Snowmass Village, Colorado:  Today, Erik Cavarra highlights recent NEW Lot Listings in Snowmass Village.  Lots are being purchased in the name of an LLC, purchased for lower prices, and then re-listed at higher prices.  Here’s a look at a few:

CMA: Comparable Properties: Active / New Listings

		125004		137035		137075
		841 Serviceberry Snowmass Village CO		180 Saddleback Lane Snowmass Village CO		Tbd Spur Ridge Road Snowmass Village CO
List Price		$6,995,000		$1,785,000		$1,600,000
Original List Price		$7,900,000		$1,785,000		$160,000
Sold Price
Status		Active		Active		Active
Status Date		04/11/2012		12/16/2014		12/19/2014
Days on Market		1003		22		20
Lot Size		65,001 – 86,000		43,001 – 65,000		Refer to Acreage
Nbr of Acres		1.83		1.34		0.62
Seller Concessions
Price		$6,995,000		$1,785,000		$1,600,000

CMA: Comparable Properti

		137081		137195
		47 Mustang Circle Snowmass Village CO		Tbd Two Creeks Snowmass Village CO
List Price		$1,400,000		$4,000,000
Original List Price		$1,400,000		$4,000,000
Sold Price
Status		Active		Active
Status Date		12/19/2014		01/06/2015
Days on Market		19		4
Lot Size		12,001 – 22,000		43,001 – 65,000
Nbr of Acres		0.32		1.16
Seller Concessions
Price		$1,400,000		$4,000,000

rice Analysis

Summary of Active Listings MLS # Address Orig. List Price DOM List Price Total Adjustments Adjusted Price 137081 47 Mustang Circle, Snowmass Village CO $1,400,000 19 $1,400,000 – $1,400,000 137035 180 Saddleback Lane, Snowmass Village CO $1,785,000 22 $1,785,000 – $1,785,000 125004 841 Serviceberry, Snowmass Village CO $7,900,000 1003 $6,995,000 – $6,995,000 137075 Tbd Spur Ridge Road, Snowmass Village CO $160,000 20 $1,600,000 – $1,600,000 137195 Tbd Two Creeks, Snowmass Village CO $4,000,000 4 $4,000,000 – $4,000,000

Low, Average, Median, and High Comparisons   Active Overall Low $1,400,000 $1,400,000 Average $3,156,000 $3,156,000 Median $1,785,000 $1,785,000 High $6,995,000 $6,995,000

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 Active 5 15,780,000 3,156,000 0 0 0.00 1 3,111,682.99 0.00 214 Overall 5 15,780,000 3,156,000 0 0 0.00 1 3,111,682.99 0.00 214

CMA: Comparable Properties

		137195		137035		137075
		Tbd Two Creeks Snowmass Village CO		180 Saddleback Lane Snowmass Village CO		Tbd Spur Ridge Road Snowmass Village CO
List Price		$4,000,000		$1,785,000		$1,600,000
Original List Price		$4,000,000		$1,785,000		$160,000
Sold Price
Status		Active		Active		Active
Status Date		01/06/2015		12/16/2014		12/19/2014
Days on Market		4		22		20
Lot Size		43,001 – 65,000		43,001 – 65,000		Refer to Acreage
Nbr of Acres		1.16		1.34		0.62
Seller Concessions
Price		$4,000,000		$1,785,000		$1,600,000

CMA: Comparable Properties: SOLD LISTINGS

		137081		137176		135433
		47 Mustang Circle Snowmass Village CO		345 Branding Lane Snowmass Village CO		180 Saddleback Lot 59 Lane Snowmass Village CO
List Price		$1,400,000		$1,150,000		$1,395,000
Original List Price		$1,400,000		$1,150,000		$1,395,000
Sold Price				$1,150,000		$1,285,000
Status		Active		Sold		Sold
Status Date		12/19/2014		01/05/2015		11/14/2014
Days on Market		19		73		113
Lot Size		12,001 – 22,000		Refer to Acreage		43,001 – 65,000
Nbr of Acres		0.32		0.58		1.34
Seller Concessions				No		No
Price		$1,400,000		$1,150,000		$1,285,000

 

CMA: Comparable Properties

		123847		134027		135157
		Tbd Two Creeks Drive Snowmass Village CO		47 Mustang #90 Circle Snowmass Village CO		Tbd Spur Ridge Snowmass Village CO
List Price		$4,650,000		$995,000		$1,350,000
Original List Price		$4,650,000		$1,150,000		$1,350,000
Sold Price		$3,500,000		$900,000		$1,100,000
Status		Sold		Sold		Sold
Status Date		12/31/2014		10/20/2014		11/25/2014
Days on Market		1090		178		159
Lot Size		43,001 – 65,000		12,001 – 22,000		Refer to Acreage
Nbr of Acres		1.16		0.32		0.62
Seller Concessions		No		No		No
Price		$3,500,000		$900,000		$1,100,000

CMA: Statistical Summary: Sold Listings

Price Analysis

Summary of Closed Listings MLS # Address List Price DOM Sold Date Sold Price Total Adjustments Adjusted Price 137176 345 Branding Lane, Snowmass Village CO $1,150,000 73 01/05/2015 $1,150,000 – $1,150,000 134027 47 Mustang Circle #90, Snowmass Village CO $995,000 178 10/20/2014 $900,000 – $900,000 135433 180 Saddleback Lane Lot 59, Snowmass Village CO $1,395,000 113 11/13/2014 $1,285,000 – $1,285,000 135157 Tbd Spur Ridge, Snowmass Village CO $1,350,000 159 11/25/2014 $1,100,000 – $1,100,000 123847 Tbd Two Creeks Drive, Snowmass Village CO $4,650,000 1090 12/30/2014 $3,500,000 – $3,500,000

Summary of Active Listings MLS # Address Orig. List Price DOM List Price Total Adjustments Adjusted Price 137081 47 Mustang Circle, Snowmass Village CO $1,400,000 19 $1,400,000 – $1,400,000 137035 180 Saddleback Lane, Snowmass Village CO $1,785,000 22 $1,785,000 – $1,785,000 137075 Tbd Spur Ridge Road, Snowmass Village CO $160,000 20 $1,600,000 – $1,600,000 137195 Tbd Two Creeks, Snowmass Village CO $4,000,000 4 $4,000,000 – $4,000,000

Low, Average, Median, and High Comparisons Closed Active Overall Low $900,000 $1,400,000 $900,000 Average $1,587,000 $2,196,250 $1,857,778 Median $1,150,000 $1,692,500 $1,400,000 High $3,500,000 $4,000,000 $4,000,000

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 5 9,540,000 1,908,000 7,935,000 1,587,000 0.88 1 2,463,843.69 2,109,129.75 323 Active 4 8,785,000 2,196,250 0 0 0.00 1 2,934,002.64 0.00 16 Overall 9 18,325,000 2,036,111 7,935,000 1,587,000 0.88 1 2,672,803.22 2,109,129.75 186