Tim Estin is an active Aspen real estate broker with Mason Morse located in the center of Aspen. This blog, www.AspenRealEstateBlog.com or Tim Estin’s blog, is released Monday mornings and sometimes in-between. The Estin Reports are released quarterly, annually and also special reports. For blog archives, scroll to bottom of this page and search by date or topic. Or search this site in SearchEstinAspen.com on the menu bar. If it’s about Aspen real estate, chances are there’s something about it here. Follow @EstinAspen on twitter for Aspen Snowmass real estate news, market updates, statistics, commentary and reports or subscribe to RSS feeds with the button on the left.

Link to The Estin Report: 1st Half 2011 State of the Aspen Market (released 07/14/11)

See“Mega-mansion Deals Spur Rebound in Aspen Market” , 07/17/11 Sunday Business, Grand Junction Sentinel

Last Week’s Market Highlights – Aspen Snowmass Real Estate Sales and Under Contract Activity: Last week’s real estate sold and under contract activity appears below for the upper Roaring Fork Valley for all property types over $250,000 in Aspen, Snowmass Village, Woody Creek and Old Snowmass excluding fractionals. Because the MLS links below expire after 30 days, photos and written descriptions of the closed properties are posted here to preserve an archive of sold market activity. For past sales, scroll to page bottom and search by time period.

Under Contract / Pending (12): MLS # 116226, 108084, 113416, 121737, 121363, 113092, 119629, 109771, 106220, 118341, 117401, 104791. This link is valid for 30 days until 8/16/2011. Photos and descriptions of under contracts /pending are not posted unless special circumstances dictate.

Closed (5): MLS# 120019, 119220, 120212, 118343, 118121 This link is valid for 30 days until 8/16/11.

Select Sold Aspen & Snowmass Properties Last Week (2)
SOLD: MLS # 120019 – West End single family home, 926 W Francis Street Aspen, CO: Sold Price: $ 4,000,000/$817 sq ft:

MLS # 120019 – West End single family home, 926 W Francis Street Aspen, CO: Sold Price: $ 4,000,000/$817 sq ft: Ask Price: $4,523,000/$924 sq ft. (Original price: $5,600,000 On the market 486 days since 11/27/09.This is a 1999 built/2005 remodeled 4 bedrooms/4 bath/2 half bath, 4,893 sq ft home on .14 acres sold furnished with 2-car garage. The adjacent house, MLS# 111409 – same developer, vintage, size and design – closed in late May at $3.9M/$781 sq ft. The broker’s description is, “Located in the quiet West End of Aspen, this mountain-style home features 4 bedrooms, 4 full baths, 2 half baths, 4893 square feet, exquisite craftsmanship, top of the line finishes, separate caretaker quarters, 3 gas fireplaces, lots of natural light, two car garage, beautifully landscaped yard, and views toward Aspen Highlands & Shadow Mountain. Just a short walk to the Music Tent, Aspen Institute, and Aspen Meadows.” 2010 Taxes: $10,974 Yr. Under Contract Date: 6/13/11; Sold Date: 07/13/11. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. (Photos and description courtesy of Morris & Fyrwald, Sotheby’s Intl Realty.)

SOLD MLS #118121 – Top of Village ski-in/out condo, 855 Carriage Way Summit 105 Snowmass Village, CO: Sold Price: $810,000/$750 sq ft

MLS #118121 – 855 Carriage Way Summit 105 Snowmass Village, CO: Sold Price: $810,000/$750 sq ft; Ask Price: $995,000/$921 sq ft. (Original Price: $1,400,000 and 316 days on the market since 09/08/10.) This is a Top of the Village condo – regarded as one of Snowmass’ best ski access complexes and excellent rental income. It is a 1974 built/2007 remodeled 2 bedroom/2bath, 1080 sq ft condo with 1-car assigned parking sold furnished. The broker’s comments are, “Newly Remodeled Ski In/Ski Out Condominium, offered fully furnished and turn key.” 2009 Taxes: $3,160 Yr; HOA Dues: $11,750 Yr. Under Contract Date: 06/28/11; Sold Date: 07/12/11. Town of Snowmass Transfer Tax of 1% payable by buyer. (Photos and description courtesy of Alpine Real Estate, Inc.)

Tim Estin welcomes your business, inquiries and comments. Email him or call 970.920.7387. Subscribe to The Estin Report and Tim Estin’s Aspen Real Estate Blog.com on twitter @EstinAspen by clicking “Join the conversation” button below or click subscribe button in the menu bar on left:

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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 by email. The Estin Report is copyrighted 2011 and all rights reserved. Use is permitted subject to the following attribution: “The Estin Report: State of the Aspen Market, By Aspen broker Tim Estin, mba, gri, www.EstinAspen.com”