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MARKET REPORT Klug Properties | Fourth Quarter 2019 [email protected] /klugproperties @klugproperties /klugproperties /klugproperties Chris Klug 970.948.7055 776Divide.com
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Page 1: Klug Properties | Fourth Quarter 2019 MARKET REPORT · Prepared by Chris J. Klug Total pending volume for all property types was $200 million from Aspen to Old Snowmass at the end

MARKET REPORTKlug Properties | Fourth Quarter 2019

C h r i s @ K l u g P ro p e r t i e s .c o m / k l u g p ro p e r t i e s @ k l u g p ro p e r t i e s / k l u g p ro p e r t i e s / k l u g p ro p e r t i e s

Chris Klug 970.948.7055

776Divide.com

Page 2: Klug Properties | Fourth Quarter 2019 MARKET REPORT · Prepared by Chris J. Klug Total pending volume for all property types was $200 million from Aspen to Old Snowmass at the end

Happy New Year from Aspen! I hope you had a wonderful holiday and are off to a great start to 2020. I’m excited to share my 2019 Aspen

Snowmass Market Summary with you. Overall 2019 was a strong year for Aspen Snowmass Real Estate; I’ve

got lots of positive numbers to report! Dollar volume for single-family homes in Aspen increased almost 37%

from 2018 while average sold price went up by almost a million dollars to $7.589 million, only second to 2017.

There were 19% more single-family transactions in 2019. Average sold $/SF increased as well from $1,463

to $1,481 a sq. ft. for Aspen single-family homes. There were 27 sales in Aspen over $10 million compared

to 19 last year and four $20 million plus Aspen sales versus just one in 2018. December activity was strong

for Aspen single-family homes with 8 transactions totaling $64.6 million. Average days on market for As-

pen single-family homes at 304 days was about the same as in 2018 at 294 days. Remember we have a very

pronounced off-season in spring and fall when the lifts close and before they fire up again and an active

Klug Properties | Fourth Quarter 2019

MARKET SUMMARY

Informat ion is deemed to be re l iable but is not guaranteed. © 2016 MLS and FBS .• Prepared by Chr is J. K lug

C h r i s @ K l u g P ro p e r t i e s .c o m / k l u g p ro p e r t i e s @ k l u g p ro p e r t i e s / k l u g p ro p e r t i e s / k l u g p ro p e r t i e s

Chris Klug 970.948.7055

Page 3: Klug Properties | Fourth Quarter 2019 MARKET REPORT · Prepared by Chris J. Klug Total pending volume for all property types was $200 million from Aspen to Old Snowmass at the end

Klug Properties | Fourth Quarter 2019

MARKET SUMMARYKlug Properties | Fourth Quarter 2019

MARKET SUMMARY

Informat ion is deemed to be re l iable but is not guaranteed. © 2016 MLS and FBS .• Prepared by Chr is J. K lug

summer and winter selling season – it’s the cyclic nature of our destination resort tourism economy. Aspen

single-family inventory stayed virtually the same the last three years with 144 homes listed at the end of 2019

compared to 146 in 2018 and 2017. There’s about a 1-year supply of Aspen single-family inventory priced be-

low $10 million, a 3-year supply over $10 million, and a 6.5-year supply over $20 million today.

Aspen condo total sold volume decreased from $376 million in 2018 to $331 million in 2019 while average

Aspen condo sold price also decreased from $2.66 million to $2.35 million. Aspen condo avg. sold $/SF of

$1,573 is an all-time high, about a 3.5% increase over 2018. There were 141 Aspen condo transactions in

2019, exactly the same number as in 2018. However, the dollar volume decreased 12%. 100 Aspen condos

were listed at the end of 2019 totaling $517.4 million versus 118 totaling $574 million in 2018. Average days

on market for Aspen condos in 2019 was 237 days versus 289 in 2018. Average sale/list for the 141 condos

sold in 2018 and 2019 went from 94% in 2018 to 95% in 2019. Downtown core condos traded on average for

$1,822 sold $/SF, up from $1,743 in 2018 while days on market decreased from 297 in 2018 to 219 in 2019.

There’s a 9-month supply overall of Aspen condos available today. There is a 9.3-month supply of downtown

core condos available today. 87 downtown Aspen core condos sold last year with One Aspen #14 on S. Aspen

St. as the highest sale at $14.44 million followed by #10 at $13.4 million.

Snowmass saw the biggest change in our market with single-family sold volume almost returning to

2007/2008 levels totaling $197.5 million versus $134.4 in 2018, a 47% increase. Average Snowmass sin-

gle-family sold price was $4 million in 2019 compared to $3.1 million in 2018, a 29% increase. Six more

single-family transactions took place in 2019 in Snowmass, a 14% increase. Average Snowmass single-family

sold $/SF also shot up from $758 in 2018 to $911 in 2019, a 20% increase overall. There was one $10 million

plus sale in Pioneer Springs in 2019, the Paley property. Snowmass single-family days on market increased

from 302 in 2018 to 383 in 2019. 65 Snowmass Village single-family homes were listed at the end of 2019

compared to 80 in 2018 and 65 in 2017. No Snowmass Village single-family homes were pending sale at the

end of the year the past two years. 23 Snowmass Village single-family properties sold in 2019 priced below

$3 million with an average sold price of $1.918 million, 92% sale/list, $648 avg. sold $/SF, and 291 avg. days

on market – this was the most active segment of the Snowmass SF market.

Sold volume of Snowmass condos saw a modest 3% uptick from $135.1 million in 2018 to $139.5 million in 2019.

Average Snowmass condo sold price increased 25% from $871,864 in 2018 to $1,090,141 in 2019. Still off of the

peak for Snowmass condos in 2007 of $1,380,276, but the strongest we’ve seen in ten years! Same story for

average sold $/SF for Snowmass condos of $791 – the best we’ve seen since 2008 when it was $1,048. New Base

Village condo sales had a lot to do with these numbers with Limelight Snowmass almost completely sold out, only

3-bedroom unit 433 remains from original developer inventory, and One Snowmass East and West are selling this

winter! There were 131 Snowmass Village condos listed at the end of 2019, slightly down from 139 in 2018.

C h r i s @ K l u g P ro p e r t i e s .c o m / k l u g p ro p e r t i e s @ k l u g p ro p e r t i e s / k l u g p ro p e r t i e s / k l u g p ro p e r t i e s

Chris Klug 970.948.7055

Page 4: Klug Properties | Fourth Quarter 2019 MARKET REPORT · Prepared by Chris J. Klug Total pending volume for all property types was $200 million from Aspen to Old Snowmass at the end

Klug Properties | Fourth Quarter 2019

MARKET SUMMARY

Informat ion is deemed to be re l iable but is not guaranteed. © 2016 MLS and FBS .• Prepared by Chr is J. K lug

Total pending volume for all property types was $200 million from Aspen to Old Snowmass at the end of

2019 in contrast to $233 million at the end of 2018 and $289 million at the conclusion of 2017. Aspen to Old

Snowmass had $3.72 billion listed of all property types at the end of 2019 compared to $3.66 billion in 2018

and $3.397 in 2017.

The holiday was the busiest I’ve seen in a decade for showing activity; typically, it’s not that crazy this time of

year - at least in terms of showings. Great snow combined with a strong economy and a 11-year bull market in

equities are all helping. We’re excited to be closing MeanwhileRanchAspen.com to kick-off 2020. We already

have almost $20 million under contract to start 2020. 1011 Ute Ave. just sold for $22 million off market pur-

chased directly from the lender, which was previously listed for $35 million. 931 N. Hayden in Castle Creek

Valley in West Aspen also just sold for $7.33 million after being listed since 2012 starting at twice the sale

price. I think this suggests there’s some deals to be had at the upper end of the market and lots of choices

available today, especially if they have some hair on them i.e. deferred maintenance or in need of updating

or outside of the bullseye of the downtown core, W. End and lower Red Mtn. Buyers are realizing the value

in Snowmass Village with East West, ASC, and KSL’s big Base Village investment, and the Town Center and

Snowmass Club redevelopment/remodel probably in the next two years. I’m very bullish on the future of

Snowmass Village. New product with open concept floor plans, clean contemporary finishes, and walkability

and convenience continue to demand a premium across our market. Yesterday’s mountain traditional look

located on the periphery offer opportunities as well as more dated $4 million plus priced properties in

Snowmass Village.

I was a little apprehensive about 2020 being an election year, but we’re off to a great start with the best win-

ter selling months ahead of us! I know some of our metro feeder markets are softening, which has a lot to do

with over development, over taxation, and the loss of international buyers in some cases. That’s not the sit-

uation here with limited supply and lots of demand for properties that check all of the boxes in a very special

mountain community surrounded by U.S.F.S land with big city culture and culinary opportunities and a strong

local voice concerned about future growth and development. I’m not seeing any indication at this time things

are slowing dramatically in Aspen Snowmass, but there are plenty of choices at the top of the market today.

I study the market every day and am here full-time, ready to help you. Please call or email anytime to discuss

the market in more detail together, or if you’d like a complimentary in-depth analysis of your home’s value

today. I hope my 2019 Market Report is a helpful resource. Wishing you a fun winter season ahead. I hope to

connect and help you in 2020.

Chris Klug

C h r i s @ K l u g P ro p e r t i e s .c o m / k l u g p ro p e r t i e s @ k l u g p ro p e r t i e s / k l u g p ro p e r t i e s / k l u g p ro p e r t i e s

Chris Klug 970.948.7055

Page 5: Klug Properties | Fourth Quarter 2019 MARKET REPORT · Prepared by Chris J. Klug Total pending volume for all property types was $200 million from Aspen to Old Snowmass at the end

Klug Properties | Fourth Quarter 2019

MARKET SUMMARYKlug Properties | Fourth Quarter 2019

MARKET REPORT

Informat ion is deemed to be re l iable but is not guaranteed. © 2016 MLS and FBS .• Prepared by Chr is J. K lug

2018 2019Downtown Core Downtown CoreSingle Family Homes Single Family Home 7 Prop er tie s Sold 9 Prop er tie s SoldAvg. Sold Pr ic e: $9,5 5 6,57 1 Avg. Sold Pr ic e: $9,0 3 5, 25 0Avg. Sold $/SF: $2,1 24 Avg. Sold $/SF: $2,173Avg. Days on Market: 323 Avg. Days on Market: 3 4 2

Downtown Core Downtown CoreCondos Condos9 0 Prop er tie s Sold 87 Prop er tie s Sold Avg. Sold Pr ic e: $2,692,6 6 3 Avg. Sold Pr ic e: $2, 23 4,727Avg. Sold Pr ic e/SF: $1,74 3 Avg. Sold Pr ic e/SF: $1,8 2 2Avg. Days on Market: 2 97 Avg. Days on Market: 219

East Aspen East AspenSingle Family Homes Single Family Homes9 Prop er tie s Sold 17 Prop er tie s SoldAvg. Sold Pr ic e: $5,97 7,7 78 Avg. Sold Pr ic e: $6,19 3, 251Avg. Sold $/SF: $1, 261 Avg. Sold $/SF: $1,5 0 8Avg. Days on Market: 41 1 Avg. Days on Market: 23 4

East Aspen East AspenCondos Condos6 Prop er tie s Sold 10 Prop er tie s SoldAvg. Sold Pr ic e: $2,4 6 3,817 Avg. Sold Pr ic e: $ 3,9 97,5 0 0Avg. Sold $/SF: $1,070 Avg. Sold $/SF: $1,3 41Avg. Days on Market: 301 Avg. Days on Market: 37 7

Red Mountain Red MountainSingle Family Homes Single Family Homes4 Prop er tie s Sold 5 Prop er tie s SoldAvg. Sold Pr ic e: $10,30 0,0 0 0 Avg. Sold Pr ic e: $10,69 9, 20 0Avg. Sold $/SF: $2,3 31 Avg. Sold $/SF: $1,70 8Avg. Days on Market: 3 3 5 Avg. Days on Market: 378

C h r i s @ K l u g P ro p e r t i e s .c o m / k l u g p ro p e r t i e s @ k l u g p ro p e r t i e s / k l u g p ro p e r t i e s / k l u g p ro p e r t i e s

Chris Klug 970.948.7055

Page 6: Klug Properties | Fourth Quarter 2019 MARKET REPORT · Prepared by Chris J. Klug Total pending volume for all property types was $200 million from Aspen to Old Snowmass at the end

Klug Properties | Fourth Quarter 2019

MARKET REPORT

Informat ion is deemed to be re l iable but is not guaranteed. © 2016 MLS and FBS .• Prepared by Chr is J. K lug

C h r i s @ K l u g P ro p e r t i e s .c o m / k l u g p ro p e r t i e s @ k l u g p ro p e r t i e s / k l u g p ro p e r t i e s / k l u g p ro p e r t i e s

Chris Klug 970.948.7055

2018 2019Smuggler SmugglerSingle-Family Homes Single-Family Homes1 2 Prop er tie s Sold 9 Prop er tie s Sold Avg. Sold Pr ic e: $5,870,4 5 8 Avg. Sold Pr ic e: $ 3,975,0 0 0Avg. Sold $/SF: $1,30 3 Avg. Sold $/SF: $923Avg. Days on Market: 230 Avg. Days on Market: 232

Smuggler SmugglerCondos Condos1 1 Prop er tie s Sold 1 2 Prop er tie s SoldAvg. Sold Pr ic e: $1,374,0 91 Avg. Sold Pr ic e: $1,30 4,417Avg. Sold $/SF: $9 4 4 Avg. Sold $/SF: $1,0 8 3Avg. Days on Market: 18 6 Avg. Days on Market: 2 24

West Aspen West AspenSingle-Family Homes Single-Family Homes20 Prop er tie s Sold 25 Prop er tie s SoldAvg. Sold Pr ic e: $5,3 5 0,9 4 0 Avg. Sold Pr ic e: $8,78 8,7 74Avg. Sold $/SF: $1, 20 8 Avg. Sold $/SF: $1, 217Avg. Days on Market: 28 2 Avg. Days on Market: 313

West Aspen West AspenCondos Condos18 Prop er tie s Sold 21 Prop er tie s SoldAvg. Sold Pr ic e: $ 3,0 6 6,417 Avg. Sold Pr ic e: $ 3,13 5,6 0 4Avg. Sold $/SF: $976 Avg. Sold $/SF: $1,079Avg. Days on Market: 28 4 Avg. Days on Market: 26 0

West End West EndSingle-Family Homes Single-Family Homes14 Prop er tie s Sold 18 Prop er tie s SoldAvg. Sold Pr ic e: $7,491,30 4 Avg. Sold Pr ic e: $7,9 47, 2 2 2Avg. Sold $/SF: $2,1 2 2 Avg. Sold $/SF: $2,019Avg. Days on Market: 19 9 Avg. Days on Market: 2 9 6

Page 7: Klug Properties | Fourth Quarter 2019 MARKET REPORT · Prepared by Chris J. Klug Total pending volume for all property types was $200 million from Aspen to Old Snowmass at the end

Klug Properties | Fourth Quarter 2019

MARKET REPORTKlug Properties | Fourth Quarter 2019

MARKET REPORT

C h r i s @ K l u g P ro p e r t i e s .c o m / k l u g p ro p e r t i e s @ k l u g p ro p e r t i e s / k l u g p ro p e r t i e s / k l u g p ro p e r t i e s

Chris Klug 970.948.7055

Informat ion is deemed to be re l iable but is not guaranteed. © 2016 MLS and FBS .• Prepared by Chr is J. K lug

2018 2019West End West EndCondos Condos16 Prop er tie s Sold 1 1 Prop er tie s SoldAvg. Sold Pr ic e: $ 3,0 4 2,4 3 8 Avg. Sold Pr ic e: $1,415, 217Avg. Sold $/SF: $1,4 4 2 Avg. Sold $/SF: $1,30 0Avg. Days on Market: 321 Avg. Days on Market: 2 20

McLain Flats McLain FlatsSingle-Family Homes Single-Family Homes9 Prop er tie s Sold 7 Prop er tie s SoldAvg. Sold Pr ic e: $5,5 6 5,02 2 Avg. Sold Pr ic e: $6,5 4 8,57 1Avg. Sold $/SF: $921 Avg. Sold $/SF: $74 2Avg. Days on Market: 397 Avg. Days on Market: 4 5 4

Snowmass Village Snowmass VillageSingle-Family Homes Single-Family Homes4 3 Prop er tie s Sold 49 Prop er tie s SoldAvg. Sold Pr ic e: $ 3,1 27,30 9 Avg. Sold Pr ic e: $4,0 31,8 89Avg. Sold $/SF: $75 8 Avg. Sold $/SF: $91 1Avg. Days on Market: 302 Avg. Days on Market: 3 8 3

Snowmass Village Snowmass VillageCondos Condos15 5 Prop er tie s Sold 1 28 Prop er tie s SoldAvg. Sold Pr ic e: $87 1,6 5 4 Avg. Sold Pr ic e: $1,0 9 0,141Avg. Sold $/SF: $6 89 Avg. Sold $/SF: $791Avg. Days on Market: 239 Avg. Days on Market: 27 1

Brush Creek Village Brush Creek VillageSingle Family Homes Single Family Homes5 Prop er tie s Sold 1 Prop er t y SoldAvg. Sold Pr ic e: $1,526,4 5 0 Avg. Sold Pr ic e: $2,8 25,0 0 0Avg. Sold $/SF: $5 05 Avg. Sold $/SF: $617Avg. Days on Market: 176 Avg. Days on Market: 1 1 1

Page 8: Klug Properties | Fourth Quarter 2019 MARKET REPORT · Prepared by Chris J. Klug Total pending volume for all property types was $200 million from Aspen to Old Snowmass at the end

Klug Properties | Fourth Quarter 2019

MARKET REPORT

C h r i s @ K l u g P ro p e r t i e s .c o m / k l u g p ro p e r t i e s @ k l u g p ro p e r t i e s / k l u g p ro p e r t i e s / k l u g p ro p e r t i e s

Chris Klug 970.948.7055

Informat ion is deemed to be re l iable but is not guaranteed. © 2016 MLS and FBS .• Prepared by Chr is J. K lug

2018 2019Woody Creek Woody CreekSingle Family Homes Single Family Homes10 Prop er tie s Sold 1 1 Prop er tie s SoldAvg. Sold Pr ic e: $4, 2 2 2,70 0 Avg. Sold Pr ic e: $1,4 62,4 5 5Avg. Sold $/SF: $7 19 Avg. Sold $/SF: $ 391Avg. Days on Market: 524 Avg. Days on Market: 376

Old Snowmass Old SnowmassSingle Family Homes Single Family Homes2 2 Prop er tie s Sold 13 Prop er tie s SoldAvg. Sold Pr ic e: $2,707,1 27 Avg. Sold Pr ic e: $2,30 6,07 7Avg. Sold $/SF: $7 14 Avg. Sold $/SF: $575Avg. Days on Market: 370 Avg. Days on Market: 25 4

Basalt BasaltSingle-Family Homes Single-Family Homes81 Prop er tie s Sold 78 Prop er tie s SoldAvg. Sold Pr ic e: $1, 25 3,79 8 Avg. Sold Pr ic e: $1,151, 28 5Avg. Sold $/SF: $4 52 Avg. Sold $/SF: $415Avg. Days on Market: 2 23 Avg. Days on Market: 15 8

Basalt BasaltCondos Condos 76 Prop er tie s Sold 89 Prop er tie s SoldAvg. Sold Pr ic e: $579,07 7 Avg. Sold Pr ic e: $6 4 6,615Avg. Sold $/SF: $4 3 3 Avg. Sold $/SF: $4 3 4Avg. Days on Market: 173 Avg. Days on Market: 189

Page 9: Klug Properties | Fourth Quarter 2019 MARKET REPORT · Prepared by Chris J. Klug Total pending volume for all property types was $200 million from Aspen to Old Snowmass at the end

$1,800

$1,700

$1,600

$1,500

$1,400

$1,300

$1,200

$1,100

$1,000

$900

$800

$700

$600

$500

$400

$300

$200

$100

0

$1,

299

$1,

050

$1,

075

$1,

116

$1,

103

$1,

176

$1,

389

$1,

344

$1,

463

$1,

481

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

$1,

360

$1,

132

$7,9

96,5

29

$1,

606

$1,

424

$900,000,000

$850,000,000

$800,000,000

$750,000,000

$700,000,000

$650,000,000

$600,000,000

$550,000,000

$500,000,000

$450,000,000

$400,000,000

$350,000,000

$300,000,000

$250,000,000

$200,000,000

$150,000,000

$100,000,000

$50,000,000

0

$63

1,19

9,61

2

$43

7,22

2,00

0

$51

5,57

1,000

$59

2,81

8,30

7

$46

9,32

1,53

1

$64

6,13

7,386

$80

5,96

8,77

3

$35

4,50

1,42

5

$49

4,32

3,75

2

$67

5,44

7,609

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

$39

6,93

7,425

$37

7,567

,711

$79

1,656

,371

C h r i s @ K l u g P ro p e r t i e s .c o m / k l u g p ro p e r t i e s @ k l u g p ro p e r t i e s / k l u g p ro p e r t i e s / k l u g p ro p e r t i e s

Chris Klug 970.948.7055

ASPEN Single-Family Sold Volume

ASPEN Single-Family Sold Price / Sq Ft

Informat ion is deemed to be re l iable but is not guaranteed. © 2016 MLS and FBS .• Prepared by Chr is J. K lug

Page 10: Klug Properties | Fourth Quarter 2019 MARKET REPORT · Prepared by Chris J. Klug Total pending volume for all property types was $200 million from Aspen to Old Snowmass at the end

$9,000,000

$8,500,000

$8,000,000

$7,500,000

$7,000,000

$6,500,000

$6,000,000

$5,500,000

$5,000,000

$4,500,000

$4,000,000

$3,500,000

$3,000,000

$2,500,000

$2,000,000

$1,500,000

$1,000,000

$500,000

0

$6,

249,

501

$6,

072,

528

$6,

365,

074

$6,

514,

487

$5,

214,

684

$6,

153,

689

$7,

394,

209

$6,

445,

480

$6,

590,

983

$7,

589,

299

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

$6,

615,

624

$6,

864,

867

$7,9

96,5

29

$7,

996,

529

ASPEN Single-Family Average Sold Price

ASPEN Condominium Sold Volume

C h r i s @ K l u g P ro p e r t i e s .c o m / k l u g p ro p e r t i e s @ k l u g p ro p e r t i e s / k l u g p ro p e r t i e s / k l u g p ro p e r t i e s

Chris Klug 970.948.7055

Informat ion is deemed to be re l iable but is not guaranteed. © 2016 MLS and FBS .• Prepared by Chr is J. K lug

$1,

424

$450,000,000

$400,000,000

$350,000,000

$300,000,000

$250,000,000

$200,000,000

$150,000,000

$100,000,000

$50,000,000

0

$33

1,14

5,82

5

$16

7,82

3,80

3

$21

9,69

7,03

7

$20

1,52

6,01

2

$25

1,24

6,90

2

$33

4,70

3,82

6

$36

8,45

1,54

1

$26

8,36

5,40

2

$37

6,11

2,10

4

$33

1,46

4,34

1

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

$21

8,43

2,53

8

$157

,671

,126

$39

3,56

4,35

8

Page 11: Klug Properties | Fourth Quarter 2019 MARKET REPORT · Prepared by Chris J. Klug Total pending volume for all property types was $200 million from Aspen to Old Snowmass at the end

Informat ion is deemed to be re l iable but is not guaranteed. © 2016 MLS and FBS .• Prepared by Chr is J. K lug

$1,

023

$1,800

$1,600

$1,400

$1,200

$1,000

$800

$600

$400

$200

0 $1,

415

$1,

020

$91

7

$97

6

$1,

158

$1,

182

$1,

235

$1,

370

$1,

520

$1,

573

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

$1,

123

$1,

016

ASPEN Condominium Average Sold Price / Sq Ft

ASPEN Condominium Average Sold Price $3,000,000

$2,800,000

$2,600,000

$2,400,000

$2,200,000

$2,000,000

$1,800,000

$1,600,000

$1,400,000

$1,200,000

$1,000,000

$800,000

$600,000

400,000

$200,000

0

$1,

742,

873

$1,

885,

661

$1,

997,

246

$1,

503,

925

$1,

697,

614

$2,

105,

056

$1,

970,

329

$2,

002,

727

$2,

667,

462

$2,

350,

811

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

$2,

510,

719

$1,

970,

889

$2,

248,

939

C h r i s @ K l u g P ro p e r t i e s .c o m / k l u g p ro p e r t i e s @ k l u g p ro p e r t i e s / k l u g p ro p e r t i e s / k l u g p ro p e r t i e s

Chris Klug 970.948.7055

Page 12: Klug Properties | Fourth Quarter 2019 MARKET REPORT · Prepared by Chris J. Klug Total pending volume for all property types was $200 million from Aspen to Old Snowmass at the end

$20

5,18

3,00

0

$240,000,000

$240,000,000

$200,000,000

$180,000,000

$160,000,000

$140,000,000

$120,000,000

$100,000,000

$80,000,000

$60,000,000

$40,000,000

$20,000,000

0

$19

8,93

5,30

4

$10

5,46

1,50

0

$75

,084

,507

$11

5,35

2,00

0

$99

,813

,000

$14

4,85

2,40

0

$14

9,69

5,50

0

$14

2,13

4,00

0

$13

4,47

4,26

6

$19

7,56

2,57

0

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

$73

,550

,000

$11

6,79

4,85

0

SNOWMASS VILLAGE Single-Family Sold Volume

SNOWMASS VILL AGE Single-Family Average Sold Price / Sq Ft

C h r i s @ K l u g P ro p e r t i e s .c o m / k l u g p ro p e r t i e s @ k l u g p ro p e r t i e s / k l u g p ro p e r t i e s / k l u g p ro p e r t i e s

Chris Klug 970.948.7055

$1,

424

$1,600

$1,500

$1,400

$1,300

$1,200

$1,100

$1,000

$900

$800

$700

$600

$500

$400

$300

$200

$100

0

$1,

250

$82

1

$66

3

$67

0

$67

9

$92

2

$88

1

$77

5

$75

8

$91

1

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

$87

7

$89

7

Informat ion is deemed to be re l iable but is not guaranteed. © 2016 MLS and FBS .• Prepared by Chr is J. K lug

Page 13: Klug Properties | Fourth Quarter 2019 MARKET REPORT · Prepared by Chris J. Klug Total pending volume for all property types was $200 million from Aspen to Old Snowmass at the end

$5,

545,

486

$7,500,000

$7,000,000

$6,500,000

$6,000,000

$5,500,000

$5,000,000

$4,500,000

$4,000,000

$3,500,000

$3,000,000

$2,500,000

$2,000,000

$1,500,000

$1,000,000

$500,000

0

$6,

631,

177

$4,

218,

460

$2,

887,8

66

$3,

845,

067

$2,

697,6

49

$4,

138,

640

$3,

939,

355

$3,

305,

442

$3,

127,3

09

$4,

031,8

89

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

$4,

596,

875

$4,

325,

735

SNOWMASS VILLAGE Single-Family Average Sold Price

SNOWMASS VILLAGE Condominim Sold Volume

$1,2

71

$14

4,92

8,92

8

$170,000,000

$160,000,000

$150,000,000

$140,000,000

$130,000,000

$120,000,000

$110,000,000

$100,000,000

$90,000,000

$80,000,000

$70,000,000

$60,000,000

$50,000,000

$40,000,000

$30,000,000

$20,000,000

$10,000,000

0

$11

9,58

4,13

3

$22

,291

,889

$29

,883

,500

$51

,698

,326

$41

,515

,510

$89

,555

,308

$77

,034

,718

$80

,837

,813

$80

,608

,675

$96,

756,

992

$13

5,10

6,32

9

$13

9,53

8,00

9

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

C h r i s @ K l u g P ro p e r t i e s .c o m / k l u g p ro p e r t i e s @ k l u g p ro p e r t i e s / k l u g p ro p e r t i e s / k l u g p ro p e r t i e s

Chris Klug 970.948.7055

Informat ion is deemed to be re l iable but is not guaranteed. © 2016 MLS and FBS .• Prepared by Chr is J. K lug

Page 14: Klug Properties | Fourth Quarter 2019 MARKET REPORT · Prepared by Chris J. Klug Total pending volume for all property types was $200 million from Aspen to Old Snowmass at the end

SNOWMASS VILLAGE Condominium Average Sold Price / Sq Ft

$1,

023

$1,200

$1,100

$1,000

$900

$800

$700

$600

$500

$400

$300

$200

$100

0

$1,

048

$62

8

$57

9

$65

5

$62

2

$63

1

$63

5

$63

4

$68

9

$79

1

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

$75

8

$69

8

SNOWMASS VILLAGE Condominium Average Sold Price

$1,

380,

276

$1,600,000

$1,500,000

$1,400,000

$1,300,000

$1,200,000

$1,100,000

$1,000,000

$900,000

$800,000

$700,000

$600,000

$500,000

$400,000

$300,000

$200,000

$100,000

0

$1,

184,

001

$92

3,18

4

$71

5,78

5

$69

4,22

7

$84

6,53

5

$87

8,67

2

$91

6,00

8

$92

1,49

5

$87

1,65

4

$1,

090,

141

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

$1,

061,

519

$99

6,11

7

C h r i s @ K l u g P ro p e r t i e s .c o m / k l u g p ro p e r t i e s @ k l u g p ro p e r t i e s / k l u g p ro p e r t i e s / k l u g p ro p e r t i e s

Chris Klug 970.948.7055

Informat ion is deemed to be re l iable but is not guaranteed. © 2016 MLS and FBS .• Prepared by Chr is J. K lug

Page 15: Klug Properties | Fourth Quarter 2019 MARKET REPORT · Prepared by Chris J. Klug Total pending volume for all property types was $200 million from Aspen to Old Snowmass at the end

Informat ion is deemed to be re l iable but is not guaranteed. © 2016 MLS and FBS .• Prepared by Chr is J. K lug

Page 16: Klug Properties | Fourth Quarter 2019 MARKET REPORT · Prepared by Chris J. Klug Total pending volume for all property types was $200 million from Aspen to Old Snowmass at the end

Informat ion is deemed to be re l iable but is not guaranteed. © 2016 MLS and FBS .• Prepared by Chr is J. K lug

December 2019


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