Tim Estin MBA, GRI

Aspen CO Real Estate Broker

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JUST RELEASED: Estin Report 1st Half 2021 Aspen Snowmass Real Estate

BOTTOM LINE: Sept 13, 2021

The Aug 2021 Aspen Snowmass Market Report Snapshot was released recently in the Estin Reports section...

Excerpt: What happens to a market where inventory has plummeted and prices are sky high? Does the market come to a standstill? Do things freeze up? What releases this situation? As one client said to me recently "The balloon at max. You pray it deflates slowly and God forbid there is a needle that pops it (that would be the FED tightening liquidity)." I've talked to Sotheby's brokers around the country and the same is happening in other high end markets - low inventory, record high prices.

In the Aspen and Snowmass real estate markets, unit sales are slowly decreasing from the manic velocity of the past year but compared to pre-covid, they remain extraordinarily high (just lower than the 1st half of this year and the 2nd half of last year). New listings are coming on at prices considerably higher than recent comps justify. Opportunities may still exist with properties that have been on the market a long time thus becoming "stale" in buyer's eyes.

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  • Q 2021: Aspen Snowmass Sotheby’s Property Sales Market Share (Apr 1, 21 – Jul 1, 21)

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Estin Report 1st Half 2021 Aspen Snowmass Real Estate Market
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      A veteran Aspen broker, who has witnessed the market for over 50 years, once told me, “There are 3 stages of Aspen real estate inquiry:  Shock, pissed off, surrender.”
      That was in 2005, 15 years before Covid.

      Find or Sell your Aspen Snowmass home with
      “One of Aspen’s best brokers”  Tim Estin MBA, GRI

      970.309.6163

      Get in Touch

      Featured Properties

      Exceptional and favorite Aspen CO and Snowmass CO homes for sale, worthy of special attention.. These selections change as properties list and sell.

      $35,000,000
      550 Aspen Alps Road, Aspen

      • 4 beds
      • 9 bath
      • 7,150 sq ft
      • 0.23 acres lot
      • $4,895 price/sq ft

      $17,950,000
      300 Horseshoe Drive, Basalt

      • 7 beds
      • 6 bath
      • 9,316 sq ft
      • 30.00 acres lot
      • $1,927 price/sq ft

      $13,900,000
      1430 Hooks Spur Road, Basalt

      • 7 beds
      • 8 bath
      • 7,860 sq ft
      • 36.77 acres lot
      • $1,768 price/sq ft

      Pending

      $5,200,000
      555 E Durant #2-L, Aspen

      • 3 beds
      • 2 bath
      • 1,342 sq ft
      • $3,875 price/sq ft

      $46,000,000
      1020 Carroll Drive #300, 310, 314, Aspen

      • 17 beds
      • 19 bath
      • 24,452 sq ft
      • 115.70 acres lot
      • $1,881 price/sq ft

      $32,000,000
      8720/8716 Castle Creek Road, Aspen

      • 8 beds
      • 10 bath
      • 9,060 sq ft
      • 21.20 acres lot
      • $3,532 price/sq ft

      $15,000,000
      114 Neale Avenue, Aspen

      • 5 beds
      • 6 bath
      • 4,088 sq ft
      • 0.14 acres lot
      • $3,669 price/sq ft

      Best Deals

      Identifying the best deals in Aspen CO real estate. This selection of Aspen homes for sale changes as deals come and go.

      Flip Jobs: Before/After

      See what's possible. Before and after photos and descriptions of recent Flip Jobs of Aspen CO homes for sale from 2014-2018.

      “Aspen is a little too close to Heaven”
      said Albert Schweitzer on his only US visit
      to celebrate the bicentennial of Goethe’s birth
      in Aspen, CO in 1949.

      Find or Sell your Aspen Snowmass home with Aspen Realtor Tim Estin MBA, GRI
      “One of the town’s best real estate brokers”, reports local media.

      970.309.6163

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