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January 2018

Found 2 blog entries for January 2018.

The midvalley real estate market had a normal, healthy year overall.  Compared to 2016, Basalt and Carbondale sales combined rose about 2%, the average price increased a modest 1%, the average price per square foot escalated roughly 3%, and sale to list price ratios showed little change.  Supply of available properties, however, decreased.  Number of listings and months supply are now down to about 20% from a year ago.

In Basalt, sales decreased just slightly, but the average price per square foot rose for both condos/townhomes (up 3%) and single-family homes (up 11%).  The average sale price was about $540,000 for a condo and $945,000 for a single-family home.  Days on market averaged about 6 months.  Properties under $600,000 accounted for over half the

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The 2017 Aspen Snowmass market was momentous and even surpassed the expectations of many optimists.  Sales soared compared to the slow year before and even rivaled the records set in 2015.  In fact, unit sales were right on par with 2015 and dollar volume surpassed the 2015 highs, making for an excellent year in both Aspen and Snowmass. Inventory of properties diminished over the year, with the number of listings down about 20% and supply is now roughly 35% lower than a year ago.  We are experiencing a seller’s market evidenced by strong demand paired with shrinking inventory: the perfect recipe for rising prices. 
 
In many submarkets, that is exactly what has happened.  In Aspen, single-family home prices are up approximately 20% and condos around 10%. 

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