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The Estin Report Aspen Snowmass Weekly Real Estate Sales and Statistics: Closed (3) and Under Contract (12): Apr 1 - 8, 2012

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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: Q1 2012 State of the Aspen Market is in process. To be published shortly. In the meantime, see preliminary observations and thoughts below.

THE ESTIN REPORT: 2011 YEAR - STATE OF THE ASPEN REAL ESTATE MARKET 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: Total Aspen Snowmass Market

Q1 2012 Stats:

Q1 2012 vs Q1 2011 Solds Comparison:

Q1 2012

  • $182,919,682 (- 28%)
  • 55 Units (- 27%)

Q1 2011

  • $258,100,856 (+ 84%)
  • 75 Units (+ 63%)

Q1 2010

  • $140,572,900 (+ 47%)
  • 46 Units (+ 48%)

Q1 2009

  • $95,737,945
  • 31 Units

Q1 2012 vs Q1 2011 Over $5M and $10M Home Sold Comparison:

Over $10M Home Sales Q1 2012:

  • Q1 2012 = sales >$10M (1 sale) or -83%
  • Q1 2011 = sales >$ 10M (6 sales)

Over $5M Home Sales Q1 2012:

  • Q1 2012 = sales >$5M (7 sales) or -42%
  • Q1 2011 = sales >$5M (12 sales)

See my commentary on these statistics at www.EstinAspen.com April 9, 12 blog posting.

Under Contract / Pending (12): MLS# 121251, 114135, 123961, 123277, 124903, 124301, 121936, 118083, 122026, 121730, 123731124358. This link is valid for 30 days until 05/08/2012. Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate.

Closed (3): MLS# 121961, 118450, 123373 . This link is valid for 30 days until 05/08/2012.

Select Aspen Snowmass Solds Last Week:

MLS #121961 - Aspen, West End, Sagewood condo, 910 W. Hallam #10, Aspen, CO: Sold Price: $537,500/$653 sq ft unfurnished. More details below photos.

MLS 121961 - Aspen, West End, Sagewood Condominiums, 910 W. Hallam #10, Aspen, CO: Sold Price: $537,500/$653 sq ft unfurnished; Asking Price: $575,000. (Original Price: $995,000 and 1,723 days on the market since 05/22/2008.) This is a 1970 built, 2 bedroom/1 bath, 822 sq ft condo. Broker comments are, "Amazing opportunity. Priced to sell. Seller has identified a replacement property. This top floor corner unit, 2 bedroom, 1 bath condo is conveniently located in Aspen's West End. Walk to the music tent, Aspen Meadows, and downtown Aspen. Finishes include granite counters, vaulted ceilings, skylights, in unit washer/dryer, storage locker and assigned parking. Pets allowed owner." 2011 Taxes: $1,786; HOA Dues: $1,300 Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/24/2012; Sold Date: 04/02/2012. (Photos and broker comments courtesy of Coldwell Banker Mason Morse.)

MLS #118450 - Snowmass Village, Ridge Run single family home, 364 Ridge Road, Snowmass Village, CO: Sold Price: $3,850,000/$986 sq ft unfurnished. More details below photos.

MLS #118450 - Snowmass Village, Ridge Run single family home, 364 Ridge Road, Snowmass Village, CO: Sold Price: $3,850,000/$986 sq ft unfurnished; Asking Price: $4,900,000. (Original Price: $4,900,000 and 545 days on the market since 10/07/2010.) This is a 1977 built/2005 remodeled, 5 bedroom/4 bath/1 half bath, 3,9902 sq ft single family home with 2 car garage. Broker comments are, "This home in Lower Ridge Run,was Rebuilt from the studs in 2006, Creating an Inviting Mountain Casual, Warm, Comfortable Retreat. Features include Five bedrooms, 2 Fireplaces, 2 large Decks for Outdoor Living, Media Room,Great Views and a Timber's Club Social Membership included with Deeded Parking Space." 2011 Taxes: $8,494; HOA Dues: $3,500 Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 02/02/2012; Sold Date: 04/02/2012. (Photos and broker comments courtesy of Joshua & Co.)

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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