Market Report

Aspen, CO 81611

Single-Family Homes

www.titlecorockies.com



Aspen, CO 81611

Thu Feb 21 2019
This week the median list price for Aspen, CO 81611 is $8,995,000 with the market action index hovering around 22. This is less than last month's market action index of 23. Inventory has held steady at or around 169. Click here to stay informed with the Aspen market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Aspen, CO 81611

Thu Feb 21 2019
This week the median list price for Aspen, CO 81611 is $8,995,000 with the market action index hovering around 22. This is less than last month's market action index of 23. Inventory has held steady at or around 169. Click here to stay informed with the Aspen market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Real-Time Market Profile

Never miss important changes in the Aspen market.
Median List Price $8,995,000
Per Square Foot $1,762
Days on Market 383
Price Decreased 20%
Price Increased 2%
Relisted 6%
Inventory 169
Median House Rent $45,000
Most Expensive $40,000,000
Least Expensive $385,000
Market Action Index
Slight Buyer's Advantage
22

While this week the median price in this zip code didn’t fluctuate much, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$24,975,000 9,667 1 - 2.5 acres 6 7 10 0 0 421
$11,995,000 7,241 1 - 2.5 acres 6 6 19 1 1 420
$7,397,500 5,252 0.25 - 0.5 acre 5 5 20 1 0 397
$3,975,000 2,935 0.25 - 0.5 acre 4 3 40 3 3 296