Third Quarter Market Report 2022
Happy fall season from Aspen Snowmass! The colors are at their peak in the high country and the trails are empty and covered in orange, red and yellow; it’s a magical time of the year. We’re loving the prolonged Indian Summer!
After two and a half years of unprecedented Covid fueled activity, our market seems to be somewhat normalizing. Inventory of all whole ownership, free market property types in the upper Roaring Fork Valley from Aspen to Old Snowmass has almost doubled from 188 properties last year to 303 today. However, this still represents a very low supply compared to 472 properties in September of ’20 and 681 properties in Sept. ’19. Inventory in Aspen of all whole ownership, free market property types doubled in the...
First Quarter Market Report 2022
Highlands closing party is this weekend! Snowmass Ski Area closes a week later on Easter Sunday and Aspen stays open until Sunday, April 24. This is that unique time of the year when you can ski and snowboard lift accessed terrain and hike, bike, golf or fish in the same day. The downtown core is a little quieter following an active March spring break. Winter is not yet over however with more snow in the forecast next week. I am excited to share my First Quarter 2022 Aspen Snowmass Market Report with you. I hope it provides some valuable insights into our market to help you.
Second Quarter Market Report 2022
There is no better place to spend summer than in the Roaring Fork Valley! Fourth of July felt a little mellower this year with international travel open again, and the challenges associated with commercial travel today and higher costs. While macroeconomic headwinds along with the unsustainable velocity of our market the past two years are resulting in some price reductions locally.
Fourth Quarter Market Report 2021
An historic late December nine-day storm cycle dumped six feet of snow at Aspen Snowmass making for epic holiday pow skiing and boarding. Every turn in Highlands Bowl was a face shot for a week! Aspen Snowmass had another record-breaking year for real estate sales! Bottomless pow coupled with record real estate activity! Pitkin County saw almost $4 billion of residential, whole ownership, non-deed restricted sales recorded in MLS in 2021 compared to just under $3.5 billion in 2020. Historically low inventory and continued strong demand fueled by an urban exodus and a desire to work, play, and live in second home resort markets nationwide resulted in new highs from records set in 2020. Inventory of all whole ownership, residential properties in Aspen ...
Third Quarter Market Report 2021
Happy fall season from Aspen Snowmass! The colors are at their peak now; it’s such a magical time of the year in our valley. I hope you are getting out in the mountains and enjoying it. Snow is expected next week, so it won’t last that much longer. I am hearing rumors of a big winter ahead, so make your plans to come make some turns with me. I am proud to share my Third Quarter 2021 Market Analysis below with you.
Historically low inventory combined with continued strong demand remains the theme in the Roaring Fork Valley Real Estate Market. Inventory of all whole ownership property types is down about 63% in Aspen, 73% in Snowmass Village and 46% in Basalt. There were 69 pending sales of all property types in Aspen on Sept. 30, 2021 vers...
Second Quarter Market Report 2021
Second Quarter Market Report 2021
I hope you are enjoying a great summer! It is so nice to see our friends and guests return to Aspen Snowmass and for many of our favorite summer activities to resume. Aspen Snowmass is full again this summer. What a difference a year makes! I hope everyone is having fun in the Elk Mountains and enjoying reconnecting with friends and family and seeing one another again!
Historically low inventory with continuing very strong demand remains the theme throughout the Roaring Fork Valley Real Estate Market. Inventory of all property types from Aspen to Basalt is down almost 50%. ISO’s (in search of) broker to broker requests are a regular daily communication. Transactions of all residential whole ownership prop...
Fourth Quarter Market Report 2020
2020 Klug Properties Aspen Snowmass Market Report Summary:
Happy 2021! I hope you had a great holiday and are doing well and staying healthy. As I reflect on the past year, I can’t believe what transpired in 2020. What a year it has been! Who would have imagined where the Aspen Snowmass Real Estate Market stands today looking back to mid-March when the lifts stopped spinning at Aspen Snowmass and across the State of Colorado for the season, an exodus from the upper valley ensued, and most pending sales imploded? All spring we were just hoping and praying we’d have a summer selling season. That all changed the end of June when it was all-hands-on-deck for six plus months which resulted in a record breaking 2020 for Roaring Fork Valle...
First Quarter Market Report 2021
2021 Klug Properties Aspen Snowmass Market Report Summary:
Happy springtime from Aspen Snowmass! I hope you’re doing well and enjoying a great start to springtime! I’m excited to share our Klug Properties First Quarter 2021 Market Report with you. Thank you for checking it out. I hope it’s a helpful resource. Our local real estate market continues to be extremely active with historically low inventory levels. Inventory of Snowmass Village condos and single-family homes is depleted! Aspen single-family home sales records, lots of Aspen condo transactions, fewer options, and disappearing new Base Village product in Snowmass Village is the story of the first quarter in the upper Roaring Fork Valley Real Estate Market. Many of the Q1 As...
Third Quarter Market Report 2020
Happy fall season from Aspen Snowmass. I hope you are doing well and staying healthy. The autumn colors have been magical the past weeks on the Western Slope of Colorado; I hope you’ve been getting out and enjoying this special time of the year. It has been an historic summer selling season in the Upper Roaring Fork Valley with record-breaking numbers. We’ve been in all-hands-on-deck mode since the end of June when a switch got flipped and our market went from zero to over one billion miles an hour. September felt like July! Aspen single-family sold volume is more than twice what it was in 2019 through September, and by far the highest we’ve ever seen through September. Average single-family sold price in Aspen of $11.26 million is ...
Second Quarter Market Report 2020
Happy summertime from Aspen Snowmass! I hope you’re enjoying a fun and safe summer. It has been a beautiful one in Aspen Snowmass. I’m grateful to still be somewhat sheltered in paradise. I’ve never seen our local real estate market more active than in the past few weeks. A flip got switched a few weeks ago and it has been all hands-on-deck ever since. It seems everyone from our traditional metro feeder markets are here and planning to stay. While there are no events larger than 50 permitted in Pitkin County, the beauty of the mountains and the Aspen Idea of rejuvenating mind, body and spirit is more alive than ever in light of what’s happening in the world. You would not know there’s a pandemic going on walking through ...
First Quarter Market Report 2020
Happy springtime from Aspen! I hope you’re doing well and staying safe during these strange and uncertain times. The upper Roaring Fork Valley is very quiet now after the lifts shut down for the season in early March, just before what is typically the busy spring break season. The two or three weeks of spring break are the second busiest time of the winter season in Aspen and Snowmass and the culmination of the winter selling season. Often buyers will look over the holidays and early into the new year before returning over spring break to make a decision. Unfortunately, that didn’t happen this year. Normally we have a very pronounced off-season in April and May in Aspen and Snowmass - once the lifts stop running and before the trails dry ...
Fourth Quarter Market Report 2019
Happy New Year from Aspen! I hope you had a wonderful holiday and are off to a great start to 2020. I’m excited to share my 2019 Aspen Snowmass Market Summary with you. Overall 2019 was a strong year for Aspen Snowmass Real Estate; I’ve got lots of positive numbers to report! Dollar volume for single-family homes in Aspen increased almost 37% from 2018 while average sold price went up by almost a million dollars to $7.589 million, only second to 2017. There were 19% more single-family transactions in 2019. Average sold $/SF increased as well from $1,463 to $1,481 a sq. ft. for Aspen single-family homes. There were 27 sales in Aspen over $10 million compared to 19 last year and four $20 million plus Aspen sales versus just one in 2018. Dec...
Third Quarter Market Report 2019
Happy fall season! It has been a beautiful October in Aspen Snowmass! I am excited to share my Klug Properties Third Quarter 2019 Aspen Snowmass Market Report with you. Thanks for checking it out. Here are some trends I’m seeing today in the upper and mid Roaring Fork Valley Real Estate Market:
- Overall less product available today than past years, but a lot of inventory at the upper end throughout the valley.
- Average Aspen condo sold $/SF of $1,580 is an all-time high, up about $3.5% over last year.
- September was strong for Aspen condominium sales.
- Single-family under $3 million and new product at the upper end of the Snowmass Village single-family market is what’s moving!
- A lot of inventory in Snowmass Village and Aspen at the upper end...
Second Quarter Market Report 2019
Happy summertime from Aspen! We’re enjoying a spectacular summer here in Aspen Snowmass. The weather is beautiful and the events and activities are non-stop; it’s a fun time to be in the Roaring Fork Valley. I’m excited to share my Aspen Snowmass 2nd Quarter 2019 Market Report with you. I hope my insights and analysis are helpful. Big land sales and $10 and $20 million plus home sales have defined 2019 so far in Aspen. Condo sales and single-family below $3 million have been strong in Snowmass Village.
Overall in the Upper Roaring Fork Valley from Aspen to Basalt for all residential, whole ownership property sales, dollar volume is up. 2019 is going to be stronger than 2018. We are having a very busy summer selling season...
First Quarter Market Report 2019
Happy springtime from Aspen Snowmass. I hope you are doing well. It’s that unique time of the year when you can ski or snowboard and bike or golf in the same day. Last weekend’s temps were in the 60’s; I was contemplating getting back on my bikes. It snowed twelve inches in Highlands Bowl last night and it’s 19 degrees this morning; you’ve gotta love springtime in the mountains! I’m excited to share my First Quarter 2019 Aspen Snowmass Sotheby’s International Realty Market Report below with you. Thank you for the opportunity to share my experience and knowledge. I hope this is a helpful resource.
Every neighborhood is unique and our market is hyper localized. For example, East Aspen versus West End or crossin...
Fourth Quarter Market Report 2018
Hi from Aspen! I hope you are enjoying a great start to 2019! It has been a fun winter season so far in Aspen Snowmass. Our community was full for the holiday with lots of people taking advantage of the great winter conditions on our four local mountain resorts. More snow is on the way this week! I’m excited to share my 2018 Aspen Snowmass Real Estate Market Report with you below. I hope it’s a helpful resource. Thanks for checking it out.
2018 saw strong condo sales in both Aspen and Snowmass, especially in December. Aspen single-family sales were considerably weaker in 2018 versus 2017. Snowmass Village single-family sales were very similar to 2017, which still has lots of room for improvement compared to the peak of 2007/2008. New Base...
Third Quarter Market Report 2018
Happy fall season from Aspen Snowmass! It’s dumping snow outside as I write this on October 11 with about five inches already on the ground. I hope this is a harbinger for a big winter ahead! After a warm, dry summer, and not our best winter last year, we’re welcoming the moisture. The fall colors have been spectacular in the Roaring Fork Valley the past weeks. I hiked to Crested Butte with family and friends a few weeks ago; it was breathtaking.
I’m excited to share my Third Quarter 2018 Aspen Snowmass Market Report with you. After a slower start to the summer selling season, activity picked up in Aspen in August and September. It’s supposed to be off-season, but things have yet to slow down. Overall it has been a slowe...
Second Quarter Market Report 2018
Happy summertime from Aspen! I hope you’re doing well and enjoying a great summer. It has been a beautiful one here in Aspen Snowmass; unfortunately a little too beautiful without enough moisture this spring and early summer. The Lake Christine Fire on Basalt Mountain in Basalt and El Jebel is about 50% contained. Sadly three homes burned and over 5,000 acres. It looks like we’re finally getting into our summer afternoon monsoon cycle, so hopefully it will be extinguished soon. Thank you to the heroes that came from across the country to battle this blaze and help our community. In challenging times we are all reminded how special this valley is.
I am excited to share with you my Second Quarter 2018 Klug Properties Aspen Snowmass Market R...
First Quarter Market Report 2018
Happy springtime from Aspen! I hope you are doing well. It was a fun Closing Day party yesterday at Aspen Highlands and Buttermilk Mountain. There were some classic retro outfits and amazing costumes on display at Highlands yesterday and about ten inches of new snow. What an ironic finish to the season, after the slow start this winter. Off-season is fast approaching in town. There are lots of projects underway in Aspen Snowmass including the new $100 million W Hotel, the new Limelight Snowmass and Lumin, Plato’s Restaurant at Aspen Meadows, Hotel Jerome, and of course the $4.5 million Castle Creek Bridge bike path and bus stop improvements. Everyone is working hard to be ready for this summer and next winter.
The Aspen Real Estate Market conti...
Fourth Quarter Market Report 2017
2017 was a great year for Aspen and Snowmass Real Estate. Overall we saw higher prices, more activity, and less inventory.
Aspen single-family sales had a big year with almost $800 million in total sold volume, which was very close to 2015, and a 123% increase over 2016 with 99 single-family sales, compared to 55 in 2016, an 80% increase. Average single-family sold price of nearly $8 million set a new high, as did the average single-family sold $/SF at $1,606.
Third Quarter Market Report 2017
Happy fall season from Aspen! I hope you’re enjoying a great October. The autumn colors are still vibrant in the Roaring Fork Valley, however a few early season snowstorms the past weeks have decreased the fall foliage a little, and snapped a few snow loaded branches at the same time. It’s still a spectacular time to be in the mountains. ACES Harvest Festival takes place this weekend at Rock Bottom Ranch, one of my favorite fall traditions.
Second Quarter Market Report 2017
Our local real estate market is very active this summer! This is the strongest first two quarters for Aspen single-family home sales ever! With $354 million in Aspen single-family home sales through the Second Quarter of 2017 at an average sold price of $7.2 million and an average sold price per sq. ft. of $1,471 we’re seeing all time highs in the Aspen single-family home market. Aspen single-family home sales are up 220% compared to the first two quarters of 2016. The number of transactions is also up 188%. After a slow first half of 2016 the Aspen single-family market has bounced back strong with ten $10-million plus sales to date. We saw the strongest Aspen single-family home sale in years at 343 Willoughby for $30 million in April and...
First Quarter Market Report 2017
Happy springtime! I hope you’re enjoying a great April and doing well. It has been a beautiful spring in Aspen. While spring got an early start in March, we’re still skiing on Aspen Mountain this week. Snowmass closed for the season yesterday. Aspen Mountain closes this Sunday, April 23. The spring corn skiing is excellent now, so get up there and make a few more turns before the lifts shut down for the season.
Fourth Quarter Market Report 2016
Happy 2017! I hope you’re enjoying a great winter season. What a start to the year it has been for skiers and snowboarders after getting pounded with snow the first two week of 2017. The conditions on our local mountains have been awesome!
Third Quarter Market Report 2016
I’m excited to share my Third Quarter Klug Properties Aspen Snowmass Real Estate Market Report with you. I study the market every day; I am happy to present my analysis and insights. While the first half of the year in the Upper Roaring Fork Valley real estate market was tough, August and September closed out the summer selling season much stronger. I’ve been busy showing property non-stop through mid October. I was proud to help my clients close almost 20 million in the third quarter with another nearly five million currently pending sale.
Second Quarter Market Report 2016
Second Quarter Market Report 2016
First Quarter Market Report 2016
I am excited to share my Aspen Snowmass Real Estate Market Report for the First Quarter 2016. It has been a slow start to 2016. There are a few macroeconomic factors that are affecting our market negatively in the first quarter including the strength of the US Dollar, and the impact that is having on our international guests, particularly for Australian and Brazilian buyers. Australian visitors were down about 25% this winter in January and February. The unease of the stock market in 2016, even though it has bounced back strong the last month and seems to be stabilizing, has given buyers pause, not to mention the softening of the high-end New York City real estate market. The Presidential election is not helping things either. Lastly, the price of oi...