Three items of note:

1) Land Title posted Jan 2009 Pitkin County Market Summary this week. Click here to see this monthly report and analysis.
2) Feb. 2009 sales recap:

(24) properties went under contract and (11) have closed. Just this past week eight (8) properties went under contract (see below).

3) In Jan & Feb 2010, there a total of (22) closings in Aspen and Snowmass Village (this includes Woody Creek). How does Jan and Feb. 2010 closings compare to prior years? (This item #3 was posted Tues 3/2/10)

Year # Units Closed % Ch from Prior Yr

2010: (22), +22%
2009: (18), -59%
2008: (44), -37%
2007: (70), +32%
2006: (53), -25%
2005: (71), +119%
2004: (32)

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

(3) Closed: 109531,114005,112719Link expires in 30 days on 3/30/10.

MLS #114004 – 511 W. Main St., Christiana Aspen, Aspen
: Sold Price: $680,000/$800. Sq ft; Ask and Original Price: $699,000. Listing broker remarks: “Charming luxury 1 bedroom/1 bathroom cabin with a completed media room. Completely rebuilt in 2003 and further renovated in 2007, this condo features top of the line finishes, gas fireplace, A/C, and wood floors. Complex amenities include pool & hot tub, walk to downtown Aspen or take a convenient short bus ride to the ski slopes. Excellent short-term rentals. Pets allowed for owners”. Your condo buyer need not share walls in this unique Aspen alternative. HOA Dues: $346 mos.; 2008 Taxes: $1,102.; Days on market: 79. Closed Date: 2/24/10 (Property description and photos courtesy of Morris & Fyrwald Real Estate and Aspen/Glenwood MLS)

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MLS # 112719 – 900 E. Durant #D-111, Old One Hundred Condo, Aspen: Sold Price: $835,000/$775. sq ft; Ask Price: $875,000 (Original Price: $996,225). 2.5 Bdrm/2Ba, 1,077 sq ft two floor condo, w/in easy walking distance to Aspen Mtn Gondola. Listing broker remarks: HOA fees include unit heat, cable tv, high-speed internet and capital reserve. Walk 2-1/2 blocks to the Gondola and/or buses to Snowmass, Aspen Highlands and Buttermilk. Core location makes it ideal for a second home, short term rental or permanent residence. Attractive two-story, two-bedroom unit with extra sleeping area. Sleeps five comfortably. Open floor plan and cozy fireplace create a wonderful space for relaxing with family and friends. HOA Dues $2,858 per qtr; 2008 Taxes: $2,003. , Days on market 191. (Property description and photos courtesy of Mason Morse Real Estate and Aspen/Glenwood MLS)

MLS # 1095131 – 150 Snowmass Club Circle Unit 1621, Country Club Villas, Snowmass Village: Sold Price: $645,000/$ sq ft; Ask Price: $695,000. (Original Price: $995,000) 2 Bdrm/2 bath, 1,078 sq ft, HOA Dues: $2,677 per qtr; 2008 Taxes : $2,674. Days on the market 371.Listing broker remarks, “The best of the two bedroom Country Club Villas. A rare, corner unit (no walkways by the bedrooms), with dead on views of Mt. Daly and the ski area. Remodel is perfect for entertaining with a wet bar and desk area, expansive seating and flat screen TV’s. Includes a membership to the Snowmass Club for owners and rental guests.”. (Property description and photos courtesy of Chafin Light Real Estate Snowmass Village and Aspen/Glenwood MLS)

(8) Under Contract/Pending: 114076,113624,111332,114144,112419,111231,114178,105501Link expires in 30 days on 3/30/10.- (4) Snowmass Village Condos and (1) Aspen Square condo,1Bdrm/1Ba, in downtown Aspen and (3) Aspen single family homes. 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 [email protected] 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 Snowmass Market, By Tim Estin, mba, gri, www.EstinAspen.com

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