Aspen Real Estate Intelligence

The Ernemann
Report

Independent market intelligence and perspective on Aspen & Snowmass real estate.

20+ Years

Analyzing the Aspen
Real Estate Market

$2B+

Transaction
Experience

Former President
& CEO

Aspen Snowmass Sotheby’s
International Realty

Stanford +
McKinsey & Co.

Experience that
matters

Aspen Native

Lifelong local
perspective

What Matters Now

Key Takeaways from November 2026

Aspen Sales Rebound

Aspen single-family sales reached 63 YTD versus 62 last year, completing a sharp recovery from the early-year deficit.

Buyers Gain Leverage

Average sale discounts widened to 7.7% from 6.2% in 2025, while Aspen and Snowmass $/SF both remain below 2025 averages.

Snowmass Remains Softer

Snowmass single-family sales are 19 YTD versus 30 last year, a 36.7% decline even as Aspen moved slightly ahead of 2025.

Explore Previous Reports

October 2026 Aspen’s sales gap closed, but forward indicators remained softer. View Report →

Deep Dive Wall Street Moves First — what stock-market drawdowns can tell us about Aspen pricing. View Report →

Deep Dive Aspen Didn't Plummet — a closer look at the data behind the headlines. View Report →

About Andrew Ernemann

Andrew Ernemann is a 20+ year real estate advisor with more than $2 billion in transaction experience and more than two decades of market analysis.

Former President & CEO of Aspen Snowmass Sotheby’s International Realty and trusted advisor to clients navigating significant real estate decisions.

Real Estate Advisory

I advise clients on significant, discreet real estate decisions—acquisitions, dispositions, valuation, negotiation, and investment strategy.

Independent guidance. Deep market knowledge. Aligned with your interests.

The Ernemann Report delivers Aspen real estate intelligence and perspective you won’t find elsewhere.