Q1 2025 Market Report | Aspen Snowmass

AspenSnowmassSIR.com Elevated Insights 2025 First Quarter, January - March Market Trends Aspen & Snowmass Village TABLE OF CONTENTS 4 | President’s Message 5 | Our Communities 6 | Local Market Dominance 7 | The Luxury Market RESIDENTIAL MARKET TRENDS OF THE ROARING FORK VALLEY 8 & 9 | Aspen 10 & 11 | Snowmass Village 12 & 13 | Woody Creek & Old Snowmass 14 & 15 | Fractionals 16 | Brand Ad Our Communities It’s with pleasure I have the opportunity to provide this introduction to the Aspen Snowmass Sotheby’s International Realty 2025 Q1 market report. The headline for this quarter is that the Aspen area real estate market has continued to be dynamic with sustained price increases in almost every neighborhood, property type and price point. Thus far in 2025 the luxury home market in Aspen Snowmass has pushed ever higher with the average price per square foot for sales in Aspen well above $3,000, and in Snowmass Village the $2,000 mark is in the rear-view mirror (with many of the new Base Village condos selling for $3,000+ per square foot). Mid and down valley areas such as Basalt, Carbondale and Glenwood Springs also continue to demonstrate pricing strength. Of course national and global economic trends are an important lens to keep in focus these days, and when it comes to the Roaring Fork Valley real estate market we tend to pay close attention to buyer confidence as a leading indicator for future shifts. The number of available listings in our market remains quite low relative to historical reference points, and the discount off the list price buyers are settling on in the Aspen area market continues to be around 95%+/- of the listing price. Both of those metrics favor local sellers for now, and we’ll be watching closely this year to keep you informed of changes in the market dynamics. Aspen Snowmass Sotheby’s International Realty has been the #1 real estate firm in the Roaring Fork Valley for over 20 years – our mission is to be the firm in the Roaring Fork Valley and surrounding areas where real estate clients want to do business and real estate professionals want to work. Stop by one of our offices throughout the Roaring Fork Valley today. Silt Aspen New Castle IN THE ROARING FORK VALLEY AND BEYOND Glenwood Springs Rifle Old Snowmass Parachute Woody Creek Basalt Basalt 201 Midland Avenue 970.927.8080 780 E Valley Road 970.927.8080 Carbondale 333 River Valley Ranch Drive 970.963.0400 Glenwood Springs 150 West Meadows Drive 970.366.3511 Snowmass Village Today’s Real Estate in  the Roaring Fork Valley Andrew Ernemann, President Doing More is Our Distinction THE PROOF IS IN THE NUMBERS Aspen Flagship Office:  415 E Hyman Avenue 970.925.6060 730 E Durant Avenue 970.925.1100 300 S Spring Street 970.925.6060 Snowmass Village 50 Snowmass Village Mall 970.923.2006 110 Carriage Way, Unit 3102 970.923.2006 Redstone #1 local Real Estate Firm and vacation Rental agency 25+ Years as local Market Leader 172 Agents 25+ Support Staff 60+ Local Charities Supported N Carbondale Marble 9 Compass Colorado Coldwell Banker Mason Morse - Aspen 8 3 6 Slifer Smith & Frampton RFV Local Market Dominance We’ve been the local market leader for more than twenty years. 3 2 4 10 8 Aspen Snowmass Sotheby's International Realty All closings from January 1 through April 1, 2025. Information is deemed to be reliable, but is not guaranteed. Source: The Aspen Glenwood MLS Top 10 Companies Sides $ Volume Market Share Aspen Snowmass Sotheby's International Realty 153.5 $455,647,725 21.24% Coldwell Banker Mason Morse-Aspen 101 $346,181,029 16.13% Compass Colorado 47 $194,460,000 9.06% Slifer Smith & Frampton RFV 35.5 $168,691,358 7.86% Christie's International Real Estate Aspen Snowmass 20 $165,115,431 7.7% Engel & Volkers 55.5 $153,293,966 7.14% Douglas Elliman Real Estate-Durant 38 $133,115,431 6.2% Whitman Fine Properties 3 $64,150,000 2.99% AG Aspen 3 $56,595,000 2.64% The Property Shop 25 $20,250,000 0.94% All Others 498.5 $388,118,807 18.1% 1 Compass Colorado Christie's International Real Estate 5 The Luxury Market 2 Closings Over $5 Million in Aspen & Snowmass Village Douglas Elliman Real Estate 7 6 5 Aspen Snowmass Sotheby's International Realty Coldwell Banker Mason Morse - Aspen Christie's International Real Estate Top 10 Companies Sides $ Volume Market Share Aspen Snowmass Sotheby's International Realty 23 $263,067,000 21.28% Coldwell Banker Mason Morse 13.5 $241,453,508 19.53% Christie's International Real Estate 9 $144,440,000 11.68% Compass Colorado 12 $127,530,000 10.31% Douglas Elliman Real Estate 7.5 $116,130,000 9.39% Engel & Volkers 5.5 $85,827,000 6.94% Slifer Smith & Frampton RFV 7 $69,970,000 5.66% Whitman Fine Properties 2 $60,950,000 4.93% AG Aspen 1 $39,500,000 3.19% Lorrie B Aspen, Inc. 1 $17,500,000 1.42% All Others 6.5 $70,021,612 5.66% 9 7 4 1 All closings from January 1 through April 1, 2025. Information is deemed to be reliable, but is not guaranteed. Source: The Aspen Glenwood MLS 10 Year Over Year Q1 2024 Q1 2025 % Change Average Sold Price $4,643,004 $6,430,200 38% Average Sold Price per Sq. Ft. $3,124 $3,340 7% Average Days on Market 138 204 48% % Sold Price to Original List Price 96% 93% -3% Lowest Sold Price $1,050,000 $825,000 -21% Highest Sold Price $14,000,000 $37,500,000 168% Number of Properties Sold 32 30 -6% Total Dollar Volume Sold $148,576,125 $192,906,000 30% End of Quarter Active Inventory 97 73 -25% Aspen CONDOMINIUMS, TOWNHOMES & DUPLEXES SINGLE FAMILY HOMES Year Over Year Q1 2024 Q1 2025 % Change Average Sold Price $15,681,333 $18,169,680 16% Average Sold Price per Sq. Ft. $3,389 $3,821 13% Average Days on Market 264 179 -32% % Sold Price to Original List Price 91% 96% 5% Lowest Sold Price $4,000,000 $6,100,000 53% Highest Sold Price $36,975,000 $39,500,000 7% Number of Properties Sold 15 17 13% Total Dollar Volume Sold $235,220,000 $308,884,559 31% End of Quarter Active Inventory 78 96 23% Snowmass Village Year Over Year Q1 2024 Q1 2025 % Change Average Sold Price $2,450,903 $3,374,904 38% Average Sold Price per Sq. Ft. $1,746 $2,236 28% Average Days on Market 89 119 34% % Sold Price to Original List Price 96% 95% -1% Lowest Sold Price $200,000 $232,500 16% Highest Sold Price $9,500,000 $13,400,000 41% Number of Properties Sold 34 26 -24% Total Dollar Volume Sold $83,330,700 $87,747,500 5% End of Quarter Active Inventory 116 99 -15% SINGLE FAMILY HOMES CONDOMINIUMS, TOWNHOMES & DUPLEXES SINGLE FAMILY HOMES Residential and Fractional Market Trends, January to March 2025 Year Over Year Q1 2024 Q1 2025 % Change Average Sold Price $7,150,000 $10,664,444 49% Average Sold Price per Sq. Ft. $1,736 $2,391 38% Average Days on Market 96 122 27% % Sold Price to Original List Price 94% 95% 1% Lowest Sold Price $4,900,000 $4,050,000 -17% Highest Sold Price $12,900,000 $22,250,000 72% Number of Properties Sold 8 9 13% Total Dollar Volume Sold $57,200,000 $95,980,000 68% End of Quarter Active Inventory 22 16 -27% Woody Creek & Old Snowmass WOODY CREEK - SINGLE FAMILY HOMES Year Over Year Q1 2024 Q1 2025 % Change Average Sold Price $14,350,000 No Sales 100% Average Sold Price per Sq. Ft. $1,407 Average Days on Market 280 % Sold Price to Original List Price 85% Lowest Sold Price $14,350,000 Highest Sold Price $14,350,000 Number of Properties Sold 1 Total Dollar Volume Sold $14,350,000 End of Quarter Active Inventory 7 12 71% Residential Market Trends, January to March 2025 OLD SNOWMASS - SINGLE FAMILY HOMES Year Over Year Q1 2024 Q1 2025 % Change Average Sold Price $2,525,000 $3,231,810 28% Average Sold Price per Sq. Ft. $826 $1,158 40% Average Days on Market 242 177 -27% % Sold Price to Original List Price 74% 98% 32% Lowest Sold Price $2,525,000 $2,275,000 -10% Highest Sold Price $2,525,000 $4,970,431 97% Number of Properties Sold 1 3 200% Total Dollar Volume Sold $2,525,000 $9,695,431 284% End of Quarter Active Inventory 9 11 22% Residential and Fractional Market Trends, January to March 2025 Year Over Year Q1 2024 Q1 2025 % Change Average Sold Price $429,286 $482,188 12% Average Sold Price per Sq. Ft. $206 $227 10% Average Days on Market 170 124 -27% % Sold Price to Original List Price 93% 93% 0% Lowest Sold Price $290,000 $180,000 -38% Highest Sold Price $605,000 $690,000 14% Number of Properties Sold 7 8 14% Total Dollar Volume Sold $3,005,000 $3,857,500 28% End of Month Active Inventory 17 17 0% Year Over Year Q1 2024 Q1 2025 % Change Average Sold Price $298,457 $350,909 18% Average Sold Price per Sq. Ft. $161 $184 14% Average Days on Market 195 279 43% % Sold Price to Original List Price 90% 92% 2% Lowest Sold Price $20,000 $22,000 10% Highest Sold Price $2,350,000 $1,700,000 -28% Number of Properties Sold 23 35 52% Total Dollar Volume Sold $6,864,500 $12,281,825 79% End of Month Active Inventory 132 134 2% ASPEN FRACTIONALS Fractionals SNOWMASS VILLAGE FRACTIONALS We’re proud to be the leading real estate firm and luxury vacation rental agency in the Roaring Fork Valley. Let’s make your dreams a reality. Get in touch today. AspenSnowmassSIR.com | 970.925.6060 There’s promises, and then there’s performance. AspenSnowmassSIR.com | 970.925.6060