MARKET REPORTS
Aspen Snowmass Sotheby’s International Realty offers quarterly statistics for single-family homes, condos, townhomes, and duplexes, as well as shared ownership in the following areas:
Aspen | Snowmass Village | Woody Creek | Old Snowmass
Basalt | Carbondale | Glenwood Springs | New Castle | Silt
Q4 2024 VS 2023
MARKET TRENDS
Aspen Single-Family Homes: The average price per square foot climbed to $3,320 in Q4, a 3% increase compared to the previous quarter, reaffirming Aspen’s position as a hub for high-end real estate.
Woody Creek: This hidden gem continued to shine, with a 125% jump in average sold price compared to Q4 2023, driven by buyers seeking privacy and proximity to Aspen.
Snowmass Village: Total dollar volume for property sales rose 11% year-over-year, with many buyers eyeing Snowmass for its blend of luxury and lifestyle amenities, including proximity to world-class skiing.
Basalt’s Growing Demand: While inventory decreased by 20%, the average days on market also dropped by 15%, signaling strong buyer interest and competition for available properties.
Carbondale’s Steady Growth: Carbondale saw a balanced market with average prices holding steady but sales volume up by 5%, showcasing its stability and appeal as a year-round community.
Glenwood Springs: Median sale prices saw a 7% uptick, coupled with a 9% increase in transaction volume compared to Q4 2023, highlighting its growing appeal for families and first-time buyers.
NOTABLE INSIGHTS
Listing inventory: rose in most areas over the past year. Normally, one would expect increased listings to lead to a pricing slowdown, but strong buyer demand has persisted in the greater Aspen Snowmass area.
Luxury Segment Dominance: Properties above $10 million accounted for 30% of total sales in Aspen and Snowmass, underscoring the ongoing demand for ultra-luxury homes.
As we enter 2025, the Roaring Fork Valley remains a compelling market for both buyers and sellers. Whether you’re eyeing a luxury retreat in Aspen or seeking a family-friendly home in Carbondale, the opportunities are as vibrant as the region itself.
Explore our full Q4 2024 report to dive deeper into the trends shaping this extraordinary market.
