ASPEN AREA REAL ESTATE
MARKET ACTIVITY REPORT

(THROUGH YEAR END, 2000)

Courtesy of: Aspen Board of Realtors and Peter Kelley, GRI , (970) 379-4511

This data is based on figures published by the Aspen Board of Realtors Multiple Listing Service, and totals for Pitkin County, Colorado. The Aspen Board of Realtors data summarizes nearly all of the total annual sales in this area. The Pitkin County data is for all sales within the county for a given year. The Aspen and Roaring Fork Valley real estate market continues to be strong, posting the following Pitkin County total sales figures for the past few years.

2000 Aspen Sales Figures - Total $ 489,688,655

89 Single Family Homes Sold Price Range: $ 731,500 - 11,955,000
Average: $ 3,740,000
Median: $ 3,200,000

17 Half Duplexes Sold Price Range: $ 745,000 - 3,450,000
Average: $ 1,958,676
Median $ 1,775,000

15 Four Bedroom Condominiums Sold Price Range: $ 1,100,000 - 5,000,000
Average: $ 2,739,667
Median: $ 2,875,000

25 Three Bedroom Condominiums Sold Price Range: $ 530,000 - 2,750,000
Average: $ 1,185,700
Median: $ 895,000

46 Two Bedroom Condominiums Sold Price Range: $ 395,000 - 2,025,000
Average: $ 709,114
Median: $ 655,000

21 One Bedroom Condominiums Sold Price Range: $ 285,000 - 730,000
Average: $ 464,190
Median: $ 430,000

18 Studio Condominiums Sold Price Range: $ 140,000 - 495,000
Average: $ 284,494
Median: $ 260,000

2000 Snowmass Village Sales Figures - Total $ 195,305,000

47 Single Family Homes Price Range: $ 679,000 - 12,300,000
Average: $ 2,784,351
Median $ 2,300,000

2 Half Duplexes Price Range: $ 675,000 - 800,000
Average: $ 737,500
Median $ 737,500

7 Four Bedroom Condominiums Sold Price Range: $ 745,000 - 3,350,000
Average: $ 2,702,143
Median $ 3,025,000

18 Three Bedroom Condominiums Sold Price Range: $ 420,000 - 1,895,000
Average: $ 917,000
Median: $ 942,500

33 Two Bedroom Condominiums Sold Price Range: $ 319,000 - 1,275,000
Average: $ 560,455
Median: $ 475,000

13 One Bedroom Condominiums Sold Price Range: $ 175,000 - 475,000
Average: $ 325,423
Median: $ 349,000

13 Studio Condominiums Sold Price Range: $ 68,000 - 297,500
Average: $ 325,423
Median: $ 187,000

The real estate market in the Roaring Fork Valley continues to be strong, with the usual situation: heavy demand for quality product, along with a lack of supply. I expect we will post another record year for sales in 2001. The message to buyers remains the same, if you want to own property in Aspen and the Roaring Fork Valley purchase now, or pay more later. Please contact me for details.

[previous market report, for 1999]

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