Last week’s Aspen and Snowmass sales activity appears below. Scroll down the page for photos and details of weekly solds 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. Or use SearchEstinAspen to search by topic, address, subdivision or complex name, date etc. If it’s about Aspen real estate, the information should be here.

Future Activity: (9) more under contract last week …add (20) Under Contracts two weeks ago + (11) three weeks ago + (20) four weeks ago + (18) five weeks ago, + (19) six weeks ago = (97) under contracts in past seven weeks is… significant. Under contract activity is indicative of future performance as most of these properties are scheduled to close in approximately 14 – 45 days.

2014 July vs 2013 July Under Contract Activity

July 2014: (62) under contract/ pending Jul 1-31, 2014 This link is valid until 8/31/2014.

% Chg = +100%

July 2013: (31) under contract/ pending Jul 1-31, 2013 This link is valid until 9/1/2014.

The Estin Report: 2nd Quarter / 1st Half 2014 State of the Aspen Real Estate Market was released online in Current Reports on July 18, 2014. The print edition is available in racks around town and my office at 300 S. Spring St across from the new Aspen Art Museum.

Q2 / H1 2014 Aspen Snowmass Real Estate Market Direction Pg 9 Chart

Market Activity Week 32, August 10-August 17, 2014:

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 (13): MLS #s: 135760, 131072, 126092, 135671/135670/135669, 132471, 135699, 134695, 134397, 124997, 134718, 133880. This link is valid until 9/17/2014.

Under Contract / Pending (9): MLS #s: 130224, 133958, 128460, 135005, 132914, 135044, 134385, 134924, 135365. This link is valid until 9/17/2014.

Aspen Snowmass Solds Last Week:

MLS #135760 – Aspen, Red Mountain, Pitkin Green single family home, 865 Willoughby Way, Aspen, CO: Sold Price: $20,000,000/$1,711 sq ft. More details below photos.

MLS #135760 – Aspen, Red Mountain, Pitkin Green single family home, 865 Willoughby Way, Aspen, CO: Sold Price: $20,000,000/$1,711 sq ft; Asking Price: $20,000,000. (Original Price: $20,000,000 and 79 days on the market since 08/15/2014.) This is a 1997 built, 6 bedroom/7 bath/1 half bath, 11,685 sq ft single family home with 3 car garage on a 65,340 sq ft lot. No broker comments. Under Contract Date: 05/27/2014; Sold Date: 08/07/2014. (Photos courtesy of Joshua & Co.)

MLS #131072 – Aspen, West Aspen single family home, 1345 Mountain View Drive, Aspen, CO: Sold Price: $5,100,000/$803 sq ft unfurnished. More details below photos.

MLS #131072 – Aspen, West Aspen single family home, 1345 Mountain View Drive, Aspen, CO: Sold Price: $5,100,000/$803 sq ft unfurnished; Asking Price: $5,695,000. (Original Price: $5,695,000 and 372 days on the market since 08/05/2013.) This is a 2004 built, 4 bedroom/3 bath/2 half bath/1 three-quarter bath, 6,346 sq ft single family home with 2 car garage on a 15,030 sq ft lot. Broker comments are, “A five bedroom West Aspen home was built by a long time local realtor with a history of development and a growing family. He carefully and creatively designed every inch of the home as a culmination of years of trial and error building spec homes in the valley, with a real eye for detail. Considered as Aspen’s favorite family neighborhood, the West Meadow subdivision off Cemetery Lane is maintained by one of the oldest and most established home owner’s associations in town. Single family zoning is protected on the cul de sac. Cemetery Lane bike path and the free shuttle which runs along the lane to and from town are two of the perks of living on this kid-centric street. Open floor plan on the upper level living area provides a nice flow from kitchen,indoor and outdoor living spaces and dining room.” 2013 Taxes: $7,913. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/05/2014; Sold Date: 08/12/2014. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #126092 – Aspen, West Aspen, Five Trees single family home, 171 Cascade Lane, Aspen, CO: Sold Price: $6,950,000/$966 sq ft unfurnished. More details below photos.

MLS #126092 – Aspen, West Aspen, Five Trees single family home, 171 Cascade Lane, Aspen, CO: Sold Price: $6,950,000/$966 sq ft unfurnished; Asking Price: $7,275,000. (Original Price: $7,990,000 and 1,449 days on the market since 06/15/2010.) This is a 2000 built, 6 bedroom/6 bath/1 half bath, 7,189 sq ft single family home with 3 car garage on a 25,570 sq ft lot. Broker comments are, “Exceptional ”Mountain Country’ home located on meadow in Five Trees. Unbeatable location with direct ski access to Aspen Highlands via Five Trees chair lift, walk to Aspen Schools, extremely private, abundant wildlife on meadow, flat usable lot and short drive to town. Spacious floor plan with high end details including reclaimed timber trusses, wormy chestnut floors, custom wood carvings, water features, media/theater area, gym, A/C, and huge 3 car garage and much more. Seller is a licensed Real Estate agent.” 2013 Taxes: $21,729. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/07/2014; Sold Date: 08/08/2014. (Photos and broker comments courtesy of Coldwell Banker Mason Morse.)

MLS #135671/135670/135669 – Aspen, East Aspen, Three Knollwood vacant single family riverfront lots one mile east of town, TBD Highway 82, Aspen, CO: Sold Price: $3,300,000/$2,325,000/$2,800,000. More details below photos.

MLS #135671/135670/135669 – Aspen, East Aspen, Three Knollwood vacant single family riverfront lots one mile east of town, TBD Highway 82, Aspen, CO: Sold Price: $3,300,000/$2,325,000/$2,800,000. A developers delight.Asking and Original Price: $2,300,000/3,300,000/3,300,000. Broker comments are, “Most exceptional river lots with beautiful contemporary homes to be built. Allowable FAR- 4498sf & 750sf garage. ” 2013 Taxes: $17,918 each lot; HOA Dues: TBD. Under Contract Date: 08/04/2014; Sold Date: 08/14/2014. (Photos and broker comments courtesy of Whitman Fine Properties.)

MLS #132471 – Aspen, Central Core, Chateau Snow condo, 926 E. Waters Avenue 201, Aspen, CO: Sold Price: $1,900,000/$1,534 sq ft unfurnished. More details below photos.

MLS #132471 – Aspen, Central Core, Chateau Snow condo, 926 E. Waters Avenue 201, Aspen, CO: Sold Price: $1,900,000/$1,534 sq ft unfurnished; Asking Price: $1,990,000. (Original Price: $2,200,000 and 232 days on the market since 12/26/2013.) This is a 1969 built/2013 remodeled, 2 bedroom/2 bath, 1,238 sq ft condo. Broker comments are, “A rare 2 bedroom 2 bathroom condominium on the edge of the core. This condo offers bright and sunny south facing windows and views of Aspen Mountain but the best news is the complete remodel from Bowden Interiors creating a mountain urban masterpiece walking distance to the Gondola. Bonus laundry room/mud room. Absolute must see for any core area buyer.” 2013 Taxes: $2,258; HOA Dues: $2,504 Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/15/2014; Sold Date: 0815/2014. (Photos and broker comments courtesy of Bowden Winnerman R.E.)

MLS #135699 – Aspen, Central Core, Independence Square condo, 404 s. Galena Street 300, Aspen, CO: Sold Price: $365,000/$1,216 sq ft unfurnished. More details below photos.

MLS #135699 – Aspen, Central Core, Independence Square condo, 404 s. Galena Street 300, Aspen, CO: Sold Price: $365,000/$1,216 sq ft unfurnished; Asking Price: $365,000. (Original Price: $365,000 and 5 days on the market since 08/11/2014.) How does one know a market has turned? The inexpensive properties get bought up first. This is an 1889 built/1992 remodeled 300 sq ft studio with 1 bath. Broker comments are, “Great Unit facing Galena St. Mall on the Third Floor. Rare: 3 windows from bedroom and one from bathroom. Get in before the Building common areas are remodeled and the values jump.” 2013 Taxes: $777. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/06/2014; Sold Date: 08/11/2014. (Photos and broker comments courtesy of Coldwell Banker Mason Morse.)

MLS #134695 – Woody Creek, Aspen Village single family home, 78 Aspn Village, Wood Creek, CO: Sold Price: $325,000/$162 sq ft. More details below photos.

MLS #134695 – Woody Creek, Aspen Village single family home, 78 Aspn Village, Wood Creek, CO: Sold Price: $325,000/$162 sq ft; Asking Price: $325,000. (Orginal Price: $350,000 and 188 days on the market since 02/07/2014.) This is a 2004 built, 4 bedroom/2 bath, 2,006 sq ft single family home on a 5,143 sq ft lot in what was once a mobile home park. Broker comments are, “Feels like a brand new home. This 2004 UBC home offers 2,006 sft of living space. 3 beds / 2 baths + additional bedroom / living area upstairs. There are no monthly HOA dues because of the Metro District. Kids playground and pool are additional amenities. It is part of the Aspen School district and is close to the RFTA bus stop.” 2013 Taxes: $3,473. Under Contract Date: 06/29/2014; Sold Date: 08/14/2014. (Photos and broker comments courtesy of the Best Way Home R.E.)

MLS #134397 – Snowmass Village, Viceroy condo, 130 Wood Road 124, Snowmass Village, CO: Sold Price: $2,231,550/$1,002 sq ft furnished. More details below photos.

MLS #134397 – Snowmass Village, Viceroy condo, 130 Wood Road 124, Snowmass Village, CO: Sold Price: $2,231,550/$1,002 sq ft furnished; Asking Price: $2,349,000. (Original Price: $2,349,000 and 260 days on the market since 12/12/2012.) This is a 2010 built, 4 bedroom/3 bath, 2,227 sq ft condo. broker comments are, “New Condominium units now available at the world-acclaimed Viceroy. Ski in-Ski-out in Snowmass’ Base Village, there is nothing else like in the Aspen/Snowmass market for wholly-owned condominiums. Leed Gold Certified Property. One time Base Village Metro Fee paid by Buyer of $5,150.” 2013 Taxes: $14,261; HOA Dues: $14,048 Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 07/12/2014; Sold Date: 08/14/2014. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #124997 – Snowmass Village, Ridge condo, 229 Faraway Road 25, Snowmass Village, CO: Sold Price: $1,037,162/$709 sq ft furnished. More details below photos.

MLS #124997 – Snowmass Village, Ridge condo, 229 Faraway Road 25, Snowmass Village, CO: Sold Price: $1,037,162/$709 sq ft furnished; Asking Price: $1,155,000. (Original Price: $1,335,000 and 1,427 days on the market since 07/05/2010.) This is a 1985 built/2012 remodeled, 3 bedroom/3 bath, 1,461 sq ft condo with 1 car garage. Broker comments are, “Perfectly framed Mount Daly and Snowmass ski run views from living room, master and 32 foot deck. 3 bed/3 bath top floor unit with vaulted ceilings, bright open floor plan for large gatherings, wood burning fireplace, designated carport. Designer remodeled in 2012 with new appliances, flooring, window treatments and all furniture. Amenities include ski access on maintained path to Assay Hill, village shuttle stop at complex, pool, 2 hot tubs, exercise room, ski storage and on-site manager.” 2013 Taxes: $2,804; HOA Dues: $2,966 Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 07/06/2014; Sold Date: 08/11/2014. (Photos and broker comments courtesy of Joshua & Co.)

MLS #134718 – Snowmass Village, Ridge condo, 229 Faraway Road 8, Snowmass Village, CO: Sold Price: $1,100,000/$687 sq ft unfurnished. More details below photos.

MLS #134718 – Snowmass Village, Ridge condo, 229 Faraway Road 8, Snowmass Village, CO: Sold Price: $1,100,000/$687 sq ft unfurnished; Asking Price: $1,119,000. (Original Price: $1,119,000 and 63 days on the market since 06/13/2014.) This is a 1985 built/2005 remodeled, 2 bedroom/3 bath, 1,600 sq ft condo. Broker comments are, ” Top floor, corner unit with spectacular views of Snowmass Ski Area, Mt. Daly, and the Brush Creek Valley, Ski in/out to Assay Hill with access on groomed trail just steps from the door. Enjoy spacious decks with afternoon sun as well as the year round heated pool and spa just outside the door. Ridge 8 was remodeled in 2005 with additional sq. footage added making this 2 bedroom 3 bathroom a real winner. Includes great storage, covered parking, gas fireplace, and vaulted ceilings. Very little owner usage has left this condo in great shape. Comparable Ridge units have great rental history. The Ridge completed a gorgeous exterior remodel in 2008, has meticulously maintained grounds and offers on-site property management and exercise room.” 2013 Taxes: $3,092; HOA Dues: $3,247 Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 07/03/2014; Sold Date: 08/12/2014. (Photos and broker comments courtesy of Snowmass Select Properties.)

MLS #133880 – Snowmass Village, Snowmass Mountain condo, 55 Upper Woodbridge Road L4, Snowmass Village, CO: Sold Price: $395,000/$388 sq ft. More details below photos.

MLS #133880 – Snowmass Village, Snowmass Mountain condo, 55 Upper Woodbridge Road L4, Snowmass Village, CO: Sold Price: $395,000/$388 sq ft; Asking Price: $429,000. (Original Price: $449,000 and 118 days on the market since 04/21/2014.) This is a 1973 built, 2 bedroom/2 bath, 1,016 sq ft condo. Broker comments are, “Outstanding Snowmass Mountain ski area and Independence Pass views from this 2 bed/ 2 bath, corner unit with extra balcony. Slightly larger condo with wood burning fireplace and open floor plan. In unit washer/dryer, complex enjoys outdoor pool, ski area shuttle bus service, easy access to the walking trails. Keep as is or remodel to your tastes.” 2013 Taxes: $1,175; HOA Dues: $2,049 Qtr. Town of Snowmass Transfer Tax approx. 1.0% payable by buyer. Under Contract Date: 07/02/2014; Sold Date: 08/14/2014. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

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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 email. The Estin Report is copyrighted 2014 and all rights reserved. Use is permitted subject to the following attribution with an active link to the source: “The Estin Report on Aspen real estate.”

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