The Estin Report - Aspen, Colorado
The Estin Report - Aspen, Colorado The Estin Report - Aspen, Colorado The Estin Report - Aspen, Colorado

  Estin Report
 
Aspen real estate intelligence ©

  

Be informed, be educated, be advised by one the town's best real estate brokers according to local media. Aspen Sotheby's Int'l broker agent Tim Estin MBA, GRI authors the primary market guide for Aspen Snowmass real estate, homes for sale and property info - the #1 trusted Aspen real estate market resource.  Original objective reports and over 14,000 pages of current and archived content. Call Tim for expert guidance and counsel.

       Estin Report
     
Aspen real estate intelligence ©

EstinReportSeal 125res 175x175

Be informed, be educated, be advised by one the town's best real estate brokers according to local media. Aspen Sotheby's Int'l broker agent Tim Estin MBA, GRI authors the primary market guide for Aspen Snowmass real estate, homes for sale and property info - the #1 trusted Aspen real estate market resource. Original reports and over 14,000 pages of current and archived content. For expert guidance and counsel, please call or txt 970.309.6163.

Tim Estin

Tim Estin MBA, GRI
970.309.6163 cell + text

 



Broker Associate
Aspen Snowmass Sotheby's
International Real Estate
300 S.Spring St #100
Aspen, CO 81611

 

Aspen, CO
Mountain Standard Time 
(MST)

 

Estin Report

Mid-Year 2017

Aspen Real Estate

 

"Aspen real estate
is in turn-a-round

mode from a dismal
2016 when global

uncertainty curtailed
buyers' appetite for
luxury high end

2nd home purchases.

Post-election 2016,
an upper-end

Aspen real estate
recovery is in

full bloom. "


Read more...

 

July 2017
Aspen Real Estate
Snapshot

Bottom Line:

 

The Aspen market
continues to be
in hyper-sales
territory. Activity
is and feels
super-charged.
Add to that
momentum, early
August is the
time when buyers
typically get real
estate focused with
summer's ending in
sight. This is the
busiest time of year.
We should see a
steady stream of
offers and under
contracts now
through the end
of September.

Read more...

 

 

(See Interest Rate Historical Chart

since 1790 and

Consumer Price Calculator)

 

 

 

The Estin Report - Aspen, Colorado
The Estin Report - Aspen, Colorado
The Estin Report - Aspen, Colorado

2nd New-Built Red Mtn Aspen Spec Home Sale at Over $3,000 Sq Ft in 2017


 

August 6 - 13, 2017 Estin Report: Last Week's Aspen Snowmass Real Estate Sales & Stats: Closed (16) + Under Contract / Pending (13)

The website redesign has been delayed. I am hoping to launch sometime in August.

The Estin Report: July 2017 Aspen Real Estate Monthly Snapshot was posted in Current Reports. The Snapshots are usually posted on or near the 1st Monday of the month. 

Excerpt from July 2017 Snapshot:

"The Aspen market continues to be in hyper-sales territory. Activity is and feels super-charged. Add to that, early August is the time when buyers get real estate focused with summer's ending in sight. This is the busiest time of year. We should see a steady stream of offers and under contracts now through the end of September. The Aspen market is bifurcated: there's inside the roundabout and there's outside. Aspen’s most coveted neighborhoods..." 

Estin Report: Mid-Year 2017 State of Aspen Real Estate was released in June 2017 in Current ReportsThe 32-Page report is available on-line as PDF and is available in  print in kiosks at the airport, the info booth across from Paradise Bakery town and at Sothebys offices at 415 E Hyman in the Mall and 300 S Spring opposite the Art Museum.

"Flip Job" Examples: See recent Before/After Redevelopmentin the Flip Jobs Section near the bottom of the Menu Bar on the left. These are properties that have been recently or are currently in the process of redevelopment for re-sale. This post is updated (06/14/17) as additional re-sale properties come on the market at significantly higher prices.

 A "Read more" link has been recently added under the 1st of last week's sold properties displayed below. This will improve site performance.

__________________________

 

Market Activity Week 33, August 6 - 13, 2017

Aspen Snowmass real estate weekly sales and under contract activity appears below for all Aspen, Snowmass Village, Brush Cr Village, Woody Creek and Old Snowmass properties over $250,000 excluding fractionals in the upper Roaring Fork Valley. As the MLS links below expire after 30 days, photos and written descriptions of select closed properties (those with excellent photography) are posted here to preserve an archive of sold market activity.  Scroll down the page for home photos and details of weekly sales and under contract / pending Aspen properties in the past 4 weeks. For earlier dates, use the down arrow to quickly find blog archives by year and date to 2008. Or use SearchEstinAspen in the menu bar to search by topic, address, subdivision, complex, date, etc.  If it's about Aspen real estate, the information should be here.

Closed (16):  MLS#s 125883, 125884, 140598, 141194, 144903, 146576, 146937, 147599, 147687, 147860, 148246, 148929, 149090, 149460, 149552, 149708. This link is valid until 9/12/2017.

Under Contract/Pending (13)MLS#s149369, 145074, 142056, 149974, 150295, 149702, 149071, 141085, 149793, 148866, 144604, 150107, 149939. This link is valid until 9/12/2017.

Aspen Snowmass Solds Last Week:  

MLS #141194 - Red Mountain, 951 Red Mountain Rd, Aspen, CO. Sold Price: $21,500,000/$3,002 sq ft. More details below photos.

Aspen real estate 081317 141194 951 Red Mountain Rd 1 590W  Aspen real estate 081317 141194 951 Red Mountain Rd 2 590W  Aspen real estate 081317 141194 951 Red Mountain Rd 3 190H Aspen real estate 081317 141194 951 Red Mountain Rd 4 190H

MLS #141194 - Red Mountain, 951 Red Mountain Rd, Aspen, CO. Sold Price: $21,500,000/$3,002 sq ft. Aspen single family home for sale. Ask Price: $22,900,000. (Original Price: $21,900,000 and 678 days on the market since 10/02/2015.) This is a 2017 built, 6 bedroom/6 bath/2 half-bath, 7,160 sq ft single family home with 2 car garage on a 41,382 sq ft lot. This is the 2nd Red Mountain home to close above $3,000 sq ft in 2017. The 1st was a 2014 built, 9,600 sq ft home at 343 Willoughby Way which closed at $30M/$3,120 sq ft on 4/24/17. Broker comments are "This exciting and elegant contemporary designed 5 bedroom home, designed by Cottle Carr Yaw Architects is now under construction and ready for Spring 2017 completion. The architecture is as breathtaking as the view. The open floorplan allows for grand scale entertaining while the master and guest bedrooms are very private. The finishes throughout the home are of the highest quality making this home a masterpiece of design and function with an elegant neutral palette of white oak, light gray limestone and poured architectural concrete. The living room pocketing sliding glass doors open to an expansive stone terrace with a built-in over sized hot tub and a set of sweeping stairs that lead to multiple lawn and garden areas. See listing broker for detailed specifications and plans." 2016 taxes: $12,891. Under Contract Date: 06/02/2017; Sold Date: 08/10/2017. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)

Read more ...

New Built Aspen River Spec Home Closes at $10M


 

July 30 - August 6, 2017 Estin Report: Last Week's Aspen Snowmass Real Estate Sales & Stats: Closed (13) + Under Contract / Pending (16)

The website redesign has been delayed. I am hoping to launch sometime in August.

The Estin Report: July 2017 Aspen Real Estate Monthly Snapshot was posted in Current Reports. The Snapshots are usually posted on or near the 1st Monday of the month. 

Excerpt from July 2017 Snapshot:

"The Aspen market continues to be in hyper-sales territory. Activity is and feels super-charged. Add to that, early August is the time when buyers get real estate focused with summer's ending in sight. This is the busiest time of year. We should see a steady stream of offers and under contracts now through the end of September. The Aspen market is bifurcated: there's inside the roundabout and there's outside. Aspen’s most coveted neighborhoods..." 

Estin Report: Mid-Year 2017 State of Aspen Real Estate was released in June 2017 in Current ReportsThe 32-Page report is available on-line as PDF and is available in  print in kiosks at the airport, the info booth across from Paradise Bakery town and at Sothebys offices at 415 E Hyman in the Mall and 300 S Spring opposite the Art Museum.

"Flip Job" Examples: See recent Before/After Redevelopmentin the Flip Jobs Section near the bottom of the Menu Bar on the left. These are properties that have been recently or are currently in the process of redevelopment for re-sale. This post is updated (06/14/17) as additional re-sale properties come on the market at significantly higher prices.

 A "Read more" link has been recently added under the 1st of last week's sold properties displayed below. This will improve site performance.

__________________________

 

Market Activity Week 32, July 30 - August 6, 2017

Aspen Snowmass real estate weekly sales and under contract activity appears below for all Aspen, Snowmass Village, Brush Cr Village, Woody Creek and Old Snowmass properties over $250,000 excluding fractionals in the upper Roaring Fork Valley. As the MLS links below expire after 30 days, photos and written descriptions of select closed properties (those with excellent photography) are posted here to preserve an archive of sold market activity.  Scroll down the page for home photos and details of weekly sales and under contract / pending Aspen properties in the past 4 weeks. For earlier dates, use the down arrow to quickly find blog archives by year and date to 2008. Or use SearchEstinAspen in the menu bar to search by topic, address, subdivision, complex, date, etc.  If it's about Aspen real estate, the information should be here.

Closed (13):  MLS#s 140533, 139667, 143169, 144966, 145249, 145712, 147239, 148709, 149392, 149550, 149676, 149764, 150251. This link is valid until 9/5/2017.

Under Contract/Pending (16)MLS#s 141563, 142529, 142778, 142878, 142951, 144511, 146620, 146913, 148187, 148188, 148440, 148870, 149130, 149613, 149961, 150229. This link is valid until 9/5/2017.

Aspen Snowmass Solds Last Week:  

MLS #140533 - Knollwood, East Aspen, 42302 Highway 82 1, Aspen, CO. Sold Price: $10,000,000/$1,987 sq ft. More details below photos.

Aspen real estate 080617 140533 42302 Highway 82 1 1 590W  Aspen real estate 080617 140533 42302 Highway 82 1 2 590W  Aspen real estate 080617 140533 42302 Highway 82 1 3 190H Aspen real estate 080617 140533 42302 Highway 82 1 4 190H  Aspen real estate 080617 140533 42302 Highway 82 1 5 190H Aspen real estate 080617 140533 42302 Highway 82 1 6 190H

MLS #140533 - Knollwood, East Aspen, 42302 Highway 82 1, Aspen, CO. Sold Price: $10,000,000/$1,987 sq ft. Aspen single family home for sale. Ask Price: $11,995,000. (Original Price: $10,675,000 and 716 days on the market since 08/11/2015.) This is a 2016 built, 4 bedroom/4 bath/2 half-bath, 5,032 sq ft single family home with 2 car garage on more than 1/2 acre or 25,000 sq ft lot. Broker comments are "First of three gorgeous contemporary homes to built on the most exclusive and unique river front setting Aspen has ever experienced. This parcel looks onto the gorgeous Roaring Fork and across to the complete privacy of the Stillwater open space parcel. Lot one offers the largest home with the most subdivision open space exposure. A easy walk or bike to town, this small exceptional subdivision is a very precious offering. Don't miss getting this wonderful opportunity to own a fabulous new home on the river." 2015 taxes: $22,302; HOA Dues: TBD. Under Contract Date: 09/30/2016; Sold Date: 07/28/2017. (Photos and broker comments courtesy of Whitman Fine Properties)

Read more ...

Aspen's McLain Flats 2017 Built Spec Home Closes at $11.5M/$1,650 Sq Ft


 

July 23 - 30, 2017 Estin Report: Last Week's Aspen Snowmass Real Estate Sales & Stats: Closed (6) + Under Contract / Pending (14)

The website redesign has been delayed. I am hoping to launch sometime in August.

The Estin Report: June 2017 Aspen Real Estate Monthly Snapshot was posted in Current Reports on Mon. July 10th. The Snapshots are usually posted on or near the 1st Monday of the month. 

Excerpt:

"June 2017 has been the best June for Aspen real estate in the past 10 years. Dollar sales for properties selling over $10M are up over 125% year-to-date (YTD) and for all properties, sales are up 118% YTD. At the same time, inventory of available properties for sale is declining, down 30% in June ’17 year over year, which should create upward pressure on prices..."

Estin Report: Q1 2017 & 2016 Year: State of Aspen Real Estate was released in June 2017 in Current ReportsThe 32-Page report is available on-line as PDF and is available in  print in kiosks at the airport, the info booth across from Paradise Bakery town and at Sothebys offices at 415 E Hyman in the Mall and 300 S Spring opposite the Art Museum.

"Flip Job" Examples: See recent Before/After Redevelopmentin the Flip Jobs Section near the bottom of the Menu Bar on the left. These are properties that have been recently or are currently in the process of redevelopment for re-sale. This post is updated (06/14/17) as additional re-sale properties come on the market at significantly higher prices.

 A "Read more" link has been recently added under the 1st of last week's sold properties displayed below. This will improve site performance.

__________________________

 

Market Activity Week 31, July 23 - 30, 2017

Aspen Snowmass real estate weekly sales and under contract activity appears below for all Aspen, Snowmass Village, Brush Cr Village, Woody Creek and Old Snowmass properties over $250,000 excluding fractionals in the upper Roaring Fork Valley. As the MLS links below expire after 30 days, photos and written descriptions of select closed properties (those with excellent photography) are posted here to preserve an archive of sold market activity.  Scroll down the page for home photos and details of weekly sales and under contract / pending Aspen properties in the past 4 weeks. For earlier dates, use the down arrow to quickly find blog archives by year and date to 2008. Or use SearchEstinAspen in the menu bar to search by topic, address, subdivision, complex, date, etc.  If it's about Aspen real estate, the information should be here.

Closed (6):  MLS#s 146159, 147194, 148329, 148370, 149497, 149512. This link is valid until 8/29/2017.

Under Contract/Pending (14)MLS#s 142156, 144508, 143663, 146576, 146913, 147338, 147742, 147860, 147983, 149524, 149708, 149816, 150009, 150108. This link is valid until 8/29/2017.

Aspen Snowmass Solds Last Week:  

MLS #147194 - W/J Ranch, McLain Flats, 51 White Star Drive, Aspen, CO. Sold Price: $11,500,000/$1,650 sq ft; furnished. More details below photos.

Aspen real estate 073017 147194 51 White Star Drive 1 590W  Aspen real estate 073017 147194 51 White Star Drive 2 590W

Aspen real estate 073017 147194 51 White Star Drive 3 190H Aspen real estate 073017 147194 51 White Star Drive 4 190H
Aspen real estate 073017 147194 51 White Star Drive 5 190H Aspen real estate 073017 147194 51 White Star Drive 6 190H

MLS #147194 - W/J Ranch, McLain Flats, 51 White Star Drive, Aspen, CO. Sold Price: $11,500,000/$1,650 sq ft; furnished. Aspen single family home for sale. Ask Price: $13,500,000. (Original Price: $11,500,000 and 197 days on the market since 01/09/2017.) This is a 2017 built, 4 bedroom/4 bath/2 half-bath, 6,966 sq ft single family home with 2 car garage on a 7.8 acres lot. Broker comments are "Drawing on their 55 years of home building expertise, Richard Wax & Associates offers their latest Star View property at White Star Ranch Estates. The brand new and distinctive contemporary estate is strategically set on over 7 acres with a private gated entry, abundant trees, Salvation Ditch water, magnificent pond, and amazing views of Snowmass, Aspen Highlands and Buttermilk ski areas. This spectacular new addition to the West Aspen market encompasses 6,966 square feet of finely designed and luxuriously finished living space plus a 528 square foot two car garage, with all of the features and amenities expected in a home of this stature. From the thoughtfully planned interior spaces with private main level master suite with large walk-in closet and his and her baths, to the recreation room with wet bar, pool table and built-in flat screen television, to the well-appointed chef's kitchen, exquisite guest suites, office, theater, inviting open spaces for entertaining, 1,160 square foot barn, and no sub-grade space, no detail has been overlooked. The immaculate grounds have been designed to provide the ultimate outdoor living experience, including a dining area with built-in stone BBQ, fireplace and fire pit. Adding to the allure of this exciting opportunity on the technical side are photovoltaic solar, Energy Star-certified construction, and up to the minute sound, lighting and safety systems for comfort and peace of mind. With no roundabout or airport traffic, direct access via McLain Flats Road to downtown Aspen, and exclusive use of the White Star HOA open space for horseback riding, cross country skiing and more, the mountain lifestyle is just outside your door!" HOA Dues: $8,912 per Yr. Under Contract Date: 07/21/2017; Sold Date: 07/25/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby's International Realty-Hyman Mall)

Read more ...

Roaring Fork Dr Aspen Home Built in 1983 Sells for $8.9M


 

July 16 - 23, 2017 Estin Report: Last Week's Aspen Snowmass Real Estate Sales & Stats: Closed (11) + Under Contract / Pending (11)

The website redesign has been delayed. I am hoping to launch sometime in August.

 

The Estin Report: June 2017 Aspen Real Estate Monthly Snapshot was posted in Current Reports on Mon. July 10th. The Snapshots are usually posted on or near the 1st Monday of the month. 

Excerpt:

"June 2017 has been the best June for Aspen real estate in the past 10 years. Dollar sales for properties selling over $10M are up over 125% year-to-date (YTD) and for all properties, sales are up 118% YTD. At the same time, inventory of available properties for sale is declining, down 30% in June ’17 year over year, which should create upward pressure on prices..."

Estin Report: Q1 2017 & 2016 Year: State of Aspen Real Estate was released in June 2017 in Current Reports. The 32-Page report is available on-line as PDF and is available in  print in kiosks at the airport, the info booth across from Paradise Bakery town and at Sothebys offices at 415 E Hyman in the Mall and 300 S Spring opposite the Art Museum.

"Flip Job" Examples: See recent Before/After Redevelopmentin the Flip Jobs Section near the bottom of the Menu Bar on the left. These are properties that have been recently or are currently in the process of redevelopment for re-sale. This post is updated (06/14/17) as additional re-sale properties come on the market at significantly higher prices.

 A "Read more" link has been recently added under the 1st of last week's sold properties displayed below. This will improve site performance.

__________________________

Market Activity Week 30, July 16 - 23, 2017

Aspen Snowmass real estate weekly sales and under contract activity appears below for all Aspen, Snowmass Village, Brush Cr Village, Woody Creek and Old Snowmass properties over $250,000 excluding fractionals in the upper Roaring Fork Valley. As the MLS links below expire after 30 days, photos and written descriptions of select closed properties (those with excellent photography) are posted here to preserve an archive of sold market activity.  Scroll down the page for home photos and details of weekly sales and under contract / pending Aspen properties in the past 4 weeks. For earlier dates, use the down arrow to quickly find blog archives by year and date to 2008. Or use SearchEstinAspen in the menu bar to search by topic, address, subdivision, complex, date, etc.  If it's about Aspen real estate, the information should be here.

Closed (11):  MLS#s  (. This link is valid until 8/22/2017.

Under Contract/Pending (11)MLS#s 142326, 137922, 138447, 145352, 148995, 149607, 149672, 149744, 149783, 149799, 149897. This link is valid until 8/22/2017.

Aspen Snowmass Solds Last Week:  

MLS #149366 - West End, 805 Roaring Fork Road, Aspen, CO. Sold Price: $8,900,000/$2,134 sq ft. More details below photos.

Aspen real estate 072317 149366 805 Roaring Fork Road 1 590W  Aspen real estate 072317 149366 805 Roaring Fork Road 2 590W  Aspen real estate 072317 149366 805 Roaring Fork Road 3 190H Aspen real estate 072317 149366 805 Roaring Fork Road 4 190H  Aspen real estate 072317 149366 805 Roaring Fork Road 5 190H Aspen real estate 072317 149366 805 Roaring Fork Road 6 190H

MLS #149366 - West End, 805 Roaring Fork Road, Aspen, CO. Sold Price: $8,900,000/$2,134 sq ft. Aspen single family home for sale. Ask Price: $9,100,000. (Original Price: $9,100,000 and 42 days on the market since 06/02/2017. The buyers are: Charles B. Moss Jr. and Ann H. Cook. He was the seller of 610 W Hallam which closed at $11.7M/$2,451 sq ft last week which has not been on the market.) This is a 1983 built and 1997 remodeled, 4 bedroom/3 bath/1 half-bath, 4,170 sq ft single family home with 2 car garage on a 19,729 sq ft lot (almost 1/2 acre). Broker comments are "Beautiful West End estate with a fabulous location adjacent to Harris Concert Hall and Benedict Music Tent. 4 Bedroom, 3.5 Bath. Oversized great room with high ceiling. Perfectly manicured grounds with a water feature." 2016 taxes: $19,191. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 06/16/2017; Sold Date: 07/14/2017. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)

Read more ...

 

 

Tim Estin | www.EstinAspen.com | 970.309.6163 | 300 S.Spring St | Opposite the Aspen Art Museum

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