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Real Estate
6/6/2024

May Market Snapshots

We are pleased to share our Klug Properties May 2024 Market Snapshots. Below are 9 key takeaways regarding past and current market activity. Below the 9 takeaways are in-depth statistics on the Aspen and Snowmass markets. Let us know if you would like to discuss.

1) The Aspen Snowmass Real Estate Market is still a strong seller’s market, with increased volume and pricing. 

2) Aspen’s average sold price of $23.4 million is 50% higher than a year ago, thanks to three fifty-million-plus sales in April totaling almost $250 million.

3) The number of transactions at the high end remains on par with 2023, with 35 ten-million-plus sales in Aspen Snowmass compared to 34 last year through May 31, and 12 twenty-million-plus sales year-to-date versus 13 last year.

4) Aspen condo sold volume has almost tripled from May 31, 2023.

5) Despite tight inventory, Snowmass Village single-family activity and pricing have increased from last year.

6) Snowmass condo volume and transactions dipped a bit due to limited inventory.

7) The overall inventory of all free-market, whole-ownership property types, including vacant land, increased by 36% in Aspen and decreased by 26% in Snowmass Village from a year ago.

8) There are still about half the choices from before the pandemic, with inventory from Aspen to Old Snowmass of all free-market, whole ownership property types remaining down 48% from May 2020.

9) There are 36% more properties under contract in the Upper Roaring Fork Valley today compared to a year ago, with pending volume almost double that of last year.

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