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The Estin Report: Aspen Snowmass Weekly Sales & Statistics: Closed (4) and Pending (3): May 22 - 29, 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: 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 of April and May 2011 Aspen Real Estate Sales Statistics, see The Estin Report: Aspen Snowmass Monthly Sales Statistics, April/May2010 compared to April/May 2010. To be posted late Wed. June 1, 11 on my blog.

Closed (4): MLS #'s: 116864, 109752, 111409, 119212. This link is valid for 30 days until 06/27/11.

Under Contract / Pending (3): MLS'#s: 116364, 117493, 115665. This link is valid for 30 days until 06/27/11. Photos and descriptions of under contracts are not posted unless specialcircumstances dictate. The pending property below is featured because it is one of the few 'new' construction townhomes available in Aspen's downtown core. There is very little new construction taking place anywhere in the Aspen area, much less downtown. This is one of the newest spec projects completed during the economic crisis.

Featured Aspen Sold Property Last Week: MLS #109752 - New single family home on Aspen Mountain, 675 S Alps Road Aspen, CO: Sold Price: $14,100,000/$1,557 sq ft. More sold property descriptions posted at my website.

MLS #109752 - New single family home on Aspen Mountain, 675 S Alps Road Aspen, CO: Sold Price: $14,100,000/$1,557 sq ft; Ask Price: $16,950,000/$1,872 sq ft. (Original Price: $24,950,000/$2,749 sq ft and 1,651 days on the market since 11/08/08.) This is a bank short sale of a beautiful 2009 built new contemporary 9,056 sq ft, 7 bedroom/8 bath/2 half bath home with 2-car 499 sq ft garage on 1.02 hillside acres. The broker's comments are, "The ultimate ski estate has been created directly beneath the gondola! Designed by Charles Cunniffe Architects & constructed by John Olson Builders, this mountain contemporary home is one of a kind. Direct ski access, eastern exposure, views of Smuggler Mountain & towards Indy Pass, dramatic interior finishes & design by Pamela McDonald/IPA, LLC Bertillion of Paris, spacious outdoor living areas, separate caretakers apartment, gourmet kitchen with custom European-style wood cabinetry & top of the line appliances, outdoor kitchen, 6 gas fireplaces, library/office, exercise room with private massage area & steam room, theater/media room, wine room, mud room/ski room, large entertainment area with wet bar, custom A/V system, motorized window coverings, elevator, & extensive snowmelt."S 2010 Taxes: $38,860. Under Contract Date:05/13/11; Sold Date:05/17/11. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. (Photos and description courtesy of Morris & Fyrwald, Sotheby's Intl Realty.)

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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