ASPEN REAL ESTATE AND HOMES FOR SALE | TIM ESTIN BROKER

Aspen Real Estate. Updated Regularly.

Be informed, educated and advised by One of Aspen’s Best REALTORS reports local media. Top-performing Sothebys broker Tim Estin MBA writes the primary Aspen Snowmass real estate market report and blog. Go to 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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“It has been a pleasure to work with Tim on my recent purchase. With Tim, you get much more than a real estate broker. Very professional, courteous and with a deep understanding of the Aspen market, he has been helpful and insightful in several ways, not only during the purchase process, but also post-acquisition. I highly recommend him.”

“Tim is laser focused 110% on successfully fulfilling his client’s interests. He combines elaborate data driven analysis with a deep understanding of the complexities impacting real estate values. He knows the Aspen market personally from his long Aspen family history and he expertly navigates the varied interests that go into any property negotiation.”

“Your website maybe the easiest and most informative I’ve seen in your business and a great service to Aspen buyers and sellers – I trust one of the many, many reasons you’re successful. Last night, it was so easy to navigate, compare, get pics, locations, better than Zillow for a retail investor….Thank you for a great website with good clear insights and data.”

“There is urgency to our request… We are considering purchasing an Aspen property and are worried we may severely overpay due to poor representation. Could we get your help and opinion? I highly respect your work and the reports you do on the Aspen real estate market.”

“I am in the real estate industry and I deal with many brokers. Tim Estin is the hardest working broker I have ever dealt with. He has great intuition and a thoughtful professional manner. I wholeheartedly recommend him for any Aspen real estate brokerage needs.”

“Your report is incredible… The executive summary/recap and the report itself is stunning and it is rich with useful information. This is a seriously amazing amount of work.”

“Tim guided us through the complexities of purchasing our Aspen home making it a most memorable experience. His in-depth local knowledge, honest, professional and distinctive spirit of service exceeded all our expectations. We could not have been in better hands.”

“Tim Estin is the consummate professional. He combines outstanding client service with methodical, clinical analysis of the market. The best stuff, however, he saves for his clients – he sees things you may not, his instincts and insights are invaluable. He knows the market inside out and shares this in a quiet, unassuming and respectful way…I cannot recommend Tim more highly.“

“I read your entire report last night. I am in awe, a ton of information. You disseminate it down in a very clear format. I really hope that the number of people who receive it is large. Nice work.”

“Tim Estin is a 1st class person with an incredible work ethic. He worked out a simultaneous trade of our Aspen condo for an Aspen house in a horrible market. He’s our “miracle man” and we are so happy he is now our friend as well as our broker.”

“I want to offer my ringing endorsement of Aspen real estate broker Tim Estin who worked tirelessly for me and my listing in the most difficult of markets. He persevered through extremely complicated circumstances with thoroughness and diligence. I am so grateful.”

“I read the Estin Report. It has good useful information and a very clear presentation.”

“In our property searches over numerous years, Tim has been most helpful in accessing seller motivations and identifying what was great value for our money. His attention to detail, honesty and gentle persistence helped us to find and purchase two great Aspen properties. These are his qualities that we found invaluable in our process, and the reason we consider him a great friend today.”

“The depth of your report is really impressive. I was looking on-line for specific neighborhood stats, and your facts and their presentation are by far superior and so much more impressive than any others.”

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“This assembly of Aspen real estate data and insights is a treasure trove. I’m working on a Snowmass appraisal and your depth of coverage and analysis is the best compilation of market data, commercial or residential, I’ve ever seen.”

“We always love reading your report, whether good or bad market, as it always makes us feel connected to Aspen!”

“I am presently working with Related Co’s on their buyout deal with Hypo bank of the Snowmass Base Village, specifically the Viceroy Hotel and Phase II Snowmass Base Village. I greatly appreciate your reports. The information is very relevant, and the general market comments appear to be spot on.”

“Thanks for meeting with me yesterday. I wanted to take just a second and tell you how impressed I am with your Estin Report (hard copy). The information and presentation is phenomenal!”

“As a builder and developer, I have worked closely with dozens of realtors, and I put Tim by himself at the absolute top of that list. He has been attentive, reasoned and thoughtful throughout the entire process. He is knowledgeable, thoughtful and always 100% engaged. It was refreshing to work with someone of his caliber.”

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Aspen real estate, coronavirus and financial upheaval: Great Recession lessons

Things were fine until they weren't.
•As of Mar 23rd, anecdotally there were about 30 properties under contract in Aspen. Approximately 30-35% of those have terminated over the past two weeks as a direct result of the economy and coronavirus concerns. There have been (3) properties put under contract since March 9th. (I will be releasing the March 2020 Market Snapshot in the next few days and some adjustments to these figures may result.) Since then, there have been very limited property showings. Like everywhere else, Aspen is closed for non-essential business and the ski mountains have been shut down a month early. Colorado has designated real estate as an essential business so showings and deals are occurring within safe distancing and protective health guidelines. At the same time, there are buyers looking for “deals" which may only be fully tested and realized with actual written offers put in front of sellers.
•Today, as this is written on Mar 9, 2020, we face great uncertainty with the coronavirus and financial market upheavals. Markets have changed dramatically almost overnight and the Aspen real estate market is obviously in this mix. We are in uncharted moments, and one's circumstances may or may not be uniquely different. Here are some lessons I learned as an Aspen real estate broker from the financial crisis a decade ago.
•As over 60-70% of Aspen real estate transactions are cash, historic record low mortgage rates may have little impact on sales. But with money so cheap, perhaps this will incentivize buyers to step up.
•Price reductions may offset a slowing market and smart, maybe prescient, motivated sellers may want to get ahead of global financial disruptions with
pre-emptive price reductions or be prepared to wait out the crisis.
•Buyers may want to step up with aggressive offers. The only way to know the motivated level of a seller is to put an offer in front of them. All else is talk and speculation.
•One thing is sure: when uncertainty prevails, opportunities arise.
•Sellers who had the fortitude to get ahead of the falling knife of the 2007-2009 financial crisis faced far less loss than those who clung on and followed the market down.
• Buyers who had the cash and fortitude to step up and make purchases in the heart of darkness when risk was greatest were well rewarded over time.

What’s new on the blog
- E. Aspen Home at 125 Stillwater Ln Closes at $21M/$2,140 SF Part Furn.
  
  March 30, 2020
  
  Mar 22 - 29, 2020 Estin Report: Last Week’s Aspen CO Homes for Sale and Snowmass Real Estate Sales & Stats: Closed…
- Top-Floor Corner Fifth Ave 2009 Remodeled Condo Sells at $2.43M/$2,223 SF Furn
  
  March 23, 2020
  
  Mar 15 - 22, 2020 Estin Report: Last Week’s Aspen CO Homes for Sale and Snowmass Real Estate Sales & Stats: Closed…
- Older Riverfront Home at 918 Castle Creek 1-Mile to Town on 11 Acres Closes at $12.4M/$2,822 SF
  
  March 16, 2020
  
  Mar 8 - 15, 2020 Estin Report: Last Week’s Aspen CO Homes for Sale and Snowmass Real Estate Sales & Stats: Closed…
- 2018 Built Snowmass Village Home at 150 Baby Doe Ln Closes at $7.05M/$1,372 SF Furn
  
  March 9, 2020
  
  Mar 1 - 8, 2020 Estin Report: Last Week’s Aspen CO Homes for Sale and Snowmass Real Estate Sales & Stats: Closed…
- 2015 Remodeled to Studs Aspen Home at 228 Eastwood Dr Closes at $6.3M/$1,678 SF Furn
  
  March 2, 2020
  
  Feb 23 - Mar 1, 2020 Estin Report: Last Week’s Aspen CO Homes for Sale and Snowmass Real Estate Sales & Stats:…
More

Current Reports
Aspen Real Estate Summary
- Total Combined Aspen Snowmass Dollar Sales Feb 2020 YTD
  
  Feb 2020 YTD 206,396,968 Feb 2019 YTD 236,588,280
  -12%
- Total Combined Aspen Snowmass Units Sales YTD
  
  Feb 2020 YTD 56 Feb 2019 YTD 54
  4%
- Total Combined Aspen & Snowmass Inventory of Listings for Sale Feb 2020
  
  Feb 2020 YTD 512 Feb 2019 YTD 623
  -17%
- Aspen & SMV Total Dollar Sales of Properties over $10M Each
  
  Feb 2020 YTD 61,675,635 Feb 2019 YTD 97,500,000
  -36%
- Aspen & SMV Total Unit Sales of Properties over $10M Each
  
  Feb 2020 YTD 4 Feb 2019 YTD 6
  -33%
- Estin Report Feb 2020 YTD Aspen Snowmass Real Estate Market Report Snapshot
  
  Released Mar 6, 20 v1.5 The Estin Report publishes 10-page…
- Estin Report: Aspen Snowmass Real Estate Market 2020 ws
  
  Released Feb 10th, 2020. The Estin Report on the Aspen…
- Estin Report Q1 2008 – Q4 2019: Aspen & Snowmass Historic Real Estate Market Performance Charts by Property Types and Dollar & Unit Sales
  
  released 01/10/20 in the Charts Section Estin Report…
More

Featured Properties
$26,900,000
301 Lake Avenue
- 5 beds
- 8 baths
- 9,597 sq ft
- $2,803 price/sq ft
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$37,500,000
314 E Hyman Avenue
- 6 beds
- 10 baths
- 8,771 sq ft
- $4,275 price/sq ft
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$4,950,000
320 Ridge of Wildcat Drive
- 4 beds
- 5 baths
- 4,426 sq ft
- 6 acres
- $1,118 price/sq ft
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Q3 2019: Overall Aspen Snowmass Sothebys Luxury Property Sales Market Share (Jan 1- Sep 30, 2019))
Q3 2019: Closings Over $2MM: Aspen Snowmass Sothebys Market Share (Jan 1- Sep 30, 2019)

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Current Estin Reports

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Estin Report: Aspen Snowmass Real Estate Market 2020 ws

Estin Report: Aspen Snowmass Real Estate Market Report 2019 ws

Estin Report: Aspen Snowmass Real Estate Market 2018 YTD and 2017 YR

Owning Aspen CO real estate is the capstone of your success.
You’ve worked the lower part of your anatomy off.
You’ve made it. You’ve earned it. You deserve it.
What to do?
Yodel from the Mountains.
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

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.

$26,900,000
301 Lake Avenue

5 beds
8 baths
9,597 sq ft

$2,803 price/sq ft

$37,500,000
314 E Hyman Avenue

6 beds
10 baths
8,771 sq ft

$4,275 price/sq ft

$4,950,000
320 Ridge of Wildcat Drive

4 beds
5 baths
4,426 sq ft

6 acres
$1,118 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.

View Property

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.

View After Photos

876 S Starwood Drive, CO: Aspen Homes or Property Recently Sold and/or Now for Sale

February 3, 2020

MLS #105370 – Starwood, McLain Flats, 876 S Starwood Drive, Aspen, CO: Sold Price: $9,500,000/$701 sq ft; unfurnished. Sold Date:...Go to After

View After Photos

735 Castle Creek Drive 1, Aspen, CO: Aspen Homes or Property Recently Sold and/or Now for Sale

February 3, 2020

MLS #150452 – Castle Creek, West Aspen, 735 Castle Creek Drive 1, Aspen, CO: Sold Price: $2,900,000/$933 sq ft; unfurnished....Go to After

View After Photos

210 E Cooper Avenue 2A, Aspen, CO: Aspen Homes or Property Recently Sold and/or Now for Sale

February 3, 2020

MLS #146214 – Central Core, 210 E Cooper Avenue 2A, Aspen, CO. Sold Price: $1,525,000/$1,564 sq ft; furnished. Sold Date:...Go to After

Aspen Real Estate is the ultimate lifestyle choice.
You’ve made it. You’ve earned it. You deserve it.
Relax. Kick back. Chill.
Yodel from the Mountains.
Go to the Expert.

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

Get in Touch

Aspen Real Estate. Updated Regularly.

Aspen real estate, coronavirus and financial upheaval: Great Recession lessons

Featured Properties

$26,900,000 301 Lake Avenue

$37,500,000 314 E Hyman Avenue

$4,950,000 320 Ridge of Wildcat Drive

Q3 2019: Overall Aspen Snowmass Sothebys Luxury Property Sales Market Share (Jan 1- Sep 30, 2019))

Q3 2019: Closings Over $2MM: Aspen Snowmass Sothebys Market Share (Jan 1- Sep 30, 2019)

Stay Up To Date With Tim Estin

Estin Report: Aspen Snowmass Real Estate Market 2020 ws

Estin Report: Aspen Snowmass Real Estate Market Report 2019 ws

Estin Report: Aspen Snowmass Real Estate Market 2018 YTD and 2017 YR

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Owning Aspen CO real estate is the capstone of your success. You’ve worked the lower part of your anatomy off. You’ve made it. You’ve earned it. You deserve it. What to do? Yodel from the Mountains. Go to the broker the experts use.

970.309.6163

$26,900,000 301 Lake Avenue

$37,500,000 314 E Hyman Avenue

$4,950,000 320 Ridge of Wildcat Drive

View Property

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Aspen Real Estate is the ultimate lifestyle choice. You’ve made it. You’ve earned it. You deserve it. Relax. Kick back. Chill. Yodel from the Mountains. Go to the Expert.