102 104AVG Price per SQ FT $815 $358 $624 $684 $758 $1,049 $1,024 $770AVG Sold Price N/A N/A $905,424 $996,117 $1,061,519 $1,184,001 $1,357,391 $1,061,075AVG Asking Price $1,212,268 $389,450 $1,032,185 $1,178,213 $1,339,357 $1,210,887 $1,410,620 $1,104,130AVG Original Price $1,302,031 $389,450 $1,134,384 $1,300,300 $1,536,786 $1,230,333 $1,434,155 $1,113,548AVG Ask/Sold Discount % N/A N/A 11.4% 13.3% 15.9% 1.8% 3.4% 3.1%AVG Days on Market 312 134 267 273 218 680 235 110


Basalt Proper Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 26 9 18 16 6 8 44 44AVG Price per SQ FT $299 $194 $262 $314 $327 $507 $500 $386AVG Sold Price N/A N/A $406,737 $410,303 $408,855 $674,750 $674,011 $545,659AVG Asking Price $383,308 $224,644 $457,887 $493,945 $439,000 $708,563 $676,114 $558,698AVG Original Price $409,340 $242,867 $601,256 $565,452 $553,500 $744,125 $685,443 $591,889AVG Ask/Sold Discount % N/A N/A 7.3% 8.9% 6.7% 4.0% 0.7% 1.9%AVG Days on Market 209 100 277 241 267 141 123 96

El Jebel Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 9 6 30 18 13 79 61 90AVG Price per SQ FT $270 $182 $210 $269 $339 $475 $430 $332AVG Sold Price N/A N/A $307,848 $450,072 $488,155 $674,808 $527,915 $420,335AVG Asking Price $368,878 $289,133 $336,940 $476,039 $519,955 $706,554 $541,111 $434,268AVG Original Price $430,989 $324,983 $383,263 $509,767 $596,743 $667,558 $542,477 $438,572AVG Ask/Sold Discount % N/A N/A 8.4% 5.3% 6.6% 4.9% 2.8% 3.1%AVG Days on Market 237 169 205 130 235 683 301 409

19




SINGLE FAMILY HOME CURRENT MARKET ACTIVITYDecember 31, 2011

20




SINGLE FAMILY HOME CURRENT MARKET ACTIVITYActive/Pending as of: December 31, 2011


NUMBER OF LISTINGS/SALES 2011# Listed/Sold Active Listings Pending 2011 2010 2009 2008 2007 2006Single Family Homes 448 34 212 154 120 144 269 341

East Aspen 18 2 16 13 7 9 16 14Smuggler 14 0 3 3 3 11 7 8Central Core 19 1 5 8 4 2 6 7Red Mountain 32 3 7 7 3 5 11 10West End 15 3 15 22 15 14 16 29West Aspen 83 3 28 11 21 17 37 43McLain Flats 20 1 7 8 2 2 9 12Snowmass Village 75 1 22 27 16 29 35 49Woody Creek 19 1 4 2 3 5 8 12Old Snowmass 35 1 17 9 6 5 13 21Basalt Proper 27 3 32 13 11 11 24 41Frying Pan/Reudi 19 2 4 2 4 2 12 7Emma/Sopris Creek 14 2 8 4 1 3 12 9El Jebel 16 5 21 13 15 18 37 47Missouri Heights 42 6 23 12 9 11 26 32


<$2.5MM 27 4 18 13 6 1 8 20$2.5MM<$5MM 51 5 22 22 20 19 35 46$5MM<$7.5MM 43 4 21 20 12 22 36 31$7.5MM<$10MM 33 0 5 7 8 13 9 13$10MM<$12.5MM 8 0 2 5 4 2 7 5$12.5MM<$15MM 8 0 6 3 2 0 5 0$15MM< 31 0 7 2 3 3 2 8

Snowmass Village 75 1 22 27 16 29 35 49 <$2MM 9 0 6 5 7 3 0 7$2MM<$4MM 29 1 10 10 4 9 17 26$4MM<$6MM 10 0 3 7 0 8 9 10$6MM<$8MM 11 0 1 1 2 3 4 6$8MM<$10MM 7 0 0 2 2 2 1 0$10MM<$12MM 5 0 1 2 0 3 4 0$12MM< 4 0 1 0 1 1 0 0

Basalt 17 2 55 29 21 27 66 81 <$0.75MM 0 0 19 9 0 0 3 7$0.75MM<$1MM 9 1 21 9 7 3 13 24$1MM<$1.25MM 3 1 5 5 7 9 12 18$1.25MM<$1.5MM 4 0 1 3 1 6 13 12$1.5MM<$1.75MM 1 0 4 0 3 1 6 5$1.75MM<$2MM 0 0 0 1 1 1 4 7$2MM< 0 0 5 2 2 7 15 8

21






AVERAGE PRICE PER SQ FT# Listed/Sold Active Listings Pending 2011 2010 2009 2008 2007 2006Aspen 201 13 81 72 55 60 102 123

<$750 24 2 20 12 8 1 8 16$750<$1000 29 5 25 22 17 7 13 36$1000<$1250 55 2 14 22 14 13 32 32$1250<$1500 29 3 12 10 7 26 27 25$1500<$1750 23 0 8 3 4 5 9 6$1750<$2000 18 0 2 1 1 6 5 2$2000< 23 1 0 2 4 2 8 6

Snowmass Village 75 1 22 27 16 29 35 49 <$500 1 0 5 2 2 0 0 0$500<$750 21 0 7 10 8 3 2 17$750<$1000 17 1 4 5 1 10 15 18$1000<$1250 7 0 4 5 0 5 8 8$1250<$1500 15 0 0 2 2 4 5 5$1500<$1750 6 0 0 3 3 4 3 1$1750< 8 0 2 0 0 3 2 0

Basalt 66 8 55 29 21 27 66 81 <$200 7 3 24 5 2 0 1 2$200<$300 17 3 19 14 9 5 6 34$300<$400 9 0 5 7 5 10 21 25$400<$500 10 0 1 0 2 2 18 5$500<$600 4 0 1 1 0 1 5 6$600<$700 3 1 1 1 1 1 2 3$700< 16 1 4 1 2 8 13 6

22






2011East Aspen Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 18 2 16 13 7 9 16 14AVG Price per SQ FT $1,357 $886 $1,070 $896 $1,170 $1,451 $1,257 $1,246AVG Sold Price N/A N/A $5,556,688 $5,848,077 $7,657,143 $6,095,556 $5,008,500 $4,825,405AVG Asking Price $7,000,000 $3,154,750 $6,362,181 $6,752,231 $9,457,143 $6,493,000 $5,239,375 $5,182,857AVG Original Price $7,416,833 $3,991,000 $6,921,563 $7,544,231 $11,221,429 $6,727,444 $5,399,063 $5,183,214AVG Ask/Sold Discount % N/A N/A 10.0% 12.5% 19.5% 6.5% 4.7% 6.4%AVG Days on Market 294 215 369 403 431 266 288 263

Smuggler Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 14 0 3 3 3 11 7 8AVG Price per SQ FT $872 $0 $1,090 $759 $977 $1,110 $909 $896AVG Sold Price N/A N/A $7,825,000 $4,250,000 $4,098,333 $4,520,609 $3,600,714 $3,977,500AVG Asking Price $3,666,714 $0 $11,196,333 $4,914,667 $4,861,667 $4,803,182 $3,778,571 $4,201,875AVG Original Price $4,126,000 $0 $11,468,000 $6,881,667 $5,615,000 $5,129,909 $3,784,986 $4,286,250AVG Ask/Sold Discount % N/A 0 13.5% 8.8% 15.4% 7.0% 3.7% 6.2%AVG Days on Market 506 0 415 516 375 754 192 316

Central Core Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 19 1 5 8 4 2 6 7AVG Price per SQ FT $1,449 $1,006 $1,416 $1,419 $1,418 $1,526 $1,493 $1,185AVG Sold Price N/A N/A $8,635,000 $5,753,750 $6,412,178 $5,420,000 $6,377,600 $7,642,857AVG Asking Price $6,537,842 $2,175,000 $10,060,000 $6,993,125 $6,612,178 $6,235,000 $6,561,400 $8,427,143AVG Original Price $7,278,368 $2,250,000 $12,660,000 $8,243,750 $6,724,428 $6,985,000 $6,125,000 $8,355,714AVG Ask/Sold Discount % N/A N/A 11.9% 14.0% 2.1% 11.7% 3.7% 6.0%AVG Days on Market 306 193 542 393 214 101 577 238

Red Mountain Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 32 3 7 7 3 5 11 10AVG Price per SQ FT $1,734 $1,203 $1,080 $1,343 $1,529 $1,721 $1,674 $1,691AVG Sold Price N/A N/A $8,425,000 $10,130,429 $20,666,667 $12,377,568 $8,969,545 $13,237,500AVG Asking Price $12,044,844 $5,213,333 $9,809,286 $13,163,571 $22,315,000 $13,110,000 $9,475,818 $13,931,900AVG Original Price $13,104,188 $7,365,000 $12,491,429 $14,463,571 $24,498,333 $14,010,000 $9,558,545 $13,759,900AVG Ask/Sold Discount % N/A N/A 10.0% 19.7% 12.3% 5.3% 5.5% 7.2%AVG Days on Market 302 370 571 341 276 331 277 198

23






2011West End Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 15 3 15 22 15 14 16 29AVG Price per SQ FT $1,543 $1,700 $1,216 $1,054 $1,145 $1,464 $1,535 $1,320AVG Sold Price N/A N/A $5,703,333 $4,244,500 $5,021,600 $6,850,913 $5,609,063 $4,486,897AVG Asking Price $6,733,000 $4,281,667 $6,373,867 $4,841,818 $5,800,933 $7,133,929 $5,898,812 $4,620,172AVG Original Price $7,077,000 $4,281,667 $6,823,800 $5,762,727 $6,669,600 $7,258,929 $5,738,562 $4,603,276AVG Ask/Sold Discount % N/A N/A 9.7% 12.2% 13.5% 4.0% 4.1% 2.7%AVG Days on Market 248 142 247 420 213 138 228 203

West Aspen Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 83 3 28 11 21 17 37 43AVG Price per SQ FT $1,221 $574 $818 $829 $1,015 $1,197 $1,210 $979AVG Sold Price N/A N/A $5,748,875 $5,938,636 $6,833,333 $6,579,006 $6,527,284 $5,261,693AVG Asking Price $8,694,855 $3,091,333 $6,987,929 $7,735,809 $8,147,333 $7,110,294 $6,877,987 $5,861,721AVG Original Price $9,129,108 $3,858,000 $7,718,179 $7,826,809 $9,411,429 $7,625,294 $7,008,311 $5,946,023AVG Ask/Sold Discount % N/A N/A 14.5% 11.5% 14.0% 6.8% 4.2% 7.1%AVG Days on Market 386 274 409 367 279 269 242 281

McLain Flats Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 20 1 7 8 2 2 9 12AVG Price per SQ FT $1,465 $815 $824 $1,076 $1,191 $1,923 $942 $1,008AVG Sold Price N/A N/A $7,101,714 $9,100,000 $2,600,000 $5,933,500 $6,585,944 $5,156,875AVG Asking Price $9,911,500 $5,450,000 $8,242,000 $10,280,000 $2,972,500 $6,325,000 $7,157,778 $5,432,875AVG Original Price $10,273,475 $5,850,000 $10,463,571 $11,973,750 $2,872,500 $6,325,000 $7,525,000 $5,699,958AVG Ask/Sold Discount % N/A N/A 13.6% 9.3% 12.5% 4.4% 8.4% 6.2%AVG Days on Market 315 547 475 255 198 162 251 320

Snowmass Village Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 75 1 22 27 16 29 35 49AVG Price per SQ FT $1,162 $943 $822 $897 $889 $1,205 $1,116 $884AVG Sold Price N/A N/A $3,899,773 $4,325,735 $4,596,875 $5,605,528 $5,073,800 $3,659,946AVG Asking Price $5,793,940 $3,800,000 $4,468,909 $5,059,996 $5,363,750 $6,018,759 $5,278,400 $3,891,735AVG Original Price $6,110,827 $4,200,000 $4,734,382 $5,910,367 $5,716,875 $6,149,966 $5,441,971 $3,929,796AVG Ask/Sold Discount % N/A N/A 11.4% 13.5% 16.2% 7.8% 3.8% 5.3%AVG Days on Market 338 996 305 238 280 188 242 217

24






2011Woody Creek Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 19 1 4 2 3 5 8 12AVG Price per SQ FT $925 $115 $690 $680 $574 $492 $858 $800AVG Sold Price N/A N/A $5,031,250 $3,550,000 $2,495,952 $1,370,000 $3,608,750 $4,101,167AVG Asking Price $4,403,105 $89,900 $7,185,000 $4,195,000 $2,616,000 $1,429,300 $3,745,375 $4,487,167AVG Original Price $4,964,684 $89,900 $9,511,250 $4,795,000 $3,033,333 $1,573,300 $3,745,375 $4,530,583AVG Ask/Sold Discount % N/A N/A 22.0% 15.7% 7.7% 5.7% 4.0% 5.6%AVG Days on Market 295 23 620 288 288 186 145 262

Old Snowmass Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 35 1 17 9 6 5 13 21AVG Price per SQ FT $777 $2,137 $436 $490 $455 $1,283 $1,761 $465AVG Sold Price N/A N/A $2,898,235 $1,962,278 $1,293,833 $11,509,000 $4,316,538 $1,486,426AVG Asking Price $3,450,455 $7,995,000 $3,659,988 $2,334,978 $1,550,333 $12,159,600 $4,818,992 $1,613,448AVG Original Price $3,875,629 $7,995,000 $4,056,151 $3,185,544 $1,727,617 $12,175,000 $4,515,146 $1,678,233AVG Ask/Sold Discount % N/A N/A 13.1% 16.3% 15.0% 5.8% 5.6% 5.6%AVG Days on Market 530 291 505 363 211 255 170 240

Basalt Proper Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 27 3 32 13 11 11 24 41AVG Price per SQ FT $512 $213 $300 $302 $525 $836 $590 $423AVG Sold Price N/A N/A $767,825 $672,841 $1,486,818 $2,090,000 $1,276,296 $1,170,341AVG Asking Price $1,600,959 $806,000 $852,794 $714,016 $1,611,000 $2,259,091 $1,313,938 $1,222,622AVG Original Price $1,740,144 $806,000 $924,995 $856,358 $1,770,273 $2,281,818 $1,339,500 $1,250,683AVG Ask/Sold Discount % N/A N/A 6.6% 6.8% 2.8% 8.2% 2.4% 3.5%AVG Days on Market 296 76 191 210 198 183 156 154

Frying Pan/Reudi Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 19 2 4 2 4 2 12 7AVG Price per SQ FT $927 $509 $394 $413 $230 $254 $576 $306AVG Sold Price N/A N/A $1,125,000 $1,037,500 $938,750 $742,500 $1,662,625 $657,757AVG Asking Price $2,927,632 $542,000 $1,211,000 $1,203,500 $1,167,500 $887,500 $1,746,458 $674,143AVG Original Price $3,201,316 $592,000 $1,456,000 $1,360,000 $1,843,750 $947,500 $1,738,208 $694,143AVG Ask/Sold Discount % N/A N/A 8.2% 11.5% 17.5% 13.7% 5.2% 2.0%AVG Days on Market 385 183 242 442 484 251 158 132

25






2011Emma/Sopris Creek Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 14 2 8 4 1 3 12 9AVG Price per SQ FT $697 $438 $359 $458 $436 $1,219 $637 $503AVG Sold Price N/A N/A $1,165,025 $1,467,500 $945,000 $1,900,000 $2,398,750 $1,579,415AVG Asking Price $2,378,429 $2,007,450 $1,332,787 $1,723,725 $995,000 $2,306,667 $2,544,500 $1,626,667AVG Original Price $2,583,143 $2,148,400 $1,719,638 $2,261,225 $1,295,000 $2,306,667 $2,627,833 $1,646,333AVG Ask/Sold Discount % N/A N/A 10.0% 14.0% 5.0% 15.1% 5.6% 3.9%AVG Days on Market 293 421 261 329 246 174 148 147

El Jebel Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 16 5 21 13 15 18 37 47AVG Price per SQ FT $279 $175 $185 $225 $282 $360 $331 $300AVG Sold Price N/A N/A $481,945 $558,185 $662,767 $841,329 $751,210 $653,037AVG Asking Price $724,031 $350,760 $525,241 $614,403 $729,148 $878,378 $781,888 $666,394AVG Original Price $839,000 $403,560 $714,392 $710,838 $860,733 $953,717 $790,404 $668,304AVG Ask/Sold Discount % N/A N/A 5.5% 7.8% 7.6% 3.9% 3.5% 1.6%AVG Days on Market 275 150 312 261 230 177 110 105

Missouri Heights Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 42 6 23 12 9 11 26 32AVG Price per SQ FT $352 $176 $190 $286 $366 $345 $398 $344AVG Sold Price N/A N/A $571,235 $864,833 $1,214,222 $1,385,455 $1,339,700 $1,176,703AVG Asking Price $1,466,245 $742,817 $662,265 $1,002,833 $1,440,544 $1,537,000 $1,408,442 $1,216,047AVG Original Price $1,771,607 $1,159,667 $801,097 $1,078,833 $1,520,444 $1,570,727 $1,431,058 $1,224,466AVG Ask/Sold Discount % N/A N/A 11.1% 10.0% 12.3% 9.9% 4.0% 2.8%AVG Days on Market 504 339 266 265 265 217 215 209

26




SINGLE FAMILY LOT CURRENT MARKET ACTIVITYDecember 31, 2011

27




SINGLE FAMILY LOT CURRENT MARKET ACTIVITYActive/Pending as of: December 31, 2011


NUMBER OF LISTINGS/SALES 2011# Listed/Sold Active Listings Pending 2011 2010 2009 2008 2007 2006Single Family Lots 195 8 34 30 17 20 118 114

East Aspen 11 2 2 0 2 1 2 5Smuggler 3 0 0 0 0 1 1 0Central Core 7 0 0 1 1 1 1 0Red Mountain 8 1 0 1 0 0 1 0West End 2 1 2 2 1 0 2 4West Aspen 33 0 4 5 7 2 16 11McLain Flats 15 0 3 4 0 1 2 9Snowmass Village 22 0 5 5 0 1 7 15Woody Creek 7 1 3 1 0 1 13 7Old Snowmass 13 1 1 0 4 2 3 11Basalt Proper 9 1 2 2 0 0 6 2Frying Pan/Reudi 4 0 3 2 1 2 5 5Emma/Sopris Creek 6 0 3 1 0 0 7 5El Jebel 6 0 3 2 0 0 12 13Missouri Heights 49 1 3 4 1 8 40 27


<$1MM 11 0 2 0 0 0 1 1$1MM<$2MM 9 1 4 3 2 2 1 2$2MM<$3MM 20 2 3 4 2 2 4 12$3MM<$4MM 14 0 2 3 6 1 7 4$4MM<$5MM 6 0 0 1 1 1 5 6$5MM<$6MM 7 0 0 0 0 0 1 1$6MM< 12 1 0 2 0 0 6 3

Snowmass Village 22 0 5 5 0 1 7 15 <$1MM 4 0 3 2 0 0 0 0$1MM<$1.5MM 3 0 1 1 0 1 0 1$1.5MM<$2MM 4 0 0 0 0 0 5 3$2MM<$2.5MM 4 0 1 0 0 0 1 3$2.5MM<$3MM 1 0 0 0 0 0 0 2$3MM<$3.5MM 1 0 0 2 0 0 0 5$3.5MM< 5 0 0 0 0 0 1 1

Basalt 22 1 11 6 1 2 28 24 <$0.1MM 0 0 3 2 0 0 0 0$0.1MM<$0.2MM 3 0 4 0 0 0 1 1$0.2MM<$0.3MM 5 1 2 2 0 1 6 13$0.3MM<$0.4MM 4 0 0 1 1 0 7 1$0.4MM<$0.5MM 3 0 0 0 0 0 7 2$0.5MM<$0.6MM 2 0 0 0 0 0 1 0$0.6MM< 5 0 2 1 0 1 6 7

28






2011East Aspen Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 11 2 2 0 2 1 2 5AVG Sold Price N/A N/A $2,500,000 $0 $1,887,500 $1,650,000 $4,175,000 $4,320,000AVG Asking Price $3,541,364 $1,782,250 $2,847,500 $0 $1,997,500 $1,950,000 $4,600,000 $4,410,000AVG Original Price $3,655,455 $2,943,500 $3,097,500 $0 $2,825,000 $1,950,000 $4,600,000 $4,410,000AVG Ask/Sold Discount % N/A N/A 12.5% 0.0% 5.5% 15.4% 9.0% 1.6%AVG Days on Market 312 435 505 0 352 60 169 74

Smuggler Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 3 0 0 0 0 1 1 0AVG Sold Price N/A N/A $0 $0 $0 $4,105,000 $3,800,000 $0AVG Asking Price $2,001,333 $0 $0 $0 $0 $4,250,000 $4,200,000 $0AVG Original Price $2,193,000 $0 $0 $0 $0 $4,200,000 $4,995,000 $0AVG Ask/Sold Discount % N/A 0 0.0% 0.0% 0.0% 3.4% 9.5% 0.0%AVG Days on Market 324 0 0 0 0 611 71 0

Central Core Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 7 0 0 1 1 1 1 0AVG Sold Price N/A N/A $0 $2,500,000 $1,950,000 $1,000,000 $8,400,000 $0AVG Asking Price $3,685,000 $0 $0 $3,995,000 $1,950,000 $800,000 $7,900,000 $0AVG Original Price $3,955,714 $0 $0 $3,995,000 $1,950,000 $800,000 $7,900,000 $0AVG Ask/Sold Discount % N/A 0 0.0% 37.4% 0.0% -25.0% -6.3% 0.0%AVG Days on Market 539 0 0 147 28 163 146 0

Red Mountain Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 8 1 0 1 0 0 1 0AVG Sold Price N/A N/A $0 $13,000,000 $0 $0 $7,050,000 $0AVG Asking Price $6,461,250 $6,900,000 $0 $15,000,000 $0 $0 $7,050,000 $0AVG Original Price $6,930,000 $6,900,000 $0 $15,000,000 $0 $0 $7,050,000 $0AVG Ask/Sold Discount % N/A N/A 0.0% 13.3% 0.0% 0.0% 0.0% 0.0%AVG Days on Market 460 240 0 152 0 0 81 0

29






2011West End Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 2 1 2 2 1 0 2 4AVG Sold Price N/A N/A $1,801,750 $2,000,000 $3,300,000 $0 $3,292,500 $3,782,416AVG Asking Price $2,797,500 $2,750,000 $2,384,000 $2,395,000 $3,500,000 $0 $3,747,500 $3,861,250AVG Original Price $2,935,000 $3,950,000 $2,534,000 $3,750,000 $3,500,000 $0 $3,950,000 $3,861,250AVG Ask/Sold Discount % N/A N/A 24.8% 16.5% 5.7% 0.0% 10.7% 1.8%AVG Days on Market 382 814 278 738 52 0 138 113

West Aspen Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 33 0 4 5 7 2 16 11AVG Sold Price N/A N/A $1,980,500 $4,010,000 $3,108,163 $2,719,643 $4,477,733 $2,855,357AVG Asking Price $3,018,030 $0 $2,304,750 $5,519,000 $4,553,571 $3,175,000 $4,605,250 $3,182,455AVG Original Price $3,277,091 $0 $2,908,500 $6,139,000 $4,625,000 $3,397,500 $4,561,813 $3,337,455AVG Ask/Sold Discount % N/A 0 14.0% 26.1% 31.9% 14.5% 3.5% 9.5%AVG Days on Market 557 0 693 402 259 552 245 596

McLain Flats Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 15 0 3 4 0 1 2 9AVG Sold Price N/A N/A $1,435,000 $2,175,000 $0 $3,750,000 $3,212,954 $3,648,611AVG Asking Price $3,846,000 $0 $1,895,000 $2,762,500 $0 $3,950,000 $3,472,500 $3,974,444AVG Original Price $4,501,000 $0 $1,895,000 $3,112,500 $0 $3,950,000 $3,575,000 $3,938,333AVG Ask/Sold Discount % N/A 0 23.3% 15.9% 0.0% 5.1% 7.4% 8.3%AVG Days on Market 416 0 302 220 0 271 129 427

Snowmass Village Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 22 0 5 5 0 1 7 15AVG Sold Price N/A N/A $1,035,000 $1,721,000 $0 $1,350,000 $2,325,631 $2,867,167AVG Asking Price $3,115,523 $0 $1,143,800 $1,932,000 $0 $1,375,000 $2,362,857 $2,960,500AVG Original Price $3,450,000 $0 $1,267,000 $2,063,000 $0 $1,375,000 $2,477,857 $2,960,500AVG Ask/Sold Discount % N/A 0 7.8% 6.7% 0.0% 1.8% 1.9% 3.0%AVG Days on Market 539 0 316 52 0 88 218 224

30






2011Woody Creek Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 7 1 3 1 0 1 13 7AVG Sold Price N/A N/A $1,188,333 $1,350,000 $0 $4,310,000 $2,480,769 $3,510,714AVG Asking Price $2,310,000 $4,200,000 $1,405,000 $1,550,000 $0 $4,850,000 $3,824,615 $3,827,000AVG Original Price $2,874,286 $4,700,000 $2,365,000 $1,795,000 $0 $5,950,000 $3,942,308 $3,862,857AVG Ask/Sold Discount % N/A N/A 34.3% 12.9% 0.0% 11.1% 34.5% 8.1%AVG Days on Market 628 1,339 936 525 0 448 347 542

Old Snowmass Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 13 1 1 0 4 2 3 11AVG Sold Price N/A N/A $220,000 $0 $876,250 $1,165,000 $1,750,000 $1,886,970AVG Asking Price $1,200,538 $7,995,000 $248,000 $0 $1,304,750 $1,205,000 $1,946,667 $2,018,273AVG Original Price $1,417,154 $7,995,000 $475,000 $0 $1,300,750 $1,262,500 $1,980,000 $2,252,091AVG Ask/Sold Discount % N/A N/A 11.3% 0.0% 19.6% 3.7% 12.5% 4.3%AVG Days on Market 552 291 507 0 417 186 199 269

Basalt Proper Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 9 1 2 2 0 0 6 2AVG Sold Price N/A N/A $162,500 $257,500 $0 $0 $606,633 $249,950AVG Asking Price $343,000 $240,000 $174,500 $287,000 $0 $0 $614,133 $249,950AVG Original Price $581,556 $240,000 $227,000 $405,000 $0 $0 $614,133 $249,950AVG Ask/Sold Discount % N/A N/A 12.1% 10.2% 0.0% 0.0% 1.8% 0.0%AVG Days on Market 313 502 435 324 0 0 274 218

Frying Pan/Reudi Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 4 0 3 2 1 2 5 5AVG Sold Price N/A N/A $88,333 $203,750 $375,000 $442,000 $326,600 $553,200AVG Asking Price $918,750 $0 $101,000 $247,000 $595,000 $512,000 $341,400 $617,780AVG Original Price $925,000 $0 $149,633 $467,000 $600,000 $512,000 $339,800 $593,780AVG Ask/Sold Discount % N/A 0 17.6% 10.8% 37.0% 11.0% 4.6% 9.5%AVG Days on Market 218 0 241 264 287 135 672 591

31






2011Emma/Sopris Creek Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 6 0 3 1 0 0 7 5AVG Sold Price N/A N/A $535,000 $650,000 $0 $0 $936,141 $898,000AVG Asking Price $1,036,500 $0 $623,000 $950,000 $0 $0 $1,009,857 $1,000,000AVG Original Price $1,067,333 $0 $791,333 $1,100,000 $0 $0 $1,009,857 $1,000,000AVG Ask/Sold Discount % N/A 0 11.9% 31.6% 0.0% 0.0% 9.2% 10.0%AVG Days on Market 572 0 296 294 0 0 183 471

El Jebel Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 6 0 3 2 0 0 12 13AVG Sold Price N/A N/A $111,000 $112,500 $0 $0 $336,875 $239,185AVG Asking Price $896,000 $0 $214,000 $156,450 $0 $0 $331,208 $246,723AVG Original Price $1,006,833 $0 $244,000 $226,450 $0 $0 $297,042 $236,577AVG Ask/Sold Discount % N/A 0 35.5% 10.4% 0.0% 0.0% -1.7% 2.9%AVG Days on Market 495 0 372 358 0 0 244 418

Missouri Heights Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 49 1 3 4 1 8 40 27AVG Sold Price N/A N/A $261,667 $310,000 $1,200,000 $773,125 $508,375 $446,074AVG Asking Price $530,806 $149,000 $356,333 $407,250 $1,200,000 $773,625 $521,158 $460,496AVG Original Price $599,292 $149,000 $526,667 $424,750 $1,200,000 $773,625 $517,283 $461,885AVG Ask/Sold Discount % N/A N/A 13.6% 29.1% 0.0% 0.3% 3.0% 3.2%AVG Days on Market 619 151 383 263 42 157 263 275

32




SINGLE FAMILY LOT CURRENT MARKET ACTIVITYDecember 31, 2011

33




2011

SKI ACCESSIBLE PROPERTIESCondos/Townhomes Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 122 0 38 18 16 86 62 58AVG Price per SQ FT $850 $0 $695 $760 $791 $1,088 $1,086 $797AVG Sold Price N/A N/A $961,532 $1,131,417 $1,093,556 $1,233,199 $1,332,399 $976,397AVG Asking Price $1,224,602 $0 $1,101,239 $1,322,689 $1,407,094 $1,256,682 $1,385,311 $1,018,405AVG Original Price $1,328,250 $0 $1,196,308 $1,452,056 $1,587,406 $1,263,042 $1,406,047 $1,019,328AVG Ask/Sold Discount % N/A 0 11.9% 14.2% 17.1% 1.3% 3.7% 3.1%AVG Days on Market 316 0 228 258 195 763 274 112

NON-SKI ACCESSIBLE PROPERTIESCondos/Townhomes Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 54 2 17 12 5 15 40 46AVG Price per SQ FT $735 $358 $467 $570 $650 $821 $927 $736AVG Sold Price N/A N/A $780,007 $793,167 $959,000 $901,933 $1,396,130 $1,167,843AVG Asking Price $1,184,401 $389,450 $877,829 $961,500 $1,122,600 $948,333 $1,449,848 $1,212,217AVG Original Price $1,242,797 $389,450 $995,965 $1,072,667 $1,374,800 $1,042,800 $1,477,723 $1,232,348AVG Ask/Sold Discount % N/A N/A 10.3% 12.0% 12.4% 4.6% 2.9% 3.1%AVG Days on Market 303 134 353 295 290 203 175 106

THE SKI REPORTSnowmass Village - Condos/Townhomes

December 31, 2011

Number of Sales Average Sales Price

Andrew ErnemannBJ Adams and Company

[email protected]

www.AspenUpdate.com© 2011

0

20

40

60

80

100

2006 2007 2008 2009 2010 2011

Number of Sales

Ski-Accessible Condos/TH's Non-Ski Accessible Condos/TH's

$400

$600

$800

$1,000

$1,200

2006 2007 2008 2009 2010 2011

Average Sales Price per SQ FT


0%

5%

10%

15%

20%

2006 2007 2008 2009 2010 2011

Average Ask-Sold Discount (%)


$500,000

$700,000

$900,000

$1,100,000

$1,300,000

$1,500,000

2006 2007 2008 2009 2010 2011

Average Sales Price

Ski-AccessibleCondos/TH's Non-Ski Accessible Condos/TH's

2011

SKI ACCESSIBLE PROPERTIESSingle Family Homes Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 36 0 10 14 6 16 16 20AVG Price per SQ FT $1,377 $0 $1,113 $1,077 $1,401 $1,505 $1,344 $977AVG Sold Price N/A N/A $6,052,500 $5,419,275 $9,162,500 $7,356,750 $6,420,188 $4,544,080AVG Asking Price $7,170,208 $0 $7,022,000 $6,337,857 $10,510,833 $7,830,313 $6,675,000 $4,883,000AVG Original Price $7,434,972 $0 $7,232,340 $7,651,786 $11,006,667 $7,901,875 $6,813,125 $5,049,750AVG Ask/Sold Discount % N/A 0 13.1% 12.9% 12.8% 7.1% 4.0% 6.4%AVG Days on Market 355 0 278 272 325 142 290 252

NON-SKI ACCESSIBLE PROPERTIESSingle Family Homes Listed Pending 2011 2010 2009 2008 2007 2006Number of Listings/Sales 39 1 12 13 10 13 19 29AVG Price per SQ FT $965 $943 $580 $704 $582 $837 $925 $820AVG Sold Price N/A N/A $2,105,833 $3,148,077 $1,857,500 $3,450,177 $3,940,000 $3,050,199AVG Asking Price $4,523,538 $3,800,000 $2,341,333 $3,683,838 $2,275,500 $3,789,154 $4,102,316 $3,208,103AVG Original Price $4,888,538 $4,200,000 $2,652,750 $4,034,992 $2,543,000 $3,993,769 $4,287,316 $3,157,414AVG Ask/Sold Discount % N/A N/A 9.9% 14.1% 18.3% 8.7% 3.7% 4.6%AVG Days on Market 322 996 327 200 253 246 202 193

THE SKI REPORTSnowmass Village - Single Family

December 31, 2011

Number of Sales Average Sales Price

Andrew ErnemannBJ Adams and Company

[email protected]

www.AspenUpdate.com© 2011

0

5

10

15

20

25

30

2006 2007 2008 2009 2010 2011

Number of Sales

Ski-Accessible SFH Non-Ski Accessible SFH

$0

$500

$1,000

$1,500

$2,000

2006 2007 2008 2009 2010 2011

Average Sales Price per SQ FT


0%

5%

10%

15%

20%

2006 2007 2008 2009 2010 2011

Average Ask-Sold Discount (%)


$0

$2,000,000

$4,000,000

$6,000,000

$8,000,000

$10,000,000

2006 2007 2008 2009 2010 2011

Average Sales Price


aspen/snowmass/basalt real estate current activity …bjac.net/attachments/current activity report...

Documents