August Real Estate stats - Roaring Fork Valley

The August stats were just released yesterday. It's typically the peak of the real estate season... Let's see what it looked like this year!

Main takeaways: Prices are down in Aspen from July last year, and up everywhere else.

The inventory is just as low as we've ever seen it.

Headline numbers:

- Median and average prices down 30% in Aspen

- Sold listings down 35% in the area

- ZERO sales in Snowmass Village last month!

- Rifle average price is up almost 50%

- Carbondale average price up 100+%

- Average price in Glenwood is almost a million Dollars, $991,451!

- New Castle's average sales price last month was $777,250!

Prices: The overall numbers show a decline of the average and median sales prices from July last year, but don't let it fool you: only Aspen followed that trend and the heavyweight of the valley dragged the overall numbers down. Basalt and Rifle outperformed any other towns in the valley during that period, and Carbondale saw a few big sales that helped push its numbers up.

Sales volume: Sales volume is down. Pending sales, new listings and sold listings are all down by 15 to 30% compared to last year in July. We were already operating on an extremely low inventory last year. It goes to show how tight the market is now. People are staying put, and it helps prices stay elevated in the current market conditions despite the affordability issue.

Let me know if you have any questions!