The Estin Report Aspen Snowmass Weekly Real Estate Sales and Statistics: Closed (9) and Under Contract (12): Jan 29 - Feb 05, 12

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.

Market Commentary - On top of 2011 which ended up +15% in dollar volume and +25% in unit sales for the year over 2010, Jan 2012 moved dramatically forward over Jan 2011, +45% in units sold and +24% in dollar volume .

Under Contract / Pending (12): MLS# 124023, 123928, 123644, 122662, 123435, 111755, 122414, 123849, 122173, 123937, 120977, 123634. This link is valid for 30 days until 03/05/2012. Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate.

Closed (9): MLS# 115037, 117103, 119104, 123077, 120194, 124124, 114690, 120763, 123097 . This link is valid for 30 days until 03/05/2012.

Select Aspen Solds Last Week:

MLS #115037 - Aspen, Central Core, East Aspen Addition single family home, 934 E. Cooper Avenue, Aspen, CO: Sold Price: $4,500,000/$1,053 sq ft partially furnished. More details below photos.

MLS #115037 - Aspen, Central Core, East Aspen Addition single family home, 934 E. Cooper Avenue, Aspen, CO: Sold Price: $4,500,000/$1,053 sq ft partially furnished; Ask Price: $4,950,000. (Original Price: $7,995,000 and 706 days on the market since 02/20/2010.) This is 1995 built, 5 bedroom/5 bath/2 half bath, 4,270 sq ft single family home with 2 car garage. Broker comments are, "A Masterpiece...romanticized Victorian architecture meets state of the art design and antique appointments. Undoubtedly one of the most unique residences in all of Aspen. Outfitted with late 19th and early 20th Century antiques purchased throughout the world. This incredible residence features a roof top deck with hot tub and dining area with stunning views of Aspen Mountain. Other features and details too numerous to list. A must see." 2010 Taxes: $13,694. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/06/2012; Sold Date: 01/27/2012. (Photos and broker comments courtesy of Coldwell Banker Mason Morse.)

MLS #117103 - Aspen, Central Core Penthouse Condo facing the proposed Aspen Art Museum, 630 E. Hyman Avenue, Aspen, CO: Sold Price: $5,175,000/$2,070 sq ft unfurnished. More details below photos.

MLS #117103 - Aspen, Central Core Penthouse Condo facing proposed Aspen Art Museum, 630 E. Hyman Avenue, Aspen, CO: Sold Price: $5,175,000/$2,070 sq ft unfurnished; Ask Price: $5,500,000. (Original Price: $5,500,000 and 575 days on the market since 06/24/2010.) This is a 2011 built, 3 bedroom/3 bath/1 half bath, 2,500 sq ft penthouse condo across the street from the proposed new Aspen Art Museum with 2 car garage. Broker comments are, "This stylish and elegant top-floor, contemporary penthouse located two blocks from the gondola is fully approved and ready for construction! Thoughtful design includes a functional floorplan all on one level with stunning, top-of-the-line finishes. 3 bedrooms + study and 1700 sq ft of snowmelted outdoor living space located right off the main area wrapping the south and east sides of the home. Floor to ceiling windows with jaw-dropping views of Aspen Mountain, Independence Pass and Hunter Creek; incredible all day sun. Private 2-car garage and plenty of storage with elevator access to the penthouse. An extraordinary opportunity in downtown Aspen that're sure to generate wow." 2011 Taxes: TBD; HOA Dues: TBD. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/20/2010; Sold Date: 01/20/2012. (Photos and broker comments courtesy of BJ Adams.)

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. Real Estate. 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 followig attribution: "The Estin Report: State of the Aspen Market, By Aspen broker Tim Estin, mba, gri."