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The Estin Report: Aspen Snowmass Real Estate Weekly Market Update Closed (8) and Under Contract (6), Dec 11 - 18, 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 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: 2011 Holiday Year-to-Date: State of the Aspen Market will be released later this week.

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

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

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.

Under Contract / Pending (6) MLS #s 119006, 113457, 122519, 115993, 122616, 119240. This link is valid for 30 days until 01/17/2012. Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate.

Closed (8) MLS #s 122899, 119050, 121018, 123341, 113436, 123054, 115993 (5th Ave #200 Condo closed while posting) , 121061. This link is valid for 30 days until 01/17/2012.

Featured Aspen Solds Last Week:

MLS #122899 - Historic West End, Victorian style home near intersection of Lake Ave. and Gillespie, 330 Gillespie Street, Aspen, CO: Sold Price: $4,900,000/$1,159 sq ft unfurnished. More details below photos.

MLS #122899 - Historic West End, Victorian style home adjacent to Lake Ave next to Aspen Music Festival, single-family home, 330 Gillespie Street, Aspen, CO: Sold Price: $4,900,000/$1,159 sq ft unfurnished; Ask Price: $4,900,000. (Original Price: $5,800,000 and 522 days on the market since 07/08/2010.) This is an 1888 built/2009 remodeled, 4 bedroom/4 bath/1 half bath, 3,880 sq ft single family home with 1 car garage. Broker comments are, "Fantastic modern interior, super hip, spacious,''THE'' location in the West End and Party Ready ... yet quiet & private, just steps to hiking trails, the music tent, Harris Hall, The Aspen Meadows ... you get the drift (perfect location). Super light and bright house, works for a couple or a house full ... great entertaining spaces, peaceful outdoor deck off of the master suite and a yard for the kids or dogs." 2010 Taxes: $12,665. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 10/17/2011; Sold Date: 12/12/2011. (Photos and broker comments courtesy of Morris & Fyrwald, Sotheby's Intl Realty.)

MLS #119050 - Aspen, Central Core, 1000 E. Hopkins townhome with both direct Aspen Mtn views and river frontage, 970 E. Hopkins Avenue #6, Aspen, CO: Sold Price: $4,250,000/$1,253 sq ft unfurnished. More details below photos.

MLS #119050 - Aspen, Central Core, 1000 E. Hopkins townhome with both direct Aspen Mtn views and river frontage, 970 E. Hopkins Avenue #6, Aspen, CO: Sold Price: $4,250,000/$1,253 sq ft unfurnished; Ask Price: $5,295,000. (Original Price: $7,600,000 and 987 days on the market since 03/30/2009.) This is 1996 built/2007 remodeled, 4 bedroom/4 bath, 3,391 sq ft townhome with 2 car garage. Broker comments are, "One of a kind - unique property. This townhome has everything a buyer could want . . . just the right size, on the river, on quiet street yet only two blocks from downtown core; large spacious living room, dining room and kitchen with high vaulted ceilings and fabulous views looking south at Aspen Mountain; rooftop deck with 360 degree views and jacuzzi; and 2-car garage. Perfect low maintenance home for either full or part-time residents." 2010 Taxes: $14,715; HOA Dues: $3,968 Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 11/07/2011; Sold Date: 12/12/2011. (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 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 an 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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