The President’s Week Holiday was fairly busy, and, finally, we received some long awaited snow, about 27″ fresh powder over the weekend.

For my take on the market at present, please listen to my interview on CO Public Radio over Christmas 2009, see The Estin Report “White Paper” on Year End 2009 and go to my Feb 2010 Update, “Time to Buy?”. Lastly, click on this link for Aspen and Snowmass Village actual 2009 pricing data and 2004-2009 sold histories.

Here is this past week’s Aspen and Snowmass Village real estate activity for all property types over $250,000 excluding fractionals.

Closed (5): 113746,111638, 109663, 109888, 108449 Link expires after 30 days on 3/23/10

MLS # 108449 – 101 Stein Way, Aspen Highlands Village, Aspen: Ask Price: $4,800,000; Sold Price: $4,375,000/$647 sq ft. (Original Price: $6,700,000 and 453 days on the market). This is a 2002 built 5 bdrm/.6.5 Ba, 6,763 sq ft, 2-car garage, elevator and central A/C Aspen Highlands Townhomewithin easy waliking distance to skiing and full bus/shuttle service to/from Aspen. (Property description and photos courtesy of Mason Morse Real Estate and Aspen/Glenwood MLS)

MLS # 109888 – 824 E. Durant, Enclave at Aspen Townhomes, Two Blocks to Gondola, Aspen: Ask Price: $ 6,250,000; Sold Price: $6,250,000/$1,536 sq ft, -5% off original price (Original List Price: $6,600,000 and 350 days on the market). This is a 1995, 4 Bdrm/4.5 Ba, 4070 sq ft townhome with 2-car garage two blocks from the Aspen Mountain Gondola.Beautiful wood finishings, vaulted ceilings and a large outdoor deck off the living room for entertaining with unobstructed views of Aspen Mountain.(Property description and photos courtesy of CB The Aspen Brokers and Aspen/Glenwood MLS)

MLS #113746 – 140 Forest Ln, Wood Run, Snowmass Village, CO: Ask Price: $5,495,000; Sold Price: $4,300,000/$1,098 sq ft, -22% off original list. (Original Price:$5,495,000 and 99 days on the market). This is a 1977, recently remodeled, ski in/out 3,915 sq ft home on .6 acres. 5 Bdrms/5 Ba, Near the Alpine Springs ski lift and Funnel Ski run, this is an excellent 2nd home with great ski access. (Property description and photos courtesy of Mason Morse Real Estate and Aspen/Glenwood MLS)

MLS # 109663 – 473 Divide Drive, Divide Subdivision, Snowmass Village,CO: Ask Price: $5,950,000; Sold Price: $4,750,000/$925 sq ft, -44% off original list price. (Original List Price: $8,500,000 and 363 days on the market). This is a 1994 built/2006 remodeled 5 bdrm/4 bath plus 2 half baths, 5,137 sq ft ski access desirable Divide subdivision home that sold at a considerable discount.(Property description and photos courtesy of Chafin Light Real Estate Snowmass and Aspen/Glenwood MLS)

MLS # 111638 – Vacant Lot on Tbd McLain Flats Rd, Aspen
: Ask Price: $5,950,000; Sold Price: $4,500,000, -35% off Original List Price of $6,950,000 and 245 days on the market). Spectacular 13 acre view lot in one of Aspen’s premier 180 degree panorama locations, this site offers large single family home development potential with abundant water rights and horse possibilities.This is the only larger vacant land tract (over 10 acres) to transfer in the past two years. For more info – sold histories – on vacant land, see The Estin Report, Vacant Land Sales 2004 -2009. Please call or email me for further details, 970-920-7387. (Property description and photos courtesy of Morris & Fyrwald Real Estate Sothebys International RE and Aspen/Glenwood MLS)

Under Contract (5):113955, 113462, 99765, 113674, 112719 Link expires after 30 days on 3/23/10. Photos and descriptions of Under Contract/Pending properties are not posted unless special circumstances dictate.

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 at This e-mail address is being protected from spambots. You need JavaScript enabled to view it .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,