Condominium and Townhouses
Single Family Houses
High-End Single Family
Single Family Lots
Final
Thoughts and Conclusions
Forecast for 2024 – How did RG do?
• Aspen Single-Family: Similar to modestly increased number of house sales and dollar volume. Both were down. Another strong year for sales over $10M, and over $20M. Most neighborhoods should see stable or modestly improving $/SF and values.
• Snowmass Single-Family: Similar number of sales and similar dollar volume. # of sales were down; dollar volume up. Flat to modest appreciation in most neighborhoods. $/SF was up in all neighborhoods.
• High-end Aspen-Snowmass Single-Family: performance will be similar to or exceeding 2023, with 70-90 sales over $5M, including 50-60 over $10M, 15-20 sales over $20M (there were 22) and 5-10 sales over $30M. Not surprising to see our first $100M house sale. Off-market listings will continue to drive the $20M+ market.
Forecast for 2024 – How did RG do?
• Aspen Lots: More sales, similar to modestly higher dollar volume, stable to modestly increasing prices in most neighborhoods.
• Snowmass Lots: Fewer sales, lower dollar volume compared to 2023.
• Aspen Condominiums/Townhouses: Fewer sales and lower dollar volume compared to 2023, but stable to modest increases in the average price and $/SF. Average down, $/SF up.
• Snowmass Condominiums: abundance of units already under contract; similar number of sales with increased dollar volume. More sales; record dollar volume. Continued increase in $/SF and in the average price, still being driven by new units in Base Village.
Forecast for 2024 – How did RG do?
• Aspen-Snowmass (Pitkin County) – Downward trend will correct. My forecast is for 700 to 900 transactions and $3B to $3.3B in dollar volume. There were 875 transactions and $3.8B in dollar volume.
Forecast for 2025
• Aspen Single-Family: Fewer sales and dollar volume. Another strong year for sales over $10M, and over $20M. Most neighborhoods should see stable or modestly improving $/SF and values.
• Snowmass Single-Family: Fewer sales and lower dollar volume. Stable to modest appreciation in most neighborhoods.
• High-end Aspen-Snowmass area single family market: performance will be similar to or exceeding 2024, with 5060 sales over $10M, 10-15 sales over $20M and 10-15 sales over $30M. Not surprising to see our second and possibly third $100M house sale. Off-market listings will continue to drive the $20M+ market.
Forecast for 2025
• Aspen Lots: Fewer sales and lower dollar volume with stable prices in most neighborhoods.
• Snowmass Lots: Few sales, similar to modestly increased dollar volume compared to 2024.
• Aspen Condominiums/Townhouses: Fewer sales and lower dollar volume compared to 2024, but stable to modest increases in the average price and $/SF.
• Snowmass Condominiums: Fewer sales and much reduced dollar volume. The average and median sale prices, and $/SF indicators should continue to increase, still driven by newer units in Base Village.
Forecast for 2025
• Aspen-Snowmass (Pitkin County) – Upward trend will reverse, largely in the second half of 2025. My forecast is for 650 to 800 transactions and $2.8B to $3.3B in dollar volume.
THANK YOU FOR LISTENING!