v1.4  (updated from v1.2 on Pgs 7, 9-11 to reflect 6 mos median average sales rather than 3-mos avgs.) The Estin Report publishes a 10-page monthly Aspen real estate market “Snapshot” on or near the 1st Monday of each month.  The Snapshot presents a “bottom line” summary and raw sales data of the subject month and YTD performance for residential real estate sales in Aspen and Snowmass. There are three sections: 1) Total combined Aspen Snowmass Village Market; 2) The Aspen Market; 3) The Snowmass Village Market.  It features charts, tables and 30-day live links to photos and details of sold properties and compares the subject month to the same time in prior years.  The Monthly Snapshot is the only Aspen and Snowmass property sales information widely published in a timely and consistent manner early each month.

BOTTOM LINE

The pace of sales continues to cool from the heady days of 2022 yet prices remain at record highs. In general, we are seeing a slight softening of sales but that is more typical in prime time July. It is in Aug and Sept we sales spike as clients seek to nail down properties as summer activity comes to a close and in anticipation of winter.

Inventory of properties for sale, while incrementally improving over the past two years, continues to be near historic lows.

I am asked frequently how Presidential elections affect our market. In my H1 2024 report, the past three election year cycles reveal Aspen’s real estate activity trend line to rise leading up to the election, some flattening as we close in on election day, followed by either more flattening or a decline heading into the new presidential year (Pg 15).

Select charts and tables from the July 2024 report

July 2024: Aspen & Snowmass Village Single Family Homes Median Prices for Apr, May, Jun (Pg4 top)

Estin-Report-Jul-2024-Aspen-Real-Estate-Market_Median-Sold-Prices_Pg-4-1

July 2024: Aspen & Snowmass Village Single Family Homes Median Prices per Sq Ft for Apr, May, Jun (Pg4 bottom)

Estin-Report-Jul-2024-Aspen-SMV-Real-Estate-Market_3mos-Med-Sold-Prices-SqFt_Pg-4

Pg 1 Summary

Estin-Report-Jul-2024-Aspen-Real-Estate-Market-Snapshot_Summary-Pg1

Pg 2

Estin-Report-Jul-2024-Aspen-Real-Estate-Market_Sales_Pendings_Inventory_Pg2Estin-Report-Jul-2024-SMV-Real-Estate-Market_Sales_Pendings_Inventory_Pg2

Pg 7 top

Estin-Report-Jul-2024-Aspen-Real-Estate-Market_Condos-3Mos-Summary_Pg7

Pg 9 top

Estin-Report-Jul-2024-Aspen-Real-Estate-Market_SMV-Condos-3Mos-Summary_Pg9

Links to Jul 24 Aspen and Snowmass Village Sold Property Photos and Details: (Links expire in 30 days)
Aspen July 24 Closed Properties.   
Snowmass Village July 24 Closed Properties. 
Vacant Lots July 24 Closed Properties. 

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