Our teamof market expertsupdatesThe Slifer Report biannually.Seethelatest numbersfromtheRoaringFork Valleyand acrossColorado to diveevendeeper into thereport,scanthecodeor visit: AspenRealEstate.com/MarketReports
SOURCE Soldresidential andlandpropertieswithinthe RoaringForkValley,countingbothlistingand buysidesfromJanuary1- December 31of eachyear. Sourceof all datainthisreport isthe AspenandGlenwoodSpringsMultipleListing Services Informationisdeemedreliablebut not guaranteed.Consult your Slifer Smith&Frampton broker for moreinformation
Slifer Smith & Frampton
A LETTER FROM OUR PRESIDENT
In 2024, we navigated a challenging market shaped by significant industry changes, limited inventory, and elevated interest rates. Despite these obstacles, Slifer Smith & Frampton rose to the occasion, achieving growth in nearly every market and demonstrating the dedication, expertise, and resilience of our brokers, aswell astheir abilityto overcomechallengesfor our buyersand sellers.
In the Roaring Fork Valley, the average price per square foot was up 20%in 2024 over 2023 Overall sales transactions were down but sales prices and sales volume were both up and despite the increase in price per squarefoot,therewasno decreasein sold versuslist price Wedid,however,seelonger dayson market up and downtheRoaringFork Valley Aswelook toward 2025,inventorywill continueto stabilize,easingthe extremeshortagewehaveexperienced for several years,and pricing will continueto stabilizeaswell Now we are through the uncertainty of election season, people seem to be more inclined to buy Insurance will continueto beachallengeand havingtheright broker to help navigatethesewaterswill bemoreimportant thanever
Despite the widespread industry changes, the SSFRFVteam didn? t skip a beat and had a very successful 2024. We completed the sellout of two developments in SnowmassBase Village ? Aura& Cirque Viceroy ? with 71unitssold for atotal salesvolumeof $557,546,730.In early2025,wewill launch salesfor Stratos,the final ? and largest ? residential sales project and the crown jewel of the Snowmass Base Village redevelopment.Our teamalso assisted withprovidingmoreaffordablehousingintheRoaringFork Valleyby partnering with Habitat for Humanity on the L3 project in Glenwood Springs which will convert 88 studio andone-bedroomapartmentsinto deedrestricted condominiums.
2024 wasalso theyear welost Rod Slifer,oneof our esteemed co-founderswho wasthefirst realtor in the Vail Valley While we miss Rod dearly, we are proud to continue to carry on the legacy of integrity and service to our community in his honor SSF supported innumerable nonprofit organizations and events acrosstheRoaringFork Valleyin 2024 includingsponsoring Aspen GaySki Week Inaddition,SSFprovided a $30,000 matching contribution for this year?s Lucky Chances Luncheon, which celebrated its 10th anniversaryandraisedmorethan$90,000 to benefit fivelocal nonprofits
SSFexpanded itsfootprint in Colorado with the opening of anew office in downtown Steamboat Springs. In addition, our relationships with Luxury Portfolio International, Leading Real Estate Companies of the World and ForbesGlobal Propertiescontinued to allow our highly local teamsto still haveglobal reach and thus be a highly competitive option for buyers and sellers in Colorado?s luxuryreal estatemarket.
As we close out 2024, we reaffirm our commitment to being constant stewards of our Colorado communities and look forward to being an invaluablepartner to our buyersand sellersin2025.
KRISTA KLEES
Roaring Fork Valley Market President
MARKET OVERVIEW
SALES VOLUME COMPARISON
MARKET OVERVIEW
ACTIVE INVENTORY BY MONTH
COMMERCIAL OVERVIEW
SALES VOLUME COMPARISON
LAND OVERVIEW
TRANSACTION VOLUME COMPARISON
SALES VOLUME COMPARISON
ASPEN
Aspentranscendsthetraditional concept of amountain town,representingtheglobal standard for alpineluxury livingand cultural sophistication Thecommunityoffersa residential experiencethat seamlesslyintegratesworld-class skiing,artistic expression,and architectural excellence withinabreathtakingmountainlandscape
AVERAGE PRICE PER SQUARE FOOT SALE VS. LIST PRICE COMPARISON
OLD SNOWMASS
OldSnowmassdistinguishesitself theRoaringFork Valley's most authentic pastoral experience,offeringaresidential environment that celebratesranchingheritagewhile providingstunningmountainaccessibility Thisareaprovides agenuineconnectionto Colorado'srootswhilemaintaining strategic proximityto Aspenand SnowmassVillage
Theresidential landscapefeaturesexpansiveproperties, historic ranches,and carefullydesignedmountainhomes that respect thearea'srural character Propertieshererange fromworkingagricultural operationsto privatemountain retreats,eachpositionedto maximizedramatic viewsof Mount Soprisandthesurroundingwildernessareas The community'scommitment to landpreservationcreatesa livingenvironment that feelsbothtimelessand protected
For homeownersseekingamountainresidencethat connectsdeeplywithColorado'sranchingheritagewhile providingconvenient accessto world-classresort amenities, OldSnowmassoffersadistinctiveresidential opportunity Here,theseparationfromresort developmentsisn't measuredjust inmiles,but inatangibleconnectionto the valley'shistorical rootsand natural rhythms
For homeownersseekingamoreexpansiveapproachto mountainliving,Missouri Heightsdeliversaresidential experiencethat combinesdramatic views,privacy,and convenient accessto valleyamenities Thearea'selevation providesconsistent sunshineand clearer weather patterns thanthevalleyfloor,creatingauniquelivingenvironment that feelsbothconnected to and distinct fromthe surroundingmountaincommunities
OURNOTABLESALES
251TENPEAKSMESAROAD
Sold for $2,025,000
103PRINCEDRIVE
Sold for $1,475,000
CONDOMINIUM & TOWNHOME
AVERAGE PRICE PER SQUARE FOOT SALE VS.
$617 averagesold priceper squarefoot for single familyhomes,an7% decreaseover 2023 $64.6M total salesvolume, an3%decreaseover 2023 $2.4M averagesold pricefor singlefamilyhomes,an 2%increaseover 2023
VOLUME COMPARISON
CARBONDALE
Carbondaleembodiestheartistic and entrepreneurial spirit of theRoaringFork Valley,offeringavibrant residential experiencethat blendscreativeenergywithmountaintown authenticity Locatedintheshadowof Mount Sopris,this dynamic communityhasevolved fromitsranchingroots into ahubfor artists,outdoor enthusiasts,and those seekingagenuineColorado mountainlifestyle
Thetown'sresidential landscapeincludesdiverse neighborhoods,fromhistoric downtownhomesto newer developmentsalongtheCrystal River Housingoptionsrange fromaffordablecondominiumsto customhomes,creating aninclusiveenvironment that attractsamix of young professionals,families,and creativeentrepreneurs The revitalized downtowncorepulseswithgalleries,restaurants, andlocal businessesthat reflect aninnovativespirit
Beyonditscultural appeal,Carbondaleprovidesexceptional recreational access,withimmediateproximityto world-class mountainbiking,climbing,and hikingtrails For homeowners seekinganauthentic mountaintownexperienceenriched by creativeenergyand communityconnection,Carbondale deliversadistinctiveresidential environment that celebrates bothartistic expressionand outdoor adventure
Beyondpractical advantages,NewCastledeliversimmediate accessto outdoor recreation,withextensivetrail systems, fishingaccess,andproximityto larger recreational areas For homeownersseekingaffordablemountainlivingwith strongcommunityconnections,NewCastleoffersa practical residential environment that bridgesthegap betweenurbanconvenienceand mountaintowncharm
CONDOMINIUM & TOWNHOME
$112
total number of sales,an 11%increaseover 2023 $74.5M total salesvolume,an 25%increaseover 2023 $516K averagesold pricefor condos&townhomes,an 18%increaseover 2023
NEW DEVELOPMENT
Weareproud to betheonlybrokerageinColorado withafull divisiondedicated to bringingnewdevelopmentsto market.Our dedicatednewdevelopment teamhasbeeninstrumental inbringingseveral keyprojectsto market, leveragingdeeplocal knowledgeand long-standingrelationshipsto navigateanever-shiftingmarket Our recent development projectsfocusoncreatingmorediversehousingoptionsthat balanceenvironmental sensitivitywith contemporarylivingneeds Byprioritizingthoughtful design,communityintegration,and market responsiveness, thesedevelopmentsarenot just creatinghousing? they'reshapingthefutureof mountainlivingintheRoaring Fork ValleyandacrossColorado.
1 Incomparablenetwork, connected to the uniquepower of the Forbesbrand
Weareaproud foundingmember of ForbesGlobal Properties,anetwork of world-classindependent real estatebrokeragesrepresentingtheworld's finest propertiesand thestoriesbehindthem 2024 wasanother banner year for thenetwork asnewglobal memberswereadded buildingthenetwork,all to helprepresent our client'spropertiesinternationallylikenever before.
