THE ESTIN REPORT: STATE OF THE ASPEN MARKET 2011 YEAR AND 4TH QUARTER was released Jan. 9, 2011 at his website: EstinAspen

The Estin Report: State of the Aspen Market 2011 Year and 4th Quarter (draft pg 10)

THE ESTIN REPORT: STATE OF THE ASPEN MARKET 2011 YEAR AND 4TH QUARTER was released Jan. 9, 2011. Go to: EstinAspen.com

The Estin Report: State of the Aspen Market 2011 Year and 4th Quarter (draft pg 10)

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.

Under Contract / Pending (14): MLS# 111493, 110010, 116968, 121136, 123329, 109042, 98741, 119123, 123331, 122056, 104069, 122817, 123671, 120089 . This link is valid for 30 days until 2/22/2012. Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate.

Closed (3): MLS# 121694, 122814, 123309 . This link is valid for 30 days until 2/22//2012.

RELEASED JAN 9. 2011: THE ESTIN REPORT STATE OF THE ASPEN REAL ESTATE MARKET 2011 YEAR AND 4TH QUARTER

About this Report

This Aspen Snowmass real estate report documents sales activity for the 4th Quarter and full Year 2011 for the upper Roaring Fork Valley – Aspen, Snowmass Village, Woody Creek and Old Snowmass. Included property types are single family homes, condos, townhomes, duplexes and residential vacant land at sold at prices over $250,000. Fractionals are not included. The report compares  2011 to 2010, prior quarter and prior year quarter and historical data since 2004. There are three sections: Aspen/Snowmass total market, Aspen market (includes small Woody Creek and Old Snowmass areas) and Snowmass Village  market (the ski resort).  The source data is from the Aspen/Glenwood MLS.

Click image or link for executive summary and full report

The Estin Report: State of the Aspen Market 2011 Year and 4th Quarter

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.

Under Contract / Pending (7): MLS# 117190, 121716, 117262, 119761, 111786, 122237, 118333. This link is valid for 30 days until 2/14/2012. Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate.

Closed (7): MLS# 123321, 121326, 123293, 120286, 122519, 119280, 123354 . This link is valid for 30 days until 2/14//2012.

Select Aspen Solds Last Week:

MLS # 123321 – Aspen, Aspen Highlands single family home, 73 Thunderbowl Lane #10, Aspen, CO: Sold Price: $3,900,000/$669 sq ft furnished. More details below photos.

MLS # 123321 – Aspen, Aspen Highlands single family home, 73 Thunderbowl Lane #10, Aspen, CO: Sold Price: $3,900,000/$669 sq ft furnished; Ask Price: $4,350,000. (Original Price: $4,350,000 and 56 days on the market since 11/14/2011.) This is a 2007 built 5 bedroom/5 baths/2 half baths, 5,824 sq ft townhouse with 2 car garage. Broker comments are, “With 5824 sq ft of living space, this 5 bedroom property lives like a single-family home but has the convenience of townhouse. The unit has vaulted ceilings, beautiful tile and wood flooring, commercial grade appliances, a gourmet kitchen, a game room with wet bar, steam showers and a snow melt driveway. HOA fees include maintenance of the property’s exterior, use of the pool and gym at the Ritz Carlton Club, plus a limited free taxi service back and forth to town. A great home for both summer and winter.” 2010 Taxes: $27,607; HOA Dues: $5,746 Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/06/2012; Sold Date: 01/09/2012. (Photos and broker comments courtesy of Morris & Fyrwald, Sotheby’s Intl Realty.)

MLS #121326 – Aspen, West End duplex, 500 W. Smuggler, Aspen, CO: Sold Price: $2,200,000/$730 sq ft partially furnished. More details below photos.

MLS #121326 – Aspen, West End duplex, 500 W. Smuggler, Aspen, CO: Sold Price: $2,200,000/$730 sq ft partially furnished; Ask Price: $2,590,000. (Original Price: $3,567,000 and 968 days on the market since 05/27/2009.) This is a 1970 built/1999 remodeled, 5 bedroom/3 baths, 3,012 sq ft duplex with 1 car garage. Broker comments are, “West end gem two blocks from the Music Tent. Five bedroom duplex with full corner lot frontage, sunshine all day and stunning views of Aspen and Shadow mountains. Renovation completed in 2006 with top of the line hardware, appliances, cabinetry and finishes. Partially furnished and turn key.” 2010 Taxes: $5,228. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 11/28/2011; Sold Date: 1/10/2012. (Photos and broker comments courtesy of Morris & Frywald, Sotheby’s Intl Realty.)

Disclaimer:  The statements made in The Estin Report and on Tim Estin’s blog represent the opinions of the author not Mason Morse. 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.”

About this Report

This Aspen Snowmass real estate report documents sales activity for the 4th Quarter and full Year 2011 for the upper Roaring Fork Valley – Aspen, Snowmass Village, Woody Creek and Old Snowmass. Included property types are single family homes, condos, townhomes, duplexes and residential vacant land at sold at prices over $250,000. Fractionals are not included. The report compares  2011 to 2010, prior quarter and prior year quarter and historical data since 2004. There are three sections: Aspen/Snowmass total market, Aspen market (includes small Woody Creek and Old Snowmass areas) and Snowmass Village (the ski resort) market.  The source data is from the Aspen/Glenwood MLS.

Click image or link to full report pdf with charts and graphs

(An Index of Charts and Graphs is available on Pg 2 of the report.

Please contact Tim Estin for chart jpg images if desired.)

Executive Summary

Total Aspen Snowmass Market

Year over year, the 2011 total Aspen and Snowmass real estate market is up +15% in dollar sales and +25% in unit sales over 2010 due to the strength of the first half of the year.

Quarterly comparisons this year indicate a loss of momentum in the 2nd half of the year.

Q4 2011
• $176.3M (+13% from Q3 2011)
• 50 unit sales (no change from Q3 2011)

Q3 2011
• $156M dollar sales (-33% from Q2 2011)
• 50 unit sales (-9% from Q2 2011)

Q2 2011
• $233M dollar sales (+11% from Q1 2011)
• 55 unit sales (-2% from Q1 2011)

Q1 2011
• $209M dollar sales
• 56 unit sales

Whether this drop-off is temporary or longer lasting remains to be seen but positive macro economic news at the end of the 2011 bodes well for the beginning of the new year. However, the lack of snow in late December and early January is just one more element of uncertainty in the real estate mix to be considered.

Go to full Executive Summary and Report

Disclaimer:  The statements made in The Estin Report and on Tim Estin’s blog represent the opinions of the author not Mason Morse. 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.”

THE ESTIN REPORT:  STATE OF THE ASPEN MARKET 2011 YEAR AND 4TH QUARTER was released on Jan 9, 2011

The Estin Report: State of the Aspen Market 2011 Year and 4th Quarter (draft pg 10)

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.

Under Contract / Pending (6): MLS# 119104, 123293, 115037, 121869, 123632, 123321. This link is valid for 30 days until 2/07/2012. Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate.

Closed (5): MLS# 122030, 117227, 110186, 117007, 113457. This link is valid for 30 days until 2/07//2012.

Select Aspen Solds Last Week:

MLS #122030 – Aspen,  Historic West End single family home, 715 W. North Street, Aspen, CO: Sold Price: $4,632,157/$850 sq ft unfurnished. More details below photos.

MLS #122030 – Aspen, Historic West End single family home, 715 W. North Street, Aspen, CO: Sold Price: $4,632,157/$850 sq ft unfurnished; Ask Price: $4,950,000. (Original Price: $4,950,000 and 174 days on the market since 07/15/2011.) This is a 1981 built, 4 bedroom/4 baths/1 half bath, 5,448 sq ft single family home with 2 car garage. Broker comments are, “Located on a triple-sized lot on a quiet street in the West End, this wonderfully maintained home is available for the first time by the original owner. Enjoy it as is, or personalize it with an easy interior remodel. Features include 4 bedrooms, 4.5 baths, 5,448 square feet, vaulted ceilings, hardwood floors in the kitchen & breakfast room, wood-burning fireplace, finished basement, 557 square foot two car garage, lovely front porch, intimate deck with partial views of Aspen Mountain, and a nicely landscaped yard. A rare & terrific opportunity priced for today’s market.” 2010 Taxes: $15,462. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 11/08/2011; Sold Date: 01/05/2012. (Photos and broker comments courtesy of Morris & Fyrwald, Sotheby’s Intl Realty.)

MLS #117227 – Aspen, McLain Flats single family home, 2049 McLain Flats Road, Aspen, CO: Sold Price: 4,200,000/$628 sq ft unfurnished. More details below photos.

MLS #117227 – Aspen, McLain Flats single family home, 2049 McLain Flats Road, Aspen, CO: Sold Price: $4,200,000/$628 sq ft unfurnished; Ask Price: $5,450,000. (Original Price: $6.750,000  and 1,463 days on the market since 12/27/2007.) This is a 1994 built, 4 bedroom/4 baths/1 half bath, 6,687 sq ft single family home with 2 car garage on 6.55 acres. This property has been on the market through the entire past 4 year boom and recession cycle. It is arguably a high end McLain Flats lot sale. Broker comments are, “Palladio: A well recognized form of architecture which says you don’t want to be like everybody else, you are the type to enjoy something unique. Palladio, known the world over now makes a statement in Aspen. This beautiful McLain Flats estate is tucked against a mountain side offering all-encompassing views of Aspen’s surrounding mountain peaks plus the 4 ski areas. The 4 bedroom home has a copper roof, Italian columns, French limestone floors, indoor pool and gym, architectural ceilings and more. All in an ambiance perfect to display an art collection to its best advantage! Owner flexible will consider the possibility of trades. Owner Financing Available. Property is on the same drive as $25,000,000 recently sold property, with similar views. Conceptual drawings for renovation see docs.” 2010 Taxes: $11,172. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 11/26/2011; Sold Date: 12/29/2011. (Photos and broker comments courtesy of Carol Dopkin R.E.)

THE ESTIN REPORT: 4TH QUARTER AND YEAR 2011 – STATE OF THE ASPEN MARKET  IS IN PROCESS AND WILL BE RELEASED SOON.  See the draft chart: 2011 Aspen Real Estate Market: Dollar and Unit Sales over Time

The Estin Report: 3rd Quarter 2011 (July 1 – Sept. 30, 2011)
State of the Aspen Real Estate Market

Click image

Click image for executive summary and complete report pdf. Released Oct. 6, 2011

Aspen Market Commentary:

Aspen vacant land sells at big discount. See the sold “W/J Ranch – Byers Court” vacant lot sale below.

Under Contract / Pending (1): MLS #122179 . This link is valid for 30 days until 1/31/2012. Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate.

Closed (4): MLS# 119963, 123203, 120871, 112413. This link is valid for 30 days until 1/31//2012.

Select Aspen Solds Last Week:

MLS #120871 – Aspen, W/J Ranch single family vacant lot, Lot 3 Byers Court, Aspen, CO: Sold Price: $845,000/$398,584 per acre. More details below photos.

MLS #120871 – Aspen, W/J Ranch single family vacant lot, Lot 3 Byers Court, Aspen, CO: Sold Price: $845,000; Ask Price: $1,475,000. (Original Price: $1,475,000 and 239 days on the market since 05/05/20011. This sale is an indicator of just how far some vacant land sold prices have fallen in the past three years. The subdivision W/J Ranch Lots/Byers Court pricing history: two lots in this small 2006 created subdivision of a total of approximately 6 lots sold at $3.75M in April 2008 and $4M in Dec. 2006. In early 2011, these “Byers” lots were offered at around $1.8M – $2M +/- . The original ask prices in 2006 were between $4M – $5.75M). Spectacular views from this 2.12 acre single family lot located in W/J Ranch in the exclusive McLain Flats area. Broker comments are, “Located minutes from Aspen, Snowmass and Woody Creek, this flat, 2+ acre parcel is ready for your dream home. Stunning views of Aspen Mountain, Capitol Peak and Mount Daly offer dramatic backdrops for your architectural masterpiece. Exclusive, small neighborhood with several ponds and underground utilities in place. Seller motivated for a summer sale and will consider owner financing.” 2010 Taxes: $69,183; HOA Dues: TBD. Under Contract Date: 10/04/2011; Sold Date: 12/29/2011. (Photos and broker comments courtesy of Joshua & Co.)

MLS #119963 – Aspen, Central Core, Park Avenue Twn condo, 322 Park Avenue, Unit 1, Aspen, CO: Sold Price: $1,050,000/$839 sq ft partially furnished. More details below photos.

MLS #119963 – Aspen, Central Core, Park Avenue Twn condo, 322 Park Avenue, Unit 1, Aspen, CO: Sold Price: $1,050,000/$839 sq ft partially furnished; Ask Price: $1,195,000. (Original Price: $1,395,000 and 293 days on the market since 03/01/2011.) This is a 1959 built/2011 remodeled, 2 bedroom/2 baths/1 half bath, 1,251 sq ft condo. Broker comments are, “This Steeplechase Partners remodel features a thoughtful & efficient layout, with an abundance of natural light & mountain contemporary design, finishes reminiscent of Viceroy Snowmass. One of the best value propositions in this market & price range. Lives like a single-family home with a convenient short walk to downtown Aspen. Arguably the lowest cost of ownership (low taxes, insurance fees & energy bills). A complete, ‘back to the studs’ remodel with a mountain contemporary design featuring absolute black granite countertops, maple kitchen cabinetry, stainless steel kitchen appliances. Honed absolute black granite flooring & glass mosaic tile surrounds in the master & guest bathroom, bamboo flooring on the stairs & living room, flamed slate flooring at the entry, powder room & kitchen.” 2010 Taxes: $1,737; HOA Dues: $100/mo. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 10/16/2011; Sold Date: 12/19/2011. (Photos and broker comments courtesy of Related Colorado Real Estate.)

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. 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”

THE ESTIN REPORT: 2011 HOLIDAY YEAR-TO-DATE STATE OF THE ASPEN MARKET IS IN PROCESS AND WILL BE RELEASED SOON.

Click image

Click image for executive summary and complete report pdf. Released Oct. 6, 2011

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.

Aspen Market Commentary:

11/21/11 Aspen High End Surges Onward; Over $15MM Category +300% in 2011: : Read full blog post and Listen to KAJX/Aspen Public Radio Tues. 11/22/11 interview

Under Contract / Pending (2): MLS #s 121326,117227… #122662 fell out of contract over the weekend. This link is valid for 30 days until 01/25/2012.  Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate.

Closed (3): MLS #s 119173, 119776. 122616. This link is valid for 30 days until 01/25/2012.

Featured Aspen Sold Last Week:

MLS #122616 – Aspen, Central core, Caribou condo, 701 S. Monarch Street, Unit 2, Aspen, CO: Sold Price: $2,495,000/$1,305 sq ft furnished. More details below photos.

MLS #122616 – Aspen, Central core, Caribou condo, 701 S. Monarch Street, Unit 2, Aspen, CO: Sold Price: $2,495,000/$1,305 sq ft furnished; Ask Price: $2,745,000. (Original Price: $2,995,000 and 498 days on the market since 08/12/2010.) This is a 1973 built/2010 remodeled, 3 bedroom/3 baths, 1,911 sq ft condo. Broker comments are, “Owner says sell. Further $250,000 reduction. On Aspen Mountain, this luxury townhouse is both private and exclusive (no short term rentals). 1,911 sq.ft per assessor of open plan, top floor living with an elevator. Very peaceful yet central to the core, it is close to all town activities while providing direct mountain access. Big views of Shadow Mountain, Red Butte and beyond. The light sun-filled living areas and separate office are complemented by 3 bedrooms, each with its own bathroom. Additionally there are useful utility room and storage spaces. Both the exterior and interior have been recently remodeled to a very high standard. Shares a swimming pool and hot tub with just 5 other owners. Furniture negotiable.” 2010 Taxes: $9,221; HOA Dues: $3,250 Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 12/02/2011; Sold Date: 12/23/2011. (Photos and broker comments courtesy of Robert MacGregor.)

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. 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 by email. The Estin Report is copyrighted 2011 and all rights reserved. Use is permitted subject to the following attribution: “The Estin Report: State of the Aspen Market, By Tim Estin, mba, gri, www.EstinAspen.com”

The Estin Report: 2011 Holiday Year-to-Date: State of the Aspen Market will be released later this week.

The Estin Report: 3rd Quarter 2011 (July 1 – Sept. 30, 2011)
State of the Aspen Real Estate Market

Click image for executive summary and complete report pdf. Released Oct. 6, 2011

Aspen Market Commentary

11/21/11 Aspen High End Surges Onward; Over $15MM Category +300% in 2011: Read full blog post and Listen to KAJX/Aspen Public Radio Tues. 11/22/11 interview with Tim Estin

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 $250,000in the upper Roaring Fork Valleyexcluding 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.

Under Contract / Pending (6) MLS #s 119006, 113457, 122519, 115993, 122616, 119240. This link is valid for 30 days until 01/17/2012. Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate.

Closed (8) MLS #s 122899, 119050, 121018, 123341, 113436, 123054, 115993 (5th Ave #200 Condo closed while posting) , 121061. This link is valid for 30 days until 01/17/2012.

Featured Aspen Solds Last Week:

MLS #122899 – Historic West End, Victorian style home near intersection of Lake Ave. and Gillespie, 330 Gillespie Street, Aspen, CO: Sold Price: $4,900,000/$1,159 sq ft unfurnished. More details below photos.

MLS #122899 – Historic West End, Victorian style home adjacent to Lake Ave next to Aspen Music Festival,  single-family home, 330 Gillespie Street, Aspen, CO: Sold Price: $4,900,000/$1,159 sq ft unfurnished; Ask Price: $4,900,000. (Original Price: $5,800,000 and 522 days on the market since 07/08/2010.) This is an 1888 built/2009 remodeled, 4 bedroom/4 bath/1 half bath, 3,880 sq ft single family home with 1 car garage. Broker comments are, “Fantastic modern interior, super hip, spacious,”THE” location in the West End and Party Ready … yet quiet & private, just steps to hiking trails, the music tent, Harris Hall, The Aspen Meadows … you get the drift (perfect location). Super light and bright house, works for a couple or a house full … great entertaining spaces, peaceful outdoor deck off of the master suite and a yard for the kids or dogs.” 2010 Taxes: $12,665. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 10/17/2011; Sold Date: 12/12/2011. (Photos and broker comments courtesy of Morris & Fyrwald, Sotheby’s Intl Realty.)

MLS #119050 – Aspen, Central Core, 1000 E. Hopkins townhome with both direct Aspen Mtn views and river frontage, 970 E. Hopkins Avenue #6, Aspen, CO: Sold Price: $4,250,000/$1,253 sq ft unfurnished. More details below photos.

MLS #119050 – Aspen, Central Core, 1000 E. Hopkins townhome with both direct Aspen Mtn views and river frontage, 970 E. Hopkins Avenue #6, Aspen, CO: Sold Price: $4,250,000/$1,253 sq ft unfurnished; Ask Price: $5,295,000. (Original Price: $7,600,000 and 987 days on the market since 03/30/2009.) This is 1996 built/2007 remodeled, 4 bedroom/4 bath, 3,391 sq ft townhome with 2 car garage. Broker comments are, “One of a kind – unique property. This townhome has everything a buyer could want . . . just the right size, on the river, on quiet street yet only two blocks from downtown core; large spacious living room, dining room and kitchen with high vaulted ceilings and fabulous views looking south at Aspen Mountain; rooftop deck with 360 degree views and jacuzzi; and 2-car garage. Perfect low maintenance home for either full or part-time residents.” 2010 Taxes: $14,715; HOA Dues: $3,968 Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 11/07/2011; Sold Date: 12/12/2011. (Photos and broker comments courtesy of Frias Properties of Aspen.)

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. 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 by email. The Estin Report is copyrighted 2011 and all rights reserved. Use is permitted subject to the following attribution: “The Estin Report: State of the Aspen Market, By Tim Estin, mba, gri, www.EstinAspen.com”

The Estin Report: 3rd Quarter 2011 (July 1 – Sept. 30, 2011)
State of the Aspen Real Estate Market

Click image for executive summary and complete report pdf. Released Oct. 6, 2011

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 $250,000in the upper Roaring Fork Valleyexcluding 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.

Aspen Market Commentary: 11/21/11 Aspen High End Surges Onward; Over $15MM Category +300% in 2011: : Read full blog post and Listen to KAJX/Aspen Public Radio Tues. 11/22/11 interview with Tim Estin

Under Contract / Pending (8): MLS #s 123077, 122327, 123203, 117007, 110186, 123331, 123354, 123309. This link is valid for 30 days until 01/10/2012. Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate.

Closed (6): MLS #s 105925, 119711, 121821, 113935, 122685, 122449. This link is valid for 30 days until 01/10/2012.

Select Aspen Snowmass Solds Last Week:

MLS #119711 – Aspen, West End single family home with guest house, 334 West Hallam Street, Aspen CO: Sold Price: $6,250,000/$927 sq ft unfurnished. More details below photos.

MLS #119711 – Aspen, West End single family home with guest house, 334 West Hallam Street, Aspen CO: Sold Price: $6,250,000/$927 sq ft unfurnished; Ask Price: $6,500,000. (Original Price: $8,500,000 and 302 days on the market since 02/08/2011.) The main house is an 1888 built/2004 remodeled 6 bedroom/6 bath, 4,835 sq ft single family home. The guest house has 2 bedrooms/2baths, 1,905 sq ft. Broker comments are, “This is a Situated in Aspen’s prestigious West End on a south facing large corner lot sits a fully restored Victorian house with its own detached guest house/carriage house. The main house features 6 bedrooms, 6 baths, fully equipped gourmet kitchen with breakfast and family area, fireplace, and walk out French doors to outside deck. High ceilings, large windows, fireplace, and game table highlight the living room area next to the formal dining room which seats up to 16 people. The lower level with 13 foot ceilings, large windows and lots of light, has a steam room, pool table as well as two en suite bedrooms, and a living/media area. The Guest house is a small “Feng Shui” gem featuring 2 bedrooms and 2 baths. Walking distance to Music Tent, Aspen Institute, and downtown Aspen and its amenities.” 2010 Taxes: $15,670. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 12/05/2011; Sold Date: 12/07/2011. (Photos and broker comments courtesy of Morris & Fyrwald, Sotheby’s Intl Realty.)

MLS #122449 – Snowmass Village, Brush Creek single family home, 84 Red Tail Lane, Snowmass Village, CO: Sold Price: $1,287,500/$410 sq ft partially furnished. More details below photos.

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MLS #122449 – Snowmass Village, Brush Creek single family home, 84 Red Tail Lane, Snowmass Village, CO: Sold Price: $1,287,500/$410 sq ft partially furnished; Ask Price: $1,359,000. (Original Price: $1,350,000 and 114 days on the market since 08/17/2011.) This was a well-priced, extremely attractive property that generated a lot of interest in the shrot time it was on the market. It is a 1991 built/2011 remodeled, 4 bedroom/3 bath, 3,139 single family home with 2 car garage. Broker comments are, “A wonderful, impeccably maintained mountain home that is sure to steal your heart. So much to love–morning and sunset light on Independence Pass, the soft sound of wind chimes from gentle summer breezes across the lovely two-tiered outdoor spaces, the warm wood interior designed for entertaining, and heartening panoramic views from the master suite. You’ve found the sweet spot.” 2010 Taxes: $6,589; HOA Dues: $350 Qtr. Under Contract Date: 09/10/2011; Sold Date: 12/09/2011. (Photos and broker comments courtesy of BJ Adams & Associates.)

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. 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 by email. The Estin Report is copyrighted 2011 and all rights reserved. Use is permitted subject to the following attribution: “The Estin Report: State of the Aspen Market, By Tim Estin, mba, gri, www.EstinAspen.com”

The Estin Report: 3rd Quarter 2011 (July 1 – Sept. 30, 2011)
State of the Aspen Real Estate Market

Click image for executive summary and complete report pdf. Released Oct. 6, 2011

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 excluding fractionals in the upper Roaring Fork Valley. Because the MLS links below expire after 30 days, photos and written descriptions of select closed properties (primarily those with excellent photography) are posted at my full blog post to attempt to preserve a public archive of sold market activity.

Aspen Market Commentary:

11/21/11 Aspen High End Surges Onward; Over $15MM Category +300% in 2011: Read full blog post, read a 12/1/11  article in the Aspen Times about high end property closings in November selling at steep discounts to original ask prices and Listen to KAJX/Aspen Public Radio Tues. 11/22/11 interview with Tim Estin.

Under Contract / Pending (3): MLS #s 121326, 122662, 117227. This link is valid for 30 days until 01/04/2012. Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate.

Closed (5): MLS #s 112413, 119497, 122848, 122265, 119958 . This link is valid for 30 days until 01/04/2012.

Aspen Snowmass Solds Last Week:

MLS #112413 – Aspen, Red Mountain single-family home, 379 & 389 Ridge Road, Aspen, CO: Sold Price: $22,750,000/$1,470 sq ft unfurnished. More details below photos.

MLS #112413 – Aspen, Red Mountain single-family home, 379 & 389 Ridge Road, Aspen, CO: Sold Price: $22,750,000/$1,470 sq ft unfurnished; Ask Price: $25,850,000. (Original Price: $35,000,000 and 830 days on the market since 07/27/2009.) The “Sold” information has yet to be entered into the Aspen MLS. An 12/1 article in the Aspen Times stated this property had sold just before Thanksgiving. This property consists of two, 2008 built homes. The main house has 5 bedrooms/5 baths/3 half baths, 11,300 sq ft with 3 car garage. The guest house has 5 bedrooms/5 baths/1 half bath, 4,848 sq ft with 2 car garage. Broker comments are,  “Rare opportunity to own a luxury compound consisting of 2 contiguous lots on over 2 acres. “Front row” views of Ajax, Indy Pass, & the entire valley from this newly sustainable constructed, certified “built green”, Thermal solar-ready mountain contemporary estate with timeless finishes, 5 bedrooms, 5 full baths, 3 half-baths, 11,300 sq ft, open floor plan, hardwood floors, gourmet kitchen w/granite counters, gym/6th bedroom, theater w/8 ft Dolby hi def screen & surround sound, 1600 bottle wine enclave, gracious master suite, huge rec room, 4 fireplaces, 3 washers & dryers, resistance pool, A/C, 3 car garage, multiple decks & patios, & beautiful outdoor spaces. The 4,848 sq ft guest home w/5 bedrooms, 5.5 baths, & 2 car garage provides numerous options for an enhanced lifestyle. HERS energy rating is 57. Certified ”Built Green” with 260 accumulated points. Full PV system. Thermal Solar ready. Copper roof.” 2010 Taxes: $52,771. Under Contract Date: 11/01/2011; Sold Date: 11/23/2011. (Photos and broker comments courtesy of Morris & Fyrwald, Sotheby’s Intl Realty.)

MLS #119497 – Aspen, newly remodeled Central Core Aspen West condo, 104 W. Cooper Street, Aspen, CO: Sold Price: $2,100,000/$1,597 sq ft furnished. More details below photos.

MLS #119497 – Aspen, new remodeled Central Core Aspen West condo, 104 W. Cooper Street, Aspen, CO: Sold Price: $2,100,000/$1,597 sq ft furnished; Ask Price: $2,275,000. (Original Price: $2,550,000 and 308 days on the market since 01/24/2011.) This is a 1972 built/2010 remodeled, 2 bedroom/2 bath, 1,424 sq ft condo. The exterior of the 6-8 unit complex was completely redone and expanded in 2008/2009. This is one of the very few “like-new” small complexes recently done over during the recession, and the location opposit Koch Park is superb. Broker comments are, “Stunning remodel completed in 2010, of one of the best condo locations in town. Elegant, chic European styling has transformed this property into Aspen’s newest A++ location. Overlooking Koch Park it’s an easy walk to the lifts or in for dinner. Top of the line appliances include Sub Zero and Wolfe. Air conditioning helps make this a good rental opportunity. Covered year round balcony; 2 off street parking spots.” 2010 Taxes: $3,816; HOA Dues: $1,800 Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 10/04/2011; Sold Date: 11/28/2011. (Photos and broker comments courtesy of Morris & Fyrwald, Sotheby’s Intl Realty.)

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. 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 by email. The Estin Report is copyrighted 2011 and all rights reserved. Use is permitted subject to the following attribution: “The Estin Report: State of the Aspen Market, By Tim Estin, mba, gri, www.EstinAspen.com”