The Bineau Team Market Report
Aspen, CO
Single-Family Homes
Jim and Anita Bineau |970-688-0609 | bineauteamaspen.com
Aspen, CO
Sun Dec 03 2023
This week the median list price for Aspen, CO is $19,800,000 with the market action index hovering around 25. This is less than last month's market action index of 26. Inventory has held steady at or around 87.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
While prices have recently plateaued, this is a buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.
Real-Time Market Profile
| Median List Price | $19,800,000 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $3,892 | |
| Average Days on Market | 217 | |
| Median Days on Market | 147 | |
| Price Decreased | 28% | |
| Price Increased | 3% | |
| Relisted | 1% | |
| Inventory | 87 | |
| Median Rent | ||
| Market Action | 25 | |
| Slight Buyer's Advantage | ||
The market seems to have paused around its high point. The Market Action Index is a good leading indicator for the durability of this trend.
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 |
|---|---|---|---|---|---|---|---|---|
| $39,500,000 | 8,774 | 0.5 - 1 acre | 6 | 8 | 13 | 0 | 0 | 133 |
| $23,250,000 | 5,251 | 0.25 - 0.5 acre | 5 | 6 | 29 | 0 | 0 | 154 |
| $16,325,000 | 5,088 | 0.5 - 1 acre | 4 | 5.3 | 31 | 0 | 1 | 154 |
| $7,725,000 | 2,777 | 0.5 - 1 acre | 4 | 3 | 51 | 0 | 0 | 140 |