Market Report
2021 vs. 2022 Year End
Glenwood Springs
New Castle
Silt
Rifle
Carbondale
Basalt
Old Snowmass
Snowmass Village
Aspen
Today’s Real Estate in the Roaring Fork Valley
Welcome to the Aspen Snowmass Sotheby’s International Realty 2022 Year-End Market Report!
Aspen Snowmass Sotheby’s International Realty is the top-producing and largest real estate brokerage in the Roaring Fork Valley. Our mission is to be the company in the Roaring Fork Valley and surrounding areas where real estate clients want to do business and real estate professionals want to work.
What a year! On the heels of two years of “out of this world” sales activity, 2022 brought a shift to the local real estate market; prices continued to rise in most areas (as much as 30%+ year-over-year in the Aspen Snowmass area), although the number of transactions dropped compared to the record setting years of 2020 and 2021. Fewer sales opened the door for listing inventory to begin to rise, and despite the fact that there are more choices on the market for buyers today compared to a year ago, it’s still an inventory deprived market relative to pre-COVID years.
Aspen Snowmass Sotheby’s International Realty enjoyed yet another year as the #1 real estate firm in the Roaring Fork Valley (and beyond), and I’m proud of the accomplishments of our 180+ real estate professionals. Among numerous
Andrew Ernemann, President Aspen Snowmass Sotheby’s International Realtyother accomplishments: we set a new company record for rental transaction volume, represented the buyer for highest priced transaction of the year in Aspen ($60 million) and continued to connect an impressive number off-market transactions.
There are already signs that 2023 is starting off on a positive note for the local real estate market, and the bountiful snow this winter has kept the hotels, shops and restaurants busy (not to mention the ski slopes!). We hope you enjoy our latest report!
There are already signs that 2023 is starting off on a positive note for the local real estate market.
Interested 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. RoaringForkSIR.com | 970.366.3511
Market Insights
For more than a decade, Aspen Snowmass Sotheby’s International Realty has been the leading brokerage in the Roaring Fork Valley and beyond. In 2022, we continued to deliver unrivaled results, helping more clients reach their real estate goals than any other brokerage. Below, find the sales volume we contributed to our major local markets in 2022.
In this year-end report, we share industry insight on the performance of each of these local markets and more. Get in touch with one of our expert brokers today. AspenSnowmassSIR.com | 970.925.6060 All closings from January 1 through December 31, 2022. Information is deemed to be reliable, but is not guaranteed. Source: The Aspen Glenwood MLS
Glenwood Springs
Single–Family Homes
15%^ -10%^ -28%^
5%^ -1%^
-5%^ -15%^
Condominiums, Townhomes & Duplexes
32%^ 18%^ 160%^ -10%^
16%^ -1%^ -11%^ 17%^
2021 vs. 2022
End 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 – $836,852 2022 – $986,828 2021 – $345 2022 – $396 2021 – $329,000 2022 – $295,000 2021 – $3,350,000 2022 – $3,195,000 2021 – 87 2022 – 91 2021 – 99% 2022 – 98% 2021 – 221 2022 – 160 2021 – $184,944,279 2022 – $157,892,534
Year
18%^
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 – $402,459 2022 – $531,225 2021 – $308 2022 – $363 2021 – $50,000 2022 – $130,000 2021 – $975,000 2022 – $879,000 2021 – 80 2022 – 93 2021 – 100% 2022 – 99% 2021 – 96 2022 – 85 2021 – $38,636,100 2022 – $45,154,120
Single–Family Homes
13%^ 14%^ 96%^ -4%^
6%^ -1%^ -19%^ -9%^
-20%^ -9%^
2021 – $349,087 2022 – $398,884 2021 – $260 2022 – $302 2021 – $217,000 2022 – $255,000 2021 – $575,000 2022 – $710,000 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 – 64 2022 – 51 2021 – $22,341,563 2022 – $20,343,090 14%^ 16%^
-11%^ 1%^
New Castle
18%^ 23%^
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 – $584,108 2022 – $658,484 2021 – $274 2022 – $312 2021 – $140,000 2022 – $275,000 2021 – $1,350,000 2022 – $1,300,000 2021 – 78 2022 – 83 2021 – 99% 2022 – 98% 2021 – 105 2022 – 85 2021 – $61,331,336 2022 – $55,971,124
2021 vs. 2022 Year End
9%^ 11%^ 26%^ -13%^ Average Days on Market % Sold Price to Original List Price Number of Properties Sold Total Sales Volume
7%^ -1%^ -24%^ -16%^ 2021 – $331,909 2022 – $354,091 2021 – $187 2022 – $247 2021 – $165,000 2022 – $180,000 2021 – $440,000 2022 – $439,000
7%^ 32%^ 9%^
9%^ -1%^ 0% 0% 7%^
2021 – 54 2022 – 59 2021 – 100% 2022 – 99% 2021 – 11 2022 – 11 2021 – $3,651,000 2022 – $3,895,000
Silt 2021 vs. 2022 Year End
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 – $516,447 2022 – $565,359 2021 – $260 2022 – $289 2021 – $250,000 2022 – $315,000 2021 – $1,380,000 2022 – $1,200,000 2021 – 85 2022 – 91 2021 – 99% 2022 – 98% 2021 – 102 2022 – 78 2021 – $52,677,544 2022 – $44,097,983
Single–Family Homes Average Sold Price Average Sold Price per Square Foot Lowest Price Sold Highest Price Sold
Rifle 2021 vs. 2022 Year End
Single–Family Homes
14%^ 15%^ -4%^ 0%
13%^ -1%^ -30%^ -20%^
-17%^ 0% -57%^ -55%^ Average Sold Price Average Sold Price per Square Foot Average Days on Market % Sold Price to Original List Price
Condominiums, Townhomes 2021 – $420,401 2022 – $478,125 2021 – $235 2022 – $270 2021 – 83 2022 – 80 2021 – 99% 2022 – 99%
Lowest Price Sold Highest Price Sold Number of Properties Sold Total Sales Volume 2021 – $124,000 2022 – $140,000 2021 – $1,510,000 2022 – $1,500,000 2021 – 220 2022 – 154 2021 – $92,488,316 2022 – $73,631,229
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 – $266,803 2022 – $280,959 2021 – $189 2022 – $220 2021 – $147,000 2022 – $150,000 2021 – $440,000 2022 – $385,000 2021 – 133 2022 – 111 2021 – 100% 2022 – 100% 2021 – 86 2022 – 37 2021 – $22,945,100 2022 – $10,395,500
5%^ 16%^ 2%^ -13%^ & Duplexes
2021 vs. 2022 Year End
Single–Family Homes
24%^ 18%^ 8%^ 42%^
34%^ -1%^ -38%^ -23%^
0% 2%^
13%^ -1%^ -44%^ -27%^
Carbondale 2021 – $699,169 2022 – $911,858 2021 – $434 2022 – $505 2021 – $225,000 2022 – $225,000 2021 – $2,300,000 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 – 139 2022 – 157 2021 – 100% 2022 – 99% 2021 – 96 2022 – 54 2021 – $67,120,258 2022 – $49,240,309 30%^ 16%^
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
Duplexes 2021 – $1,549,341 2022 – $1,921,875 2021 – $497 2022 – $588 2021 – $535,000 2022 – $576,000 2021 – $5,300,000 2022 – $7,500,000 2021 – 97 2022 – 130 2021 – 98% 2022 – 97% 2021 – 121 2022 – 75 2021 – $187,470,258 2022 – $144,140,615
Condominiums, Townhomes &
Single–Family Homes
137%^ -37%^
-37%^ 1%^ -43%^ -46%^
Condominiums, Townhomes & Duplexes
37%^ 30%^
88%^ 1%^ -4%^ 32%^
6%^ 3%^
2021 – $1,796,153 2022 – $1,694,861 2021 – $561 2022 – $654 2021 – $340,000 2022 – $805,000 2021 – $11,250,000 2022 – $7,100,000 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 – 148 2022 – 93 2021 – 97% 2022 – 98% 2021 – 94 2022 – 54 2021 – $168,838,415 2022 – $91,522,500
-6%^ 17%^
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 – $866,454 2022 – $1,190,898 2021 – $565 2022 – $735 2021 – $320,000 2022 – $340,000 2021 – $2,900,000 2022 – $2,998,000 2021 – 84 2022 – 158 2021 – 99% 2022 – 100% 2021 – 93 2022 – 89 2021 – $80,580,200 2022 – $105,989,927
Basalt 2021 vs. 2022 Year End
Old Snowmass
Single–Family Homes
1%^
-21%^
67%^ 151%^
-23%^ 53%^
2021 vs. 2022 Year End 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 – $3,209,587 2022 – $6,377,058 2021 – $738 2022 – $1,232 2021 – $500,000 2022 – $395,000 2021 – $16,350,000 2022 – $41,000,000 2021 – 185 2022 – 186 2021 – 95% 2022 – 95% 2021 – 26 2022 – 20 2021 – $83,449,250 2022 – $127,541,150 99%^
0%
Snowmass Village
2021 vs. 2022 Year End
Single–Family Homes
34%^ 28%^
76%^ 46%^
-4%^ 0% -55%^ -40%^
Condominiums, Townhomes & Duplexes
48%^ 50%^ 32%^ -17%^
-33%^ -1%^ -53%^ -31%^
2021 – $5,437,514 2022 – $7,265,287 2021 – $1,245 2022 – $1,598 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 – 188 2022 – 180 2021 – 96% 2022 – 96% 2021 – 73 2022 – 33 2021 – $396,938,545 2022 – $239,754,484
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 – $1,437,677 2022 – $2,120,857 2021 – $1,009 2022 – $1,509 2021 – $109,500 2022 – $145,000 2021 – $9,000,000 2022 – $7,500,000 2021 – 136 2022 – 91 2021 – 98% 2022 – 97% 2021 – 245 2022 – 114 2021 – $352,230,877 2022 – $241,777,650
Aspen 2021 vs. 2022 Year End
Single–Family Homes
43%^ 39%^
44%^ -17%^
-32%^ 1%^ -50%^ -29%^
Condominiums, Townhomes & Duplexes
47%^ 36%^ 16%^ -29%^
-36%^ 0% -53%^ -31%^
2021 – $12,953,194 2022 – $18,551,211 2021 – $2,198 2022 – $3,048 2021 – $904,972 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 – 239 2022 – 163 2021 – 94% 2022 – 95% 2021 – 143 2022 – 71 2021 – $1,852,306,685 2022 – $1,317,135,952
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 – $3,185,504 2022 – $4,685,443 2021 – $2,110 2022 – $2,880 2021 – $227,500 2022 – $265,000 2021 – $36,500,000 2022 – $25,875,000 2021 – 153 2022 – 98 2021 – 97% 2022 – 97% 2021 – 245 2022 – 115 2021 – $780,448,584 2022 – $538,825,999