ASPEN REAL ESTATE AND HOMES FOR SALE | TIM ESTIN BROKER | MARKET EXPERT

Aspen Real Estate. Updated Regularly.

Be informed, be educated, be advised by One of Aspen’s Best REALTORS reports local media. Top-performing Sotheby’s broker Tim Estin MBA writes the primary Aspen Snowmass real estate market report and blog. The broker the experts use.

“Tim, would it be possible to use your graphs for the full year for a presentation we are doing for the Crown Family, the Aspen Ski Co owners, and Gerry Hines, the Aspen Highlands Base Village developer? Also, would you supply us with annual updates?”

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Bottom Line: April 12, 2021

The March 2021 YTD Market Snapshot was posted in Current Reports on April 4th.

The Aspen real estate market continues to sizzle along...High demand, low inventory, historic low interest rates, a search for space, privacy, escape from high taxes in certain areas and changing work patterns are helping to push prices higher. The strong market has slowed slightly, especially in $15M and over properties, as low inventory across the boards - fewer property choices at higher prices - makes some buyers pause. The rental market for the summer is on fire as more normalcy in this summer's cultural events return and more people begin to fly again in the "opening up" of a post Covid-19 US.

The number of Aspen properties that went under contract in Mar 21 was up 238% to (44) from (13) last Mar: in Snowmass Village, under contracts were up 120% to (33) in Mar 21 from (15) same time last year. (UC's are a future indicator of activity as most of these contracts will close in April and May).

The Estin Report Aspen Snowmass 2021 ws was released in Jan in Current Reports. It can be read online or downloaded as PDF. The 32-Pg print edition is available outside Sotheby's 415 E Hyman on the Hyman Mall, Sotheby's 300 S Spring St (my office across from the Aspen Art Museum), at the Aspen Chamber Info Kiosk across from Paradise Bakery and the Pitkin County (ASE) airport. If you have difficulty downloading the report PDF, contact me directly and I’d be pleased to send it.

What’s new on the blog
- 2019 Contemporary Home in Aspen Core at 28 Little Cloud Trail Sells $27.5M/$2,927 SF Furn
  April 12, 2021
  (Photos courtesy of Coldwell Banker Mason Morse-Aspen) Estin Report blog: Apr 4 - 11, 2021 Last Week’s Aspen CO Homes…
- Aspen & Snowmass Real Estate Quarterly Sales & Inventory Charts: Q1 2010 – Q1 2021
  April 9, 2021
  Where is the market now? See Charts section: (2) series of historic quarterly sales and inventory charts by year, Q1…
- 2017 Built 6-Bdrm Contemporary at 700 W Smuggler in Aspen’s West End Sells at $17M/$3,113 SF Furn
  April 5, 2021
  (Photos courtesy of Compass Aspen.) Estin Report blog: Mar 28 - Apr 4, 2021 Last Week’s Aspen CO Homes for…
- Last of the Developer One Aspen Townhomes at 717 S Aspen St #A Sells for $12M/$2,781 SF Unfurn
  March 29, 2021
  (Photos courtesy of Aspen Snowmass Sotheby's International Realty) (more…)
- Aspen’s West End 403 W Hallam St Sells at $6.9M/$2,610 SF Furn
  March 22, 2021
  (Photos courtesy of Aspen Snowmass Sotheby's International Realty) (more…)
More

Current Reports
Aspen Real Estate Summary
- Total Combined Aspen Snowmass Dollar Sales YTD
  Mar 2021 560,736,132 Mar 2020 325,441,221
  73%
- Total Combined Aspen Snowmass Units Sales YTD
  Mar 2021 149 Mar 2020 83
  80%
- Total Combined Aspen & Snowmass Inventory of Listings for Sale
  Mar 2021 338 Mar 2020 531
  -36%
- Aspen & SMV Total Dollar Sales of Properties over $10M
  Mar 2021 172,184,601 Mar 2020 68,184,000
  153%
- Aspen & SMV Total Unit Sales of Properties over $10M
  Mar 2021 11 Mar 2020 9
  23%
- March 2021 and YTD Aspen Snowmass Real Estate Market Report Snapshot
  Released Apr 3, 21 v1.6 Bottom Line The Aspen real…
- February 2021 and YTD Aspen Snowmass Real Estate Market Report Snapshot
  Released Mar 3, 21 v1.5 Bottom Line Feb 2021 continues…
- January 2021 and YTD Aspen Snowmass Real Estate Market Report Snapshot
  Data collected 02/01/21 after 6PM MT. Released 02.08.21 v1.5 Bottom…
- Estin Report Aspen Snowmass Real Estate 2021 ws
  The Estin Report: Aspen Snowmass 2021 ws final* was released…
More

Featured Properties
$46,000,000
1020 Carroll Drive, Aspen
- 17 beds
- 19 bath
- 24,452 sq ft
- 115.70 acres lot
- $1,881 price/sq ft
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Price Decreased - 2 days ago
$9,475,000
75 N Starwood Drive, Aspen
- 4 beds
- 5 bath
- 5,216 sq ft
- 2.90 acres lot
- $1,817 price/sq ft
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$35,000,000
550 Aspen Alps Road, Aspen
- 4 beds
- 8 bath
- 7,150 sq ft
- 0.23 acres lot
- $4,895 price/sq ft
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Pending
$23,500,000
55 Hall Drive, Aspen
- 5 beds
- 7 bath
- 7,583 sq ft
- 4.32 acres lot
- $3,099 price/sq ft
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$35,000,000
8720/8716 Castle Creek Road, Aspen
- 8 beds
- 10 bath
- 9,060 sq ft
- 21.20 acres lot
- $3,863 price/sq ft
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$15,000,000
114 Neale Avenue, Aspen
- 5 beds
- 6 bath
- 4,088 sq ft
- 0.14 acres lot
- $3,669 price/sq ft
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$15,900,000
199 Eagle Park Drive, Aspen
- 6 beds
- 9 bath
- 11,170 sq ft
- 4.67 acres lot
- $1,423 price/sq ft
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$14,750,000
821 Cluny Road, Aspen
- 5 beds
- 7 bath
- 7,351 sq ft
- 4.00 acres lot
- $2,007 price/sq ft
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Q4 2020: Closings Over $2MM and All Aspen Snowmass Sothebys Luxury Property Sales Market Share (Oct 1- Dec 31, 2020)

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Estin Report Aspen Snowmass Real Estate 2021 ws

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A 50-yr veteran Aspen broker was once heard saying,
“There are 3 stages of Aspen real estate inquiry:
shock, pissed off, surrender.”
Go to the broker the experts use.

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

970.309.6163

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.

$46,000,000
1020 Carroll Drive, Aspen

17 beds
19 bath
24,452 sq ft

115.70 acres lot
$1,881 price/sq ft

Price Decreased - 2 days ago

$9,475,000
75 N Starwood Drive, Aspen

4 beds
5 bath
5,216 sq ft

2.90 acres lot
$1,817 price/sq ft

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

4 beds
8 bath
7,150 sq ft

0.23 acres lot
$4,895 price/sq ft

Pending

$23,500,000
55 Hall Drive, Aspen

5 beds
7 bath
7,583 sq ft

4.32 acres lot
$3,099 price/sq ft

$35,000,000
8720/8716 Castle Creek Road, Aspen

8 beds
10 bath
9,060 sq ft

21.20 acres lot
$3,863 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

$15,900,000
199 Eagle Park Drive, Aspen

6 beds
9 bath
11,170 sq ft

4.67 acres lot
$1,423 price/sq ft

$14,750,000
821 Cluny Road, Aspen

5 beds
7 bath
7,351 sq ft

4.00 acres lot
$2,007 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.

207 Wild Spring Lane, Basalt, CO: Basalt Homes or Property Recently Sold and/or Now for Sale Thumbnail

View After Photos

207 Wild Spring Lane, Basalt, CO: Basalt Homes or Property Recently Sold and/or Now for Sale

March 4, 2021

MLS #154121 – The Wilds, Basalt Proper, 207 Wild Spring Lane, Basalt, CO: Sold Price: $1,200,000/$347 sq ft; partially furnished....Go to After

20 Maroon Court, Aspen, CO: Aspen Homes or Property Recently Sold and/or Now for Sale Thumbnail

View After Photos

20 Maroon Court, Aspen, CO: Aspen Homes or Property Recently Sold and/or Now for Sale

September 28, 2020

MLS #161977 – Clasen Pecjack Subdivision, West Aspen, 20 Maroon Court, Aspen, CO: Sold Price: $5,000,000/$879 sq ft; furnished. Sold...Go to After

705 W Main Street, Aspen, CO: Aspen Homes or Property Recently Sold and/or Now for Sale Thumbnail

View After Photos

705 W Main Street, Aspen, CO: Aspen Homes or Property Recently Sold and/or Now for Sale

September 27, 2020

MLS #143793 – West End, 705 W Main Street, Aspen, CO. Sold Price: $3,000,000/$1,031 sq ft; furnished. Sold Date: 10/26/2017....Go to After

“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