Market Report 2022 Third Quarter Glenwood Springs New Castle Silt Rifle Carbondale Basalt Old Snowmass Snowmass Village Aspen
Today’s Real Estate in the Roaring Fork Valley
Thank you for reading the Aspen Snowmass Sotheby’s International Realty 2022 Third Quarter Market Report! Aspen Snowmass Sotheby’s International Realty is your local luxury real estate authority; we help our clients buy and sell more homes than any other brokerage in the Roaring Fork Valley. As the brokerage with the largest presence throughout this valley, our mission is to represent the pinnacle of real estate talent; to be a place where clients want to do business and real estate professionals want to work.
Prices have risen significantly in our local markets over the past few years, and most neighborhoods have experienced a 15-20%+ jump in the average price per square foot for sold properties in comparison to this time last year. While it’s been a phenomenal “seller’s market” as of late, there are signs the market is shifting: listing inventory is on the rise since the spring of 2022, and although sales activity remains robust, it certainly has tapered from the record setting pace of 2020 and 2021.
The upper end of the luxury market continues to defy historic sales trends and our firm is proud to have represented several of the marquis closings this year. Off-market listing opportunities are more sought-after than ever, and our agents continue to prove they have the leverage and insight to connect buyers and sellers regardless of price point, location or type of property.
While it’s been a phenomenal “seller’s market” as of late, there are signs the market is shifting
It’s been a stunningly beautiful fall season in the Roaring Fork Valley, and with snow already on the high peaks we are moving quickly towards winter with optimism about the continued desirability of prime real estate (and also for great snow this winter!). Thanks again for reading and enjoy our latest insight on your local markets.
Andrew Ernemann, President Aspen Snowmass Sotheby’s International RealtyInterested in additional information not included in the report? Wondering how this insight could be advantageous to you and your personal real estate goals? Our expert brokers are here to help. Get in touch today. AspenSnowmassSIR.com | 970.925.6060
Glenwood Springs 2021 vs. 2022 Third Quarter Average Sold Price Average Sold Price per Square Foot Lowest Price Sold Highest Price Sold Average Days on Market % Sold Price to Original List Price Number of Properties Sold Total Sales Volume 2021 – $831,679 2022 – $964,765 2021 – $335 2022 – $402 2021 – $329,000 2022 – $295,000 2021 – $3,350,000 2022 – $2,300,000 2021 – 87 2022 – 90 2021 – 99% 2022 – 99% 2021 – 169 2022 – 129 2021 – $140,553,739 2022 – $124,454,724 16%^ 20%^ -10%^ -24%^ -31%^ -11%^ 3%^ 0% Single–Family Homes Condominiums, Townhomes & Duplexes Average Sold Price Average Sold Price per Square Foot Lowest Price Sold Highest Price Sold Average Days on Market % Sold Price to Original List Price Number of Properties Sold Total Sales Volume 2021 – $396,892 2022 – $533,656 2021 – $306 2022 – $362 2021 – $85,000 2022 – $130,000 2021 – $975,000 2022 – $879,000 2021 – 52 2022 – 95 2021 – 100% 2022 – 99% 2021 – 67 2022 – 81 2021 – $26,591,750 2022 – $43,226,120 34%^ 18%^ 53%^ -10%^ 83%^ -1%^ 21%^ 63%^
New Castle 2021 – $343,890 2022 – $392,893 2021 – $252 2022 – $298 2021 – $217,000 2022 – $255,000 2021 – $575,000 2022 – $692,000 Average Sold Price Average Sold Price per Square Foot Lowest Price Sold Highest Price Sold Average Days on Market % Sold Price to Original List Price Number of Properties Sold Total Sales Volume 2021 – 54 2022 – 48 2021 – 100% 2022 – 101% 2021 – 49 2022 – 46 2021 – $16,850,600 2022 – $18,073,090 14%^ 18%^ 18%^ 20%^ -11%^ 1%^ -6%^ 7%^ Single–Family Homes 2021 vs. 2022 Third Quarter Average Sold Price Average Sold Price per Square Foot Lowest Price Sold Highest Price Sold Average Days on Market % Sold Price to Original List Price Number of Properties Sold Total Sales Volume Condominiums, Townhomes & Duplexes 2021 – $577,910 2022 – $670,041 2021 – $258 2022 – $309 2021 – $140,000 2022 – $380,000 2021 – $1,350,000 2022 – $1,300,000 2021 – 80 2022 – 85 2021 – 99% 2022 – 99% 2021 – 74 2022 – 66 2021 – $42,765,336 2022 – $44,222,680 16%^ 20%^ 171%^ -4%^ 6%^ 0% -11%^ 3%^
Silt 2021 vs. 2022 Third Quarter Condominiums, Townhomes & Duplexes Single–Family Homes Average Sold Price Average Sold Price per Square Foot Lowest Price Sold Highest Price Sold Average Days on Market % Sold Price to Original List Price Number of Properties Sold Total Sales Volume 2021 – $511,613 2022 – $553,023 2021 – $255 2022 – $287 2021 – $250,000 2022 – $305,000 2021 – $1,050,000 2022 – $1,200,000 2021 – 76 2022 – 85 2021 – 99% 2022 – 99% 2021 – 71 2022 – 61 2021 – $36,324,544 2022 – $33,734,433 8%^ 13%^ 22%^ 14%^ 12%^ 0% -14%^ -7%^ Average Sold Price Average Sold Price per Square Foot Lowest Price Sold Highest Price Sold Average Days on Market % Sold Price to Original List Price Number of Properties Sold Total Sales Volume 2021 – $359,250 2022 – $365,444 2021 – $184 2022 – $244 2021 – $259,000 2022 – $180,000 2021 – $440,000 2022 – $439,000 2021 – 47 2022 – 47 2021 – 100% 2022 – 99% 2021 – 8 2022 – 9 2021 – $2,874,900 2022 – $3,289,000 2%^ 32%^ -31%^ 0%^ -1%^ 0% 13%^ 14%^
Rifle 2021 vs. 2022 Third Quarter Lowest Price Sold Highest Price Sold Number of Properties Sold Total Sales Volume 2021 – $190,000 2022 – $140,000 2021 – $912,500 2022 – $1,500,000 2021 – 154 2022 – 119 2021 – $63,987,041 2022 – $58,377,655 -26%^ 64%^ -23%^ -9% Single–Family Homes Average Sold Price Average Sold Price per Square Foot Lowest Price Sold Highest Price Sold Average Days on Market % Sold Price to Original List Price Number of Properties Sold Total Sales Volume 2021 – $250,887 2022 – $281,903 2021 – $183 2022 – $221 2021 – $147,000 2022 – $150,000 2021 – $435,000 2022 – $375,000 2021 – 103 2022 – 112 2021 – 101% 2022 – 100% 2021 – 62 2022 – 31 2021 – $15,555,000 2022 – $8,739,000 12%^ 21%^ 2%^ -14%^ 9%^ -1%^ -50%^ -44%^ Condominiums, Townhomes & Duplexes Average Sold Price Average Sold Price per Square Foot Average Days on Market % Sold Price to Original List Price 2021 – $415,500 2022 – $490,569 2021 – $232 2022 – $271 2021 – 77 2022 – 78 2021 – 99% 2022 – 99% 18%^ 17%^ 1%^ 0%
Carbondale 2021 – $667,281 2022 – $911,212 2021 – $424 2022 – $506 2021 – $306,818 2022 – $335,000 2021 – $1,650,000 2022 – $2,350,000 Average Sold Price Average Sold Price per Square Foot Lowest Price Sold Highest Price Sold Average Days on Market % Sold Price to Original List Price Number of Properties Sold Total Sales Volume 2021 – 143 2022 – 178 2021 – 100% 2022 – 100% 2021 – 74 2022 – 43 2021 – $49,378,766 2022 – $39,182,109 37%^ 19%^ 9%^ 42%^ 24%^ 0% -42%^ -21%^ Single–Family Homes 2021 vs. 2022 Third Quarter Average Sold Price Average Sold Price per Square Foot Lowest Price Sold Highest Price Sold Average Days on Market % Sold Price to Original List Price Number of Properties Sold Total Sales Volume Condominiums, Townhomes & Duplexes 2021 – $1,554,416 2022 – $1,910,120 2021 – $471 2022 – $600 2021 – $535,000 2022 – $600,000 2021 – $5,300,000 2022 – $7,500,000 2021 – 92 2022 – 127 2021 – 99% 2022 – 98% 2021 – 87 2022 – 51 2021 – $135,234,175 2022 – $97,416,116 23%^ 27%^ 12%^ 42%^ 38%^ -1%^ -41%^ -28%^
2021 – $1,600,368 2022 – $1,661,374 2021 – $557 2022 – $628 2021 – $340,000 2022 – $805,000 2021 – $9,200,000 2022 – $4,400,000 Average Sold Price Average Sold Price per Square Foot Lowest Price Sold Highest Price Sold Average Days on Market % Sold Price to Original List Price Number of Properties Sold Total Sales Volume 2021 – 155 2022 – 104 2021 – 97% 2022 – 99% 2021 – 66 2022 – 34 2021 – $109,650,665 2022 – $54,412,500 -4%^ 13%^ 137%^ -52%^ -33%^ 2%^ -48%^ -50%^ Single–Family Homes Basalt 2021 vs. 2022 Third Quarter Condominiums, Townhomes & Duplexes Average Sold Price Average Sold Price per Square Foot Lowest Price Sold Highest Price Sold Average Days on Market % Sold Price to Original List Price Number of Properties Sold Total Sales Volume 2021 – $836,072 2022 – $1,186,201 2021 – $537 2022 – $746 2021 – $320,000 2022 – $340,000 2021 – $2,900,000 2022 – $2,998,000 2021 – 87 2022 – 150 2021 – 100% 2022 – 100% 2021 – 72 2022 – 77 2021 – $60,197,200 2022 – $91,337,500 42%^ 39%^ 6%^ 3%^ 72%^ 0% 7%^ 52%^
Old Snowmass 2021 vs. 2022 Third Quarter Average Sold Price Average Sold Price per Square Foot Lowest Price Sold Highest Price Sold Average Days on Market % Sold Price to Original List Price Number of Properties Sold Total Sales Volume 2021 – $2,756,382 2022 – $5,853,267 2021 – $714 2022 – $1,112 2021 – $695,000 2022 – $395,000 2021 – $7,000,000 2022 – $41,000,000 2021 – 134 2022 – 217 2021 – 97% 2022 – 95% 2021 – 17 2022 – 15 2021 – $46,858,500 2022 – $87,799,000 112%^ 56%^ 486%^ 62%^ -2%^ -12%^ 87%^ Single–Family Homes -43%^
Snowmass Village 2021 – $5,331,991 2022 – $7,398,176 2021 – $1,239 2022 – $1,613 2021 – $1,660,000 2022 – $2,925,000 2021 – $12,500,000 2022 – $18,250,000 Average Sold Price Average Sold Price per Square Foot Lowest Price Sold Highest Price Sold Average Days on Market % Sold Price to Original List Price Number of Properties Sold Total Sales Volume 2021 – 193 2022 – 183 2021 – 97% 2022 – 96% 2021 – 56 2022 – 29 2021 – $298,591,500 2022 – $214,547,114 39%^ 30%^ 76%^ 46%^ -5%^ -1%^ -48%^ -28%^ Single–Family Homes 2021 vs. 2022 Third Quarter Condominiums, Townhomes & Duplexes Average Sold Price Average Sold Price per Square Foot Lowest Price Sold Highest Price Sold Average Days on Market % Sold Price to Original List Price Number of Properties Sold Total Sales Volume 2021 – $1,304,818 2022 – $1,992,704 2021 – $931 2022 – $1,512 2021 – $109,500 2022 – $145,000 2021 – $9,000,000 2022 – $6,600,000 2021 – 151 2022 – 88 2021 – 98% 2022 – 98% 2021 – 188 2022 – 89 2021 – $245,305,812 2022 – $177,350,650 53%^ 62%^ 32%^ -27%^ -42%^ 0% -53%^ -28%^
2021 – $13,162,814 2022 – $18,392,902 2021 – $2,182 2022 – $3,109 2021 – $3,100,000 2022 – $1,300,000 2021 – $72,500,000 2022 – $60,000,000 Average Sold Price Average Sold Price per Square Foot Lowest Price Sold Highest Price Sold Average Days on Market % Sold Price to Original List Price Number of Properties Sold Total Sales Volume 2021 – 279 2022 – 166 2021 – 95% 2022 – 97% 2021 – 92 2022 – 52 2021 – $1,210,978,921 2022 – $956,430,909 40%^ 30%^ -58%^ -17%^ -41%^ 2%^ -43%^ -21%^ Single–Family Homes Aspen 2021 vs. 2022 Third Quarter Condominiums, Townhomes & Duplexes Average Sold Price Average Sold Price per Square Foot Lowest Price Sold Highest Price Sold Average Days on Market % Sold Price to Original List Price Number of Properties Sold Total Sales Volume 2021 – $2,828,767 2022 – $4,610,583 2021 – $1,954 2022 – $2,802 2021 – $227,500 2022 – $280,000 2021 – $36,500,000 2022 – $20,000,000 2021 – 148 2022 – 97 2021 – 97% 2022 – 98% 2021 – 178 2022 – 96 2021 – $503,520,566 2022 – $442,615,999 63%^ 43%^ 23%^ -45%^ -34%^ 1%^ -46%^ -12%^