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The Estin Report Aspen Snowmass Real Estate Weekly Market Update: Closed (4) and Under Contract (6): Nov. 20 - 27, 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.

Aspen Market Commentary:

11/21/11 Aspen High End Surges Onward; Over $15MM Category +300% in 2011: : Read full blog post and Listen to KAJX/Aspen Public Radio Tues. 11/22/11 interview

Under Contract / Pending (6): MLS #s120920, 123341, 123097, 123269, 120282, 116529. This link is valid for 30 days until 12/27/2011. Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate.

Closed (4): MLS #s 119757, 113700, 118569, 122055. This link is valid for 30 days until 12/27/2011.

Select Aspen Solds Last Week:

MLS #119757 - Aspen, West End single-family home, 631 W. Bleeker Street, Aspen, CO: Sold Price: $4,250,000/$1,044 sq ft unfurnished. More details below photos.

MLS #119757 - Aspen, West End single-family home, 631 W. Bleeker Street, Aspen, CO: Sold Price: $4,250,000/$1,044 sq ft unfurnished; Ask Price: $4,995,000. (Original Price: $4,995,000 and 279 days on the market since 02/13/2011.) This is a 2006 built, 4 bedroom/4 bath/1 half bath, 4,070 sq ft single-family home with 2 car garage in the West End. Broker comments are, "Put a modern twist on the Victorian era! This newly-built home located in the desirable West End is one of Aspens finest residences. From the Italian porcelain to the state-of-the-art home theatre, this four-bedroom, and four-and-one-half bathroom home has it all. There is a nice feel of openness with the Aspen Historical Society Museum and park located across the street. Find yourself close to everything Aspen has to offer from skiing at one of our four world class ski-areas in the winter and the Aspen Music Festival & School in the summer." 2010 Taxes: $9,492. Under Contract Date: 09/28/2011; Sold Date: 11/18/2011. (Photos and broker comments courtesy of Aspen R.E. Co.)

MLS #113700 - Aspen, West Aspen single-family home, 9 Pyramid Road, Aspen, CO: Sold Price: $8,670,000/$956 sq ft furnished. More details below photos.

MLS #113700 - Aspen, West Aspen single-family home, 9 Pyramid Road, Aspen, CO: Sold Price: $8,670,000/$956 sq ft furnished; Ask Price: $10,750,000. (Original Price: $11,800,000 and 744 days on the market since 11/04/2009.) This is a 2006 built, 5 bedroom/6 bath/2 half bath, 9,067 sq ft single-family home with 3 car garage in the Aspen Tennis Club subdivision. Broker comments are, "Award-winning contemporary home filled with light and built with energy efficiency and access to the outdoors in mind. Furniture and furnishings by designer Larry Laslo. Turn-key. Comfortable, Japanese gardens, views, gym, media, many extras, etc. Within 3 minutes of town." 2010 Taxes: $16,008; HOA Dues approx: $1,000 Yr. Under Contract Date: 09/09/2011; Sold Date: 11/17/2011. (Photos and broker comments courtesy of Joshua & Co of Aspen.)

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