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The Estin Report: Aspen Snowmass Real Estate Weekly Sales and Statistics: Closed (6) and Under Contract (9): Oct. 9 -16, 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 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.

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.

The Estin Report: 3rd Quarter 2011 (July 1 - Sept. 30, 2011) State of the Aspen Real Estate Market (Rel. Oct. 6, 11. Scroll to Link Below photos.)

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.

Featured Sold Aspen Property 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 condo, 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.)

The Estin Report: 3rd Quarter 2011 (July 1 - Sept. 30, 2011) State of the Aspen Real Estate Market

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Click image for executive sumary and complete report pdf. Released Oct. 6, 2011 (v12)

Links to recent market articles:

"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 deciing 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"

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