The President's Week Holiday was fairly busy, and, finally, we received some long awaited snow, about 27" fresh powder over the weekend.

For my take on the market at present, please listen to my interview on CO Public Radio over Christmas  2009, see The Estin Report "White Paper" on Year End 2009 and go to my Feb 2010 Update, "Time to Buy?". Lastly, click on this link for Aspen and Snowmass Village actual 2009 pricing data and 2004-2009 sold histories.

Here is this past week's Aspen and Snowmass Village real estate activity for all property types over $250,000 excluding fractionals.

Closed (5): 113746,111638, 109663, 109888, 108449  Link expires after 30 days on 3/23/10

 
MLS # 108449 - 101 Stein Way, Aspen Highlands Village, Aspen: Ask Price: $4,800,000; Sold Price: $4,375,000/$647 sq ft. (Original Price: $6,700,000 and 453 days on the market). This is a 2002 built 5 bdrm/.6.5 Ba, 6,763 sq ft, 2-car garage, elevator and central A/C Aspen Highlands Townhomewithin easy waliking distance to skiing and full bus/shuttle service to/from Aspen. (Property description and photos courtesy of Mason Morse Real Estate and Aspen/Glenwood MLS)


MLS # 109888 - 824 E. Durant, Enclave at Aspen Townhomes, Two Blocks to Gondola, Aspen: Ask Price: $ 6,250,000; Sold Price: $6,250,000/$1,536 sq ft, -5% off original price (Original List Price: $6,600,000 and 350 days on the market). This is a 1995,  4 Bdrm/4.5 Ba, 4070 sq ft townhome with 2-car garage two blocks from the Aspen Mountain Gondola.Beautiful wood finishings, vaulted ceilings and a large outdoor deck off the living room for entertaining with unobstructed views of Aspen Mountain.(Property description and photos courtesy of CB The Aspen Brokers and Aspen/Glenwood MLS)

MLS #113746 - 140 Forest Ln, Wood Run, Snowmass Village, CO: Ask Price: $5,495,000; Sold Price: $4,300,000/$1,098 sq ft, -22% off original list.  (Original Price:$5,495,000 and 99 days on the market). This is a 1977, recently remodeled,  ski in/out 3,915 sq ft home on .6 acres. 5 Bdrms/5 Ba, Near the Alpine Springs ski lift and Funnel Ski run, this is an excellent 2nd home with great ski access. (Property description and photos courtesy of Mason Morse Real Estate and Aspen/Glenwood MLS)

MLS # 109663 - 473 Divide Drive, Divide Subdivision, Snowmass Village,CO: Ask Price: $5,950,000; Sold Price: $4,750,000/$925 sq ft, -44% off original list price. (Original List Price: $8,500,000 and 363 days on the market). This is a 1994 built/2006 remodeled 5 bdrm/4 bath plus 2 half baths, 5,137 sq ft ski access desirable Divide subdivision home that sold at a considerable discount.(Property description and photos courtesy of Chafin Light Real Estate Snowmass and Aspen/Glenwood MLS)

MLS # 111638 - Vacant Lot on Tbd McLain Flats Rd, Aspen: Ask Price: $5,950,000; Sold Price: $4,500,000, -35% off Original List Price of $6,950,000 and 245 days on the market). Spectacular 13 acre view lot in one of Aspen's premier 180 degree panorama locations, this site offers large single family home development potential with abundant water rights and horse possibilities.This is the only larger vacant land tract (over 10 acres) to transfer in the past two years. For more info - sold histories - on vacant land, see The Estin Report, Vacant Land Sales 2004 -2009.  Please call or email me for further details, 970-920-7387. (Property description and photos courtesy of Morris & Fyrwald Real Estate Sothebys International RE and Aspen/Glenwood MLS)

Under Contract (5):113955, 113462, 99765, 113674, 112719  Link expires after 30 days on 3/23/10. Photos and descriptions of Under Contract/Pending properties are not posted unless special circumstances dictate.

Disclaimer: The statements made in The Estin Report and on Tim Estin's blog represent the opinions of the author 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 at This e-mail address is being protected from spambots. You need JavaScript enabled to view it This e-mail address is being protected from spambots. You need JavaScript enabled to view it . The Estin Report is copyrighted 2010 and all rights reserved. Use is permitted subject to the following attribution:"The Estin Report: State of the Aspen Market, By Tim Estin, mba, gri, www.EstinAspen.com"

This was a busy active week before the President's Week Holiday begins. All hopes are that we are poised for an even bigger surge this vacation week - falling at the same time as Mardis Gras and Brazil's Carnivale -  and then, onward through the remainder of the ski season.

For my take on the market at present, please listen to my interview on CO Public Radio over Christmas  2009, see The Estin Report "White Paper" on Year End 2009 and go to my Feb 2010 Update, "Time to Buy?". Lastly, click on this link for Aspen and Snowmass Village actual 2009 pricing data and 2004-2009 solds histories.

Here is this past week's Aspen and Snowmass Village real estate activity for all property types over $250,000 but excluding fractionals. Of note, however, there were (4) Residences at Little Nell (RLN) closings this past week for 3 and 4 bdrm units at sold prices of  $1.215M - $1.55M. For more specific RLN info, please contact me directly, 920-7387.

Closed (2): MLS #'s 112590,113253 Link is valid until 3/16/2010 - Expires 30 days from this posting.

MLS # 112590 - 29 Trails End Ln 36, Wood Run V Townhomes, Snowmass Village, CO: Ask Price: $3,795,000; Sold Price: $2,875,500/$900 sq. ft. (Sold at -24% from Original Price $3,750,000 and 189 days on the market). This is a 4 bdrm/4.5 baths, 1981 built townhome with direct ski in/ski out access to Fanny Hill next to the new Snowmass Base Village. The exterior of the complex was remodeled in 2006. According to the listing agent, this unit has "great rental history and is a wonderful family retreat". HOA annual dues are $20, 850. and 2008 Taxes were $8,168. (Property description and photos courtesy of Chafin Light RE Snowmass and Aspen/Glenwood MLS)

MLS # 113253 -  729 Cemetery Ln, Aspen, CO: Original Ask Price: $3,295,000; Sold Price: $3,200,000/$1,042 sq. ft. This is a 1/2 Duplex called "Ironwoods", 4 bdrm/4.5 bath, built 1990/remodeled 2002, with 2-car garage, on one-half acre lot bordering the Aspen Public Golf Course with a small seasonal irrigation stream running through the property. On the town bus shuttle route. Sold fully furnished, turn-key. 135 days on the market.2008 taxes were $6,462. (Property description and photos courtesy of Fleisher Land & Homes Basalt and Aspen/Glenwood MLS)

 
Under Contracts/Pending (7): MLS #'s 98087,111876,114728,104309,111876, 113955, 103350 Link is valid until 3/16/2010 - Expires 30 days after this posting. Photos and descriptions of Under Contract/Pending properties are typically not posted unless special circumstances dictate.

Disclaimer: The statements made in The Estin Report and on Tim Estin's blog represent the opinions of the author 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 at This e-mail address is being protected from spambots. You need JavaScript enabled to view it . The Estin Report is copyrighted 2010 and all rights reserved. Use is permitted subject to the following attribution:"The Estin Report: State of the Aspen Market, By Tim Estin, mba, gri, www.EstinAspen.com"

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This Estin Report summary for the past week includes MLS (Multiple Listing Service) sales activity of all types of Aspen and Snowmass Village residential properties over $250,000 including vacant lots, but as usual does not include fractionals. In addition, these and other non-MLS but recorded transactions can be viewed from a recorded real estate transactions list from Jan 27 - Feb 1, 10 compiled by the Pitkin County Clerk's office and published by the Aspen Daily News.

Closed (1): #111337 This link is valid until 03/07/10

MLS #111337 - 734 Galena St #101, Fasching Haus Condo,Downtown Aspen: Ask Price: $625,000; Sold Price: $600,000/$958 sq ft (Original Price: $729,000). This is a beautifully remodeled 1 bdrm/1 bath,  626 sq ft condo at the base of Aspen Mountain, two blocks from the Gondola. The unit is located on the ground floor close to all amenities: parking, the complex entry, front desk management and steps away from swimming pool and jacuzzi. The 2009 HOA dues are $1,949 per quarter, and 2009 taxes are $1,221 for the year. It was on the market for 245 days.

Under Contract (4): #113186, 112758, 112755, 106866 This link is valid until 03/07/10. Photos and descriptions of Under Contract/Pending properties are not posted unless special circumstances dictate.

Disclaimer: The statements made in The Estin Report and on Tim Estin's blog represent the opinions of the author 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 at This e-mail address is being protected from spambots. You need JavaScript enabled to view it This e-mail address is being protected from spambots. You need JavaScript enabled to view it This e-mail address is being protected from spambots. You need JavaScript enabled to view it . The Estin Report is copyrighted 2010 and all rights reserved. Use is permitted subject to the following attribution:"The Estin Report: State of the Aspen Market, By Tim Estin, mba, gri, www.EstinAspen.com"

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!”.