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The Estin Report: 1st Half 2011 State of the Aspen Market & Last Weeks Sales Activity July 17 -24, 11

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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 MM postings 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: 1st Half 2011 State of the Aspen Market (released 07/14/11)

See "Mega-mansion Deals Spur Rebound in Aspen Market" , 07/17/11 Sunday Business, Grand Junction Sentinel

Last Week's Market Highlights: Aspen Snowmass Real Estate Sales and Under Contracts appear 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 expire after 30 days, photos and written descriptions of the closed properties are posted at my website to preserve an archive of sold market activity.

Under Contract / Pending (9): MLS # 119396, 116713, 107361, 121653, 117573, 121223, 121870, 116869, 116443 .This link is valid for 30 days until 8/22/2011. Photos and descriptions of under contracts /pending are not posted unless special circumstances dictate.

Closed (4): MLS # 119174, 121535, 120147, 110097 . This link is valid for 30 days until 8/22/2011..

Featured Aspen & Snowmass Sold Properties Last Week:

MLS # 110097 - Single family home near downtown (E. Aspen/Smuggler), 201 Silverlode Drive Aspen, CO: Sold Price: $4,700,000/$905 sq ft

MLS # 110097 - Single family home near downtown (E. Aspen/Smuggler), 201 Silverlode Drive Aspen, CO: Sold Price: $4,700,000/$905 sq ft; Ask Price: $4,999,999/$963 sq ft. (Original Price: $7,900,000 on the market 848 days since 03/19/2009.) This is a 1997 built/2007 remodeled, 6 bdrm/5.5 bath/5,192 sq ft/2-car garage, sold furnished home at the base of Smuggler Mtn overlooking town and facing southwest for perfect sunset views. The broker's description is, "Red Mountain views for half the price! Home was 90% rebuilt late 2007 including totally new kitchen and three bathrooms. Being sold with all new furnishings, excluding rugs and art. Great family home with plenty of privacy. Up to 6 bedrooms. Oversized garage with dog/car wash. Adjacent to Hunter Creek, Smuggler Mtn for hiking and biking. Quick access to town. Great rental history. Additional FAR of approximately 400 square feet plus the ability to install an elevator per architect's study." 2009 Taxes: $12,895 Yr; HOA Dues: TBD. City of Aspen RETT Transfer Tax payable by buyer. (Photos and description courtesy of Lorrie B Aspen.)

Two newer Snowmass Base Village condos - at Capitol Peak and Hayden Lodge - sold last week at greatly reduced prices. There are many deeply discounted properties in Snowmass Village reduced 30-50% from the market peak, if not more. Amidst uncertainty, there is great opportunity. Please contact me for more information. View looking west at Hayden and Capitol Peak Lodges built in 2005-2007 from pedestrian mall at Snowmass Base Village

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


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