Living Aspen Winter 2023

I hope you are doing well and enjoying all of the new snow. Thank you for picking up our newest winter 2023 copy of Living Aspen Magazine. I’m proud to showcase our exclusive Klug Properties collection of the Roaring Fork Valley’s finest luxury properties. What a winter season it has been so far with incredible snowfall and the return of our favorite events in a big way. It was so fun to welcome back the energy of X Games at the newly redesigned Buttermilk Base Area. World Cup ski racing comes home to Aspen for America’s Downhill in early March and there are lots more fun events and activities yet to come. It’s a great time to be in the mountains!

While our market is normalizing with increased inventory, half the transactions of a year ago, and one-third of the sold volume, a seller’s market remains, although not as extreme of a seller’s market as the past almost three years. Remember inventory is still about half of where it was pre-pandemic in the upper valley. Scarcity due to prolonged permitting and construction timelines for new product along with limited demo quotas and increased costs combined with the uniqueness of Aspen continue to drive demand - especially at the upper end of our market. Short-term rental restrictions are positively impacting lodging designated property sales while making non-lodging properties with a 30-day rental minimum without a short-term rental permit more challenging. Pricing correctly, staging beautifully – keeping in mind you only get one chance to make a first impression, and marketing aggressively across the most powerful and the only true global luxury brand is more important than ever in a changing market! 

The right time to buy in Aspen Snowmass is when the property you’re looking for is available. We’re not making more land and we’re surrounded by White River National Forest. Long-term Aspen Snowmass has been a great quality of life and financial investment. I feel so grateful to be Living Aspen Snowmass. I love what I do and I love this valley. I believe it’s still one of the great places on earth. Few places offer the culinary delights, cultural and recreational opportunities, and access like Aspen Snowmass. The Aspen Idea of nourishing mind, body, and spirit in the mountains is still alive in our community. Please reach out if you would like a complimentary in-depth analysis of your property today. I study the market every day, and I am here full-time, ready to help you! I hope to see you again soon on the mountain. Have a fun and safe winter season!

Chris Klug