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 ©

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Be informed, be educated, be advised by one the town's best real estate brokers according to clients and local media. Aspen Sotheby's Int'l broker agent Tim Estin MBA, GRI authors the primary market guide for Aspen Snowmass real estate and homes for sale with objective, actionable, info and analysis - 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...

 

August 2017
Aspen Real Estate
Snapshot

Bottom Line:

 

Aspen real estate
is cruising along
in overdrive. Aug.
is traditionally a
very active period
for sales, and this
Aug. more so than
ever. Sales at all
prices points are
exceedingly strong
while inventory of
properties for sale
is declining signif-
icantly. Areas with
particular sales
velocity are Downtown
Aspen, Red Mtn and
the West End.
Outlying areas are
experiencing slower
sales at lower prices
- there’s value in them
hills. There's
concern the market
is frothy with
many asking
how long can
this last? 
Who
really knows?
No one...

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


The Estin Report: April 2016 Aspen Snowmass Real Estate Market Snapshot was released May 6, 2016 in Current Reports.  The Monthly Snapshots are posted on or near the 1st Monday of the month. 

Excerpt from the Apr 16 Aspen Snowmass Real Estate Market Snapshot: 

"Bottom line: The Aspen Snowmass real estate market continued its significant retreat this year from a sizzling 2015. For the total combined marketplace. April 2016 had the poorest April sales activity in the past eight years since April 2009. The Aspen market alone is off 44%-61% year-to-date and in specific property categories and neighborhoods the decline is more. This is even though April is typically one of the highest performing months of the year as buyers close on property placed under contract during the ski season."

See recent Before/After redevelopment 'flip job' examples in Miscellaneous Info at the bottom of the Menu Bar on the left. These are properties that have been recently or are currently being redeveloped for re-sale. This post is updated (02/16/16) as additional re-sale properties come on the market at significantly higher prices.

Last week's Aspen and Snowmass sales activity appears below. Scroll down the page for 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 search the 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.

_______________________


Market Activity Week 18, May 1 - 8, 2016

Aspen Snowmass real estate weekly sales and under contract activity appears below for all Aspen, Snowmass 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.


Closed (2)MLS#'s: 141477, 137196. This link is valid until 6/7/2016.

Under Contract/Pending (6)MLS#'s: 135715, 130581, 133494, 139431, 143480, 143833. This link is valid until 6/7/2016.


Aspen Snowmass Solds Last Week: 

MLS #141477 - Melton Ranch, 73 Sinclair Lane, Snowmass Village, CO: Sold Price: $1,835,000/$626 sq ft; furnished. More details below photos.

Aspen real estate 05082016 141477 73 Sinclair Lane 1 590W  Aspen real estate 05082016 141477 73 Sinclair Lane 2 590W  Aspen real estate 05082016 141477 73 Sinclair Lane 3 190H Aspen real estate 05082016 141477 73 Sinclair Lane 4 190H  Aspen real estate 05082016 141477 73 Sinclair Lane 5 190H Aspen real estate 05082016 141477 73 Sinclair Lane 6 190H

MLS #141477 - Melton Ranch, 73 Sinclair Lane, Snowmass Village, CO: Sold Price: $1,835,000/$626 sq ft; furnished. Asking Price: $1,949,000. (Original Price: $1,975,000 and 189 days on the market since 10/26/2015.) This is a 1977 built and 2015 remodeled, 4 bedroom/3 bath, 2,931 sq ft single family residence with 2 car garage on a 25,002 sq ft lot. This is an example of an increasingly hard to find older but remodeled family home within the Aspen School District selling at under $2M. Broker comments are "Beautiful 4 bedroom plus loft home in Melton Ranch. Recently redone, including 1,072 square feet that had been previously unfinished. Interiors done by Laura U Interior Design and property comes fully furnished. Amazing views from the home and large deck! Owner brought in a gas line which now provides both heating and A/C throughout the home. Other upgrades include updated lightning, new interior paint, updated guest bath on second floor, and the gas line has been run to the kitchen for future renovation and gas cooking. Great access to all the Snowmass has to offer. Owner can get a parking pass in the mall lots for approximately $60/annually. Access to the Rim Trail is moments away!" 2015 Taxes: $3,536; HOA Dues: $90 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 03/17/2016; Sold Date: 05/02/2016. (Photos and broker comments courtesy of Aspen Snowmass Sotheby's International Realty-Snowmass Village)

MLS #137196 - Seasons 4, 35 Lower Woodbridge Road 147, Snowmass Village, CO: Sold Price: $365,000/$530 sq ft; unfurnished. More details below photos.

Aspen real estate 05082016 137196 35 Lower Woodbridge Road 147 1 590W  Aspen real estate 05082016 137196 35 Lower Woodbridge Road 147 2 590W  Aspen real estate 05082016 137196 35 Lower Woodbridge Road 147 3 285W Aspen real estate 05082016 137196 35 Lower Woodbridge Road 147 4 285W  Aspen real estate 05082016 137196 35 Lower Woodbridge Road 147 5 285W Aspen real estate 05082016 137196 35 Lower Woodbridge Road 147 6 285W

MLS #137196 - Seasons 4, 35 Lower Woodbridge Road 147, Snowmass Village, CO: Sold Price: $365,000/$530 sq ft; unfurnished. Asking Price: $399,000. (Original Price: $425,000 and 479 days on the market since 01/06/2015.) This is a 1971 built and 2014 remodeled, 1 bedroom/1 bath, 688 sq ft condo. Broker comments are "This contemporary condo underwent complete refurbishment in January 2015. Refinished hardwood floors, new paint, new carpet. Sound mitigation installed in ceiling. A brand new washer dryer was installed in November 2015. This is a warm, sunny, very private corner unit. Outdoor courtyard in the summer, wood-burning fireplace, and ski storage. This unit has great views, dedicated parking, and is close to the Village Shuttle. Unit has all new windows and sliding door to deck, installed in January 2015." 2015 Taxes: $999; HOA Dues: $1,231 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 02/23/2016; Sold Date: 04/29/2016. (Photos and broker comments courtesy of BERKSHIRE HATHAWAY HomeServices | Aspen Snowmass Properties)

 

Tim Estin welcomes your business, inquiries and comments. Call him at 970.309.6163 or email him from the Contact Page. Subscribe to The Estin Report and blog on twitter @EstinAspen by clicking "Join the conversation" button below or click one of the different subscription options in banner at the top of page:


Recent Estin Report tweets on Aspen Real Estate

 

EstinAspen Oct 8 - 15, 2017: 845 Roaring Fork Dr on Half Acre Closes at $11.6M/$3,608 sf: #AspenRealEstate Closed (11)+UC (6) https://t.co/TI5SsS7EHh
EstinAspen Sep 24-Oct 1,17 #EstinReport Rare Top of Mill '12 Ski InOut Hm Sells at $22.5M/$2,455 SF #AspenRealEstate SalesStats https://t.co/XnZ0hpXGZh
EstinAspen Sept 24 - Oct 1, 2017 #EstinReport: Last Week's #AspenRealEstate Sales & Stats: Closed (10) + Under Contract (17) https://t.co/q90UZppCk4
EstinAspen Sept 17 - 24, 2017 #EstinReport: Last Week's #AspenRealEstate Sales & Stats: Closed (11) + Under Contract (14) https://t.co/I3CAIRdyiv
EstinAspen RT @KingJames: U bum @StephenCurry30 already said he ain't going! So therefore ain't no invite. Going to White House was a great honor unti…
EstinAspen Sept 10 - 17, 2017 #EstinReport: Last Week's #AspenRealEstate Sales & Stats: Closed (15) + Under Contract (9) https://t.co/iansQHEHvY
EstinAspen Sept 3 - 10, 2017 #EstinReport: Last Week's #AspenRealEstate Sales & Stats: Closed (13) + Under Contract (10) https://t.co/3RyN30pw1j
EstinAspen Aug 27-Sep 3, 17 #EstinReport: Last Week's #AspenRealEstate Sales & Stats: Closed (20) + Under Contract (10) https://t.co/n0Nrv79TYj

 

Disclaimer: The statements made in The Estin Report and on Aspen broker Tim Estin's blog represent the opinions of the author and should not be relied upon exclusively to make real estate decisions. A potential buyer and/or seller is advised to make an independent investigation of the market and of each property before deciding to purchase or to sell. To the extent the statements made herein report facts or conclusions taken from other sources, the information is believed by the author to be reliable, however, the author makes no guarantee concerning the accuracy of the facts and conclusions reported herein. Information concerning particular real estate opportunities can be requested from Tim Estin at 970.309.6163 or by emailThe Estin Report is copyrighted 2016 and all rights reserved. Use is permitted subject to the following attribution with a live link to the source: "The Estin Report on Aspen Real Estate."

_______________________________________

 

 

 

 

 

 

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

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