Hello again, neighbors! As we move into the summer of 2024, it's time for an update on the real estate market in our beautiful towns. The market has been dynamic, and I've prepared a detailed overview to help you understand the current trends and what to expect in the coming months.
Relative to the Q1 market report, we are seeing inventory grow in every town except Snowmass Village and Basalt. While gross numbers in Aspen remain high due to significant sales, the number of transactions is down. The shift is occurring slowly from a Seller’s market to a Buyer’s market and this summer should unveil what we can expect for the next 18 months. Many off-market deals are still occurring. Average price per square foot has continued to increase in every town albeit at a slower rate than last year.
Please reach out if you would like a more detailed explanation/data of your specific market. I hope to see you this season in and around town. Enjoy your summer!
Market Report for Aspen
Single Family Homes
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- 86 Active Listings
- 5 Under Contract
- 32 Closed
- Average Price Per SF: $3,384
Condos
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- 85 Active Listings
- 7 Under Contract
- 91 Closed
- Average Price Per SF: $3,147
Aspen remains a high-value market with significant activity. While the number of transactions has decreased, the average price per square foot remains exceptionally high, reflecting the premium nature of this market.
Market Report for Snowmass Village
Single Family Homes
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- 15 Active Listings
- 3 Under Contract
- 16 Closed
- Average Price Per SF: $1,791
Condos
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- 41 Active Listings
- 20 Under Contract
- 64 Closed
- Average Price Per SF: $1,840
Snowmass Village continues to thrive with a high volume of condo transactions. Single-family homes also maintain strong pricing, making it a desirable market for buyers.
Market Report for Basalt
Single Family Homes
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- 38 Active Listings
- 6 Under Contract
- 17 Closed
- Average Price Per SF: $1,298
Condos
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- 30 Active Listings
- 10 Under Contract
- 23 Closed
- Average Price Per SF: $909
Basalt has seen a steady increase in single-family home listings with a healthy number of closings. The condo market remains strong with competitive pricing per square foot.
Market Report for Carbondale
Single Family Homes
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- 36 Active Listings
- 11 Under Contract
- 39 Closed
- Average Price Per SF: $706
Condos
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- 11 Active Listings
- 6 Under Contract
- 16 Closed
- Average Price Per SF: $666
Carbondale is seeing robust activity in both single-family homes and condos. With attractive price points per square foot, it's a great time for potential buyers to explore options in this area.
Market Report for Glenwood Springs
Single Family Homes
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- 36 Active Listings
- 17 Under Contract
- 47 Closed
- Average Price Per SF: $453
Condos
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- 10 Active Listings
- 9 Under Contract
- 31 Closed
- Average Price Per SF: $464
Glenwood Springs continues to offer affordability and value, particularly in the single-family home market. The condo market is also performing well, with a notable number of closings.
For a more personalized analysis of your specific market, don't hesitate to reach out. Whether you're looking to buy, sell, or just stay informed, I'm here to provide the insights you need. Have a fantastic summer and see you around town!
