S&W | Q2 2024 Aspen Market Insights

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ASPEN MARKET INSIGHTS

Q2 | 2024 in Review

Based on Sales Volume, 2021–2023*

$5+ BILLION Total Closed Sales to Date

$400+ MILLION 2024 Pending and Closed Sales

YEARS

MILLION

$108 MILLION

Highest Residential Sale Price in Colorado to Date, 419 Willoughby Way Closed Off-Market in April 2024

Saslove & Warwick was founded by Joshua Saslove and Riley Warwick.

The Saslove & Warwick Team approaches Aspen’s real estate landscape with an auspicious blend of experience, deep community ties, and forward-thinking. The team possesses a plethora of knowledge regarding real estate in all areas of the Roaring Fork Valley, while also specializing in Red Mountain, Central Core, West Aspen, and East Aspen, specifically.

Together, the team has over 60 years of experience and $5+ Billion in Closed Sales.

1025 North Starwood Drive, Aspen | $55,000,000

7 BR, 10 BA, 3 HALF BA | Approx. 14,395sf | Approx. 66.58 Acres

$108,000,000 | Record-Breaking Sale Represented Buyer and Seller

$26,000,000 Represented Seller

$48,750,000 Represented Buyer

$24,500,000 Represented Seller

275 Sunnyside Lane

$33,500,000 Represented Seller

280 Lake Avenue

$18,000,000 Represented Buyer

1035 Cemetery Lane

$9,500,000 Represented Buyer

Q2 2024 Market Insights

ASPEN

CONUNDRUM HOUSE

Conundrum Creek Road, Aspen | $32,000,000 4 BR, 4 BA, 2 HALF BA | Approx. 7,357sf | Approx. 4 Acres

*Co-Listed with Chris

| Coldwell Banker

Souki
Mason Morse-Aspen

Kendall has been fabulous. She is always available to answer questions and is on top of the Aspen luxury real estate market. Could not be happier with [her] service and knowledge.

S&W BUYER

“Despite chatter saying inventory seems to be picking up and transactions seem to be slowing down, the data supports the opposite. Q2 of 2023 saw almost double the amount of new inventory than we saw in Q2 2024. Transaction volume is generally flat across the board; however, gross sales volume is up this year versus Q2 2023.”

TOTAL Q2 TRANSACTION QUANTITIES

$731.902M+ $695.626M+ $477.030M+ $588.136M+

TOTAL Q2 TRANSACTION QUANTITIES

“The

ASPEN

TOTAL Q2 SALES VOLUME

TYPE YEAR OVER YEAR

An Aspen mansion closed for $108 million... making the sale of 419 Willoughby Way the highest priced residential sale ever in Aspen and the state of Colorado...

‘The quality of life in Aspen is exceptional. It’s not just the house that sold for a lot of money. The real estate prices aren’t high here just because of the really nice houses,’ said Riley Warwick of Saslove & Warwick. ‘It’s because of the community, and it’s because the city of Aspen is a really special place.’

AS SEEN IN THE WALL STREET JOURNAL

| $108,000,000

Residential Sale Price in Colorado to Date. Sold off-market, Buyer and Seller Representation.

Q2

2024 Market Insights

SNOWMASS VILLAGE

SNOWMASS VILLAGE

“The most notable data point in the Snowmass Q2-24 report is the drop in transaction quantity by half. At first you might be surprised, however, if you remove the ‘new development’ inventory from last year’s number, you will see that transaction quantity this quarter is up by 9 transactions vs. the same quarter last year.”

VILLAGE

SNOWMASS VILLAGE

TOTAL Q2 SALES VOLUME

TYPE YEAR OVER YEAR

“Overall, the Snowmass Village market has remained very strong. Given the price discrepancy in Snowmass Village vs. Aspen, we expect prices to continue to appreciate in Snowmass Village for the foreseeable future.”

RILEY WAR WICK S&W BROKER ASSOCIATE
*Digital Rendering of Remodel Potential

Q2

2024 Market Insights

OLD SNOWMASS

OLD SNOWMASS

Q2 2024

Q2 2023

Q2 2022 Q2 2021 TOTAL Q2 SALES VOLUME YEAR OVER YEAR

$28.25M+ $20.55M+ $50.10M+ $2.38M+

OLD SNOWMASS

OLD SNOWMASS

TOTAL

Q2 SALES VOLUME BY TYPE YEAR OVER YEAR

$30M

$25M

$20M

$15M

$10M

$5M

$0

I cannot recommend Kendall and Riley enough. My experience with Saslove & Warwick was incredibly professional and enjoyable! They are a five-star team.

S&W BUYER

STUNNINGLY REMODELED IN ASPEN CORE

800 South Monarch Street, 9 | $9,950,000 3 BR, 3 BA | Approx. 1,550sf

We feel so fortunate to do what we love in our favorite place on earth, Aspen. It’s about more than homes to us— the Roaring Fork Valley offers an unparalleled lifestyle that we deeply cherish sharing with others every day. This genuine passion, along with our unwavering dedication to our clients and extensive market knowledge, have been the foundation of our success for over 60 years.

Please contact us to learn more.

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