Aspen CONDO / TOWNHOMES

Townhome and condominium prices in Aspen were relatively unchanged in the first half of 2023 compared to the same period of 2022. The median price declined by just 1% to $2.9 million while the average price was down a slight 2% to just over $4.5 million.

The number of properties sold declined by almost half, with just 37 closed sales so far this year, compared to 66 through June of 2022. Dollar volume declined by nearly half as well, to $168 million although the average price per square foot was almost unchanged at $2,855 per square foot.

Condominium and townhome inventories rose, with 40 units on the market, up from 26 at this point last year.

In the Aspen condo/townhome market, the most expensive unit sold in 23H1 was $22 million, more than the $20 million of 22H1.

Days on market for condominiums and townhomes during the first half of 2023 were 134 days compared to 88 days for 2022. The percentage of sold price to original list price dropped from 98% last year to 94% this year.

Average Sold Price Median Sold Price

2% 2022 vs 2023

1% 2022 vs 2023

45% 2022 vs 2023

Vs

CONDOS / TOWNHOMES

% Sold Price to Original List Price