The site has experienced server interruptions with related active link and email contact issues Jul 19- Aug 2nd. My sincere apology. I believe it’s all fixed but I may only really know if you advise me of issues/problems. Thank you.
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: The under contract activity in the past four weeks, with (11) last week + (20) two weeks ago, (18) three weeks ago, (19) four weeks ago = (68) in past month is off the charts (…6 have fallen out since then for a total of 62 UC/Pending at present). Under contract activity is indicative of future performance as most of these properties are scheduled to close in approximately 21-45 days.
July 2014 vs July 2013 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 30, July 27 – August 3, 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 (2): MLS #s: 127779, 130332. This link is valid until 9/3/2014.
Under Contract / Pending (11): MLS #s: 133987, 135112, 131687, 119487, 128095, 134080, 135175, 132938, 135420, 129766, 128038. This link is valid until 9/3/2014.
Aspen Snowmass Solds Last Week:
MLS #134264 – Aspen, East Aspen, 44190 Highway 82 (or Hwy 82), Aspen, CO: Sold Price: $7,800,000/$1,435 sq ft. More details below photos.
MLS #134264 – Aspen, East Aspen, 44190 Highway 82 or Hwy 82, Aspen, CO: Sold Price: $7,800,000/$1,435 sq ft; Asking Price: $8,750,000. (Original Price: $10,900,000 and 950 days on the market since 05/17/2011.) This is a 1986 built, 4 bedroom/3 bath/1 half bath, 5,435 sq ft single family home with 3 car garage on an 87,120 sq ft lot surrounded on 3 sides by the 310 acre North Star Preserve. This sale took place at the end of July 2014 and the property had been withdrawn from the MLS. It is considered an off market sale, but is a useful neighborhood comparable. Broker comments are, “Built w/hand-hewn logs from Aspen Mt & situated on 2+ private fenced acres overlooking a stocked Trout pond w/grandfathered water rights & lush Elk meadows. This beautiful East Aspen Estate has 4 bedrooms, 3.5 baths & a Vault. It’s just minutes from downtown Aspen toward Independence Pass near the North Star Preserve. The Estate is an ideal setting for the outdoor enthusiast & benefits greatly from the peace & quiet of Indy Pass being closed a substantial portion of the year. Oversized decks, patios & heated 3-car garage. Private road access w/extensive parking and naturally heated driveway that requires minimum plowing. Perfect location offers scenic Roaring Fork River views and dramatic mountain vistas of Richmond Ridge and up the Pass. This paradise property really is a dream come true.” 2013 Taxes: $17,521. Under Contract Date: 6/16/2014; Sold Date: 07/30/2014. (Photos and broker comments courtesy of Coldwell Banker Mason Morse.)
MLS #127779 – Woody Creek, Aspen River Valley single family home, 2147 Lower River Road, Snowmass, CO: Sold Price: $2,999,000/$726 sq ft. More details below photos.
MLS #127779 – Woody Creek, Aspen River Valley single family home, 2147 Lower River Road, Snowmass, CO: Sold Price: $2,999,000/$726 sq ft; Asking Price: $2,999,000. (Original Price: $3,450,000 and 1,089 days on the market since 06/24/2010.) This is a 1979 built/2000 remodeled, 4 bedroom/4 bath/1 half bath, 4,130 sq ft single family home with 2 car garage on 14.26 acres. Broker comments are, “From the moment you drive through the white fence line you are enchanted by the beauty of this lovely small ranch. The grounds are irrigated and beautifully green and the pond adds to the ambiance. The barn is perfect for your horses or toys. The home has gracious rooms for family living and entertaining. From the huge dining room to the gourmet eat in Kitchen and a living room that has high ceilings and views of the mountains and red cliffs. The outside decks allow you to expand your living space. To add to this is a spacious caretaker apartment with separate entrance. A full package to enjoy the good life ”half way” between Aspen and Basalt. A must see. Property is located in the Basalt School District.” 2013 Taxes: $6,286. Under Contract Date: 06/26/2014; Sold Date: 07/28/2014. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)
MLS #130332 – Aspen, Central Core, Chateau Roaring Fork condo, 1039 E. Cooper Avenue 36-B, Aspen, CO: Sold Price: $1,040,000/$936 sq ft furnished. More details below photos.
MLS #130332 – Aspen, Central Core, Chateau Roaring Fork condo, 1039 E. Cooper Avenue 36-B, Aspen, CO: Sold Price: $1,040,000/$936 sq ft furnished; Asking Price: $1,095,000. (Original Price: $1,395,000 and 410 days on the market since 07/29/2014.) This is a 1969 built/2013 remodeled, 3 bedroom/2 bath, 1,110 sq ft condo. Broker comments are, “Top floor fully renovated 3 bedroom 2 bath unit with high ceilings, wood floors, televisions in all rooms, an open floor plan, and in-unit laundry. The complex has a fabulous pool area, parking, conference center and exercise room. Good rental unit. Both storage and ski locker are available for rent.” 2013 Taxes; $2,058; HOA Dues: $2,855 Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 05/29/2014; Sold Date: 07/29/2014. (Photos and broker comments courtesy of Frias Properties.)
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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.”