ASPEN INSIDER

March 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)

Discover luxury living on the east side of Aspen! This stunning half duplex, just over a mile from the Aspen Mountain gondola, boasts breathtaking views of Ajax. With high ceilings and abundant natural light, each room offers panoramic vistas. Patio spaces seamlessly blend indoor and outdoor living. The private primary suite occupies its own top floor, featuring secluded terraces perfect for sunset views. Two en-suite guest bedrooms each have their own patios, while exquisite hardwood floors enhance the living and kitchen areas. An elevator provides convenient access from the two-car garage to the main level. Nestled in tranquil Mountain Valley, this home is close to the popular East Aspen Trail and just a block from the neighborhood bus stop, with Dial-A-Ride service available.

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

ASPEN

Single Family Homes

In January 2026, Aspen saw 12 new single-family home listings, a 52% decrease from January 2025, although inventory has increased over the past several weeks. There were only 4 sold listings, reflecting a nearly 43% drop from the previous year; however, the median sales price surged 82% to $22,750,000 due to significant property closings. Homes averaged 180 days on the market. The ultra-luxury segment, defined by $20M+ sales, has become normalized, with more than 30 transactions in 2025—an increase of approximately 160% from 2024. Aspen remains a globally sought-after destination, prompting buyers to consider the true value of owning property in this unique mountain town.

Townhomes & Condos

In January 2026, Aspen's townhouse and condo market saw 7 new listings, unchanged from January 2025, while sold listings dropped to 4 from 10 the previous year. Despite this decline in sales, the median sales price rose 14% to $3,837,500. Properties averaged 155 days on the market, indicating a consistently cool market with low demand relative to available inventory. Currently, it remains a buyer's market, with prices continuing to decline.

BASALT

Single Family Homes:

In January 2026, Basalt's single-family home market recorded 6 new listings, a notable increase from just 1 in January 2025. There were 2 closed transactions, doubling last year's single closing, and the median sales price surged over 65% to $3,614,750, though this figure is based on only two sales. Homes averaged 175 days on the market, remaining stable compared to the previous year. This market has been consistently cool for several weeks, with demand levels low relative to available inventory.

Townhomes & Condos:

In January 2026, Aspen's townhouse and condo market saw only 4 new listings, a sharp decline from 23 in January 2025, largely due to new condo developments. The median sales price rose nearly 29% to $1,700,000, while the average days on market increased to 152. Although the market is cooling with more supply relative to demand, prices have been trending upward in recent weeks, keeping it classified as a buyer's market. The Midland Residences, the latest multi-family project taking shape in downtown, will feature 65 residential condominium units—comprising both free market and community housing—situated above street-level commercial spaces, with an anticipated completion date in Summer 2026.

If you're interested in investment opportunities beyond Aspen, I would be happy to connect you with experienced professionals who have strong performance histories. I maintain a network of trusted colleagues both nationally and internationally.

Douglas Elliman has recently expanded to one of the Caribbean's most sought-after destinations—St. Barths! Explore Elliman's International portfolio, including iconic villas and exceptional beachfront living.

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.