Snowmass Village, Colorado:

Today, Erik Cavarra highlights the Luxury Marketplace within the Pines, Owl Creek Townhomes, and Two Creeks areas.  A look at the historical sales trends from 2006 to present indicate an unsettled movement in the marketplace with strong decreases in value since the collapse in the economy during the 08′-09′ periods.  However, with sales occurring during the 2011 – 2014 time frame, it has brought a strengthening presence back to the Snowmass Area.  Sales are taking place, but value is derived based upon intrinsic value characteristics of the subject property with some consideration given to market generalizations.

 

Property	2006 Avg. Sold Price	2007 Avg. Sold Price	2008 Avg. Sold Price	2009 Avg. Sold Price	2010 Avg. Sold Price	2011 Avg. Sold Price	2012 Avg. Sold Price	2013 Avg. Sold Price	2014 Avg. Sold Price
Owl Creek Townhomes	$4,725,000 (3 sales)	$5,061,250 (2 sales)	$5,447,500   (1 sale)	$3,500,000   (1 sale)	$3,650,000   (1 sale)	(0 Sales)	(0 Sales)	$3,247,500 (2 sales)	$3,300,000 (1 sale)
Pines Homes	$6,850,000 (2 sales)	$7,475,000 (2 sales)	$10,233,333   (3 sales)	$8,058,333   (3 sales)	$7,500,000   (2 sales)	$9,975,000   (2 sales)	$6,533,333 (3 sales)	$8,865,250 (2 sales)	$7,250,000 (1 sale)
Two Creeks Homes	$6,225,000 (2 sales)	$9,147,500 (2 sales)	$12,050,000   (2 sales)	$18,500,000   (1 sale)	$8,133,333   (3 sales)	$8,700,000 (2 sales)	$7,259,200 (2 sales)	(0 sales)	$7,250,000 (2 sales)

 

Statistical Market Analysis: Pines

Status	# Listings	List Volume	Sold Volume		List Price	Sold Price	Sale/List Price	Total SqFt	List Price Per Total SqFt	Sold Price Per Total SqFt	Days On Market
Closed	20	184,809,000	163,055,500	Low Avg High	4,750,000 9,240,450 19,750,000	3,950,000 8,152,775 16,000,000	0.77 0.89 1.00	5,328 5,892 8,812	875.58 1,553.14 2,241.26	728.11 1,373.91 2,158.41	41 328 1,177
Overall	20	184,809,000	163,055,500	Low Avg High	4,750,000 9,240,450 19,750,000	3,950,000 8,152,775 16,000,000	0.77 0.89 1.00	5,328 5,892 8,812	875.58 1,553.14 2,241.26	728.11 1,373.91 2,158.41	41 328 1,177

 

Statistical Market Analysis: Two Creeks

Status	# Listings	List Volume	Sold Volume		List Price	Sold Price	Sale/List Price	Total SqFt	List Price Per Total SqFt	Sold Price Per Total SqFt	Days On Market
Closed	16	158,955,000	144,163,400	Low Avg High	5,950,000 9,934,688 19,995,000	5,300,000 9,010,212 18,500,000	0.73 0.91 1.00	5,337 6,158 11,000	1,029.41 1,600.71 2,396.69	986.16 1,452.85 2,396.69	0 260 601
Overall	16	158,955,000	144,163,400	Low Avg High	5,950,000 9,934,688 19,995,000	5,300,000 9,010,212 18,500,000	0.73 0.91 1.00	5,337 6,158 11,000	1,029.41 1,600.71 2,396.69	986.16 1,452.85 2,396.69	0 260 601

 

Statistical Market Analysis: Owl Creek Townhomes

Status	# Listings	List Volume	Sold Volume		List Price	Sold Price	Sale/List Price	Total SqFt	List Price Per Total SqFt	Sold Price Per Total SqFt	Days On Market
Closed	10	45,650,000	41,965,000	Low Avg High	3,450,000 4,565,000 5,695,000	3,195,000 4,196,500 5,447,500	0.72 0.92 1.00	3,634 3,794 3,862	893.32 1,205.56 1,474.62	827.29 1,108.99 1,417.17	62 179 403
Overall	10	45,650,000	41,965,000	Low Avg High	3,450,000 4,565,000 5,695,000	3,195,000 4,196,500 5,447,500	0.72 0.92 1.00	3,634 3,794 3,862	893.32 1,205.56 1,474.62	827.29 1,108.99 1,417.17	62 179 403