January 2024 Newsletter

January 22, 2024

What's New For January?

The Team

#1 in Rental Volume 10 Years in a Row

#3 Team in Sales for 2022

As we reflect on the past year in real estate, 2023 has shown noteworthy trends and shifts in the Aspen Snowmass market. Snowmass Village notably demonstrated an impressive 10% annual gain in property prices, underscoring its resilience and enduring desirability. In contrast, Aspen experienced price stabilization. The condo market in Aspen encountered a decline in transactions, likely due to low inventory, while Snowmass Village flourished with new condo sales in Base Village, showcasing the vitality of emerging developments. In the single-family home market, Aspen showcased consistency, while Snowmass Village celebrated a modest increase in sales and a consistent increase in prices. Aspen's inventory, with a 25% rise, signaled shifts in market dynamics, whereas Snowmass Village witnessed a decrease in listings. The $20 million+ single-family home market in Aspen, previously impressive, is now navigating increased inventory, offering intriguing considerations for the upcoming year. For a comprehensive valley-wide 2023 market report, check out the link below.

We are committed to navigating these changes alongside you, providing the insights necessary for informed decisions. Thank you for entrusting us with your real estate journey, and here's to another year of shared success and growth.

Thank you for working with The Team,

- Lori, Patsy, Li, Karen

Year-End 2023 Market Report

January Market Statistics

Aspen

Available Listings: 167
Average Days on Market: 180
Average Sale Price: $10,456,620
Average Price / Square Foot: $2,887
Average Annual Price Appreciation: Five Years: 14.3%; One Year: -1.1%
Sold Last Month: 12

Snowmass Village

Available Listings: 74
Average Days on Market: 136
Average Sale Price: $3,361,947
Average Price / Square Foot: $1,685
Average Annual Price Appreciation: Five Years: 18.6%; One Year: 9.4%
Sold Last Month: 8

Basalt

Available Listings: 57
Average Days on Market: 97
Average Sale Price: $1,196,500
Average Price / Square Foot: $651
Average Annual Price Appreciation: One Year: 26.53%
Sold Last Month: 9

Carbondale

Available Listings: 44
Average Days on Market: 84
Average Sale Price: $ 2,396,689
Average Price / Square Foot: $838
Average Annual Price Appreciation: One Year: 18.42%
Sold Last Month: 4

Our Top Picks for Sale

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.

Request A Private Showing

400 E Dean Street Unit# 46, Week 8 , Aspen

$249,000

3
BEDROOMS