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The Estin Report Aspen Snowmass Weekly Real Estate Sales and Statistics: Closed (8) and Under Contract (11): Feb 26 - Mar 04, 12

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Coldwell Banker Mason Morse Aspen broker Tim Estins complete post on the prior week's Aspen property sales is released Monday mornings at his website and at times during the week. The Estin Reports: State of the Aspen Market are available there also. 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

THE ESTIN REPORT: STATE OF THE ASPEN REAL ESTATE MARKET 2011 YEAR AND 4TH QUARTER released Jan 9, 12

Go to EstinAspen.com for executive summary and full report

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

See just posted The Estin Report: Feb 2012 Total Aspen Snowmass Market Sales Charts with commentary. Separate charts for Aspen and Snowmass Village have been posted as well on my site. Going forward monthly sales snapshots will be published on the 1st Monday of each month.

An article in the Aspen Business Journal three weeks ago provides an in-depth review of data and reports on Aspen real estate 2011 performance and where we are headed. It includes an interview with Tim Estin. See the Feb. 6, 12 article, "Aspen Real Estate: Improvements with Caveats in 2011".

Under Contract / Pending (11): MLS# 124507, 124451, 123373, 121797, 121961, 117043, 124229, 122406, 123792, 124323, 113946. This link is valid for 30 days until 04/04/2012. Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate.

Closed (8): MLS# 115247, 123671, 123928, 124507, 124451, 123937, 123632, 121785 . This link is valid for 30 days until 04/04/2012.

Select Aspen Solds Last Week:

MLS #115247 - East Aspen, Aspen Club condo, 1426 Crystal Lake Road, Aspen, CO: Sold Price: $1,950,000/$865 sq ft unfurnished. More details below photos.

MLS #115247 - East Aspen, Aspen Club condo, 1426 Crystal Lake Road, Aspen, CO: Sold Price: $1,950,000/$865 sq ft unfurnished; Asking Price: $2,250,000. (Original Price: $2,850,000 and 740 days on the market since 03/10/2010.) This is a 1976 built, 4 bedroom/3 bath/1 half bath, 2,600 sq ft condo with 2 car carport. Broker comments are, "Enjoy the quiet east end of Aspen from this spacious 2600 square foot, 3 or 4 bedroom Aspen Club Townhome. Open living area with lots of light, 3 fireplaces, 2 car carport, upgraded finishes and much more." 2011 Taxes: $4,801; HOA Dues: $5,226 Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/19/2012; Sold Date: 02/28/2012. (Photos and broker comments courtesy of Coldwell Banker Mason Morse.)

MLS #123671 - Aspen, Central Core, Der Berghof condo, 110 E. Cooper Avenue #8, Aspen, CO: Sold Price: $760,000/$526 sq ft furnished plus approximately $650,000 additional Special Assesment due to buyer upon purchase for renovation completion of complex. More details below.

MLS #123671 - Aspen, Central Core, Der Berghof condo, 110 E. Cooper Avenue #8, Aspen, CO: Sold Price: $760,000/$526 sq ft furnished plus approximately $650,000 additional Special Assessment due to buyer upon purchase for renovation completion of complex to commence spring 2012; Asking Price: $1,375,000. (Original Price: $1,375,000 and 72 days on the market since 12/18/2011.) This is a 1962 built/2013 remodeled, 2 bedroom/3 bath, 1,444 sq ft condo. Broker comments are, "Opportunity knocks for new construction in the core. Get in on the ground floor for top floor opportunity. Great loft condo with incredible Aspen Mountain views. Building will be totally rebuilt/remodeled April 2012. Additional 600 square feet will make this property a two bedroom plus den, three bath unit on two levels with two balconies. Fully approved plans are available for review. Views, walk to town, parking. See Listing Agent for details. Special Assessment paid at closing by Seller and included in purchase price. 2010 Taxes: $1,675; HOA Dues: $970 Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/12/2012 Sold Date: 02/28/2012. (Photos and broker comments courtesy of SDS Real Estate.)

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

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