January 2025 Newsletter

January 21, 2025

What's New For January?

The Team
#1 in Rental Volume 10 Years in a Row
Over $50 Million in Sales Year to Date

We had another wonderful year here in the Valley and owe so many of the high points to our peers, clients, friends, and family.  2024 brought both change and consistency to our business.  We added some wonderful new listings and clients to our circle, worked with countless repeat clients, brought on a new assistant, Audrey, and many more!  We are truly thankful for all the support, relationships, and memories the past year has contributed to our lives, and hope everyone has had a fantastic start to the new year.  To our friends in the Los Angeles area, our hearts are with you in light of the recent devastating fires. We extend our deepest condolences and unwavering support to those who have been impacted. Please know that our thoughts are with you during this challenging time, and please do not hesitate to reach out with anything you might need. 

On the real estate front, Aspen’s real estate market trends for the past year showed consistency in transaction volume compared to 2023, with 180-185 residential sales each of those years (excluding deed-restricted and fractional sales). However, a notable price surge stood out—condos rose 10% and single-family homes climbed nearly 14%, reflecting the high desirability of Aspen properties. The average single-family home price neared $20M, and condos exceeded $4.5M, underscoring the market’s continued allure for affluent buyers. Despite a slight slowdown in sales pace, with average days on market at 200, tight inventory remains a key driver of upward price trends.

In Snowmass Village, the momentum was fueled by Base Village developments, with nearly 200 condo sales and significant price growth to $2,250/sq. ft. This area continues to offer comparative value, with single-family homes averaging $8.5M—less than half of Aspen’s. However, Snowmass is narrowing the gap, raising questions about how much higher prices can climb. The limited inventory, especially for single-family homes, supports robust demand, but sustaining these rapid gains into 2025 will be an intriguing challenge. Both markets reflect strength and resilience, though Snowmass shows a dynamic evolution worth watching. Looking ahead, it will be key to watch how rising prices influence demand in both markets.

If you're thinking about buying or renting, we’d love to connect!  Give us a call, send a text, or drop us an email—we’re excited to catch up and hear from you this year.

Thank you for working with The Team
- Lori, Patsy, Li, Karen

A Snapshot of Last Month's Market Statistics

Aspen
Available Listings: 140
Average Days on Market: 188
Average Sale Price: $8,942,844
Average Price / Square Foot: $3,374
Average Annual Price Appreciation: Five Years: 14.2%; One Year: -1.1%
Sold Last Month: 16

Snowmass Village
Available Listings: 60
Average Days on Market: 199
Average Sale Price: $5,011,875
Average Price / Square Foot: $2,189
Average Annual Price Appreciation: Five Years: 18.6%; One Year: 9.4% 
Sold Last Month: 8

Basalt
Available Listings: 66
Average Days on Market: 161
Average Sale Price: $2,788,880
Average Price / Square Foot: $874
Sold Last Month: 9

Carbondale
Available Listings: 44
Average Days on Market: 112
Average Sale Price: $2,079,250
Average Price / Square Foot: $632
Sold Last Month: 10

Introducing Stratos: The Final Development of Snowmass Base Village!

 
We are thrilled to present Stratos, the last development in the Snowmass Base Village, marking the grand finale of this extraordinary project. With no further plans for future development in the Village, these residences offer a special opportunity to own a piece of this exclusive community.

 
Stratos Features:
2 Buildings / 89 Slope-Side Residences
Floor Plans ranging from 2 to 6 bedrooms
Prices from $2.85 million to $30 million for the 6-bedroom penthouse
Private outdoor spa on the 6th floor, fitness center, pool, and a limited number of Sky Cabin homes with private garages and direct elevator access
Each residence boasts spacious layouts and custom luxury finishes, designed for the ultimate ski-in, ski-out living experience. 

 
Stratos is currently under construction, with completion expected by late fall of 2026.

 
Let’s make one of these luxury ski residences yours!

 
Developer presale incentives are currently being offered.  Call us to secure your exclusive ski-in/ski-out residence. 
Pricing:
2 Bedrooms: 50 units from $2,850,000
3 Bedrooms: 17 units from $4,950,000
4 Bedrooms: 19 units from $7,800,000
5 Bedrooms: 2 units from $10,000,000
6 Bedroom Sky Chalet Penthouse: $30,000,000

What the Numbers Mean: Fourth Quarter Market Trends

The books are closed on 2024 real estate in the Roaring Fork Valley, and we are pleased to present to you the impressive trends shown in the Q4 Market Report.  Click on the photo above to read the Report.

Our Top Picks For Sale

191 Eastwood Drive, Aspen

$15,200,000

4
Bedrooms

4 Full, 1 Half
Bathrooms

3,482
Sq Ft.

Furnished Mountain Modern masterpiece on a quiet street, minutes from downtown. This 4 bedroom, 4.5 bath home sits among the tree tops, with views through the 12 foot windows from Independence Pass to the Gondola. This home was designed to maximize the Aspen lifestyle: a massive two car garage has plenty of room for your toys. The mudroom helps hikers, skiers or cyclists transition into the living space. Radiant heated floors, central AC, gas fireplace, smart lighting and shades and Sonos control the internal environment. The massive deck and private balconies from the two primary suites, allow you to enjoy the outdoors. Each private primary suite has walk in closets, spa-like bathrooms and great views. The open floor plan with kitchen/dining/living is ideal for entertaining and relaxing. The chef's kitchen and butler's pantry (with a separate sink and dishwasher) were designed to make cooking and clean up a breeze. This is a rare opportunity to purchase a newly constructed home in Aspen (the permitting, with variances, and construction process took more than 4 years).

Request A Private Showing

Listing Courtesy of Aspen Snowmass Sotheby's International Realty

Learn More

144 Bridge Lane, Snowmass Village

$15,950,000

5
Bedrooms

5 Full, 2 Half
Bathrooms

5,015
Sq Ft.

Discover mountain living at its finest in this recently built luxury ski home, perfectly situated among Aspen trees with direct ski-in/ski-out access via the Guggenheim trail. Located on Snowmass Mountain in the acclaimed Woodrun Neighborhood, this home sits just above the plentiful dining and shopping opportunities found at the Snowmass Base Village and Village Mall. This home features modern mountain finishes, top-of-the-line appliances, snowmelt patios and driveway, radiant in-floor heat, and solar panels to provide green energy. Expansive windows and glass doors throughout the home frame the stunning mountain views. The private primary suite sits on the main level and is complete with a lounging area in front of the fireplace, offering a serene retreat, while spacious guest rooms with ensuite full bathrooms ensure everyone feels at home. Included in the five bedroom home, you'll find a second primary suite located on the upper level enjoying mountain views and access to a generous and expansive fully furnished roof deck. A recreation room complete with surround sound, sectional seating, table tennis, and full bar adds to the entertainment aspect, while the outdoor hot tub is perfect for relaxing under the stars. Whether you're entertaining family and friends or enjoying a quiet night in, the open living spaces on all three levels provides the perfect setting for every occasion.

Request A Private Showing

Listing Courtesy of Aspen Snowmass Sotheby's International Realty

Learn More

The Aspen/Snowmass market is constantly changing. To discuss the details of the market or a specific property, call or email us today!

 

Aspen Rental Listings

506 West Hallam Street, Aspen

5
Bedrooms

5 Full, 2 Half
Bathrooms

4,677
Sq Ft.

Seasonal Monthly $50,000

950 East Durant Avenue, Unit 6, Aspen

2
Bedrooms

2
Bathrooms

1,338
Sq Ft.

Long Term Monthly $12,000 + Utilities, Seasonal Monthly $22,500

Snowmass Village Rental Listings

38 Fox Lane, Snowmass Village

5
Bedrooms

6 Full, 1 Half
Bathrooms

4,721
Sq Ft.

Holiday Nightly $4,000, Nightly $3,000, Monthly $50,000

360 Wood Road, Unit 113, Snowmass Village

4
Bedrooms

4
Bathrooms

1,428
Sq Ft.

Holiday Nightly $4,000, Nightly $3,000, Winter Monthly $45,000, Summer Monthly $35,000

Explore More Rental Listings

In the News

Snowmass Is the Chill, Family-Friendly Version of Aspen. But Homes Still Cost Millions.
Wealthy condo buyers are helping to put the Colorado ski town on the map

Full Article

Real estate transfer taxes generated $24M for Aspen in 2024
The $108 million sale of this Willoughby Way property on Red Mountain, just on the edge of city limits, helped boost Aspen’s collections of real estate transfer tax payments in 2024. The city of Aspen collected nearly $24 million in taxes paid at the closing of 638 free-market real estate deals in 2024, according to a report issued this week.

Full Article

Incoming code updates incentivize small, electric homes
As of 2019 data, residential buildings account for 47% of greenhouse gas emissions in Pitkin County. Building staff are eyeing new incentives to reduce that number by disincentivizing outdoor energy use.  A few months after passing stringent outdoor energy use regulations, Pitkin County is readying a code for a “glide path” to its energy goals. 

Full Article

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