Third Quarter 2022 Market Report | Christie's International Real Estate Aspen Snowmass

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Aspen and Snowmass Third Quarter 2022 Market Report

Source:
ASPEN | SNOW MA ASPENSS

Economic Overview

NATIONALLY

Despite negative GDP growth in the first half of 2022, the U.S. economy remains relatively solid, even as it has been battered by a series of one-offs and bad news. However, factors that drove growth since the start of the pandemic are unquestionably beginning to slow, with individual incomes generally flat, savings rates declining, and most of the pandemic-triggered stimulus has ended. Early forecasts place 22Q3 GDP at 2% growth as net exports improve. All indications are that 22Q3 and 22Q4 should show growth below trend but positive, and that may be enough to offset the bad first half year so that for all of 2022 we may ultimately have positive GDP growth.

Importantly, the consensus is that by 23Q2 the U.S. will most likely be in a recession as the impacts from rate hikes become increasingly felt throughout the economy. With inflation as public enemy number one, the Fed is likely to continue to raise the fed funds rate through the remaining two meetings this year and probably into next year as well. Currently, the impacts of higher interest rates are mostly seen in the housing market, and increasingly, manufacturing. We have not yet seen similar impacts in the traditionally interest-ratesensitive auto market since the ongoing chip shortage continues to keep the supply of autos well below demand. Over time, increased interest rates will broadly impact other parts of the economy, importantly business investment and commercial construction. This situation is not unique to the U.S., as central banks throughout the world are similarly raising interest rates to reduce the demand that far exceeds the available supply, causing inflation almost everywhere. As we look to 2023, all indications are that this will be a garden-variety recession, not particularly deep and lasting around a year.

Since the beginning of the year, the stock market has been down roughly 20% and teetering in and out of the bear market territory for months. The impact of rate hikes on the stock market is not a bug of current monetary policy but rather a feature, as the intent of rate hikes is to cool the economy down by reducing household spending. If history is a guide, the stock market will probably fall somewhat further, as we are likely to see lower corporate earnings in 2023 and higher interest rates push down price-to-earnings ratios.

While headline inflation numbers appear to have peaked and are likely to come down, core inflation looks to be more persistent and will ease more slowly. Declines in headline inflation are being led by improved supply chains and the resultant reduction in goods inflation, as well as declines in food and energy prices. However, core inflation, which is made up in large measure of services and rents, is coming down much more slowly, and other highly technical measures of inflation are flat or increasing, making it unlikely that inflation will dissipate soon, or at least soon enough to dissuade the Fed from further rate hikes.

Overall, despite rising rates, the economy remains in surprisingly good health, and it is thus highly unlikely that the Fed will quickly pivot to looser monetary policy. The most important variable to watch is inflation since it needs to fall meaningfully and steadily before the Fed becomes less hawkish.

Housing Market Overview

The Fed’s interest rate increases are having the intended impact as home price appreciation slows mean ingfully across the country, and in some markets, prices are starting to decline. Year-over-year price appre ciation that was as high as 15-20% as recently as six months ago is now down to single digits. Interestingly, because mortgage rates were so low for so long and so many houses were sold or refinanced since Covid, data show that as of July 31, 2022, 90% of first mortgages have an interest rate below 5%, and more than 66% have a rate below 4%. With rising interest rates, this rate “lock-in” is preventing a big bump in new list ings from materializing, keeping supply low, and thus propping up home prices. This lack of new listings is effectively reducing supply while simultaneously keeping demand down as well, by constricting the normal “move-up” market. On top of that, the shift from the pandemic to endemic nature of Covid and the associ ated return-to-office policies are dramatically slowing the second home market. Combined, this makes this housing market much different than those of the past.

As we look to the pending recession, there is little chance that this will be a replay of the Housing Bust of 2008. Demographics are still very strong, homeowners have a staggering amount of home equity built up, and there is still an underlying shortage of millions of housing units needed to meet demand. Overall, this remains a seller’s market, though one with more opportunities for potential buyers.

NATIONALLY
“...90% of first mortgages have an interest rate below 5%, and more than 66% have a rate below 4%. With rising interest rates, this rate “lock-in” is preventing a big bump in new listings from materializing, keeping supply low, and thus propping up home prices.”

Economic Overview

Unemployment in Colorado is at 3.4% as of 08/22 after hitting a peak of 11.8% in 05/20 (for comparison, the pre-pandemic rate was 2.8%). Statewide continuing claims for unemployment hit a high of 265,499 for the week ended 5/16/20 (compared to a pre-pandemic level of 21,956) and are now at 16,233 for the week ended 09/24/22. In Pitkin County, the August unemployment rate was 2.8%, a year ago it was 4.3% and for comparison, in 08/19 it was 2.2%.

Statewide, the August 2022 (latest data available) median price of a single-family home of $570,000 was 9.6% higher than September 2021, while the average price of $694,340 was 6.9% more.

In the condo/townhome market, the median price gained 9.2% to $414,961, while the average price rose just 4.4% to $531,892. Through August, closed sales across the state are down 25.3% while new listings have declined 13.2%. There are 19,024 active listings statewide at the end of August, a 37.5% increase over August of 2021, and that represents a 1.9 month’s supply of inventory, still well below the national level of 3.3 months. Across the state, the percentage of list price received at sale has fallen below 100% and is now 99.2% and days-on-market has increased to 31 days, up from 25 days in August 2021. As the Colorado real estate market continues to cool and inventories rise, potential buyers may finally see some relief as sellers start to offer price concessions.

COLORADO
Through August, closed sales across the state are down 25.3% while new listings have declined 13.2%. There are 19,024 active listings statewide at the end of August, a 37.5% increase over August of 2021...”

Economic Overview

ASPEN SNOWMASS

The median sale price of a single-family home in Aspen through the third quarter of 2022 was $13.4 million, a gain of 34% over the same period of 2021, while the average price rose 46% to $18.4 million. Townhome and condo prices in Aspen were up compared to last year with a median sale price of just over $3.1 million, and an average price of nearly $4.7 million, both 64% gains over last year. In the single-family market in Snowmass Village, the median price rose 30% over last year to $6.3 million while the average price rose 39% to nearly $7.4 million.

Townhomes and condos in Snowmass Village saw the highest year-over-year price appreciation, gaining 72% to nearly $1.5 million while the average price rose 53% to $2.0 million. Through September, there were 265 residential properties sold throughout the Aspen/Snowmass Village area, about half the level of a year ago, but rising prices helped sales volume, which only declined by about 21% compared to the same period of 2021. At the end of September, there were 91 single-family homes on the market throughout the entire Aspen/ Snowmass Village area and 101 townhomes and condos, collectively up 75% from September 2021.

The Aspen/Snowmass Village real estate market continues to defy the gravitational forces that are slowing markets elsewhere, perhaps because so many buyers are high wealth cash buyers and thus less impacted by rising interest rates. Prices and price appreciation remain high, and inventories are still very low. However, as the overall losses and increasing volatility of the debt and equity markets continue to batter investors and portfolios, buyer resolve may soften, even in highly desirable locations like Aspen and Snowmass Village. This is an economy and a real estate market in flux, and activity levels are generally slowing as sellers continue to insist on top dollar and buyers wait for price corrections.

“The Aspen/Snowmass Village real estate market continues to defy the gravitational forces that are slowing markets elsewhere, perhaps because so many buyers are high wealth cash buyers and thus less impacted by rising interest rates. ”

The median price for single family homes in Aspen through September 2022 rose to just over $13.4 million, up an impressive 34% over the same period in 2021. The average sale price of $18.4 million was 46% higher than last year.

The number of closed sales declined by about half to 52 which brought down overall dollar volume 22% from the same period last year or $956.4 million. Average sold price per square foot was up nearly 50% though, from $2,104 through 21Q3 to $3,109 in 22Q3.

As of the end of September, there were 73 singlefamily homes on the market, compared to 60 at the same point last year, a 22% increase.

The most expensive single-family home sold in Aspen through September was for $60 million, compared to $72.5 million during the same period in 2021.

Days on market fell from 266 to 166, while percent of sold price to original listing price rose from 95% last year to 97% this year.

Million $0 $300M $600M $900M $1.2B $1.5B Total Dollar Volume Third Quarter YTD of 202120192018 20222020 $377M $486M $1.22B $956M $1.08B 22% 2021 vs 2022 46% 2021 vs 2022 34% 2021 vs 2022 Average Sold Price Median Sold Price SOLD SOLD SOLD SOLD SOLD Number of Properties Sold Third Quarter YTD of 202120192018 20222020 56 63 96 97 52 46% 2021 vs 2022 $5M $10M $15M $20M Million 202120192018 20222020 Aspen SINGLE FAMILY HOMES
What’s Selling? SINGLE FAMILY HOMES Single Family Homes Sold 3rd Quarter YTD Number Sold Sold Price Range Median Sold Price Median % Off Asking Price Avg. Days On Market Studio - 1 Bedroom 2 - 3 Bedrooms 4 - 5 Bedrooms 6+ Bedrooms 2 6 33 11 $3,600,000 - $4,925,000 $1,300,000 - $9,975,000 $6,200,000 - $51,000,000 $11,475,000 - $60,000,000 $4,262,500 $5,747,500 $13,250,000 $35,500,000 8 4 1 7 63 209 158 185 Starwood in Aspen Aspen, Colorado 6 BEDS | 6 BATHS | 10,708 SF | 3+ AC
38% 2021 vs 2022 262 321 310 266 166 Average Days on Market Third Quarter YTD of 202120192018 20222020 % Sold Price to Original List Price Third Quarter YTD of 2021 vs 2022 2% 202120192018 20222020 93% 91% 91% 95% 97% Aspen SINGLE FAMILY HOMES Average Price Per Square Foot $0 $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 Third Quarter YTD of 202120192018 20222020 $1,588 $1,469 $3,109 $2,103$1,838 48% 2021 vs 2022
What’s For Sale? SINGLE FAMILY HOMES Single Family Homes Active Pending Active Asking Price Range Median Asking Price Studio - 1 Bedroom 2 - 3 Bedrooms 4 - 5 Bedrooms 6+ Bedrooms 0 11 45 13 0 2 9 5 0 $1,500,000 - $45,000,000 $2,200,000 - $43,900,000 $9,900,000 - $100,000,000 0 $8,300,000 $14,900,000 $24,995,000 Aspen Mountain Retreat Aspen, Colorado 2 BEDS | 1 BATH | 999 SF | 71.4 AC

Townhome and condominium prices in Aspen rose significantly through September, with both the median and average sale price rising 64% compared to last year, to $3.2 million and $4.7 million, respectively.

The number of properties sold decreased by nearly 50%, with just 95 closed sales through September 2022 compared to 178 through September 2021. Overall sales volume declined by 12.0% to $442 million, although the average price per square foot rose by to $2,807, a 44% gain over last year.

Condo and townhome inventories improved dramatically in comparison to last September, with 54 units on the market, compared to just 19 units last September.

In the Aspen condo/townhome market, the most expensive unit sold so far in 2022 was for $20 million, compared to the $36.5 million highest sale price through September 2021.

Days on market for condos/townhomes declined from 148 to 96 and percent of sold price to original list price increased from 97% to 98%.

Million $0 $100 $200 $300 $400 $500 $600 Total Dollar Volume Third Quarter YTD of 202120192018 20222020 $265M $240M $442M $504M $452M 12% 2021 vs 2022 64% 2021 vs 2022 64% 2021 vs 2022 Average Sold Price Median Sold Price SOLD SOLD SOLD SOLD SOLD Number of Properties Sold Third Quarter YTD of 202120192018 20222020 96 109 120 178 95 47% 2021 vs 2022 $1M $2M $3M $4M $5M Million 202120192018 20222020 Aspen CONDO / TOWNHOMES
What’s Selling? CONDO / TOWNHOMES Condo / Townhomes Sold 3rd Quarter YTD Number Sold Sold Price Range Median Sold Price Median % Off Asking Price Avg. Days On Market Studio - 1 Bedroom 2 - 3 Bedrooms 4 - 5 Bedrooms 6+ Bedrooms 28 50 16 1 $265,000 - $2,500,000 $1,095,000 - $13,750,000 $2,900,000 - $20,000,000 $8,375,000 $898,500 $4,062,500 $7,770,000 $8,375,000 0 1 3 1 58 73 227 263 Contemporary Aspen Home Aspen, Colorado 5 BEDS | 5 BATHS | 3,515 SF
35% 2021 vs 2022 309 222 269 148 96 Average Days on Market Third Quarter YTD of 202120192018 20222020 % Sold Price to Original List Price Third Quarter YTD of 2021 vs 2022 1% 202120192018 20222020 94% 95% 95% 97% 98% Aspen CONDOS AND TOWNHOMES Average Price Per Square Foot $0 $500 $1,000 $1,500 $2,000 $2,500 $3,000 Third Quarter YTD of 202120192018 20222020 $1,527 $1,580 $2,807 $1,954$1,850 44% 2021 vs 2022
What’s For Sale? CONDOS AND TOWNHOMES Condominiums / Townhomes Active Pending Asking Price Range Median Asking Price Studio - 1 Bedroom 2 - 3 Bedrooms 4 - 5 Bedrooms 6+ Bedrooms 8 29 13 1 3 8 1 0 $975,000 - $3,599,000 $ 1,200,000 - $9,995,000 $6,950,000 - $47,750,000 $24,950,000 $1,947,500 $3,950,000 $12,900,000 $24,950,000 Concept 600 Aspen Core Aspen, Colorado 2 BEDS | 2 BATHS | 950 SF

In Snowmass Village, the median sale price of a single-family home sold through the end of September 2022 rose to $6.3 million, a 30% increase over last year. Average price rose by 39% to just under $7.4 million. Average price per square foot increased by 30% to $1,613.

Closed sales declined by nearly 50% to 29 and dollar volume was down 28.0% to $215 million.

There are 18 single-family homes for sale in Snowmass Village at the end of September, slightly more than the 13 homes that were on the market

September.

The most expensive single-family home sold through September 2022 in Snowmass Village was for $18.3 million, while through September 2021 the highest price was $12.5 million.

Days on market for single-family homes in Snowmass Village declined slightly from 193 days last year to 183 days this year. The percent of sold price to original list price declined slightly from 97% to 96%.

last
Million $0 $50M $100M $150M $200M $250M $300M Total Dollar Volume Third Quarter YTD of 202120192018 20222020 $111M $138M $215M $299M $136M28% 2021 vs 2022 39% 2021 vs 2022 30% 2021 vs 2022 Average Sold Price Median Sold Price SOLD SOLD SOLD SOLD SOLD Number of Properties Sold Third Quarter YTD of 202120192018 20222020 34 35 35 56 29 48% 2021 vs 2022 $2M $3M $4M $5M $6M $7M $8M Million 202120192018 20222020 Snowmass Village SINGLE FAMILY HOME
What’s Selling? SINGLE FAMILY HOMES Condo / Townhomes Sold 3rd Quarter YTD Number Sold Sold Price Range Median Sold Price Median % Off Asking Price Avg. Days On Market Studio - 1 Bedroom 2 - 3 Bedrooms 4 - 5 Bedrooms 6+ Bedrooms 0 2 23 4 $0 $3,350,000 - $6,000,000 $2,925,000 - $13,000,000 $6,272,500 - $ 18,250,000 $0 $4,675,000 $5,950,000 $11,037,500 0 6 3 +.02 0 86 182 240 Brush Creek Ranch Snowmass Village, Colorado 6 BEDS | 6 BATHS | 4,995 SF | 102+ AC
5% 2021 vs 2022 297 353 239 193 183 Average Days on Market Third Quarter YTD of 202120192018 20222020 % Sold Price to Original List Price Third Quarter YTD of 2021 vs 2022 1% 202120192018 20222020 92% 91% 93% 97% 96% Snowmass Village SINGLE FAMILY HOME Average Price Per Square Foot 0 $500 $1,000 $1,500 $2,000 Third Quarter YTD of 202120192018 20222020 $764 $901 $1,613 $1,239 $923 30% 2021 vs 2022
What’s For Sale? SINGLE FAMILY HOME Single Family Home Active Pending Asking Price Range Median Asking Price Studio - 1 Bedroom 2 - 3 Bedrooms 4 - 5 Bedrooms 6+ Bedrooms 0 0 17 1 0 0 4 0 $0 $ 0 $2,800,000 - $18,000,000 $16,900,000 $0 $0 $7,000,000 $16,900,000 Luxury Rental - Pines at Owl Creek Snowmass Village, Colorado 5 BEDS | 5 FULL, 1 HALF BATHS | 5,459 SF

Condo and townhome median prices in Snowmass Village rose by a staggering 72% compared to last year, at just under $1.5 million, while the average price rose by 53% to just under $2.0 million. Closed sales through September decreased by about half to 89 sales, and overall sales volume declined by 28% to slightly below $178 million. Average price per square foot rose by 62%, from $932 in 2021 to $1,512 through September 2022.

At the end of September there were 47 townhome or condo units on the market in Snowmass Village, compared to 18 last September.

In the Snowmass Village condo/townhome market, the most expensive property sold through September 2022 was for $6.6 million, compared to last year’s high of $9.0 million.

Days on market for condos/townhomes in Snowmass Village declined from 188 through September to 89 days last year, while the percent of sold price to original list price stayed steady at 98.0%

Million $0 $50M $100M $150M $200M $250M Total Dollar Volume Third Quarter YTD of 202120192018 20222020 $75M $95M $177M $245M $148M 28% 2021 vs 2022 53% 2021 vs 2022 72% 2021 vs 2022 Average Sold Price Median Sold Price SOLD SOLD SOLD SOLD SOLD Number of Properties Sold Third Quarter YTD of 202120192018 20222020 104 94 113 188 89 53% 2021 vs 2022 $500K $1M $1.5M $2M Million 202120192018 20222020 Snowmass Village CONDO / TOWNHOME
What’s Selling? CONDO / TOWNHOME Condo / Townhomes Sold 3rd Quarter YTD Number Sold Sold Price Range Median Sold Price Median % Off Asking Price Avg. Days On Market Studio - 1 Bedroom 2 - 3 Bedrooms 4 - 5 Bedrooms 19 65 5 $145,000 - $1,195,000 $845,000 - $6,400,000 $1,925,000 - $6,600,000 $730,000 $1,700,000 $2,795,750 0 1 1 119 80 84 One Snowmass West Snowmass Village, Colorado 3 BEDS | 3 BATHS | 2,005 SF
42% 2021 vs 2022 214 256 262 151 88 Average Days on Market Third Quarter YTD of 202120192018 20222020 % Sold Price to Original List Price Third Quarter YTD of 2021 vs 2022 0% 202120192018 20222020 95% 96% 94% 98% 98% Snowmass Village CONDO / TOWNHOME Average Price Per Square Foot $0 $500 $1,000 $1,500 $2,000 Third Quarter YTD of 202120192018 20222020 $640 $765 $1,512 $932$805 62% 2021 vs 2022
What’s For Sale? CONDO / TOWNHOME Condo / Townhome Active Pending Asking Price Range Median Asking Price Studio - 1 Bedroom 2 - 3 Bedrooms 4 - 5 Bedrooms 9 27 9 0 67 5 $469,900 - $1,950,000 $1,050,000 - $7,995,000 $3,975,000 - $9,895,000 $899,000 $2,400,000 $8,450,000 Snowmass Base Village Penthouse Snowmass Village, Colorado 3 BEDS | 3 BATHS | 2,185 SF
$19,125,000 Five Trees $48,000,000 Starwood $15,300,000 Main Street 2022 YTD Top Sales #1 #2 #5 #3 #4 $25,500,000 Maroon Court $13,000,000 Pines at Owl Creek

y Collection

5 BD | 6 BA | 4,248 SF | ASPEN CORE 901 UTE AVE., ASPEN 6 BD | 6 BA | 4,995 SF | 102+ ACRE RANCH 660 BRUSH CREEK ROAD, SNOWMASS VILLAGE 5 BD | 5 BA | 3 CAR GARAGE 804 HUNTER CREEK ROAD, ASPEN $29,000,000 Brush Creek Ranch $34,000,000 2.5 Blocks to Aspen Mountain $22,000,000 Red Mountain Ranch Our Propert
6 BD | 9 BA | 10,198 SF | 6 AC 100 WOODY CREEK LN., WOODY CREEK $18,950,000 LUXURIOUS LIVING Secluded Riverfront Estate $16,500,000 NEW CONSTRUCTION 5 BD | 8 BA | 5,066 SF 30 MAROON COURT, ASPEN 660 Majestic Maroon Court $8,300,000 LUXURIOUS RETREAT 2 BD | 1 BA | 999 SF + 71 ACRES 4300 MIDNIGHT MINE RD., ASPEN Mountains of Opportunity $13,995,000 ASPEN RETREAT 4 BD | 6 BA | 3,759 SF 604 N EIGHTH STREET, ASPEN Aspen’s Coveted West End 3 BD | 3 BA | 2,005 SF 45 WOOD ROAD 602, SMV $7,995,000 DIRECT SKI ACCESS One Snowmass Penthouse $10,300,000 COMPLETED IN 2018 4 BD | 6 BA | 3,054 SF 520 SPRUCE ST, ASPEN Modern Aspen Living 5 BED | 5 BATHS | 3,515 SF 735 CASTLE CREEK DRIVE 1, ASPEN $9,950,000 MODERN INTERIOR Contemporary Aspen Home 6 BEDS | 6 BATHS | 10,708 SF | 3+ AC 515 JOHNSON DRIVE, ASPEN $9,900,000 ULTIMATE ASPEN LOCATION Starwood in Aspen
$6,800,000 BUILD A DREAM HOME 4.2 ACRE LOT NEXT TO BUTTERMILK 240 BUTTERMILK LANE, ASPEN 660 Buttermilk Homesite $6,250,000 ASSAY HILL LODGE 3 BD | 3 BA | 2,185 SF 130 WOOD ROAD #601, SMV 660 Rare Snowmass Village Penthouse 2 BD | 2 BA | 1,022 SF 725 E DURANT AVENUE 18, ASPEN $4,500,000 STEPS TO GONDOLA Chateau Dumont Refresh $3,420,000 RARELY AVAILABLE 2 BD | 2 BA | 845 SF 718 S MILL STREET 11, ASPEN Fasching Haus Aspen Core $6,000,000 ON 3 ACRES 5 BD | 5 BA | 5,064 SF 1461 SNOWMASS CK RD, SNOWMASS Snowmass Creek Ranch $5,950,000 COMPLETELY REMODELED 3 BD | 4 BA | 1,992 SF 100 N EIGHTH STREET #15, ASPEN Contemporary Aspen 2 BD | 2 BA | 950 SF 600 E MAIN STREET 304, ASPEN $2,900,000 ASPEN CORE Concept 600 $3,250,000 PERFECTLY REMODELED 2 BD | 2 BA | 875 SF 901 E HYMAN AVENUE #9, ASPEN 60 Chateau Blanc Aspen Core
$2,395,500 THE FIX - FOR SALE 1,226 SF | OBERMEYER PLACE 501 RIO GRANDE PL. #105, ASPEN 60 Downtown Aspen Office Space 5 BD | 4 BA | 3,808 SF 682 HOLLAND HILLS RD, BASALT $2,850,000 - MINUTES TO THE RFC Spacious Holland Hills Home $2,800,000 READY SPRING 2023 4 BD | 5 BA | 3,317 SF 400 OVERLOOK RIDGE, BASALT Shadowrock Luxury $2,200,000 DELIVERY OCTOBER, 2022 3 BD | 4 BA | 2,856 SF 244 OVERLOOK RIDGE, BASALT Shadowrock Mountain Contemporary $2,450,000 CHARMING VICTORIAN 5 BD | 4 BA | 2,462 SF 140 E HOMESTEAD DRIVE, BASALT Heart of Old Town Basalt 5 BD | 6 BA | 5,719 SF 1230 GREEN MEADOW DR., CARBONDALE $2,600,000 MOUNT SOPRIS VIEWS Missouri Heights Estate 3 BD | 3 BA | 2,289 SF | 2+ AC 120 TURTLE COVE, ASPEN $2,295,000 BRUSH CREEK VILLAGE Great Family Sanctuary $1,550,000 GREAT FAMILY HOME 4 BD | 3 BA | 2,544 SF 36 NATHAN LANE, BASALT 60 Holland Hills at Basalt
$2,850,000 READY SPRING 2023 4 BD | 5 BA | 3,317 SF 450 OVERLOOK RIDGE, BASALT Shadowrock Luxury $2,000,000 DELIVERY OCTOBER, 2022 3 BD | 4 BA | 2,856 SF 240 OVERLOOK RIDGE, BASALT Shadowrock Mountain Contemporary 520 E Durant Ave Suite 205, Aspen • 970.544.5800 Properties@ChristiesAspenRE.com • ChristiesAspenRE.com LIFESTYLE. LUXURY. LEGACY. 2 BED | 1.5 BATH | 1,764 SF 681 F S 2ND STREET, CARBONDALE $729,900 VALUE & LOCATION Sopris Park Convenience 4 BEDS | 2F, 1H BATHS | 1,880 SF 907 VILLAGE ROAD, CARBONDALE $735,000 BRIGHT CORNER UNIT Walk to Downtown $16,500,000 ALPINIST VENTURES 5 BD | 7 BA | 5,140 SF 96 MCSKIMMING ROAD, ASPEN Aspen Grove Pending Pending Pending $3,850,000 NEW CONSTRUCTION 4 BD | 4 BA | 4,000 SF 0103 COUNTY ROAD, CARBONDALE Private Callicotte Ranch Pending

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