Aspen Real Estate Update- February Newsletter

After a record-setting year of sales in 2020, the inventory valley-wide is limited.

Basalt and Carbondale have never seen such low inventory levels, and Aspen is not far behind. The demand remains overwhelmingly strong, creating an increasingly competitive marketplace.

COVID has led to significant shifts in buyer demands and real estate trends nationwide. People of all ages are re-evaluating where and how they want to live.  Many luxury second-home markets, like the Roaring Fork Valley, are becoming increasingly desirable.

• In 2020, listings in Carbondale and Basalt sold for an average of 97% of the list price.

• In Aspen, listings sold for an average of 94% of the list price.

• In 2020, the average price per sq. ft. for properties sold in Carbondale was $368 per square foot.

•  In Basalt, the average sales price was $615, in Aspen, it was $2,013 per square foot.

• Compared to the same time period last year, Jan. 1- Feb. 15th, the total number of active listings in Aspen is down 23%, Mid-Valley, Carbondale to Basalt, active listings are down 54%.

Due to limited inventory valley-wide, if you are considering selling, call me, now is an ideal time to sell.