First Quarter Market Report 2023

What a winter it was with non-stop snowfall and incredible skiing and snowboarding conditions starting in Oc- tober through April. We’re happy to finally see some warmer temps and more sunshine in the high country. Like the changing weather and seasons, the upper Roaring Fork Valley Real Estate Market also continues to change. Transactions for all whole ownership residential property types in the upper Roaring Fork Valley from Aspen to Old Snowmass Q1 2022 vs. Q1 2023 are down overall 24% with dollar volume also down 33%, while the average sold price is down 12%, and avg. sold $/SF slipped 2.3%. Average days on market climbed from 117 days last year to 180 in 2023, a 54% increase. Inventory from Aspen to Old Snowmass has increased by 69%. There were 152 pending sales totaling $530 million of all property types from Aspen to Old Snowmass as of March 31, 2023, compared to 150 a year ago totaling $658 million, a 19% drop in pending volume.