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The Estin Report: Aspen Snowmass Real Estate Weekly Market Update - Closed (5) and Under Contract (8): Oct. 30 - Nov. 6, 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 weekly sales statistics and under contract activity appears below for all Aspen, Snowmass Village, Woody Creek and Old Snowmass properties over $250,000 excluding fractionals in the upper Roaring Fork Valley. 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 attempt to preserve a public archive of sold market activity.

Under Contract / Pending (8): MLS #s 121701, 113416, 105925, 120436, 113935, 120263, 113436, 122899, 112738. This link is valid for 30 days until 12/06/2011. Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate.

Closed (5): MLS #'s 122493, 113958,112738, 119167, 115525. This link is valid for 30 days until 12/06/2011.

Select Aspen Sold Properties Last Week MLS #115525 - Aspen Highlands, Thunderbowl Townhome, 53 Thunderbowl Lane 11, Aspen, CO: Sold Price: $3,900,000/$680 sq ft. unfurnished. More details below photos.

MLS #115525 - Aspen Highlands, Thunderbowl Townhome, 53 Thunderbowl Lane 11, Aspen, CO: Sold Price: $3,900,000/$680 sq ft. unfurnished. (Original Price: $4,850,000 and 584 days on the market since 03/26/2010.) This is a 2007 built, 5 bedroom/5 bath/2 half bath, 5,733 sq ft Aspen Highlands condo with a 2 car garage. Broker comments are, "New, luxurious townhome centrally located within steps of Aspen Highlands Ski Area and the core of Aspen Highlands Village. With 5,733 sq. ft. of living space, this property lives like a single-family home but has the lock-and-go convenience of a town-house. Nowhere in Aspen will you find the high level of finish including custom cabinetry, granite tops, hand-hewn wood flooring and soaring ceilings in this price point. For the avid skier and summer enthusiast, this Thunderbowl Townhome is the place." 2010 Taxes: $27,321; HOA Dues: $5,746 Qtr. Under Contract Date: 09/23/2011; Sold Date: 10/31/2011. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. (Photos and broker comments courtesy of Chaffin Light Real Estate Snowmass Village.)

MLS #112738 - Aspen, Central core, Riverview Condominium complex, 1020 Hopkins Avenue 2, Aspen, CO: Sold Price: $975,000/$928 sq ft. furnished. More details below photos. MLS #112738 - Aspen, Central core , Riverview Condominium complex, 1020 Hopkins Avenue 2, Aspen, CO: Sold Price: $975,000/$928 sq ft. furnished; (Original Price: $1,499,000 and 802 days on the market since 08/17/2009.) This is a 1973 built, 2 bedroom/2 bath, 1,050 sq ft Riverview condo. Broker comments are, "Riverfront. Perfect remodel candidate in the popular Riverview building. 2 balconies, 1 on the river and one facing south. Pool, generous storage, assigned parking, owner pet ok. Private location at the end of Hopkins next to the foot bridge, yet core area convenience." 2010 Taxes: $3,348; HOA Dues: $1,236 Qtr. Under Contract Date: 10/21/2011; Sold Date: 10/28/2011. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. (Photos and broker comments courtesy of Frias Properties of Aspen.)

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 ofeach 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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