Back To Blog

The Estin Report: Q4 2012 and Year 2012 State of the Aspen Snowmass Real Estate

  • By
  • Posted

By Tim Estin mba, gri | Previews Specialist | Coldwell Banker Mason Morse - Aspen, CO | www.EstinAspen.com

Click image to access full report pdf


2012 Executive Summary

The purpose of this report is twofold: 1) report on the 4th Quarter 2012 Aspen Snowmass real estate market; 2) report market performance for the year 2012. The report documents sales activity for the 4th Quarter 2012 and Year 2012 for the upper Roaring Fork Valley - Aspen, Snowmass Village, Woody Creek and Old Snowmass - for all residential property types sold over $250,000. Fractionals are not included.

Total Aspen Snowmass Market

4th Quarter 2012

In the 4th Quarter 2012 (Oct. 1st - Dec. 31), total dollar sales volume was up 41% and total unit sales were up 30% over the 4th Quarter 2011 for the total combined Aspen and Snowmass Village real estate marketplace. Anticipated 2013 changes in capital gains, gift and estate tax laws motivated a number of transactions before the end of the year and outweighed uncertainty caused by the fiscal cliff debate.

This has been the strongest performing 4th Quarter of the past four years. Aspen single family home sales, accounting for 59% of total market dollars, were especially strong, up 65% in dollar sales and up 41% in unit sales during the 4th Quarter over the same time last year.

Prior Year 4th Quarter Comparisons











Q4 2012:

  • $300M (+41% from Q4 2011)
  • 96 unit sales (+30% from Q4 2011)

Q4 2011:

  • $213M dollar sales (-18% from Q4 2010)
  • 74 unit sales (+0% from Q4 2010)

Q4 2010:

  • $260M dollar sales (+18% from Q4 2009)
  • 74 unit sales (+12% from Q4 2009)

Q4 2009:

  • $221M dollar sales
  • 66 unit sales

2012 Year

In 2012, the total Aspen and Snowmass Village combined dollar sales volume of $972M was approximately even with 2011 at $967M, 0% change, and unit sales, at (333) sold properties, were 7% above 2011 with (310) sold properties. The inventory of total active listings for sale, the measure of supply, at (1,695) in 2012 decreased 4% compared to (1,774) in 2011 and has fallen 22% from (2,167) properties for sale at its peak in 2009.

2012 was characterized by a slow first six months of the year due to lack of snow, a sputtering national economy, Euro financial woes and pre-election paralysis. Contrary to years 2009 - 2011 which experienced strong first halves only to fizzle out later in the year, 2012 sales started slowly in the first half, gained strength in the 3rd Quarter 2012 based on solidifying Aspen single family home sales and surged towards the Q4 year end.


Disclaimer: The statements made in The Estin Report and on Tim Estins blog represent the opinions of the author not Coldwell Banker Mason Morse and 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 Email him. 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 Real Estate Market, By Tim Estin, mba, gri, broker.


Add Comment

Comments are moderated. Please be patient if your comment does not appear immediately. Thank you.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.


  1. India property on

    I have read all the comments and suggestions posted by the visitors for this article are very fine,We will wait for your next article soonly.Thanks!!Real Estate
    • tahoe real estate guy on

      Ah! finally exactly what im looking for a good comprehensive report on whats going on in Aspen being as Aspen and Tahoe where im from are sort of similar i was wonder how they compare real estate wise, so thank you! great post keep up the good work! -Daytona
      • CHRISTIEMccarthy on

        This is cool that we are able to get the business loans and that opens up completely new chances.
        • Bazar Gorj Free Directory Listing on

          It's actually a cool and helpful piece of info. I'm satisfied that you shared this helpful info with us. Please keep us informed like this. Thank you for sharing.
          • CHRISTIEMccarthy on

            Some specialists state that loan aid a lot of people to live their own way, because they can feel free to buy needed things. Moreover, a lot of banks present college loan for different persons.
            • CHRISTIEMccarthy on

              People deserve very good life and loans or just short term loan would make it much better. Because freedom bases on money state.

              We’re Here to Help

              Do not fill in this field:

              I agree to be contacted by the Coldwell Banker Mason Morse via call, email, and text. To opt out, you can reply 'stop' at any time or click the unsubscribe link in the emails. Message and data rates may apply.

              This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.