It’s been another exceptional quarter for Aspen Snowmass Sotheby’s International Realty. Historically low inventory combined with a strong demand makes it a true seller’s market.

Aspen single-family home price points have risen by 17% YTD. Snowmass village single-family market is by far the most active in 2021 with dollar volume up 119% over last year and transactions up 60%. Snowmass Village condominium sales are also surging with dollar volume and transactions up 66% YTD.

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Fall, my favorite time of year, is finally here. The air is crisp, the sky is a deep blue and the golden foliage is spectacular. Things have quieted down a bit so we can all take a little breather after an incredibly busy summer and before the winter season begins.

The market still continues to be stronger than I’ve ever seen it, with very limited inventory of properties available to purchase at top prices. Check out the market update below.

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Lack of inventory continues to be our biggest challenge. Similar to land, the number of homes and condominiums or townhomes is at an all-time low. In Snowmass, there are only 15 homes on the market where historically there might have been 70-80 and only 24 condominiums available where historically there would have been 150-160. Aspen follows those same trends. As a result, we are often seeing multiple offers and signed back-up offers in case a transaction falls through.

As you can see the market is extremely competitive and that is when working with a highly experienced broker with vast resources becomes more important than ever. I know what is coming on the market or for sale but not publicly marketed. If you are looking to purchase, you can’t wait to see it pop up on a website because by that time it is probably already sold or under contract.

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