The Estin Report - Aspen, Colorado
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The Estin Report
Aspen real estate intelligence
updated regularly

www.EstinAspen.com
For the most reliable service, information, discretion, and loyalty you can imagine. Straight talk. And a work ethic you won't believe.

Tim Estin
Tim Estin mba, gri
Broker Associate
970-920-7387
testin@masonmorse.com

information is not created equal

The Clock is Ticking
to Buy in Aspen

Aspen/Mtn Time

The Estin Report - Aspen, Colorado
The Estin Report
The Estin Report - Aspen, Colorado
The Estin Report - Aspen, Colorado

Aspen Real Estate - Be Informed

Mid-Winter 2010: Is it Time to Buy?

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"We try to get in when the perception of risk is much greater than the reality of risk."

Investor Wilbur Ross, NPR Radio interview, March 2009

Read more...
 
Three New Estin Reports: 4th Qtr 2009, Year 2009, Years 2004-2009 Comparisons.

02/03/10: The Estin Report has posted two reports and a year over year comparison series: 1) 4Qtr 2009 (Oct. 1 - Dec. 31, 2009 ) Aspen Snowmass Residential Real Estate Summary Chart compared to 4th Quarter 2008; 2) Year 2009 Jan 1, 2009 - Dec. 31, 2009 compared to full year 2008: 3) 2004-2009 Year Comparisons: Aspen Snowmass single family home and condo/duplex sales Prior quarterly and annual reports are available in the Aspen Real Estate Archives Section in their respective 2006 - 2010 Market Statistics folder.

 
Tim Estin Interviewed on Colorado Public Radio

On 12/24/09, Colorado Public Radio interviewed "Aspen real estate broker and blogger" Tim Estin about recent trends in one of the wealthiest markets in the country. To listen, click link: "Aspen Real Estate Goes Through Peaks and Valleys" … (Also, see: CO Public Radio Dec. '09 schedule). My blog post 01/04/10 The Estin Report: Aspen Real Estate 'White Paper' Year End 2009" is derived from notes in preparation for that interview.

 
Pitkin County Pushes Smaller Homes

The Durango Telegraph
The Independent Weekly Line On Durango and Beyond

[Vol. 5, No36, September 7, 2006]

ASPEN – Pitkin County in early July adopted a law capping sizes of new homes at 15,000 square feet. Some homebuilders seem to fear even more restrictive laws could be enacted.

“The general atmosphere is one of fear in terms of eventually reducing house size in the future,” said one real estate broker, Tim Estin, of Mason & Morse. He told The Aspen Times that with land prices so high in Pitkin County, real estate buyers probably feel compelled to build houses as large as possible on their property.

Of course, Aspen does cater to the world’s wealthiest 1 to 3 percent of citizens. That probably explains why the average new home in Pitkin County is about 5,000 square feet, compared to the median of about 2,450 square feet nationally. But even that national figure is 250 percent larger than comparable homes built in 1950.

In taking aim at large homes, Pitkin County had several justifications. A larger home requires more construction vehicles, such as dump trucks, which create more damage to roads. Once completed, according to a 1999 study conducted by the county, homes larger than 3,500 square feet generate more demand for services such as cleaning and landscaping than do smaller homes.

And finally, larger homes require more energy to heat and, even in Aspen, cool. “The trend we’re seeing, including the trend in luxury homes, is moving in the opposite direction of that which we need to go,” said Dan Richardson, the global warming coordinator for Aspen.

However, Richardson cautioned that larger does not always mean more polluting. One 11,000-square-foot house surveyed by the town in its global warming program, called Canary Initiative, had fewer total emissions than one that was 8,000 square feet.

Still, the general moralistic bent is expressed well by Mick Ireland, a county commissioner. Aspen “has a late-empire-of-Rome feel to it that’s kind of disturbing,” he told the Times. “Excess, everywhere you look.”

 
The Estin Report - Aspen, Colorado
The Estin Report - Aspen, Colorado
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