Latest Aspen Real Estate Market Summary

This real estate market update shows continuing upward trends in total sales volume in residential home sales, condo sales and vacant land sales.. The local market real estate prices are driven by the extreme lack of local inventory from downtown Aspen throughout the entire Roaring Fork Valley. It is a challenging year for buyers. This year in June 2022, buyers paid a median price of $11.99M/$2,360 per sq ft for single family homes in the Aspen market; a year ago, they paid $12.65M/ $1,970 sq ft. Aspen today has the most expensive home sales in the United States on a price per square foot basis. Luxury homes in this housing market are the capstone of high dollar volume but all Aspen homes rank among the highest average sale prices in both the first quarter and second quarter of 2022 so far. Conversely, the Pitkin County tax rate is amongst the lowest in the country. The past year has been one of housing shortages and real estate deals that favor sellers in the extreme. The median price of a single family home in general continues upward as sellers reach higher and higher in spite of  recent increases in mortgage rates. Over 70% of Aspen property transactions close as cash even though lenders are typically behind these deals offering up super low lending rates for the purpose of relationship building with affluent Aspen clients. Real estate agents have no problem selling a home if they can actually find a seller. Aspen home prices show no signs of cooling with listing inventory at a record all-time low, and they continue to dwarf previous local real estate market peaks.

This Section contains Estin Reports: Aspen Snowmass Real Estate Market Reports and Monthly Snapshots for the Current Year 2022. Prior year reports and monthly snapshots are archived in the Past Reports section.

The reports are:
1) Bi-Annual/Annual: State of  the Aspen Snowmass Residential Real Estate Market Report.
2) Monthly Aspen Snowmass Residential Market Report Snapshots: Aspen Snowmass real estate summary (10 pages of detailed monthly stats and ‘bottom line’ commentary) released on or near the 1st Monday of each month. Includes sales stats by neighborhoods in 6-month periods that includes the subject month (Pgs 7 & 9).
3) Weekly Blog: Aspen Snowmass Weekly property closings and under contract activity is posted every Monday morning, sometimes in-between. Lots of photos, details and comments. At the bottom of the Blog Section are the Blog Archives by year from 2006.
4) Aspen Snowmass Real Estate Historic Pace of Sales Charts: updated every quarter showing Aspen and Snowmass Village residential dollar and unit real estate sales by area and property types (past 10 yrs) and trend lines.

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