ASPEN INSIDER

May 2025

Located in the pristine Capitol Creek Valley just 30 minutes outside Aspen, St. Benedict's Monastery represents the largest holding in the immediate Snowmass/Aspen area. The property sits in a picturesque ranching valley surrounded by the lofty peaks of the Elk Mountain Range. Known for its peace and privacy, Trappist monks have lived and managed this idyllic ranch for over 68 years. Wildlife and cattle have co-existed for years, and the ranch and adjoining protected lands have retained the same natural habitat and rural characteristics today as they did when the monks first arrived. Three creeks meander through the ranch for more than five miles and irrigated meadows hold historic water rights. This is an excellent opportunity for conservation and hunting, as the property sits in Colorado Game Management Unit 43. This exquisite and tranquil land is the perfect backdrop for hiking, horseback riding, snowshoeing, snowmobiling, and more.

Discover ultimate luxury in this newly built home in Aspen's West End neighborhood. Beautiful, contemporary design elements with bright living spaces, floor to ceiling windows with 18-foot ceilings in the great room, 2-car garage, and an elevator to all 3 levels provide extreme convenience. This 4-bedroom residence features 4 baths with 2 half baths, plus an office/bedroom and convenient workout room. In the spacious living areas and bedrooms, residents will enjoy vaulted ceilings and large picture windows on all exterior walls for year-round views and sunshine. The primary suite includes views of Aspen Mountain, a steam shower, spacious closets and dressing room. Additionally, enjoy outdoor living from the homes 3 terraces one with gas fire pit, gas grill, attached interior bar and lounge area Also, enjoy the large side yard with native grasses and wild flowers along the trickling sounds of the Salvation ditch. The lower/Media level boasts a large living area with 10-foot ceilings, bar, and glass wine room perfect for entertaining.

Bring your toys and horses to this 44 acre, one-of-a-kind playground. Access thru the only exclusive gated area of Missouri Heights (Spring Park Meadows) but without the constraints of an HOA. Enjoy 360 degree views of the entire Elk Mountain range, ski resorts from Aspen to Sunlight, Basalt and Red Table Mountains, and Cottonwood Pass. Ten minutes from supermarkets, restaurants, schools, and public amenities. Hundreds of miles of trails for mountain biking, dirt biking, and horse riding out the front gate. Can this property be replicated anywhere else?

Immaculate home tucked in the back corner of the Southside neighborhood, across the street from Wildwood Park. Built in 2003, this is one of the largest homes in Southside including a heated 3 car garage on a generous 14,000 sq ft lot (approx). This is a traditional mountain style home designed by Lindal Cedar Homes with great natural light and airy spaces. Very private and the best location for accessing all of the recreational and social amenities that the Aspen and Roaring Fork Valley has to offer. This home has everything you need for the Colorado lifestyle.

Recent sale from the Aspen Glenwood MLS, not my listing or buyer.

Represented Buyer

Transaction Broker

ASPEN

The Aspen real estate market shows diverging trends between single family homes and the townhome/condo segment, with both segments signaling tightening conditions.

Single Family Homes:

The median list price remains high at $19,900,000, and the Market Action Index (MAI) reflects a Buyer’s Market. However, inventory has dropped to 85 homes and sales have outpaced new listings for several weeks—signs of a market gradually shifting toward balance. Year to date, new listings are up 25%, sold listings have risen nearly 12%, and the median sales price has climbed more than 30% to $15,450,000. Days on market has decreased 28% to 174 days. March was especially strong, driven by several high-end sales and structural factors: limited inventory, restrictive land use codes, high construction costs, and long build timelines are all pushing prices upward—particularly in top-tier locations. While price gains may pause short term, Aspen’s long-term fundamentals remain solid, and the upcoming summer season will be an important indicator of continued demand.

Townhomes & Condos:

The townhome and condo market is currently more active, with the MAI indicating a Seller’s Market. Inventory has declined to just 42 units, and sales continue to outstrip supply. Although the median list price has held steady at $4,342,500 in recent weeks, upward pressure may build if current trends persist. Year to date, new listings have dropped sharply—down nearly 45%—while sold listings are down about 12%. Despite this, the median sales price has risen over 4% to $3,375,000. However, buyers are taking longer to commit, with days on market increasing 54% to 205 days through March 2025.

Overall, Aspen’s market is defined by low inventory, steady or rising prices, and a growing sense of urgency among buyers—particularly in the condo segment. While uncertainty remains, Aspen continues to be viewed by many as a long-term safe investment.

BASALT

Basalt remains a Buyer’s Market across both single family homes and condos, though signs of shifting dynamics are emerging.

Single Family Homes:

Inventory is stable at 21 homes, and while prices have trended upward recently, they remain fragile. Year to date, new listings are down 11%, sales have dropped over 33%, and the median sales price is down nearly 20% to $3,142,500. Homes are taking longer to sell, averaging 168 days on market.

Townhomes & Condos:

The median list price is $1,739,340 and the MAI has risen, though demand remains soft. Inventory has declined to 39 units, and prices continue a downward trend despite year-to-date strength. New listings are up 113%, sales up nearly 30%, and the median sales price has jumped 57% to $1,695,000. Days on market has increased slightly to 151.

In short, single family prices are stabilizing but vulnerable, while the condo market shows strong year-over-year gains amid short-term softness.

LA MARE RESIDENCES

Bay Harbor Islands, FL

La Maré Residences features two boutique buildings with stacked luxury villas offering waterfront views, spacious living areas, terraces, a rooftop pool, and family room. Just steps from the bay with access to kayaking and private boat slips, this Bay Harbor Islands development combines modern design with lush landscaping for an exclusive living experience.

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THE RITZ-CARLTON RESIDENCES

West Palm Beach, FL

The Residences offers 138 luxury homes with water views and legendary service. Located on Flagler Drive, minutes from acclaimed arts and cultural institutes. Features include impeccable interiors, abundant natural light, 24-hour concierge, valet service, and exceptional amenities.

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FOUR SEASONS PRIVATE RESIDENCES

Las Vegas, NV

Just 20 minutes from The Strip with panoramic valley views. Residents enjoy 90,000 square feet of amenities including three pools, fitness center, pickleball courts, theatre, wine cellar, guest suites, valet, concierge services, and private enclosed garages, all with Four Seasons' legendary management and security.

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WALDORF ASTORIA RESIDENCES

New York, NY

The Residences offers 138 luxury homes with water views and legendary service. Located on Flagler Drive, minutes from acclaimed arts and cultural institutes. Features include impeccable interiors, abundant natural light, 24-hour concierge, valet service, and exceptional amenities.

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SPRING 2025

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