Architectural style and interior design trends of residential properties evolve over time. The traditional mountain Tuscan style homes characterized by sloped roofs, paneled doors, heavy stone exteriors, textured plastered walls, rough cut woods and granite countertops, popular and built in the 90’s and early 2000’s in the Aspen Snowmass real estate market, can seem dated next to the very contemporary and so called “mountain modern” homes being built today. Log cabin style homes could also fall into the traditional category as well.
The common perception among real estate brokers, architects and builders is that contemporary style homes sell quicker, easier and at a higher price per square foot than the more traditional mountain styles in the current Aspen Snowmass market. This feeling is evident from the great number of new homes being built in Aspen with a contemporary state-of-the-art style of architecture and interior design. Assuming this assumption is true, what type of sales premium could you expect if the home you are selling is one style versus the other?
To determine if that perception is correct and what sales premium might exist, over 50 home sales in the past year in the Aspen area were reviewed. Of those sales, roughly a third would be considered a contemporary style, while two thirds were a traditional style. Although every property is distinct by nature and location, there are some discernible patterns. Besides looking at final sales prices per square foot, the number of days on the market was also reviewed.