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Feb. 20 - 27, 2011: The Estin Report: Aspen Snowmass Weekly Sales : Closed (5) and Under Contract/Pending (8)

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Mason Morse Aspen broker Tim Estins complete AspenRealEstateBlog.com is released Monday mornings at his website and at times during the week. These postings at MM are likely to be 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 at 970-920-7387 or testin@masonmorse.com

The Estin Report: 2010 Full Year Aspen Snowmass Real Estate

Update: Since Jan 31st, there have been (6) big money Aspen real estate transactions over $14MM: Five (5) of these have occurred in the past two weeks with (3) closings and (2) going under contract; an Old Snowmass 200+ acre ranch went under contract on 2/18 with an ask price of $14MM; the sixth sale was Sony record impresario Tommy Mottola's Aspen Wildcat Ranch which sold at the end of January for $17,750,000. Read the 2/19/11 Aspen Real estate Market Update with two important Estin Report Aspen trend graphs, MLS property links and photos/descriptions to these (6) properties.

Last Week's Market Highlights - Aspen and Snowmass Real Estate Sales and Under Contract Activity: Last Week's 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. Because the MLS links below expire after 30 days, photos and written descriptions of the closed properties are posted on Tim's website to preserve an archive of sold market activity.

Select Aspen Properties Sold Last Week

MLS# 116696 - 1560 Tiehack Road Aspen, CO: Sold Price: $13,000,000./$1,154 sq ft; Original and Ask Price: $17,500,000./$1,553 sq ft. and 261 days on the market since June 7, 2010.This is a brand new 2010 built, 11,269 sq ft home with 5 bedrooms/8 baths /3 half baths, on 4.5 hillside acres, with 700 sq ft garage. It was sold fully furnished. The listing broker comments are, "Serenity awaits at Richard Wax & Associates newest estate at the gated enclave of Pyramid Point Estates. Enjoy the solitude of 4.5 acres, gain inspiration from the stunning mountain views of Aspen Highlands & Pyramid Peak, and relax in the luxurious residence where no detail has been overlooked. The highlights of the endless list of amenities include a European gourmet kitchen, master suite w/private patio & built-in hot tub that overlooks a waterfall, gorgeous theater with 100 screen, game room with bar, office or 6th bedroom, 1700 bottle wine room, indoor heated swimming pool, indoor basketball court, elevator to all 4 levels, multiple gas fireplaces, & 2500 sq ft of flagstone deck & patio. Spectacular & meticulously crafted." 2010 Taxes: $12,973 Yr; HOA Dues: $4,910 Yr. Transfer tax of approx. 1.5 % was applied to buyer for purchase of the property. (Photos and description courtesy of Morris & Fyrwald, Sotheby's Intl Realty).

MLS# 118556 - 936 E Hopkins Avenue #East, Aspen, CO: Sold Price: $3,742,300/$1,313 sq ft; Original and Ask Price: $3,899,000/$1,368 sq ft. and on the market for 127 days since 10/21/10. This is a 1998 built downtown Aspen Townhome with views of Aspen Mtn on one side and the Roaring Fork River on the other. It is 4 bedrooms/4.5 baths with a 440 sf garage and was sold furnished. The broker writes, "Dramatic views of Aspen Mountain in front, Roaring Fork riverfront in back. Quality stone, granite & wood finishes. This 4 bedroom 4.5 bathroom townhome/half duplex shows beautifully and is offered turn-key. Excellent location, walk to shops & restaurants. Security system, 2 car garage, 4 gas fireplaces, dumbwaiter, air-conditioned, maple flooring, and hot tub. Aspen elegance for a great price." 2009 Taxes: $9,409 Yr; HOA Dues: $10,000+/- Yr. City of Aspen RETT Transfer Tax of 1.5% applies to the buyer. (Photos and description courtesy of Frias Properties of Aspen).

Stats - Spreadsheet Summary: The Estin Report: Aspen Snowmass Weekly Sales and Statistics, Feb. 20 - 27, 2011

Closed (5): MLS# 119881, 118952, 116696, 119036, 118556. This link is valid for 30 days until 3/29/11.

Under Contract / Pending (8): MLS# 117026, 119881, 106889, 119195, 116788, 111657, 113248, 119703, 117472. Link is valid for 30 days until 3/29/11. Photos and descriptions of under contract properties 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 decisions. 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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