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The Estin Report: Aspen Snowmass Real Estate Weekly Market Update Closed (3) and Under Contract (2): Dec. 18 - 25, 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 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 in the upper Roaring Fork Valley excluding 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

Under Contract / Pending (2): MLS #s 121326,117227... #122662 fell out of contract over the weekend. This link is valid for 30 days until 01/25/2012. Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate.

Closed (3): MLS #s 119173, 119776. 122616. This link is valid for 30 days until 01/25/2012.

Featured Aspen Sold Last Week:

MLS #122616 - Aspen, Central core, Caribou condo, 701 S. Monarch Street, Unit 2, Aspen, CO: Sold Price: $2,495,000/$1,305 sq ft furnished. More details below photos.

MLS #122616 - Aspen, Central core, Caribou condo, 701 S. Monarch Street, Unit 2, Aspen, CO: Sold Price: $2,495,000/$1,305 sq ft furnished; Ask Price: $2,745,000. (Original Price: $2,995,000 and 498 days on the market since 08/12/2010.) This is a 1973 built/2010 remodeled, 3 bedroom/3 baths, 1,911 sq ft condo. Broker comments are, "Owner says sell. Further $250,000 reduction. On Aspen Mountain, this luxury townhouse is both private and exclusive (no short term rentals). 1,911 sq.ft per assessor of open plan, top floor living with an elevator. Very peaceful yet central to the core, it is close to all town activities while providing direct mountain access. Big views of Shadow Mountain, Red Butte and beyond. The light sun-filled living areas and separate office are complemented by 3 bedrooms, each with its own bathroom. Additionally there are useful utility room and storage spaces. Both the exterior and interior have been recently remodeled to a very high standard. Shares a swimming pool and hot tub with just 5 other owners. Furniture negotiable." 2010 Taxes: $9,221; HOA Dues: $3,250 Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 12/02/2011; Sold Date: 12/23/2011. (Photos and broker comments courtesy of Robert MacGregor.)

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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