"The big difference between this quarter and the same period last year is the significant increase in lower end sales under $1M, the lack of big ticket (+$10M) sales and a gaping hole of inactivity in the $5-10M sales range. The increase in lower end sales indicates a widening of Aspens real estate recovery base no longer limited to exclusively headline capturing high-end purchases." Tim estin, The Estin Report: Q1 2013 State of the Aspen Market

By Tim Estin mba, gri | Previews Specialist | 970.920.7387 | Coldwell Banker Mason Morse Aspen released April 20, 2013 v9.4

Click image or link to exec. summary and full report pdf

The report documents sales and market activity for the 1st Quarter 2013 (Jan. 1 - Mar. 31) for the upper Roaring Fork Valley - Aspen, Snowmass Village, Woody [...]

State of the Aspen Market, Q3 2012 Excerpt: "The 3rd Quarter 2012 proved to be remarkably strong in general but especially in the sales of Aspen single family homes. While Aspen total dollar sales account for 83% of the entire Aspen and Snowmass Village dollars combined, Aspen single family homes sales account for a whopping 56% of the total combined market dollars. Sales of Aspen homes were up 46% in dollar volume and 22% in unit sales for the 3rd Quarter over the same period last year. Single family home pricing pressure appears to have eased through the 3rd Quarter 2012: median prices, generally a more accurate indicator of pricing trends as average prices can be skewed disproportionately by very high or low sold prices, are up marginally, 3% , to $3.8M in Q3 2012 versus $3.7M last year same time; single family home price per sq ft increased +13% to $1,013 sf in Q3 2012 from $899 sf same time last year arresting the downward trend of the past 4 years. Both metrics median prices and price per sq ft can be seen as positive signs of home price stabilization."

"This is a developer spec built 2008 built/2010 remodeled, 5 bedroom/5 bath/2 half bath, 7,940 sq ft single family home on 2.63 acres with 2 car garage. It sold as a bank short sale on 7/2/10 for $5.5M/$757 sq ft. The buyer did some minor remodel work then turned around and put it back on market at $11.85M. Even at sold price $7.8M, a tidy profit."