Q3 2025 Market Report | ASSIR Roaring Fork Valley

AspenSnowmassSIR.com Elevated Insights 2025 THIRD Quarter, JANUARY - September Market Trends ROARING FORK VALLEY 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 | Fractionals 14 & 15 | Woody Creek & Old Snowmass 16 & 17 | Basalt 18 & 19 | Carbondale 20 & 21 | Glenwood Springs 22 | New Castle 23 | Silt 24 | Rifle THE LAND REPORT 26 - 28 | Residential Land Report Our Communities Welcome to the Aspen Snowmass Sotheby’s International Realty 2025 Q3 market report. As the #1 real estate firm in the Roaring Fork Valley we are uniquely positioned to assist more buyers, sellers, landlords and tenants than any other real estate company in the Aspen Snowmass area. Our inside view of the local real estate market allows us to provide our clients with the information and advice they need to make confident decisions. It's been an interesting year for real estate in Aspen Snowmass. Contrary to the media reports about slower luxury real estate sales in many parts of the United States, our local market continues to demonstrate strength. The numbers don’t lie, and you’ll see in this report that the average price per square foot for residential sales in Aspen is well above $3,000 per square foot (and continuing to rise). Snowmass Village sales have found firm footing north of $2,000 per square foot on average. Listing inventory has risen modestly in some areas of the Roaring Fork Valley in 2025, while certain price points and neighborhoods continue to be starved for more listings. Sellers still generally have strong negotiating power, and although it seems as though there are more price reductions now than in the recent past, the practical reality is if a property is priced appropriately there are buyers ready to take action. Regardless of the always dynamic market statistics one thing hasn’t changed, Aspen, Snowmass Village and the entire Roaring Fork Valley is a special place to call “home”. Please dig in and read on… 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 Douglas Elliman Real Estate- Durant 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 September 30, 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 435 $1,298,660,821 19.65% Coldwell Banker Mason Morse-Aspen 358 $882,509,904 13.35% Compass Colorado 210 $769,380,316 11.64% Douglas Elliman Real Estate-Durant 109.5 $736,099,707 11.14% Christie's International Real Estate Aspen Snowmass 95 $502,859,122 7.61% Engel & Volkers 140.5 $378,080,476 5.72% Slifer Smith & Frampton RFV 103 $226,634,237 3.43% Whitman Fine Properties 10.5 $105,060,000 1.59% eXp Realty LLC 87.5 $78,087,700 1.18% Plus Real Estate 20 $72,076,612 1.09% All Others 1825.5 $1,454,107,622 22.08% 1 Christie's International Real Estate Aspen Compass Colorado 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 61.5 $741,849,500 21.99% Douglas Elliman Real Estate 28.5 $583,478,712 17.30% Coldwell Banker Mason Morse- Aspen 26 $506,857,220 15.03% Compass Colorado 35 $454,657,000 13.48% Christie's International Real Estate Aspen Snowmass (216506643) 26 $367,090,000 10.88% Engel & Volkers 18.5 $205,577,000 6.09% Whitman Fine Properties 3.5 $86,640,000 2.57% Slifer Smith & Frampton RFV 7 $69,970,000 2.07% Alpine Property Management 5 $62,770,000 1.86% Plus Real Estate 5 $48,861,612 1.45% All Others 20 $214,819,500 7.29% 9 7 4 1 All closings from January 1 through September 30, 2025. Information is deemed to be reliable, but is not guaranteed. Source: The Aspen Glenwood MLS 10 SINGLE FAMILY HOMES Aspen CONDOMINIUMS, TOWNHOMES & DUPLEXES Year Over Year Q3 2024 Q3 2025 % Change Average Sold Price $19,946,216 $18,071,039 -9% Average Sold Price per Sq. Ft. $3,362 $3,667 9% Average Days on Market 257 146 -43% % Sold Price to Original List Price 92% 94% 2% Lowest Sold Price $3,550,000 $2,176,000 -39% Highest Sold Price $108,000,000 $58,250,000 -46% Number of Properties Sold 51 59 16% Total Dollar Volume Sold $1,017,257,000 $1,066,191,272 5% End of Quarter Active Inventory 101 103 2% Year Over Year Q3 2024 Q3 2025 % Change Average Sold Price $4,827,234 $4,904,833 2% Average Sold Price per Sq. Ft. $3,160 $3,314 5% Average Days on Market 150 161 7% % Sold Price to Original List Price 95% 94% -1% Lowest Sold Price $775,000 $825,000 6% Highest Sold Price $31,950,000 $37,500,000 17% Number of Properties Sold 82 77 -6% Total Dollar Volume Sold $395,833,200 $377,672,122 -5% End of Quarter Active Inventory 87 84 -3% Snowmass Village Year Over Year Q3 2024 Q3 2025 % Change Average Sold Price $2,658,617 $2,928,941 10% Average Sold Price per Sq. Ft. $1,814 $2,000 10% Average Days on Market 102 126 24% % Sold Price to Original List Price 95% 95% 0% Lowest Sold Price $200,000 $205,000 3% Highest Sold Price $9,500,000 $15,150,000 59% Number of Properties Sold 88 68 -23% Total Dollar Volume Sold $233,958,255 $199,168,000 -15% End of Quarter Active Inventory 113 91 -19% SINGLE FAMILY HOMES CONDOMINIUMS, TOWNHOMES & DUPLEXES SINGLE FAMILY HOMES Residential Market Trends, June to September 2025 Year Over Year Q3 2024 Q3 2025 % Change Average Sold Price $8,914,023 $9,126,724 2% Average Sold Price per Sq. Ft. $1,853 $2,227 20% Average Days on Market 141 114 -19% % Sold Price to Original List Price 94% 96% 2% Lowest Sold Price $3,686,000 $3,500,000 -5% Highest Sold Price $24,500,000 $22,250,000 -9% Number of Properties Sold 22 29 32% Total Dollar Volume Sold $196,108,500 $264,675,000 35% End of Quarter Active Inventory 25 17 -32% Fractional Market Trends, January to September 2025 Year Over Year Q3 2024 Q3 2025 % Change Average Sold Price $396,611 $432,196 9% Average Sold Price per Sq. Ft. $198 $304 54% Average Days on Market 162 134 -17% % Sold Price to Original List Price 88% 91% 3% Lowest Sold Price $180,000 $180,000 0% Highest Sold Price $609,000 $775,000 27% Number of Properties Sold 18 23 28% Total Dollar Volume Sold $7,139,000 $9,940,500 39% End of Month Active Inventory 19 21 11% Year Over Year Q3 2024 Q3 2025 % Change Average Sold Price $332,110 $402,298 21% Average Sold Price per Sq. Ft. $181 $206 14% Average Days on Market 242 210 -13% % Sold Price to Original List Price 90% 92% 2% Lowest Sold Price $17,000 $18,000 6% Highest Sold Price $2,350,000 $4,250,000 81% Number of Properties Sold 98 94 -4% Total Dollar Volume Sold $32,546,750 $37,816,025 16% End of Month Active Inventory 126 116 -8% ASPEN FRACTIONALS Fractionals SNOWMASS VILLAGE FRACTIONALS Woody Creek & Old Snowmass WOODY CREEK - SINGLE FAMILY HOMES Year Over Year Q3 2024 Q3 2025 % Change Average Sold Price $22,262,333 $7,331,875 -67% Average Sold Price per Sq. Ft. $2,371 $1,784 -25% Average Days on Market 117 167 43% % Sold Price to Original List Price 96% 95% -1% Lowest Sold Price $6,400,000 $590,000 -91% Highest Sold Price $46,037,000 $16,750,000 -64% Number of Properties Sold 3 8 167% Total Dollar Volume Sold $66,787,000 $58,655,000 -12% End of Quarter Active Inventory 15 19 27% Residential Market Trends, January to September 2025 OLD SNOWMASS - SINGLE FAMILY HOMES Year Over Year Q3 2024 Q3 2025 % Change Average Sold Price $3,840,125 $3,399,149 -11% Average Sold Price per Sq. Ft. $1,106 $1,088 -2% Average Days on Market 195 219 12% % Sold Price to Original List Price 86% 94% 9% Lowest Sold Price $2,385,500 $1,450,000 -39% Highest Sold Price $7,000,000 $4,970,431 -29% Number of Properties Sold 4 13 225% Total Dollar Volume Sold $15,360,500 $44,188,931 188% End of Quarter Active Inventory 23 18 -22% SINGLE FAMILY HOMES Year Over Year Q3 2024 Q3 2025 % Change Average Sold Price $2,728,847 $2,236,704 -18% Average Sold Price per Sq. Ft. $1,009 $810 -20% Average Days on Market 130 140 8% % Sold Price to Original List Price 96% 96% 0% Lowest Sold Price $875,000 $695,000 -21% Highest Sold Price $15,000,000 $12,500,000 -17% Number of Properties Sold 34 34 0% Total Dollar Volume Sold $92,780,800 $76,047,945 -18% End of Quarter Active Inventory 34 41 21% Basalt CONDOMINIUMS, TOWNHOMES & DUPLEXES Year Over Year Q3 2024 Q3 2025 % Change Average Sold Price $1,409,140 $1,783,802 27% Average Sold Price per Sq. Ft. $842 $1,050 25% Average Days on Market 151 214 42% % Sold Price to Original List Price 97% 97% 0% Lowest Sold Price $685,000 $510,000 -26% Highest Sold Price $3,100,000 $4,750,000 53% Number of Properties Sold 33 48 45% Total Dollar Volume Sold $46,501,609 $85,622,500 84% End of Quarter Active Inventory 75 110 47% Residential Market Trends, January to September 2025 Carbondale CONDOMINIUMS, TOWNHOMES & DUPLEXES Year Over Year Q3 2024 Q3 2025 % Change Average Sold Price $1,053,274 $1,020,616 -3% Average Sold Price per Sq. Ft. $635 $659 4% Average Days on Market 123 84 -32% % Sold Price to Original List Price 97% 97% 0% Lowest Sold Price $455,000 $400,000 -12% Highest Sold Price $2,339,000 $2,400,000 3% Number of Properties Sold 27 27 0% Total Dollar Volume Sold $28,438,400 $27,556,625 -3% End of Quarter Active Inventory 22 25 14% Year Over Year Q3 2024 Q3 2025 % Change Average Sold Price $2,354,230 $2,968,367 26% Average Sold Price per Sq. Ft. $720 $796 11% Average Days on Market 145 116 -20% % Sold Price to Original List Price 98% 96% -2% Lowest Sold Price $850,000 $800,000 -6% Highest Sold Price $4,750,000 $21,000,000 342% Number of Properties Sold 65 60 -8% Total Dollar Volume Sold $153,024,927 $178,102,000 16% End of Quarter Active Inventory 46 56 22% SINGLE FAMILY HOMES SINGLE FAMILY HOMES Year Over Year Q3 2024 Q3 2025 % Change Average Sold Price $1,046,109 $1,259,584 20% Average Sold Price per Sq. Ft. $456 $487 7% Average Days on Market 100 99 -1% % Sold Price to Original List Price 98% 97% -1% Lowest Sold Price $360,000 $250,000 -31% Highest Sold Price $2,195,000 $2,800,000 28% Number of Properties Sold 82 104 27% Total Dollar Volume Sold $85,780,956 $130,996,686 53% End of Quarter Active Inventory 50 58 16% Year Over Year Q3 2024 Q3 2025 % Change Average Sold Price $514,469 $509,901 -1% Average Sold Price per Sq. Ft. $476 $488 2% Average Days on Market 65 91 40% % Sold Price to Original List Price 99% 98% -1% Lowest Sold Price $225,000 $152,500 -32% Highest Sold Price $950,000 $840,000 -12% Number of Properties Sold 52 46 -12% Total Dollar Volume Sold $26,752,390 $23,455,449 -12% End of Quarter Active Inventory 23 35 52% CONDOMINIUMS, TOWNHOMES & DUPLEXES Glenwood Springs Lower Colorado River Valley Glenwood Springs & New Castle Silt SINGLE FAMILY HOMES CONDOMINIUMS, TOWNHOMES & DUPLEXES Year Over Year Q3 2024 Q3 2025 % Change Average Sold Price $627,712 $711,797 13% Average Sold Price per Sq. Ft. $354 $353 0% Average Days on Market 78 78 0% % Sold Price to Original List Price 97% 97% 0% Lowest Sold Price $250,000 $350,000 40% Highest Sold Price $1,560,000 $1,450,000 -7% Number of Properties Sold 51 49 -4% Total Dollar Volume Sold $32,013,300 $34,878,050 9% End of Quarter Active Inventory 25 29 16% CONDOMINIUMS, TOWNHOMES & DUPLEXES Year Over Year Q3 2024 Q3 2025 % Change Average Sold Price $519,206 $477,867 -8% Average Sold Price per Sq. Ft. $350 $365 4% Average Days on Market 77 87 13% % Sold Price to Original List Price 99% 99% 0% Lowest Sold Price $260,000 $260,000 0% Highest Sold Price $819,000 $692,500 -15% Number of Properties Sold 33 30 -9% Total Dollar Volume Sold $17,133,789 $14,336,000 -16% End of Quarter Active Inventory 12 18 50% SINGLE FAMILY HOMES Year Over Year Q3 2024 Q3 2025 % Change Average Sold Price $727,335 $821,877 13% Average Sold Price per Sq. Ft. $381 $400 5% Average Days on Market 79 91 15% % Sold Price to Original List Price 98% 97% -1% Lowest Sold Price $300,000 $325,000 8% Highest Sold Price $1,395,000 $2,350,000 68% Number of Properties Sold 58 61 5% Total Dollar Volume Sold $42,185,431 $50,134,500 19% End of Quarter Active Inventory 30 31 3% Year Over Year Q3 2024 Q3 2025 % Change Average Sold Price $456,980 $404,409 -12% Average Sold Price per Sq. Ft. $282 $293 4% Average Days on Market 71 66 -7% % Sold Price to Original List Price 100% 98% -2% Lowest Sold Price $265,000 $250,000 -6% Highest Sold Price $600,000 $509,000 -15% Number of Properties Sold 5 11 120% Total Dollar Volume Sold $2,284,900 $4,448,500 95% End of Quarter Active Inventory 3 5 67% The Land Report SINGLE FAMILY HOMES 3 $1,288,643 $3,202,857 End of Quarter Active Inventory Average Current List Price Average Current List Price Average Current List Price End of Quarter Active Inventory $2,444,077 Year Over Year Q3 2024 Q3 2025 % Change Average Sold Price $335,943 $359,208 7% Average Sold Price per Sq. Ft. $248 $274 11% Average Days on Market 64 46 -28% % Sold Price to Original List Price 98% 99% 1% Lowest Sold Price $235,000 $125,000 -47% Highest Sold Price $399,300 $525,000 31% Number of Properties Sold 21 24 14% Total Dollar Volume Sold $7,054,800 $8,620,995 22% End of Quarter Active Inventory 7 12 71% End of Quarter Active Inventory Average Current List Price Rifle 13 21 Average Current List Price Region/Brokerage/Agent QX 202X Press Highlights End of Quarter Active Inventory $8,148,333 Year Over Year Q3 2024 Q3 2025 % Change Average Sold Price $559,532 $590,106 5% Average Sold Price per Sq. Ft. $303 $301 0% Average Days on Market 82 79 -4% % Sold Price to Original List Price 97% 97% 0% Lowest Sold Price $300,000 $185,000 -38% Highest Sold Price $2,500,000 $1,600,000 -36% Number of Properties Sold 84 80 -5% Total Dollar Volume Sold $47,000,687 $47,208,494 0% End of Quarter Active Inventory 32 79 147% Headlines 7 End of Quarter Active Inventory CONDOMINIUMS, TOWNHOMES & DUPLEXES Average Current List Price End of Quarter Active Inventory 14 Average Current List Price $838,087 2 31 End of Quarter Active Inventory Average Current List Price $2,399,000 $10,172,167 $1,052,000 Year Over Year Q3 2024 Q3 2025 % Change Average Sold Price $393,824 $352,540 -10% Average Days on Market 172 238 38% Number of Properties Sold 17 30 76% Total Dollar Volume Sold $6,695,000 $10,576,200 58% Year Over Year Q3 2024 Q3 2025 % Change Average Sold Price $828,650 $851,250 3% Average Days on Market 127 277 118% Number of Properties Sold 10 4 -60% Total Dollar Volume Sold $8,286,500 $3,405,000 -59% SNOWMASS VILLAGE Year Over Year Q3 2024 Q3 2025 % Change Average Sold Price No Sales $900,000 100% Average Days on Market No Sales 266 Number of Properties Sold No Sales 1 Total Dollar Volume Sold No Sales $900,000 GLENWOOD SPRINGS OLD SNOWMASS BASALT ASPEN Year Over Year Q3 2024 Q3 2025 % Change Average Sold Price $1,462,842 $680,972 -53% Average Days on Market 217 156 -28% Number of Properties Sold 19 29 53% Total Dollar Volume Sold $27,794,000 $19,748,200 -29% CARBONDALE Year Over Year Q3 2024 Q3 2025 % Change Average Sold Price $440,962 $547,250 24% Average Days on Market 261 327 25% Number of Properties Sold 13 8 -38% Total Dollar Volume Sold $5,732,500 $4,378,000 -24% MISSOURI HEIGHTS Year Over Year Q3 2024 Q3 2025 % Change Average Sold Price $11,405,625 $15,731,250 38% Average Days on Market 294 689 134% Number of Properties Sold 8 4 -50% Total Dollar Volume Sold $91,245,000 $62,925,000 -31% WOODY CREEK Residential Land Year Over Year Q3 2024 Q3 2025 % Change Average Sold Price No Sales $15,000,000 100% Average Days on Market No Sales $64 Number of Properties Sold No Sales 1 Total Dollar Volume Sold No Sales $15,000,000 Year Over Year Q3 2024 Q3 2025 % Change Average Sold Price No Sales $7,375,000 100% Average Days on Market No Sales 593 Number of Properties Sold No Sales 2 Total Dollar Volume Sold No Sales $14,750,000 Residential Land Year Over Year Q3 2024 Q3 2025 % Change Average Sold Price $175,062 $366,000 109% Average Days on Market 83 116 40% Number of Properties Sold 8 11 38% Total Dollar Volume Sold $1,400,500 $4,026,000 187% Year Over Year Q3 2024 Q3 2025 % Change Average Sold Price $640,907 $178,467 -72% Average Days on Market 306 145 -53% Number of Properties Sold 30 30 0% Total Dollar Volume Sold $19,227,200 $5,354,001 -72% Year Over Year Q3 2024 Q3 2025 % Change Average Sold Price $82,591 $117,348 42% Average Days on Market 121 173 43% Number of Properties Sold 11 9 -18% Total Dollar Volume Sold $908,500 $1,056,134 16% SILT Year Over Year Q3 2024 Q3 2025 % Change Average Sold Price $175,324 $174,986 0% Average Days on Market 161 107 -34% Number of Properties Sold 34 36 6% Total Dollar Volume Sold $5,961,000 $6,299,500 6% PARACHUTE/BATTLEMENT MESA Residential Land RIFLE NEW CASTLE 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.