v.2.2f The Estin Report publishes a 10-page monthly Aspen real estate market “Snapshot” on or near the 1st Monday of each month or quarter. YTD metrics (Jan 1—Mar 31st) represent Q1. The Snapshot presents a “bottom line” summary and raw data of the subject month and YTD performance for residential real estate sales in Aspen and Snowmass with three sections: 1) Total combined Aspen Snowmass Village Market; 2) The Aspen Market; 3) The Snowmass Village Market. It features charts, tables and 30-day live links to photos and details of sold properties and compares the subject month to the same time in prior years. The Snapshots are the only Aspen and Snowmass Village property sales information widely published in a timely and consistent manner early each month.
The 12-page report is downloadable as PDF from link on the upper right of this page. Ecerpted tables and charts are below.
BOTTOM LINE
Not a pretty picture unless you love the color red. Why so down ? Some thoughts …
1. Local: lack of snow, winter drought. poor skiing, visitors hold back.
2. Election Effect: Year over year comparisons may be unfair, unrealistic: Q1 2025 post Trump’s election brought near record quarter stock market gains in Jan and Feb followed by a deterioration in March due to trade uncertainty, high tech stock corrections and changing economic forecasts. It’s probably unreasonable for Q1 2026 to be directly compared to a year ago.
2. Unit Sales: Q1 2026 were dramatically off, the lowest 1st quarter performance since 2020 – see the Snapshot Pg 5 bottom.
3. On-going Macro Concerns: Tariff and Federal Reserve controversies continue persistent uncertainty.
4. Current Disruption: Iran War has added even greater unease.
5. Prices are High. We may be seeing resistance, a pull-back of buyer interest for this simple fact alone.(The reasons for high prices are explored in 2025 Year in Review, exec. summary pgs 5-10)
6. Uncertainty = Hesitation: There’s obviously still a lot of extreme wealth around, but generally it seems clients are in a wait and see mode.
7. Big But, Big Caveat: While March unit sales (actual closings) for Aspen declined -50% YoY from 24 last March to 12 now and Snowmass -46% from 13 to 7, in a radical turnaround, the number of properties going under contract in March, typically a strong month for sales activity as ski season winds down, was up 100% in both Aspen (28 now vs 14 then) and Snowmass (22 vs 11). Under contracts are a key indicator of future activity. And while uncertainty presents greater risk, there are likely to be buyer opportunities as well.
Pg 2:
Q1 2026 Sold Median Prices and Median Price/SqFt
(Pg 4 top)
(Pg 4 bottom)
Pg 7 top:
Pg 9 top:
Links to Aspen and Snowmass Village Sold Property Photos and Details:
Aspen Q1 26 Closed Properties.
Snowmass Village Q1 26 Closed Properties.
Vacant Lots Q1 26 Closed Properties.
(Links will expire in 30 days on May 1, 26)
Disclaimer: The statements made in the Estin Report and on Aspen broker Tim Estin’s blog represent the opinions of the author and should not be relied upon exclusively to make real estate decisions. A potential buyer and/or seller is advised to make an independent investigation of the market and of each property before deciding to purchase or to sell. To the extent the statements made herein report facts or conclusions taken from other sources, the information is believed by the author to be reliable, however, the author makes no guarantee concerning the accuracy of the facts and conclusions reported herein. Information concerning particular real estate opportunities can be requested from Tim Estin at 970.309.6163 (cell/txt) or by email tim@estinaspen.com
The Estin Report is copyrighted 2026 and all rights reserved.
Use is permitted subject to this attribution:
“Estin Report on the Aspen real estate market“
with an active link to www.EstinAspen.com.
