January Market Snapshots

We are pleased to share our Klug Properties January 2024 Market Snapshots with you. Please find some key takeaways below about the Aspen Snowmass Real Estate market.

- Aspen Snowmass has started 2024 with impressive sales numbers in January.

- The volume of sold Aspen condos was four times higher than the previous January.

- There were no single-family sales in Basalt indicating low inventory and the impact of interest rates. However, the Basalt condo numbers are considerably stronger than a year ago. 

- The high-end properties, priced at ten million dollars or more, continue to drive the market with seven sales in January 2024 compared to just three last January. 

- The inventory of Aspen properties increased by 35%, and 21% in Snowmass Village in January 2024 compared to January 2023. 

- As of January 31, 2024, there were 23 whole ownership, free-market properties pending sale in Aspen, compared to 17 a year ago, a 35% increase. Furthermore, pending dollar volume in Aspen increased by 143%, suggesting a strong spring of closings ahead. 

- The pending dollar volume in Snowmass of all free-market, whole ownership property types at $370 million is higher than Aspen’s pending volume as of Jan. 31, 2024 - Cirque being sold out and Aura nearly sold out has a lot to do with under-contract numbers in Snowmass Village. 

- The current inventory of Aspen condos, single-family homes, and vacant land combined is 8 months, while Snowmass has 5.7 months indicating a continued seller's market. 

- The inventory from Aspen - Old Snowmass is 46% lower than pre-pandemic levels from January 2020.