Knowledgeable buyers often consider Telluride an excellent value when compared to Aspen and Vail especially considering overall price points. This table highlights key metrics in multiple markets with an emphasis of comparing downtown areas and ski resort areas against one another.
Aspen Central Core
The Aspen Central Core experienced six consecutive years of price appreciation through 2018. Although prices went up, the number of transactions fell in 2018 compared to the year before. A total of 18 properties closed for over $5 million including 8 over $10 million and 1 over $15 million. By comparison, only three properties closed in the Town of Telluride for over $5 million in 2018.
Snowmass Village sustained seven consecutive years of relatively flat prices through 2018. Unlike nearby Aspen, however, the number of transactions increased in 2018 compared to 2017. Of the 40 homes that sold in 2018, two closed for over $6 million versus only one home in Mountain Village.
Like its neighbor Vail, the average sales price and the total number of sales increased in Beaver Creek for the combined segments of homes and condos. Unlike Vail, the price per square slipped in 2018 by 6.2%. Mountain Village, however, experienced a decrease in the number of transactions, the price per square foot and overall average sale price.
Town of Vail
The Town of Vail has enjoyed successive years of price appreciation in terms of both sales price and price per square foot. The total number of properties sold increased by just over 10% in the Town of Vail. By contrast, the price per square foot continued to rise in the Town of Telluride but the overall number of transactions was down by 17%.