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 September 2026

Sales Activity Eases

Transaction activity has slowed, but the market continues to show resilience in pricing and seller behavior.

Pricing Remains Resilient

Limited supply, unique assets and disciplined sellers continue to support pricing across much of the market.

Inventory Continues to Rise

More listings are giving buyers additional choices and gradually easing some of the competitive pressure.

Explore Previous Reports

August 2026 Pricing resilience amid declining sales activity. 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.