April 2024 Newsletter

April 10, 2024

What's New For April?

The Team

#1 in Rental Volume 10 Years in a Row

Over $30 Million in Sales Year to Date

As the 2023-2024 ski season draws to a close, anticipation builds for the closing days at Aspen Snowmass. End-of-season events and activities abound, from festive après-ski gatherings to exhilarating competitions, offering a fitting finale to a season filled with mountain adventures. Whether celebrating on the slopes or savoring the last runs of the year, the closing days at Aspen Snowmass are a cherished tradition marking the transition to warmer days ahead.

The real estate market in Aspen and Snowmass Village is showing promising signs as this first quarter of 2024 concludes. Condo and townhome sales have increased in both areas, while single-family home sales remain steady compared to the previous year. Aspen's average price per square foot is on the rise, reflecting renewed growth after a relatively stagnant period last year, while Snowmass Village continues to experience upward pressure on condo prices. Despite a small sample size, high-end sales are robust, with a significant portion occurring above $3,500.00 per square foot in Aspen and $1,750.00 per square foot in Snowmass Village. Inventory remains tight for single-family homes in Snowmass Village, although Aspen's listings have remained steady year-over-year. Overall, buyer demand remains strong, contributing to rising prices and limited inventory, indicating ongoing market desirability and strength in the Aspen Snowmass real estate sector.

Many of you may have questions or feel unsure about the future of the real estate industry in light of the recent NAR Settlement. We understand that transparency and integrity are paramount in our industry, and we fully support measures to uphold these values. Our commitment to serving our clients remains unwavering, as it has for the past decade. We take pride in our professionalism and dedication to providing exceptional service, and this settlement only reinforces our resolve. While changes may be on the horizon, our Team is well-prepared to adapt and continue delivering the same level of expertise and personalized attention that our clients have come to expect. We prioritize your needs above all else, ensuring that you are informed and empowered throughout every step of the real estate journey. With the settlement serving as a catalyst for positive change, we embrace the opportunity to further enhance the client experience and foster trust within our community. Our clients can rest assured that our Team remains steadfast in our commitment to your success, and we look forward to continuing to exceed your expectations for years to come.

A Snapshot of Last Month's Market Statistics

Aspen

Available Listings: 154
Average Days on Market: 124
Average Sale Price: $7,553,571
Average Price / Square Foot: $2,919
Average Annual Price Appreciation: Five Years: 14.2%; One Year: -1.1%
Sold Last Month: 14

Snowmass Village

Available Listings: 64
Average Days on Market: 67
Average Sale Price: $3,724,000
Average Price / Square Foot: $1,818
Average Annual Price Appreciation: Five Years: 18.6%; One Year: 9.4%
Sold Last Month: 10

Basalt

Available Listings: 57
Average Days on Market: 131
Average Sale Price: $4,182,375
Average Price / Square Foot: $1,569.87
Sold Last Month: 8

Carbondale

Available Listings: 42
Average Days on Market: 246
Average Sale Price: $2,299,337
Average Price / Square Foot: $676.96
Sold Last Month: 10

Our Top Picks for Sales

210 Horseshoe Drive , Basalt

$4,179,000

3
BEDROOMS

5
BATHROOMS

4,054
SQ FT.

Nestled in Basalt's most enchanting, peaceful, and scenic neighborhood, this Emma homestead offers a unique blend of tranquility and convenience. Located between downtown Basalt and Willits Marketplace, it provides easy access to both within 5 minutes. With Aspen Airport just 20 minutes away and Aspen/Snowmass Ski Areas within a 25-minute drive, it's perfectly situated for everything the valley offers. This 2.27 acre property features lush grounds, an inviting fully restored ranch-style home, enchanting pond, serene views, a pole barn for storage, pasture land for horses, large workshop, and a new deck and hot tub. The extensive remodel includes a new roof, new mechanical and electrical, new in-floor heat and air conditioning, new custom kitchen, new Pella windows, to name just a very few things from the long list of upgrades and improvements. Experience the magic of country living with easy access to world-class dining, meandering bike paths, and breathtaking hiking trails nearby and return home to indulge in the enchantment of this exceptionally distinctive property. things from the long list of upgrades and improvements. Experience the magic of country living with easy access to world-class dining, meandering bike paths, and breathtaking hiking trails nearby and return home to indulge in the enchantment of this exceptionally distinctive property.

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1320 Sierra Vista Drive, Unit A , Aspen

$9,500,000

5
BEDROOMS

5.5
BATHROOMS

3,320
SQ FT.

Welcome to this modern masterpiece in West Aspen. Located less than one mile from downtown Aspen, you have easy access to the Aspen Golf Course, Rio Grande Trail, and Tot Lot Park. This stunning half duplex boasts 5 bedrooms and 5 and a half bathrooms within its 3,320 square feet and lives like a single family home. Mature landscaping surrounds large patios off of both the main floor Living Room and Primary Suite. A built-in gas firepit and water feature create an outdoor oasis for both entertaining and unwinding. The upper level features two ensuite bedrooms with private balconies. An entertainment area on the lower level is complete with a pool table, wet bar, and gas fireplace. Two adjacent bedrooms are generously sized with great potential for a bunk room. The developer and owner meticulously designed the home to live like a single family residence with attention to detail that exudes quality and craftsmanship. Specific design selections include Franke Kitchen Systems, Villeroy & Boch bathrooms, Carrara marble, Silestone Countertops and a Zuma whirlpool tub. Don't miss this beautiful home that's ready-to-go for spring skiing and summertime entertaining.

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