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The Estin Report Aspen Snowmass Real Estate Weekly Market Update Closed (7) and Under Contract (7): Jan 08 - Jan 15, 2011

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Scroll down page for last week and prior week's market activity postings. 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

RELEASED JAN 9. 2011: THE ESTIN REPORT STATE OF THE ASPEN REAL ESTATE MARKET 2011 YEAR AND 4TH QUARTER

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 market (the ski resort). The source data is from the Aspen/Glenwood MLS.

Click image or link for executive summary and full report

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

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.

Under Contract / Pending (7): MLS# 117190, 121716, 117262, 119761, 111786, 122237, 118333. This link is valid for 30 days until 2/14/2012. Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate.

Closed (7): MLS# 123321, 121326, 123293, 120286, 122519, 119280, 123354 . This link is valid for 30 days until 2/14//2012.

Select Aspen Solds Last Week:

MLS # 123321 - Aspen, Aspen Highlands single family home, 73 Thunderbowl Lane #10, Aspen, CO: Sold Price: $3,900,000/$669 sq ft furnished. More details below photos.

MLS # 123321 - Aspen, Aspen Highlands single family home, 73 Thunderbowl Lane #10, Aspen, CO: Sold Price: $3,900,000/$669 sq ft furnished; Ask Price: $4,350,000. (Original Price: $4,350,000 and 56 days on the market since 11/14/2011.) This is a 2007 built 5 bedroom/5 baths/2 half baths, 5,824 sq ft townhouse with 2 car garage. Broker comments are, "With 5824 sq ft of living space, this 5 bedroom property lives like a single-family home but has the convenience of townhouse. The unit has vaulted ceilings, beautiful tile and wood flooring, commercial grade appliances, a gourmet kitchen, a game room with wet bar, steam showers and a snow melt driveway. HOA fees include maintenance of the property's exterior, use of the pool and gym at the Ritz Carlton Club, plus a limited free taxi service back and forth to town. A great home for both summer and winter." 2010 Taxes: $27,607; HOA Dues: $5,746 Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/06/2012; Sold Date: 01/09/2012. (Photos and broker comments courtesy of Morris & Fyrwald, Sotheby's Intl Realty.)

MLS #121326 - Aspen, West End duplex, 500 W. Smuggler, Aspen, CO: Sold Price: $2,200,000/$730 sq ft partially furnished. More details below photos.

MLS #121326 - Aspen, West End duplex, 500 W. Smuggler, Aspen, CO: Sold Price: $2,200,000/$730 sq ft partially furnished; Ask Price: $2,590,000. (Original Price: $3,567,000 and 968 days on the market since 05/27/2009.) This is a 1970 built/1999 remodeled, 5 bedroom/3 baths, 3,012 sq ft duplex with 1 car garage. Broker comments are, "West end gem two blocks from the Music Tent. Five bedroom duplex with full corner lot frontage, sunshine all day and stunning views of Aspen and Shadow mountains. Renovation completed in 2006 with top of the line hardware, appliances, cabinetry and finishes. Partially furnished and turn key." 2010 Taxes: $5,228. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 11/28/2011; Sold Date: 1/10/2012. (Photos and broker comments courtesy of Morris & Frywald, Sotheby's Intl Realty.)

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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