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The Estin Report: Feb. 6 - 13, 11: Aspen Snowmass Weekly Sales and Statistics, Closed (5) and Under Contract (5)

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Mason Morse Aspen broker Tim Estin's complete blog is released Monday mornings at his website and at times during the week. These postings at MM are condensed because of his tech limitations. For the latest Aspen real estate news, sales statistics and market activity, follow him on twitter @EstinAspen . Tim is an active broker with Mason Morse, and he welcomes your business, inquiries and comments.

In today's paper, Aspen Times Weekly Feb. 13, 2011, "Aspen-Area Economy Begins to Turn the Corner" Edited excerpt: Tim Estin, an Aspen broker associate for Mason Morse Real Estate, believes the Aspen-Snowmass Village real estate market bottomed out in 2009...Sales of condominiums and single family homes over $250,000 in the upper Roaring Fork Valley - which almost entirely includes Aspen and Snowmass Village - was up, "In 2010, the overall market has risen 20% in gross dollar volume from 2009, and unit sales of all property types included in this report has risen a convincing 26%. Additionally, the overall listing inventory has declined by 11%," he said, "while the sale price per square foot continued to decline and the average number of days on market continued to increase...I believe, finally, it can be substantiated that there's light at the end of a long, painful most recent two years, he wrote in The Estin Report: 2010 Year End, Aspen Snowmass Real Estate.

Link to article

02/13/11 AT Weekly Cover,"Aspen-area economy begins to turn the corner"

See the complete report, The Estin Report: Aspen Snowmass Real Estate 2010 Full Year (rev. 01/08/2011 to reflect all sales through Dec 31, 2010). The Estin Report: Aspen Snowmass Real Estate 4th Quarter 2010 will be released soon.)

Last Week's Market Highlights - Aspen and Snowmass Real Estate Sales and Under Contract Activity: Last week's real estate sales activity appears below for the upper Roaring Fork Valley for all property types over $250,000 excluding fractionals in Aspen, Snowmass Village, Woody Creek and Old Snowmass (although Residences at Little Nell and Dancing Bear are included due to their higher fractional price points). Because the MLS links below expire after 30 days, photos and written descriptions of the closed properties are posted to preserve an archive of sold market activity. Spreadsheet Summary of Last Week's Aspen Real Estate Sales Statistics, see The Estin Report: Aspen Snowmass Weekly Sales Statistics, Feb. 6 - 13, 2011

Featured Aspen Sold Property Last Week

MLS #114105 - Smuggler Mtn single family home, 201 Sesame St, Aspen, CO: Sold Price: $20,000,000/$1,808 sq ft; Ask and Original Price: $$29,995,000 (On the market for 608 days since 12/15/2009). This is a stunning contemporary 2006 home built at the base of Smuggler Mountain with sweeping soutgh and west facing views of town, the ski mountains and Mt Sopris. It is 11,061 sq ft with 7 bedrooms/7 baths/3 half baths, 4+ car garage on almost .42 acres with gated driveway. The list broker comments, "Modern meets majestic. With painterly, panoramic views of Aspen Mountain, Independence Pass and Mt. Sopris, this 7-bedroom residence features a wonderful flow of interior to outdoor living. Every detail of this designer masterpiece is crafted with exquisite materials from around the world. Enjoy the chic sophistication of living and entertaining all within walking distance to town. Complete with 2 firepits, swimming pool, 2 hot tubs, expansive decks, a 10,000 bottle wine storage area and private gate.Directions: First right on Smuggler Mountain Road - through gate. " 2008 Taxes: $35,323 Yr. Under Contract Date: 01/27/2011; Sold Date: 02/10/2011. (Photos and description courtesy of CB The Aspen Brokers)

Closed (5): MLS'# 114105, 106251, 119705, 112300, 114013. This link is valid for 30 days until 3/15/2011.

Under Contract / Pending (5): MLS# 117414, 119033, 118961, 115244, 116712 This link is valid for 30 days until 3/15/2011. Photos and descriptions of Under Contracts are not posted unless special circumstances dictate.

Disclaimer: The statements made in The Estin Report represent the opinions of the author not Mason Morse Real Estate. They should not be relied upon exclusively to make real estate decision. Information concerning particular real estate opportunities can be requested from Tim Estin at 970.920.7387 or email. A potential buyer is advised to make an independent investigation of the market and of each property before deciding to purchase. 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. The Estin Report is copyrighted 2011 and all rights are reserved. Use is permitted subject to the following attribution: "The Estin Report: State of the Market by Aspen broker Tim Estin mba, gri, www.EstinAspen.com". ________________________________________________________________________

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