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Slope-Side Sales

Condo and single-family home sales in Aspen hit a seven-year high

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A four bedroom, four-and-a-half bathroom single-family home currently on the market in Aspen, Colorado for $5.995 million.

ASPEN SNOWMASS SOTHEBY'S INTERNATIONAL REALTY
A four bedroom, four-and-a-half bathroom single-family home currently on the market in Aspen, Colorado for $5.995 million.
ASPEN SNOWMASS SOTHEBY'S INTERNATIONAL REALTY

Like so many chair lifts, property sales in Aspen are ascendant. A new report from brokerage Douglas Elliman finds a return to form for sales in America’s premier winter playground. 82 condos and single-family homes sold in the third quarter of 2015, representing a 12.3% quarterly increase and the highest number of quarterly sales in seven years. Prices, however, were more of a mixed bag for the mountain community.

Median sales price jumped 37.2% to $3,429,500 from the prior year quarter. Average sales price followed a similar pattern, rising 18.4% to $4,593,635. Average price per square foot rose 5.8% to $1,379 over the same period. The luxury market, defined as the top 10% of all sales, had a median sales price of $11,880,000, essentially unchanged from the prior year quarter. Condo median sales price surged 26.2% to $1,350,000 and single family median sales price slipped 5.3% to $6,200,000 respectively over the same period.

Days on the market, defined as the number of days from last list price change to contract date, displayed a downward trend, dropping 20.2% from 228 to 182 for the quarter year-over-year. Read the full reportView full listing (pictured top)