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The Estin Report: Aspen Snowmass Real Estate Weekly Market Update Closed (6) and Under Contract (8): Dec 4 - 11, 11

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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 CBMM 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

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 $250,000in the upper Roaring Fork Valleyexcluding fractionals. Because the MLS links below expire after 30 days, photos and written descriptions of closed properties with excellent photography are posted here to preserve a public archive of sold market activity. For past sales, scroll to page bottom and search by time period.

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 with Tim Estin

Under Contract / Pending (8): MLS #s123077, 122327, 123203, 117007, 110186, 123331, 123354, 123309. This link is valid for 30 days until 01/10/2012. Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate.

Closed (6): MLS #s 105925, 119711, 121821, 113935, 122685, 122449. This link is valid for 30 days until 01/10/2012.

Select Aspen Snowmass Solds Last Week:

MLS #119711 - Aspen, West End single family home with guest house, 334 West Hallam Street, Aspen CO: Sold Price: $6,250,000/$927 sq ft unfurnished. More details below photos.

MLS #119711 - Aspen, West End single family home with guest house, 334 West Hallam Street, Aspen CO: Sold Price: $6,250,000/$927 sq ft unfurnished; Ask Price: $6,500,000. (Original Price: $8,500,000 and 302 days on the market since 02/08/2011.) The main house is an 1888 built/2004 remodeled 6 bedroom/6 bath, 4,835 sq ft single family home. The guest house has 2 bedrooms/2baths, 1,905 sq ft. Broker comments are, "This is a Situated in Aspens prestigious West End on a south facing large corner lot sits a fully restored Victorian house with its own detached guest house/carriage house. The main house features 6 bedrooms, 6 baths, fully equipped gourmet kitchen with breakfast and family area, fireplace, and walk out French doors to outside deck. High ceilings, large windows, fireplace, and game table highlight the living room area next to the formal dining room which seats up to 16 people. The lower level with 13 foot ceilings, large windows and lots of light, has a steam room, pool table as well as two en suite bedrooms, and a living/media area. The Guest house is a small Feng Shui gem featuring 2 bedrooms and 2 baths. Walking distance to Music Tent, Aspen Institute, and downtown Aspen and its amenities." 2010 Taxes: $15,670. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 12/05/2011; Sold Date: 12/07/2011. (Photos and broker comments courtesy of Morris & Fyrwald, Sotheby's Intl Realty.)

MLS #122449 - Snowmass Village, Brush Creek single family home, 84 Red Tail Lane, Snowmass Village, CO: Sold Price: $1,287,500/$410 sq ft partially furnished. More details below photos.

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MLS #122449 - Snowmass Village, Brush Creek single family home, 84 Red Tail Lane, Snowmass Village, CO: Sold Price: $1,287,500/$410 sq ft partially furnished; Ask Price: $1,359,000. (Original Price: $1,350,000 and 114 days on the market since 08/17/2011.) This was a well-priced, extremely attractive property that generated a lot of interest in the shrot time it was on the market. It is a 1991 built/2011 remodeled, 4 bedroom/3 bath, 3139 single family home with 2 car garage. Broker comments are, "A wonderful, impeccably maintained mountain home that is sure to steal your heart. So much to love--morning and sunset light on Independence Pass, the soft sound of wind chimes from gentle summer breezes across the lovely two-tiered outdoor spaces, the warm wood interior designed for entertaining, and heartening panoramic views from the master suite. Youve found the sweet spot." 2010 Taxes: $6,589; HOA Dues: $350 Qtr. Under Contract Date: 09/10/2011; Sold Date: 12/09/2011. (Photos and broker comments courtesy of BJ Adams & Associates.)

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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