The Estin Report will post a spreadsheet and commentary on recent sales data in my next posting on June 6th. Thanks for your patience. Tim Estin is an active Aspen real estate broker with Mason Morse located in the center… Read More

Eagle and Pitkin County assessors: number of appeals has dropped dramatically…The values released in May 2009 reflected pre-recession bubble prices.The value released this month – which reflect the period between June 30, 2008 and June 30, 2010 – finally reflect the ravages of the recession. ASPEN REAL ESTATE – Relatively… Read More

“The pullback in contract signings is disappointing and implies a slower-than-expected market recovery in upcoming months,” Lawrence Yun, the NAR’s chief economist said in a statement. “The economy hit a soft patch in April from sharply rising oil prices, widespread severe weather with the heaviest precipitation in 20 years, and… Read More

Court appointed receiver Jim DeFrancia said the ruling increases the likelihood that the bank will assume ownership of the project, allowing it to possibly find a new developer. “The point is that you’ll have stabilized ownership,” DeFrancia said. “We are getting to a point of closure.” ASPEN REAL ESTATE –… Read More

Homes priced at $10 million and above are accumulating on the market in Greenwich, Ct a town about 30 miles (48 kilometers) north of Manhattan that’s known as the U.S. hedge fund capital. They’re moving so slowly that it would take more than four years to sell them all,… Read More

Tim Estin is an active Aspen real estate broker with Mason Morse located in the center of Aspen. This blog, www.AspenRealEstateBlog.com or Tim Estin’s blog,… Read More

Tim Estin is an active Aspen real estate broker with Mason Morse located in the center of Aspen. This blog, www.AspenRealEstateBlog.com or Tim Estin’s blog, is released Monday mornings and sometimes in-between. The Estin Reports are… Read More

New owner says "‘Resolving’ $8 million in liens, re-signing Whole Foods Market are priorities"… Construction stalled on the supermarket building in September 2008 when JFA ran out of financing. The foundation was poured and much of the infrastructure was completed, but the construction site has been abandoned for 2 1/2… Read More

These extensions have kept alive at least 60 projects, and untold millions of dollars in potential construction and real estate business, that would have lost the right to build. ASPEN REAL ESTATE – Pitkin Co. commissioners voted Wed. to continue adjusting their extension of county building permits to accommodate recession-hit… Read More

ASPEN REAL ESTATE — A part-time Aspen couple is suing neighbors over a condominium-unit expansion, saying the project and the addition of another floor interferes with their solitude and will obstruct their views of Aspen Mountain. Through their attorneys at Garfield & Hecht P.C., Nancy and Richard Rogers of… Read More

ASPEN REAL ESTATE – The Pitkin County commissioners on Monday voted to deny an appeal from a Maroon Creek Valley landowner hoping to build a 15,000-square-foot home on an allegedly landslide-prone hillside.The luxury home had been previously approved at 8,250 square feet, which is a right the owners still… Read More

The last round of valuations, in 2009, spurred frustration among the 15,000 or so property owners in the county. Despite the fact that the recession was in full swing at that point, values — and tax bills — mostly went up because state statutes require counties to value properties based… Read More