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The Estin Report: Aspen Snowmass Weekly Sales & Statistics: Closed (11) and Under Contract/Pending (17): Feb. 27 - March 6, 11

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Mason Morse Aspen broker Tim Estins full AspenRealEstateBlog.com is released Monday mornings at his website and at times during the week. These MM postings are condensed. For the latest and complete Aspen real estate news, sales statistics and market activity, follow him on twitter @EstinAspen or subscribe from his website. Tim welcomes your business, inquiries and comments.

2010 Report Link: The Estin Report: 2010 Full Year Aspen Snowmass Real Estate

Last Week's Commentary: This past Friday March 4th, a cover WSJ article was released on Aspen, "The Most Expensive Town in America". Since Jan 31st, there have been (6) big money Aspen real estate transactions over $14MM... Read the 2/19/11 Aspen Real estate Market Update with two noteworthy Estin Report Aspen trend graphs, MLS property links and photos & descriptions to these (6) properties.

Last Week's Market Summary: The Estin Report: Aspen Snowmass Weekly Sales and Statistics, Feb. 27 - March 6, 2011 Last week's real estate sales activity is summarized in the linked spreadsheet and with links below to MLS property details and photos. Activity is for all property types in the upper Roaring Fork Valley over $250,000 in Aspen, Snowmass Village, Woody Creek and Old Snowmass excluding fractionals. Because the MLS links below expire after 30 days, photos and written descriptions of the closed properties are posted on here to preserve an archive of sold market activity.

Closed (11): MLS# 116749, 119406, 114608, 116375, 114555, 117666, 113071, 118465, 115087, 111897, 119489. This link is valid for 30 days until 04/05/11.

Under Contract / Pending (17): MLS# 113457, 114987, 119735, 114030, 105715, 111629, 118403, 117186, 114794, 120001, 111656, 119733, 116793, 114211,119882,119162,114589,. Link is valid for 30 days until 3/29/11. Photos and descriptions of under contract properties are not posted unless special circumstances dictate. Select Aspen Condo Sales Last Week:

MLS# 114608 - Aspen Highlands condo/townhome, 1501 Maroon Creek Rd Unit 11, Aspen, CO: Sold Price: $1,280,000/$640 sq ft ; Ask Price: $1,295,000/$647 Sq Ft. (Original price: $1,995,000. and on the market 581 days since 07/21/2009.)Broker's comments, "Savor the summer months & sunshine from either the deck or patio of this newly remodeled contemporary townhome with 4 bedrooms, 3.5 baths, and 2000 square feet of warm living spaces. Features include an expansive master suite with modern bathroom & large walk-in closet, family room, or exercise room, A/V wiring throughout, top of the line appliances, fine finishes, radiant heat, lots of storage space, and ample parking. Located directly across from Aspen Highlands ski area and overlooking Maroon Creek, with quick & easy access to town via the bike path."Remodeled in 2009. 2009 Taxes: $2,703 Yr; HOA Dues: $2,100 Qtr. Sold Date: 02/28/11; Under Contract Date: 01/11/2011. (Photos and description courtesy of Morris & Fyrwald, Sotheby's Intl Realty)

MLS #117666 - Aspen core 4-bedroom condo, 980 E Hyman Unit 1 Aspen, CO: Sold Price: $2,143,250/$985 Sq Ft; Ask Price: $2,499,000/$1,148 Sq Ft. (Original Price: $2,750,000 and on the market 228 days since 7/19/11.) This is a 4 bedroom/4 bath condo in the heart of downtown with dead-on Aspen Mountain views and one- assigned parking space and extra unit storage. Broker's comments, "Beautiful, elegant and large in-town four bedroom/four bath condo with additional media/entertainment room including wet bar. The property is being sold turnkey. There are to wood burning fireplaces, two patios, views of Aspen Mountain. Aspen Core location on a quiet cul de sac street within easy walking distance to Gondola, shopping, services and restaurants.Fully furnished excluding art, a few select furniture antiques TBD and some personal items. Brand new laundry machine in unit and an additional laundry room for the building.Exterior bldg painting sometime in August and/or September 2010, not an extra assessment. City of Aspen RETT transfer taxes apply to purchaser." Sold Date: 03/04/11; Under Contract Date: 01/27/11. City of Aspen RETT Transfer Tax of 1.5% applies to buyer. (Photos and description courtesy of Mason Morse Real Estate). MLS # 115087 - Aspen core condominium, 708 E. Hyman, Aspen, CO: Sold Price: $4,300,000/$1,664 Sq Ft; Ask Price: $4,690,000/$1,815 Sq Ft. (Original Price: $5,100,000 and on the market 364 days since 03/01/2010.) This is a 3 bedroom/3.5 bath, 2584 sq ft, 1988 built exquisitely remodeled Aspen condo with a 2-car garage.The broker's comments, "Located just three blocks from the gondola right in the center of town. The convenience of core-living cannot be overstated. This three bedroom townhome was completely renovated with a warm, exciting contemporary palette. From the moment you enter the home you are enveloped with pleasing, high-end finishes, ebony-stained wood floors, stainless steel custom cabinetry, furniture grade built-ins and artisan tile and stonework, and more. Large open chefs kitchen and adjacent dining area. The home encompasses three levels with outdoor terraces off the master and guest master bedrooms. The townhome comes complete with an office, two-car garage and snowmelt driveway and entry walk." 2009 Taxes: $9,415 Yr; HOA Dues: $6,300 Qtr. Sold Date: 2/28/11; Under Contract Date: 1/30/11. Australian buyer. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. (Photos and description courtesy of CB The Aspen Brokers, LTD)

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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