In the second quarter of 2021, our real estate market updates continued to show increases in pricing and a drop in inventory. Why? Because buyers, second homeowners, and investors alike, all find Aspen and the Roaring Fork Valley a desirable place to be.
Numbers in Perspective Aspen Single-Family Home Inventory
June 2019
Over a 19 Month Supply of Inventory
June 2020
Over a 21 Month Supply of Inventory
Today
3 Month Supply of Inventory
What Is The Housing Market Forecast For The Remainder of 2021?
Many question whether this is a housing bubble and if it will pop. We are not certain, but absent any unanticipated global event, the consensus of local advisors is that the high-demand and short supply of housing is here to stay for the balance of 2021.
If you have considered selling, now may be a time to obtain a market analysis of your property.
We have provided detailed real estate market updates for each major area of the Roaring Fork Valley. Shown below, click the reports below to view year-over-year quarter two market reports from 2018 to 2021.
SIGNIFICANT SALES IN SECOND QUARTER
From Five Years To Two Years
4725 Capitol Creek Road
Snowmass | Colorado
$9,950,000 | 310 Acres
Listed & Sold By // Erik Berg & Carol Dopkin
The Capitol Creek property was sold in only 2 years –and had previously been listed for 5 years unsuccessfully. Totaling 310 acres, it was listed as 5 separate lots or as one piece of land – totaling 310 acres. However, the ranch was ultimately sold all together through unique marketing techniques. These techniques included a website, short film, and architectural plans that helped future buyers envision the land’s potential.
A True One of a Kind
303 Park Meadow Lane
Carbondale | Colorado
$3,675,000 | 38+ Acres
Listed & Sold By // Erik Cavarra
Spring Park Meadows Ranch is a true one-of-a-kind property that catered to the equestrian enthusiast. Because of the prime, flat land, riding arena, and barn, a horse-lover could not simply turn this one down. The marketing approach to capture the beauty was done through a video production that included staging by local actors, and a local valley resident along with her horses. All said and done, the significance of this sale, was seeking out a very specific buyer by targeting advertisements towards an equestrian.
36 Lots in 47 Days
Stotts Mill
Basalt | Colorado
$195,000 – $525,000
Listed & Sold By // Stefan Peirson
“Mindful Living on The Rio Grande”
The Stotts Mill community is perfect for what the valley needed: lots offered under an acre in size and affordable enough to build something more manageable. Above all, it is surrounded by open space –making it supremely desirable. With a marketing campaign inspired by the mountain lifestyle, this mid-valley neighborhood sparked curiosity and interest in buyers. Stott’s Mill: creating a lifestyle around living greener, living smarter, and living better.
