An economy stuck in neutral. Unemployment that refused to go down. And a near financial disaster in Europe. Despite all the negatives — and a few surprises, like the terrifying “flash crash” of the stock market in May — 2010 proved in the end to be a pretty… Read More
Pitkin County Buys the Droste Family Land as Public Open Space, ADN
“This is really a capstone project and acquisition for the county,” Pitkin County Commissioner George Newman said recently. “There have been other great projects over the years. But for what it offers to the community, this is as great an achievement as we’ve ever had.” ASPEN REAL ESTATE – After… Read More
Aspen Housing Market on the Rise, Denver Post
The Aspen Snowmass housing market rebounded this year after hitting bottom on 2009.Sales were up 18 percent compared to a year ago, when the market plummeted 57 percent from its 2006 high, according to a report by Aspen broker Tim Estin. The real estate market has risen 11… Read More
Ski Resort Real Estate Rallies from 2009, AT
In year-end summaries released this week, two real estate agents in Aspen-Snowmass wrote they believe the market is recovering.“The market appears to have bottomed in 2009, falling 57 percent from its 2006 high,” wrote Tim Estin, a broker associate with Mason Morse Real Estate and author of the Estin Report, an analysis on the Aspen-Snowmass Village market. In addition to the dollar volume increasing from 2009, the unit sales of all property types is up 18 percent, Estin said, and the inventory of listed property has declined by 13 percent. ASPEN REAL ESTATE — The mountain resort real estate markets in Aspen, Vail and Breckenridge bounced back in 2010 after bottoming out in 2009, but they aren't close yet to returning to their glory years. The dollar volume of sales is up by double digits through October this year compared to last year in Pitkin, Eagle and Summit counties, according to reports prepared by Land Title Guarantee Co., which has offices in each of the markets...Pitkin County sales, dominated by Aspen and Snowmass Village, are up 12 percent this year compared to the same point last year. Sales were at $1.02 billion at the end of October. Sales reached $1.07 billion for all of last year, the report showed. By Scott Condon, Dec. 30, 10 Aspen Times Read More
Estin Report: 2010 Aspen Real Estate Summary, Aspen Business Journal
ASPEN, CO – This 2010 year end report is produced with the intent of learning where the Aspen Snowmass real estate market stands at this particular point in time. Over the 2010/2011 Holiday Season, there is bound to be an abundance of chatter, innuendo and incorrect… Read More
A Little-Known Strategy for Cutting Mortgage Payments, NYT
"Recasting": works well for those unable to qualify for refinancing amid the ever-toughening credit guidelines — perhaps because they are self-employed or have less-than-stellar credit — as well as for those with extra cash, like a year-end bonus. HOMEOWNERS looking to lower their monthly mortgage payments and also save some… Read More
Deal Inked, Pitkin County Pays $17 million for Droste Property, ADN
The finished deal seems the happy ending to more than a decade of battles between Pitkin County officials and the Droste family, who sought to build a luxury subdivision on the site. In 2003, the commissioners passed a controversial emergency moratorium to block the development, a move the Drostes took… Read More
Droste Open Space Purchase a Done Deal, AT
Pitkin County completes $17 million open space purchase…The purchase secures land on the scenic ridge separating the Brush Creek and Owl Creek valleys. The parcel links to some 2,300 acres already purchased or conserved in the area and preserves a critical winter elk migration corridor. ASPEN REAL ESTATE — Local… Read More
Ski Resort Real Estate Rallies from 2009, AT
In year-end summaries released this week, two real estate agents in Aspen-Snowmass wrote they believe the market is recovering.“The market appears to have bottomed in 2009, falling 57 percent from its 2006 high,” wrote Tim Estin, a broker associate with Mason Morse Real Estate and author of the Estin Report,… Read More
Aspen Real Estate Market on the Rise, DP
ASPEN REAL ESTATE – The Aspen Snowmass housing market rebounded this year after hitting bottom on 2009.Sales were up 18 percent compared to a year ago, when the market plummeted 57 percent from its 2006 high, according to a report by Aspen broker Tim Estin. The real… Read More
Pitkin County Approves $17M for New Droste Mountain Park, ADN
ASPEN REAL ESTATE – Pitkin County commissioners enthusiastically passed an emergency ordinance Monday to spend $17 million to buy 841 acres of undeveloped land from Peter Droste and his family.George Newman, chair of the board of county commissioners, expects to sign closing documents on the open-space deal with Droste… Read More
Hypo Bank and Viceroy Hotel Buyers in Base Village Suits Begin Today, ADN
SNOWMASS REAL ESTATE – A dozen attorneys and two judges spent Monday morning in the Garfield County Courthouse debating and discussing some fine points of the Base Village foreclosure and the fate of $13 million worth of deposits on condos in the Viceroy hotel.At 9 a.m., District Court Judge… Read More