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

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 - For recent sales activity see The Estin Report blog. Real estate broker Tim Estin posts on the State of the Aspen Market.

Summer 2010: Time to Buy in Aspen?

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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

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The Estin Report: 2nd Quarter 2010 - Aspen Snowmass Residential
                                               
            The Estin Report: 2Q2010 rev.             The Estin Report:Vacant Land           Article on Estin Land report
            Aspen Snowmass Residential                            2004-2010 YTD                                     June 23, 2010
 
1) The Estin Report 2Q2010: Aspen Snowmass Residential  (revised July 10, 2010 (pg 1,9 &10)

2) Aspen Snowmass Vacant Land Report: 2004 - 2010 YTD (June 18, 2010)
3) 1Qtr 2010 (Jan 1 - March 31, 2010) Aspen Snowmass Residential Real Estate Summary
4) 4Qtr 2009 (Oct. 1 - Dec. 31, 2009 ) Aspen Snowmass Residential Real Estate Summary Chart compared to 4th Quarter 2008
5) Year 2009: Jan 1, 2009 - Dec. 31, 2009 compared to full year 2008
6) 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.

 
Summer 2010 Reading: "What's Your Property Worth?" and "Stealing Condos"...Aspen Magazine & Aspen Sojourner
                                 

                     Aspen Magazine: "Whats Your Property Worth?"               Aspen Sojourner: Market Watch - "Stealing Condos"

 
Big Chill in Colorado Mountain Resort Home Sales Starting to Thaw, Denver Post

05/23/10 article: "While first-quarter sales in all of Pitkin County were down compared with a year ago, they increased in the Upper Roaring Fork Valley communities of Aspen, Snowmass Village, Woody Creek and Old Snowmass. 'So far this year, 79 residential properties have closed, a 49 percent increase over the same period a year ago', said Aspen broker Tim Estin (of Mason Morse Real Estate and author of The Estin Report and blog on Aspen Snowmass real estate).'There are some significant bargains here based on trends and prices,'  Estin said. 'I would definitely say the smart money is recognizing that and there are transactions occurring'."

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Aspen Real Estate Goes Through Peaks and Valleys, 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
Mason and Morse
The Estin Report - Aspen, Colorado
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