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.
The Estin Report: 3rd Quarter 2011 (July 1 - Sept. 30, 2011) State of the Aspen Real Estate Market - Released Oct. 6, 2011 v12
Click image
Click image for executive sumary and complete report pdf.
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 select closed properties (primarily those with excellent photography) are posted at my full blog post to preserve an archive of sold market activity.
Under Contract / Pending (9): MLS #119497, 121405, 121821, 120871, 122055, 119937, 121184, 122493. This link is valid for 30 days until 11/7/2011. Photos and descriptions of under contract properties are not posted unless special circumstances dictate.
Closed (6): MLS #119387, 121002, 121660, 107808, 122920, 115609. This link is valid for 30 days until 11/7/2011.
Select Sold Aspen Snowmass Properties Last Week
MLS #121660 - Downtown core, Obermeyer Place, Aspen condo, 501 Rio Grande Place #204, Aspen, CO: Sold Price: $4,560,000/$1,556 sq ft furnished. More details below photos.
MLS #121660 - Downtown core, Obermeyer Place, Aspen condominium, 501 Rio Grande Place #204, Aspen, CO: Sold Price: $4,560,000/$1,556 sq ft furnished; Ask Price: $4,995,000. (Original Price: $4,995,000 and 72 days on the market since 6/23/2011.) This top floor Obermeyer Place condo with views of Aspen Mountain has 4 bedrooms/4 baths/1 half bath, 2,930 square feet with 2-car garage. Brokers comments are, "a fabulous location within walking distance to everything! Features include 12 foot ceilings, hardwood floors, gourmet kitchen with wine cooler & warming drawer, air conditioning, custom gas fireplaces,heated bathroom floors, Jacuzzi tub & steam shower in master bath, private & covered balcony with custom BBQ & snowmelt floor, underground 2 car garage with elevator to the condo, storage unit and landscaped grounds with pedestrian walkways & paths. Likely the best condo in the entire complex!" 2010 Taxes: $10,405; HOA Dues: $4,082 Qtr. Under Contract Date: 08/01/2011; Sold Date: 10/05/2011. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. (Photos and description courtesy of Morris & Fyrwald, Sotheby's Intl. Realty.)
MLS #107808 - Central core riverfront Aspen townhome, 1035 E. Durant Avenue #1, Aspen, CO: Sold Price: $4,600,000/$1,081 sq ft furnished. More details below photos.
MLS #107808 - Central core riverfront Aspen townhome, 1035 E. Durant Avenue #1, Aspen, CO: Sold Price: $4,600,000/$1,081 sq ft furnished; Ask Price: $5,100,000. (Original Price: $6,595,000 and 1,084 days on the market since 10/10/2008.) This property would have sold 2-3 years ago at the price it closed at had seller responded to what the market was saying - similar townhome(s) were selling in the $1000-$1,100 sf range. This 3 floor River Glen condo situated on the Roaring Fork River has 5 bedrooms/5baths, 4,255 square feet with common garage. No broker comments. Built in 2000, additional features include hot tub on the lower deck, ski storage locker and elevator. 2010 Taxes: $15,682; HOA Dues: $13,495 Yr. Under Contract Date: 08/30/2011; Sold Date: 09/29/2011. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. (Photos and description courtesy of Chaffin Light Real Estate.
em>Links to recent market articles and report:
"Sales of Colorado Mountain Resort Homes in July Lowest in Years", 09/09/11 Business Section, Denver Post "Mega-mansion Deals Spur Rebound in Aspen Market", 07/17/11 Sunday Business, Grand Junction Sentinel
Disclaimer: The statements made in The Estin Report and on Tim Estin's blog represent the opinions of the author not Mason Morse. They should 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 Aspen Market, By Tim Estin, mba, gri, www.EstinAspen.com"
________________________________________________________________________
Social Media