ASPEN INSIDER

July 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.

Co-listed with Kenneth Mirr and the Mirr Ranch Group.

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 5-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.

Co-listed with Danny Becker, Douglas Elliman.

Situated on almost 24 pristine acres in the picturesque Emma agricultural valley, Triple M Ranch represents the pinnacle of Colorado mountain living. This gated estate showcases breathtaking views of Mt. Sopris and sweeping vistas toward Missouri Heights, all while maintaining complete privacy and tranquility behind its own private bridge entrance. The property's crown jewel—a stunning 5,000-square-foot Scandinavian-inspired main residence—is currently under construction with completion scheduled for December 2025, offering buyers the rare opportunity to customize their dream home to perfection. This exceptional ranch also includes an equestrian/recreation facility and a 1 bedroom CDU.

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 sales from the Aspen Glenwood MLS; not my listing or buyer.

ASPEN

Single Family Homes:

The Aspen single family home market demonstrates a clear shift toward buyer-favorable conditions, with significantly increased inventory and extended selling times despite recent price stability. New listings surged 26% compared to June 2024, while the supply now represents 17.6 months of inventory—a 15% increase from the previous year. Although sales activity showed strong growth with 9 sold listings representing a 200% increase from June 2024, contract activity has been more measured, with buyers exercising heightened selectivity in their purchasing decisions. Properties are taking considerably longer to sell, with the average days on market extending to 126 days—a 45% increase from the previous June. This combination of rising inventory, longer selling periods, and pricing pressure confirms that buyers now hold significant negotiating power.

Townhomes & Condos:

The Aspen townhouse and condo market shows significantly different trends compared to the single family market, revealing two distinct market dynamics within the same luxury real estate environment. While new listings increased 15% over June 2024, contributing to higher inventory levels in recent months, this represents an 18% decline from the previous year-to-date period. Sales activity in June showed resilience with 5 sold listings marking a 68% increase from June 2024, despite being down 19% for the year-to-date comparison. The median sales price of $3.675 million demonstrated strong growth, rising 29% from the previous June and maintaining an 8% increase over the prior year-to-date period, indicating continued price strength in this segment. However, properties are taking longer to sell, with days on market extending to 176 days—a 27% increase from June 2024 and 19% higher than the previous year-to-date average. While inventory growth has created a slight buyer's advantage in negotiations, the market remains relatively stable with sustained price appreciation, suggesting more balanced conditions compared to the more pronounced buyer's market seen in single family homes.

BASALT

Single Family Homes:

June 2025 showed limited sales activity, with only one home sold during the month creating some statistical distortions. While new listings remained flat at 12 properties compared to June 2024, inventory has grown 21%, contributing to extended market conditions where properties now average 262 days to sell, a dramatic 87% increase from the previous year. June's reported median sales price of $1.25 million reflects a 68% year-over-year decline, but this figure is heavily skewed by the single transaction and does not accurately represent true market valuations. Despite the buyer's market conditions indicated by increased inventory and extended selling times, recent weeks have shown sales activity outpacing new listings, suggesting emerging demand momentum that could signal upward price pressure. The market appears to be at an inflection point where, if current demand trends continue to exceed new supply, conditions could shift toward sellers' favor and drive meaningful price appreciation, particularly once inventory levels normalize and selling activity becomes more consistent.

Townhomes & Condos:

While Basalt's single family home market remains firmly in buyer-controlled conditions, trends suggest the townhouse and condo market is entering seller-favorable territory. Both markets share similar inventory growth patterns, but the townhome and condo segment is absorbing this increased supply more effectively, maintaining competitive conditions and faster sales. New listings have surged, contributing to a 154% increase in total inventory year to date, yet sales activity has been robust with sold listings showing an impressive 113% jump. Properties are selling significantly faster, with days on market dropping 67% to just 46 days compared to June 2024, indicating strong buyer demand and competitive conditions. This combination of accelerating sales pace, consistent demand exceeding new supply in recent weeks, and sellers gaining a slight advantage points toward upward price pressure if current demand trends persist.

If you're interested in exploring investment opportunities beyond Aspen, I'd be delighted to introduce you to experienced professionals with strong performance histories. I maintain a network of trusted colleagues throughout the United States and internationally whom I can connect you with.

Contact me for all of your real estate needs.

I offer complimentary, no obligation property evaluations.

I'm always eager to share the Roaring Fork Valley's many hidden gems with you and your family or friends.

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.