Summary Highlights from

Aspen Snowmass Properties'
current market report


With myriad factors at play, it’s challenging to neatly summarize the trajectory of our distinctive real estate market for any short period of time. That’s why we prefer using 12-month numbers for most of our analyses, and why, after a near-record year in 2015 with over $2 billion in real estate sales in Pitkin County, we are cautious about how we discuss any short-term changes in overall activity which periodically grab the local headlines and are endlessly interesting to Aspenites. The local pundits, and the press which quotes them, like to point out the doom and gloom they saw in last year's initial statistics. And while 2016 fell short of 2015's record volume, 2017 has rebounded dramatically, especially in the Aspen and luxury markets (see our Market Statistics). Snowmass has ben steadily climbing throughout the last year, and is now the best performing market in the area on a year-over-year baxis.
Other local economic indicators have been on fire. The value of Aspen’s residential building activity in 2016 was double what it was in 2015, and lodging occupancy in Aspen and Snowmass has been very strongfor the last two seasons. You can find all the numbers we slice and dice and analyze every month in our latest market report, the most comprehensive analysis of Aspen, Snowmass Village, Basalt, and valley-wide luxury properties.


Download our full current report from this link.




Market Index

ASPEN resort property MARKET INDEX

BJ*Adams and Company unveiled the Real Estate Market Index in 2010 after more than a year of testing and development, and we are continuing it under the Berkshire Hathaway label. The Index tracks the relative “strength” of the market. It also provides some insight about future market direction.


The Index showed significant upwards strength in 2013 through 2015. This was a result of overall improvement in the sales activity, average sales discounts and upward pressure on prices in nearly every market segment. The four year trend has been a rising Index, and prices tend to lag the Index direction by one to two years, though the downturn between 2011 and 2012 lengthened that lag. Overall market price per square foot gains reached 7.4% in 2013, and continued to track the Index as well as general market fundamentals on an upward path into early 2016. The recent drop in the index has turned upward again, and is not significant in terms of the overall trend, being unlikely to translate into any real effect on prices any time soon, if at all.

Key Economic Changes

As of Most Recent Month’s End

1-Yr. Change

S&P 500




Crude Oil




USD (vs. the Euro)


10-Yr T-Note


Unemployment Rate


* Index percent change not applicable