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Real Estate

Aspen’s Mansion Market Is Cooling Right as the Buying Season Starts

But don’t expect a bargain.

A five-bedroom house in downtown Aspen is on the market for $34 million.

A five-bedroom house in downtown Aspen is on the market for $34 million.

Source: Haldeman Banner Team, Christie’s International Real Estate

It took about a month for brokers to realize that Aspen’s white-hot market had cooled.

“We’ve definitely had the first true off-season since Covid,” says Jennifer Banner, a broker at Christie’s International Real Estate Aspen Snowmass. “Over the last two years it was busy through May and June. This year it was quiet.” That was her first indication of a return to a normal market rhythm.