Aspen Condos & Townhomes: A Market Defined by Precision and Pricing Power
From 2024 to 2025, one of the clearest signals of strength in Aspen real estate has emerged from the condo and townhome segment—specifically in price per square foot, a metric that continues to carry outsized importance in this market.
In many U.S. and international markets, price per square foot is viewed as a rough reference point at best. In Aspen, however, it functions as a reliable indicator of demand, product quality, and buyer conviction—and recent data underscores that point.
The average condo or townhome sold in 2024 at just over $3,100 per square foot. In 2025, that figure rose to above $3,300 per square foot, marking a year-over-year increase exceeding 6%. At these price levels, that appreciation reflects more than market noise—it signals sustained buyer confidence.
Naturally, Aspen pricing is nuanced. Values are shaped by location—whether at the base of Aspen Mountain or within the downtown core—as well as views, parking, floor plans, and architectural pedigree. Yet one factor is increasingly decisive: finish quality and condition.
Recent closings reveal a consistent trend. Properties that traded efficiently—and often at or near asking—were not aspirationally priced or dated. Instead, buyers gravitated toward residences that were realistically priced and thoughtfully updated, offering modern finishes that align with today’s luxury expectations.
In short, the Aspen condo and townhome market is rewarding precision. Sellers who understand where value truly lies are seeing strong results, while buyers continue to validate the market’s upward trajectory.
In a market that rewards precision, understanding where value is moving matters. Let’s talk about what today’s numbers mean for your Aspen strategy.
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