Third Quarter Market Report 2023 | Christie's International Real Estate Aspen Snowmass

ASPEN

| SNOWMASS

Aspen and Snowmass Third Quarter 2023 Market Report Report Written By: Elliot F. Eisenberg, Ph.D. Source: Aspen Board of Realtors Multiple Listing Service

Economic Overview Nationally By: Elliot F. Eisenberg, Ph.D.

The third quarter of 2023 is likely to turn out well for the U.S. economy. While most market watchers and economists thought that we would have drifted into the long-awaited recession by now, most third-quarter data is fairly strong. Largely because of substantial fiscal stimulus, which has yet to fully dissipate, the current expansion has not yet turned recessionary. However, by early 2024, excess savings will probably have been depleted, and on October 1, 2023, student loan repayments recommenced. We are already starting to see early indicators of slowing consumer spending and falling real income, as August auto sales slumped 4.6% M-o-M and consumer credit card balances are increasing. Nationally, September payrolls rose by a surprisingly strong 336,000, and July and August numbers were revised up by 119,000. Moreover, job growth was widespread, the labor force participation rate is rising, and wage growth slowed to 4.2% Y-o-Y and to an annualized rate of 3.4% over the last three months, a rate nearly commensurate with 2% inflation. All things considered, the overall labor market remains solid.

“However, it doesn’t matter if the Fed raises rates once more or not at all because inflation and the economy’s health do not hinge on 25bps.

Instead, what matters is...”

In terms of inflation, September CPI rose 0.4% M-o-M, largely attributable to more expensive gasoline and diesel. Core inflation rose 0.3% M-o-M, its highest reading since May, but just 4.1% Y-o-Y, its lowest reading since September 2021 and the eleventh decline in 12 months. August core services inflation rose 0.6% M-o-M, unchanged since March, and the Fed’s favorite measure of inflation, core services minus housing, rose 0.4% M-o-M in August, its highest reading since March. Thus, while generally falling, inflation remains uncomfortably high, and therefore, the Fed left the Fed funds rate unchanged in late September and signaled a willingness to possibly raise it 25bps in the future, a hawkish pause. However, it doesn’t matter if the Fed raises rates once more or not at all because inflation and the economy’s health do not hinge on 25bps. Instead, what matters is how long the Fed keeps rates at the terminal level, and that is still to be determined. According to the latest Fed releases, the plan is to reduce interest rates at the slowest pace ever. However, be assured that regardless of how long it takes to happen, if and when the weak economy arrives, as it almost always does, rates will quickly fall, or, as the saying goes, “Interest rates go up on the staircase but down on the elevator.” Alternatively, if the economy stays pleasantly strong, the Fed may or may not raise rates more, but will certainly not lower them anytime soon.

There are other significant headwinds that still pose a risk to the hoped-for smooth landing. In addition to the resumption of student loan payments in October, the possibility of a U.S. government shutdown remains high, especially with the chaos in Congress.

The ongoing Russian attack on Ukraine, and now the prospects of an extended conflict in the Middle East will have continuing economic impacts on the world economy and raise the potential of spikes in fuel prices.

Ongoing labor strikes offer the real possibility of impacting GDP in the short term and generating additional wage inflation. Still, all things considered, the prospects for the fourth quarter of 2023 are good, with the probability of a recession shifting to the first half of 2024.

Housing Market Overview Nationally The national housing market continues to be dominated by high mortgage interest rates, the highest since 2002, and the impacts to both supply - in terms of the iron grip of mortgage rate lock-in, as evidenced by the lack of new listings, and on-demand - by pushing the monthly home mortgage payment out of the reach of many potential buyers and showing itself in very low closed sales.

Existing housing sales slipped to their lowest level since January 2023 in August, and August pending home sales fell 7.1%. High interest rates have pushed up the average interest and principal payment for new borrowers using a 30-year mortgage to over $2,306. Two years ago, only 5% of new borrowers had a payment over $3,000/month, today it’s almost 25%. Moreover, high rates have depressed the dollar volume of cash-out refi activity by about half from 22Q1 when it was almost 1% of available equity/quarter to 0.4%/quarter, a decline of $40 billion/quarter.

Still, even with high rates, home prices remain high and stable. On a Y-o-Y basis, the Freddie Mac Home Price Index, which includes only loans purchased by Freddie and Fannie and includes appraisals, was up 4% in August, versus 3% in July. Y-o-Y appreciation peaked in July 2021 at 19.1% and annual appreciation bottomed out at 0.9% in May 2023. Median home prices increased from $406,700 in July to $407,100 in August 2023, and made this the third consecutive month with home prices above $400,000. It was the highest August price ever and is up from $389,500 in August 2022.

“...single-family housing market is enjoying solid price appreciation and strong construction activity, the multifamily market...”

Home prices have stayed at or near record levels in most areas for one key reason – the relative lack of available inventory. Inventory ticked down slightly from 1.11 million units in July to 1.10 million units in August, the lowest August level ever and well below the 1.28 million units on the market a year earlier. After record housing inventory lows during calendar years 2020, 2021, and 2022, CY2023 started off differently. January through April 2023 for sale inventories were slightly above the record lows set in 2022. However, from May through August, inventories set all-time lows, and by wide margins, and it’s likely that monthly low records will keep being set for the rest of 2023. Homebuilders recognize the gap and are trying to fill the available inventory void, and because of this increased new homebuilding activity, the percentage of homes for sale that are new is around 30%, double the historic average.

While the single-family housing market is enjoying solid price appreciation and strong construction activity due to a severe lack of existing inventory, the multifamily market struggles mightily. Financing is increasingly difficult as vacancy rates and insurance premiums rise, along with mortgage and capitalization rates. The market struggles to absorb substantial recent overbuilding and rents are declining. As a result, multifamily starts have declined a sharp 41% Y-o-Y. Banks are currently tightening lending standards for commercial real estate loans and commercial and industrial loans, and as a result, office and retail space is somewhat shaky, while other types of non-residential construction like student housing, warehouses and logistical hubs, and manufacturing facilities are doing well.

While the shakeup in commercial real estate and construction is no surprise given rising rates, what is interesting is that it takes over a year for that tightening to make its way through to credit growth. This is an excellent example of why the effects of the rate hikes that began in March 2022 are only now having a material impact on areas outside of the housing market.

Housing Market Overview Colorado

Unemployment in Colorado is 3.1% as of 08/23, down just slightly from last year after hitting a peak of 11.6% in 05/20 (for comparison, the pre-pandemic rate was 2.8%) and well below the U.S. national average, marking it difficult for Colorado employers to fill positions.

Statewide continuing claims for unemployment hit a high of 265,499 for the week ended 5/16/20 (compared to a pre-pandemic level of 20,735) and are now at 22,588 for the week ended 09/30/23. In Pitkin County, the August unemployment rate was 2.7%, a year ago it was 2.5% and for comparison, pre-Covid in 08/19 it was 2.2%.

Colorado’s economic and job growth still exceeds the national average, and the State’s amenities and location continue to make it an ideal home base for millions of residents, new and old.

Statewide, the September 2023 median price of a single-family home of $575,000 was 2.7% higher than September 2022, while the year-over-year average price rose 12.3% to $762,585. In the condo/townhome market, the year-over-year median price gained 2.6% to $425,857 while the average price increased 5.6% to $571,851.

Through September, closed sales across the state are down 21.2% while new listings are down 18.9%. There are 20,124 active listings statewide at the end of September, down 13.0% compared to September 2022, representing 2.8 months’ supply of inventory. Across the state, the percentage of list price received at sale was 98.7%, the same as last year and down from 99.7% at the end of June 2023 and days-on-market has increased to 46 days, up from 37 days last year, suggesting a market that is slightly weakening.

Economic Overview ASPEN SNOWMASS

The median price of a single-family home in Aspen for the first half of 2023 was $11.5 million, a 20% decline compared to the first half of 2022, while the average price declined 27% to $14.3 million.

The Aspen townhome and condominium market remained relatively unchanged from last year, with a median price of $2.9 million and an average price of $4.6 million. In Snowmass Village, the single-family median price declined 11% to $5.4 million while the average price rose 4% to $7.4 million.

Snowmass Village townhomes and condominiums saw the largest gains in the area, with the median price increasing 18% to nearly $1.8 million and the average price rising 12% to $2.3 million. Across the Aspen/Snowmass Village area, closed sales were down about 3% compared to last year but declining prices brought overall dollar volume down by 24% to $1.1 billion. The percentage of sold price to original listing price was down about 4% across the area and days on market generally declined compared to last year for single-family homes and rose for townhomes and condominiums.

“The stock market has largely recovered about half of the losses of 2022, which should strengthen portfolios, especially for those with stock options. The lack of inventory continues to be the key...”

As sales have slowed over recent months, it is likely that some potential Aspen buyers may be sitting on the sidelines in a “wait-and-see” mode to see if the Fed can achieve the much hoped-for soft landing. The most recent inflation data suggest that the actions of the Fed may be working, and while at least one more rate increase is inevitable, the likelihood of an additional hike this fall is up for debate. That means that the Fed may begin to consider when interest rates can come down. Once that happens, we may see activity pick up as interest rates decline and the number of listings improves. While the IPO market is certainly not as strong as it was in 2020 and 2021 when interest rates were incredibly low, it is meaningfully improved over 2022. The stock market has largely recovered about half of the losses of 2022, which should strengthen portfolios, especially for those with stock options. The lack of inventory continues to be the key challenge for the Aspen and Snowmass Village real estate market. Dr. Eisenberg comments: “We saw a huge run-up in housing demand across all markets and price ranges during the worst of Covid, and it is likely that demand will return to more normal levels going forward. While single-family home prices in Aspen have declined compared to 2022 levels, what I would concentrate on is cost per square foot, and the average sold price per square foot has remained steady in Aspen and has increased by 7-8% in Snowmass Village. This remains one of the tightest markets in the country.”

Aspen SINGLE FAMILY HOMES The median price for a single-family home in Aspen through the third quarter of 2023 was $12.4 million, 8% less than last year’s $13.4 million while the average sale price of $16.1 million declined 13% from last year.

family homes on the market, compared to 52 at the same point last year.

The most expensive single-family home sold in Aspen through September 2023 was $76 million, compared to a $60 million sale during the same period last year.

The number of closed sales through September increased to 63, a 21% increase over last year, and pushed overall dollar volume up about 6% from last year to just over $1.0 billion. The average sold price per square foot increased 4% to $3,244.

As of the end of September, there were 63 single-

Days on market declined from 166 to 153, while the percentage of sold price to original listing price declined from 97% last year to 94% this year.

$20M $17.5M

13%

$12.5M

2022 vs 2023

$10M

8%

2022 vs 2023

$7.5M

Total Dollar Volume

$5M

2019

2020

2021

2022

2023

$1.5B

Third Quarter of

$1.08B

$1.2B

6%

2022 vs 2023

$1.22B $956M

$600M $486M $300M $0

2019

2020

2021

2022

Third Quarter of

Number of Properties Sold SOLD

SOLD

SOLD

SOLD

SOLD

63

96

91

52

63

2019

2020

2021

2022

2023

Third Quarter of

$1.01B

$900M

Million

Million

Median Sold Price

Average Sold Price

$15M

21%

2022 vs 2023

2023

1190 Riverside Drive

Aspen, Colorado

4 BEDS | 4F, 1H BATHS | 3,083 SF

What’s Selling?

SINGLE FAMILY HOMES Number Sold

Sold Price Range

Median Sold Price

Median % Off Asking Price

Avg. Days On Market

Single Family Homes Sold Third Quarter YTD Studio - 1 Bedroom

1

$1,300,000

$1,300,000

+9

18

2 - 3 Bedrooms

15

$1,035,000 - $28,000,000

$7,000,000

5

94

4 - 5 Bedrooms

35

$1,384,717 - $35,000,000

$13,692,200

7

187

6+ Bedrooms

12

$8,000,000 - $76,000,000

$22,386,808

2

142

Aspen SINGLE FAMILY HOMES Average Price Per Square Foot $3,109 $3,244

$3,500

4%

$3,000 $2,500

$1,839

$2,000

$2,104

$1,469

$1,500

2022 vs 2023

$1,000 $500 $0

2019

2020

2021

2022

2023

Third Quarter YTD of

% Sold Price to Original List Price

3%

91%

91%

95%

97%

94%

2019

2020

2021

2022

2023

2022 vs 2023

Third Quarter YTD of

Average Days on Market

321 2019

310 2020

266 2021

Third Quarter YTD of

166 2022

153 2023

8%

2022 vs 2023

101 W Francis Street Aspen, Colorado

4 BEDS | 4F, 1H BATHS | 5,482 SF

What’s For Sale?

SINGLE FAMILY HOMES Active

Pending

Active Asking Price Range

Median Asking Price

Single Family Homes Active & Pending Studio - 1 Bedroom

-

-

$-

$-

2 - 3 Bedrooms

11

-

$6,200,000 - $45,000,000

$9,250,000

4 - 5 Bedrooms

51

4

$4,250,000 - $59,500,000

$19,500,000

6+ Bedrooms

19

1

$9,995,000 - $105,000,000

$29,800,000

Aspen CONDO / TOWNHOMES Townhome and condominium prices in Aspen rose through September 2023 compared to the same period of 2022. The median price gained 4% to $3.3 million while the average price rose 13% to just almost $5.3 million.

Condominium and townhome inventories stayed flat at 46 units on the market.

In the Aspen condo/townhome market, the most expensive unit sold through September was for nearly $48 million, well more than double last year’s $20 million.

The number of properties sold declined by about a third, with 64 closed sales so far this year, compared to 95 through September of 2022. Dollar volume declined by about 24%, to $336 million and the average price per square foot was almost unchanged at $2,848 per square foot.

The average days on market for condominiums and townhomes through September 2023 was 131 days compared to 96 days for 2022. The percentage of sold price to original list price dropped from 98% last year to 96% this year.

$6M $5.5M

13%

$4.5M $4M $3.5M

2022 vs 2023

$3M

4%

2022 vs 2023

$2.5M $2M

Total Dollar Volume

$1.5M $1M

2019

2020

2021

2022

$600M

2023

Third Quarter YTD of

24%

2022 vs 2023

$452M

$500M

$504M

$442M $336M

$400M

Million

Million

Median Sold Price

Average Sold Price

$5M

$300M $240M $200M $100M $0

2019

2020

2021

2022

Third Quarter YTD of

Number of Properties Sold SOLD

SOLD

SOLD

SOLD

SOLD

109

120

178

95

64

2019

2020

2021

2022

2023

Third Quarter YTD of

33%

2022 vs 2023

2023

765 Cemetery Lane Aspen, Colorado

4 BEDS | 5F, 1H BATHS | 4,900 SF

What’s Selling?

CONDOS AND TOWNHOMES Number Sold

Sold Price Range

Median Sold Price

Median % Off Asking Price

Avg. Days On Market

Condo / Townhomes Sold Third Quarter YTD Studio - 1 Bedroom

15

$825,000 - $3,950,000

$1,095,000

3

82

2 - 3 Bedrooms

37

$1,100,000 - $15,470,000

$3,350,000

5

143

4 - 5 Bedrooms

11

$3,895,000 - $22,000,000

$6,900,000

7

164

6+ Bedrooms

1

$47,910,078

$47,910,078

0

50

Aspen CONDOS / TOWNHOMES Average Price Per Square Foot

1%

$2,807 $2,848

$3,000 $2,500 $2,000 $1,580

$1,850

$1,954

2022 vs 2023

$1,500 $1,000 $500 $0

2019

2021

2020

2022

2023

Third Quarter YTD of

% Sold Price to Original List Price

2%

2022 vs 2023

95%

95%

97%

98%

96%

2019

2020

2021

2022

2023

Third Quarter YTD of

Average Days on Market

222 2019

269 2020

148 2021

Third Quarter YTD of

96 2022

131 2023

36%

2022 vs 2023

600 E Main Street #408 Aspen, Colorado

2 BEDS | 1F, 1H BATHS | 950 SF

What’s For Sale?

CONDOS AND TOWNHOMES Active

Pending

Asking Price Range

Median Asking Price

Condominiums / Townhomes Active & Pending Studio - 1 Bedroom

15

4

$964,000 - $3,950,000

$1,975,000

2 - 3 Bedrooms

30

6

$1,250,000 - $9,995,000

$3,497,000

4 - 5 Bedrooms

12

1

$3,725,000 - $29,500,000

$10,200,000

6+ Bedrooms

1

0

$14,995,000

$14,995,000

Snowmass Village SINGLE FAMILY HOMES In Snowmass Village, the median sale price of a single-family home sold through September 2023 gained 6% to nearly $6.7 million while the average price increased by 7% to nearly $8 million. The average price per square foot, however, remained relatively unchanged at $1,631 per square foot.

compared to 23 at the end of last June.

Closed sales through September 2023 declined from 29 last year to 24 this year, a 17% decrease and that pushed overall dollar volume down about 11% to about $190 million.

The number of days on market for single-family homes in Snowmass Village declined from 183 days last year to 167 days this year, while the percentage of sold price to original list price declined from 96% last year to 92% this year.

The most expensive single-family home sold through September in Snowmass Village was $22.4 million, while the highest price through the same period in 2022 was $18.3 million.

There were 18 single-family homes for sale in Snowmass Village at the end of September, $8M

7%

$6M

2022 vs 2023

$5M

6%

2022 vs 2023

$4M

Total Dollar Volume

$3M

$299M

$2M

$300M 2019

2020

2021

2022

2023

Third Quarter YTD of

$250M

11%

2022 vs 2023

$215M

$200M

Million

Million

Median Sold Price

Average Sold Price

$7M

$150M

$138M

$136M

2019

2020

$100M $50M $0

2021

2022

Third Quarter YTD of

Number of Properties Sold SOLD

SOLD

SOLD

SOLD

SOLD

35

35

56

29

24

2019

2020

2021

2022

2023

Third Quarter YTD of

$190M

17%

2022 vs 2023

2023

Snowmass Village, Colorado

What’s Selling?

SINGLE FAMILY HOMES Number Sold

Sold Price Range

Median Sold Price

Median % Off Asking Price

Avg. Days On Market

Single Family Homes Sold Third Quarter YTD Studio - 1 Bedroom

-

$-

$-

-

-

2 - 3 Bedrooms

2

$2,850,000 - $4,550,000

$3,700,000

10

122

4 - 5 Bedrooms

19

$2,290,000 - $17,812,500

$6,500,000

6

189

6+ Bedrooms

3

$7,050,000 - $22,425,000

$10,500,000

6

63

Snowmass Village SINGLE FAMILY HOMES Average Price Per Square Foot $2,000

$1,613

$1,500 $1,000

1%

$1,631

$1,239 $901

$923

2019

2020

2022 vs 2023

$500 $0

2021

2022

2023

Third Quarter YTD of

% Sold Price to Original List Price

4%

91%

93%

97%

96%

92%

2019

2020

2021

2022

2023

2022 vs 2023

Third Quarter YTD of

Average Days on Market

353 2019

239 2020

193 2021

Third Quarter YTD of

183 2022

167 2023

9%

2022 vs 2023

Snowmass Village, Colorado

What’s For Sale?

SINGLE FAMILY HOMES Active

Pending

Asking Price Range

Median Asking Price

Single Family Homes Active & Pending Studio - 1 Bedroom

1

-

$975,000

$975,000

2 - 3 Bedrooms

2

-

$1,900,000 - $6,295,000

$4,097,500

4 - 5 Bedrooms

13

2

$4,150,000 - $18,000,000

$11,800,000

6+ Bedrooms

2

-

$34,500,000 - $60,000,000

$47,250,000

Snowmass Village CONDOS / TOWNHOMES This data includes 61 sales from the new developments - Electric Pass Lodge or Havens

At the end of the quarter there were 45 townhome or condominium units on the market in Snowmass Village, compared to 29 last year.

Condominium and townhome median prices in Snowmass Village saw significant gains compared to last year, with a median price of almost $1.8 million, up 24% from last year. The average price rose 14% to almost $2.3 million, and the average price per square foot rose 7% to $1,617.

In the Snowmass Village condo/townhome market, the most expensive property sold through September sold for $9.0 million, compared to the highest sale price last year of $6.6 million.

The percentage of sold to original list price remained at 98%, while the days on market meaningfully rose from 188 to 447.

Closed sales through September increased to 127 from 89 last year, and overall sales volume rose 63% to nearly $289 million. $3M

14%

$2.5M $2.25M $2M

2022 vs 2023

$1.75M

24%

2022 vs 2023

$1.5M $1.25M $1M

Total Dollar Volume

$750K

$300M

$500K 2019

2020

2021

2022

Third Quarter YTD of

2023

63%

2022 vs 2023

$200M $150M $100M

$148M

$177M

$95M

$50M $0

2019

2020

2021

2022

Third Quarter YTD of

Number of Properties Sold SOLD

SOLD

SOLD

SOLD

SOLD

94

113

188

89

127

2019

2020

2021

2022

2023

Third Quarter YTD of

$289M

$245M

$250M

Million

Thousands/Million

Median Sold Price

Average Sold Price

$2.25M

43%

2022 vs 2023

2023

Timberline - 690 Carriage Way Unit B1B Snowmass Village, Colorado 1 BED | 1 BATH | 687 SF

What’s Selling?

CONDOS AND TOWNHOMES Number Sold

Sold Price Range

Median Sold Price

Median % Off Asking Price

Avg. Days On Market

Condo / Townhomes Sold Third Quarter YTD Studio - 1 Bedroom

19

$169,000 - $1,300,000

$800,000

3

95

2 - 3 Bedrooms

105

$895,000 - $9,000,000

$1,860,000

0

502

4 - 5 Bedrooms

3

$7,210,623 - $8,789,377

$7,500,000

0

736

Snowmass Village CONDOS / TOWNHOMES Average Price Per Square Foot $2,000

$1,512

7%

$1,617

$1,500 $1,000

$765

$805

2019

2020

2022 vs 2023

$932

$500 $0

2021

2022

2023

Third Quarter YTD of

% Sold Price to Original List Price

0%

96%

94%

98%

98%

98%

2019

2020

2021

2022

2023

2022 vs 2023

Third Quarter YTD of

Average Days on Market

256 2019

262 2020

151 2021

Third Quarter YTD of

188 2022

447 2023

138%

2022 vs 2023

130 Wood Road 505 & 507 Snowmass Village, Colorado 2 BEDS | 2 BATHS | 757 SF

What’s For Sale?

CONDOS AND TOWNHOMES Active

Pending

Asking Price Range

Median Asking Price

Condominiums / Townhomes Active & Pending Studio - 1 Bedroom

10

-

$699,000 - $1,700,000

$987,000

2 - 3 Bedrooms

25

49

$1,250,000 - $9,995,000

$2,950,000

4 - 5 Bedrooms

8

8

$8,050,000 - $10,450,000

$9,400,000

Old Snowmass SINGLE FAMILY HOMES $6M $5.5M $5M $4.5M

17%

$3.5M $3M $2.5M

2022 vs 2023

$2M $1.5M

53%

2022 vs 2023

$1M $500K $0 2019

2020

2021

2022

2023

Third Quarter YTD of

Total Dollar Volume $100

$88M

$80

28%

2022 vs 2023

$66M

$60

Million

Million

Median Sold Price

Average Sold Price

$4M

$63M $47M

$40 $20

$15M

$0

2019

2020

2021

2022

Third Quarter YTD of

Number of Properties Sold SOLD

SOLD

SOLD

SOLD

SOLD

9

23

17

15

13

2019

2020

2021

2022

2023

Third Quarter YTD of

13%

2022 vs 2023

2023

340 Monastery Cutoff Road Old Snowmass, Colorado 4 BEDS | 3F, 2H BATHS | 5,740 SF

What’s Selling?

SINGLE FAMILY HOMES Number Sold

Sold Price Range

Median Sold Price

Median % Off Asking Price

Avg. Days On Market

$5,100,000

3

80

$2,625,000

10

166

$4,550,000

5

95

$-

-

-

Single Family Homes Sold Third Quarter YTD Studio - 1 Bedroom

1

2 - 3 Bedrooms

5

4 - 5 Bedrooms

6

6+ Bedrooms

-

$5,100,000 $1,675,000 - $5,074,070 $2,850,000 - $12,200,000 $-

Old Snowmass SINGLE FAMILY HOMES Average Price Per Square Foot $2,000

$1,609

$1,500 $1,000 $500 $0

45%

$1,112

$437

2019

$714

$639

2020

2021

2022 vs 2023 2022

2023

Third Quarter YTD of

% Sold Price to Original List Price

4%

90%

93%

97%

95%

91%

2019

2020

2021

2022

2023

2022 vs 2023

Third Quarter YTD of

Average Days on Market

167 2019

421 2020

134 2021

Third Quarter YTD of

217 2022

117 2023

46%

2022 vs 2023

35 Starlit Lane

Old Snowmass, Colorado 4 BEDS | 3F, 1H BATHS | 3,342 SF

What’s For Sale?

SINGLE FAMILY HOMES Active

Pending

Active Asking Price Range

Median Asking Price

Single Family Homes Active & Pending Studio - 1 Bedroom

-

-

$-

$-

2 - 3 Bedrooms

2

1

$3,400,000 - $5,495,000

$4,447,500

4 - 5 Bedrooms

11

-

$799,000 - $15,900,000

$5,995,000

Woody Creek SINGLE FAMILY HOMES $10M $9M $8M

101%

$6M $5M $4M

2022 vs 2023

$3M

16%

2022 vs 2023

$2M $1M $0

2019

2020

2021

2022

2023

Third Quarter YTD of

Total Dollar Volume $78M

$80M $70M

703%

2022 vs 2023

$60M $50M

Million

Million

Median Sold Price

Average Sold Price

$7M

$40M $30M $20M

$24M $15M

$13M

$10M $0

$1.57M 2019

2020

2021

2022

Third Quarter YTD of

Number of Properties Sold SOLD

SOLD

SOLD

SOLD

SOLD

9

7

9

2

8

2019

2020

2021

2022

2023

Third Quarter YTD of

300%

2022 vs 2023

2023

Woody Creek, Colorado

What’s Selling?

SINGLE FAMILY HOMES Number Sold

Sold Price Range

Median Sold Price

Median % Off Asking Price

Avg. Days On Market

$755,000

$755,000

0

58

$160,000 - $1,100,000

$576,500

1

46

$8,600,000

$8,600,000

9

190

Single Family Homes Sold Third Quarter YTD Studio - 1 Bedroom

1

2 - 3 Bedrooms

6

4 - 5 Bedrooms

1

Woody Creek SINGLE FAMILY HOMES Average Price Per Square Foot $1,143

$1,200

$723

$800 $600

27%

$918

$1,000

$569 $406

2022 vs 2023

$400 $200 0

2019

2020

2021

2022

2023

Third Quarter YTD of

% Sold Price to Original List Price

4%

95%

94%

96%

95%

91%

2019

2020

2021

2022

2023

2022 vs 2023

Third Quarter YTD of

Average Days on Market

434 2019

324 2020

243 2021

Third Quarter YTD of

75 2022

65 2023

13%

2022 vs 2023

Woody Creek, Colorado

What’s For Sale?

SINGLE FAMILY HOMES Active

Pending

Active Asking Price Range

Median Asking Price

Single Family Homes Active & Pending Studio - 1 Bedroom

-

-

$-

$-

2 - 3 Bedrooms

6

-

$750,000 - $5,750,000

$1,160,000

4 - 5 Bedrooms

1 4

-

$8,600,000

$8,600,000

-

$7,887,600 - $22,500,000

$17,694,000

6+ Bedrooms

Basalt SINGLE FAMILY HOMES $2.5M

Median Sold Price

Average Sold Price

$2M

47%

$1.75M $1.5M

2022 vs 2023

$1.25M

40%

2022 vs 2023

$1M $750K $500K

2019

2020

2021

2022

2023

Third Quarter YTD of

Total Dollar Volume $150M $120M

126%

2022 vs 2023

$90M

Million

Thousand/Million

$2.25M

$96M

$123M

$110M

$64M

$54M

$60M $30M $0 2019

2020

2021

2022

Third Quarter YTD of

Number of Properties Sold SOLD

SOLD

SOLD

SOLD

SOLD

57

72

66

34

52

2019

2020

2021

2022

2023

Third Quarter YTD of

53%

2022 vs 2023

2023

140 Homestead Drive Basalt, Colorado

5 BEDS | 4F, 1H BATHS | 2,462 SF

What’s Selling?

SINGLE FAMILY HOMES Number Sold

Sold Price Range

Median Sold Price

Median % Off Asking Price

Avg. Days On Market

Single Family Homes Sold Third Quarter YTD Studio - 1 Bedroom

2

$2,700,000 - $4,150,000

$3,425,000

16

177

2 - 3 Bedrooms

15

$950,000 - $4,750,000

$1,900,000

3

81

4 - 5 Bedrooms

34

$1,025,000 - $6,000,000

$1,897,500

3

130

6+ Bedrooms

1

$6,085,000

$6,085,000

6

83

Basalt SINGLE FAMILY HOMES Average Price Per Square Foot $1,000

$870

$800 $600

$414

$557

$467

39%

$628

2022 vs 2023

$400 $200 0

2019

2020

2021

2022

2023

Third Quarter YTD of

% Sold Price to Original List Price

3%

96%

96%

97%

99%

96%

2019

2020

2021

2022

2023

2022 vs 2023

Third Quarter YTD of

Average Days on Market

164 2019

183 2020

155 2021

Third Quarter YTD of

104 2022

116 2023

12%

2022 vs 2023

Basalt, Colorado

What’s For Sale?

SINGLE FAMILY HOMES Active

Pending

Active Asking Price Range

Median Asking Price

Single Family Homes Active & Pending Studio - 1 Bedroom

1

-

$1,695,000

$1,695,000

2 - 3 Bedrooms

5

2

$925,000 - $3,900,000

$2,295,000

4 - 5 Bedrooms

19

2

$1,080,000 - $13,400,000

$4,175,000

6+ Bedrooms

2

-

$11,500,000 - $16,500,000

$14,000,000

Basalt CONDO / TOWNHOMES

Median Sold Price

Average Sold Price

$1.35M

9%

$1.2M

2022 vs 2023

$1.05M

8%

2022 vs 2023

$900K $750K $600K

2019

2020

2021

2022

2023

Third Quarter YTD of

Total Dollar Volume $111M

$120M $100M

3%

2022 vs 2023

$91M

$88M

2022

2023

$80M

Million

Thousands/Millions

$1.5M

$51M

$60M $40M

$34M

$20M $0

2019

2020

2021

Third Quarter YTD of

Number of Properties Sold SOLD

SOLD

SOLD

SOLD

SOLD

55

67

139

77

68

2019

2020

2021

2022

2023

Third Quarter YTD of

12%

2022 vs 2023

274 Overlook Basalt, Colorado

3 BEDS | 2F, 1H BATHS | 2,026 SF

What’s Selling?

CONDOS AND TOWNHOMES Number Sold

Sold Price Range

Median Sold Price

Median % Off Asking Price

Avg. Days On Market

Condo / Townhomes Sold Third Quarter YTD Studio - 1 Bedroom

15

$220,000 - $1,187,500

$578,000

+2

270

2 - 3 Bedrooms

50

$675,000 - $5,100,000

$1,292,500

0

155

4 - 5 Bedrooms

4

$970,000 - $2,860,000

$2,062,500

3

265

Basalt CONDOS / TOWNHOMES Average Price Per Square Foot $1,000

$746

$800 $600

18%

$878

$417

$507

$475

2022 vs 2023

$400 $200 $0

2019

2021

2020

2022

2023

Third Quarter YTD of

% Sold Price to Original List Price

1%

2022 vs 2023

98%

97%

98%

100%

99%

2019

2020

2021

2022

2023

Third Quarter YTD of

Average Days on Market

154 2019

156 2020

120 2021

Third Quarter YTD of

150 2022

189 2023

26%

2022 vs 2023

Rental Listing - 227 Midland Avenue, #24 Basalt, Colorado

2 BEDS | 2F, 1H BATHS | 1,368 SF

What’s For Sale?

CONDOS AND TOWNHOMES Active

Pending

Asking Price Range

Median Asking Price

Condominiums / Townhomes Active & Pending Studio - 1 Bedroom

2

4

$875,000 - $1,125,000

$1,000,000

2 - 3 Bedrooms

22

18

$920,000 - $5,500,000

$2,271,410

4 - 5 Bedrooms

4

1

$1,150,000 - $4,655,000

$1,373,500

6+ Bedrooms

1

-

$2,200,000

$2,200,000

Carbondale SINGLE FAMILY HOMES $2.5M $1.25M

Median Sold Price

Average Sold Price

17%

$1.75M $1.5M $1.25M

11%

2022 vs 2023

2022 vs 2023

$1M $750K $500K

2019

2020

2021

2022

2023

Third Quarter YTD of

Total Dollar Volume $200M

67%

2022 vs 2023

$163M $127M $135M

$150M

Million

Million

$2M

$100M

$97M

$83M

$50M $0

2019

2020

2021

2022

Third Quarter YTD of

Number of Properties Sold SOLD

SOLD

SOLD

SOLD

SOLD

77

98

87

51

73

2019

2020

2021

2022

2023

Third Quarter YTD of

43%

2022 vs 2023

2023

177 Golden Bear Drive

Carbondale, Colorado 5 BEDS | 4 F, 1 H BATHS | 3,142 SF

What’s Selling?

SINGLE FAMILY HOMES Number Sold

Sold Price Range

Median Sold Price

Median % Off Asking Price

Avg. Days On Market

Single Family Homes Sold Third Quarter YTD Studio - 1 Bedroom

-

$-

$-

-

-

2 - 3 Bedrooms

22

$795,000 - $3,250,000

$1,575,000

1

78

4 - 5 Bedrooms

48

$340,000 - $7,650,000

$2,250,000

3

159

6+ Bedrooms

3

$2,065,000 - $2,685,000

$2,550,000

6

255

Carbondale SINGLE FAMILY HOMES Average Price Per Square Foot $800 $700

$600

$600

$654

9%

$471

$500

$313

$400

$367

2022 vs 2023

$300 $200 $100 $0

2019

2020

2021

2022

2023

Third Quarter YTD of

% Sold Price to Original List Price

1%

95%

96%

99%

98%

99%

2019

2020

2021

2022

2023

2022 vs 2023

Third Quarter YTD of

Average Days on Market

194 2019

174 2020

92 2021

Third Quarter YTD of

127 2022

139 2023

9%

2022 vs 2023

Carbondale, Colorado

What’s For Sale?

SINGLE FAMILY HOMES Active

Pending

Active Asking Price Range

Median Asking Price

Single Family Homes Active & Pending Studio - 1 Bedroom

1

-

$1,585,000

$1,585,000

2 - 3 Bedrooms

5

2

$1,750,000 - $3,995,000

$2,349,000

4 - 5 Bedrooms

25

8

$1,790,000 - $6,250,000

$3,395,000

6+ Bedrooms

1

2

$2,000,000

$2,000,000

Carbondale CONDO / TOWNHOMES $1.2M

Median Sold Price

Average Sold Price

19%

$1M $900K

2022 vs 2023

$800K

4%

2022 vs 2023

$700K $600K $500K $400K

2019

2020

2021

2022

2023

Third Quarter YTD of

Total Dollar Volume $60

$50M

$50

8%

2022 vs 2023

$40

Million

Hundred Thousands

$1.1M

$35M

$35M

2019

2020

$39M

$30 $20 $10 $0

2021

2022

Third Quarter YTD of

Number of Properties Sold SOLD

SOLD

SOLD

SOLD

SOLD

60

57

75

43

39

2019

2020

2021

2022

2023

Third Quarter YTD of

$42M

9%

2022 vs 2023

2023

1359 Barber Drive

Carbondale, Colorado 3 BEDS | 2F, 1 H BATHS | 1,536 SF

What’s Selling?

CONDOS AND TOWNHOMES Number Sold

Sold Price Range

Median Sold Price

Median % Off Asking Price

Avg. Days On Market

Condo / Townhomes Sold Third Quarter YTD Studio - 1 Bedroom

2

$278,000 - $525,123

$401,562

+3

60

2 - 3 Bedrooms

31

$306,818 - $2,250,000

$780,000

2

86

4 - 5 Bedrooms

5

$700,000 - $2,365,000

$2,325,000

5

183

6+ Bedrooms

1

$2,178,000

$2,178,000

0

51

Carbondale CONDOS / TOWNHOMES Average Price Per Square Foot $600

$506

$500

12%

$565

$426

$400

$312

$338

2022 vs 2023

$300 $200 $100 $0

2019

2021

2020

2022

2023

Third Quarter YTD of

% Sold Price to Original List Price

1%

2022 vs 2023

98%

99%

100%

100%

99%

2019

2020

2021

2022

2023

Third Quarter YTD of

Average Days on Market

118 2019

167 2020

143 2021

Third Quarter YTD of

178 2022

96 2023

46%

2022 vs 2023

Carbondale, Colorado

What’s For Sale?

CONDOS AND TOWNHOMES Active

Pending

Asking Price Range

Median Asking Price

Condominiums / Townhomes Active & Pending Studio - 1 Bedroom

-

-

$-

$-

2 - 3 Bedrooms

7

2

$735,000 - $1,995,000

$1,450,000

4 - 5 Bedrooms

6

-

$1,395,000 - $2,850,000

$2,097,500

Missouri Heights SINGLE FAMILY HOMES $2.5M

$2M

Median Sold Price

Average Sold Price

3%

$1.75M $1.5M

15%

2022 vs 2023

$1.25M

2022 vs 2023

$1M $750K $500K

2019

2020

2021

2022

2023

Third Quarter YTD of

Total Dollar Volume $80M

$63M

$70M

15%

2022 vs 2023

$50M

$60M $50M

Million

Thousand/Million

$2.25M

$40M $30M

$43M

$41M $27M

$20M $10M $0

2019

2020

2021

2022

Third Quarter YTD of

Number of Properties Sold SOLD

SOLD

SOLD

SOLD

SOLD

26

26

34

23

19

2019

2020

2021

2022

2023

Third Quarter YTD of

17%

2022 vs 2023

2023

505 Lions Ridge Road

Carbondale (Missouri Heights), Colorado 4 BEDS | 4F, 1H BATHS | 3,901 SF

What’s Selling?

SINGLE FAMILY HOMES Number Sold

Sold Price Range

Median Sold Price

Median % Off Asking Price

Avg. Days On Market

Single Family Homes Sold Third Quarter YTD Studio - 1 Bedroom

-

$-

$-

-

-

2 - 3 Bedrooms

10

$910,000 - $2,950,000

$1,700,000

4

160

4 - 5 Bedrooms

8

$1,550,000 - $5,725,000

$2,357,500

4

95

6+ Bedrooms

1

$2,250,000

$2,250,000

10

101

Missouri Heights SINGLE FAMILY HOMES Average Price Per Square Foot

$800 $700 $600

10%

$466

$500 $400

$663

$601

$307

$366

$300

2022 vs 2023

$200 $100 $0

2019

2020

2021

2023

2022

Third Quarter YTD of

% Sold Price to Original List Price

3%

94%

94%

97%

98%

95%

2019

2020

2021

2022

2023

2022 vs 2023

Third Quarter YTD of

Average Days on Market

220 2019

293 2020

157 2021

Third Quarter YTD of

155 2022

129 2023

17%

2022 vs 2023

Missouri Heights, Colorado

What’s For Sale?

SINGLE FAMILY HOMES Active

Pending

Active Asking Price Range

Median Asking Price

Single Family Homes Active & Pending Studio - 1 Bedroom

-

-

$-

$-

2 - 3 Bedrooms

6

2

$1,795,000 - $6,599,000

$3,647,500

4 - 5 Bedrooms

11

6

$1,395,000 - $7,250,000

$5,400,000

6+ Bedrooms

2

-

$2,750,000 - $7,250,000

$5,000,000

Glenwood Springs SINGLE FAMILY HOMES $1M

Median Sold Price

Average Sold Price

3%

$800K $700K

6%

2022 vs 2023

$600K

2022 vs 2023

$500K $400K

2019

2020

2021

2022

2023

Third Quarter YTD of

Total Dollar Volume $141M

$150M

$125M

16%

2022 vs 2023

$90M

$105M

$105M

$120M

Million

Hundred Thousand

$900K

$71M

$60M $30M $0

2019

2020

2021

2022

Third Quarter YTD of

Number of Properties Sold SOLD

SOLD

SOLD

SOLD

SOLD

118

160

169

130

106

2019

2020

2021

2022

2023

Third Quarter YTD of

18%

2022 vs 2023

2023

Glenwood Springs, Colorado

What’s Selling?

SINGLE FAMILY HOMES Number Sold

Sold Price Range

Median Sold Price

Median % Off Asking Price

Avg. Days On Market

Single Family Homes Sold Third Quarter YTD Studio - 1 Bedroom

2

$399,000 - $665,000

$532,000

2

120

2 - 3 Bedrooms

67

$410,000 - $1,670,000

$815,000

1

96

4 - 5 Bedrooms

35

$395,000 - $2,495,000

$1,075,000

3

82

6+ Bedrooms

2

$1,260,000 - $3,350,000

$2,305,000

5

59

Glenwood Springs SINGLE FAMILY HOMES Average Price Per Square Foot $500

$400

$400 $300

$441

10%

$335 $247

$260

2022 vs 2023

$200 $100 $0

2019

2020

2021

2022

2023

Third Quarter YTD of

% Sold Price to Original List Price

0%

2022 vs 2023

98%

98%

99%

99%

99%

2019

2020

2021

2022

2023

Third Quarter YTD of

Average Days on Market

114 2019

103 2020

87 2021

Third Quarter YTD of

90 2022

91 2023

1%

2022 vs 2023

Glenwood Springs, Colorado

What’s For Sale?

SINGLE FAMILY HOMES Active

Pending

Active Asking Price Range

Median Asking Price

Single Family Homes Active & Pending Studio - 1 Bedroom

1

-

$190,000

$190,000

2 - 3 Bedrooms

15

13

$695,000 - $1,600,000

$899,000

4 - 5 Bedrooms

14

7

$640,000 - $2,950,000

$1,045,000

6+ Bedrooms

2

1

$1,600,000 - $9,000,000

$5,300,000

Glenwood Springs CONDO / TOWNHOMES $600K

3%

$500K $450K

2022 vs 2023

4%

2022 vs 2023

$400K $350K $300K

2019

2020

2021

2022

2023

Third Quarter YTD of

Total Dollar Volume $50M

$43M

$40M

16%

2022 vs 2023

Million

Hundred Thousand

Median Sold Price

Average Sold Price

$650K

$30M

$23M

$27M $22M $17M

$20M $10M $0

2019

2020

2021

2022

Third Quarter YTD of

Number of Properties Sold SOLD

SOLD

SOLD

SOLD

SOLD

72

63

68

81

32

2019

2020

2021

2022

2023

Third Quarter YTD of

46%

2022 vs 2023

2023

Glenwood Springs, Colorado

What’s Selling?

CONDOS AND TOWNHOMES Number Sold

Sold Price Range

Median Sold Price

Median % Off Asking Price

Avg. Days On Market

Condo / Townhomes Sold Third Quarter YTD Studio - 1 Bedroom

4

$160,000 - $300,000

$247,500

3

91

2 - 3 Bedrooms

26

$325,000 - $900,000

$530,250

1

71

4 - 5 Bedrooms

2

$700,000 - $802,500

$751,250

2

50

Glenwood Springs CONDOS / TOWNHOMES Average Price Per Square Foot $500 $400 $300

$258

$266

2019

2020

$306

10%

$411

$362

2022 vs 2023

$200 $100 $0

2021

2022

2023

Third Quarter YTD of

% Sold Price to Original List Price

1%

2022 vs 2023

98%

98%

100%

99%

98%

2019

2020

2021

2022

2023

Third Quarter YTD of

Average Days on Market

96 2019

80 2020

52 2021 Third Quarter YTD of

95 2022

72 2023

24%

2022 vs 2023

Glenwood Springs, Colorado

What’s For Sale?

CONDOS AND TOWNHOMES Active

Pending

Asking Price Range

Median Asking Price

Condominiums / Townhomes Active & Pending Studio - 1 Bedroom

1

-

$299,950

$299,950

2 - 3 Bedrooms

4

3

$539,000 - $649,000

$627,500

4 - 5 Bedrooms

1

-

$879,000

$879,000

1

#

2023 Top Sales

Ute Avenue | Aspen $76,000,000

3

#

2

#

Rose Spur Road | Snowmass $24,000,000

294 Draw Drive | Aspen $21,000,000

Our Property Collection

Brush Creek Ranch $29,000,000

6 BEDS | 6 BATHS | 4,995 SF | 102+ ACRE RANCH 660 BRUSH CREEK ROAD, SNOWMASS VILLAGE

West End Retreat $28,500,000

5 BEDS | 5F, 2H BATHS | 6,019 SF 810 W SMUGGLER STREET, ASPEN

Red Mountain Ranch $23,000,000

5 BEDS | 5 BATHS | 3 CAR GARAGE 804 HUNTER CREEK ROAD, ASPEN

Red Mountain Sanctuary

Unbeatable + Rare Lake Views

4 BEDS | 4F, 2H BATHS | 4,744 SF 349 DRAW DRIVE, ASPEN 60

5 BEDS | 4F, 1H BATHS | 4,457 SF 280 LAKE AVENUE, ASPEN 60

$21,500,000 OPEN-LIVING CONCEPT

Unmatched Location

$19,950,000 WEST END LIVING

Luxurious West End

$19,500,000 WEST END CONTEMPORARY

$18,500,000 PERFECT FOR HOSTING

4 BEDS | 4F, 2H BATHS | 3,829 SF 105 E HALLAM STREET, ASPEN 60

4 BEDS | 4F, 1H BATHS | 5,482 SF 101 W FRANCIS STREET, ASPEN

Majestic Maroon Court

Havens 8

$18,000,000 NEW CONSTRUCTION

$17,600,000 SKI-IN/SKI-OUT

5 BEDS | 8 BATHS | 5,066 SF 30 MAROON COURT, ASPEN 660

4 BEDS | 4F, 1H BATHS | 3,349 SF 411 WOOD ROAD 8, SNOWMASS VILLAGE

Discover Modern Elegance

Aspen’s Coveted West End

4 BEDS | 5F, 1H BATHS | 4,900 SF 765 CEMETERY LANE, ASPEN

4 BEDS | 6 BATHS | 3,759 SF 604 N EIGHTH STREET, ASPEN

$14,900,000 NEW CONSTRUCTION

$12,500,000 ASPEN RETREAT

Aspen Mountain Views

Beautiful West End Victorian

$12,000,000 ENTERTAINER’S DREAM

$8,495,000 WALK TO EVERYTHING

4 BEDS | 4F, 1H BATHS | 3,083 SF 1190 RIVERSIDE DRIVE, ASPEN

3 BEDS | 3F, 1H BATHS | 2,176 SF 131 W BLEEKER STREET, ASPEN

Mountains of Opportunity

Close to Everything in Aspen

$7,500,000 LUXURIOUS RETREAT

$7,250,000 ASPEN MOUNTAIN VIEWS

2 BEDS | 1 BATHS | 999 SF + 71 ACRES 4300 MIDNIGHT MINE RD., ASPEN

4 BEDS | 4 BATHS | 2,624 SF 215 MIDLAND AVENUE UNIT B, ASPEN

Design Your Dream Home

Tranquil Banks of Capitol Creek

$6,500,000 WHITE BOX - CUSTOMIZE IT

$5,995,000 BREATHTAKING VIEWS

4 BEDS | 3F, 2H BATHS | 5,740 SF

4 BEDS | 3F, 1H BATHS | 3,342 SF

340 MONASTERY CUTOFF RD, SNOWMASS

35 STARLIT LANE, SNOWMASS

Great Aspen Core Condo

Concept 600 Aspen Core Condo

$3,250,000 A BLOCK FROM GONDOLA

$3,200,000 ALLOWS FOR STR’S

2 BEDS | 2 BATHS | 932 SF 450 S ORIGINAL STREET 2, ASPEN 60

2 BEDS | 1F, 1H BATHS | 950 SF 600 E MAIN STREET #408, ASPEN 60

Fasching Haus Aspen Core

Heart of Downtown Basalt

$3,100,000 RARELY AVAILABLE

$2,500,000 CHARMING VICTORIAN

2 BEDS | 2 BATHS | 845 SF 718 S MILL STREET 11, ASPEN

5 BEDS | 4F, 1H BATHS | 2,462 SF

Downtown Aspen Core

140 E HOMESTEAD DRIVE, BASALT

Historic Herron Mansion

$2,495,000 NEWLY REMODELED

$2,195,000 STR PERMITS AVAILABLE

2 BEDS | 1 BATH | 771 SF 220 W MAIN STREET 210/P1/B6, ASPEN

1 BED | 1 BATH | 616 SF 333 W MAIN STREET 1-A, ASPEN

Discover Mountain Luxury Living

Lions Ridge Estate Private Home

$2,025,000 SKI-IN, SKI-OUT

$1,790,000 3 LEVEL ADOBE HOME

2 BEDS | 2 BATHS | 757 SF 130 WOOD ROAD 505 & 507, SMV

4 BEDS | 4F, 1H BATHS | 3,901 SF LIONS RIDGE ROAD, CARBONDALE

Stonebridge On Mountain Living

Aspen Core Pied-à-Terre

$1,500,000 SKI-IN, SKI-OUT

$989,000 TURN-KEY STUDIO

1 BED | 2 BATH | 716 SF 30 ANDERSON LANE 802, SMV

STUDIO | 1 BATH | 350 SF 725 E MAIN STREET #108, ASPEN

Timberline Deluxe Condominium

Colorado’s Western Slope

$825,000 AMAZING AMENITIES

$525,000 BREATHTAKING LANDSCAPE

1 BED | 1 BATH | 687 SF 690 CARRIAGE WAY UNIT B1B, SMV

10 ACRES WITH WATER RIGHTS 213 259A COUNTY ROAD, SILT

Sweeping Panoramic Views

Stunning Views

$500,000 BUILD YOUR DREAM HOME

$250,000 BUILD YOUR DREAM HOME

20 ACRES WITH STUNNING VIEWS 152 RUSTY SPUR TRAIL, RIFLE

10 ACRES WITH STUNNING VIEWS 152 RUSTY SPUR TRAIL, RIFLE

Homesite at Aspen Glen

$199,000 BUILD YOUR DREAM HOME

0.41 ACRES GATED COMMUNITY 152 GOLDEN STONE DRIVE, CARBONDALE

LIFESTYLE. LUXURY. LEGACY. 520 E Durant Ave Suite 205, Aspen • 970.544.5800 Properties@ChristiesAspenRE.com • ChristiesAspenRE.com