For market watchers on any side of the equation, the breakneck pace of sales leads to an obvious question: How long can a frenzy like this one last?

"We’ve seen markets like Aspen, Colorado, more than double sales volume for our company,” says Philip A. White Jr., president and CEO, Sotheby’s International Realty. “There are so many examples like this. We have an office in Destin, Florida, that’s done US$2 billion in sales volume through November 2021, and it’s less than 100 agents in the panhandle of Florida. Park City, Utah, is a similar story.”

Being the best is about more than just sales volume. The data in these reports speak to more than just our performance, but our expert brokers’ unwavering dedication to delivering unparalleled service and unrivaled results for our clients, every time. As the number one brokerage in the Roaring Fork Valley for more than 20 years, we consider consistency a benchmark of our success.

Metaphorically, the pinball machine that is the local real estate market continues to bounce off the bumpers. As 2021 draws to a close, total sales in Pitkin County alone are expected to top $3 billion for the second year in a row. Add our valley’s corners of Eagle and Garfield counties and the final numbers are sure to be as staggering as they are record shattering.

MLS stats show 188 single-family homes were sold from Aspen to Glenwood Springs in just this fourth quarter alone. That number does not include condos, townhomes or land. The lowest priced sale was $400,000 for a double-wide in Aspen Village. Highest was a gated compound in the West End which traded for $38.5 million.

In all, 15 homes sold in that three month timeframe commanded $10 million or more, five topped $20 million, and four closed above $30 million. And with another week to go, 75 are showing pending with five of those priced over $30 million.

But this may be this beast’s last gasp, as indications are clear the market is changing and will be markedly different from the past two years. Inventory is down 30%. Prices are up 40%. Even the ultra-wealthy are wary of finding themselves without a chair if the music should stop.

Even so, demand remains high. Listings are selling 50% faster than before the pandemic. Sales of properties before they hit the market is up significantly. There will certainly be activity in 2022, deals will get done, but to those who watch the numbers, there’s no doubt it’s slowing.

It’s been another amazing year for me and my team and it’s all because of you! Scroll down to see a video of what we sold along with a heartfelt Thank You! As always, if you’re here over the holidays and have time to connect, please reach out whether for a lap on the hill or to shop for property. It’s an amazing time to be here but no matter where you are I hope you and yours enjoy a restful holiday with loved ones and friends. And a Happy New Year!