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Aspen real estate market, Covid 19 and upheaval.

Read the weekly blog entries since the Covid 19 lockdown began in ealry March.

06/01/20 Bottom Line: ramblings from the street and other brokers.

Offers are coming in...but in general, low across the board - in Aspen and Snowmass Village (SMV). In mid valley and down valley its completely different: life there goes on and people need housing. Up-valley in Aspen, properties are for the most part discretionary purchases – 2nd homes, vacation homes. Here it’s a want, not a need.

Yes. There are some listings that are especially motivated. Buyers should make an offer, start the conversation. My advice generally is: "I don’t know how motivated the seller is. But if you’re going to make an offer, make it legit, put it in writing. At least try to get the seller to engage. Then, we’ll get real information back – or not. Things happen doing this more than people give credit for."  If you hear, "They’ve already picked out a replacement property", yes, it implies motivation.

Buyers are pulling down prices on some specific properties. There are a few properties over >$10M that have recently gone under contract at 20-30% discount. These will be reference points in 4-8 weeks.  The way offers are coming in now, it’s hard to believe there won’t be sellers who don’t lower their price and we will begin to see new lower metrics. Savvy sellers will get ahead of this. Now.

But many sellers are feeling optimistic. There are more people looking now than in a usual May.

  • 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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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

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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.

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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 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

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