January in Aspen

The McLaughlin Team

The McLaughlin Team

2023 Market in Review

Happy January! We hope that you had an incredible holiday. We have been anxiously awaiting year-over-year stats for 2023 and are pleased to share the data with you. There is a lot to glean from these stats relative to the investment potential in Aspen; even in a year that saw a national pullback on investing in residential real estate due to successive and very aggressive rate hikes. While the volume in trading in Aspen proper was down 4 percent, there was no effective change year over year on a price-per-square-foot basis. Luxury condo sales in Aspen (and by this term, we mean new/er developments with high-end finishes and amenities) were up by 4 percent in Aspen. While 1-2 bedroom condos that are more dated saw successive price reductions, the meaning takeaway on the condo stat below is that buyers will still pay record prices for new/”done”/and highly stylized construction. The hassle factor, time, and expense of building are untenable for most, so those willing to develop and sell are still being handsomely rewarded for their efforts.

Not surprising is the meteoric rise in Snowmass in the past year. This includes the volume of trading (up 23 percent), the price per square foot (up 6 percent), and the average condo price (up 9 percent). The Snowmass market deserves the bounce it’s getting for so many reasons. It’s a mere 15-minute drive with easy transportation in and out of Aspen vis-a-vis bus routes. 

Basalt and Carbondale continue to benefit from sellers in the Aspen core investing to get more for their money in relation to square footage, acreage, and oftentimes, new/er construction at relative discount pricing. Basalt's dollar volume is up 28 percent year over year, with the average price of a single-family home up 30 percent! Carbondale had a 17 percent rise in single-family dwelling prices year over year. We anticipate this trend to continue into 2024 in Aspen and all surrounding communities given the stability of the economy, anticipated rate cuts, and reduced concern around an imminent recession. 

Real estate is a data-driven business. We would be delighted to connect with you for any questions or comments you may have about these 2023 stats. 

Aspen and Snowmass

Old Snowmass and Woody Creek

Basalt and Carbondale

Successful Sale Spotlight


Mike Furlong

The McLaughlin Team x CNBC


The McLaughlin Team x CNBC

January in Aspen & Beyond


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Our Exclusive Sales

220 Draw Drive
Aspen, Colorado
Sold for $8,007,500

5 Bedrooms • 5 Bathrooms • Red Mountain

This home sits on an extraordinary Red Mountain Lot that includes a wooded hillside with Aspen and Oak trees and is surrounded by beautiful views. Located on the lower part of Red Mountain, it is a quick and easy drive into Aspen.

Represented the Buyer

220 Draw

94 Sinclair Lane
Snowmass Village, Colorado
Sold for $4,800,000

4 Bedrooms • 3 Bathrooms • Off-Market

This beautiful residence, located in the heart of Snowmass Village, is the perfect place to call home in the summer, and the winter. Just minutes from the ski slopes, and the golf course, there is endless access to all that Snowmass has to offer.

Represented the Buyer

94 Sinclair

507 West Main Street Unit C-201
Aspen, Colorado
Sold for $4,000,000

3 Bedrooms • 3 Bathrooms • Turn-Key

Located only a few short blocks from downtown Aspen, restaurant row, and the Gondola, this luxury turn-key condo has an open floor plan, vaulted ceilings, and tremendous views of both Shadow Mountain and Aspen Mountain.

Represented the Buyer

507 West Main

139 Fisher Creek
Missouri Heights, Colorado
Sold for $2,950,000

3 Bedrooms • 4 Bathrooms • Two Stall Barn

This picturesque home is nestled on a 4 acre lot within the Ranch at Coulter Creek. Step inside and be captivated by the open floor plan, soaring ceilings, and breathtaking panoramic vistas that greet you from every room.

Represented the Buyer

139 Fisher Creek

102 Evans Road Unit 206
Basalt, Colorado
Sold for $1,100,000

1 Bedrooms • 1 Bathrooms • Park Modern

102 Park Modern offers beautiful open space views, with a very open floorplan. We love the investment potential at Park Modern and would love to tell you more about this incredible development that has had skyrocketing appreciation.

Represented the Buyer

102 Evans

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