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The Estin Report Aspen Snowmass Real Estate Weekly Market Update Closed (5) and Under Contract (9) Oct. 16-23, 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 This is a Aspen Snowmass real estate weekly Market update with sold 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 #114194 - Brush Creek Village Subdivision, Aspen school district single-family home, 351 Brush Creek Road, Aspen, CO: Sold Price: $1,925,000/$501 sq ft partially furnished. More details below photos.

MLS #114194 - Brush Creek Village Subdivision, Aspen school district single family home, 351 Brush Creek Road, Aspen, CO: Sold Price: $1,925,000/$501 sq ft partially furnished; Ask Price: $1,995,000. (Original Price: $2,795,000 and 668 days on the market since 12/17/2009.) This West Aspen single-family home has 4 bedrooms/3baths; 3,837 square feet with 2 car garage. Broker comments are, "Nestled into a quiet hillside within walking distance to the shuttle is this well-maintained, private, country home with cozy, intimate spaces combined with open living areas. The library provides a quiet reading nook for book lovers, while a large custom kitchen will satisfy the best of cooks. Numerous built-ins throughout plus his/hers offices, study, family room, and artist studio. Award-winning landscaping features lush yard, flagstone patios and walk, waterfall, rock walls and beautiful gardens. A home for year-round enjoyment. FAR of 5,750 square feet allows room for addition." 2010 Taxes: $7,875; HOA Dues $228 Qtr. Under Contract Date: 08/06/2011; Sold Date: 10/20/2011. The buyers were represented by Tim Estin. (Photos and broker comments courtesy of SDS Real Estate, Inc.)

MLS #119737 - Snowmass Village, Wood Run single-family home, 835 Wood Road, Snowmass Village, CO: Sold Price: $5,000,000/$1,019 sq ft furnished. More details below photos.

MLS #119737 - Snowmass Village, Wood Run single-family home, 835 Wood Road, Snowmass Village, CO: Sold Price: $5,000,000/$1,019 sq ft furnished: Ask Price: $5,950,000. (Original Price: $6,495,000 and 253 days on the market since 02/07/2011) This Wood run single-famil home has 5 bedrooms/6 baths/1 half bath; 4,904 square feet with 3 car garage. Broker comments are, "5 bed/5.5 bath home at the base of prestigious Wood Run Subdivision. Beautifully furnished, this classic family home features spacious, useable floor plan, highest quality surfaces, outdoor hot tub and stone patios, 3 car garage, ski in/out access, and other features too numerous. A must see." 2010 Taxes: $14,876; HOA Dues: $100/Yr. Under Contract Date: 09/18/2011; Sold Date: 10/18/2011. Town of Snowmass Transfer Tax of approx. 1% payable by buyer. (Photos and broker comments courtesy of Mason Morse 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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