S&W | Q4 2024 Market Report

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ASPEN MARKET INSIGHTS

Q4 | 2024 in Review

Based on Sales Volume, 2019–2024

$5+ BILLION Total Closed Sales to Date

$746+ MILLION 2024 Closed Sales

$29.9 MILLION 2024 Average Sale Price 60+ YEARS Experience in Aspen Real Estate

$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.

PREMIER SKI-IN/OUT ESTATE AT ASPEN HIGHLANDS

350 Thunderbowl Lane, Aspen | $32,000,000

7 BR, 6 BA, 1 HALF BA | Approx. 9,000sf

835 Chatfield Road, Aspen | $34,500,000

5 BR, 6 BA, 1 HALF BA | 3-Car Garage | Approx. 6,967sf

$108,000,000

$26,000,000 Represented

$13,400,000 Represented Buyer

81 North Willow Court

$12,500,000 Represented Buyer

850 Roaring Fork Road

$34,750,000 Represented Buyer

800 South Monarch Street, 9

$9,250,000 | Record-Breaking Sale Represented Seller

STAR MOUNTAIN RANCH

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

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

My experience with Saslove & Warwick was incredibly professional and enjoyable! They are a five-star team.

S&W BUYER

Q4 2024 Market Insights

ASPEN

*Digital Rendering of Remodel Potential

“Surprisingly, five of the top ten sales in the fourth quarter were for vacant land or ‘tear down’ properties. This is counter to the recent conversation about buyers being averse to building in Aspen. This further proves that people are willing to invest the time, energy and money in order to get exactly what they want. We also believe that this further supports the idea that there aren’t enough great ‘turnkey’ properties available.”

TOTAL Q4 TRANSACTION QUANTITIES

$929.24M+ $517.86M+ $447.35M+ $426.22M+

“Continuing the vacant land or ‘tear down’ theme from page 16 of this report, there were 6 sales over $20M in the fourth quarter of 2024. Of the six sales, three were for vacant land or ‘tear down’ properties. Demand for premier building sites continues to be a leading theme in this market that’s starved for exciting, new, turnkey product.”

TOTAL Q4 TRANSACTION QUANTITIES

ASPEN

TOTAL Q4 SALES VOLUME

TYPE YEAR OVER YEAR

SLOPESIDE ESTATE

370 Exhibition Lane, Aspen | $39,500,000 6BR, 8 BA, 2 HALF BA | Approx. 9,036sf

READY TO BUILD IN WEST ASPEN

TBD Pfister Drive, Aspen | $5,250,000 Land | Approx. 0.59 Acres

*Approx. Property Outline

Q4

2024 Market Insights

SNOWMASS VILLAGE

SNOWMASS VILLAGE

$211.37M+ $89.78M+ $113.37M+ $540.76M+

“The dollar volume in Snowmass Village skyrocketed in Q4 2024 compared to Q4 2023. The single family home market stayed steady, while the volume increase is largely due to Base Village’s AURA reaching completion and closing transactions this quarter. The next and final development in Snowmass Base Village is the Stratos Collection for which we anticipate contracts starting Q1 2025.”

VILLAGE

SNOWMASS VILLAGE

TOTAL Q4 SALES VOLUME BY TYPE YEAR OVER YEAR

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 Souki | Coldwell Banker Mason

Morse-Aspen

Q4

2024 Market Insights

OLD SNOWMASS

COMMERCIAL LISTING AT THE BENEDICT BUILDING

1280 Ute Avenue, Aspen | $6,500,000

7 Office Spaces, 2 Storage Units | Approx. 3,043sf

Kendall is an exceptional Realtor whom we highly recommend... After a few years of renting, Kendall’s expertise and personalized approach helped us find and purchase our home. Her intimate knowledge of the Aspen real estate market, combined with a deep understanding of her clients’ specific needs and desires, sets her apart. Kendall listened attentively to what we were looking for and showed incredible patience throughout our search. Her professionalism, local insights, and dedication to ensuring client satisfaction made the home-buying process smooth and enjoyable. If you’re seeking a Realtor who is well-connected to the community but also truly cares about matching you with the perfect property, Kendall Dalton is a great fit.

RENTER TURNED BUYER

OLD SNOWMASS

OLD SNOWMASS

“The average days on market in Old Snowmass for Q4 was 135 days, compared to 353 days in Q4 2023. We attribute this reduction to less aspirational pricing from sellers, greater inventory, and a more approachable price point for many buyers.”

HANNAH SURNOW

OLD SNOWMASS

TOTAL

TYPE YEAR OVER YEAR

*Co-Listed with Becky Dombrowski | Aspen Snowmass Sotheby’s International Realty

SUN-DRENCHED LEGACY PROPERTY

TBD Conundrum Creek Road, Aspen | $19,950,000

Approx. 23.56 Acres

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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