Snowmass Village: The Frontier has returned: Lot Sales in Snowmass Village, CO have increased

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Snowmass Village, Colorado: It’s been a strong year for Real Estate in the Roaring Fork Valley, especially within the Aspen and Snowmass Village areas which has seen an increase of the number of sales during the last year.  This increase is evidenced with Single Family Lot Sales.  (16) Sales during the last year has sparked a buying a freenzy.

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
Closed 16 25,102,000 21,881,000 Low
Avg
High		 749,000
1,568,875
3,600,000		 695,000
1,367,562
3,600,000		 0.47
0.88
1.07		 0
5
66		 22,727.27
1,699,106.70
3,913,043.48		 10,606.06
1,580,866.45
3,913,043.48		 9
359
1,113
CMA: Comparable Properties
  121652 120783 125226
 
2735 Brush Road Creek 
Snowmass Village CO		 Tbd Oak Ridge Road 
Snowmass Village CO		 86 Saddleback Lane 
Snowmass Village CO
List Price $1,500,000 $2,495,000 $1,350,000
Original List Price $1,500,000 $2,495,000 $1,350,000
Sold Price $700,000 $1,725,000 $1,265,000
Status Sold Sold Sold
Status Date 11/01/2013 05/16/2014 10/30/2013
Days on Market 857 1113 553
       
Lot Size Refer to Acreage Refer to Acreage 43,001 – 65,000
Nbr of Acres 66.00 4.48 1.08
Seller Concessions No No No
Price $700,000 $1,725,000 $1,265,000

 

CMA: Comparable Properties
125249 125251 127299
 
357 Gambel (Lot 17) Way 
Snowmass Village CO		 15 Turkey Trot (Lot 8) Court 
Snowmass Village CO		 Tbd Two Creeks Drive 
Snowmass Village CO
List Price $825,000 $1,695,000 $3,500,000
Original List Price $799,000 $1,695,000 $3,990,000
Sold Price $800,000 $1,400,000 $3,075,000
Status Sold Sold Sold
Status Date 08/29/2014 10/25/2013 03/19/2014
Days on Market 849 542 546
       
Lot Size 12,001 – 22,000 43,001 – 65,000 Refer to Acreage
Nbr of Acres 0.39 1.30 2.84
Seller Concessions No No No
Price $800,000 $1,400,000 $3,075,000

 

CMA: Comparable Properties
130034 130340 130896
 
350 Gambel Lot 1 Way 
Snowmass Village CO		 237 Gambel Lot 13 Way 
Snowmass Village CO		 Tbd Faraway Road 
Snowmass Village CO
List Price $995,000 $749,000 $1,499,000
Original List Price $945,000 $695,000 $1,499,000
Sold Price $925,000 $695,000 $1,300,000
Status Sold Sold Sold
Status Date 02/19/2014 02/05/2014 11/26/2013
Days on Market 264 236 130
       
Lot Size 12,001 – 22,000 12,001 – 22,000 43,001 – 65,000
Nbr of Acres 0.50 0.32 1.13
Seller Concessions No No No
Price $925,000 $695,000 $1,300,000

 

CMA: Comparable Properties
131009 133095 134027
 
278 Gambel (Lot 4) Way 
Snowmass Village CO		 71 Spruce Ridge 
Snowmass Village CO		 47 Mustang #90 Circle 
Snowmass Village CO
List Price $975,000 $3,600,000 $995,000
Original List Price $975,000 $3,600,000 $1,150,000
Sold Price $915,000 $3,600,000 $900,000
Status Sold Sold Sold
Status Date 04/11/2014 02/27/2014 10/20/2014
Days on Market 255 21 178
       
Lot Size 12,001 – 22,000 32,001 – 43,000 12,001 – 22,000
Nbr of Acres 0.49 0.92 0.32
Seller Concessions No No No
Price $915,000 $3,600,000 $900,000

 

CMA: Comparable Properties
  134146 134976 135335
 
919 Fox Run Drive 
Snowmass Village CO		 132 Bridle Path Lane 
Snowmass Village CO		 300 Gambel (Lot 3) Way 
Snowmass Village CO
List Price $979,000 $1,295,000 $850,000
Original List Price $747,000 $1,295,000 $850,000
Sold Price $1,051,000 $1,250,000 $830,000
Status Sold Sold Sold
Status Date 07/01/2014 08/05/2014 07/16/2014
Days on Market 50 52 92
       
Lot Size 32,001 – 43,000 32,001 – 43,000 12,001 – 22,000
Nbr of Acres 0.86 0.90 0.41
Seller Concessions No No Yes
Price $1,051,000 $1,250,000 $830,000

CMA: Comparable Properties
136327    
 
 
 
15 Turkey Trot Court 
Snowmass Village CO		    
List Price $1,800,000    
Original List Price $1,800,000    
Sold Price $1,450,000    
Status Sold    
Status Date 10/21/2014    
Days on Market 9    
       
Lot Size 43,001 – 65,000    
Nbr of Acres 1.30    
Seller Concessions No    
Price $1,450,000    

CMA: Statistical Summary

Price Analysis
Summary of Closed Listings
MLS # Address List Price DOM Sold Date Sold Price Total Adjustments Adjusted Price
134976 132 Bridle Path Lane, Snowmass Village CO $1,295,000 52 08/05/2014 $1,250,000 – $1,250,000
121652 2735 Brush Creek Road, Snowmass Village CO $1,500,000 857 10/24/2013 $700,000 – $700,000
130896 Tbd Faraway Road, Snowmass Village CO $1,499,000 130 11/26/2013 $1,300,000 – $1,300,000
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
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
125226 86 Saddleback Lane, Snowmass Village CO $1,350,000 553 10/30/2013 $1,265,000 – $1,265,000
133095 71 Spruce Ridge, Snowmass Village CO $3,600,000 21 02/27/2014 $3,600,000 – $3,600,000
136327 15 Turkey Trot Court, Snowmass Village CO $1,800,000 9 10/16/2014 $1,450,000 – $1,450,000
125251 15 Turkey Trot Court (Lot 8), Snowmass Village CO $1,695,000 542 10/25/2013 $1,400,000 – $1,400,000
127299 Tbd Two Creeks Drive, Snowmass Village CO $3,500,000 546 03/19/2014 $3,075,000 – $3,075,000
Low, Average, Median, and High Comparisons
Closed Overall
Low $695,000 $695,000
Average $1,367,562 $1,367,562
Median $1,150,500 $1,150,500
High $3,600,000 $3,600,000
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 16 25,102,000 1,568,875 21,881,000 1,367,562 0.88 5 1,699,106.70 1,580,866.45 359
Overall 16 25,102,000 1,568,875 21,881,000 1,367,562 0.88 5 1,699,106.70 1,580,866.45 359

 

Current Statistics: Snowmass Village

  • 58 Single Family Homes on the Market: 4 Homes Under Contract
  • 160 Condos on the Market: 3 Condos Under Contract
  • General Market: Sales Year to Date
    • 57 Single Family Homes Sold in 2013/14 compared to 26 in 2012/13, & 23 in 2011/12
      • Single Family Home Sales 2010/11: 21
      • Single Family Home Sales 2009/10: 22
    • 205 Condos Sold in 2013/14 compared to 89 in 2012/13, & 51 in 2011/12
      • Condo Sales 2010/11: 34
      • Condo Sales 2009/10: 24

Current Statistics: Aspen (West End, Red Mtn, Central Core, East Aspen, Smuggler)

  • 147 Single Family Homes on the Market: 23 Homes Under Contract
  • 157 Condos on the Market: 37 Condos Under Contract
  • General Market: Sales Year to Date
    • 137 Single Family Homes Sold in 2013/14 compared to 80 in 2012/13, & 71 in 2011/12
      • Single Family Home Sales 2010/11: 70
      • Single Family Home Sales 2009/10: 51
    • 226 Condos Sold in 2013/14 compared to 120 in 2012/13, & 108 in 2011/12
      • Condo Sales 2010/11: 94
      • Condo Sales 2009/10: 82

 

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Erik Cavarra

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