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Elliman Report: Aspen Sales 1Q 2016

Despite faster marketing times, the high-end took a breather as the average size of a sale dropped sharply across the market, skewing some of the price trend metrics. The average size of Aspen condo and single family sales was 1,886 square feet, down 37.4% from 3,015 in the prior year quarter. A shift in size this large last occurred in the second quarter of 2015 and is the fourth time in four years such a shift has occurred…Average price per square foot was $1,454, up 5.6% from the prior year quarter to the second highest level in the thirteen years of this data series…

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