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The Estin Report Aspen Snowmass Weekly Real Estate Sales & Statistics: Closed (6) and Pending (7): Apr 29 - May 06, 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: April 2012 Monthly Snapshot (link to Charts and Tables). Scroll down page for last week's sales activity.

The Estin Report: Aspen* Snowmass April 2012 Unit Sales, Inventory and Next Months Pending

Click image for snapshot report

Summary Comparison

April 2012 vs April 2011

(Now vs Then, Year over Year, rev. 05/08/12)

Total Aspen Snowmass Market

  • Unit Sales: down -12%, 30 sales now vs 34 sales then
  • Dollar Volume: down -20%, $72M now vs $93M then
  • Listing Inventory: down -4%, 1,128 properties for sale now vs 1,178 then
  • Year-to-Date Dollar Volume: down -26%, $257M now vs $349M then

Aspen Market

  • Unit Sales: down -24%, 16 sales now vs 21 sales then
  • Dollar Volume: down -23%, $52M now vs $68M then
  • Listing Inventory: down 11%, 550 properties for sale now, 618 then
  • Year-to-Date Dollar Volume: -29%, $200M now vs $281M then

Snowmass Market

  • Unit Sales: up 8%, 14 sales now vs 13 sales then
  • Dollar Volume: down -10%, $20M now vs $22M then
  • Listing Inventory: up 3%, 301 properties for sale now, 293 then
  • Year-to-Date Dollar Volume: down -15%, $57M now vs $67M then

April 2012 Sold Properties Links (Links to property details and photos are valid for 30 days until June 7, 2012)

The Estin Report: Q1 2012 State of the Aspen Market Published 4/22/12

Click image for executive summary and full report pdf

Last Week's Activity

Under Contract / Pending (7): MLS #: 116449, 124415, 125183, 123542, 119972, 123511, 125008. This link is valid for 30 days until 06/06/2012. Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate.

Closed (6): MLS #: 121620, 121341, 122817, 124358, 125269, 122026 . This link is valid for 30 days until 06/06/2012.

Select Aspen Solds Last Week

MLS #121620 - Aspen, Red Mountain single family home, 95 Wrights Road, Aspen, CO: Sold Price: $12,200,000/$1,315 sq ft furnished. More details below photos.

MLS 121620 - Aspen, Red Mountain single family home, 95 Wrights Road, Aspen, CO: Sold Price: $12,200,000/$1,315 sq ft furnished; Asking Price: $12,900,000. (Original Price: $16,900,000 and 513 days on the market since 06/22/2010.) This is a 2000 built, 6 bedroom/6 bath/3 half bath, 9,273 sq ft single family home with 3 car garage on 0.94 acres. Broker comments are, "Sophisticated, picture-perfect Red Mountain estate with unparalleled finishes and attention to detail. Cozy enough for two, the master suite shares its level with the living room/formal dining room, office, and gourmet kitchen. Spacious enough for extended family and guests, the downstairs level features 5 additional bedrooms including 2 guest masters, family room, game room, media room, gallery and wine cellar, and snow melt drive, terraces, and walkways. If your style is more contemporary, take a look at the photos of designer renderings showing how easy a slight remodel would be." 2011 Taxes: $28,387; City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/19/2012; Sold Date: 05/04/2012. (Photos and broker comments courtesy of SDS Real Estate.)

MLS #121341 - Aspen, Central Core, Calderwood single family home, 1118 Waters Avenue, Aspen, CO: Sold Price: $2,750,000/$1,244 sq ft unfurnished. More details below photos.

MLS #121341 - Aspen, Central Core, Calderwood single family home, 1118 Waters Avenue, Aspen, CO: Sold Price: $2,750,000/$1,244 sq ft unfurnished; Asking Price: $3,095,000. (Original Price: $5,400,000 and 990 days on the market since 05/19/2009.) This is a 1990 built, 3 bedroom/2 bath, 2,209 sq ft single family home on 0.21 acres. Arguably, the selling price is is at or very near lot value. Broker comments are, "One-of-a-kind unique Aspen log style home located on a quiet cul-de-sac in the heart of downtown Aspen just 4 blocks from the base of Aspen Mountain; and an easy walk to popular retail shops and restaurants of Aspen. This home makes you feel like youre deep in the Colorado Mountains with a cozy ambiance throughout; but at the same time, you have all the modern home amenities. In addition to the home itself, the surrounding grounds are special with plenty of green trees, a stream running through the back yard, a hot tub gazebo and plenty of outdoor patio and deck space to enjoy the mountain ambiance. Sit on the deck of your Aspen mountain home looking up at the surrounding mountain with the sound of a mountain stream in the background." 2011 Taxes: $8,552. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/16/2012; Sold Date: 05/01/2012. (Photos and broker comments courtesy of Frias Properties.)

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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