February Market Snapshots - Chris Klug Properties

We are pleased to share our Klug Properties February 2024 Market Snapshots with you. Below are 8 high-level takeaways regarding past and current market activity. Below the takeaways are in-depth statistics on the Aspen and Snowmass markets. Let us know if you would like to discuss.

1) The Aspen Real Estate Market is stronger today than it was in the first two months of 2023 with volume, transactions, and sold prices all up for condos and single-family homes.

2) Aspen Condo’s sold volume and transactions have more than doubled from a year ago.

3) Prices are up in Snowmass Village along with volume.

4) There were twice the $10 million sales YTD in 2024 compared to 2023 and one more $20 million sale this year.

5) Inventory in Aspen of all property types is up 30% from a year ago and 15.5% in Snowmass Village.

6) Pending transactions in Aspen are up 50% and down 17.7% in Snowmass Village.

7) Pending volume in Aspen is up 152% and 32% in Snowmass Village.

8) The average single-family home price at the end of 2023 for the entire year was $16,343,061, 12% below year-end 2022, 26% above 2021, and 115% above 2019.