the aspen report - aspen snowmass properties · 13 current aspen general activity report 15 current...

AUGUST 2018

general activity2 monthly general market activity - YTD report

3 monthly general market activity - quarterly comparative

4 monthly general market activity - month comparative

5 monthly general market activity - YTD + pending

6 median price report

7 sales discounting report

8 inventory report

luxury activity10 current luxury property report

communities13 current aspen general activity report

15 current snowmass village general activity report

18 current basalt general activity report

property types21 single family home market distribution

28 condominium/townhome market distribution

34 single family lot market distribution

38 resort market index

39 quarterly sales, volume, and price trendlines

WHAT'S INSIDE

12 MONTHS - .3% MORE SELLERS. 4% MORE BUYERS. 2% LESS SPENT.

AUGUST 2018

YTD - .3% MORE SELLERS. 3% MORE BUYERS. 15% LESS SPENT.

WHAT'S INSIDE

general activity2 monthly general market activity - YTD report

3 monthly general market activity - quarterly comparative4 monthly general market activity - month comparative5 monthly general market activity - YTD + pending6 median price report7 sales discounting report8 inventory report

luxury activity10 current luxury property report

communities13 current aspen general activity report15 current snowmass village general activity report18 current basalt general activity report

property types21 single family home market distribution28 condominium/townhome market distribution34 single family lot market distribution38 resort market index39 quarterly sales, volume, and price trendlines

THE ASPEN REPORT©

MARKET ANALYSES | ASPEN • SNOWMASS • BASALT

ytd market activity with and without luxury properties

YTD performance (incl. 12-mo change), at 8/31## with Viceroy*

2018 YTD including Luxury Properties (over $7.5M)

without Viceroy*

YTD 12-mo YTD 12-mo from 1/1 12-mo YTD 12-mo YTD 12-mo ORIG. LIST 12-mo

391 -3% 4% $915,658,068 -16% -3% 711 22% 0% $925 -6% -1% $2,341,836 -13% -7% 8.7% 5.8% -0.1

Aspen 132 -36% -23% $564,590,811 -34% -16% 331 15% 1% $1,502 7% 12% $4,277,203 4% 10% 10.0% 7.2% -0.3

Condominiums/Townhomes 68 -35% -18% $182,662,354 -5% 18% 102 59% 12% $1,488 11% 13% $2,686,211 45% 43% 8.8% 5.8% 0.0

Single Family Homes 54 -41% -31% $336,903,457 -45% -24% 197 7% -2% $1,519 4% 11% $6,238,953 -7% 9% 9.3% 7.5% -0.3

Land 10 -9% -12% $45,025,000 -7% -36% 32 -22% -16% N/A $4,502,500 3% -27% 21.6% 15.6% -0.2

Snowmass Village 118 33% 30% $166,905,377 8% 18% 230 19% 2% $664 -1% 1% $1,414,452 -19% -9% 7.8% 5.5% -0.2

Condominiums/Townhomes 87 45% 30% $60,610,700 6% 11% 144 21% 9% $641 4% 5% $696,675 -27% -15% 6.5% 4.8% -0.1

Single Family Homes 28 12% 32% $88,594,677 5% 18% 78 22% -5% $736 -7% -9% $3,164,096 -6% -11% 11.5% 8.1% -0.2

Land 3 -25% 25% $17,700,000 32% 71% 8 -20% -27% N/A $5,900,000 76% 36% 11.9% 1.6% 0.1

Basalt 110 29% 28% $101,188,380 87% 57% 127 46% -7% $487 32% 18% $919,894 44% 23% 6.1% 3.8% 0.2

Condominiums/Townhomes 45 15% 16% $26,746,830 31% 22% 50 163% 14% $454 20% 8% $594,374 14% 5% 1.6% 1.5% 0.1

Single Family Homes 40 25% 25% $46,889,300 54% 39% 55 22% -18% $451 27% 21% $1,172,233 23% 12% 10.3% 5.2% 0.1

Land 25 79% 100% $27,552,250 735% 719% 22 -4% -12% N/A $1,102,090 368% 310% 7.6% 6.0% 2.8

8% * note how much the inclusion of luxury sales (only 8% of activity) distorts average sold prices from averages below…by 60% in Aspen

2018 YTD General Market (excluding Luxury Properties over $7.5M) 60%

YTD 12-mo YTD 12-mo YTD 12-mo YTD 12-mo YTD 12-mo ORIG. LIST 12-mo

362 -2% 4% $573,144,464 -14% -4% 524 -4% -4% $826 -7% -2% $1,583,272 -12% -8% 10.3% 5.5% -0.1

Aspen 109 -38% -26% $290,527,207 -37% -22% 198 -8% -8% $1,337 5% 10% $2,665,387 2% 6% 10.2% 7.0% 0.1

Condominiums/Townhomes 59 -43% -25% $92,369,750 -50% -25% 85 6% 6% $1,383 3% 7% $1,565,589 -13% 0% 9.1% 5.7% 0.0

Single Family Homes 42 -33% -31% $175,832,457 -29% -22% 89 -13% -13% $1,272 10% 15% $4,186,487 6% 13% 9.7% 7.1% 0.1

Land 8 -20% -7% $22,325,000 -15% -4% 24 -29% -29% N/A $2,790,625 6% 3% 21.3% 15.5% 0.1

Snowmass Village 115 34% 30% $133,605,377 4% 13% 199 2% 2% $656 2% 2% $1,161,786 -22% -13% 7.1% 5.2% -0.1

Condominiums/Townhomes 87 45% 30% $60,610,700 6% 11% 143 8% 8% $641 4% 5% $696,675 -27% -15% 6.5% 4.8% -0.1

Single Family Homes 26 13% 31% $70,044,677 5% 12% 49 -8% -8% $708 -1% -6% $2,694,026 -7% -15% 9.4% 6.8% -0.1

Land 2 -33% 33% $2,950,000 -33% 86% 7 -30% -30% N/A $1,475,000 1% 40% 4.8% 1.6% 0.3

Basalt 110 29% 28% $101,188,380 87% 57% 127 -6% -6% $487 32% 18% $919,894 44% 23% 6.1% 3.8% 0.2

Condominiums/Townhomes 45 15% 16% $26,746,830 31% 22% 50 14% 14% $454 20% 8% $594,374 14% 5% 1.6% 1.5% 0.1

Single Family Homes 40 25% 25% $46,889,300 54% 39% 55 -18% -18% $451 27% 21% $1,172,233 23% 12% 10.3% 5.2% 0.1

Land 25 79% 100% $27,552,250 735% 719% 22 -8% -8% N/A $1,102,090 368% 310% 7.6% 6.0% 2.8with Viceroy*

##

ytd market activity

Change ChangeChange

SALES $ VOLUMEChange

INVENTORY$ VOLUMESALES

Change ChangeChange DISCOUNT

TOTAL VALLEY (incl. rural)

TOTAL VALLEY (incl. rural)

For even more detail, including neighborhood-specific statistics, check our current activity report on the Resources tab on

our website aspensnowmassproperties.com .

INVENTORY

$/SF

AVG SOLD

PRICE

AVG SOLD

PRICE

DISCOUNT

Change

ChangeChange Change

$/SFChange

* *

* *

* *

* *

Copyright © 2018 2

quarterly general market activity excludes luxury properties

(excludes luxury property) due to distortion of averages

Q3 Q2 Q1

8/31/2018 (reported separately)

number soldQ3 thru Aug+Pending Q2 Q1 Q4 Q3 Q2 Q1 Q2 2018 change

187 144 112 162 158 148 95 -2.7%

Aspen 69 44 37 51 79 75 50 -41.3%C

onCondominiums/Townhomes 31 26 19 30 53 44 26 -40.9%

Si

ngSingle Family Homes 26 17 16 18 21 28 20 -39.3%

Si

ngLand 12 1 2 3 5 3 4 -66.7%

Snowmass Village 65 46 44 49 34 35 29 31.4%C

onCondominiums/Townhomes 51 32 34 31 24 22 22 45.5%

Si

ngSingle Family Homes 11 14 10 17 8 12 6 16.7%

Si

ngLand 3 0 0 1 2 1 1 -100.0%

Basalt 53 54 31 62 45 38 16 42.1%C

onCondominiums/Townhomes 22 21 15 36 19 15 12 40.0%

Si

ngSingle Family Homes 25 22 7 20 20 16 2 37.5%

Si

ngLand 6 11 9 6 6 7 2 57.1%

sales volumeQ3 thru Aug+Pending Q2 Q1 Q4 Q3 Q2 Q1 Q2 2018 change

$353,366,271 $227,659,650 $172,324,614 $254,689,919 $301,801,725 $265,721,958 $188,181,170 -14.3%

Aspen $208,253,750 $110,025,500 $101,423,957 $137,574,400 $218,061,750 $185,301,158 $137,838,950 -40.6%C

onCondominiums/Townhomes $53,642,000 $43,691,000 $24,364,750 $55,361,000 $118,525,250 $66,304,158 $45,493,950 -34.1%

Si

ngSingle Family Homes $116,012,750 $63,484,500 $72,209,207 $72,113,400 $90,101,000 $113,177,000 $79,010,000 -43.9%

Farm/Ranch Si

ngLand $38,599,000 $2,850,000 $4,850,000 $10,100,000 $9,435,500 $5,820,000 $13,335,000 -51.0%

Snowmass Village $83,443,400 $70,423,000 $38,726,877 $73,336,725 $46,600,875 $59,809,500 $41,327,892 17.7%C

onCondominiums/Townhomes $51,376,900 $29,833,500 $14,346,700 $25,412,725 $25,898,875 $18,754,500 $22,765,392 59.1%

Si

ngSingle Family Homes $27,616,500 $40,589,500 $24,380,177 $45,224,000 $16,752,000 $39,455,000 $17,237,500 2.9%

Farm/Ranch Si

ngLand $4,450,000 $0 $0 $2,700,000 $3,950,000 $1,600,000 $1,325,000 -100.0%

Basalt $61,669,121 $47,211,150 $32,173,780 $43,778,794 $37,139,100 $20,611,300 $9,014,328 129.1%C

onCondominiums/Townhomes $14,277,811 $13,558,850 $7,896,280 $18,222,875 $10,199,000 $8,019,500 $6,592,328 69.1%

Si

ngSingle Family Homes $40,467,060 $28,167,800 $8,635,000 $22,920,919 $25,120,600 $11,375,300 $1,895,000 147.6%

Farm/Ranch Si

ngLand $6,924,250 $5,484,500 $15,642,500 $2,635,000 $1,819,500 $1,216,500 $527,000 350.8%

average $/sfQ3 thru Aug Q2 Q1 Q4 Q3 Q2 Q1 Q2 2018 change

$856 $830 $809 $773 $996 $855 $917 -2.9%Aspen $1,394 $1,364 $1,266 $1,294 $1,455 $1,163 $1,264 17.3%C

onCondominiums/Townhomes $1,474 $1,407 $1,283 $1,317 $1,532 $1,234 $1,239 14.0%

Si

ngSingle Family Homes $1,269 $1,298 $1,245 $1,257 $1,260 $1,050 $1,297 23.6%

Snowmass Village $682 $676 $623 $689 $638 $678 $628 -0.4%C

onCondominiums/Townhomes $690 $639 $613 $663 $650 $619 $615 3.3%

Si

ngSingle Family Homes $598 $760 $657 $737 $603 $788 $677 -3.6%

Basalt $437 $460 $454 $399 $420 $332 $356 38.3%C

onCondominiums/Townhomes $484 $419 $485 $402 $386 $395 $351 6.3%

Si

ngSingle Family Homes $398 $498 $388 $393 $452 $274 $386 81.7%

quarterly general market activity(excludes luxury property)

what are the BUBBLES?

A CONDENSED VISUAL

QUARTERLY SYNOPSIS

SIZE = volume

HEIGHT = activity

TOTAL

TOTAL

TOTAL

2017

20172018

2018

2018 2017

NOTE: 1st Qtr 2016 represents approximately 90% of expected 1st quarter production at the time of this writing.

NOTE: 1st Qtr 2016 represents approximately 90% of expected 1st quarter production at the time of this writing.

Copyright © 2018 3

monthly general market activity excludes luxury properties

august 2018 compared with august 2017 Aug due to distortion of averagesAug 8 8 (reported separately)

august2018 2017 change 2018 2017 change

51 70 -27.1% $80,229,950 $135,025,000 -40.6%18 36 -50.0% Aspen $51,770,750 $101,214,750 -48.9%

8 24 -66.7%C

oCCondominiums/Townhomes $16,007,000 $61,004,750 -73.8%

5 11 -54.5%S

iS Single Family Homes $21,138,750 $37,710,000 -43.9%

Farm/Ranch 5 1 400.0%S

iS Land $14,625,000 $2,500,000 485.0%

17 17 0.0% Farm/Ranch $12,915,000 $20,770,250 -37.8%

16 12 33.3%S

nCCondominiums/Townhomes $11,315,000 $11,013,250 2.7%

0 4 N/AC

oS Single Family Homes $0 $8,307,000 N/A

Farm/Ranch 1 1 0.0%S

iS Land $1,600,000 $1,450,000 10.3%

16 17 -5.9% Single Family Lot $15,544,200 $13,040,000 19.2%

6 7 -14.3%F

aCCondominiums/Townhomes $3,652,700 $3,525,000 3.6%

8 6 33.3%B

aS Single Family Homes $8,091,500 $8,025,000 0.8%

Farm/Ranch 2 4 -50.0%C

oS Land $3,800,000 $1,490,000 155.0%

prices2018 2017 change 2018 2017 change

$859 $1,058 -18.8% $1,573,136 $1,928,929 -18.4%

$1,526 $1,493 2.2% $2,876,153 $2,811,521 2.3%

$1,562 $1,617 -3.4% CCondominiums/Townhomes $2,000,875 $2,541,865 -21.3%

$1,468 $1,222 20.1% S Single Family Homes $4,227,750 $3,428,182 23.3%

Land $2,925,000 $2,500,000 17.0%

$679 $619 9.8% $759,706 $1,221,779 -37.8%

$679 $618 10.0% CCondominiums/Townhomes $707,188 $917,771 -22.9%

$0 $621 N/A S Single Family Homes $0 $2,076,750 N/A

Land $1,600,000 $1,450,000 10.3%

$444 $427 3.9% $971,513 $767,059 26.7%

$503 $375 34.3% CCondominiums/Townhomes $608,783 $503,571 20.9%

$399 $488 -18.2% S Single Family Homes $1,011,438 $1,337,500 -24.4%

Land $1,900,000 $372,500 410.1%

monthly general market activityaugust 2018 compared with august 2017

number sold total sales volume

average $/sf average sold prices

Aspen

Snowmass Village

Basalt

Aspen

Snowmass Village

Basalt

TOTAL

TOTAL

20

18

20

17

Activity

20

18

20

17

Volume

20

18

20

17

Avg Pr.

20

18

20

17

Avg $/sf

Copyright © 2018 4

ytd overall market activity includes luxury properties

all YTD sales and pending sales, at 8/31/18 aug

aug

A P 8 8 7/2/1905

number sold/pending 2018 YTD 2017 YTDListed Pending 2018 Sold Sold + Pending Sold + Pending change

831 141 429 570 561 2%

692 123 391 514 507 1%

Aspen 334 55 132 187 254 -26%

Co Condominiums/Townhomes 103 23 68 91 128 -29%

Sin Single Family Homes 198 25 54 79 112 -29%

Farm/RanchSin Land 33 7 10 17 14 21%

Snowmass Village 229 40 118 158 115 37%

Co Condominiums/Townhomes 143 30 87 117 74 58%

Sin Single Family Homes 78 9 28 37 35 6%

Farm/RanchSin Land 8 1 3 4 6 -33%

Basalt 129 28 110 138 113 22%

Co Condominiums/Townhomes 50 13 45 58 57 2%

Sin Single Family Homes 55 14 40 54 41 32%

Farm/RanchSin Land 24 1 25 26 15 73%

dollar volume 2018 YTD 2017 YTDListed Pending 2018 Sold Sold + Pending Sold + Pending change

$4,341,939,328 $449,222,221 $945,101,849 $1,394,324,070 $1,524,483,382 -9%

$4,215,216,984 $441,839,471 $915,658,068 $1,357,497,539 $1,508,780,724 -10%

Aspen $2,889,267,539 $300,216,000 $564,590,811 $864,806,811 $1,148,258,829 -25%

Co Condominiums/Townhomes $444,455,540 $100,378,000 $182,662,354 $283,040,354 $308,437,358 -8%

Sin Single Family Homes $2,213,172,999 $175,864,000 $336,903,457 $512,767,457 $784,955,971 -35%

Farm/RanchSin Land $231,639,000 $23,974,000 $45,025,000 $68,999,000 $54,865,500 26%

Snowmass Village $760,266,200 $58,987,900 $166,905,377 $225,893,277 $224,724,767 1%

Co Condominiums/Townhomes $181,549,200 $34,946,400 $60,610,700 $95,557,100 $72,274,767 32%

Sin Single Family Homes $546,493,000 $22,541,500 $88,594,677 $111,136,177 $118,575,000 -6%

Farm/RanchSin Land $32,224,000 $1,500,000 $17,700,000 $19,200,000 $33,875,000 -43%

Basalt $152,836,245 $39,865,671 $101,188,380 $141,054,051 $84,065,628 68%

Co Condominiums/Townhomes $31,467,350 $8,986,111 $26,746,830 $35,732,941 $30,636,328 17%

Sin Single Family Homes $85,776,900 $30,380,560 $46,889,300 $77,269,860 $49,921,300 55%

Farm/RanchSin Land $35,591,995 $499,000 $27,552,250 $28,051,250 $3,508,000 700%

ytd overall market activityall YTD sales and pending sales, at 8/31/18

TOTAL (in Towns)

TOTAL (in Towns)

Though less illuminating or predictive in the early-year shorter time spans, this is the most current indicator of relative market activity

TOTAL (incl. Rural)

TOTAL (incl. Rural)

Copyright © 2018 5

annual changes in median sales prices excludes luxury properties

as of 8/31 of each year due to distortion of medians(reported separately)

changes in median sales prices (an equal number of sales closed below these prices as above)

2018 YTD 1 Yr Chg 2017 1 Yr Chg 2016 1 Yr Chg 2015 1 Yr Chg 2014 1 Yr Chg 2013 1 Yr Chg

Aspen $2,289,750 11.4% $2,055,900 15.2% $1,785,000 -16.4% $2,135,000 0.0% $2,135,000 29.4% $1,650,000 -10.8%

Condominiums/Townhomes $1,240,000 -13.0% $1,425,000 16.3% $1,225,000 10.7% $1,106,250 -11.0% $1,242,500 24.3% $1,000,000 5.8%

Single Family Homes $3,970,000 2.6% $3,870,000 1.2% $3,824,000 -6.7% $4,100,000 9.3% $3,750,000 17.1% $3,202,500 -11.0%

Single Family Lots $2,680,000 17.8% $2,275,000 -27.2% $3,125,000 -13.2% $3,600,000 56.5% $2,300,000 -1.1% $2,325,000 -3.1%

Snowmass Village $680,000 -31.0% $985,000 -5.6% $1,043,750 11.6% $935,000 -11% $1,044,750 58.3% $660,000 -12.6%

Condominiums/Townhomes $480,000 -27.0% $657,288 -0.4% $660,000 6.5% $620,000 5.5% $587,500 15.4% $509,106 -16.5%

Single Family Homes $2,218,839 -8.5% $2,425,000 -13.3% $2,797,500 17.0% $2,391,900 27.6% $1,874,500 -9.7% $2,075,000 2.5%

Single Family Lots $1,475,000 -7.8% $1,600,000 -17.2% $1,932,500 64.5% $1,175,000 -7.3% $1,267,500 -1.2% $1,282,500 -61.7%

Basalt $689,500 25.4% $550,000 0.0% $550,000 0.0% $550,000 10.0% $500,000 20.5% $415,000 6.4%

Condominiums/Townhomes $529,000 8.6% $487,000 6.7% $456,500 6.8% $427,500 3.0% $415,000 29.7% $320,000 25.1%

Single Family Homes $879,500 7.3% $820,000 -5.5% $867,778 11.8% $776,000 19.8% $647,500 6.3% $609,000 12.6%

Single Family Lots $950,000 269.6% $257,000 31.8% $195,000 0.8% $193,500 7.5% $180,000 2.9% $175,000 12.9%

annual changes in median sales pricesas of 8/31 of each year

Copyright © 2018 6

changes in average discounts includes luxury properties

average price discounts at 8/31/18

2018 2017 2016 2015 2014 2013

asking vs. selling price discount %

2018 YTD last 12 mo 2017 2016 2015 2014 20135.6% 5.8% 6.0% 6.4% 6.2% 7.1% 8.2%

Aspen 7.2% 7.0% 6.7% 7.1% 6.7% 7.5% 9.2%

C Condominiums/Townhomes 5.8% 5.4% 4.8% 5.7% 5.1% 6.1% 7.4%

S Single Family Homes 7.5% 7.7% 8.0% 9.1% 8.2% 7.5% 10.9%

S Land 15.6% 16.1% 14.0% 9.3% 9.0% 16.4% 12.8%

Snowmass Village 5.5% 5.9% 6.6% 7.2% 7.6% 8.4% 8.1%



S Land 1.6% 3.4% 12.7% 8.3% 4.5% 11.6% 18.1%

Basalt 3.8% 3.9% 4.1% 4.7% 4.0% 4.4% 5.8%



S Land 6.0% 6.2% 8.9% 10.9% 10.7% 7.4% 12.3%

original vs. selling price discount %

2018 YTD last 12 mo 2017 2016 2015 2014 2013

8.1% 9.1% 9.4% 9.8% 9.3% 10.6% 13.3%

Aspen 10.0% 10.1% 10.0% 10.6% 9.9% 11.1% 15.3%



S Land 21.6% 21.5% 16.8% 14.0% 17.9% 22.7% 20.7%

Snowmass Village 7.8% 9.6% 11.8% 11.5% 11.0% 13.2% 12.6%



S Land 11.9% 9.6% 12.7% 13.0% 4.5% 12.6% 31.7%

Basalt 6.1% 6.1% 6.0% 7.4% 6.5% 6.2% 9.5%



S Land 7.6% 7.8% 11.7% 17.4% 16.7% 10.1% 14.9%

changes in average discountsaverage price discounts at 8/31/18

OVERALL AVERAGE

OVERALL AVERAGE

0%

5%

10%

2013 2014 2015 2016 2017 last 12 mo

Average Asking vs. Selling Price Discount

Aspen Snowmass Village Basalt

Decreasing Sales Discounts

0%

5%

10%

15%

20%

2013 2014 2015 2016 2017 last 12 mo

Average Original vs. Selling Price Discount


Decreasing Sales Discounts

Copyright © 2018 7

changes in inventory luxury properties separatedas of 8/31 aug aug to better reflect volume

A P 8 8 2010

listing inventory

aug 2018 aug 2017 change aug 2018 aug 2017 change711 709 0.3% $4,119,404,984 $3,774,137,671 9.1%

Luxury Market 187 163 14.7% Luxury Market $2,876,941,000 $2,512,138,999 14.5%

Condominiums/Townhomes 18 11 63.6% Condominiums/Townhomes $267,832,000 $148,587,000 80.3%

Single Family Homes 154 139 10.8% Single Family Homes $2,362,684,000 $2,163,411,999 9.2%

Land 15 13 15.4% Land $246,425,000 $200,140,000 23.1%

524 546 -4.0% $1,242,463,984 $1,261,998,672 -1.5%Aspen 198 216 -8.3% Aspen $675,296,539 $734,804,994 -8.1%


Single Family Homes 89 102 -12.7% Single Family Homes $425,518,999 $463,132,994 -8.1%

Land 24 34 -29.4% Land $73,154,000 $122,825,000 -40.4%

Snowmass Village 199 195 2.1% Snowmass Village $428,281,200 $368,026,199 16.4%


Single Family Homes 49 53 -7.5% Single Family Homes $224,498,000 $189,978,500 18.2%

Land 7 10 -30.0% Land $22,234,000 $26,669,000 -16.6%

Basalt 127 135 -5.9% Basalt $138,886,245 $159,167,479 -12.7%


Single Family Homes 55 67 -17.9% Single Family Homes $85,776,900 $102,337,400 -16.2%

Land 22 24 -8.3% Land $15,691,995 $13,793,900 13.8%

pending inventory pending volumeaug 2018 aug 2017 change aug 2018 aug 2017 change

124 104 19.2% $428,969,571 $423,346,000 1.3%Luxury Market 15 18 -16.7% Luxury Market $200,940,000 $233,235,000 -13.8%

Condominiums/Townhomes 6 6 0.0% Condominiums/Townhomes $71,050,000 $74,545,000 -4.7%

Single Family Homes 9 10 -10.0% Single Family Homes $129,890,000 $127,240,000 2.1%

Land 0 2 N/A Land $0 $31,450,000 N/A

109 86 26.7% $228,029,571 $190,111,000 19.9%Aspen 41 34 20.6% Aspen $129,176,000 $118,200,000 9.3%

Condominiums/Townhomes 17 18 -5.6% Condominiums/Townhomes $29,328,000 $41,321,000 -29.0%

Single Family Homes 17 13 30.8% Single Family Homes $75,874,000 $70,234,000 8.0%

Land 7 3 133.3% Land $23,974,000 $6,645,000 260.8%

Snowmass Village 40 24 66.7% Snowmass Village $58,987,900 $42,020,500 40.4%


Single Family Homes 9 9 0.0% Single Family Homes $22,541,500 $24,075,500 -6.4%

Land 1 1 0.0% Land $1,500,000 $2,950,000 -49.2%

Basalt 28 28 0.0% Basalt $39,865,671 $29,890,500 33.4%

Condominiums/Townhomes 13 18 -27.8% Condominiums/Townhomes $8,986,111 $10,266,500 -12.5%

Single Family Homes 14 9 55.6% Single Family Homes $30,380,560 $19,414,000 56.5%

Land 1 1 0.0% Land $499,000 $210,000 137.6%

changes in inventoryas of 8/31

GENERAL PENDING GENERAL PENDING

ALL PENDING

ALL LISTINGS

ALL PENDING

GENERAL LISTINGS GENERAL LISTINGS

listing volume

ALL LISTINGS

Copyright © 2018 8

LUXURY PROPERTY MARKET ACTIVITYAugust 31, 2018

Luxury' is defined as property priced over

$7.5 million,

nearly always limited to single family

homes or ranches.

Copyright © 2018 9

current luxury property report

Inventory 187 Avg Sales Price/SF $2,067 Sales Last 12 Mo 48

$11,810,814$12,100,000

2018 1.454545455

total luxury sales inventory pending

at 08/31/2018 at 08/31/2018 last 12 mo change prev 12 mo 2018 YTD 2017 YTD 2017 2015187 15 48 2% 47 29 33 52 48

$2,876,941,000 $200,940,000 $584,934,604 -1% $589,333,971 $342,513,604 $417,948,971 $660,369,971 $611,035,833

Avg Price/SF $2,241 $2,209 $2,067 4% $1,995 $2,134 $2,085 $2,043 $1,806

Avg Sales Price est. $14,088,262 est. $12,267,137 $12,186,138 -3% $12,539,021 $11,810,814 $12,665,120 $12,699,423 $12,729,913

$7,500,000 0% $7,500,000 $7,500,000 $7,600,000 $7,600,000 $7,500,000

$29,000,000 -3% $30,000,000 $21,500,000 $30,000,000 $30,000,000 $29,500,000

Avg Asking Price $15,384,711 $13,396,000 $13,750,146 -1% $13,877,021 $13,146,207 $14,028,333 $14,263,500 $15,176,083

$7,500,000 $7,995,000 $7,950,000 2% $7,800,000 $7,950,000 $7,800,000 $7,800,000 $7,500,000

$58,500,000 $29,900,000 $44,000,000 21% $36,500,000 $25,000,000 $36,500,000 $44,000,000 $49,500,000

Avg Ask/Sold Discount 9.2% 0.10 8.4% 9.3% 8.0% 8.4% 11.6%

Avg Days on Market 363 510 472 21% 390 520 434 421 303


Luxury' is defined as property priced over $7.5 million,

nearly always limited to single family homes or ranches.

$13,298,989

$7,750,000

$12,157,364

2%from Aug 2017:

47

Average Sold Price:Median Sold Price:

4%from Aug 2017:

$1,995

2016

$24,000,000

$10,739,301

$7,975,000

$24,500,000

$1,913

15%from Aug 2017:

163

Current Avg. Asking Price: $15,384,711

Lowest Asking Price

Highest Asking Price

Highest Selling Price

263

33Number$354,396,943

closed

$2,241Current Avg. Asking Price/SF:

$7,500,000

Dollar Volume

11.2%

Lowest Selling Price

201438

$458,717,886

$1,578

$12,071,523

$7,500,000

$26,000,000

$29,900,000

9.1%

303

0

40

80

120

160

200

$0

$500

$1,000

$1,500

$2,000

$2,500

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 LAST

12 MO

Valley Luxury Sales

PRICES: Avg $/SF DEMAND: # of Sales SUPPLY: Inventory

Copyright © 2018 10


aspen inventory pending

at 08/31/2018 at 08/31/2018 last 12 mo change prev 12 mo 2018 YTD 2017 YTD 2017 2015136 14 40 -5% 42 23 30 47 42

$2,213,971,000 $171,040,000 $494,734,604 -9% $540,873,971 $274,063,604 $391,148,971 $611,819,971 $530,535,833

Avg Price/SF $2,430 $2,270 $2,198 9% $2,024 $2,296 $2,117 $2,102 $1,777

Avg Sales Price est. $14,983,914 est. $11,245,063 $12,368,365 -4% $12,877,952 $11,915,809 $13,038,299 $13,017,446 $12,631,806

$7,500,000 0% $7,500,000 $7,500,000 $7,600,000 $7,600,000 $7,500,000

$29,000,000 -3% $30,000,000 $21,500,000 $30,000,000 $30,000,000 $29,500,000

Avg Asking Price $16,279,199 $12,217,143 $13,951,425 -1% $14,127,857 $13,182,174 $14,366,167 $14,592,596 $14,563,262

$7,500,000 $7,995,000 $7,950,000 2% $7,800,000 $7,950,000 $7,800,000 $7,800,000 $7,500,000

$42,000,000 $17,500,000 $44,000,000 21% $36,500,000 $25,000,000 $36,500,000 $44,000,000 $49,500,000


Avg Days on Market 318 464 435 21% 359 472 386 385 295*26 SF Homes and 12 Townhomes, plus land

snowmass village inventory pending


$331,985,000 $0 $42,050,000 57% $26,800,000 $33,300,000 $26,800,000 $35,550,000 $39,850,000

Avg Price/SF $1,744 $0 $1,135 -30% $1,624 $1,102 $1,624 $1,483 $2,043

Avg Sales Price est. $9,477,539 N/A $10,512,500 18% $8,933,333 $11,100,000 $8,933,333 $8,887,500 $9,962,500

$8,750,000 14% $7,650,000 $9,000,000 $7,650,000 $7,650,000 $7,800,000

$14,750,000 46% $10,100,000 $14,750,000 $10,100,000 $10,100,000 $12,000,000

Avg Asking Price $11,066,167 $0 $12,400,000 16% $10,650,000 $13,216,667 $10,650,000 $10,475,000 $11,036,250

$7,750,000 $0 $9,950,000 17% $8,500,000 $11,750,000 $8,500,000 $8,500,000 $8,250,000

$29,995,000 $0 $15,000,000 20% $12,500,000 $15,000,000 $12,500,000 $12,500,000 $14,900,000


Avg Days on Market 562 0 631 -31% 916 668 916 817 246*3 SF Homes, 1 of which is ski-accessible, plus land

rural inventory pending

woody creek to missouri heights at 08/31/2018 at 08/31/2018 last 12 mo change prev 12 mo 2018 YTD 2017 YTD 2017 201521 1 4 100% 2 3 0 1 2

$330,985,000 $29,900,000 $48,150,000 122% $21,660,000 $35,150,000 $0 $13,000,000 $40,650,000

Avg Price/SF $1,724 $1,349 $1,519 -16% $1,805 $1,686 $0 $1,017 $1,913

Avg Sales Price $12,037,500 11% $10,830,000 $11,716,667 $0 $13,000,000 $20,325,000

$10,250,000 24% $8,250,000 $10,250,000 $0 $13,000,000 $17,150,000

$13,400,000 0% $13,410,000 $13,400,000 $0 $13,000,000 $23,500,000

Avg Asking Price $15,761,190 $29,900,000 $13,087,500 -3% $13,450,000 $12,800,000 $0 $13,950,000 $36,325,000

$58,500,000 $29,900,000 $11,000,000 11% $9,900,000 $11,000,000 $0 $13,950,000 $32,750,000

$7,995,000 $29,900,000 $14,900,000 -12% $17,000,000 $14,900,000 $0 $13,950,000 $39,900,000

Avg Original Price $16,393,571 $50,000,000 $18,112,500 31% $13,800,000 $19,500,000 $13,950,000 $41,125,000


Avg Days on Market 365 1165 688 168% 257 738 0 540 573*4 SF Homes



Lowest Asking Price

2014


Dollar Volume


36

$441,317,886

$1,585

$12,258,830

$7,500,000

$0

$0

$0

$0

0.0%

0

12.6%

356

20140

$0

$0

$0

$0

closed

$13,833,333

27.9%

$24,000,000

$12,359,346

$7,975,000

closed

9.0%

240

$33,745,000

$8,436,250

$1,498

4

2016

269

2

$17,400,000

$1,459

$0


Dollar Volume

Number

$9,762,500

$8,250,000

$12,900,000Highest Asking Price


201626

$291,491,943

Lowest Asking Price

$11,211,229

$7,500,000

closed

$8,600,000

$8,800,000

$9,950,000

$9,950,000

$7,500,000

Number 3

Dollar Volume $29,160,000

Number

$1,749

Lowest Asking Price $9,900,000

Highest Asking Price $17,000,000

$3,723

$9,720,000

Lowest Selling Price $7,500,000

Highest Selling Price $13,410,000

$13,600,000

2016

409

13.0%

2014

$8,700,000

$26,000,000

$13,485,044

$9,950,000

$10,595,000

$24,500,000

$7,750,000

$29,900,000

8.9%

300

*

*

*


GENERAL MARKET ACTIVITY BY COMMUNITY

August 31, 2018

ASPEN · SNOWMASS VILLAGE · BASALT


excludes luxury properties

2017 due to distortion of averages

(reported separately)

Inventory 198 Avg Sales Price/SF $1,346 Sales Last 12 Mo 188

$2,711,322$2,300,000

all general aspen property inventory pending(under $7.5M) at 08/31/2018 at 08/31/2018 last 12 mo change prev 12 mo 2018 YTD 2017 YTD 2017 2015

198 41 188 -26% 255 109 176 255 265

$675,296,539 $129,176,000 $509,728,607 -22% $653,755,858 $290,527,207 $459,574,858 $678,776,258 $703,120,355$1,547 $1,452 $1,346 10% $1,225 $1,337 $1,272 $1,298 $1,176

est. $3,173,064 est. $2,931,214 $2,711,322 6% $2,563,748 $2,665,387 $2,611,221 $2,661,868 $2,653,284

$190,000 28% $149,000 $239,000 $149,000 $149,000 $100,000

$7,400,000 0% $7,400,000 $7,400,000 $7,400,000 $7,400,000 $7,400,000

$3,410,589 $3,150,634 $2,920,257 5% $2,773,316 $2,885,223 $2,828,319 $2,871,777 $2,857,180

$226,000 $465,000 $199,500 34% $149,000 $239,000 $149,000 $149,000 $110,000

$7,495,000 $7,395,000 $9,900,000 19% $8,295,000 $9,900,000 $8,295,000 $8,295,000 $9,800,000

6.7% -0.08 6.7% 7.0% 6.5% 6.4% 6.1%

255 406 272 -3% 281 282 267 264 282

current aspen general activity report

from Aug 2017:

-26%

255


10%

$1,225

closed

-8%

$2,357,335

$100,000

Current Avg. Asking Price/SF:Average Sold Price:Median Sold Price:

from Aug 2017: from Aug 2017:

Avg Ask/Sold Discount

Avg Days on Market

Avg Sales Price

$407,818,950

Avg Asking Price

Lowest Asking Price

Dollar Volume


Avg Price/SF

216

Current Avg. Asking Price: $3,410,589 $1,547



$2,543,131

6.8%

277

$159,000

$7,650,000

Number 173

$1,210

7.3%

282

2014241

$621,131,020$1,109

$2,576,483

$107,000

$7,250,000

$2,792,291

$122,500

$7,995,000

2016

0

100

200

300

400

500

$0

$300

$600

$900

$1,200

$1,500

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 LAST12 MO

Aspen Sales

PRICES: Avg $/SF 4% Growth SUPPLY: Inventory DEMAND: # of Sales



2017 due to distortion of averagescurrent aspen general activity report

condominiums/townhomes inventory pending

at 08/31/2018 at 08/31/2018 last 12 mo ytd chg prev 12 mo 2018 YTD 2017 YTD 2017 201585 17 109 -25% 146 59 103 153 151

$176,623,540 $29,328,000 $193,182,750 -25% $258,089,358 $92,369,750 $184,871,358 $285,684,358 $234,876,915$1,644 $1,653 $1,383 7% $1,293 $1,383 $1,340 $1,354 $1,170

Avg Sales Price est. $1,959,711 est. $1,627,031 $1,772,319 0% $1,767,735 $1,565,589 $1,794,868 $1,867,218 $1,555,476

$190,000 28% $149,000 $239,000 $149,000 $149,000 $100,000

$6,500,000 -12% $7,400,000 $5,550,000 $7,400,000 $7,400,000 $7,250,000

$2,077,924 $1,725,176 $1,878,443 -1% $1,897,138 $1,670,343 $1,929,580 $1,993,116 $1,642,009

$226,000 $465,000 $199,500 34% $149,000 $239,000 $149,000 $149,000 $110,000

$7,295,000 $3,150,000 $6,500,000 -19% $8,000,000 $5,995,000 $8,000,000 $8,000,000 $7,495,000

5.2% 0.00 5.2% 5.7% 4.8% 4.8% 5.0%

210 470 195 -26% 263 197 243 226 256*excluding 12 luxury townhomes

single family homes inventory pending(excluding luxury) at 08/31/2018 at 08/31/2018 last 12 mo ytd chg prev 12 mo 2018 YTD 2017 YTD 2017 2015

89 17 66 -31% 95 42 63 87 91

$425,518,999 $75,874,000 $281,750,857 -22% $359,321,000 $175,832,457 $248,483,000 $354,401,400 $388,510,940

$1,454 $1,251 $1,285 15% $1,120 $1,272 $1,159 $1,200 $1,186

est. $4,440,446 est. $4,145,164 $4,268,952 13% $3,782,326 $4,186,487 $3,944,175 $4,073,579 $4,269,351

$1,095,000 14% $960,000 $1,095,000 $1,100,000 $1,100,000 $750,000

$7,400,000 1% $7,300,000 $7,400,000 $7,300,000 $7,300,000 $7,400,000

$4,781,112 $4,463,176 $4,603,227 12% $4,100,837 $4,529,500 $4,279,659 $4,404,511 $4,634,181

$270,000 $1,275,000 $1,095,000 0% $1,095,000 $1,095,000 $1,295,000 $1,295,000 $849,000

$7,495,000 $7,395,000 $9,900,000 19% $8,295,000 $9,900,000 $8,295,000 $8,295,000 $9,800,000

7.1% -0.99 8.1% 7.1% 8.1% 7.8% 7.1%

284 369 335 21% 276 297 272 308 259*excluding 26 luxury homes

single family lots inventory pending

at 08/31/2018 at 08/31/2018 last 12 mo ytd chg prev 12 mo 2018 YTD 2017 YTD 2017 201524 7 13 -7% 14 8 10 15 23

$73,154,000 $23,974,000 $34,795,000 -4% $36,345,500 $22,325,000 $26,220,500 $38,690,500 $79,732,500N/A

est. $2,574,873 est. $2,893,153 $2,676,538 3% $2,596,107 $2,790,625 $2,622,050 $2,579,367 $3,466,630

$370,000 42% $260,000 $1,537,500 $260,000 $260,000 $500,000

$4,950,000 -21% $6,250,000 $4,950,000 $6,250,000 $6,250,000 $6,400,000

$3,048,083 $3,424,857 $3,111,154 7% $2,902,429 $3,212,500 $2,941,900 $2,944,267 $3,804,304

$555,000 $495,000 $800,000 103% $395,000 $2,350,000 $395,000 $395,000 $595,000

$7,395,000 $6,900,000 $4,950,000 -24% $6,500,000 $4,950,000 $6,500,000 $6,500,000 $7,800,000

16.1% 3.20 12.9% 15.5% 13.9% 15.0% 9.1%

304 343 597 20% 499 839 486 394 549


$6,425,000

$1,831,630

$122,500

$6,500,000

6.0%

Avg Price/SF


Lowest Asking Price


Avg Asking Price

47

$1,134

2016

Dollar Volume

261 254

90

$343,899,104

closed


Avg Asking Price

$7,400,000

9.0%

272

closed

Lowest Asking Price



Avg Days on Market

$4,069,323

$799,000

5.7%

114

Avg Price/SF


Number

Avg Sales Price


$3,126,458

Dollar Volume$1,242

$1,719,572

$100,000

$7,300,000

$1,820,118

$159,000

$7,650,000

12


Avg Days on Market


$3,707,877

$740,000

$7,200,000

Avg Sales Price



Avg Asking Price

Lowest Asking Price


$3,434,167

$1,425,000

$6,200,000

$7,350,000

$299,000

$7,500,000

16.4%Avg Ask/Sold Discount

Avg Days on Market 439

9.1%

$3,821,101

$549,400

$7,250,000

$4,131,443

$549,900

$7,995,000

7.1%

302

2016 201421

$53,464,590

130

$223,767,326$1,161

$1,721,287

$107,000

closed

$196,031,250

2016 2014

Number

2014Number

365

$2,545,933

$250,000

$7,000,000

$3,007,524

$174,270,200

$1,036

*

*


excludes luxury properties except where noted

due to distortion of averageswith Viceroy without Viceroy 2017 (reported separately)

Inventory 187 Avg Sales Price/SF $667 Sales Last 12 Mo 176

Average Sold Price: $1,285,376Median Sold Price: $770,000

all snowmass vlg property inventory pending

(under $7.5M) at 08/31/2018 at 08/31/2018 last 12 mo change prev 12 mo 2018 YTD 2017 YTD 2017 2015187 33 176 30% 135 115 86 147 115

$381,086,200 $42,532,900 $226,226,102 13% $199,709,967 $133,605,377 $128,454,267 $221,074,992 $181,159,247$894 $804 $667 2% $655 $656 $645 $663 $671

est. $2,040,229 est. $1,397,996 $1,285,376 -13% $1,479,333 $1,161,786 $1,493,654 $1,503,912 $1,504,627

$57,500 -6% $61,114 $57,500 $61,114 $61,114 $76,500

$6,895,000 0% $6,900,000 $5,950,000 $6,900,000 $6,900,000 $7,297,500

$2,152,167 $1,474,698 $1,382,062 -13% $1,596,141 $1,247,917 $1,618,215 $1,625,163 $1,638,196

$74,500 $260,000 $68,500 16% $59,000 $68,500 $59,000 $59,000 $89,000

$7,495,000 $3,700,000 $6,995,000 -7% $7,500,000 $6,500,000 $7,500,000 $7,500,000 $8,500,000

5.6% -0.80 6.4% 5.2% 6.3% 6.3% 7.6%

321 304 272 -23% 355 218 373 373 323

CURRENT SKI

ACCESS $/SF

PREMIUM$142

current snowmass village general activity report


$75,000

closed

2014142

$173,683,718$625

$1,301,118

$64,000

$7,250,000

$1,436,518

2016126

$204,761,675$685

-4%from Aug 2017:

195

2%from Aug 2017:

$655

Average Asking Price: $2,152,167 $894Current Avg. Asking Price/SF:

Avg Ask/Sold Discount 7.0%


Avg Asking Price

Lowest Asking Price


Avg Days on Market

Number

Avg Price/SF

Dollar Volume

8.3%

308

30%from Aug 2017:

$8,250,000

135

354

Avg Sales Price $1,625,093

$78,000

$6,750,000

$1,759,512

$79,500


0

60

120

180

240

300

$0

$300

$600

$900

$1,200

$1,500

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 LAST12 MO

Snowmass Village Sales

PRICES: Avg $/SF 4% Growth DEMAND: # of Sales SUPPLY: Inventory



due to distortion of averagescurrent snowmass village general activity report

single family homes inventory pendinggeneral non ski-accessible at 08/31/2018 at 08/31/2018 last 12 mo change prev 12 mo 2018 YTD 2017 YTD 2017 2015

27 7 37 54% 24 23 16 30 24

$91,539,000 $16,441,500 $88,136,177 55% $56,964,500 $58,574,677 $35,074,500 $64,636,000 $57,129,900$874 $804 $686 3% $668 $697 $636 $650 $648

est. $3,220,478 est. $2,231,112 $2,382,059 0% $2,373,521 $2,546,725 $2,192,156 $2,154,533 $2,380,413$844,500 -23% $1,095,000 $950,000 $1,095,000 $844,500 $795,000

$5,950,000 15% $5,185,000 $5,950,000 $4,845,000 $4,845,000 $6,375,000

$3,390,333 $2,348,786 $2,530,703 -2% $2,591,583 $2,696,500 $2,391,813 $2,329,517 $2,594,917$1,229,000 $1,050,000 $847,500 -23% $1,095,000 $1,025,000 $1,095,000 $847,500 $795,000$7,450,000 $3,700,000 $6,500,000 8% $5,995,000 $6,500,000 $5,295,000 $5,295,000 $6,950,000

5.7% -2.18 7.9% 5.0% 7.8% 7.3% 8.3%338 178 282 5% 269 282 228 253 270

general ski-accessible at 08/31/2018 at 08/31/2018 last 12 mo change prev 12 mo 2018 YTD 2017 YTD 2017 201522 2 9 -18% 11 3 7 13 11

$132,959,000 $6,100,000 $33,777,500 -35% $51,700,000 $11,470,000 $31,725,000 $54,032,500 $52,681,500$1,257 $981 $828 -14% $966 $790 $897 $874 $990

est. $4,796,310 est. $2,420,539 $3,753,056 -20% $4,700,000 $3,823,333 $4,532,143 $4,156,346 $4,789,227$1,575,000 -49% $3,100,000 $1,575,000 $3,200,000 $1,850,000 $2,089,000$6,895,000 0% $6,900,000 $5,495,000 $6,900,000 $6,900,000 $7,297,500

$6,043,591 $3,050,000 $4,245,556 -16% $5,057,727 $4,563,333 $5,000,000 $4,578,462 $5,382,273$3,315,000 $2,950,000 $1,945,000 -39% $3,185,000 $3,400,000 $3,495,000 $1,945,000 $2,295,000$7,495,000 $3,150,000 $6,995,000 -7% $7,500,000 $5,495,000 $7,500,000 $7,500,000 $8,500,000

13.0% 5.91 7.1% 20.6% 9.3% 9.3% 10.1%225 271 239 -52% 498 205 621 452 343

luxury ski-accessible (over $7.5M) at 08/31/2018 at 08/31/2018 last 12 mo change prev 12 mo 2018 YTD 2017 YTD 2017 201524 0 1 -50% 2 1 2 2 3

$234,100,000 $0 $9,550,000 -46% $17,750,000 $9,550,000 $17,750,000 $17,750,000 $28,150,000$1,647 $0 $1,516 -7% $1,624 $1,516 $1,624 $1,624 $1,734

est. $7,927,855 N/A $9,550,000 8% $8,875,000 $9,550,000 $8,875,000 $8,875,000 $9,383,333$9,550,000 25% $7,650,000 $9,550,000 $7,650,000 $7,650,000 $7,800,000$9,550,000 -5% $10,100,000 $9,550,000 $10,100,000 $10,100,000 $12,000,000

$9,754,167 $0 $11,750,000 21% $9,725,000 $11,750,000 $9,725,000 $9,725,000 $9,748,333$7,750,000 $0 $11,750,000 38% $8,500,000 $11,750,000 $8,500,000 $8,500,000 $8,250,000

$24,950,000 $0 $11,750,000 7% $10,950,000 $11,750,000 $10,950,000 $10,950,000 $12,000,000

18.7% 9.84 8.9% 18.7% 8.9% 8.9% 4.2%487 0 511 63% 313 511 313 313 229

all ski-accessible at 08/31/2018 at 08/31/2018 last 12 mo ytd chg prev 12 mo 2018 YTD 2017 YTD 2017 201546 2 10 -23% 13 4 9 15 14

$367,059,000 $6,100,000 $43,327,500 -38% $69,450,000 $21,020,000 $49,475,000 $71,782,500 $80,831,500$1,460 $981 $897 -16% $1,067 $972 $1,059 $974 $1,150

est. $6,370,915 est. $2,435,138 $4,332,750 -19% $5,342,308 $5,255,000 $5,497,222 $4,785,500 $5,773,679$1,575,000 -49% $3,100,000 $1,575,000 $3,200,000 $1,850,000 $2,089,000$9,550,000 -5% $10,100,000 $9,550,000 $10,100,000 $10,100,000 $12,000,000

$7,979,543 $3,050,000 $4,996,000 -14% $5,775,769 $6,360,000 $6,050,000 $5,264,667 $6,317,857$3,315,000 $2,950,000 $1,945,000 -39% $3,185,000 $3,400,000 $3,495,000 $1,945,000 $2,295,000

$24,950,000 $3,150,000 $11,750,000 7% $10,950,000 $11,750,000 $10,950,000 $10,950,000 $12,000,000

13.6% 6.20 7.4% 20.2% 9.2% 9.2% 8.8%362 271 266 -43% 470 282 553 434 318


19

$102,096,500

201622

2014

$33,745,000

$68,351,500

431Avg Ask/Sold Discount 6.5%

Avg Days on Market

$6,750,000

$2,895,000

$5,185,000

2014

$2,797,500

Dollar Volume

201410

$46,910,000



Dollar Volume

$5,995,000

$2,621,773Avg Asking Price

7.8%200


15

Dollar Volume



Avg Asking Price $5,918,579



2016

$52,656,500Avg Price/SF $672


$1,262,500Lowest Selling PriceAvg Sales Price $2,393,477


Avg Days on Market

2016


4

Dollar VolumeAvg Price/SF $1,498


$12,900,000


Lowest Asking Price


$957$4,691,000

$6,998,000


2016

Avg Price/SF $1,107




$1,459

$1,869,346$785,000

$4,500,000

$2,058,765$849,900

$4,995,000

9.0%228




Lowest Asking Price

8

$29,510,000$832

$3,688,750Avg Price/SF $1,002


Lowest Selling PriceHighest Selling Price

$8,800,000

$9,950,000$9,950,000

201426

$48,603,000$564

closed

$1,899,000

$4,028,750$1,995,000

2

$17,400,000

$8,700,000$8,600,000

$8,250,000

$1,899,000

$7,250,000

$8,800,000

$5,213,000$1,995,000$9,950,000

8.8%231

$9,950,000

12.6%356

264

$8,250,000

Number

Number

Number

Number



due to distortion of averagescurrent snowmass village general activity report

condominiums/townhomes inventory pendinggeneral non ski-accessible at 08/31/2018 at 08/31/2018 last 12 mo change prev 12 mo 2018 YTD 2017 YTD 2017 2015

29 11 39 34% 29 27 16 28 24

$40,606,900 $9,638,000 $27,741,575 5% $26,387,000 $20,797,500 $17,329,500 $24,273,575 $20,154,900$810 $616 $564 -6% $599 $590 $646 $586 $567

est. $1,336,912 est. $836,557 $711,322 -22% $909,897 $770,278 $1,083,094 $866,913 $839,788$360,000 -9% $397,000 $360,000 $397,000 $397,000 $375,000

$1,830,000 -44% $3,250,000 $1,830,000 $3,250,000 $3,250,000 $3,100,000

$1,400,238 $876,182 $758,949 -21% $966,431 $815,259 $1,148,906 $927,482 $881,158$475,000 $399,000 $376,500 -15% $445,000 $376,500 $445,000 $445,000 $415,000

$3,575,000 $1,899,000 $2,089,000 -40% $3,495,000 $2,089,000 $3,495,000 $3,495,000 $3,300,000

5.3% -0.16 5.5% 4.5% 5.2% 6.1% 4.9%155 302 268 -9% 293 186 313 372 296

general ski-accessible with Viceroy at 08/31/2018 at 08/31/2018 last 12 mo change prev 12 mo 2018 YTD 2017 YTD 2017 2015107 12 87 28% 68 60 44 71 50

$113,287,300 $8,853,400 $68,420,850 13% $60,283,467 $39,813,200 $39,950,267 $68,557,917 $43,972,947$797 $704 $689 10% $624 $664 $608 $660 $664

est. $1,006,588 est. $701,428 $786,447 -11% $886,522 $663,553 $907,961 $965,604 $879,459$57,500 -6% $61,114 $57,500 $61,114 $61,114 $76,500

$4,425,000 23% $3,590,000 $4,425,000 $3,590,000 $3,590,000 $3,500,000

$1,058,760 $737,783 $841,987 -11% $950,287 $713,232 $966,250 $1,027,803 $892,846$74,500 $260,000 $68,500 16% $59,000 $68,500 $59,000 $59,000 $89,000

$3,850,000 $2,099,000 $4,500,000 25% $3,590,000 $4,500,000 $3,590,000 $3,725,000 $3,795,000

5.0% -0.91 6.0% 4.9% 5.2% 5.3% 8.1%322 340 273 -29% 386 201 404 416 349

single family lots inventory pendinggeneral non ski-accessible at 08/31/2018 at 08/31/2018 last 12 mo change prev 12 mo 2018 YTD 2017 YTD 2017 2015

2 1 2 0% 2 2 2 2 5

$2,694,000 $1,500,000 $2,950,000 6% $2,775,000 $2,950,000 $2,775,000 $2,775,000 $5,720,000est. $1,325,274 est. $1,475,806 $1,475,000 6% $1,387,500 $1,475,000 $1,387,500 $1,387,500 $1,144,000

$1,350,000 2% $1,325,000 $1,350,000 $1,325,000 $1,325,000 $950,000

$1,600,000 10% $1,450,000 $1,600,000 $1,450,000 $1,450,000 $1,450,000

$1,347,000 $1,500,000 $1,497,500 -2% $1,525,000 $1,497,500 $1,525,000 $1,525,000 $1,195,000$1,345,000 $1,500,000 $1,395,000 -7% $1,500,000 $1,395,000 $1,500,000 $1,500,000 $950,000

$1,349,000 $1,500,000 $1,600,000 3% $1,550,000 $1,600,000 $1,550,000 $1,550,000 $1,450,000

1.6% -7.45 9.1% 1.6% 9.1% 9.1% 4.3%346 1352 462 29% 358 462 358 358 156

general ski-accessible at 08/31/2018 at 08/31/2018 last 12 mo change prev 12 mo 2018 YTD 2017 YTD 2017 20150 0 2 100% 1 0 1 3 1

$0 $0 $5,200,000 225% $1,600,000 $0 $1,600,000 $6,800,000 $1,500,000est. $ N/A $2,600,000 63% $1,600,000 $0 $1,600,000 $2,266,667 $1,500,000

$2,500,000 56% $1,600,000 $0 $1,600,000 $1,600,000 $1,500,000

$2,700,000 69% $1,600,000 $0 $1,600,000 $2,700,000 $1,500,000

$0 $0 $2,775,000 42% $1,950,000 $0 $1,950,000 $2,500,000 $1,595,000$0 $0 $2,600,000 33% $1,950,000 $0 $1,950,000 $1,950,000 $1,595,000

$0 $0 $2,950,000 51% $1,950,000 $0 $1,950,000 $2,950,000 $1,595,000

6.2% -11.79 17.9% 0.0% 17.9% 10.1% 6.0%0 0 86 -85% 569 0 569 247 265


$1,200,000

2016

$6,100,000

closed

2016

$2,102,500

2

201635

$580

$1,895,000

28

$339,500

$927,696

5.3%

$3,595,000

Avg Asking Price

Avg Sales Price

$362,500

$872,757

$929,671Lowest Asking Price

Avg Days on Market

$1,150,000


Avg Asking PriceLowest Asking Price




Dollar Volume


$900,094Lowest Selling Price

Avg Sales Price


$30,546,500Avg Price/SF


closed

10.5%


$45,004,675Avg Price/SF $668

50


Dollar Volume


2Number

104

Avg Sales Price

Dollar Volume

$1,065,000

$78,000

$1,077,167$695,000

$1,051,250$1,037,500

$1,175,000

Dollar Volume

Avg Days on Market 385Avg Ask/Sold Discount 7.6%

$2,800,000



16.7%820

281

20146

$1,725,000

$1,225,250

Lowest Asking Price $79,500







9.0%

$17,175,000$2,862,500

$1,400,000

$4,000,000

$3,457,500$1,750,000

6.0%286

201462

$52,909,968

$75,000

$3,995,000

$5,250,000

321

201412

$12,926,000

$385,000

$23,634,750$549

$844,098$360,000

$1,795,000

$902,232

$657$853,387

$749,000

$2,495,000

2014

$64,000

$3,750,000

8.2%

Number

Number

2016Number

Avg Asking Price $984,580




due to distortion of averages2017 (reported separately)

Inventory 127 Avg Sales Price/SF $431 Sales Last 12 Mo 185

$838,956$662,500

all basalt property listed pending(under $7.5M) at 08/31/2018 at 08/31/2018 last 12 mo change prev 12 mo 2018 YTD 2017 YTD 2017 2015

127 28 185 28% 145 109 85 161 147

$138,886,245 $39,865,671 $155,206,774 55% $100,193,424 $101,188,380 $54,175,128 $110,543,522 $98,513,792

$456 $608 $431 13% $381 $453 $368 $386 $321

est. $1,006,511 est. $1,369,051 $838,956 21% $690,989 $906,774 $637,354 $686,606 $670,162

$59,000 7% $55,000 $59,000 $55,000 $55,000 $168,000

$3,575,000 -11% $4,000,000 $3,575,000 $4,000,000 $4,000,000 $3,950,000

$1,046,742 $1,423,774 $875,299 20% $730,692 $941,051 $669,220 $721,984 $715,699

$69,000 $385,000 $79,000 36% $58,000 $79,000 $58,000 $58,000 $173,000

$6,500,000 $5,279,400 $3,600,000 -20% $4,495,000 $3,600,000 $4,495,000 $4,495,000 $5,395,000

3.9% -0.50 4.4% 3.8% 4.3% 4.1% 4.0%

222 225 230 3% 224 234 208 216 218

current basalt general activity report

$706,748


2014113

$78,822,805

$304

$614,330

$56,000

$651,140

Lowest Selling Price $39,000




28%from Aug 2017:

145

Average Sold Price:Median Sold Price:


closed

$3,640,000

-6%from Aug 2017:

135

13%from Aug 2017:

$381

2016148


Avg Price/SF $367

Avg Sales Price

Number


$58,000

$3,495,000

4.4%

206Avg Days on Market 235

Current Avg. Asking Price: $1,046,742 $456Current Avg. Asking Price/SF:

$2,800,000

0

75

150

225

300

$0

$150

$300

$450

$600

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 LAST12 MO

Basalt Sales

PRICES: Avg $/SF 4% Growth DEMAND: # of Sales SUPPLY: Inventory



due to distortion of averagescurrent basalt general activity report

condominiums/townhomes listed pending


$31,467,350 $8,986,111 $49,410,705 22% $40,530,069 $26,746,830 $20,369,828 $43,033,703 $38,827,112

$420 $494 $427 8% $397 $454 $379 $389 $314

est. $620,203 est. $681,196 $561,485 5% $533,290 $594,374 $522,303 $524,801 $456,790

$271,000 26% $215,000 $314,000 $242,000 $242,000 $186,001

$1,450,000 -8% $1,580,938 $1,245,000 $1,100,000 $1,450,000 $888,266

$629,347 $691,239 $572,357 5% $544,275 $602,582 $535,530 $538,254 $467,649

$349,000 $385,000 $279,000 30% $215,000 $314,000 $242,000 $242,000 $175,000

$1,499,000 $2,022,111 $1,525,000 -10% $1,699,000 $1,245,000 $1,295,000 $1,525,000 $876,600

1.9% -0.03 1.9% 1.5% 2.1% 2.2% 2.6%

153 241 180 0% 180 177 146 165 192

single family homes listed pending


$85,776,900 $30,380,560 $77,693,819 39% $55,945,355 $46,889,300 $30,507,300 $61,311,819 $56,751,680

$489 $715 $435 21% $359 $451 $355 $380 $331

est. $1,478,087 est. $2,056,648 $1,177,179 12% $1,055,573 $1,172,233 $953,353 $1,057,100 $1,013,423

$350,000 96% $179,000 $350,000 $179,000 $179,000 $320,000

$3,575,000 -11% $4,000,000 $3,575,000 $4,000,000 $4,000,000 $3,950,000

$1,559,580 $2,170,040 $1,252,802 10% $1,141,462 $1,241,848 $1,012,656 $1,127,862 $1,105,348

$569,000 $720,000 $380,000 112% $179,000 $385,000 $179,000 $179,000 $334,000

$6,500,000 $5,279,400 $3,600,000 -20% $4,495,000 $3,600,000 $4,495,000 $4,495,000 $5,395,000

5.6% -0.56 6.1% 5.2% 4.3% 5.1% 5.5%

202 213 255 9% 234 243 210 238 224

single family lots listed pendingat 08/31/2018 at 08/31/2018 last 12 mo change prev 12 mo 2018 YTD 2017 YTD 2017 2015

23 1 31 94% 16 25 14 21 6

$21,641,995 $499,000 $28,102,250 656% $3,718,000 $27,552,250 $3,298,000 $6,198,000 $2,935,000

est. $886,552 est. $470,149 $906,524 290% $232,375 $1,102,090 $235,571 $295,143 $489,167

$59,000 7% $55,000 $59,000 $55,000 $55,000 $168,000

$2,100,000 133% $900,000 $2,350,000 $900,000 $900,000 $1,925,000

$940,956 $499,000 $931,548 265% $255,500 $1,125,380 $256,643 $318,405 $593,000

$69,000 $499,000 $79,000 36% $58,000 $79,000 $58,000 $58,000 $173,000

$5,950,000 $499,000 $2,100,000 133% $900,000 $2,350,000 $900,000 $900,000 $2,450,000

6.2% -4.50 10.7% 5.8% 10.0% 8.9% 10.7%

503 172 321 -21% 404 327 377 353 523


Avg Asking Price


$1,800,000

$553,890

2.5%

149

201450

$25,153,615

$304

$457,338

$187,000

$1,750,000

$467,983

$184,900

Number

201455



AVG Price per SQ FT


$371

$541,306Avg Sales Price

$1,750,000

201686




AVG Price per SQ FT $359

$1,800,000

2.6%

206






Avg Days on Market

201651Number

2016

$2,092,000

11



Dollar Volume



Highest Asking Price $349,000


Highest Selling Price $344,000



Avg Sales Price $190,182


Number

$39,000

closed

closed

closed

$42,676,900

$304

$853,538

$360,000

$2,800,000

$922,546

$394,500

$3,495,000

5.9%

239

201412

$10,992,290

354

$916,024

$56,000

$5,900,000

$1,044,708

$58,000

$6,750,000

8.8%


SINGLE FAMILY HOME MARKET DISTRIBUTIONAugust 31, 2018


single family home current market activity includes luxury properties

distribution of listings/sales (& % concentration)2018

active pending 2016 2015 2014 2013

ALL HOMES 380 56 139 concentration 257 concentration 180 239 224 171Aspen 197 25 54 39% 129 50% 68 127 122 90East Aspen 27 2 6 11% 23 18% 10 21 14 16Smuggler 7 3 6 11% 4 3% 6 4 5 2Central Core 13 3 5 9% 12 9% 6 12 15 5Red Mountain 25 3 2 4% 14 11% 8 18 15 14West End 31 3 14 26% 26 20% 17 29 22 15West Aspen 77 7 14 26% 32 25% 15 36 34 28McLain Flats 13 1 5 9% 12 9% 2 5 7 6Brush Creek Village 4 3 2 4% 6 5% 4 2 10 4

Snowmass Village 78 9 28 20% 46 18% 41 39 36 28Ski Accessible 46 2 4 14% 15 33% 19 14 10 8Non Ski Accessible 32 7 24 86% 31 67% 22 25 26 20

Basalt 55 14 40 29% 58 23% 51 56 50 39Basalt Proper 31 10 28 70% 46 79% 37 37 28 25El Jebel 2 1 0 0% 1 2% 1 2 3 5Frying Pan/Reudi 8 1 6 15% 5 9% 6 8 15 5Emma/Sopris Creek 14 2 6 15% 6 10% 7 9 4 4

active pending 2016 2015 2014 2013Aspen 198 25 54 concentration 129 concentration 68 127 123 90under $2.5M 6 3 7 13% 17 13% 10 12 24 20$2.5M-$5M 45 7 21 39% 43 33% 27 48 40 35$5M-$7.5M 38 7 14 26% 27 21% 10 31 26 19$7.5M-$10M 33 2 3 6% 16 12% 11 12 13 4$10M-$12.5M 17 2 2 4% 12 9% 7 11 10 5$12.5M-$15M 17 3 4 7% 3 2% 1 2 4 2over $15M 42 1 3 6% 11 9% 2 11 6 5

Snowmass Village 78 9 28 46 41 39 36 28under $2M 8 2 10 36% 16 35% 8 11 20 12$2M-$3M 7 5 8 29% 13 28% 12 11 7 9$3M-$4M 4 2 3 11% 5 11% 7 2 2 3$4M-$5M 8 0 3 11% 6 13% 4 3 3 1$5M-$6M 8 0 2 7% 1 2% 3 5 1 0$6M-$7M 8 0 0 0% 2 4% 3 1 0 0over $7M 35 0 2 7% 3 7% 4 6 3 3Basalt 55 14 40 58 51 56 50 39

under $0.5M 0 0 1 3% 4 7% 6 5 10 13$0.5M-$0.75M 4 1 11 28% 19 33% 13 20 23 13$0.75M-$1M 17 5 13 33% 18 31% 13 13 6 5$1M-$1.25M 6 1 4 10% 6 10% 4 6 1 4$1.25M-$1.5M 7 1 3 8% 2 3% 5 4 3 0$1.5M-$1.75M 5 0 1 3% 2 3% 3 2 2 0over $1.75M 16 6 7 18% 7 12% 7 6 5 4

single family home current market activity distribution of listings/sales (& % concentration)

closedlisted

single family homes by average price range (& % concentration)

2018 YTD

2018 YTD 2017

2017


single family home current market activity includes luxury properties


active pending 2016 2015 2014 2013Aspen 195 25 54 concentration 129 concentration 68 127 123 90

under $750 8 3 5 9% 18 14% 9 9 19 16

$750-$1000 19 2 14 26% 18 14% 14 31 32 29

$1000-$1250 35 1 7 13% 25 19% 15 26 32 14

$1250-$1500 24 8 7 13% 12 9% 9 21 14 15

$1500-$1750 28 4 6 11% 16 12% 8 16 10 7

$1750-$2000 17 4 5 9% 10 8% 5 7 6 3

over $2000 64 3 10 19% 30 23% 8 17 10 6

Snowmass Village 78 9 28 46 41 39 36 28

under $500 0 1 3 11% 4 9% 1 8 10 9

$500-$750 11 4 13 46% 24 52% 15 14 17 11

$750-$1000 10 3 8 29% 12 26% 13 6 5 5

$1000-$1250 16 1 3 11% 2 4% 8 4 1 0

$1250-$1500 15 0 0 0% 3 7% 2 5 2 2

$1500-$1750 16 0 1 4% 0 0% 0 0 1 1

over $1750 10 0 0 0% 1 2% 2 2 0 0

Basalt 55 14 40 58 51 56 50 39

under $200 0 1 0 0% 2 3% 4 3 10 10

$200-$300 12 1 11 28% 25 43% 22 23 20 20

$300-$400 11 5 16 40% 15 26% 14 20 11 3

$400-$500 9 1 3 8% 11 19% 6 5 5 1

$500-$600 8 0 4 10% 0 0% 2 3 1 0

$600-$700 9 0 3 8% 1 2% 1 0 1 3

over $700 6 6 3 8% 4 7% 2 2 2 2

single family home current market activitydistribution of listings/sales (& % concentration)

2018 YTD

single family homes by average price per square foot (& % concentration)

listed closed

2017

under $75013%

$750-$100018%

$1000-$125017%$1250-$1500

10%

$1500-$175012%

$1750-$20008%

over $200022%

Aspenlast yr + this YTD

$750-$100069%

$1000-$125017%

$1250-$150010%

$1500-$17504%

Snowmasslast yr + this YTD

under $2002%

$200-$30037%

$300-$40032%

$400-$50011%

$500-$6004%

$600-$7004%

over $7007%

Basaltlast yr + this YTD


single family home comparative activity excludes luxury properties

by area, as of 08/31 due to distortion of averages2018 (reported separately)

EAST ASPEN active pending 2018 YTD change 2017 YTD last 12 mo prev 12 mo change 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 14 2 5 -62% 13 13 18 -28% 21 7 18 11 16 11 18

AVG Price per SQ FT $1,380 $1,639 $1,070 -18% $1,299 $1,418 $1,179 20% $1,427 $921 $1,065 $1,032 $919 $1,022 $995

AVG Sold Price $3,517,500 -11% $3,946,500 $4,181,923 $3,619,694 16% $4,194,381 $3,210,714 $4,074,897 $3,607,455 $3,216,790 $3,469,727 $4,079,000

AVG Asking Price $4,386,857 $4,850,000 $3,751,000 -11% $4,212,269 $4,434,538 $3,913,250 13% $4,459,690 $3,607,714 $4,357,778 $3,797,273 $3,579,938 $4,148,182 $4,501,661

AVG Ask/Sold Discount % 6.7% 0.1 6.6% 6.8% 7.9% -1.1 6.7% 11.0% 7.2% 4.2% 10.1% 15.5% 9.3%

AVG Days on Market 248 1138 344 38% 249 240 240 0% 221 233 289 247 303 240 287

SMUGGLER active pending 2018 YTD change 2017 YTD last 12 mo prev 12 mo change 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 4 3 4 0% 4 4 8 -50% 6 6 4 1 2 6 3

AVG Price per SQ FT $1,337 $1,414 $1,192 4% $1,151 $1,192 $1,118 7% $1,151 $1,091 $961 $852 $811 $703 $878

AVG Sold Price $4,073,750 -11% $4,566,250 $4,073,750 $4,318,750 -6% $4,566,250 $3,437,200 $4,612,500 $4,387,500 $3,505,000 $3,057,500 $4,257,667

AVG Asking Price $5,613,750 $5,365,000 $4,246,250 -16% $5,057,500 $4,246,250 $4,780,625 -11% $5,057,500 $3,735,367 $4,874,750 $4,650,000 $3,620,000 $3,560,667 $4,498,333

AVG Ask/Sold Discount % 3.5% -5.7 9.2% 3.5% 9.4% -5.9 9.2% 7.6% 6.5% 5.6% 3.0% 13.0% 5.0%

AVG Days on Market 250 89 243 -7% 262 243 245 -1% 262 212 273 170 47 687 373

CENTRAL CORE (includes luxury) active pending 2018 YTD change 2017 YTD last 12 mo prev 12 mo change 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 14 3 5 -44% 9 8 12 -33% 12 6 12 15 5 10 6

AVG Price per SQ FT $2,649 $1,628 $2,416 13% $2,134 $2,321 $2,029 14% $2,141 $1,733 $1,796 $1,438 $1,383 $1,149 $1,288

AVG Sold Price $10,019,200 26% $7,964,078 $10,912,000 $7,133,475 53% $9,073,058 $5,950,000 $7,057,708 $7,639,167 $3,380,000 $4,310,615 $5,262,500

AVG Asking Price $15,402,143 $8,613,333 $11,129,000 30% $8,531,111 $12,518,125 $7,631,250 64% $10,106,667 $6,549,167 $7,605,375 $7,999,533 $3,839,600 $4,733,200 $6,158,333

AVG Ask/Sold Discount % 9.5% 3.3 6.2% 9.7% 6.1% 3.6 7.2% 9.2% 6.2% 5.2% 11.7% 7.4% 13.4%


RED MOUNTAIN (includes luxury) active pending 2018 YTD change 2017 YTD last 12 mo prev 12 mo change 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 25 3 2 -83% 12 4 15 -73% 14 8 18 15 14 13 7


AVG Sold Price $12,650,000 -6% $13,419,333 $10,287,500 $13,508,800 -24% $12,634,429 $10,128,182 $10,486,880 $8,935,685 $7,760,464 $11,025,000 $8,425,000

AVG Asking Price $18,251,200 $9,966,667 $13,525,000 -7% $14,486,250 $10,725,000 $14,552,267 -26% $13,548,929 $11,479,750 $13,018,056 $9,935,667 $8,822,786 $12,641,538 $9,809,286



single family home comparative activityby area, as of 08/31

listed closed




listed closed

WEST END active pending 2018 YTD change 2017 YTD last 12 mo prev 12 mo change 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 14 2 11 10% 10 17 19 -11% 16 13 23 19 11 17 13


AVG Sold Price $4,715,064 18% $3,992,750 $4,492,395 $4,040,658 11% $4,027,031 $4,431,077 $4,462,391 $3,921,263 $4,764,545 $3,876,362 $4,436,538

AVG Asking Price $4,932,857 $6,947,500 $4,996,727 13% $4,422,500 $4,781,412 $4,353,632 10% $4,409,063 $4,749,154 $4,748,478 $4,088,947 $5,108,727 $4,383,824 $4,842,923



WEST ASPEN active pending 2018 YTD change 2017 YTD last 12 mo prev 12 mo change 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 41 3 14 -22% 18 18 23 -22% 22 9 26 25 21 25 19

AVG Price per SQ FT $1,189 $1,220 $993 0% $995 $956 $988 -3% $964 $996 $949 $927 $947 $934 $806

AVG Sold Price $3,759,607 0% $3,759,607 $3,742,522 $4,036,652 -7% $4,115,859 $3,622,222 $4,151,261 $4,001,400 $3,326,905 $3,889,800 $3,693,289

AVG Asking Price $4,641,049 $4,150,000 $4,223,571 -7% $4,546,667 $4,194,444 $4,346,043 -3% $4,464,091 $3,883,778 $4,591,885 $4,449,400 $3,716,905 $4,366,720 $4,155,947


AVG Days on Market 350 237 245 -2% 250 278 260 7% 276 263 241 322 407 463 332

MCLAIN FL/STARWOOD (incl. lux.) active pending 2018 YTD change 2017 YTD last 12 mo prev 12 mo change 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 13 1 5 -38% 8 9 10 -10% 12 2 5 7 6 8 7

AVG Price per SQ FT $1,312 $551 $1,062 14% $934 $857 $870 -1% $823 $616 $1,253 $1,194 $1,180 $817 $824

AVG Sold Price $6,570,000 -22% $8,417,625 $5,522,778 $7,759,100 -29% $7,016,333 $5,125,000 $10,582,500 $10,064,286 $3,640,417 $10,965,625 $7,101,714

AVG Asking Price $12,483,077 $2,995,000 $7,007,000 -35% $10,705,000 $5,963,889 $9,693,500 -38% $8,690,000 $5,647,500 $12,387,000 $11,177,857 $4,156,500 $11,712,375 $8,242,000


AVG Days on Market 307 438 423 -6% 451 637 409 56% 603 239 199 264 819 450 475

SNOWMASS VILLAGE - Ski Access active pending 2018 YTD change 2017 YTD last 12 mo prev 12 mo change 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 22 2 3 -57% 7 9 11 -18% 13 15 11 8 6 8 9

AVG Price per SQ FT $1,257 $770 $790 -12% $897 $828 $966 -14% $874 $1,002 $756 $627 $586 $641 $728

AVG Sold Price $3,823,333 -13% $4,397,864 $3,753,056 $4,700,000 -20% $4,156,346 $4,556,767 $3,137,469 $2,297,441 $2,027,460 $2,565,687 $2,890,238

AVG Asking Price $6,043,591 $2,504,611 $4,563,333 -9% $5,000,000 $4,245,556 $5,057,727 -16% $4,578,462 $4,893,533 $3,470,943 $2,522,291 $2,281,196 $3,017,364 $3,276,476







listed closed

SNOWMASS VILLAGE - Off-Mtn active pending 2018 YTD change 2017 YTD last 12 mo prev 12 mo change 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 27 7 23 44% 16 37 24 54% 30 22 24 26 19 14 12

AVG Price per SQ FT $874 $710 $697 10% $636 $686 $668 3% $650 $672 $648 $564 $572 $518 $580

AVG Sold Price $2,546,725 16% $2,197,607 $2,382,059 $2,373,521 0% $2,154,533 $2,393,477 $2,380,413 $1,869,346 $1,870,553 $1,706,329 $2,105,833

AVG Asking Price $3,390,333 $2,348,786 $2,696,500 13% $2,391,813 $2,530,703 $2,591,583 -2% $2,329,517 $2,621,773 $2,594,917 $2,058,765 $2,050,258 $1,894,500 $2,341,333



WOODY CREEK active pending 2018 YTD change 2017 YTD last 12 mo prev 12 mo change 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 10 2 3 0% 3 7 5 40% 7 4 2 3 5 6 3

AVG Price per SQ FT $865 $985 $611 -8% $665 $953 $752 27% $976 $836 $847 $1,058 $596 $503 $725

AVG Sold Price $1,694,167 -30% $2,431,667 $2,218,929 $3,749,000 -41% $2,535,000 $4,687,500 $2,500,000 $2,824,667 $2,126,000 $2,112,333 $3,375,000

AVG Asking Price $3,927,400 $1,872,500 $1,889,667 -29% $2,665,000 $2,357,714 $4,129,000 -43% $2,690,000 $5,362,500 $2,805,000 $3,081,333 $2,403,800 $2,490,500 $4,046,667

AVG Ask/Sold Discount % 10.0% 3.4 6.6% 7.0% 7.8% -0.7 5.6% 14.0% 11.0% 8.0% 10.4% 13.4% 16.1%


OLD SNOWMASS active pending 2018 YTD change 2017 YTD last 12 mo prev 12 mo change 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 23 5 11 10% 10 17 15 13% 16 14 14 13 9 7 15


AVG Sold Price $2,336,455 110% $1,114,450 $1,966,737 $1,394,833 41% $1,179,877 $1,483,179 $2,040,226 $1,486,385 $560,655 $3,148,018 $1,218,000

AVG Asking Price $2,932,630 $1,164,980 $2,504,455 112% $1,183,350 $2,118,000 $1,474,233 44% $1,268,156 $1,592,786 $2,314,993 $1,612,962 $598,489 $3,970,700 $1,381,320

AVG Ask/Sold Discount % 5.4% -1.6 7.0% 5.9% 5.8% 0.0 6.9% 6.9% 9.5% 5.2% 6.3% 16.1% 12.1%


BRUSH CREEK VLG active pending 2018 YTD change 2017 YTD last 12 mo prev 12 mo change 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 4 3 2 -67% 6 2 10 -80% 6 4 2 10 4 1 7

AVG Price per SQ FT $425 $525 $444 -12% $506 $444 $500 -11% $506 $491 $532 $423 $379 $321 $407

AVG Sold Price $1,787,375 0% $1,783,500 $1,787,375 $1,775,900 1% $1,783,500 $1,764,500 $1,637,500 $1,423,810 $1,138,000 $862,500 $1,294,786

AVG Asking Price $2,888,750 $1,549,667 $2,135,000 10% $1,942,333 $2,135,000 $1,976,400 8% $1,942,333 $2,027,500 $1,687,500 $1,489,690 $1,336,975 $975,000 $1,502,571







listed closed

BASALT PROPER active pending 2018 YTD change 2017 YTD last 12 mo prev 12 mo change 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 31 10 28 4% 27 47 40 18% 46 37 37 28 25 40 43


AVG Sold Price $1,255,368 41% $888,641 $1,287,017 $1,006,987 28% $1,072,453 $1,126,392 $916,135 $832,482 $704,720 $816,148 $691,967

AVG Asking Price $1,325,871 $2,558,256 $1,314,214 39% $943,556 $1,355,766 $1,079,637 26% $1,139,109 $1,210,662 $962,662 $871,193 $763,896 $876,282 $764,826



BASALT RURAL active pending 2018 YTD change 2017 YTD last 12 mo prev 12 mo change 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 27 3 13 160% 5 20 14 43% 12 16 17 20 9 15 12


AVG Sold Price $946,462 -27% $1,302,800 $888,700 $1,170,777 -24% $998,667 $983,477 $1,251,746 $893,125 $1,368,111 $659,252 $1,151,683

AVG Asking Price $1,838,583 $1,166,000 $1,038,531 -25% $1,385,800 $980,395 $1,293,643 -24% $1,086,333 $1,091,119 $1,446,000 $1,012,825 $1,609,333 $756,267 $1,292,192



EL JEBEL active pending 2018 YTD change 2017 YTD last 12 mo prev 12 mo change 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 5 8 8 -62% 21 14 35 -60% 27 32 28 22 33 45 17


AVG Sold Price $634,214 15% $550,762 $607,408 $567,886 7% $555,407 $565,904 $532,468 $484,836 $505,574 $439,934 $424,849

AVG Asking Price $713,600 $761,500 $655,987 16% $566,095 $628,528 $580,343 8% $571,833 $576,884 $550,425 $501,109 $517,245 $461,802 $462,056


AVG Days on Market 94 155 278 142% 115 103 110 -6% 109 98 113 105 122 173 241

MISSOURI HEIGHTS active pending 2018 YTD change 2017 YTD last 12 mo prev 12 mo change 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 33 6 25 32% 19 48 28 71% 42 31 30 36 30 24 23


AVG Sold Price $830,491 -23% $1,078,719 $821,575 $1,057,260 -22% $932,595 $1,120,572 $884,367 $1,066,639 $613,028 $936,862 $571,235

AVG Asking Price $1,999,429 $1,160,458 $869,060 -22% $1,115,196 $860,746 $1,095,482 -21% $970,905 $1,235,917 $977,397 $1,175,683 $650,774 $1,036,233 $662,265

AVG Ask/Sold Discount % 3.5% -0.2 3.7% 3.8% 3.7% 0.1 4.0% 6.8% 5.8% 8.2% 4.5% 9.7% 11.1%

AVG Days on Market 218 226 278 11% 251 217 231 -6% 197 295 224 416 276 473 266



CONDOMINIUM/TOWNHOME MARKET DISTRIBUTIONAugust 31, 2018


condominium/townhome current market activity includes luxury properties

distribution of listings/sales (& % concentration)

2018

active pending 2017 2016 2015 2014 2013

ALL CONDOMINIUMS 296 66 202 concentration 345 288 330 278 290Aspen 102 23 68 34% 157 116 155 133 122

East Aspen 1 1 2 3% 10 3 6 3 4

Smuggler 11 0 7 10% 16 13 15 15 13

Central Core 71 17 47 69% 100 74 98 92 79

Red Mountain 0 0 0 0% 0 0 0 0 0

West End 9 5 4 6% 16 16 15 13 12

West Aspen 10 0 8 12% 15 10 21 10 14

Snowmass Village 144 30 87 43% 99 85 87 90 122

Ski Accessible 107 12 60 69% 71 50 63 46 35

Non Ski Accessible 29 11 27 31% 28 35 28 39 17

Basalt 50 13 45 22% 82 86 85 55 39

Basalt Proper 40 13 40 89% 75 78 71 45 23

El Jebel 10 0 5 11% 7 8 14 10 16

active pending 2017 2016 2015 2014 2013Aspen 102 23 68 concentration 157 116 155 133 122

Studios 7 3 9 13% 21 16 18 17 9

1 Bedrooms 19 2 10 15% 21 13 26 23 20

2 Bedrooms 26 8 19 28% 51 44 58 35 41

3 Bedrooms 32 8 22 32% 44 30 31 35 36

4 Bedrooms 16 1 4 6% 16 11 15 17 12

5+ Bedrooms 2 1 4 6% 4 2 7 6 4


Studios 10 2 22 25% 12 9 9 10 19

1 Bedrooms 24 6 20 23% 11 11 18 14 33

2 Bedrooms 52 10 25 29% 41 39 37 34 41

3 Bedrooms 32 5 14 16% 22 17 16 24 23

4 Bedrooms 15 0 5 6% 13 9 7 8 5

5+ Bedrooms 3 0 1 1% 0 0 0 0 1

Basalt 50 13 45 82 86 85 55 39

Studios 1 0 2 4% 1 3 1 1 1

1 Bedrooms 4 5 10 22% 10 12 12 9 7

2 Bedrooms 22 2 16 36% 41 34 25 16 16

3 Bedrooms 10 5 15 33% 24 30 39 27 11

4 Bedrooms 12 1 2 4% 5 7 7 2 3

. 5+ Bedrooms 1 0 0 0% 1 0 1 0 1

condominium/townhome current market activitydistribution of listings/sales (& % concentration)

listed closed

condominiums/townhomes by number of bedrooms (& % concentration)

2018 YTD

2018 YTD

$1250-$1500Copyright © 2018 28



active pending 2017 2016 2015 2014 2013Aspen 102 23 68 concentration 157 116 155 133 122

under $750 5 0 3 4% 11 15 20 17 36

$750-$1000 13 0 10 15% 25 19 37 30 31

$1000-$1250 10 0 11 16% 28 27 42 33 37

$1250-$1500 9 7 15 22% 37 26 23 27 8

$1500-$1750 8 2 12 18% 30 9 18 14 5

$1750-$2000 20 5 9 13% 9 4 6 5 1

over $2000 37 9 8 12% 17 12 9 7 4


under $500 11 2 16 18% 22 23 28 27 29

$500-$750 54 15 52 60% 54 38 38 44 59

$750-$1000 45 7 18 21% 19 19 13 13 28

$1000-$1250 20 2 1 1% 2 5 6 4 5

$1250-$1500 4 2 0 0% 1 0 2 2 1

$1500-$1750 7 2 0 0% 1 0 0 0 0

over $1750 2 0 0 0% 0 0 0 0 0

Basalt 50 13 45 82 86 85 55 39

under $200 0 0 0 0% 0 0 5 5 7

$200-$300 10 0 7 16% 20 24 41 30 22

$300-$400 14 3 12 27% 27 29 21 11 7

$400-$500 13 5 7 16% 17 22 17 8 3

$500-$600 10 2 12 27% 15 11 1 0 0

$600-$700 2 3 6 13% 3 0 0 0 0

over $700 1 0 1 2% 0 0 0 1 0


condominiums/townhomes by average price per square foot (& % concentration)

listed closed2018 YTD

under $7506%

$750-$100016%

$1000-$125017%

$1250-$150023%

$1500-$175019%

$1750-$2000

8%

over $200011%

Aspenlast yr + this YTD

under $50020%

$500-$75057%

$750-$100020%

$1000-$12502%

$1250-$15000%

$1500-$17501%

Snowmasslast yr + this YTD

under $2000%

$200-$30022%

$300-$40031%$400-$500

12%

$500-$60021%

$600-$7007%

Basaltlast yr + this YTD




active pending 2018 YTD 2017 2016 2015 2014 2013Aspen 103 23 68 concentration 157 116 155 132 122

under $1M 30 4 25 37% 57 44 64 56 58

$1M-$2M 23 7 18 26% 47 39 52 31 36

$2M-$3M 14 5 10 15% 22 15 15 18 12

$3M-$4M 8 1 1 1% 8 4 6 11 8

$4M-$5M 4 0 4 6% 10 3 9 9 2

$5M-$6M 2 0 1 1% 5 4 2 3 3

over $6M 22 6 9 13% 8 7 7 4 3


under $0.25M 8 0 16 18% 7 5 9 8 11

$0.25M-$0.5M 22 9 30 34% 31 26 22 29 46

$0.5M-$0.75M 26 8 14 16% 22 21 21 14 27

$0.75M-$1M 24 1 11 13% 13 8 13 8 13

$1M-$1.25M 12 1 6 7% 6 7 4 15 9

$1.25M-$1.5M 12 1 3 3% 2 3 3 4 6

over $1.5M 39 10 7 8% 18 15 15 12 10

Basalt 50 13 45 82 86 85 55 39

under $0.2M 0 0 0 0% 0 0 1 1 4

$0.2M-$0.3M 0 0 0 0% 3 6 11 8 14

$0.3M-$0.4M 4 1 10 22% 16 21 20 16 10

$0.4M-$0.5M 9 3 9 20% 29 27 21 13 5

$0.5M-$0.6M 20 5 12 27% 15 8 20 11 4

$0.6M-$0.7M 6 2 6 13% 7 10 7 1 0

over $0.7M 11 2 8 18% 12 14 5 5 2


condominiums/townhomes by average price range (& % concentration)

listed closed


condominium/townhome activity by neighborhood excludes luxury properties


EAST ASPEN active pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 1 1 2 -71% 7 5 10 3 6 3 4 4 0

Avg Price per Sq Ft $917 $1,370 $1,173 2% $1,144 $1,356 $1,244 $848 $956 $890 $800 $753 $0

Avg Sold Price $2,525,000 36% $1,860,536 $2,930,000 $2,262,375 $1,343,333 $1,390,333 $1,887,500 $1,893,453 $903,750 $0

Avg Asking Price $770,000 $3,150,000 $2,800,000 48% $1,887,714 $3,110,000 $2,316,400 $1,513,333 $1,476,333 $2,074,633 $2,060,750 $1,005,750 $0

Avg Ask/Sold Discount % 10.0% 7.1 2.8% 5.7% 2.8% 5.3% 5.9% 5.4% 7.9% 7.7% 0.0%

Avg Days on Market 87 17 158 -49% 308 207 288 191 229 317 372 431 0

SMUGGLER active pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011

Number of Listings or Sales 11 0 7 -22% 9 14 16 13 15 15 13 8 6

Avg Price per Sq Ft $923 $0 $1,049 4% $1,006 $1,031 $1,009 $935 $951 $746 $739 $658 $826

Avg Sold Price $1,727,857 71% $1,013,339 $1,367,643 $1,010,753 $892,462 $1,080,687 $937,633 $694,735 $621,639 $1,295,000

Avg Asking Price $1,036,364 $0 $1,840,952 75% $1,051,111 $1,453,476 $1,057,625 $928,723 $1,154,133 $1,000,733 $747,000 $670,375 $1,444,000


Avg Days on Market 162 0 183 55% 118 159 125 184 176 220 299 366 274

CENTRAL CORE CONDOMINIUMS active pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011

Number of Listings or Sales 53 12 37 -43% 65 69 94 72 94 89 76 83 74

Avg Price per Sq Ft $1,991 $1,716 $1,587 3% $1,537 $1,592 $1,537 $1,401 $1,352 $1,301 $1,105 $1,022 $1,138

Avg Sold Price $1,412,791 -27% $1,937,659 $1,748,757 $1,973,259 $1,832,677 $1,543,298 $1,770,150 $1,464,609 $1,514,924 $1,978,912

Avg Asking Price $2,562,226 $1,483,583 $1,500,811 -29% $2,107,923 $1,846,601 $2,125,324 $1,945,597 $1,621,314 $1,876,972 $1,591,320 $1,667,245 $2,239,726



WEST END active pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 8 4 4 -64% 11 9 16 16 15 13 12 9 7

Avg Price per Sq Ft $1,390 $1,534 $1,098 -17% $1,327 $1,089 $1,251 $1,177 $954 $1,112 $729 $817 $763

Avg Sold Price $1,415,000 -24% $1,859,268 $1,386,111 $1,704,184 $1,757,969 $1,122,708 $1,266,923 $1,156,333 $965,833 $1,010,655

Avg Asking Price $1,172,113 $2,093,750 $1,494,750 -24% $1,967,091 $1,443,556 $1,790,688 $1,836,250 $1,184,060 $1,329,615 $1,229,667 $1,024,556 $1,040,200



WEST ASPEN active pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 10 0 8 -27% 11 12 15 10 21 10 14 6 6

Avg Price per Sq Ft $960 $0 $875 49% $588 $825 $624 $715 $730 $681 $584 $494 $641

Avg Sold Price $1,952,063 32% $1,484,345 $2,187,208 $1,797,187 $2,031,900 $2,305,429 $3,002,700 $1,804,000 $1,499,167 $2,314,583

Avg Asking Price $1,699,364 $0 $2,082,450 32% $1,583,609 $2,370,342 $1,946,947 $2,141,700 $2,457,567 $3,254,150 $1,917,571 $1,660,500 $2,654,500



condominium/townhome activity by neighborhoodby area, as of 08/31

listed closed


condominium/townhome activity by neighborhood excludes luxury properties


listed closed

SNOWMASS VILLAGE - Ski Access active pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 107 12 60 36% 44 87 71 50 63 46 35 37 38Avg Price per Sq Ft $760 $666 $664 9% $608 $689 $660 $668 $664 $594 $600 $621 $695

Avg Sold Price $663,553 -27% $907,961 $786,447 $965,604 $900,094 $879,459 $842,715 $764,023 $837,729 $961,532

Avg Asking Price $1,059,670 $1,057,680 $713,232 -26% $966,250 $841,987 $1,027,803 $984,580 $944,259 $925,895 $839,346 $929,792 $1,101,239

Avg Ask/Sold Discount % 4.9% -0.3 5.2% 5.0% 5.3% 7.6% 8.1% 9.2% 8.9% 9.7% 11.9%


SNOWMASS VILLAGE - Off-Mtn active pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 29 11 27 69% 16 39 28 35 28 39 17 17 12

Avg Price per Sq Ft $810 $616 $590 -9% $646 $564 $586 $580 $549 $523 $436 $467 $570

Avg Sold Price $770,278 -29% $1,083,094 $711,322 $866,913 $872,757 $844,098 $828,940 $483,265 $780,007 $793,167

Avg Asking Price $1,400,238 $876,182 $815,259 -29% $1,148,906 $758,949 $927,482 $929,671 $902,232 $926,179 $535,156 $877,829 $961,500



BASALT PROPER active pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011

Number of Listings or Sales 40 13 40 11% 36 79 75 78 71 45 23 40 31Avg Price per Sq Ft $440 $494 $473 22% $386 $442 $399 $379 $327 $313 $286 $242 $247

Avg Sold Price $584,096 14% $511,537 $547,450 $510,668 $525,731 $437,165 $466,339 $377,382 $363,665 $368,106

Avg Asking Price $582,134 $691,239 $592,630 13% $525,241 $558,283 $524,105 $538,893 $449,292 $476,236 $383,926 $386,260 $411,284



EL JEBEL active pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011

Number of Listings or Sales 10 0 5 67% 3 9 7 12 14 10 16 24 17Avg Price per Sq Ft $339 $0 $302 4% $292 $295 $289 $292 $250 $262 $218 $194 $198

Avg Sold Price $676,600 4% $651,500 $684,681 $676,232 $687,871 $556,314 $416,838 $359,000 $255,663 $302,671

Avg Asking Price $818,200 $0 $682,200 4% $659,000 $695,889 $689,857 $694,575 $560,750 $430,845 $382,519 $261,154 $329,433



condominium/townhome activity by neighborhoodby area, as of 08/31


SINGLE FAMILY LOT MARKET DISTRIBUTIONAugust 31, 2018


single family lot current market activity includes luxury properties


active pending 2018 YTD 2017 2016 2015 2014 2013

ALL LOTS (incl. rural) 75 11 47 49 35 43 51 41Aspen 32 7 10 16 15 25 21 18

East Aspen 3 1 1 1 1 3 6 4

Smuggler 1 1 1 2 1 2 0 1

Central Core 1 2 0 0 0 2 1 1

Red Mountain 3 0 1 1 4 0 1 1

West End 2 0 2 3 1 5 2 3

West Aspen 14 0 4 5 6 8 9 6

McLain Flats 4 1 1 4 0 4 1 2

Brush Creek Village 4 2 0 0 2 1 1 0


Basalt 22 1 24 21 11 6 8 11

Basalt Proper 11 1 19 7 5 3 5 6

El Jebel 0 0 1 4 2 1 0 0

Frying Pan/Reudi 7 0 4 7 3 2 3 3

Emma/Sopris Creek 4 0 0 3 1 0 0 2

active pending 2018 YTD 2017 2016 2015 2014 2013Aspen 28 5 10 16 15 25 21 18under $1M 0 0 0 2 0 2 3 1$1M-$2M 3 0 2 3 5 4 6 4$2M-$3M 6 2 4 4 0 3 6 7$3M-$4M 8 0 1 4 2 7 3 5$4M-$5M 1 1 1 1 4 2 1 0$5M-$6M 0 0 0 0 0 3 1 1over $6M 10 2 2 2 4 4 1 0

Snowmass Village 8 1 3 6 4 6 18 8under $1M 0 0 0 0 0 2 6 3$1M-$1.5M 2 0 1 2 2 3 6 3$1.5M-$2M 0 1 1 1 0 1 2 2$2M-$2.5M 1 0 0 0 0 0 0 0$2.5M-$3M 1 0 0 2 1 0 0 0$3M-$3.5M 0 0 0 0 1 0 1 0over $3.5M 4 0 1 1 0 0 3 0

Basalt 22 1 24 21 11 6 8 11under $0.1M 2 0 3 4 2 0 2 1$0.1M-$0.2M 1 0 1 4 4 3 2 6$0.2M-$0.3M 5 0 6 7 4 2 1 2$0.3M-$0.4M 3 0 1 2 1 0 3 0$0.4M-$0.5M 2 1 1 1 0 0 0 1$0.5M-$0.6M 0 0 0 0 0 0 0 0over $0.6M 9 0 12 3 0 1 0 1

single family lot current market activitydistribution of listings/sales (& % concentration)

listed closed

single family lots by average price range


single family lot comparative activity excludes luxury properties


EAST ASPEN active pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 3 1 1 0% 1 1 1 1 3 6 4 6 2

AVG Sold Price $2,250,000 38% $1,635,000 $2,250,000 $1,635,000 $3,000,000 $3,183,333 $2,087,500 $2,263,875 $2,864,833 $2,500,000

AVG Asking Price $3,093,333 $2,585,000 $2,600,000 45% $1,795,000 $2,600,000 $1,795,000 $3,295,000 $3,633,333 $2,699,833 $2,573,750 $3,309,917 $2,847,500

AVG Ask/Sold Discount % 13.5% 0.5 8.9% 13.5% 8.9% 9.0% 11.4% 21.2% 14.3% 19.0% 12.5%

AVG Days on Market 82 31 38 -70% 125 38 125 465 1581 197 375 487 505

SMUGGLER Listed Pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 1 1 1 0% 1 2 2 1 1 0 1 2 0

AVG Sold Price $4,950,000 184% $1,745,000 $4,275,000 $2,672,500 $1,900,000 $2,070,000 $0 $1,100,000 $2,570,000 $0

AVG Asking Price $4,990,000 $2,599,000 $4,950,000 175% $1,799,000 $4,600,000 $3,024,500 $1,900,000 $2,070,000 $0 $1,300,000 $3,550,000 $0

AVG Ask/Sold Discount % 0.0% -1.0 3.0% 7.6% 9.1% 0.0% 0.0% 0.0% 15.4% 38.4% 0.0%

AVG Days on Market 38 24 793 85% 429 473 291 303 0 0 401 396 0

CENTRAL CORE Listed Pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 1 2 0 0 0 0 0 1 1 1 1 0

AVG Sold Price $0 $0 $0 $0 $0 $4,400,000 $1,600,000 $2,950,000 $2,400,000 $0

AVG Asking Price $2,999,000 $5,575,000 $0 $0 $0 $0 $0 $4,950,000 $1,725,000 $2,950,000 $2,695,000 $0

AVG Ask/Sold Discount % 0.0% 0.0% 0.0% 0.0% 0.0% 11.1% 7.2% 0.0% 10.9% 0.0%

AVG Days on Market 497 738 0 0 0 0 0 428 430 286 2677 0

RED MOUNTAIN Listed Pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 0 0 0 0 0 0 1 0 1 1 3 0

AVG Sold Price $0 $0 $0 $0 $6,200,000 $0 $7,000,000 $5,250,000 $6,055,555 $0

AVG Asking Price $0 $0 $0 $0 $0 $0 $7,350,000 $0 $7,500,000 $5,995,000 $6,966,667 $0



WEST END Listed Pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 2 0 2 -33% 3 2 3 1 5 2 3 2 2

AVG Sold Price $1,537,500 -65% $4,366,667 $1,537,500 $4,366,667 $1,750,000 $3,862,500 $3,687,500 $2,493,333 $3,000,000 $1,801,750

AVG Asking Price $4,845,000 $0 $2,350,000 $0 $4,598,333 $2,350,000 $4,598,333 $1,995,000 $3,927,800 $3,697,500 $2,681,833 $3,375,000 $2,384,000



WEST ASPEN Listed Pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 10 0 4 100% 2 7 5 6 8 9 6 6 3

AVG Sold Price $3,012,500 118% $1,380,000 $2,631,429 $1,826,000 $3,594,583 $4,337,500 $2,627,177 $2,525,000 $2,446,667 $2,532,333

AVG Asking Price $3,271,500 $0 $3,362,500 $1 $1,695,000 $2,906,429 $2,057,000 $3,837,500 $4,730,625 $3,171,111 $3,030,833 $2,910,000 $2,946,667



MCLAIN FLATS Listed Pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 3 1 0 -100% 3 1 4 0 4 1 2 4 3

AVG Sold Price $0 -100% $2,326,833 $2,500,000 $2,370,125 $0 $2,300,000 $1,070,000 $2,575,000 $3,631,250 $1,435,000

AVG Asking Price $3,211,667 $6,500,000 $0 -$1 $2,880,000 $3,600,000 $3,060,000 $0 $2,875,000 $1,500,000 $2,947,500 $4,617,500 $1,895,000



listed closed




listed closed

SNOWMASS VILLAGE - Ski Access Listed Pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 5 0 0 -100% 12 2 3 2 1 6 2 2 0

AVG Sold Price $0 -100% $1,600,000 $2,600,000 $2,266,667 $3,050,000 $1,500,000 $2,862,500 $1,712,500 $3,925,000 $0

AVG Asking Price $3,908,000 $0 $0 -$1 $1,950,000 $2,775,000 $2,500,000 $3,249,500 $1,595,000 $3,457,500 $1,947,500 $4,247,500 $0



SNOWMASS VILLAGE - Off-Mtn Listed Pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011

Number of Listings or Sales 2 1 2 0% 2 2 2 2 5 12 6 1 5

AVG Sold Price $1,475,000 6% $1,387,500 $1,475,000 $1,387,500 $1,051,250 $1,144,000 $1,077,167 $1,001,667 $650,000 $1,035,000

AVG Asking Price $1,347,000 $1,500,000 $1,497,500 $0 $1,525,000 $1,497,500 $1,525,000 $1,175,000 $1,195,000 $1,225,250 $1,272,167 $725,000 $1,143,800



WOODY CREEK Listed Pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011

Number of Listings or Sales 2 2 4 100% 2 4 2 3 3 0 1 3 3

AVG Sold Price $2,096,250 16% $1,800,000 $2,096,250 $1,800,000 $1,246,667 $758,021 $0 $2,350,000 $1,418,333 $1,188,333

AVG Asking Price $3,225,000 $1,650,000 $2,573,750 $0 $1,947,500 $2,573,750 $1,947,500 $1,381,667 $831,667 $0 $2,580,000 $1,948,333 $1,405,000



OLD SNOWMASS Listed Pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 11 0 6 50% 4 6 4 2 3 4 3 3 1

AVG Sold Price $405,167 -26% $550,000 $405,167 $550,000 $537,500 $1,131,667 $681,250 $325,000 $1,045,000 $220,000

AVG Asking Price $739,773 $0 $441,333 $0 $636,250 $441,333 $636,250 $625,000 $1,304,667 $756,250 $409,633 $1,238,000 $248,000



BRUSH CREEK VLG Listed Pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 34 1 0 0 0 0 2 1 1 0 1 1

AVG Sold Price $0 $0 $0 $0 $1,550,000 $500,000 $250,000 $0 $1,000,000 $325,000

AVG Asking Price $364,447 $250,000 $0 $0 $0 $0 $1,822,500 $595,000 $299,000 $0 $1,825,000 $379,000



single family lot comparative activityby area, as of 08/31




listed closedBASALT PROPER Listed Pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 11 1 19 217% 6 20 7 5 3 5 6 6 2

AVG Sold Price $1,129,118 230% $342,500 $1,086,413 $332,857 $212,300 $220,000 $263,150 $169,050 $197,244 $175,000

AVG Asking Price $754,000 $499,000 $1,155,342 $2 $369,167 $1,112,025 $357,714 $232,600 $245,000 $285,000 $187,500 $239,167 $204,500



FRYING PAN/RUEDI Listed Pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 9 0 4 -33% 6 6 8 4 2 3 3 3 3

AVG Sold Price $574,750 432% $108,000 $556,500 $211,000 $133,000 $1,046,500 $91,000 $127,000 $231,667 $88,333

AVG Asking Price $697,556 $0 $584,500 $4 $121,417 $568,750 $225,375 $136,725 $1,311,500 $95,833 $151,833 $267,333 $101,000



EMMA/SOPRIS CREEK Listed Pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 4 0 0 0 3 3 1 0 0 2 1 3

AVG Sold Price N/A N/A $0 $0 $440,000 $440,000 $185,000 $0 $0 $590,000 $3,000,000 $535,000

AVG Asking Price $495,000 $0 $0 $0 $488,333 $488,333 $245,000 $0 $0 $722,500 $3,500,000 $623,000

AVG Ask/Sold Discount % N/A 0.0% 0.0% 0.0% 11.9% 11.9% 24.5% 0.0% 0.0% 16.9% 14.3% 11.9%


EL JEBEL Listed Pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 1 0 2 -33% 3 3 4 2 3 3 2 1 3

AVG Sold Price $802,500 241% $235,000 $623,333 $242,500 $206,250 $139,000 $153,333 $147,500 $2,900,000 $102,667

AVG Asking Price $250,000 $0 $845,000 $2 $266,500 $651,667 $266,125 $255,000 $159,333 $164,333 $169,000 $3,850,000 $194,000



MISSOURI HEIGHTS Listed Pending 2018 YTD change 2017 YTD last 12 mo 2017 2016 2015 2014 2013 2012 2011Number of Listings or Sales 34 1 14 -22% 18 22 26 19 29 14 15 3 3

AVG Sold Price $620,108 170% $229,417 $493,000 $242,077 $176,987 $209,759 $457,966 $190,933 $141,667 $261,667

AVG Asking Price $364,447 $250,000 $684,500 $2 $263,656 $555,932 $284,358 $204,500 $233,843 $569,786 $204,027 $170,833 $356,333



single family lot comparative activityby area, as of 08/31


resort market index

index suggests continued price growth

resort market index

August 31, 2018Our Resort Market Index measures the "strength" of the Aspen/Snowmass real estate market by tracking a variety of real estate trends. Different than a stock index, our Index (blue line) can be an excellent predictor of the future direction of pricing for our local real estate market. Because it is a composite of metrics, we have highs and lows during each quarter before the "close," which is represented by the blue line. The gold line is the average price per square foot of property sold in the resort market each quarter, and illustrates how prices trail the index (further behind index upswings than downturns, as buyers are slower to accept upward price pressures than downward ones).

The Index has reliably indicated future price movement, approximately 8-14 quarters before a rise and 4-8 quarters before a fall. It has continued an upward climb that began in 2010, translating to prices in 2014, and beginning an upward trend interrupted only by the 2016 election year uncertainty (anticipating price declines 6 quarters in advance of actual declines). Aspen/Snowmass real estate fundamentals are strong - listing inventory (supply) has slowly decreased as sales have increased at an average annual pace of about 20% since the low point of the recession. At the same time, prices have increased at about 8% per year since the recovery began. And while sales (demand) fell from the 2015 spike in Aspen, the relative values in Snowmass began to drive that single family home market, especially the ski-accessible segment. The 2016 Index drop typified election year disruption, and 2017 growth continued the overall Index direction and renewed upward pressure on prices consistent with the sustained Index climb in 2014-15. Note the reasonable Index variation around a 4% growth trend line, unlike the 2003-05 Index, which forecast the 2006-08 price runup.

Among a number of metrics tracked by the index are transaction and dollar volume changes, and variation in sales prices per square foot. The accompanying graphs illustrate a general stabilization and gathering strength, with still growing sales volumes from the 2009 collapse levels.

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RESORT MARKET INDEX

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MARKET INDEX

AVG, PRICE/SF

Price trends historically trail the

Index by 12-24 months, reacting

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A general uptrend in the Index

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continues to support the stabilized

upward price movement (gold) we

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indicating a stronger upward price

trend for approx. 3 quarters.


http://www.aspensnowmassproperties.com/attachments/MarketIndexAnimation4.wmv

http://www.aspensnowmassproperties.com/attachments/MarketIndexAnimation4.wmv

residential sales activity summary graphsquarterly sales, volume, and price trendlines

residential sales activity summary graphs

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Number of Residential Sales

Aspen Snowmass Village Basalt 4 QTR Moving Avg Trend

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Average $/SQ FT Trendlines - Condominiums/Townhomes


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Average $/SQ FT Trendlines - Single Family Homes


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©2018 BERKSHIRE HATHAWAY HomeServices | Aspen Snowmass Properties. Independently owned and operated. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc,® Information

deemed accurate but not guaranteed. If your property is listed with a broker, this is not intended as a solicitation. Equal Housing Opportunity. Data collected from Aspen Glenwood Springs Multiple Listing Service; deemed accurate but not guaranteed. Subject to change with additional data. .

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