Third Quarter Market Report 2019

Happy fall season! It has been a beautiful October in Aspen Snowmass! I am excited to share my Klug Properties Third Quarter 2019 Aspen Snowmass Market Report with you. Thanks for checking it out. Here are some trends I’m seeing today in the upper and mid Roaring Fork Valley Real Estate Market:

• Overall less product available today than past years, but a lot of inventory at the upper end throughout the valley.
• Average Aspen condo sold $/SF of $1,580 is an all-time high, up about $3.5% over last year.
• September was strong for Aspen condominium sales.
• Single-family under $3 million and new product at the upper end of the Snowmass Village single-family market is what’s moving!
• A lot of inventory in Snowmass Village and Aspen at the upper end.
• A big disparity of sales activity in Snowmass Village of new versus old condo product.
• Single-family homes below $3 million are selling in Snowmass Village in Melton Ranch, Ridge Run, and Wildridge.
• No matter where you are buyers are paying a premium for new and convenient.
• Basalt is seeing very similar numbers to last year. It’s going to be a strong Q4’19 in Basalt with more pending sales activity.
• The majority of Basalt sales activity is below $1 million with some big numbers at Roaring Fork Club.
• Velocity of Basalt home sales has increased.

I hope my market report is a helpful resource. I study the market every day; this is not a hobby for me! Please call or email anytime with questions, or to discuss your specific home or neighborhood in more detail. I’m happy to provide a complimentary in-depth analysis of your property today. Enjoy the fall season! I hope to connect again soon. Get ready for a great winter ahead! I look forward to making some turns together this winter in Aspen Snowmass!