Fall Market Update | 2019 Vs. 2023

October 2023 Newsletter SA

Fall Market Update

Roaring Fork Valley 2023 

As a trusted advisor to buyers and sellers in the Roaring Fork Valley, it's critical for my clients to have the most accurate data. As we enter the 4th Quarter of 2023, I examined the sales numbers from Carbondale to Aspen. In comparing 2023 year-to-date numbers with pre-pandemic 2019 numbers, here is what the data shows:

Average sold prices, average sold price per square foot, and sales volume are up nearly 50% from Carbondale to Aspen.

Days on the market have decreased slightly in 2023 compared to 2019.

On average in 2023 Carbondale properties sold 23% faster than in 2019

On average in 2023 Aspen properties have moved 44% faster than in 2019.

Basalt has remained the same in 2019 and 2023 with an average of 159 days on the market.

It's important to note, that average days on the market are significantly higher in 2023 than they were during the pandemic-driven market. On average, listings are now taking 5-7 months to sell. Thus, from an absorption rate standpoint, it's clear, we are back to a 2019 "normal" paced market.

It’s evident that prices continue to rise, and while many national news headlines may argue prices are dropping and that sales are down, this simply is not the case for the Roaring Fork Valley. Yes, rising interest rates and economic volatility have slowed the pace of our market. The pandemic frenzy is over, however, we continue to see price per square foot growth, average sale price growth, and overall sales volume growth.

For sellers, it is critical to understand buyers are being more patient and taking their time to locate the right property. This does not mean your listing will sell at a large discount, instead, it may just take more time to sell than during the pandemic times. 

For buyers this is a great time to be involved in our market, competition remains limited and you have more options to choose from. Our market is expected to become highly competitive again when interest rates drop. Many buyers are waiting on the sidelines and will re-enter the marketplace when interest rates dip. This will further push prices up and make securing properties more challenging. If you are a buyer looking in our market, purchasing now has a great deal of advantages.

Lake Modern

Breaking ground summer of 2023. Refined, sophisticated, and elegant are just a few words to describe LipkinWarner's latest creation. Lake Modern provides a tranquil setting for mountain living in the Roaring Fork Valley just footsteps from the center of culture and community life. 

Set on a richly planted rolling landscape overlooking Willits Lake, these new residences offer choices of interior finishes, materials, and appointments that blend extraordinary detail and craftsmanship with comfort and livability. Single-level living, 1-4 bedroom residences, up to 3,500 sq. ft., 10 ft. ceilings, tailored interior finishes with private decks, underground heated parking, Wolf Subzero appliance packages, and floor-to-ceiling windows. 

Reach out to inquire about the ten remaining residences.

LEARN MORE

Active Listings

East Aspen

602 Mountain Laurel Drive

4 BD   4 Full & 2 Half BA   3890 SF   $7,999,000

Missouri Heights

1051 Cattle Creek Ridge Road

3 BD   5 BA   5731 SF   $5,495,000

Basalt Proper

101 Willow Road, Unit 205

4 BD   4 BA   3440 SF   $4,655,000

West Aspen

800 Bonita Drive, Unit 1

4 BD   4 BA   2616 SF   $4,500,000

Carbondale Rural

505 Diamond Ranch Rd

4 BD   5 BA   4329 SF   $3,895,000

Basalt Proper

101 Willow Road, Unit 104

3 BD   3 BA   2813 SF   $3,865,000

Carbondale Rural

151 Sundance Trail

5 BD   5 BA   4340 SF   $3,785,000

Carbondale Rural

181 Sundance Trail

5 BD   5 BA   4123 SF   $3,690,000

Basalt Proper

101 Willow Road, Unit 201

3 BD   4 BA   2372 SF   $3,250,000

Basalt Proper

112 Valley Court

4 BD   5 BA   3065 SF   $3,175,000

Carbondale Proper

4069 Crystal Bridge Drive

4 BD   5 BA   2628 SF   $3,100,000

Carbondale Rural

89 Fox Prowl Lane

5 BD   5 BA   3282 SF   $2,625,000

Vacant Land

Carbondale Rural

16510 82nd Highway

70 Acres $4,900,000

Carbondale Rural

117 River Park Lane

.7 Acres   $1,575,000

Carbondale Rural

167 Midland Loop

0 BD   0 BA   0 SF   $695,000

Carbondale Rural

0 Midland Loop

0 BD   0 BA   0 SF   $425,000

Frying Pan-Ruedi

1920 South Shore Drive

11.05 Acres  $375,000

Sam Augustine

Broker Assoc.
M: 646.629.4353
O: 970.925.6063
sam.augustine@compass.com

Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

Fall Market Update | 2019 Vs. 2023

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