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The Estin Report Aspen Snowmass Weekly Real Estate Market Update: Closed (12) and Under Contract (8): Apr 8 - 15, 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

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

The Estin Report: Q1 2012 State of the Aspen Market will be published shortly on my website. My apology for the delay - unexpected family health issues came up in the past week.

Under Contract / Pending (8): MLS # 124761, 121136, 121679, 122486, 112528, 114380, 123731, 119046. This link is valid for 30 days until 05/15/2012. Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate.

Closed (12): MLS# 118083, 122903, 124477, 119568, 121475, 121933, 124229, 119261, 121423, 122711, 123634, 110066. This link is valid for 30 days until 05/15/2012.

Aspen Snowmass Solds Last Week:

MLS #118083 - Aspen, Castle Creek single family river front home, 243 Conundrum, Aspen, CO: Sold Price: $5,000,000/$875 sq ft unfurnished. More details below photos.

MLS #118083 - Aspen, Castle Creek single family river front home, 243 Conundrum, Aspen, CO: Sold Price: $5,000,000/$875 sq ft unfurnished; Asking Price: $5,395,000. (Original Price: $10,150,000 and 1,038 days on the market since 07/07/2009.) Located approximately 4 miles up Castle Creek from the roundabout, this is a 2009 built, 5 bedroom/5 bath/1 half bath, 5,708 sq ft single family home with 2 car garage. 2011 Taxes: $16,257. Under Contract Date: 03/23/2012; Sold Date: 04/05/2012. (Photos courtesy of Aspen Sales & Rentals.)

MLS #119261 - Snowmass Village, Two Creeks single family home, 21 Burnt Mountain Circle, Snowmass Village, CO: Sold Price: $8,061,900/$1,228 sq ft unfurnished. More details below photos.

MLS #119261 - Snowmass Village, Two Creeks single family home, 21 Burnt Mountain Circle, Snowmass Village, CO: Sold Price: $8,061,900/$1,228 sq ft unfurnished. Asking Price: $9,500,000. (Original Price: $8,700,000 and 741 days on the market since 12/29/2010.) This is a 2011 built, 5 bedroom/5 bath/2 half bath, 7,732 sq ft single family home with 2 car garage. Broker comments are, "The largest & most well located home available in all of Two Creeks. This home defines 'luxurious convenience'. Perhaps the most easily accessible ski home in Aspen/Snowmass, this property offers unobstructed views of the Hanging Valley Wall and the Two Creeks ski area. With soaring ceilings,great room,family room,media room, billiards room & built in bar, all custom finishes throughout the home are slated for completion and delivery in time for the 2011/2012 ski season. There are absolutely no steps from the driveway, private walkway or garage into the main living area of this stately home, virtually unheard of in a ski-in/ski-out home. Easy access to downtown Aspen via Owl Creek Rd & less than 1/4 mile to the golf resort and 19,000 sq ft health and fitness facility at the Snowmass Club." 2011 Taxes: $37,184; HOA Dues: $90 Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 03/13/2012; Proposed Close Date: 04/12/2012. (Photos and broker comments courtesy of Aspen Snowmass Sotheby's.)

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 exlusively 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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