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The Estin Report: Aspen Snowmass Real Estate Weekly Sales and Statistics: Closed (9) and Under Contract (3): 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.

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 summary and complete report pdf. Released Oct. 6, 2011

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 (3 ): 122556, 122449, 114243. This link is valid for 30 days until 11/16/11. Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate.

Closed (9): MLS #'s: 121213, 121923, 116298, 122036, 121591, 102279, 120156, 107704,123003. This link is valid for 30 days until 11/16/11.

Featured Sold Aspen Snowmass Properties Last Week

MLS #121213 - West Aspen, East Owl Creek single-family home, 800 Cluny Road, Aspen, CO: Sold Price: $5,150,000/$947 sq ft unfurnished. More details below photos.

MLS #121213 - West Aspen, East Owl Creek single-family home, 800 Cluny Road, Aspen, CO: Sold Price: $5,150,000/$947 sq ft unfurnished; Ask Price: $5,995,000. (Original Price: $5.995,000 and 872 days on the market since 05/19/2009.) This Owl Creek single-family home has 4 bedrooms/4 baths/1 half bath, 5,437 square feet with 2 car garage. Broker comments are, "Fantastically situated on 4 private acres and adjacent to 100 acres of open space where wildlife abounds, this beautiful home features 4 bedrooms, 4.5 baths, 5437 square feet, open floor plan, expansive windows, no sub-grade space, main level master suite, large two car garage, patios & outdoor spaces for entertaining, seasonal pond & irrigation water, and mature landscaping ripe with wildflowers & perennials for color all summer long. The south-facing views of Snowmass ski area & Mt. Daly are spectacular & dramatically displayed, while a tranquil pond next to the home can be used to irrigate the large lawn that is great for outdoor games. Conveniently located between Aspen & Snowmass for a rural feel, yet just minutes to both. Priced to sell at land value." 2010 Taxes: $16,978; HOA Dues: $4,000 Yr. Under Contract Date: 08/11/2011; Sold Date: 10/11/2011. (Photos and description courtesy of Morris & Fyrwald, Sotheby's Intl. Realty.)

MLS #121923 - Snowmass Village Country Club townhome, 701 Snowmass Club Circle #86, Snowmass Village, CO: Sold Price: $2,725,000/$876 sq ft furnished. More details below photos.

MLS #121923 - Snowmass Village Country Club townhome, 701 Snowmass Club Circle #86, Snowmass Village, CO: Sold Price: $2,725,000/$876 sq ft furnished; Ask Price: $2,985,000. (Original Price: $2,985,000 and 94 days on the market since 07/01/2011.) This Country Club townhome has 5 bedrooms/4 baths/1 half bath, 3,110 square feet with 2-car garage. Broker comments are, "CCTH 86 is situated on the hill & has panoramic views from the 2 Creeks Ski Slopes to Mt. Daly with north views over the Snowmass Golf Course & the meadows of Horse Ranch. Within this complex, this townhome boasts the largest private yard with an expansive stone patio & hot tub, plus spacious decks on the N & S sides. It features 2 master bedroom suites with steam showers and Jacuzzi tus Upper suite includes a 112 sq. ft. walk-through closet to a gorgeous master bath, Lower level master is perfect for your VIP guests. Additionally, CCTH 86 includes a 400-bottle temperature-controlled wine room. The owner totally renovated & remodeled with high-end finishes throughout in 2007 there is no other Country Club Townhome like itimpeccably done!" 2010 Taxes: $8,564; HOA Dues: $12,060 Yr. Under Contract Date: 08/29/2011; Sold Date: 10/03/2011. Town of Snowmass Transfer Tax of approx. 1% payable by buyer. (Photos and description courtesy of Chaffin Light Real Estate.)

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"

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