Market Report
Snowmass, CO 81654
Single-Family Homes
www.titlecorockies.com
Snowmass, CO 81654
Tue Oct 15 2024
This week the median list price for Snowmass, CO 81654 is $5,950,000 with the market action index hovering around 26. This is an increase over last month's market action index of 24. Inventory has decreased to 17.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
Home sales have been exceeding new inventory for several weeks. However because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there. Watch prices as the market transitions from a Buyer’s market to a Seller’s market.
Real-Time Market Profile
| Median List Price | $5,950,000 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $1,235 | |
| Average Days on Market | 150 | |
| Median Days on Market | 112 | |
| Price Decreased | 65% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 17 | |
| Median Rent | ||
| Market Action | 26 | |
| Slight Buyer's Advantage | ||
Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
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 |
|---|---|---|---|---|---|---|---|---|
| $11,125,000 | 5,743 | N/A | 5 | 5 | 29 | 0 | 2 | 129 |
| $6,650,000 | 5,478 | 5 - 10 acres | 5 | 4.8 | 27 | 0 | 1 | 112 |
| $5,850,000 | 4,362 | 1 - 2.5 acres | 4 | 3.8 | 29 | 0 | 0 | 140 |
| $2,550,000 | 2,828 | 1 - 2.5 acres | 4 | 2.8 | 48 | 0 | 0 | 49 |