Dear Friends,
Hello 2021! I am happy to report that we just received over 2 feet of snow in the past 3 days, ski conditions are incredible. Like Aspen's silver rush in 1878 when people came from all over the country to seek a piece of the action in the mining boom, today we are seeing the same explosion in our real estate market. City dwellers continue to migrate out of metro areas, people are working remotely and others are just looking for a little safer haven. Activity continues with an upsurge in under contract properties resulting in a declining inventory across the board. The number of single family homes for sale in Aspen decreased 33% and 53% in Snowmass as of December 31, 2019 vs. December 31, 2020. Aspen vacant land offerings were down 47% and 50% in Snowmass. Even more notable, Aspen saw a 300% increase in homes that went under contract while Snowmass saw a 700% increase during this same time period. All of this and more can be found in our Sotheby's Year End Market Report below.
Buyers are looking and want in on a very limited supply. If you are thinking about selling your property, this might be one of the most opportunistic times for sellers that I've seen in my 20+ years in the Roaring Fork Valley real estate market. However, there are also pockets of opportunity for Buyers, but Buyers must be prepared and act swiftly if it's really something they desire. If you think now might be the time for you to sell or buy I would be happy to discuss and here to help with any of your real estate needs.
Best,
Laurie
Year End Market Report & Market Share
Just Sold
837 West Smuggler St., Aspen
4 Beds | 5.5 Baths | 3,851 Sq. Ft. | $7,625,000
Represented the Buyer
Currently Listed
220 Buttermilk Lane, Aspen
7 bedrooms | 10 bathrooms | 17,762 sq. ft.
$29,995,000
Featured Listings
Aspen
3340, 4100 & 4150 Midnight Mine Rd.
7 Beds | 8 Baths | 4,885,5 Sq. Ft.
$18,500,000
293 Heather Lane
5 Beds | 6 Baths | 5,797 Sq. Ft.
$14,995,000
Snowmass Village
411 Wood Rd. #9
4 Beds | 5 Baths | 3,359 Sq. Ft.
$7,500,000
400 Wood Rd. #2106
2 Beds | 2 Baths | 1,008 Sq. Ft.
$479,000
Basalt
1430 Hooks Spur Rd.
7 Beds | 8 Baths | 7,860 Sq. Ft.
$12,500,000
465 Holland Hills Rd.
4 Beds | 5 Baths | 7,209 Sq. Ft.
$4,600,000
Carbondale
3910 Crystal Bridge Dr.
4 Beds | 4 Baths | 4,865 Sq. Ft.
$1,890,000
417 Sopris Ave.
5 Beds | 7 Baths | 4,821 Sq. Ft.
$1,850,000
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