Aspen is five times Denver market

(Photo provided by Ryan Bonneau) This home sold for $18.9 million this year, the most ever paid for a house in Telluride’s Mountain Village. A list of pricey homes complied by The Agency, a global, boutique real estate brokerage, shows high mortgages didn’t slow the luxury home market in Colorado in 2023.

The news of potential interest rate cuts next year could leave would-be homebuyers with visions of lower mortgage rates dancing in their heads. But it’s too late to take advantage of more favorable terms on that $13 million house in Boulder or the $14.7 million, nine-bedroom home in Golden.

Those two made the list of some of the priciest home sales across the state in 2023, a year in which higher mortgages certainly didn’t hinder the luxury home market.

There’s luxury, and then there’s Aspen luxury.

The most expensive property on the list compiled by The Agency, a global, boutique real estate brokerage, sold for $76 million, five time the amount of the home in Golden. The 21,500-square-foot home in Aspen comes with ski-in access from Aspen Mountain, a swimming pool, a bowling alley and seven bedrooms.

The second-priciest home sold this year in the tony mountain enclave, at $65 million, is just a few hundred yards from the Aspen Mountain Gondola with “greater than a football field of true ski-in, ski-out ski access,” the listing said.

“The remarkable growth in transactions for residences valued at $30 million and more in Aspen is a result of limited inventory and stringent building constraints, fueling a resilient luxury real estate sector,” Heather Sinclair of The Agency said in an email.

Roughly 200 miles south of Aspen in Telluride, low inventory levels also drove up prices for high-end homes.

“The luxury market for Telluride is now defined as those residences which sell for over $10 million, up from $6 million only a few years ago,” said  Stewart Seeligson, managing partner for The Agency in Telluride.

A home listed with Seeligson was the most expensive sale this year in Telluride at $18.9 million. The sale was the highest-ever in the ski resort’s Mountain Village in terms of closing price and price per square foot at $2,400.

In metro Denver, a house in Golden fetched the top price of $14.7 million. The two-level, 16,829-square-foot house has nine bedrooms and 10 bathrooms. A house in northwest Boulder topped the list of the city’s most expensive sales, coming in at $13 million for the six-bedroom, 7,307-square-foot building.