As the leading real estate firm in the Roaring Fork Valley and beyond, we are pleased to present the ASpen Snowmass Sotheby’s International Realty 2023 Third Quarter Market Report.
It’s been nothing short of a spectacular autumn season in the Aspen area, and although the bountiful fall colors are starting to wane and give way to early winter snow, it’s clear that the local real estate market continues to hum along right through the “off-season”.
In this report, you’ll notice that real estate prices have continued to increase all over the Roaring Fork Valley in 2023. The total number of sales this year-to-date compared to last year has varied greatly depending on the price point, location, and property type. Overall listing inventory levels have continued to rise across the board, but they still remain well below historical levels prior to the great market reset that began in mid-2020.
Some of the recent changes in the market point to a potential softening (i.e. increasing inventory, slightly larger discounts on average and some areas of weakening sales activity) while other trends indicate that the desirability of the Roaring Fork Valley continues to outrun any potential slowdown (i.e. increasing prices, relatively strong off-season activity, and relatively low days on market).