Market Report
Snowmass, CO 81654
Single-Family Homes
www.titlecorockies.com
Snowmass, CO 81654
Tue May 21 2019
This week the median list price for Snowmass, CO 81654 is $4,497,500 with the market action index hovering around 24. This is an increase over last month's market action index of 22. Inventory has held steady at or around 26.
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
Home sales have been exceeding new inventory for several weeks. Since this is a Buyer's market prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller's zone, and we are likely to see upward pressure on pricing.
Real-Time Market Profile
| Median List Price | $4,497,500 | |
| Per Square Foot | $851 | |
| Days on Market | 614 | |
| Price Decreased | 15% | |
| Price Increased | 0% | |
| Relisted | 4% | |
| Inventory | 26 | |
| Median House Rent | ||
| Most Expensive | $50,000,000 | |
| Least Expensive | $849,000 | |
| Market Action Index Slight Buyer's Advantage | 24 |
In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
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 |
|---|---|---|---|---|---|---|---|---|
| $19,497,500 | 9,937 | N/A | 6 | 7 | 18 | 0 | 0 | 780 |
| $5,999,500 | 7,189 | N/A | 5 | 6 | 18 | 1 | 0 | 462 |
| $3,885,000 | 5,415 | 10 - 20 acres | 4 | 4 | 19 | 0 | 0 | 438 |
| $1,998,000 | 3,342 | 1 - 2.5 acres | 3 | 2 | 44 | 0 | 0 | 781 |