Aspen Updates from Sally Shiekman

While headlines across the country highlight a slowdown in the luxury housing market—with wealthy buyers backing out of multimillion-dollar deals from coast to coast—Aspen and Snowmass tell a different story. And the latest numbers from the Q1 report prepared by Aspen Snowmass Sotheby’s statistic guru, Andrew Ernemann, confirm what many of us are seeing: the high-end market here remains remarkably resilient.

In Aspen, the average single-family home sale has climbed to $17.3 million, a 16.6% increase from last year, with price per square foot now topping $3,686. Condos aren’t far behind, averaging $6.43 million—up over 41% year-over-year. Even with fewer transactions overall, total volume is up substantially, signaling that buyers are choosing better properties, not abandoning the market.

Snowmass Village is seeing its version of the upswing. Single-family home volume jumped nearly 68%, and the average condo price per square foot rose more than 35%. At Stratos, Base Village’s final new construction opportunity, only 21 out of 89 units remain available for delivery in 2026. Yes, sales counts are slightly lower, but quality and price are trending upward. There’s a noticeable shortage of single-family homes for sale in Snowmass Village; as of 4/15/25, there are 14 single-family homes on Quick read more or view full article the market, with 5 of those under contract and waiting to close.

So what gives? While markets like LA, NYC, and Miami report more cancellations and longer days on market, Aspen is benefiting from unique factors: a lifestyle-driven buyer pool, limited inventory, and a global brand appeal that transcends typical cycles. Aspen’s pending inventory is up over 32% from last year, and Snowmass pending deals are up over 52%.

For sellers, this could be your moment. Quality properties are commanding premium prices, and buyers still in the game are serious, decisive, and ready. And for buyers? There’s value in being prepared and strategic in a competitive environment.

The truth is, real estate is always local. And Aspen isn’t just another luxury market—it’s a world-class destination with staying power.

Let me put my Mountains of Experience to work for you. Read Less

The Aspen real estate market continues to demonstrate its resilience and appeal, with some landmark transactions recently capturing attention.

Viewline and Wildwood Hotels Sale
The largest hotel property in Snowmass Village, encompassing the Viewline Resort Snowmass, Wildwood Snowmass Lodge, and the Snowmass Conference Center, just sold for nearly $144 million. The buyer, Elevate Snowmass LLC, is controlled by noted hotelier Stephane De Baets, the founder of Elevated Returns. De Baets already holds significant investments locally, including the St. Regis Aspen Resort and Redstone Castle (located about an hour from Aspen), underscoring his bullish outlook on the area’s potential. The Viewline Resort Snowmass, built in 1968, the adjoining conference center, and the Wildwood Lodge have undergone multiple ownership transitions and renovations over recent years. Marriott International will continue managing the Viewline Resort, promising continuity and consistent quality.

Monastery Property Under Contract
In Old Snowmass, the expansive 3,739-acre Monastery property listed at $150 million, on the market for about ten months, is now officially under contract. The sizable acreage and high-profile status have kept eyes on this unique property as a landmark real estate listing in the valley.

Rare Opportunity Still Available
For buyers still eyeing the Quick read more or view full article ultra-luxury segment, the former Elk Mountain Lodge remains available at a $125 million asking price. Currently, the only Aspen area property listed above $100 million, this estate represents a rare opportunity in Aspen's exclusive market.

These recent transactions and listings highlight the continued robust activity and significant investment in Aspen, Snowmass Village, and the Roaring Fork Valley, signaling sustained demand and strong market confidence.

If you or someone you know has an interest in the Roaring Fork Valley real estate markets, please call me at 970-948-7530 or visit me online at SallyShiekman.com and let me put my Mountains of Experience to work for you.  Read Less

If you’re contemplating selling your home—whether this season or years from now—it would be my privilege to offer you something that my clients find very useful: my custom seller presentation and market analysis for your property, completely free, with no obligation to list. It's just a chance to get to know one another.

This Customized, Complimentary Listing Presentation gives you a snapshot of what’s happening in your neighborhood, properties currently for sale in your price range, and what steps you'll want to take to make your home market-ready. I’ll even walk through your home with you, offering honest, professional staging suggestions to help you get the best result, whether you choose to list now, later, or not at all.

With over 33 years of experience selling real estate in the Aspen and Roaring Fork Valley markets and a track record of hundreds of successful transactions, I know what it takes to make your sale smooth, strategic, and profitable.

If you're curious how much your home is worth, what buyers are looking for, or just want to talk about timing, please call me, Sally Shiekman, at 970-948-9530 and Let me put my Mountains of Experience to work for you.
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I've been selling real estate in Aspen and the Roaring Fork Valley for over 33 years, and one thing has remained true: real estate here is more than just a purchase—it’s an investment in a lifestyle, a legacy, and long-term value.

In high-end markets, people often debate between buying in a city like New York, LA, or Miami versus mountain towns like Aspen, Snowmass, Basalt or Carbondale. While urban real estate has its appeal—business opportunities, high rental demand, and cultural access—there’s one significant difference: scarcity. You can always build more high-rises but can’t make more Aspen.

Aspen’s real estate market is defined by its limited land, stringent zoning, and a deep-rooted commitment to preserving the town’s character. This means that every home or condo here holds intrinsic value, driven by supply and demand. We’re not just a ski town; we’re an international destination with a year-round appeal, from summer hiking and festivals to world-class skiing, to golden autumn colors that take your breath away. Unlike many urban areas, where the next economic downturn can lead to high vacancy rates and dropping property values, Aspen has consistently demonstrated resilience and appreciation.

Another key factor? Quality of Quick read more or view full article life. Investing in Aspen isn’t just about financial returns—it’s about access to nature, privacy, and a close-knit community that’s rare in major metropolitan areas. While city properties may come with noise, congestion, and ever-changing neighborhood trends, Aspen, Snowmass, and the Roaring Fork Valley remain nature-filled retreats that buyers keep coming back to.

I’ve worked with clients who have bought, held for the long term and bought and resold over the past three decades, and repeatedly, this market proves to be a wise long-term play. If you’re looking to invest where exclusivity meets stability, let’s talk. Let me put my Mountains of Experience to work for you.
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The Roaring Fork Mid-Valley real estate market has seen some big shifts, and if you’ve been wondering what’s happening in Old Snowmass, Basalt, Missouri Heights, and Carbondale, here’s the latest.

Over the past few years, we’ve watched prices soar as buyers rushed to secure their piece of the valley. But 2025 is showing a more complex picture—some areas are holding strong, while others are seeing prices settle.

Big Picture Trends

• A Pandemic Boom, Now Evolving – The surge in demand pushed prices to record highs, with Aspen and Carbondale seeing the most dramatic increases.
• Wealthy Buyers Shaping the Market – Luxury homebuyers continue to play a big role in Mid-Valley real estate, especially in Basalt, Missouri Heights, and Carbondale.
• Market Adjustments – While Carbondale remains a standout, Old Snowmass, Basalt, and Missouri Heights have seen median price declines.

 

Breaking It Down

• Old Snowmass: Prices have fluctuated, with a notable dip in 2025, though there are still strong sales happening.
• Basalt: After peaking in recent years, the median price has softened, but demand remains steady.
• Missouri Heights: More sales are happening but at slightly lower prices than before.
• Carbondale: A bright spot—prices have climbed significantly, making it one of the most resilient markets.

 

What It Means for Buyers & Sellers

For buyers, Quick read more or view full article some areas are presenting new opportunities. For sellers, strategic pricing is more important than ever. As always, understanding market shifts is key to making the right move.

Let’s connect if you want to discuss how these trends impact your real estate plans—because timing and strategy make all the difference!

Let me put my Mountains of Experience to work for you.

Data and analysis credit to Peak Appraisal Service, Inc. Read Less

If you’ve been watching the headlines, you might wonder whether now is the right time to invest in Aspen real estate. With a new administration, global uncertainty, and shifting economic policies, it’s natural to question how these factors impact our market. So, let’s take a step back, look at the bigger picture, and talk about what matters regarding real estate in Aspen.

First, Aspen isn’t just another market—it’s a unique, highly desirable destination with historically strong property values. Yes, interest rates fluctuate, tax policies shift, and governments come and go, but Aspen’s appeal remains. People don’t buy here solely as a financial investment; they buy into a lifestyle, a community, and a legacy. That’s what has kept our market resilient through past economic cycles, and I believe Aspen will continue to be a wise investment in the long run.

That said, different political climates can create short-term opportunities. Uncertainty can lead to hesitation, and hesitation can lead to less competition. For buyers, that can mean a chance to negotiate in ways that might not be possible in a booming market. For sellers, it’s about positioning your property wisely—pricing it correctly and highlighting its full value, which is where an Quick read more or view full article experienced realtor makes all the difference.

Real estate is always about timing and strategy. But if history tells us anything, it’s that Aspen, Snowmass, Basalt, Carbondale, and the entire Roaring Fork Valley real estate markets have remained stable and sought-after investments—regardless of who is in office. If you’re wondering whether now is the right time for you, let’s talk. I’m happy to help you work through all the options based on facts, not fear.

Let me put my Mountains of Experience to work for you. Read Less

As someone who’s been helping clients find their dream homes in Aspen, Snowmass, and the Roaring Fork Valley for over 33 years, I can confidently say this region is unlike any other. Spanning from Carbondale through Aspen, the Roaring Fork Valley offers an unmatched blend of natural beauty, luxury, and vibrant community. With four distinct mountains, every day brings a new adventure for skiers of all levels, making it the perfect haven for those seeking excitement and serenity.

What truly sets the region apart is its access to unmatched nature combined with a rich cultural tapestry. Events like the Aspen Ideas Festival and the Aspen Music Festival bring together visionaries from around the world, creating a dynamic environment of creativity and connection. The warmth and diversity of the community here makes it easy for newcomers to feel right at home.

The Roaring Fork Valley, with its charming towns like Basalt, and Snowmass offers a perfect blend of luxury and convenience. This accessibility to top-tier services without the long commutes found in other ski areas enhances the region's appeal.

My decades of experience helping clients buy and sell real estate has deepened my understanding of what truly matters to Quick read more or view full article my clients. It’s not just about finding a home; it’s about uncovering the hidden desires and matching them with the perfect amenities.

Over the years, I've had the privilege of helping clients establish a foothold, upgrade, resell, and transform their holdings into lasting legacies. Real estate here isn’t just about property; it’s about building a future and a lifestyle that reflects the best of what Aspen, Snowmass, and the Roaring Fork Valley offer. Read Less

Luxury real estate is entering a new era where sustainability and sophistication merge seamlessly. In Aspen’s high-end market, discerning buyers are seeking properties that reflect both their environmental values and their desire for unparalleled comfort. Homes that incorporate eco-conscious design are no longer niche—they're the new standard for the future of luxury living.

One such approach is passive solar design, an elegant and cost-effective way to enhance sustainability. According to Richard Mullen from Demense Architecture & Interior Design, “Passive solar design optimizes a home’s orientation and incorporates architectural features to regulate solar gain. This thoughtful design decreases heat absorption during summer and increases it during winter, naturally cooling and warming the home with minimal energy consumption.”

Another example of Aspen's sustainable luxury is a property I sold in 2021 that perfectly embodied this trend. The home included twelve geothermal wells for energy-efficient heating and cooling, a 35KW solar array, and innovative snow-melting technology that eliminated the need for traditional heating methods. These features not only reduced the property’s environmental footprint but also enhanced the homeowner’s comfort and convenience.

Beyond energy systems, the materials used in modern luxury homes are carefully selected for sustainability. Reclaimed timber, low-VOC finishes, and Quick read more or view full article high-performance insulation balance eco-consciousness with timeless style. Outdoor spaces also reflect this commitment, with xeriscaping and green roofs that conserve water and support local wildlife, all while enhancing the property’s aesthetics.

Aspen’s luxury homes also integrate advanced smart technologies for optimal efficiency. These systems allow owners to control energy use, lighting, and irrigation remotely, reducing waste and maximizing convenience. The result? Homes that not only align with their owners’ values but also enhance their daily lives.

Sustainable luxury is about more than energy savings—it’s about creating wellness-centered environments. Many of Aspen’s high-end properties feature amenities like saltwater pools, infrared saunas, and yoga studios powered by renewable energy, blending health, beauty, and sustainability seamlessly.

Aspen is leading the way in redefining what it means to live luxuriously and responsibly. The integration of sustainable practices into high-end design creates properties that stand as symbols of innovation, comfort, and environmental stewardship.

If you’re considering buying or selling in Aspen, I’d love to guide you through this exciting landscape. With over three decades of experience, I can help you find or design a home that reflects your values while embracing the best of Aspen’s remarkable lifestyle.

Let me put my Mountains of Experience to work for you.
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Nestled in the heart of the Rockies, Aspen isn’t just a destination—it’s a lifestyle, a legacy, and a place where real estate transcends the ordinary. With every snowflake that falls and every festival that lights up its vibrant streets, Aspen reinforces its reputation as one of the world’s most exclusive and dynamic real estate markets. But what makes this place so unique? Let’s dive into the current trends shaping this remarkable market—and why now might be your moment to join it.
 

The Thrill of the Hunt: Limited Inventory, Infinite Possibilities

Aspen’s real estate market is a game of exclusivity, where the rules are dictated by limited inventory and soaring demand. In 2024, inventory remained tight, with new builds restricted by stringent regulations that preserve the town's charm and natural beauty. The result? Homes here are not just properties—they’re treasures.
Walking distance to the lifts, properties are snapped up almost as quickly as they hit the market, and sprawling estates with panoramic mountain views are the stuff of dreams for discerning buyers. The most coveted properties have sparked bidding wars that add an extra layer of excitement to an already thrilling market.
 

Breaking Records, Setting Trends

Aspen is no stranger to jaw-dropping headlines, and Quick read more or view full article 2024 was no exception. Last year, the area witnessed Colorado’s most expensive home sale—a staggering $108 million for a private estate that set new benchmarks for luxury. Meanwhile, high-profile sales have only heightened the market’s allure for ultra-high-net-worth individuals.
For many buyers, Aspen isn’t just about finding a home; it’s about making a statement. These properties blend lifestyle with legacy, providing a foothold in one of the most admired communities in the world.
 

What’s Next: Aspen Real Estate in 2025

As we look ahead, the Aspen market shows no signs of cooling off. Here’s what’s driving the buzz for 2025:

• Eco-Chic Homes Are In: Green is the new gold. Luxury buyers increasingly prioritize sustainability, seeking homes with energy-efficient designs, solar panels, and eco-friendly features that reflect their values.
• Smart Investments: Historical data doesn’t lie—Aspen real estate offers robust returns. It’s a chance to combine the joy of owning a dream home with the security of a long-term investment.
• Cultural Magnetism: From the Aspen Ideas Festival to the Music Festival, the community offers more than just mountains. It’s an intellectual and artistic hub that attracts elite minds from across the globe.

Why You Need a Guide in This Market

The Aspen real estate market isn’t for the faint of heart. Competition is fierce, prices are climbing, and opportunities can vanish in the blink of an eye. That’s where experience comes in. With over 33 years of expertise, I know how to navigate this complex market, uncover hidden gems, and secure the best deals for my clients.
Aspen is more than a place—it’s a legacy waiting to be built. If you’re ready to take the leap, let me put my "Mountains of Experience" to work for you.

Every dream home starts with a conversation. Let’s make yours a reality.
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As someone who has spent over three decades helping buyers find their dream homes in Aspen, Snowmass, and the Roaring Fork Valley, I’ve seen luxury home features evolve. Today, buyers in the high-end market aren’t just seeking opulence; they’re looking for homes that align with their lifestyles, values, and visions of comfort.

Modern luxury homes combine timeless elegance with cutting-edge convenience. Here are some must-haves for today’s discerning buyers:

1: Smart Home Technology: Integration is key. From voice-controlled lighting and climate settings to state-of-the-art security systems, high-end buyers expect seamless technology that enhances their living experience. Features like automated blinds, temperature-controlled wine cellars, and intelligent irrigation systems are becoming standard in Aspen’s top-tier properties.

2: Wellness Amenities: Luxury living now prioritizes health and relaxation. Homes with private yoga studios, saltwater pools, infrared saunas, and spa-like bathrooms are highly sought after. Some properties even feature cryotherapy chambers or hydrotherapy options.

3: Entertaining Spaces: Open-concept living areas, expansive outdoor patios, and chef-grade kitchens are essential. Buyers also look for high-tech home theaters, custom-designed wine cellars, and outdoor fire pits perfect for hosting après-ski gatherings.

4: Sustainable Luxury: Eco-conscious design is no longer optional. High-end properties often feature geothermal Quick read more or view full article heating, solar energy systems, and green roofs. Sustainable materials like reclaimed wood and locally sourced stone add a unique touch while supporting the environment.

5: Location and Views: In Aspen, properties with unobstructed mountain views, private ski-in/ski-out access, or proximity to trails are among the most coveted. Pairing these natural assets with meticulously designed landscaping creates the ultimate oasis.

These features aren’t just about luxury—they’re about enhancing every aspect of daily living. If you’re considering buying or upgrading in Aspen, let’s discuss how we can align your vision with the best the market offers. Read Less

Aspen has always been a location that stands apart—a jewel of the Rocky Mountains, renowned for its natural beauty, vibrant culture, and world-class amenities. But what truly sets Aspen apart is the strength of its real estate market. According to a recent study by RealtyHop.com, Colorado is home to 20 zip codes where million-dollar homes are now the standard, and Aspen's 81611 zip code is again at the top of that list.

In a state filled with breathtaking mountain towns, Aspen remains a benchmark for luxury and exclusivity. It’s not just about the homes themselves—although they are stunning, often featuring unparalleled architecture, design, and views—but also about the lifestyle that comes with living here. Aspen offers something truly unique: access to endless outdoor activities, cultural events like the Aspen Ideas Festival and Aspen Music Festival, and a tight-knit, service-oriented community that makes living here feel special every day.

Aspen’s position among the nation’s top zip codes is also a reflection of its enduring appeal to savvy buyers. Unlike many destinations, where seasonal fluctuations or market trends can introduce uncertainty, Aspen’s real estate market has proven itself to be an excellent investment over time. Historically, properties here have retained Quick read more or view full article their value or often appreciated significantly, making the purchase of real estate not just a lifestyle decision but a brilliant financial one as well.

When comparing Aspen to other zip codes in Colorado and across the country, what stands out is the diversity of offerings. From legacy estates to chic downtown condos, there’s truly something for everyone. And while areas like Vail or Telluride also boast impressive markets, they don’t offer the same level of access to fine dining, arts, and services—or the rare combination of privacy and accessibility that Aspen and the Roaring Fork Valley provide.

Across the state, other zip codes are seeing rising property values too, with places like Boulder, Cherry Creek in Denver, and mountain enclaves in Summit County becoming increasingly desirable. Nationally, Aspen competes with places like Malibu, Palm Beach, and the Hamptons, but the year-round allure sets us apart. Whether skiing on Aspen Mountain, biking through the Roaring Fork Valley, or enjoying the summer music festivals, there’s always something to do here.

Now is the time to act for those considering a home in Aspen. As demand continues to grow, opportunities to secure a foothold in one of the most desirable markets in the country are becoming more limited. I’ve been helping clients navigate the Aspen market for over 33 years. I’d love to help you explore your options—whether you’re looking for a legacy property, an upgrade, or an investment combining lifestyle and financial growth.

Let me put my "Mountains of Experience" to work for you.

— Sally Shiekman
Aspen Realtor | Over 33 Years of Experience Read Less

I was recently asked this question:
Why are mortgage rates rising when the Federal Reserve lowered interest rates? It’s a great question; understanding the answer can help you make more informed decisions when buying or selling property.

The key lies in how the Federal Reserve (the "Fed") influences the economy versus what determines mortgage rates.

The Fed and Its Tools

The Federal Reserve sets a target for the federal funds rate: the interest rate banks charge each other for overnight loans. When the Fed lowers this rate, it’s usually trying to stimulate economic growth by making borrowing cheaper.
This action affects short-term interest rates relatively quickly, like those on credit cards or personal loans. However, mortgage rates are long-term interest rates and behave differently because they depend on broader market forces.

What Drives Mortgage Rates?

Mortgage rates are closely tied to the yield on the 10-year Treasury bond. Investors consider these bonds a safe alternative to riskier investments. When economic uncertainty grows, demand for Treasury bonds increases, pushing yields down and lowering mortgage rates. However, when the opposite occurs—such as expectations of inflation or strong economic growth—yields and mortgage rates tend to rise.

The Inflation Connection

Here’s the catch: Quick read more or view full article When the Fed lowers rates, it often signals concerns about the economy, such as slowing growth or the risk of a recession. These lower rates are meant to boost spending and investment, which can spur economic recovery. However, if the market perceives that these actions might lead to higher inflation in the future, long-term rates like mortgages can go up. Lenders demand higher rates to offset the erosion of future returns caused by inflation.

The Role of Supply and Demand

Mortgage rates also depend on investor demand for mortgage-backed securities (MBS). If investors lose confidence in the bond market or fear inflation, they may sell off MBS, driving mortgage rates higher. Lower Fed rates can trigger such fears, creating a situation where mortgage rates rise despite the Fed’s efforts to ease borrowing costs.

Navigating This Paradox

This dynamic underscores the importance of timing and strategy for buyers and sellers in the Aspen real estate market. While lower Fed rates might suggest a more favorable borrowing environment, rising mortgage rates can quickly change the equation. Working with an experienced realtor who understands these trends can help you navigate these shifts effectively.

If you’re considering buying or selling in the Roaring Fork Valley, let me put my "Mountains of Experience" to work for you. Whether it’s understanding market trends or helping you craft a competitive offer, I’m here to guide you every step of the way.
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The recent off-market sale of Patrick Dovigi’s Aspen mansion for $55,000,000, just months after he purchased it for $48,750,000, is another stunning example of the strength of Aspen’s real estate market. Even small changes can yield significant returns in a town where inventory is limited and demand remains at a high altitude. 

Dovigi, a former hockey player and entrepreneur, made only minimal updates to the property, including adding a bedroom, before flipping it for a $6.25 million profit between April and December of this year.

Located around the corner from my condo, I know this home well. It was originally built in 1975, renovated over the years and sold for $13,000,000 in 2018. Then, it was completely rebuilt in 2021. The home sold twice in 2024 and both were off-market sales. In April 2024, the nearly new home sold for $48,750,000 or $5,957/Sq.Ft., and in December 2024, Dovigi sold it for $55,000,000 or $6,720/Sq.Ft. with an additional bedroom. To provide perspective, as of 11/30/24, single-family homes in downtown Aspen were selling for an average of $3,696/Sq.Ft.

It’s little wonder this transaction stands out. This practically new home is significantly larger than most homes Quick read more or view full article in downtown Aspen; it’s sited on a large corner lot, on a quiet, dead-end street and has great mountain views. This type of short-term return is made possible by a scarcity of high-end inventory and a location that is hard to beat.

As someone privileged to live in this incredible valley, I take immense pride in helping others find their foothold here. Whether you’re a first-time buyer looking for a less expensive property in a prestigious neighborhood or a seasoned investor seeking to capitalize on Aspen’s booming and limited luxury market, the opportunities are extraordinary.

This sale also underscores a valuable axiom in real estate: owning in a highly desirable location provides access to long-term appreciation and lifestyle benefits that can’t be matched. Even properties that seem like stepping stones can become significant investments in markets like Aspen, Snowmass, and the Roaring Fork Valley. The down-valley town of Carbondale was recently honored by Forbes Magazine as the single top appreciating market in the country, with a stunning 20-year appreciation of over 460%!

The Roaring Fork Valley real estate market is as unique as its breathtaking landscapes, and with the proper guidance, your dream home—or next excellent investment—is within reach. If you are considering buying or selling in this fantastic market, let me put my Mountains of Experience to work for you. Read Less

Aspen Real Estate in 2024: Lower Interest Rates, Strong Demand & New Opportunities

As we wrap up 2024, there’s good news for the Aspen and Roaring Fork Valley real estate markets. With election uncertainties behind us and interest rates trending down, we’re seeing strong growth and exciting opportunities for buyers and sellers alike.

Lower Interest Rates = More Buying Power

With interest rates moving downward, buyers have newfound purchasing power. This means monthly mortgage payments are becoming more manageable, allowing buyers to explore properties that may have previously been out of reach. For first-time Aspen buyers, seasoned investors, and even those looking for a second home, this is a great moment to capture a unique property in one of the country's most beautiful areas.

2024 Market Trends: Robust Demand for Luxury Properties

The luxury market in Aspen and Snowmass Village remains incredibly resilient. According to the Q3 2024 Market Report from Aspen Snowmass Sotheby’s, the total dollar sales volume is steady despite a slight dip in the number of properties sold. Aspen recorded an impressive $108 million sale in the third quarter alone—a clear sign that demand for premier properties is still solid.

Quick read more or view full article id="docs-internal-guid-84f5d841-7fff-50b8-3ee1-d94f48a802af">Growing Appeal in Woody Creek, Basalt, and Carbondale. 

It’s not just Aspen and Snowmass Village that are seeing action. Our surrounding communities are also heating up. Woody Creek, for instance, saw its average sold price skyrocket by 159% compared to last year, underscoring its growing appeal for those seeking a blend of privacy and proximity to Aspen. Basalt has also become a hotspot, with a 10% increase in the average sold price per square foot. Forbes Magazine named Carbondale the number-one city in America for home appreciation over the last 20 years! Buyers are recognizing the value and charm of these communities, making now an ideal time for sellers to list in these sought-after areas.

What Does This Mean for Buyers and Sellers?

For buyers, these lower rates open up exciting options. You can afford more home for your budget, and in a competitive market like Aspen, this added flexibility can make a huge difference. For sellers, the increase in buyer interest—driven by both lower rates and strong demand—means there’s potential for competitive offers and quicker sales. Even if you’re not ready to sell right away, it’s worth having a conversation about your property’s value in today’s active market.
2024 is shaping up to be an exciting year for real estate in Aspen and the Roaring Fork Valley, with opportunities for buyers and sellers to make the most of these favorable conditions. If you’re considering buying or selling, let’s talk about navigating this dynamic market and achieving your real estate goals.

Call me, Sally Shiekman, at 970-948-7530, or visit SallyShiekman.com. Let me put my 'Mountains of Experience' to work for you!
P.S. If you would like a complimentary 2025 Aspen Wildlife Calendar, send me a text or an email with your contact information and mailing address and I will ensure that you receive one. 
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Snowmass has long been synonymous with world-class skiing, but it’s so much more than that. As highlighted by a recent Wall Street Journal article, the luxury real estate market here has seen a significant surge, with high-end buyers flocking to the area for its breathtaking beauty, privacy, and seamless blend of modern design with natural surroundings. Snowmass is quickly becoming a hotspot for those seeking not just a home but a true mountain retreat.

According to the WSJ, one of the biggest draws to Snowmass is its relative calm compared to neighboring Aspen. Snowmass offers the same access to amenities but with a more laid-back, family-friendly vibe. The properties here, from sleek, contemporary estates to expansive ranch-style homes, offer panoramic views, cutting-edge architecture, and luxurious finishes. No wonder so many people are looking to invest in this mountain gem.

But it's not just the evolving homes—Snowmass is constantly improving. With the Aspen Skiing Company investing heavily in upgrades, we’re seeing new lifts, expanded trails, and improved snowmaking capabilities, ensuring that Snowmass stays at the forefront of the ski world while prioritizing sustainability.

For those who love to ski and are interested in a Quick read more or view full article brand-new condominium option, let me introduce you to Stratos, the last opportunity in Snowmass’s coveted Base Village. These 89 units, designed for those who want to experience the ultimate ski-in, ski-out lifestyle, offer a wide range of sizes and floor plans, from 2-bedroom residences to breathtaking 5-and 6-bedroom rooftop Sky Cabins. With two buildings offering unrivaled access to the slopes, Stratos is a truly exclusive opportunity. Reservations for Stratos will be accepted starting December 2024, so don’t miss this once-in-a-lifetime chance to be part of something truly special!

What I love most is that this community is perfect for all seasons. Whether you’re skiing in the winter, hiking in the summer, or simply soaking in the views year-round, there’s always something exciting to do. I’m thrilled about Snowmass's future and the endless opportunities it presents for residents and visitors alike. If you’re looking for luxury with a sense of adventure, Snowmass should be on your radar.

If you’d like to discuss real estate options in this vibrant community, give me a call, and let me put my Mountains of Experience to work helping you find your perfect mountain escape!
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As a realtor for over three decades in Aspen and the Roaring Fork Valley, I’ve witnessed many changes in the local real estate landscape. One of this region's most remarkable growth stories has been in Carbondale, Colorado. What was once a quiet agricultural and mining town has become a booming hub for second-home owners, remote workers, and families seeking a laid-back mountain lifestyle.

According to a recent Forbes article, Carbondale’s growth over the past two decades is phenomenal. From 2004 to 2024, the median home value in Carbondale skyrocketed from $256,998 to over $1.44 million—a five-and-a-half-fold increase. This growth rate far outpaces the national median, which saw a 111.7% rise during the same period, as the U.S. median home value more than doubled from $170,603 to $361,676. These numbers highlight Carbondale’s standing as one of the hottest real estate markets in the country, which leads the Forbes list. Also on that list are Rifle, Colorado, at #13, and Glenwood Springs, Colorado at #19. Even little-known Boone, Colorado, with a population of 306, made the list of 20 cities with the most significant home value appreciation over the last 20 years. 

Carbondale's transformation is closely tied to its proximity Quick read more or view full article to Aspen. As Aspen grew, so did the surrounding towns, with Carbondale benefiting immensely from being just down the road. Once considered a "bedroom community" for Aspen workers and second-home owners, Carbondale has developed its own identity. Its artsy, eco-conscious vibe and strong sense of community make it a magnet for those seeking a mountain lifestyle without Aspen’s sky-high price tag.

What’s driving this growth? Carbondale has successfully balanced development with sustainability. Many buyers are drawn to the region for its outdoor amenities, thriving cultural scene, high quality of life and stunning views of Mt. Sopris. The town’s rise in home values reflects not just demand but also the influx of new services and amenities, and a strong tourism sector that has evolved in recent years.

For families and professionals, Carbondale offers excellent schools, a rich cultural heritage, and endless recreation opportunities. While its real estate market is proliferating, it still offers relative value compared to Aspen. Owner-occupied households in Carbondale have a median income of $133,333. While the town's median income of $92,083 is below what you might expect for an area with such high property values, it underscores the diversity of people who call it home.

If you’ve been considering Carbondale as a place to invest or relocate, now is a great time. With its rapid appreciation and growing appeal, Carbondale is no longer just a hidden gem—it's a thriving town with a bright future. I’ve been fortunate to work with buyers and sellers throughout this region for decades, and I’m always here to help guide you through your next real estate move.

Feel free to reach out if you have any questions about Carbondale or the Roaring Fork Valley market. With Carbondale’s upward trajectory, there’s never been a more exciting time to explore your options in this flourishing community.
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The Federal Reserve's decision to cut interest rates by 0.5% in September 2024 marks the first interest rate cut since 2020 and a significant moment for the real estate market nationwide, including in Aspen, Snowmass, and the Roaring Fork Valley. While the effects may take some time to fully unfold, we can expect several vital impacts, particularly in a high-demand, luxury-driven market like ours.

1. Increased Buyer Confidence 
A rate cut generally brings a sense of optimism across the real estate market, and this one is no exception. With the Fed opting for a larger-than-expected reduction, buyers, particularly those in the mid to high-end price ranges, may feel more confident about entering the market or making their next move. Lower borrowing costs can make it more attractive to finance a home purchase, even in areas like the Roaring Fork Valley, where many luxury buyers pay with cash as opposed to obtaining financing. The psychological boost from lower rates is likely to bring more activity to Aspen and the Roaring Fork Valley as prospective buyers see an advantage to purchasing now rather than waiting.

2. Potential for Increased Listings 
One of the challenges we've faced in the Roaring Fork Valley Quick read more or view full article has been limited inventory, with homeowners reluctant to sell due to their locked-in low mortgage rates from prior years. With the Fed's rate cut signaling a shift towards more favorable financing conditions, we might see more homeowners willing to list their properties. This is good news for buyers and sellers, as it could help normalize the market and ease the upward pressure on prices.

3. Mid-Range Buyers Could Benefit Most 
While Aspen's ultra-luxury segment tends to be less affected by mortgage rate changes, the Fed’s cut could open doors for more mid-range buyers—those looking for primary homes or vacation properties in Snowmass, Basalt, or Carbondale. These buyers rely more heavily on financing, and their purchasing power increases as rates continue to decline. This could drive more transactions in this segment, bringing further balance to our local market.

4. A Boost for Local Development
Lower interest rates can also benefit developers, particularly those working on new residential and commercial projects. Financing costs for construction could drop, making it more feasible for developers to push forward on projects. For Aspen and Snowmass, where demand for both high-end homes and investment properties continues to grow, this could mean more new builds, further enhancing the vibrancy of our local economy.

5. Looking Ahead: What to Expect
While the immediate impact on mortgage rates may not be dramatic, experts anticipate that if the Fed follows through with more interest rate cuts later in the year, we should see a gradual reduction in mortgage rates. For those considering refinancing or purchasing property, this is an excellent time to stay informed and be prepared to act as conditions become even more favorable.

In summary, the Fed’s aggressive rate cut provides an opportunity for buyers and sellers in Aspen, Snowmass, and the Roaring Fork Valley. With improved financing conditions on the horizon, we expect increased market activity and a potential uptick in listings, making the coming months an exciting time for real estate.

If you or someone you know is interested in this fantastic market, please let me put my mountains of experience to work for you.

– Sally Shiekman Read Less

A successful lawsuit against the National Association of Realtors has shifted how commissions are represented in real estate purchase agreements. Here’s what you need to know.

Commissions: Up for Discussion?
Real estate commissions have never been set in stone. Traditionally, these commissions were paid by the seller upon closing and were split between the buyer's and seller's brokers. Factors such as the property's price, market conditions, the level of service, marketing efforts, and the agent’s expertise have always played a role in negotiating these fees. The recent changes in commission structure further emphasize the importance of negotiation, making it even more crucial for buyers and sellers.

The New Commission Structure
While contracts in every state may differ, in Colorado, there is now a clause in the contract that indicates who will pay the buyer’s broker’s compensation and how much the buyer’s broker will be compensated. It’s still possible to negotiate that the seller pays the buyer’s broker’s commission. However, if the seller isn’t willing to compensate the buyer’s broker, this could affect buyers, especially those who can’t pay cash and need financing to purchase the property. If the buyer's broker's commission isn’t part of the deal and Quick read more or view full article the buyer is obtaining financing, the buyer's broker’s commission cannot be rolled into the loan. As a result, buyers must come up with additional funds to pay their broker. This shift requires careful financial planning and a clear understanding of the transaction's nuances. For instance, negotiating a lower purchase price might allow buyers to cover their broker’s commission out-of-pocket, and cash offers that don’t require financing could streamline the process. 

Why Sellers Should Still Pay Both Commissions
Despite these changes, there is still a strategic advantage for most sellers to continue covering both the seller’s and the buyer’s broker’s compensation. Why? Because doing so incentivizes buyer’s brokers to show the property, increases the buyer pool for the property, makes the property more appealing, eases the financial burden on buyers and increases the likelihood of a quick and smooth sale. In a competitive market, this can be a crucial factor in attracting top-notch buyers.
Covering both commissions also simplifies the transaction process, sparing buyers the need to secure extra funds. This convenience can be a significant advantage in a market where ease of transaction can make all the difference.

The Bottom Line
The new commission structure introduces new financial considerations. Buyers may now need to budget for their broker's compensation separately, which could impact their purchasing power. Despite these changes, paying both commissions remains a reassuring approach that benefits both buyers and sellers, providing stability and clarity in these evolving times.

Navigating this new era of real estate requires staying informed and adaptable. With the right approach, these changes can be managed to your advantage. I strongly recommend seeking professional advice to understand and navigate these changes entirely. If you or someone you know is looking to buy or sell real estate in Aspen, Snowmass, or the Roaring Fork Valley, please contact me at 970-948-7530 and let me put my Mountains of Experience to work for you. Read Less

Concerns about a potential downturn in the real estate market are growing. Here’s a look at the key factors and predictions for the remaining 2024 year and how they compare to what's happening in Aspen.

National Perspective:

Interest rates and elections have a complex relationship. Historically, rates don’t consistently drop during election years, as the Federal Reserve bases its decisions on economic conditions rather than politics. For 2024, expected interest rate decreases have not yet occurred, affecting the broader market more than the luxury segment.

The National Association of Realtors (NAR) expects housing sales to increase by 13% in 2024, with existing home prices rising by 2.6% by August. Housing inventory remains low, 36% below pre-COVID levels, which could increase prices if interest rates don’t drop. High mortgage rates and slow inflation cooling have delayed potential rate cuts, adding to market challenges.

Experts overwhelmingly say that a housing market crash is unlikely in 2024. The lack of supply, a lingering effect of the last housing crash, prevents prices from falling significantly. Mortgage rates are expected to fall this year as inflation continues to slow, and the Federal Reserve potentially eases its monetary policy. Lower rates make homeownership more affordable and stimulate market activity.

According to a recent report by Quick read more or view full article Forbes Advisor, the challenging housing market has many would-be buyers wondering if home prices will ever go down. However, despite high mortgage rates and prices, home prices increased by 6.49% year-over-year in March 2024. Experts believe that a market crash remains unlikely unless there is a significant increase in supply or a major economic downturn.

In Colorado, Arizona, Texas, Florida, and Tennessee, which experienced a housing boom during the COVID-19 pandemic, the market is now seeing increasing inventory and price cuts. According to Reventure CEO Nick Gerli, up to 30% of the properties in this market are experiencing price cuts. This could signal a shift from a seller's market to a buyer's market in those regions.

Aspen Area Perspective

The luxury real estate market in Aspen is not just thriving; it's booming. High-net-worth individuals and investors continue to seek properties here, driven by Aspen's unique appeal as a premier destination for both winter and summer activities. Unlike the national market, Aspen's buyers are less affected by interest rate fluctuations and often pay with cash, a unique aspect that sets it apart.

Aspen faces a significant inventory shortage, with even more pronounced scarcity due to limited land for new developments and strict zoning regulations. This keeps prices high and competitive. While national home prices are expected to rise modestly, Aspen has seen more substantial increases due to its desirability and the influx of affluent buyers.

Preparing for Market Challenges

For buyers in Aspen, flexibility and understanding the market's competitive nature are crucial. Getting pre-approved for a mortgage can provide a competitive edge, even if it is not strictly necessary.

Sellers should maintain their homes well and work with local agents who understand Aspen's market dynamics. Pricing competitively based on current conditions and comparable properties will help attract serious buyers quickly.

In conclusion, navigating a potential real estate downturn requires staying informed and strategic. While national trends provide a broad overview, Aspen's unique market highlights the importance of localized insights. Buyers and sellers can make the best decisions in this complex landscape by leveraging expert analysis and staying attuned to national and local trends. If you or someone you know has real estate interest in Aspen, Snowmass, or the Roaring Fork Valley, please contact me, Sally Shiekman, at 970-948-7530 or visit me online at www.sallyshiekman.com. Your proactive approach can make a significant difference in this dynamic market. Read Less

With an extensive real estate career spanning over 32 years in Aspen, Snowmass, and the Roaring Fork Valley, I am no stranger to the industry's evolution. However, the current surge of technological advancements, particularly in artificial intelligence (AI), augmented reality (AR), and the broader digital transformation, is set to be the most revolutionary. Here are just a few ways these technologies are reshaping our industry.

Embracing Future Technologies: AI and AR
 
Integrating AI and AR in real estate is not just a trend but a game-changer. AI, for instance, revolutionizes various aspects of real estate services, from devising marketing strategies and messaging to virtual staging and lead management. This technology empowers us to work more efficiently, allowing for personalized and effective client services painting a bright future for the industry. Future iterations of AI will be used, for example, to predict the best locations to invest.

AR offers potential buyers an immersive experience by layering computer-generated images over real-world views. This magic lets clients visualize properties interactively, making virtual tours more engaging. These technologies represent the future of real estate marketing and client interactions.

The Digital Transformation of Real Estate

The digital revolution in Quick read more or view full article our industry is in full swing, with more elements of the home-buying process transitioning online. Many platforms have sprung up, facilitating seamless connections between buyers and sellers. Features like 3D home tours, drone videos, and virtual staging have become indispensable tools, offering clients a comprehensive and convenient experience.

Moreover, the mortgage application process is nearly entirely online, simplifying one of the most complex parts of buying a home. This digital-first approach enhances efficiency and makes the real estate market more accessible to a broader audience, empowering us with information and convenience and keeping us well-informed about the market.

Why Technology Integration is Crucial

Integrating AI, AR, and other digital tools is more than a trend; it's a necessity for real estate professionals to stay relevant and competitive. These technologies enhance our ability to serve clients effectively, streamline operations, and make informed decisions. While not all these technologies are fully implemented at Aspen Snowmass Sotheby's International Realty, they represent the industry's direction, motivating us to adapt and stay ahead and inspiring a sense of healthy competition.

For real estate professionals, embracing these advancements means being at the forefront of industry evolution to be better equipped to meet evolving client demands. It allows us to provide a level of service that aligns with modern expectations of convenience, accuracy, efficiency, and accessibility.

The technological transformation of real estate is the most relevant and important topic today. As we integrate these advancements, we can look forward to a more dynamic, efficient, and customer-centric market.

Stay tuned for more insights and updates from the Aspen real estate market. If you, or someone you know, would like more information about this fantastic region, please call me at 970-948-7530.

Warm regards,

Sally Shiekman,
Aspen Realtor with Mountains of Experience
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