Land Sales in Snowmass Village: Market Watch

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Snowmass Village, Colorado:  Today, Erik Cavarra outlines the Land Market within the Snowmass Village Area.  As prices abound, and more sales occur, the focus seems to be on Base Village and the new approvals, but don’t forget the Land says Erik Cavarra, who has been involved in several transactions this year.  Overall, there have been over 17 Sales with 2 Lots Currently Pending within the Two Creeks area.

As the Winter Season approaches, it’s a great time for Buyers to consider buying land and building.

 

Statistical Market Analysis

Status # Listings List Volume Sold Volume List Price Sold Price Sale/List Price Nbr of Acres List Price Per Nbr of Acres Sold Price Per Nbr of Acres Days On Market
Pending 2 9,900,000 0 Low
Avg
High		 4,650,000
4,950,000
5,250,000		 0
0
0		 0.00
0.00
0.00		 1
2
2		 2,548,543.69
3,278,582.19
4,008,620.69		 0.00
0.00
0.00		 867
964
1,062
Closed 17 26,247,999 23,226,000 Low
Avg
High		 699,999
1,544,000
3,600,000		 625,000
1,366,235
3,600,000		 0.69
0.90
1.07		 0
1
4		 556,919.64
1,890,931.12
3,913,043.48		 385,044.64
1,718,995.47
3,913,043.48		 9
452
2,180
Overall 19 36,147,999 23,226,000 Low
Avg
High		 699,999
1,902,526
5,250,000		 625,000
1,366,235
3,600,000		 0.69
0.90
1.07		 0
1
4		 556,919.64
2,036,999.66
4,008,620.69		 385,044.64
1,718,995.47
3,913,043.48		 9
506
2,180 
CMA: Comparable Properties
119571 108416 135433
 
23 Meadow Lane
Snowmass Village CO		 – 719 Edgewood
Snowmass Village CO		 180 Saddleback Lot 59 Lane
Snowmass Village CO
List Price $699,999 $1,995,000 $1,395,000
Original List Price $975,000 $3,995,000 $1,395,000
Sold Price $625,000 $1,600,000 $1,285,000
Status Sold Sold Sold
Status Date 11/03/2014 11/13/2014 11/14/2014
Days on Market 1367 2180 113
       
Lot Size 32,001 – 43,000 32,001 – 43,000 43,001 – 65,000
Nbr of Acres 0.77 0.81 1.34
Seller Concessions No No No
Price $625,000 $1,600,000 $1,285,000

 

CMA: Comparable Properties
120783 125249 127299
 
Tbd Oak Ridge Road 
Snowmass Village CO		 357 Gambel (Lot 17) Way 
Snowmass Village CO		 Tbd Two Creeks Drive 
Snowmass Village CO
List Price $2,495,000 $825,000 $3,500,000
Original List Price $2,495,000 $799,000 $3,990,000
Sold Price $1,725,000 $800,000 $3,075,000
Status Sold Sold Sold
Status Date 05/16/2014 08/29/2014 03/19/2014
Days on Market 1113 849 546
       
Lot Size Refer to Acreage 12,001 – 22,000 Refer to Acreage
Nbr of Acres 4.48 0.39 2.84
Seller Concessions No No No
Price $1,725,000 $800,000 $3,075,000

 

CMA: Comparable Properties
  130034 130340 131009
 
350 Gambel Lot 1 Way 
Snowmass Village CO		 237 Gambel Lot 13 Way 
Snowmass Village CO		 278 Gambel (Lot 4) Way 
Snowmass Village CO
List Price $995,000 $749,000 $975,000
Original List Price $945,000 $695,000 $975,000
Sold Price $925,000 $695,000 $915,000
Status Sold Sold Sold
Status Date 02/19/2014 02/05/2014 04/11/2014
Days on Market 264 236 255
       
Lot Size 12,001 – 22,000 12,001 – 22,000 12,001 – 22,000
Nbr of Acres 0.50 0.32 0.49
Seller Concessions No No No
Price $925,000 $695,000 $915,000

 

CMA: Comparable Properties
  133095 134005 134027
 
71 Spruce Ridge 
Snowmass Village CO		 1005 Wood Road 
Snowmass Village CO		 47 Mustang #90 Circle 
Snowmass Village CO
List Price $3,600,000 $1,750,000 $995,000
Original List Price $3,600,000 $1,850,000 $1,150,000
Sold Price $3,600,000 $1,400,000 $900,000
Status Sold Sold Sold
Status Date 02/27/2014 11/21/2014 10/20/2014
Days on Market 21 205 178
       
Lot Size 32,001 – 43,000 32,001 – 43,000 12,001 – 22,000
Nbr of Acres 0.92 0.77 0.32
Seller Concessions No No No
Price $3,600,000 $1,400,000 $900,000

 

CMA: Comparable Properties
  134146 134976 135157
 
919 Fox Run Drive 
Snowmass Village CO		 132 Bridle Path Lane 
Snowmass Village CO		 Tbd Spur Ridge 
Snowmass Village CO
List Price $979,000 $1,295,000 $1,350,000
Original List Price $747,000 $1,295,000 $1,350,000
Sold Price $1,051,000 $1,250,000 $1,100,000
Status Sold Sold Sold
Status Date 07/01/2014 08/05/2014 11/25/2014
Days on Market 50 52 159
       
Lot Size 32,001 – 43,000 32,001 – 43,000 Refer to Acreage
Nbr of Acres 0.86 0.90 0.62
Seller Concessions No No No
Price $1,051,000 $1,250,000 $1,100,000

 

CMA: Comparable Properties
  135335 136327 126481
 
300 Gambel (Lot 3) Way 
Snowmass Village CO		 15 Turkey Trot Court 
Snowmass Village CO		 151 Blue Spruce Lane 
Snowmass Village CO
List Price $850,000 $1,800,000 $5,250,000
Original List Price $850,000 $1,800,000 $5,250,000
Sold Price $830,000 $1,450,000  
Status Sold Sold Pending
Status Date 07/16/2014 10/21/2014 10/15/2014
Days on Market 92 9 867
       
Lot Size 12,001 – 22,000 43,001 – 65,000 Refer to Acreage
Nbr of Acres 0.41 1.30 2.06
Seller Concessions Yes No  
Price $830,000 $1,450,000 $5,250,000

 

CMA: Comparable Properties
  123847    
 
 
 
Tbd Two Creeks Drive 
Snowmass Village CO		    
List Price $4,650,000    
Original List Price $4,650,000    
Sold Price      
Status Pending    
Status Date 12/01/2014    
Days on Market 1062    
       
Lot Size 43,001 – 65,000    
Nbr of Acres 1.16    
Seller Concessions      
Price $4,650,000    

 

 

CMA: Statistical Summary

 

Price Analysis
Summary of Closed Listings
MLS # Address List Price DOM Sold Date Sold Price Total Adjustments Adjusted Price
108416 – 719 Edgewood, Snowmass Village CO $1,995,000 2180 11/13/2014 $1,600,000 – $1,600,000
134976 132 Bridle Path Lane, Snowmass Village CO $1,295,000 52 08/05/2014 $1,250,000 – $1,250,000
134146 919 Fox Run Drive, Snowmass Village CO $979,000 50 06/27/2014 $1,051,000 – $1,051,000
130340 237 Gambel Way Lot 13, Snowmass Village CO $749,000 236 02/05/2014 $695,000 – $695,000
125249 357 Gambel Way (Lot 17), Snowmass Village CO $825,000 849 08/28/2014 $800,000 – $800,000
135335 300 Gambel Way (Lot 3), Snowmass Village CO $850,000 92 07/16/2014 $830,000 – $830,000
131009 278 Gambel Way (Lot 4), Snowmass Village CO $975,000 255 04/11/2014 $915,000 – $915,000
130034 350 Gambel Way Lot 1, Snowmass Village CO $995,000 264 02/18/2014 $925,000 – $925,000
119571 23 Meadow Lane, Snowmass Village CO $699,999 1367 10/23/2014 $625,000 – $625,000
134027 47 Mustang Circle #90, Snowmass Village CO $995,000 178 10/20/2014 $900,000 – $900,000
120783 Tbd Oak Ridge Road, Snowmass Village CO $2,495,000 1113 05/16/2014 $1,725,000 – $1,725,000
135433 180 Saddleback Lane Lot 59, Snowmass Village CO $1,395,000 113 11/13/2014 $1,285,000 – $1,285,000
133095 71 Spruce Ridge, Snowmass Village CO $3,600,000 21 02/27/2014 $3,600,000 – $3,600,000
135157 Tbd Spur Ridge, Snowmass Village CO $1,350,000 159 11/25/2014 $1,100,000 – $1,100,000
136327 15 Turkey Trot Court, Snowmass Village CO $1,800,000 9 10/16/2014 $1,450,000 – $1,450,000
127299 Tbd Two Creeks Drive, Snowmass Village CO $3,500,000 546 03/19/2014 $3,075,000 – $3,075,000
134005 1005 Wood Road, Snowmass Village CO $1,750,000 205 11/21/2014 $1,400,000 – $1,400,000
Summary of Pending Listings
MLS # Address Orig. List Price DOM List Price Total Adjustments Adjusted Price
126481 151 Blue Spruce Lane, Snowmass Village CO $5,250,000 867 $5,250,000 – $5,250,000
123847 Tbd Two Creeks Drive, Snowmass Village CO $4,650,000 1062 $4,650,000 – $4,650,000
Low, Average, Median, and High Comparisons
Closed Pending Overall
Low $625,000 $4,650,000 $625,000
Average $1,366,235 $4,950,000 $1,743,474
Median $1,100,000 $4,950,000 $1,250,000
High $3,600,000 $5,250,000 $5,250,000
Overall Market Analysis (Unadjusted)
Status # List Vol. Avg. List Price Sold Vol. Avg. Sold Price Avg. Sale/List Price Avg. Nbr of Acres Avg. List $/Nbr of Acres Avg. Sold $/Nbr of Acres Avg. Dom
Closed 17 26,247,999 1,544,000 23,226,000 1,366,235 0.90 1 1,890,931.12 1,718,995.47 452
Pending 2 9,900,000 4,950,000 0 0 0.00 2 3,278,582.19 0.00 964
Overall 19 36,147,999 1,902,526 23,226,000 1,366,235 0.90 1 2,036,999.66 1,718,995.47 506

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Erik Cavarra

(970) 923-0817 Office|(970) 618-9733 Cell
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