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The Estin Report: State of the Aspen Real Estate Market 2011 Year and 4th Quarter

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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 inquiries, comments and business. Call 970.920.7387 or email: testin@masonmore.com

About this Report

This Aspen Snowmass real estate report documents sales activity for the 4th Quarter and full Year 2011 for the upper Roaring Fork Valley - Aspen, Snowmass Village, Woody Creek and Old Snowmass. Included property types are single family homes, condos, townhomes, duplexes and residential vacant land at sold at prices over $250,000. Fractionals are not included. The report compares 2011 to 2010, prior quarter and prior year quarter and historical data since 2004. There are three sections: Aspen/Snowmass total market, Aspen market (includes small Woody Creek and Old Snowmass areas) and Snowmass Village (the ski resort) market. The source data is from the Aspen/Glenwood MLS.

Click image or link to full report pdf with charts and graphs

(An Index of Charts and Graphs is available on Pg 2 of the report.

Please contact Tim Estin for chart jpg images if desired.)

Executive Summary

Total Aspen Snowmass Market

Year over year, the 2011 total Aspen and Snowmass real estate market is up +15% in dollar sales and +25% in unit sales over 2010 due to the strength of the first half of the year.

Quarterly comparisons this year indicate a loss of momentum in the 2nd half of the year.

Q4 2011 $176.3M (+13% from Q3 2011) 50 unit sales (no change from Q3 2011)

Q3 2011 $156M dollar sales (-33% from Q2 2011) 50 unit sales (-9% from Q2 2011)

Q2 2011 $233M dollar sales (+11% from Q1 2011) 55 unit sales (-2% from Q1 2011)

Q1 2011 $209M dollar sales 56 unit sales

Whether this drop-off is temporary or longer lasting remains to be seen but positive macro economic news at the end of the 2011 bodes well for the beginning of the new year. However, the lack of snow in late December and early January is just one more element of uncertainty in the real estate mix to be considered.

Go to full Executive Summary and Report

Disclaimer: The statements made in The Estin Report and on Tim Estin's blog represent the opinions of the author not 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 testin@masonmorse.com. The Estin Report is copyrighted 2012 and all rights reserved. Use is permitted subject to the following attribution: "The Estin Report: State of the Aspen Market, By Aspen broker Tim Estin, mba, gri."


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