Ridge Run Market Update
Ridge Run has always been an exceptional place to own in Snowmass Village. See below how this neighborhood compared to the other Snowmass Village single-family home real estate activity. 
The “interesting” real estate market continues in Snowmass Village. There are 24 active single-family listings (4 of those are under contract) in Snowmass Village as of April 1, 2023 and they have a median price of $8,972,000. The 7 single-family homes that sold between January 1-April 1, 2023 have a median price of $4,900,000. There are 10 homes listed for sale above $10 million, and only one home that sold over $10 million since January 1st. Sellers continue to ask for a premium on properties and are willing to wait for the right price.
In regard to Ridge Run Subdivision as of April 1, there are 5 active single-family listings and 2 under contract. There has been 1 sale in the past six months which sold for $5,800,000 (83% of asking price). The 2 properties under contract have a median asking price of $5,347,000, and are scheduled to close in mid-April and mid-May.
Effective pricing, a marketing plan, and timing based on the Seller’s desires are key factors to a successful real estate transaction. Each owner has different goals in mind, so building a listing strategy with those goals in mind is imperative.
Our approach is FIRST to advise our clients on the market and SECOND act when the timing is right for them. Let me know if you want to discuss further the market and how it pertains to you directly. I hope this information provided is valuable to you now and in the future. Now may NOT be the time to sell your Snowmass home, but now you KNOW your neighborhood’s current market. Contact me if you want more details about the current market or an opinion of value for your property.