Released Apr 3, 21 v1.6

Bottom Line

The Aspen real estate market continues to sizzle along…High demand, low inventory, historic low interest rates, a search for space, privacy, escape from high taxes in certain areas and changing work patterns are helping to push prices higher. The strong market has slowed slightly, especially in $15M and over properties, as low inventory across the boards – fewer property choices at higher prices – make some buyers pause.

The rental market for the summer is on fire as more normalcy in this summer’s cultural events return and more people begin to travel in the “opening up” of a post Covid-19 US.

The number of Aspen properties that went under contract in Mar 21 (this metric is used as a future indicator as most of these contracts will close in April and May) was up 238% to (44) from (13) last Mar: in Snowmass Village, under contracts were up 120%  to (33) in Mar 21 from (15) same time last year.

For earlier market comments, see recent article for Private Air Magazine Jan/Feb 2021 issue.

Aspen Only:  March 2021 Market Statistics Summary


(Page 7 in Snapshot. Click to enlarge.)

Aspen condo sales March 2021

  • Unit Sales: 144% (22) in Mar ‘21 from (9) in Mar ‘20
  • Dollar Sales: +35% $69M in Mar ‘21 from $51M in Mar ‘20
  • Inventory Active Listings: -15% (105) in Mar ‘21 from (123) in Mar ‘20

Aspen condo sales YTD

  • Unit Sales: +84% (46) in Mar ‘21 from (25) in Mar ‘20
  • Dollar Sales: -2% $128M in Mar ‘21 from $131M in Mar ‘20
  • Inventory Active Listings: +8% (155) in Mar ‘21 from (143) in Mar ‘20

Aspen Single family home sales March 2021

  • Unit Sales: +100% (10) in Mar ‘21 from (5) in Mar ‘20
  • Dollar Sales: +64% $80M in Mar ‘21 from $49M in Mar ‘20
  • Inventory Active Listings: -39% (90) in Mar ‘21 from (148) in Mar ‘20

Aspen Single family home sales YTD

  • Unit Sales: +131% (30) in Mar ‘21 from (13) in Mar ‘20
  • Dollar Sales: +140% $291M in Mar ‘21 from $121M in Mar ‘20
  • Inventory Active Listings: -25% (130) in Mar ‘21 from (174) in Mar ‘20

*Typically, the Aspen market represents 70-75% of the total combined Aspen Snowmass Village real estate marketplace. 

Snowmass Village Only:  March 2021 Market Statistics Summary


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Snowmass Village condo sales March 2021

  • Unit Sales: +190% (29) in Mar ‘21 from (10) in Mar ‘20
  • Dollar Sales: +364% $36M in Mar ‘21 from $8M in Mar ‘20
  • Inventory Active Listings: -36% (87) in Mar ‘21 from (136) in Mar ‘20

Snowmass Village condo sales YTD

  • Unit Sales: +55% (59) in Mar ‘21 from (38) in Mar ‘20
  • Dollar Sales: +43% $81M in Mar ‘21 from $56M in Mar ‘20
  • Inventory Active Listings: -24% (118) in Mar ‘21 from (157) in Mar ‘20

Snowmass Village Single family home sales March 2021

  • Unit Sales: +33% (4) in Mar ‘21 from (3) in Mar ‘20
  • Dollar Sales: +49% $17M in Mar ‘21 from $11M in Mar ‘20
  • Inventory Active Listings: -64% (28) in Mar ‘21 from (77) in Mar ‘20

Snowmass Village Single family home sales YTD

  • Unit Sales: +150% (10) in Mar ‘21 from (4) in Mar ‘20
  • Dollar Sales: +247% $44M in Mar ‘21 from $13M in Mar ‘20
  • Inventory Active Listings: -46% (44) in Mar ‘21 from (83) in Mar ‘20

* Typically, the Snowmass Village  market represents 25-30% of the total combined Aspen Snowmass Village real estate marketplace..

Links to Mar 2021 Aspen and Snowmass Village Sold Property Photos and Details

Aspen Mar 2021 Closed Properties.   This link is valid until 5/1/21.

Snowmass Village Mar 2021 Closed Properties. This link is valid until  5/1/21.

Vacant Lots Mar 2021  Closed Properties. This link is valid until  5/1/21.