The Aspen Woods real estate market continues its balanced trajectory into February 2026. After years of rapid appreciation, we're seeing sustainable conditions that favor strategic buyers and well-prepared sellers alike. This month's data confirms what I've observed on the ground: quality homes in prime locations still command premium prices, while the overall market offers more opportunity than we've seen since 2021.
As your local Aspen Woods specialist, I analyze these numbers monthly to help clients make confident decisions. Whether you're considering buying or selling, understanding the current landscape is essential.
February 2026 Market Snapshot
Here's where Aspen Woods stands heading into spring:
Property Type Performance:
- Detached Homes: Benchmark $1,221,700 | 4 sales YTD | -0.2% Y/Y
- Row/Townhomes: Benchmark $519,800 | 1 sales YTD | -2.9% Y/Y
- Apartments: Benchmark $403,000 | 1 sales YTD | -6.9% Y/Y
Five-Year Price Trajectory
Understanding where prices have been helps contextualize today's market. Aspen Woods experienced remarkable appreciation from 2020-2024:
| Year | Benchmark | Change |
|---|---|---|
| 2020 | $655,500 | - |
| 2021 | $727,067 | 10.9% |
| 2022 | $818,567 | 12.6% |
| 2023 | $850,175 | 3.9% |
| 2024 | $888,633 | 4.5% |
| 2025 | $851,617 | -4.2% |
| 2026 | $824,900 | -3.1% |
The 2025 moderation represents a healthy stabilization after 30%+ cumulative growth from 2020-2024. This isn't a market in decline—it's a market finding equilibrium after an exceptional run.
Real-Time Market Activity by Price Segment
Beyond the headline numbers, here's what's actually happening on the ground right now. This analysis covers all 36 listings from the past 45 days—what's active, what's pending, and what's sold.
Condos & Apartments (Under $400K)
- Price range: $260K–$385K (1-2 bed units)
- Sale price vs. asking: 97.7%–99.3% (expect 1–2.5% below list)
- Hot spots: Aspenmont Heights units moving faster than Aspen Stone Boulevard
- Reality check: Some units sitting 100–155 days—pricing is critical
Townhouses ($485K–$625K)
- Price range: $485K–$625K (2-3 bed, 1,100–1,500 sqft)
- Sale price vs. asking: 98.1%–99.7% (only 1–2% below list)
- Sweet spot: Ascot Circle and Aspen Hills areas seeing quick sales
- Key insight: Well-priced townhouses are the fastest-moving segment
Entry-Level Detached ($880K–$1.3M)
- Price range: $880K–$1.25M (4-5 bed, 2,100–2,900 sqft)
- Sale price vs. asking: 100%–107.8% (at or ABOVE asking!)
- Standout sale: 141 Aspen Glen Place sold for $1.375M—7.8% over asking in just 4 days
- Key insight: This is the most competitive segment. Well-priced homes here still attract multiple buyers.
Premium Detached ($1.3M–$2.2M)
- Price range: $1.3M–$2.2M (5-6 bed, 2,600–3,400 sqft)
- Sale price vs. asking: 94.2%–98.7% (expect 3–6% below list)
- Avg DOM: 32–66 days
- Key insight: Buyers have negotiating power here. Sellers must be strategic on pricing.
Luxury Estates ($2.5M+)
- Properties: Aspen Ridge Manor and Aspen Ridge Bay estates (4,200–4,600 sqft)
- Reality: Very limited buyer pool at this price point
- Key insight: Expect extended timelines and significant negotiation room
New Construction at 1700 73 Street
Three brand-new 2026-built luxury townhomes are currently listed at $1.32M–$1.51M. These 2,600+ sqft units represent a new premium product type in Aspen Woods—modern construction with the space of a detached home but lower maintenance.
What This Means for Buyers
February brings the best buying conditions Aspen Woods has seen in years. With 3.83 months of supply and a 40% sales-to-new-listings ratio, you have room to negotiate without the frenzy of 2022-2023. But the data reveals an important nuance: not all price segments behave the same way.
Best opportunities: Premium detached homes ($1.3M–$2.2M) are selling 3–6% below asking with 30–60+ days on market. Condos are seeing similar discounts but taking longer to move. If you're patient and strategic, there's negotiating room here.
Move quickly on: Entry-level detached ($880K–$1.3M) and well-priced townhouses ($485K–$625K) are still competitive. One recent home sold 7.8% over asking in 4 days. If you find something you love in these segments, don't wait.
View current Aspen Woods listings or learn more about the excellent schools that make this community special.
What This Means for Sellers
Your pricing strategy should be guided by your price segment, not general market averages. Here's the reality from the last 45 days:
- Under $1.3M detached: Price competitively and you could see offers at or above asking within days. This segment is still hot.
- $1.3M–$2.2M: Expect 3–6% negotiation and 30–60 days on market. Price realistically from day one to avoid chasing the market down.
- $2.5M+: Plan for an extended timeline (90+ days) and be prepared for significant negotiation. Staging and presentation matter even more here.
- Townhouses: Well-priced units under $540K are selling in 15 days at 98–99% of asking. A strong performer in the current market.
- Condos: Taking longer (50–150 days). Price aggressively if you need to sell quickly—competition is stiff and buyers have many options.
Curious what your home is worth in today's market? Get a free home valuation with current Aspen Woods data specific to your property type and price point.
Frequently Asked Questions
What is the average home price in Aspen Woods in February 2026?
The average price for single-family detached homes in Aspen Woods is $1,533,125 based on recent sales data. Townhomes average $616,892 and apartments average $372,263. The benchmark price across all residential property types is $824,900.
Is it a buyer's or seller's market in Aspen Woods right now?
With 3.83 months of supply, Aspen Woods is shifting toward more buyer-friendly conditions. However, it varies by segment: entry-level detached homes ($880K–$1.3M) still favor sellers with some homes selling over asking, while premium detached ($1.3M+) and condos offer more buyer negotiating power.
How quickly do homes sell in Aspen Woods?
It depends on the property type. Townhouses are selling fastest at ~15 days when priced right. Entry-level detached homes ($880K–$1.3M) average 15–25 days. Premium detached ($1.3M–$2.2M) take 32–66 days. Condos average 50–70 days, with some sitting 100+ days.
How much below asking price are homes selling in Aspen Woods?
It varies significantly by price point. Townhouses and entry-level detached are selling at 98–108% of asking (some over list!). Premium detached ($1.3M–$2.2M) typically sells 3–6% below asking. Condos sell 1–3% below asking but take longer to move.
What is the price trend for Aspen Woods homes?
Prices have moderated 5.7% year-over-year after significant appreciation from 2020-2024. The benchmark rose from $655,500 in 2020 to $888,633 in 2024 before the current stabilization. This represents a healthy correction rather than a market decline.
What drives home values in Aspen Woods?
Key value drivers include elite-rated private schools (Webber Academy 10/10 and Rundle College 9/10), proximity to downtown (14 minutes), mountain views from many properties, upscale Aspen Landing shopping, and the recently renovated Westside Recreation Centre.
Your Next Move
Every real estate decision is personal. Whether you're weighing a purchase, considering a sale, or simply curious about your home's current value, I'm here to provide honest, data-driven guidance specific to Aspen Woods.
Let's start a conversation—no pressure, just clear insights from someone who knows every street in this community. You can also explore the Aspen Woods community or browse local amenities.
Data source: CREB® / MLS® Data as of January 2026. Real-time activity data from MLS® listings as of February 11, 2026.