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 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: 2nd Quarter and 1st Half 2016 State of the Aspen Market with narrative, charts, tables photos was posted in Current Reports as PDF (v6.6) late Wed. July 20. The print edition is available at kiosks around town, at Sothebys/415 E. Hyman Mall, at Sothebys/300 S. Spring St opposite the new Aspen Art Museum and at the airport.The June Market Snapshot will be posted this week. The Monthly Snapshots are posted on or near the 1st Monday of the month but June is late due to work on the big half year report. 

 

072016 Q2 H1 2015 Estin Report State of the Aspen Market cover final 96Res 350wX457

 

Click cover above for Exec. Summary and full 28-Pg Report PDF

Excerpt from 2nd Quarter and 1st Half 2016 Report Executive Summary :

     "In the 1st Half of 2016, the combined Aspen Snowmass real estate market turned down suddenly and sharply. The total dollar volume of sales fell 43% from $700M in H1 2015 to $396M in H1 2016. Units sales, the more reliable indicator of market activity, dropped 38% from (230) sales in H1 2015 to (143) sales in H1 2016.

     The Aspen real estate market alone, typically accounting for 70-80% of the total combined Aspen Snowmass marketplace but 66% in H1 2016, experienced its worst first half year since H1 2010 in unit sales and its worst in dollars sales since H1 2009 - periods in the grip of the economic crisis and indeed the bleakest of the bleak.

     The 1st Half 2016 market performance is a stunning reversal from the sizzling market of 2015 when sales in a number of categories and neighborhoods were the best of the past ten years. The past 6 month slowdown combined with the increase of active listings for sale is a recipe for prices to fall.

     At present, the market has shifted to the favor of buyers..."

 

See recent Before/After redevelopment 'flip job' examples in Miscellaneous Info Section at 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 (05/16/16) as additional re-sale properties come on the market at significantly higher prices.

_______________________


Market Activity Week 30, July 24 - 31, 2016

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 (0)

Under Contract/Pending (0)

080116 aspen real estate 72 Ute Place

There were no sales last week. There was one transfer recorded at the Pitkin County Assessor office for a single family residence at 72 Ute Place which closed on June 8, 2016 at $12,500,000, but was recorded last week. The home was built in 1989, but completely remodeled and effectively built in 2013. It is a 5 Bdrm/5.5 Ba, 6,453 sq ft home on .240 acres with a 711 sq ft garage. (Photo credit: Piktin County Assessor Office)

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."

_______________________________________

 

 

 

 

MLS #142139 - Old Snowmass, 354 Snowmass Creek Rd., Snowmass, CO: Sold Price: $ 515,000. Asking Price: $550,000. (Original Price: $550,000 and 1,290 days on the market since 04/17/2013.) This is a 255,479 sq ft single family vacant lot. Broker comments are "Come see this gorgeous property on Snowmass Creek Road. The property is 58.65 acres overlooking Snowmass Creek with views South looking towards Old Snowmass and West looking up the Roaring Fork Valley. This is a great development opportunity, with 5,750 SF of FAR. The property shares a driveway with Lot 2, a 1 acre lot with an additional 5,750 SF FAR, which is also on the market and could be purchased together to create a family compound, See MLS #142137. This property is 14 miles from Aspen and a short drive to some of the best hunting and fly fishing in the country. It also stands at a very short distance from the Roaring Fork Club, an incredible Private Club and Golf Course." 2014 Taxes: $5,025. Under Contract Date: 04/27/2016; Sold Date: 07/15/2016. (Photos and broker comments courtesy of Aspen Associates Realty)

 

 

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

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