The new chart below is an add-in to The Estin Report: 2Q2010 Aspen Snowmass Residential Report, page 10 chart, “2004 – 2010 Sales in Dollar Volume” and shows the actual annual dollar amounts. It highlights the percent change between 1st Half 2007 (peak total sales year) vs 1st Half 2010 Aspen Snowmass real estate sales in the upper Roaring Fork Valley.


Chart Legend
ASE SFH: Aspen single family home; ASE CTD: Aspen condo, townhome and duplex
SMV SFH: Snowmass Village single family home; SMV CDT: Snowmass Village condo, townhome, duplex

Last Week’s Aspen and Snowmass Market Activity: Last week’s real estate sales activity appears below for the upper Roaring Fork Valley for all property types over $250,000 excluding fractionals in Aspen, Snowmass Village, Woody Creek and Old Snowmass (although Residences at Little Nell and Dancing Bear are included due to their higher fractional price points). Because the MLS link(s) to photos and property details expire after 30 days, photos and descriptions of the closed properties are posted to preserve an archive of sold market activity.

For a spreadsheet summary of the past week’s activity, see The Estin Report: Aspen Snowmass Weekly Sales Statistics August 9 – August 16, 2010.

Closed (7): MLS#’s 112515, 116823, 114206, 112129, 106962, 109633, 114786. This link is valid 30 days until 9/15/10.

MLS # 112515 – 1034 E Cooper Avenue #10, Chateau Eau Claire, Aspen, CO:
Sold Price: $1,000,000./$1,036 sq ft; Ask Price: $1,150,000, Original Price: $1,450,000 and 373 days on the market. This is a 1971 built, 2006 remodeled, 2 bdrm/ 2 bath, 965 sq ft condominium. Listing broker comments, “A warm and charming property perched amidst the trees and overlooking the Roaring Fork River. The deck is a lovely sanctuary, cool and breezy under the shade of nearby aspens and cottonwoods. The interiors feature a renovated kitchen with wood floor, new cabinetry and appliances, as well as a delightful furniture and accessories package. Woodburning fireplace. Owners love the management of the building.” 2009 Taxes: $3,883.; HOA Dues: $2,810 per quarter (Photos and description courtesy of BJ Adams and Company-Aspen)

MLS # 116823 – 115 Harleston Green 59, Country Club Homes, Snowmass Village, CO:
Sold Price: $905,000./$555 sq ft; Ask Price: $925,000 and 55 days on the market. This is a 1982 built, 3 bdrm/ 2 bath, 1 half baths, 1,630 sq ft condominium. Listing broker comments, “Fantastic chance to own in the prestigious Snowmass Club. This three-bedroom, two and one-half bath townhome is the least expensive townhome available, creating a great opportunity for a buyer. Ideal location for full-time resident or second homeowner and is ready for your finishing touches. Snowmass Village shuttle to skiing and all of Snowmass Village is just steps away.” 2009 Taxes: $970.; HOA Dues: $1,402 per quarter (Photos and description courtesy of Joshua & Co, Snowmass Village)

MLS # 114206 – 345 Eastwood Road, Aspen, CO:
Sold Price: $7,250,000./$974. sq ft; Ask Price: $7,500,000. Original Price: $11,800,000 and 528 days on the market. This is a 2008 built, 6 bdrm/ 7 bath, 3 half baths, 7,440 sq ft home. Listing broker comments, “Spectacular new mountain contemporary home in Aspen’s quiet Eastwood neighborhood. Lots of sun, close views of Aspen Mountain, & minutes from downtown & gondola. Once listed for $11,800,000, the value at $7,500,000 is now unmistakable. No detail has been overlooked. Finishes are extraordinary. Perfect for entertaining large groups inside & out. High ceilings, formal dining room, multiple family areas, gourmet kitchen, wired for home theater, potential for 2000 bottle wine room, gym w/ steam shower, onyx stone bars, several custom fireplaces, vaulted ceilings, elevator, air conditioning, Lutron lighting system, two car garage. Designed for outdoor entertaining with a 16×30 outdoor pool, hot tub, patio, wrap-around decks, landscaped backyard and lawn, & mature trees on a private lot.” 2009 Taxes: $4,961.(Photos and description courtesy of Morris & Fyrwald, Sotheby’s Intl Realty)

MLS # 112129 – 1945 E Cooper Avenue, Aspen, CO:
Sold Price: $3,450,000./$1,062 sq ft; Ask Price: $3,595,000: Original Price: $4,945,000 and 398 days on the market. This is a 2002 built, 2007 remodeled, 4 bdrm/ 4 bath, 3,248 sq ft home. Listing broker comments, “Best buy in the core! Completed in 2002 and renovated in 2007-09. This 4+ bdrm, 4 bth, single family home is absolutely perfect. The Aspen core location has close proximity to restaurants, grocery, shopping & gondola and located in a private enclave. If you are expecting views, this house has views in all directions with all day sun. The upper level features an open floor plan, kitchen, dining room and living room with fireplace, separate office/library with extra bed and full bath.There is a sunny terrace with gas barbecue. The main level has a master bedroom and bath with whirlpool and steam shower. The lower level has 3 comfortable bedrooms and 2 full baths (1 w/steam shower), a laundry large enough for 2 high capacity washers and gas dryers, wet bar and media room w/ surround sound.” 2009 Taxes: $8,643.; HOA Dues: $333 per quarter (Photos and description courtesy of Aspen Snowmass Partners, LLC)

MLS # 106962 – 610 S West End Street K-304, Gant Condominium Complex, Aspen, CO:
Sold Price: $1,500,000./$1,417 sq ft; Ask Price: $1,595,000 and 726 days on the market. This is the second Gant Condo closing in 6 months, after an approx 1 1/2 yr drought of sales. The unit is 1972 built, oversized 3 bdrm/ 2 bath, 1,058 sq ft condominium. Listing broker comments, ” Dramatic, fun interior differentiates this top-floor unit as do the over-sized living, extra livin room window, fully enclosed bath in the 2nd bedroom, corner location, 3 decks and proximity to the pool and Ute Ave. Recently remodeled.” 2009 Taxes: $5,129.; HOA Dues: $20,633 per year (Photos and description courtesy of Mason & Morse Real Estate – Aspen)

MLS # 109633 – 405 S Monarch Street Unit 107, Limelight Condominium, Aspen, CO:
Sold Price: $5,000,000./$1,379 sq ft; Ask Price: $5,900,000: Original Price: $6,600,000 and 546 days on the market. The Limelight/Monarch on the Park complex was completed in ’08 with 13 total units. It is located in the center of downtown on Wagner Park and faces Aspen Mountain. This is a 4 bdrm/ 4.5 bath, 3,626 sq ft condo. Listing broker comments, “Last developer residence for sale, Views of Aspen Mountain, Wagner Park, and downtown Aspen, this spacious first floor residence offers a covered patio for outdoor living space. The open floor plan features 4 bedrooms, 4.5 baths, magnificent great room, state of the art gourmet kitchen, expansive windows, hardwood doors & cabinetry, zone-controlled air conditioning, separate storage space, and underground parking for 2 cars. Walk to the gondola, restaurants, shops, parks, and bike paths. Brand new construction just completed!” 2009 Taxes: $13,271.; HOA Dues: $2,122 per month (Photos and description courtesy of Morris & Fyrwald, Sotheby’s Intl Realty)

MLS # 114786 – 27 Nighthawk Drive, Aspen, CO: Sold Price:
$5,900,000./$1,145 sq ft; Ask Price: $6,450,000 and 181 days on the market. This is a 1972 built, 2009 remodeled, 4 bdrm/ 4 bath, 2 half baths, 5,150 sq ft home. Listing broker comments, “Nestled on an easily accessible lot on the coveted Ridge of Red Mountain, this beautifully furnished 5,150 square foot, four-bedroom, four-full and two-half bath home has everything the most discerning family could want. Built in 2002, the home features an oversized master suite separated from the living area, a spacious guest master suite, an open kitchen with adjacent breakfast nook and dining area, second family area complete with a bar and walk-in wine room, a media room with stadium seating, and an oversized two-car garage with extra storage room. Outdoor areas include expansive patio terraces with grill, fire pit, and hot tub making this the perfect retreat in winter or summer. Mature landscaped lawn and trees with south facing 180 degree views. Addendum: The home is also wired with smart AMX audio control system.” 2009 Taxes: $11,557.; HOA Dues: $761 per year. (Photos and description courtesy of The Aspen Brokers, LTD).

Pending / Under Contract (5): MLS#’s 112908, 116997, 114285, 116985, 114395. This link is valid 30 days until 9/15./10. Photos of under contract listings are not posted unless special circumstances dictate.

Tim Estin is an active Aspen Snowmass real estate broker and he welcomes your business, comments and inquiries. !- var prefix = ‘mailto:’; var suffix = ”; var attribs = ”; var path = ‘hr’ + ‘ef’ + ‘=’; var addy94057 = ‘testin’ + ‘@’; addy94057 = addy94057 + ‘estinaspen’ + ‘.’ + ‘com?subject=EstinAspen%20website%20inquiry’; var addy_text94057 = ‘Email me’; document.write( ‘‘ ); document.write( addy_text94057 ); document.write( ” ); //–> Email him !- document.write( ‘‘ ); //–> This e-mail address is being protected from spambots. You need JavaScript enabled to view it !- document.write( ” ); //–> or call 970.920.7387. Find tweets and/or subscribe to RSS feeds for The Estin Report and blog on twitter @EstinAspen.

Disclaimer: The statements made in The Estin Report and on 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 970.920.7387 or by email.. The Estin Report is copyrighted 2010 and all rights reserved.. Use is permitted subject to the following attribution: “The Estin Report: State of the Aspen Market, By Tim Estin, mba, gri,”