The Nov 2016YTD Aspen Snowmass Real Estate Market Snapshot wasposted on 12/28 inCurrent Reports. The Dec 2016 YTD Snapshot will be posted in the next two days.The Monthly Snapshots are usually posted on or near the 1st Monday of the month. My year end 2016 report will be released 1st or 2nd week of Jan 2017.
Nov 2016 Market Snapshot excerpt:
“Nov ’16 has been less ‘bad’ than Oct or Sep. The uncertainty of the election has passed, the “Trump Trade” has pushed the stock market to record highs and the financial markets are bullish. Historically, these are good omens for Aspen real estate.
For the past two years, the Aspen residential market is being driven by speculative activity in the form of a small handful of REIT type investment groups. In particular, these groups dominated buyer activity in 2015 and new-built home listings in 2016. There are approximately 20-25 brand new spec homes in various stages of construction with some having sold or are under contract validating never-seen-before new pricing levels in specifically the Aspen Core, Historic West End and newer homes on Red Mountain..”
The Estin Report:2nd Quarter and 1st Half 2016State of the Aspen Real Estate Marketwith narrative, charts, tables photos was postedinCurrent Reportsas PDF (v6.6) on July 20th. The print edition is available at kiosks around town, at Sothebys/415 E. Hyman Mall, Sothebys/300 S. Spring St and at the airport.
See recent Before/After redevelopment‘flip job’ examplesin Miscellaneous Info Sectionat 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 (12/28/16) as additional re-sale properties come on the market at significantly higher prices.
Market Activity Week 52, December 25, 2016 – January 1, 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 useSearchEstinAspenin 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 (7):MLS#s 141944, 142307, 141740, 142394, 142490, 143423, 146223.This link is valid until 1/31/2017.
Under Contract/Pending (5):MLS#s 146719, 140283, 141311, 143749, 145424.This link is valid until 1/31/2017.
Aspen Snowmass Solds Last Week:
Recent Estin Report tweets on Aspen Real Estate
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 at970.309.6163or byemail.The Estin Report is copyrighted 2017 and all rights reserved. Use is permitted subject to the following attribution with a live link to the source:“The Estin Reporton Aspen Real Estate.”