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The Estin Report: Aspen Snowmass Weekly Sales and Statistics: Closed (16) and Pending (7) - April 24 - May 1, 2011

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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 condensed. For the latest Aspen real estate news, sales statistics and market activity, follow him on twitter @EstinAspen . He welcomes your business, inquiries and comments. Email him or call 970.920.7387.

Link to The Estin Report: Aspen Snowmass 2010 Year End Summary

Last Week's Market Highlights - Aspen Snowmass Real Estate Sales and Under Contract Activity: It is typical this time of year, April and May, for a number of properties to be brought under contract and close. This reflects the fact that buyers have been shopping in the key winter ski months of Jan, Feb. and Mar., and making their moves in March and April. This spring spike in sales in quite common, and it is the period in which a number of sales are completed and get recorded. Last week's real estate sold and under contract activity appears below for the upper Roaring Fork Valley for all property types 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 here to preserve an archive of sold market activity. For past sales, scroll to page bottom and search by time period.

Spreadsheet Summary: The Estin Report: Aspen Snowmass Weekly Sales Statistics, April 24 - May 1, 2011 SOLDS (16) and UNDER CONTRACT/PENDING (7)

Closed (16): MLS#'s 118015, 115551, 116200, 120235, 105715, 114794, 112885, 119894, 120737, 120485, 112261, 120491, 117883, 119703, 118619, 119031. This link is valid for 30 days until 5/31/2011. Of note last week, (9) 4-bedroom Residences at Little Nell (fractional interests) closed at prices between $1.6MM - $1.8MM.

Featured Sold Snowmass Property Last Week

MLS # 112885 - Two Creeks Subdivision Single Family Home, 203 Blue Spruce Lane Snowmass Village, CO: Sold Price: $6,400,000/$1,167 sq ft; Ask Price: $7,495,000/$1,367 sq ft. (Original Price: $8,495,000 and 601 days on the market since 09/01/2009.) This is a 2002 built, 5,483 sq ft, 5 bedroom/5.5 bath home with 2-car garage on 3.96 acres. The broker remarks are, "Located in one of the most popular ski-in/ski-out subdivisions in Snowmass Village, this beautifully furnished home sits on 3.96 acres with a private bridge to the ski trail, seasonal creek & pond, patio, waterfall, and nice landscaping. Features include 5 bedrooms, 5.5 baths, 5483 square feet, wonderful floor plan, hardwood floors, library, media room, spacious kitchen with granite counters, gas & wood-burning fireplaces, mud room with dog wash, radiant heat, 698 square foot two car garage, hot tub, wide open outdoor entertaining areas, and built-in BBQ. Builder: Jim Brynes Architect: Michael Fuller and Associates ." 2010 Taxes: $ 28,073 Yr; HOA Dues: $90. Yr (Town of Snowmass Transfer Tax of apporx. 1% applies to buyer. (Photos and description courtesy of Morris & Fyrwald, Sotheby's Intl Realty)

Under Contract / Pending (7): Under Contract / Pending (8): MLS#'s 108407, 117095, 119620, 116864, 112885, 111409, 116151, 116504. This link is valid for 30 days until 5/31/2011. Photos of Pending properties are not posted unless special circumstances warrant.

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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