Mason Morse Blog


Archive for June, 2012
The Estin Report Aspen Snowmass Weekly Real Estate Sales & Stats: Closed (5) and Under Contract (5): June 10 -17, 2012

Coldwell Banker Mason Morse Aspen broker Tim Estin’s complete post on the prior week’s Aspen property sales is released Monday mornings at his website and at times during the week.  The Estin Reports: State of the Aspen Market  are available there also. These CBMM postings are condensed. For the latest Aspen real estate news, sales statistics and market activity, follow him on twitter @EstinAspenHe welcomes your inquiries, comments and business. Call 970.920.7387 or email: testin@masonmore.com

Last Week’s Market Highlights -  Aspen Snowmass real estate weekly sales statistics and under contract activity appears below for all Aspen, Snowmass Village, Woody Creek and Old Snowmass properties over $250,000 in the upper Roaring Fork Valley excluding fractionals. Because the MLS links below expire after 30 days, photos and written descriptions of closed properties with excellent photography are posted here to preserve a public archive of sold market activity. For past sales, scroll to page bottom and search by time period.

Last Week’s Activity

Under Contract / Pending (5): MLS #: 122841, 125022, 124787, 97218, 124595. This link is valid for 30 days until 07/17/2012. Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate.

Closed (5): MLS # 120322, 124415, 123238, 118417, 118234: . This link is valid for 30 days until 07/17/2012.

Select Aspen Solds Last Week

MLS #120322 – Aspen, East Aspen single family lot, 44971 Highway 82, Aspen, CO: Sold Price: $2,400,000. More details below photos

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MLS #120322 – Aspen, East Aspen single family lot, 44971 Highway 82, Aspen, CO: Sold Price: $2,400,000; Asking Price: $2,850,000. (Original Price: $4,995,000 and 1,331 days on the market since 10/19/2008.) This is a 2.22 acre single family wooded parcel with an older main house and guest house. Broker comments are, “Beautiful East Aspen property, with direct views of Mc Farlan Gulch and Walsh’s. Private lot with water rights and mature landscaping. TDR receiver site. Two dwellings on the property, main house and guest house, currently rented for $3,500/mo. on a month to month basis. Please set up showing, Toby the yellow lab will greet you vigorously, suggest parking in first spot and walking up.” 2011 Taxes: $5,408; HOA Dues: TBD. Under Contract Date: 05/18/2012; Sold Date: 06/08/2012. (Photos and broker comments courtesy of Coldwell Banker Mason Morse.)

MLS #124415 – Aspen, Central Core, Le Votaux condo, 117 N. Monarch Street #2, Aspen, CO: Sold Price: $2,100,000/$1,090 sq ft furnished. More details below photos.  

MLS #124415 – Aspen, Central Core, Le Votaux condo, 117 N. Monarch Street #2, Aspen, CO: Sold Price: $2,100,000/$1,090 sq ft furnished; Asking Price: $2,195,000. (Original Price: $3,695,000 and 1,583 days on the market since 02/12/2008.) This is a 1971 built/2006 remodeled, 4 bedroom/3 bath, 1,926 sq ft condo. Broker comments are, “Top floor penthouse style four bedroom three bathroom condo. Unobstructed views of Aspen Mountain, a sweet outdoor deck and back yard space, high ceilings, new kitchen, off street parking and floor to ceiling south facing windows. Walk to everything; shopping, dining, the slopes, hiking trails, and the music tent. HOA dues include: Insurance, snow removal, landscaping, gas, sewer, trash removal, repairs and maintenance, and heating. Perfect for your Aspen ski getaway or summer retreat.” 2011 Taxes: $4,499; HOA Dues: $600 Mo. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/24/2012; Sold Date: 06/13/2012. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

Disclaimer:  The statements made in The Estin Report and on Tim Estin’s blog represent the opinions of the author not Coldwell Banker Mason Morse. Real Estate. They should not be relied upon exclusively to make real estate decisions. A potential buyer and/or seller is advised to make an independent investigation of the market and of each property before deciding to purchase or to sell. To the extent the statements made herein report facts or conclusions taken from other sources, the information is believed by the author to be reliable,  however, the author makes no guarantee concerning the accuracy of the facts and conclusions reported herein. Information concerning particular real estate opportunities can be requested from Tim Estin at  970.920.7387 or testin@masonmorse.com. The Estin Report is copyrighted 2012 and all rights reserved. Use is permitted subject to the following attribution: “The Estin Report: State of the Aspen Market, By Aspen broker Tim Estin, mba, gri.”

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The Estin Report: Aspen Snowmass May 2012 Real Estate Market Snapshot & Weekly Sales and Statistics: Closed (3) and Under Contract (6): May 27 – June 03, 2012

Coldwell Banker Mason Morse Aspen broker Tim Estin’s complete post on the prior week’s Aspen property sales is released Monday mornings at his website and at times during the week.  The Estin Reports: State of the Aspen Market  are available there also. These CBMM postings are condensed. For the latest Aspen real estate news, sales statistics and market activity, follow him on twitter @EstinAspen. He welcomes your inquiries, comments and business. Call 970.920.7387 or email: testin@masonmore.com

Last Week’s Market Highlights - Aspen Snowmass real estate weekly sales statistics and under contract activity appears below for all Aspen, Snowmass Village, Woody Creek and Old Snowmass properties over $250,000 in the upper Roaring Fork Valley excluding fractionals. Because the MLS links below expire after 30 days, photos and written descriptions of closed properties with excellent photography are posted here to preserve a public archive of sold market activity. For past sales, scroll to page bottom and search by time period.

Market Commentary: The Estin Report: May 2012 Aspen Snowmass Monthly Snapshot (link to Charts and Tables). Monthly snapshots are published the first Monday of each month. Scroll down page for last week’s sales activity.

Click image for  2012 YTD Monthly Comparison Chart and Tables

Summary Comparison
May 2012 vs May 2011
(Now vs Then, Year over Year)



Total Aspen* Snowmass Market

  • Unit Sales: up 4%%, 24 sales now vs 23 sales then
  • Year-to-Date Unit Sales: -12%, 151 sales now vs 172 then
  • Dollar Volume: down -28%, $72M now vs $101M then
  • Year-to-Date Dollar Volume: down -25%, $338M now vs $449M then
  • Listing Inventory: fell –5%, 1,073 properties for sale now vs 1,135 then

Aspen* Market

  • Unit Sales: up –11%, 21 sales now vs 19 sales then
  • Year-to-Date Unit Sales: -9%, 86 sales now vs 95 then
  • Dollar Volume: down –30%, $68M now vs $98M then
  • Year-to-Date Dollar Volume: -27%, $277M now vs $379M then
  • Listing Inventory: down –12%, 536 properties for sale now, 607 then


Snowmass Market

  • Unit Sales: down –25%, 3 sales now vs 4 sales then
  • Year-to-Date Unit Sales: -13%, 34 sales now vs 39 then
  • Dollar Volume: up 40%, $3.9M now vs $2.8M then
  • Year-to-Date Dollar Volume: down -13%, $61M now vs $70M then
  • Listing Inventory: up 3%, 283 properties for sale now, 276 then


* Aspen includes Aspen, Woody Creek and Old Snowmass.

The Estin Report: Q1 2012 State of the Aspen Market Published 4/22/12

Click image for executive summary and full report pdf


Last Week’s Activity



Under Contract / Pending (6):
MLS #: 115206, 122813, 112494, 125524, 123238, 123429. This link is valid for 30 days until 07/03/2012. Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate.


Closed (3): MLS #: 113441, 122908, 104791. This link is valid for 30 days until 07/03/2012.


Select Aspen Vacant Lots Sold Last Week


MLS #113441 – Aspen, McLain Flats single family lot, 455 Sunnyside Lane, Aspen, CO: Sold Price $4,000,000. More details below photos.

MLS #113441 – Aspen, McLain Flats single family lot, 455 Sunnyside Lane, Aspen, CO: Sold Price $4,000,000; Asking Price: $5,900,000. (Original Price: $7,900,000 and 1,510 days on the market since 04/03/2007.) This is a 4.9 acre single family lot located close to downtown Aspen. Broker comments are, “Best acreage minutes from downtown Aspen. Approved for 15,000 sqft. This parcel features year round spring water, all day sun, panoramic views of all four ski resorts, end of road privacy. Adjudicated rights for 2 separate ponds. Feels like Starwood without the drive. Owner available to work with clients to plan and build a proven high end neighborhood home.” 2011 Taxes: $30,937. Under Contract Date: 04/13/2012; Sold Date: 04/13/2012. (Photos and broker comments courtesy of Bob Bowden Properties.)


MLS #104791 – Woody Creek, Woody Creek single family lot, TBD Wood Creek Road, Woody Creek, CO: Sold Price: $3,000,000. More details below photos.

MLS #104791 – Woody Creek, Woody Creek single family lot, TBD Wood Creek Road, Woody Creek, CO: Sold Price: $3,000,000/$30,000 ac; Asking Price: $4,200,000. (Original Price: $4,700,000 and 1,490 days on the market since 05/01/2008.) This is a one hundred acre single family lot located above the town of Woody Creek. Broker comments are, “Newly-created lots vested until April 9, 2013. 5750 FAR, or 7500 FAR with one TDR (TDR not included). Huge views, water rights, irrigated meadows, simple protective covenants, dogs allowed, exclusions. Very rare property located above Compass School. Purchase both Parcels 1 and 2 (MLS #104789) at the same time for a reduced package price, $6,900,000. 2011 Taxes: $18,899. Under Contract Date: 07/01/2011; Sold Date: 05/30/2012. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

Disclaimer:  The statements made in The Estin Report and on Tim Estin’s blog represent the opinions of the author not Coldwell Banker Mason Morse. Real Estate. They should not be relied upon exclusively to make real estate decisions. A potential buyer and/or seller is advised to make an independent investigation of the market and of each property before deciding to purchase or to sell. To the extent the statements made herein report facts or conclusions taken from other sources, the information is believed by the author to be reliable,  however, the author makes no guarantee concerning the accuracy of the facts and conclusions reported herein. Information concerning particular real estate opportunities can be requested from Tim Estin at  970.920.7387 or testin@masonmorse.com. The Estin Report is copyrighted 2012 and all rights reserved. Use is permitted subject to the following attribution: “The Estin Report: State of the Aspen Market, By Aspen broker Tim Estin, mba, gri.”

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