This was a busy active week before the President’s Week Holiday begins. All hopes are that we are poised for an even bigger surge this vacation week – falling at the same time as Mardis Gras and Brazil’s Carnivale – and then, onward through the remainder of the ski season.

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 solds histories.

Here is this past week’s Aspen and Snowmass Village real estate activity for all property types over $250,000 but excluding fractionals. Of note, however, there were (4) Residences at Little Nell (RLN) closings this past week for 3 and 4 bdrm units at sold prices of $1.215M – $1.55M. For more specific RLN info, please contact me directly, 920-7387.

Closed (2): MLS #’s 112590,113253 Link is valid until 3/16/2010 – Expires 30 days from this posting.

MLS # 112590 – 29 Trails End Ln 36, Wood Run V Townhomes, Snowmass Village, CO: Ask Price: $3,795,000; Sold Price: $2,875,500/$900 sq. ft. (Sold at -24% from Original Price $3,750,000 and 189 days on the market). This is a 4 bdrm/4.5 baths, 1981 built townhome with direct ski in/ski out access to Fanny Hill next to the new Snowmass Base Village. The exterior of the complex was remodeled in 2006. According to the listing agent, this unit has “great rental history and is a wonderful family retreat”. HOA annual dues are $20, 850. and 2008 Taxes were $8,168. (Property description and photos courtesy of Chafin Light RE Snowmass and Aspen/Glenwood MLS)

MLS # 113253 – 729 Cemetery Ln, Aspen, CO: Original Ask Price: $3,295,000; Sold Price: $3,200,000/$1,042 sq. ft. This is a 1/2 Duplex called “Ironwoods”, 4 bdrm/4.5 bath, built 1990/remodeled 2002, with 2-car garage, on one-half acre lot bordering the Aspen Public Golf Course with a small seasonal irrigation stream running through the property. On the town bus shuttle route. Sold fully furnished, turn-key. 135 days on the market.2008 taxes were $6,462. (Property description and photos courtesy of Fleisher Land & Homes Basalt and Aspen/Glenwood MLS)


Under Contracts/Pending (7): MLS #’s 98087,111876,114728,104309,111876, 113955, 103350 Link is valid until 3/16/2010 – Expires 30 days after this posting. Photos and descriptions of Under Contract/Pending properties are typically 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 Market, By Tim Estin, mba, gri, www.EstinAspen.com

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