ASPEN INSIDER

June 2026

Flying Dog Ranch West, a 229-acre working cattle ranch near Carbondale, Colorado, offers a rare combination of agricultural heritage and mountain luxury. Located just minutes from downtown Carbondale and 30 miles from Aspen, the property features 180 acres of irrigated farmland, a quarter-mile of Crystal River frontage, and coveted senior water rights dating to the 1880s. The ranch includes three homes (ranging from a historic 19th-century cabin to a four-bedroom main residence), an event barn, artist's studio with forge, and greenhouse. With approvals already in place for additional construction and its proximity to Mount Sopris in the scenic Roaring Fork Valley, this property represents both a working ranch and family compound opportunity in one of Colorado's most desirable regions.

Co-listed with Gabe Molnar (Douglas Elliman), Michael Shook and Joe Risi (both of Home Waters Real Estate Group)

Experience unparalleled luxury at this extraordinary legacy ranch in Old Snowmass, set on 151 acres of pristine alpine wilderness. This private retreat offers exceptional craftsmanship and seclusion, bordering protected public land. The fully furnished 6,917-square-foot main residence features a stunning two-sided stone fireplace, a chef's kitchen, formal dining, and a luxurious primary suite, along with four en-suite bedrooms and a private office with breathtaking views. Complementing the home is a 5,200-square-foot barn with horse stalls and ample storage, plus a charming pond-side warming cabin for winter escapes. The property is designed for year-round enjoyment, with trails for hiking and riding in summer and ice skating in winter. Abundant water sources, including East Sopris Creek, ensure self-sufficiency with solar power and propane backup. Conveniently located near world-class amenities, this ranch embodies the ultimate Rocky Mountain lifestyle, ready for generations to enjoy.

Co-listed with Jamay Shook (Douglas Elliman)

Set along one of the Roaring Fork Valley’s most scenic drives near Basalt, this extraordinary Sopris Mountain Ranch property offers approximately 84 private acres within an exclusive 2,000‑acre equestrian enclave framed by the Mount Sopris wilderness. Rich in character, the property includes two cabins and classic ranch buildings across two parcels. Parcel A, the "Legacy Homestead" (45.29 acres), features a Pitkin County–approved activity envelope and site plan, a handcrafted cabin, a barn with guest quarters, a summer cottage, and an equipment shed. Parcel B, the "Visionary Retreat" (39 acres), provides space for a family compound, additional residences, or equestrian facilities with commanding mountain views and access to public lands. About 40 minutes from Aspen Airport and near Carbondale and Basalt, the ranch offers trails, equestrian and polo facilities, fishing, golf, and a 4‑bed community rental. Enjoy this offering "as is" or continue to customize your Colorado paradise.

Tucked on a quiet cul‑de‑sac backing to the golf course, this single‑level 3‑bed/2‑bath home received major updates this year. Interior upgrades include fresh paint, designer lighting, new blinds, high‑end carpet, smooth ceilings, a custom kitchen with premium countertops and appliances, and remodeled bathrooms. A wood‑burning fireplace and dedicated laundry room add convenience. Mechanical improvements: new central A/C with an energy‑efficient air‑source heat pump, backup electric heat with new thermostats, upgraded electrical, internet cabling, vapor barrier, and radon mitigation. Exterior features include a 2020 roof with heat tape, Andersen wood‑interior windows, Trex front decking, new siding and painted trim, irrigation, and a large storage shed. An extra‑deep heated garage with two walk doors offers expansion potential. Community access to golf, equestrian trails, and fly fishing completes the package.

957 BUCKINGHAM DR
Carbondale

3 Beds | 2 Baths
1,274 SF
Built 1983

Sold Price Per/SF: $969

Sales Price: $980,000

Days on Market: 28

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Represented Buyer

2 SPORTS GARDEN CT A
Roaring Fork Club

1/6 Fractional Ownership
1 Bed | 2 Baths
695 SF
Built 2002

Sold Price Per/SF: $1,022

Sales Price: $710,000

Days on Market: 87

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Represented Seller

103 W BLEEKER ST
Aspen – West End

New Construction
5 Beds | 7 Baths
4,850 SF
Built 2025

Sold Price Per/SF: $5,155

Sales Price: $25,000,000

Days on Market: 1,404

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220 W MAIN ST 210 B6 & P1
Aspen – West End
2 Beds | 1 Bath
678 SF
Built 1964
Remodeled 2021
1 Deeded Off-Street Parking Spot

Sold Price Per/SF: $3,097

Sales Price: $2,100,000

Days on Market: 294

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These two recent sales above are from the Aspen Glenwood MLS, not my listing or buyer.

ASPEN

Single Family Homes

Aspen's single-family home market is in a measured pullback from recent highs. New listings fell by more than 47% in May (year-over-year) and are down almost 40% year-to-date. Sold listings were down more than 33% in May and nearly 42% year-to-date. The year-to-date median sales price has moved from $14,690,000 to $10,625,000 — a decline of nearly 28%. Properties are taking longer to sell: days on market have increased roughly 71%, from 153 to 261 days. With volume down due to drought conditions and macro headwinds, buyers now enjoy increased negotiating power.

Townhomes & Condos

The townhome and condo market is showing signs of disciplined stability amid broader market cooling. New condo listings plunged more than 69% in May 2026 versus May 2025 and are down 21% year‑to‑date. While sold listings rose about 20% in May compared to the prior May, they remain down nearly 19% year‑to‑date. The segment posted a sharp month-over-month rebound in median price (up almost 103% from the previous year), and year‑to‑date median price is modestly higher — up about 3%, from $3,300,000 to $3,400,000. Days on market are essentially unchanged, inching from 178 to 180 days. Inventory has tightened, and pricing has proven more resilient than the single‑family sector. Overall, the market is taking a gentler step back from peak values..

BASALT

Single Family Homes:

May activity showed mixed signals: new listings in May 2026 were down more than 11% versus last May, though year‑to‑date new listings are up roughly 40%. Year‑to‑date sold listings have risen sharply — up more than 83% — while the median sales price spiked nearly 46% in May year‑over‑year but sits down about 8% year‑to‑date (from $2,680,000 to $2,479,500). Homes are moving faster: days on market have fallen more than 43%, from 267 to 151 days. Price momentum continues to trend downward; it is currently a buyer’s market even as transactions accelerate.

The mid‑valley’s enduring appeal—proximity to mountain amenities, strong local buyer demand and a shallow pool of inventory—underpins long‑term value even amid near‑term softness. Faster sales and a significant rise in YTD closed volume signal that motivated buyers are active.

Townhomes & Condos:

May metrics show a market in transition. New townhome and condo listings were up almost 38% versus May 2025, and year‑to‑date new listings are up more than 12% — partly because The Midland Residences, slated for completion this summer, will add a mix of studio, one‑ and two‑bedroom units to Basalt Center Circle’s mixed‑use development in downtown Basalt. Sales softened sharply in May: sold listings fell roughly 70% year‑over‑year and are down about 42% year‑to‑date. Pricing moved lower — the May median price dropped nearly 64% year‑over‑year and is down more than 39% YTD, from $1,810,000 to $1,099,500. Turnover has accelerated: days on market plunged (May DOM down more than 76% versus May 2025; YTD DOM fell from 288 to 135 days). Inventory has risen recently while prices have remained largely stable since January, giving buyers a modest advantage.

Helping the order achieve that outcome was a privilege and a career highlight. Read the full article to learn how this historic transaction came together and its lasting impact.

If you’re exploring investments beyond Aspen, I can connect you with vetted national and international specialists with strong track records. Elliman's International portfolio — now including Monaco — showcases iconic villas, exceptional beachfront residences, and premier properties in the world’s most coveted luxury markets.

Please reach out for personalized real estate guidance. I love introducing clients, friends, and family to the Roaring Fork Valley’s hidden gems and helping turn lifestyle dreams into reality. Thank you for your continued trust!

630 E HYMAN AVE, STE 101, ASPEN, CO 81611. 970.925.8810. © 2025 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.