At-a-Glance: Market Snapshot (Jan 1–Sep 30, 2019 vs. 2018)

Aspen

• Single-family sold volume: $485,960,609 (+29%)
• Single-family sales: 63 (+13%)
• Condominium sold volume: $240,025,940 (-10%)
• Condo sales: 109 (+14%)
• Aspen condo pricing: average sold $1,580/SF—an all-time high

Snowmass Village

• Single-family sold volume: $138,158,100 (+25%)
• Single-family sales: 35 (+3%)
• Condominium sold volume: $94,899,650 (+27%)
• Condo sales: 94 (-10%)
• Theme to watch: pronounced performance gap between new vs. older condo inventory

Basalt

• Single-family sold volume: $64,418,361 (-1%)
• Condo sold volume: $34,258,561 (+3%)
• Single-family sales: 57 (-2%)
• Condo sales: 55 (-2%)
• Velocity: average days on market improved meaningfully in 2019

Explore current opportunities in Aspen homes for sale, Snowmass Village homes for sale, and Aspen condos for sale.

Aspen: Stronger Single-Family Volume, High-End Inventory Still Elevated

Aspen single-family activity strengthened through the first three quarters of 2019, with sold volume up 29% year over year. Luxury continued to command attention: the market recorded roughly twenty $10M+ sales year-to-date, while active $10M+ listings represented a multi-year supply—an important signal for negotiation strategy at the top of the market.

On the condominium side, a standout metric shaped the quarter: average Aspen condo pricing reached $1,580 per square foot, the highest level on record. Fewer active condo listings versus the prior year contributed to scarcity—and in September, condo performance accelerated, reinforcing that well-positioned product can move decisively even in a selective market.

For a neighborhood-by-neighborhood view, browse our Aspen neighborhood guides and our Aspen Snowmass market reports archive.

Snowmass Village: Newer, Turnkey Homes Lead; Condos Show “New vs. Old” Divide

Snowmass Village single-family sold volume rose 25%, reaching levels not seen since the 2007–2008 peak period. Buyers demonstrated clear preference for newer construction and contemporary remodels—especially at the upper end—while homes below $3M remained active due to a broader buyer pool competing for value, school district proximity, and livability.

In the condo market, sold volume increased 27% even as the number of transactions declined. This is the signature pattern of a “quality premium” market: fewer sales, higher price points, and outsized influence from new development inventory (and the lifestyle convenience it delivers).

If you’re evaluating a purchase with usage and rental flexibility in mind, start here: Snowmass condos & ski access residences.

Basalt: Stable Activity, Faster Pace, and Pending Momentum Into Q4

Basalt tracked closely with the prior year overall, but showed improving velocity—an encouraging indicator for sellers who price strategically and present homes well. A meaningful pipeline of pending sales suggested a stronger Q4 close, especially in the segment below $1M where much of the area’s activity concentrates.

Discover what’s trading—and what’s emerging—in Basalt real estate and the broader Roaring Fork Valley communities.

Local Market Leadership

In a market where discretion, data, and global reach matter, representation remains a strategic advantage. Through September 30, 2019, Aspen Snowmass Sotheby’s International Realty led local market share at 31.07% by dollar volume—an important signal of reach, negotiation strength, and client trust.

What This Means for Buyers & Sellers

For Buyers

• Expect premiums for new construction, contemporary remodels, and walkable / ski-adjacent convenience.
• Negotiate intelligently at the upper end, where supply depth can create leverage.
• Move quickly when rare, well-priced inventory appears—especially in scarce segments.

For Sellers

• Position matters: turnkey condition and modern finishes meaningfully impact demand and days on market.
• Pricing precision wins in an environment where buyers are informed and selective.
• Timing still helps: seasonal surges (like September’s condo strength) can reward strong preparation.

For a confidential valuation and strategy session, visit contact our Aspen Snowmass advisory team or explore selling in Aspen & Snowmass.

FAQ

How did Aspen single-family sold volume perform in 2019 through Q3?

Aspen single-family sold volume reached $485,960,609 through Sept. 30, 2019—up 29% year over year.

What was the average price per square foot for Aspen condos in 2019?

Average Aspen condo sold pricing reached $1,580 per square foot, an all-time high.

What was the key trend in Snowmass Village condos during 2019?

Snowmass condo sold volume rose even as transaction count declined—reflecting a premium for newer, more convenient product.

What does “inventory disparity” mean in Aspen Snowmass real estate?

It refers to the market having less overall product in some segments, but a concentration of higher-end inventory—shaping leverage and pricing strategy.