Market Report 2022 Second Quarter Aspen Snowmass Village Basalt Carbondale Glenwood Springs
Today’s Real Estate in the Roaring Fork Valley Thank you for reading the Aspen Snowmass
year for most property types (fractional real estate
Sotheby’s International Realty 2022 Second Quarter
sales has been an exception this year with strong
(mid-year) Market Report. Aspen Snowmass
increases in the number of transactions).
Sotheby’s International Realty is the largest real estate brokerage in the Roaring Fork Valley – we literally have the Roaring Fork Valley covered with fourteen offices between Aspen Snowmass and Glenwood Springs, and our business reach covers an even broader area to Rifle and beyond. Our firm represents more buyers and sellers than any other real estate company in our region, and that coverage
…there are a few signs pointing toward a shift in the Aspen area real estate market
provides us with a unique lens into the local real estate market. Recently, there are a few signs pointing toward a The theme for nearly every town and neighborhood
shift in the Aspen area real estate market; listing
in our area year-to-date for 2022 has been
inventory is starting to climb for the first time since
historically low listing inventory levels and rapidly
2020. Despite several notable high-end sales, there
increasing prices. However, not every local real
has been an increasing number of price reductions
estate trend has been positive this year, the overall
as sellers try to catch buyers who are becoming
number of sales has declined 20%+ year-over-
more pragmatic in their purchase process. I am looking forward to seeing how a busy summer translates to real estate contracts and closings over the coming weeks and months. Please enjoy our latest report!
Andrew Ernemann President Aspen Snowmass Sotheby’s International Realty
Interested in additional information not included in the report? Wondering how this insight could be advantageous to you and your personal real estate goals? Our expert brokers are here to help.
Get in touch today. AspenSnowmassSIR.com 970.925.6060
Aspen 2021 vs. 2022 Second Quarter
Single–Family Homes Average Sold Price
49%^
Average Sold Price per Square Foot 2021 – $13,195,384 2022 – $19,708,022
51%^
2021 – $2,110 2022 – $3,176
Average Days on Market
% Sold Price to Original List Price
-38%
2%^
2021 – 303 2022 – 187
^
-58%
Highest Price Sold 2021 – $3,100,000 2022 – $1,300,000
^
^
Lowest Price Sold
2021 – 95% 2022 – 97%
-17%
Number of Properties Sold
Total Sales Volume
-34%
-2%
^
2021 – 64 2022 – 42
2021 – $72,500,000 2022 – $60,000,000
2021 – $844,504,601 2022 – $827,736,909
^
Condominiums, Townhomes & Duplexes Average Sold Price
94%^
Average Sold Price per Square Foot 2021 – $2,394,045 2022 – $4,651,758
56%^
2021 – $1,800 2022 – $2,817
Average Days on Market
% Sold Price to Original List Price
-49%
2%^
2021 – 173 2022 – 88
^
Lowest Price Sold
9%^
2021 – 96% 2022 – 98%
Highest Price Sold 2021 – $244,000 2022 – $265,000
67%^
Number of Properties Sold
Total Sales Volume
-38%
20%^
2021 – 107 2022 – 66
2021 – $12,000,000 2022 – $20,000,000
2021 – $256,162,816 2022 – $307,015,999
^
Snowmass Village 2021 vs. 2022 Second Quarter
Single–Family Homes Average Sold Price
30%^
Average Sold Price per Square Foot 2021 – $5,463,868 2022 – $7,101,745
28%^
2021 – $1,241 2022 – $1,587
Average Days on Market
% Sold Price to Original List Price
-22%
0%
2021 – 241 2022 – 189
^
Lowest Price Sold
76%^
2021 – 96% 2022 – 96%
Highest Price Sold 2021 – $1,660,000 2022 – $2,925,000
46%^
Number of Properties Sold
Total Sales Volume
-21%
3%^
2021 – 34 2022 – 27
2021 – $12,500,000 2022 – $18,250,000
2021 – $185,771,500 2022 – $191,747,114
^
Condominiums, Townhomes & Duplexes Average Sold Price
58%^
Average Sold Price per Square Foot 2021 – $1,287,309 2022 – $2,027,805
67%^
2021 – $894 2022 – $1,495
Average Days on Market
% Sold Price to Original List Price
-47%
2%^
2021 – 172 2022 – 92
^
-52%
Highest Price Sold 2021 – $301,000 2022 – $145,000
^
^
Lowest Price Sold
2021 – 97% 2022 – 99%
-27%
Number of Properties Sold
Total Sales Volume
-52%
-25%
^
2021 – 130 2022 – 62
2021 – $9,000,000 2022 – $6,600,000
2021 – $167,350,112 2022 – $125,723,900
^
Aspen Shared Ownership 2021 vs. 2022 Second Quarter
Shared Ownership Average Sold Price
27%^
Average Sold Price per Square Foot 2021 – $416,712 2022 – $530,006
18%^
2021 – $183 2022 – $215
Average Days on Market
% Sold Price to Original List Price
-13%
2%^
2021 – 192 2022 – 168
^
-7%
Highest Price Sold 2021 – $15,000 2022 – $14,000
^
^
Lowest Price Sold
2021 – 92% 2022 – 94%
-12%
Number of Properties Sold
Total Sales Volume
53%^
94%^
2021 – 55 2022 – 84
2021 – $3,000,000 2022 – $2,638,000
2021 – $22,919,165 2022 – $44,520,472
Snowmass Shared Ownership 2021 vs. 2022 Second Quarter
Shared Ownership Average Sold Price
39%^
Average Sold Price per Square Foot 2021 – $268,294 2022 – $373,728
96%^
2021 – $150 2022 – $294
Average Days on Market
% Sold Price to Original List Price
35%^
0%
2021 – 185 2022 – 249
Lowest Price Sold
65%^
2021 – 96% 2022 – 96%
Highest Price Sold 2021 – $100,000 2022 – $165,000
9%^
Number of Properties Sold
Total Sales Volume
35%^
88%^
2021 – 34 2022 – 46
2021 – $585,000 2022 – $635,000
2021 – $9,122,000 2022 – $17,191,500
Woody Creek 2021 vs. 2022 Second Quarter
Single–Family Homes ^
-95%
Average Sold Price per Square Foot 2021 – $10,714,000 2022 – $585,000
^
Average Sold Price
-44%
2021 – $1,018 2022 – $571
Average Days on Market
% Sold Price to Original List Price
-70%
-4%
43%^
2021 – 94% 2022 – 90%
Highest Price Sold 2021 – $410,000 2022 – $585,000
^
^
Lowest Price Sold
^
2021 – 248 2022 – 75
-97%
Number of Properties Sold
Total Sales Volume
-80%
-99%
^
^
2021 – 5 2022 – 1
2021 – $20,000,000 2022 – $585,000
2021 – $53,570,000 2022 – $585,000
Old Snowmass 2021 vs. 2022 Second Quarter
Single–Family Homes Average Sold Price
157%^
Average Sold Price per Square Foot 2021 – $2,447,778 2022 – $6,288,462
84%^
2021 – $616 2022 – $1,134
Average Days on Market
% Sold Price to Original List Price
105%^
-3%
Lowest Price Sold
^
-49%
^
2021 – 115 2022 – 236
2021 – 97% 2022 – 94%
Highest Price Sold 2021 – $780,000 2022 – $395,000
512%^
Number of Properties Sold
Total Sales Volume
44%^
271%^
2021 – 9 2022 – 13
2021 – $6,700,000 2022 – $41,000,000
2021 – $22,030,000 2022 – $81,750,000
Basalt 2021 vs. 2022 Second Quarter
Single–Family Homes Average Sold Price
Average Sold Price per Square Foot
^
-10%
2021 – $1,658,295 2022 – $1,500,565
23%^
2021 – $478 2022 – $587
Average Days on Market
% Sold Price to Original List Price
-40%
5%^
2021 – 187 2022 – 112
^
^
-50%
Highest Price Sold 2021 – $585,000 2022 – $290,000
^
Lowest Price Sold
2021 – 96% 2022 – 101%
-52%
Number of Properties Sold
Total Sales Volume
-41%
-47%
^
2021 – 39 2022 – 23
2021 – $9,200,000 2022 – $4,400,000
2021 – $64,673,500 2022 – $34,513,000
^
Condominiums, Townhomes & Duplexes Average Sold Price
53%^
Average Sold Price per Square Foot 2021 – $716,200 2022 – $1,093,430
49%^
2021 – $482 2022 – $719
Average Days on Market
% Sold Price to Original List Price
47%^
2%^
2021 – 97 2022 – 143
Lowest Price Sold
6%^
2021 – 99% 2022 – 101%
Highest Price Sold 2021 – $320,000 2022 – $340,000
27%^
Number of Properties Sold
Total Sales Volume
28%^
96%^
2021 – 39 2022 – 50
2021 – $2,165,000 2022 – $2,760,000
2021 – $27,931,800 2022 – $54,671,500
Carbondale 2021 vs. 2022 Second Quarter
Single–Family Homes Average Sold Price
28%^
Average Sold Price per Square Foot 2021 – $1,559,944 2022 – $1,993,915
38%^
2021 – $453 2022 – $626
Average Days on Market
% Sold Price to Original List Price
60%^
0%
2021 – 99 2022 – 158
12%^
Highest Price Sold 2021 – $535,000 2022 – $600,000
^
Lowest Price Sold
2021 – 98% 2022 – 98%
-33%
Number of Properties Sold
Total Sales Volume
-40%
-24%
^
2021 – 52 2022 – 31
2021 – $5,300,000 2022 – $3,550,000
2021 – $81,117,075 2022 – $61,811,366
^
Condominiums, Townhomes & Duplexes Average Sold Price
52%^
Average Sold Price per Square Foot 2021 – $601,997 2022 – $913,046
21%^
2021 – $401 2022 – $487
Average Days on Market
% Sold Price to Original List Price
68%^
-1%
Lowest Price Sold
9%^
^
2021 – 164 2022 – 275
2021 – 100% 2022 – 99%
Highest Price Sold 2021 – $306,818 2022 – $335,000
2%^
Number of Properties Sold
Total Sales Volume
-44%
-15%
^
2021 – 43 2022 – 24
2021 – $1,550,000 2022 – $1,585,000
2021 – $25,885,852 2022 – $21,913,109
^
Glenwood Springs 2021 vs. 2022 Second Quarter
Single–Family Homes Average Sold Price
14%^
Average Sold Price per Square Foot 2021 – $801,462 2022 – $917,088
24%^
2021 – $319 2022 – $396
Average Days on Market
% Sold Price to Original List Price
-4%
1%^
2021 – 94 2022 – 90
^
-9%
Highest Price Sold 2021 – $400,000 2022 – $365,000
^
^
Lowest Price Sold
2021 – 98% 2022 – 99%
-20%
Number of Properties Sold
Total Sales Volume
-21%
-10%
^
2021 – 104 2022 – 82
2021 – $2,875,000 2022 – $2,300,000
2021 – $83,352,073 2022 – $75,201,254
^
Condominiums, Townhomes & Duplexes Average Sold Price
33%^
Average Sold Price per Square Foot 2021 – $377,813 2022 – $503,569
19%^
2021 – $295 2022 – $351
Average Days on Market
% Sold Price to Original List Price
100%^
0%
Lowest Price Sold
Highest Price Sold
2021 – 58 2022 – 116
53%^
2021 – $85,000 2022 – $130,000
38%^
Number of Properties Sold
Total Sales Volume
18%^
58%^
2021 – 38 2022 – 45
2021 – 100% 2022 – 100%
2021 – $635,000 2022 – $879,000
2021 – $14,356,900 2022 – $22,660,620
New Castle 2021 vs. 2022 Second Quarter
Single–Family Homes Average Sold Price
22%^
Average Sold Price per Square Foot 2021 – $539,526 2022 – $659,148
26%^
2021 – $251 2022 – $315
Average Days on Market
% Sold Price to Original List Price
6%^
0%
2021 – 79 2022 – 84
Lowest Price Sold
171%^
2021 – 100% 2022 – 100%
Highest Price Sold 2021 – $140,000 2022 – $380,000
23%^
Number of Properties Sold
Total Sales Volume
-29%
-13%
^
2021 – 52 2022 – 37
2021 – $895,636 2022 – $1,100,000
2021 – $28,055,336 2022 – $24,388,470
^
Condominiums, Townhomes & Duplexes Average Sold Price
17%^
Average Sold Price per Square Foot 2021 – $326,193 2022 – $380,607
16%^
2021 – $250 2022 – $290
Average Days on Market
% Sold Price to Original List Price
-22%
2%^
2021 – 54 2022 – 42
^
Lowest Price Sold
18%^
2021 – 100% 2022 – 102%
Highest Price Sold 2021 – $217,000 2022 – $255,000
56%^
Number of Properties Sold
Total Sales Volume
0%
17%^
2021 – 29 2022 – 29
2021 – $445,000 2022 – $692,000
2021 – $9,459,600 2022 – $11,037,590
Silt 2021 vs. 2022 Second Quarter
Single–Family Homes Average Sold Price
9%^
Average Sold Price per Square Foot 2021 – $485,563 2022 – $529,305
21%^
2021 – $237 2022 – $287
Average Days on Market
% Sold Price to Original List Price
7%^
-1%
10%^
2021 – 100% 2022 – 99%
Highest Price Sold 2021 – $277,000 2022 – $305,000
^
Lowest Price Sold
^
2021 – 81 2022 – 87
-11%
Number of Properties Sold
Total Sales Volume
2%^
12%^
2021 – 43 2022 – 44
2021 – $1,050,000 2022 – $934,500
2021 – $20,879,200 2022 – $23,289,433
Condominiums, Townhomes & Duplexes Average Sold Price
6%^
Average Sold Price per Square Foot 2021 – $341,500 2022 – $361,875
47%^
2021 – $163 2022 – $239
Average Days on Market
% Sold Price to Original List Price
4%^
-2%
^
-31%
2021 – 101% 2022 – 99%
Highest Price Sold 2021 – $259,000 2022 – $180,000
^
Lowest Price Sold
^
2021 – 48 2022 – 50
-0.23%
Number of Properties Sold
Total Sales Volume
100%^
112%^
2021 – 4 2022 – 8
2021 – $440,000 2022 – $439,000
2021 – $1,366,000 2022 – $2,895,000
Rifle 2021 vs. 2022 Second Quarter
Single–Family Homes Average Sold Price
19%^
Average Sold Price per Square Foot 2021 – $402,441 2022 – $479,655
17%^
2021 – $226 2022 – $264
Average Days on Market
% Sold Price to Original List Price
-1%
0%
^
2021 – 85 2022 – 84
Lowest Price Sold
28%^
2021 – 99% 2022 – 99%
Highest Price Sold 2021 – $200,000 2022 – $255,000
64%^
Number of Properties Sold
Total Sales Volume
-14%
3%^
2021 – 96 2022 – 83
2021 – $912,500 2022 – $1,500,000
2021 – $38,634,291 2022 – $39,811,355
^
Condominiums, Townhomes & Duplexes Average Sold Price
12%^
Average Sold Price per Square Foot 2021 – $247,289 2022 – $276,558
25%^
2021 – $176 2022 – $219
Average Days on Market
% Sold Price to Original List Price
22%^
-1%
2%^
2021 – 101% 2022 – 100%
Highest Price Sold 2021 – $147,000 2022 – $150,000
^
Lowest Price Sold
^
2021 – 97 2022 – 118
-19%
Number of Properties Sold
Total Sales Volume
-37%
-29%
^
2021 – 41 2022 – 26
2021 – $435,000 2022 – $351,000
2021 – $10,138,850 2022 – $7,190,500
^