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The Estin Report: Aspen Snowmass Real Estate Weekly Market Update: Closed (6) and Under Contract (10): Nov. 6 - 13, 2011

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Coldwell Banker 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 at testin@masonmorse.com or call 970.920.7387.

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

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 (10): MLS #s 119006, 120514, 122030, 121838, 121840, 119776, 119050, 118477, 118787, 118417. This link is valid for 30 days until 12/13/2011. Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate.

Closed (6): MLS #'s 121184, 116678, 116625, 118477, 122611, 117046. This link is valid for 30 days until 12/13/2011.

Featured Sold Aspen Properties Last Week

MLS #116678 - Aspen, West Aspen single-family home, 501 W. Buttermilk Road, Aspen, CO: Sold Price: $6,000,000/$778 sq ft furnished. Newer 2008 home sells at -53% discount to original 2008 list price. More details below photos.

MLS #116678 - Aspen, West Aspen single-family home, 501 W. Buttermilk Road, Aspen, CO: Sold Price: $6,000,000/$778 sq ft furnished; Ask Price: $6,950,000. (Original Price: $12,750,000 and 1,019 days on the market since 11/26/2008.) This is a 2008 built, 7 bedroom/7 bath/2 half bath, 7,707 sq ft West Buttermilk single-family home on 37 acres. Broker comments are, "Eclectic mountain home on 37 private acres in West Buttermilk with irrigation, landscaping, rolling hills, & wide open views. Features include 7 bedrooms, 7 full baths, 2 half baths, 7,707 square feet, finishes of marble, granite, & onyx, imported custom doors, hardwood floors, grand foyer with fireplace, large sunken living room with exposed beams & two-sided fireplace, gourmet kitchen with custom cabinetry, sitting area & fireplace, office/sitting area adjacent to the master suite, steam shower & spa tub in master bath, wine room, media room with wet bar, exercise area, 791 square foot three car garage, large patio with fire pit & built-in grill, and an exceptional caretaker apartment with separate entrance, 2 bedrooms, 2 baths, and a garage. Lot split potential and in process." 2010 Taxes: $27,727. Under Contract Date: 10/17/2011; Sold Date: 11/07/2011. (Photos and broker comments courtesy of Morris & Fyrwald, Sotheby's Intl Realty.)

MLS #116625 - Aspen, West Aspen half duplex, 1134 Cemetery Lane #B, Aspen, CO: Sold Price: $3,550,000/$834 sq ft unfurnished. More details below photos.

MLS #116625 - Aspen, West Aspen half duplex, 1134 Cemetery Lane #B, Aspen, CO: Sold Price: $3,550,000/$834 sq ft unfurnished; Ask Price: $3,850,000. (Original Price: $4,290,000 and 528 days on the market since 05/29/2010.) This is a 2009 built, 5 bedroom/5 bath/1 half bath, 4,254 sq ft West Aspen half duplex with 2 car garage. Broker comments are, "Fantastic new half duplex. Lives like single family home. Custom high-end finishes throughout, too numerous to list. Outstanding unobstructed views of Independence Pass and Aspen Mountain. Contemporary and tasteful architectural designs. 2010 Taxes: $9,992; HOA Dues: TBD. Under Contract Date: 10/14/2011; Sold Date: 11/08/2011. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. (Photos and broker comments courtesy of Coldell Banker Mason Morse.)

Disclaimer: The statements made in The Estin Report and on Tim Estin's blog represent the opinions of the author not Coldwell Banker 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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