November's market data confirms what we've been observing throughout fall: pricing discipline is driving outcomes. Buyers remain selective, and properties that reflect current market realities are the ones generating traction.
Aspen single-family sales jumped to 9 closings in November at a median of $23.5M, though this figure was heavily influenced by several ultra-luxury transactions. Year-to-date, the median sits at $13.25M, up 6% from last year. The condo segment saw 7 closings at a median of $8.55M. Inventory remains elevated with 89 single-family homes and 62 condos available, continuing to favor prepared buyers.
Down-valley markets are showing similar patterns. Inventory has increased across Basalt, Carbondale, and Snowmass Village, creating more options for buyers. Snowmass Village's condo market stands out with inventory up 82% year-over-year, presenting compelling opportunities for those seeking value outside Aspen proper.
What's consistent across all segments: properties priced right are moving, often with multiple showings within days of hitting the market. Those testing the ceiling continue to sit. As we close out the year, sellers looking to transact are adjusting expectations, and buyers are ready to move when they see realistic pricing.
