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Klug Properties
Fourth Quarter Market Report 2022
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Fourth Quarter Market Report 2022

Published December 10, 2024Download PDF

Happy 2023! I hope you had a wonderful holiday and are doing well and enjoying a great start to the new year. The holidays were so magical in Aspen Snowmass the past weeks. I cherish the time spent with family and friends and the return of so many friends to our mountain community. Thank you to those that joined us for the ACES Après Ski Party. I found myself reflecting the past weeks on the experiences, highlights, and lessons learned the past year - and the excitement of new beginnings as we e

Happy 2023! I hope you had a wonderful holiday and are doing well and enjoying a great start to the new year. The holidays were so magical in Aspen Snowmass the past weeks. I cherish the time spent with family and friends and the return of so many friends to our mountain community. Thank you to those that joined us for the ACES Après Ski Party. I found myself reflecting the past weeks on the experiences, highlights, and lessons learned the past year - and the excitement of new beginnings as we enter 2023. I still love what I am doing; I continue to want to improve and deliver fabled service, thoughtful and timely communication, and value at every opportunity to our clients and to be the #1 real estate sales team in Aspen Snowmass.

We’re off to a great start to winter at Aspen Snowmass. The only number that really matters in my ensuing market summary and analysis is that the local snowpack is above 130% of average! It’s dumping huge snowflakes as I write this summary. All that rain along the west coast the past weeks has delivered some nice snowfall to the Elk Mountains the past weeks with more on the way. January is shaping up nicely. This is a great time to be in Aspen Snowmass with epic winter conditions and empty slopes after the holiday craziness, and before the energy of X Games, President’s Weekend, and World Cup returns later this winter.  

While 2022 wasn’t as strong as the past two pandemic-fueled years in terms of dollar volume and the number of transactions it was still a very strong year historically with average sold price and average sold price per sq. ft. at all time highs. Fewer transactions and less volume, but higher prices were the story in 2022! Dollar volume dropped in Aspen Snowmass by about a third from a year ago for single-family homes and condos while transactions were about half of last year overall. It was still the third strongest year ever for sold volume for Aspen and Snowmass condos and single-family homes. Aspen single-family sold volume was more than double the sold volume of 2019…click the report to keep reading

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