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The Estin Report Aspen Snowmass Real Estate Weekly Market Update:(2) Closed and (0) Under Contracts: Jan. 23 - 31, 10

There were only two properties that sold this past week following the prior week 's "surge" in Snowmass Village activity. (This summary includes all types of properties over $250,000 including vacant lots but not fractionals).

The Estin Report has posted final 4Qtr 2009 and Year 2009 Aspen Snowmass Residential Real Estate Charts this week. An executive summary will be posted shortly.. Tim

Closed (2): 108533, 114015 Link is valid until 03/01/10

MLS# 108533 – 400 W. Hopkins Units # 6 & 7, West Aspen 5-6 blocks from downtown Aspen: Ask Price: $1,960,000; Sold Price: $1,550,000./$1,286sq ft (Original Price: $2,750,000., 420 days on the market). This is a 3 bdrm/3bath, 1,205 sq ft condo built in 1973 within a comfortable walk to the Aspen core. HOA dues are only $2,105, relatively inexpensive.

MLS # 114015 – 1365 Sage Court, off Red Butte Dr., Aspen,CO: Ask Price: $2,250,000; Sold Price: $2,125,000/$879 sq ft. (Original Price:$2,250,000. Listed on 12/7/09. It had been on market before at original $3,485,000 from 1/11/07 – 10/01/07).This is a 3 bdrm/3.5 bath single family Aspen home, 2,560 sq ft home built in 1973/remodeled 1988 with3-car garage on .63 acres. It was sold most likely as a tear down for lot value.Listing broker comments were, “Liveable family home on oversized site in quiet West Aspen cul de sac. Mature trees, steps to Roaring Fork River and up to 5200sq. ft. FAR highlight this property just off Red Butte Drive. Motivated Seler-- MUST SELL!”.