Estin Report blog: May 30 – June 6, 2021 Last Week’s Aspen CO Homes for Sale and Snowmass Real Estate Sales & Stats: Closed (10) + Under Contract / Pending (9).  [To view the new blog post, you may have to “Clear your Browser Settings”.  Go to: Chrome browser/more tools/clear browsing data.] (Photos above of 42705 Hwy 82  St courtesy of Aspen Snowmass Sothebys International Realty).

May 2021 Aspen Snowmass Real Estate Market Report Snapshot – to be posted in Current Reports  by end today, June 7, 21

Bottom Line June 7, 21:

The May 2021 market snapshot was posted in Current Reports. It compares year over year (YOY) sales performance of the past four years as a year ago activity slowed to almost a standstill in the Covid 19 shutdown. Comparing May 2021 to the same period in 2019 and 2018, and not to just a year ago at a baseline of almost zero,  confirms the huge spike upwards since pre-Covid of units sales, sales volume and rising prices. Remarkably, there have been (4) Aspen neighborhoods where the average sale price per sq ft in the past 6 months has been above $2,000:  these are single family homes in East Aspen, Red Mountain, West End and Downtown Aspen condos/townhomes. Perhaps even crazier, of the 5 downtown single family home sales in the past 6 months, the avg sold price per sq ft was almost $3,100 sq ft. (See pg 7). Sales in general continue to be robust and inventory of properties for sale is at its lowest level of the past 10 years in both Aspen and Snowmass Village. If a property isn’t moving in the current environment, there’s either a very property specific issue or its pricing, and a buyer opportunity may present itself.

         

The Estin Report Aspen Snowmass 2021 ws was released Jan 8, 21 in Current Reports. It can be read online or downloaded as PDF.  A 32-Pg print edition is available outside Sotheby’s 415 E Hyman on the Hyman Mall, Sotheby’s 300 S Spring St (my office across from the Aspen Art Museum), at the Aspen Chamber Information Kiosk across from Paradise Bakery and the Pitkin County (ASE) airport.  If you have difficulty downloading the report PDF, please contact me directly and I’d be happy to send it.

Blog Post: May 30 – June 6, 2021 Aspen CO real estate market activity, Week 23

Closed (10): MLS#s: 165134, 167134, 167187, 167638, 167685, 169232, 169318, 169657, 170275, 170293.  This link is valid until 7/6/2021.

Under Contract/Pending (9): MLS#s: 165808, 169701, 169709, 170148, 170180, 170217, 170227, 170267, 170318.  This link is valid until 7/6/2021.

Sold Properties Last Week:

MLS #167685 – Maroon Creek Club, West Aspen, 15 S Willow Court, Aspen, CO; Sold Price: $15,000,000/$1,816 sq ft; furnished. Sold Date: 06/01/2021. More details below photos.

MLS #167685 – Maroon Creek Club, West Aspen, 15 S Willow Court, Aspen, CO; Sold Price: $15,000,000/$1,816 sq ft; furnished. Sold Date: 06/01/2021. Aspen homes for sale. Ask Price: $15,900,000. (Original Price: $15,900,000 and 219 days on the market since 10/25/2020.) This is a 2006 built and 2020 remodeled, 5 bedroom/6 bath/2 half-bath, 8,256 sq ft single family home with 3 car garage on a 16,846 sq ft lot. Broker comments are “Create family memories to last a lifetime in this newly re-modeled, fully-furnished, legacy ski-in/ski-out estate located on a quiet cul-de-sac at the base of Tiehack. 8,256 sq.ft. of luxurious interiors and a smart four-level floorplan features a great room, six oversized en-suite bedrooms, media/game room with bar, hot tub, decks and patios, and private top floor master suite. Unobstructed up and down valley views and back door access to world-class golf, skiing, hiking and biking.” 2020 taxes: $22,362; HOA Dues: $5,151. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/27/2021; Sold Date: 06/01/2021. (Photos courtesy of Douglas Elliman Real Estate-Hyman Ave)

MLS #167187 – Mountain Valley, East Aspen, 42705 Highway 82, Aspen, CO; Sold Price: $13,750,000/$2,948 sq ft; furnished. Sold Date: 06/02/2021. More details below photos.

MLS #167187 – Mountain Valley, East Aspen, 42705 Highway 82, Aspen, CO; Sold Price: $13,750,000/$2,948 sq ft; furnished. Sold Date: 06/02/2021. Aspen homes for sale. Ask Price: $13,750,000. (Original Price: $13,750,000 and 227 days on the market since 10/18/2020.) This is a 2020 built, 4 bedroom/5 bath/1 half-bath/1 bonus room/1 den, 4,663 sq ft single family home with 3 car garage on a 18,643 sq ft lot. Broker comments are “Completed in 2020 this beautiful home is tucked in a garden setting with mature Aspen and Spruce trees, 1 mile east of Aspen at the entrance to the North Star Preserve. The blend of contemporary architecture and rich organic textures creates a chic, unexpected, luxurious interior. Stone and mushroom wood clad the exterior and wrap in to the home’s interior bringing the natural world inside. 12-foot ceilings and floor to ceiling custom architectural steel windows capture the stunning views of Independence Pass. Just under 5000 square feet with 4 BR’s and 5 1/2 baths of handcrafted details. All BR’s are above grade with en-suite baths clad in striking grout washed rustic stone and European marble. 2 BR’s have private garden access. Every room has unique views and is filled with light. Elevator, library, office, butler’s pantry, 3 fireplaces, media room/gym, top of the line appliances including a rare Aga induction oven with a convection cooktop, exotic leathered granite countertops, walnut custom cabinetry, wide oak flooring, leather wrapped stair rails, custom furniture, enormous storage areas and climate-controlled wine cellar, are among the many amenities. An enormous stone terrace and gardens complete the package and a 13.65 Solar Photovoltaic system offsets the homes energy consumption. The home and custom furniture were designed and curated by visionary local designer, Travis Terry.” 2020 taxes: $5,583; HOA Dues: $200. Under Contract Date: 10/29/2020; Sold Date: 06/02/2021. (Photos courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #167134 – Pyramid View, West Aspen, 59 Maroon Drive, Aspen, CO; Sold Price: $8,100,000/$1,698 sq ft; furnished. Sold Date: 06/01/2021. More details below photos.

MLS #167134 – Pyramid View, West Aspen, 59 Maroon Drive, Aspen, CO; Sold Price: $8,100,000/$1,698 sq ft; furnished. Sold Date: 06/01/2021. Aspen homes for sale. Ask Price: $8,850,000. (Original Price: $9,250,000 and 237 days on the market since 10/07/2020.) This is a 2003 built and 2014 remodeled, 5 bedroom/5 bath/2 half-bath/3 bonus room/1 den, 4,769 sq ft single family home with 2 car garage on a 43,560 sq ft lot. Broker comments are “An inviting contemporary home located in the quiet Pyramid Peak subdivision above Maroon Creek. The property has almost an acre of land with mature beautiful landscaping and a generous sized outdoor entertaining area. It is equipped with an extra large built in hot tub, outdoor kitchen and firepit. Relax with family and friends as you enjoy the sounds of the creek and views to Buttermilk Mtn. Beautifully built in 2003 only to be improved in 2014 with a major renovation. This 5 bedroom 5 and two half bathroom home has a great floor plan with no wasted space. Radiant heat floors, snowmelt driveway patio. Two car garage with dog wash. Convenient to golf/tennis skiing fly fishing and short bike ride that is safe for young kids via the bike path.” 2019 taxes: $13,962; HOA Dues: $10. Under Contract Date: 02/16/2021; Sold Date: 06/01/2021. (Photos courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #170275 – Commercial Central Core, Snow Queen Lodge, 124 E Cooper Avenue, Aspen, CO; Sold Price: $7,625,000 sq ft. Sold Date: 06/01/2021. More details below photos.

MLS #170275 – Commercial Central Core, Snow Queen Lodge, 124 E Cooper Avenue, Aspen, CO; Sold Price: $7,625,000 sq ft. Sold Date: 06/01/2021. Aspen commercial for sale. Ask Price: $8,750,000. (Original Price: $8,750,000 and 133 days on the market since 01/19/2021.) This is a 1888 built, 3,088 sq ft commercial. Broker comments are “Extraordinary opportunity to own one of Aspen’s most iconic properties. Built in 1886 during the height of Aspen’s Silver Boom, the Snow Queen Lodge is one of the oldest remaining Victorians in Aspen. Located just one block from Wagner Park and the rich offerings of Downtown Aspen, the Snow Queen is perfectly positioned to take advantage of the coming renaissance in the Lift One corridor. Guest suites of varying sizes and an innkeeper’s apartment, the Snow Queen has a long list of amenities including common kitchen, dining and living room, hot tub, ample guest parking and stunning views of Aspen Mountain.” 2020 taxes: $14,755. Under Contract Date: 03/15/2021; Sold Date: 06/01/2021. (Photos courtesy of Douglas Elliman Real Estate-Hyman Ave)

MLS #170293 – West End, 433 Gillespie Avenue, Aspen, CO; Sold Price: $5,700,000/$2,378 sq ft; furnished. Sold Date: 06/01/2021. More details below photo.

MLS #170293 – West End, 433 Gillespie Avenue, Aspen, CO; Sold Price: $5,700,000/$2,378 sq ft; furnished. Sold Date: 06/01/2021. Aspen homes for sale. Ask Price: $5,700,000. (Original Price: $5,700,000 and sold off-market.) This is a 1964 built, 4 bedroom/4 bath, 2,396 sq ft single family home with 1 car garage on a 5,000 sq ft lot. Broker comments are “North ”West End” single family home across the street from Aspen Music Festival” 2020 taxes: $8,90. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/31/2021; Sold Date: 06/01/2021. (Photos courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #169318 – Alpenblick Townhome Condo, Central Core, 631 S Galena Street #11, Aspen, CO; Sold Price: $2,671,000/$2,367 sq ft; furnished. Sold Date: 06/01/2021. More details below photos.

MLS #169318 – Alpenblick Townhome Condo, Central Core, 631 S Galena Street #11, Aspen, CO; Sold Price: $2,671,000/$2,367 sq ft; furnished. Sold Date: 06/01/2021. Aspen townhomes for sale. Ask Price: $2,679,000. (Original Price: $2,679,000 and 63 days on the market since 03/30/2021.) This is a 1965 built, 3 bedroom/3 bath, 1,128 sq ft townhome. Broker comments are “A rare find in a prime location. Score this 3-bedroom/3-bath townhome in Aspen’s core. This one is only two blocks from the gondola and downtown is a very short stroll away. After a day on the slopes, head to the jacuzzi just outside your door then gather round to warm by the gas log fireplace inside. The lap pool awaits you and yours after summer adventures. With a King Master Suite with a balcony overlooking the pool, a second King Suite upstairs, plus a bedroom and bath on the main level, you can create memories with the whole family and friends. Abundant storage inside plus a ski locker and heated sidewalks outside provide added convenience. Don’t miss this one.” 2020 taxes: $4,149; HOA Dues: $21,231. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/19/2021; Sold Date: 06/01/2021. (Photos courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #167638 – 210 Cooper Condominiums, Central Core, 210 E Cooper Avenue 3G, Aspen, CO; Sold Price: $2,650,000/$2,717 sq ft; unfurnished. Sold Date: 06/02/2021. More details below photos.

MLS #167638 – 210 Cooper Condominiums, Central Core, 210 E Cooper Avenue 3G, Aspen, CO; Sold Price: $2,650,000/$2,717 sq ft; unfurnished. Sold Date: 06/02/2021. Aspen condos for sale. Ask Price: $2,735,000. (Original Price: $2,800,000 and 191 days on the market since 11/23/2020.) This is a 1965 built and 2018 remodeled, 2 bedroom/2 bath, 975 sq ft condo. Broker comments are “Beautiful contemporary, brand new remodel in the core. Located in downtown Aspen next to the Limelight Hotel, only three blocks to the Aspen Mountain Gondola and ski slopes and only steps to world class dining and shopping. This top floor, corner end unit is immersed in comfort and convenience with great views through the fresh new interior with underground parking. Excellent rental history, renting at $17,000 per month for single months and $25,000 for December.” 2019 taxes: $4,939; HOA Dues: $6,936. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/30/2021; Sold Date: 06/02/2021. (Photos courtesy of Slifer Smith & Frampton Real Estate)

MLS #169657 – Hunter Creek Condominiums, Smuggler, 1316 Vine Street, Aspen, CO; Sold Price: $1,225,000/$1,232 sq ft; unfurnished. Sold Date: 06/02/2021. More details below photos.

MLS #169657 – Hunter Creek Condominiums, Smuggler Area, 1316 Vine Street, Aspen, CO; Sold Price: $1,225,000/$1,232 sq ft; unfurnished. Sold Date: 06/02/2021. Aspen condos for sale. Ask Price: $1,200,000. (Original Price: $1,200,000 and 40 days on the market since 04/23/2021.) This is a 1985 built and 2020 remodeled, 3 bedroom/2 bath, 994 sq ft condo. Broker comments are “Beautifully remodeled in 2020, this 3bd ground floor unit is chic yet very inviting. The new black cabinetry and grey stone counters in the kitchen artfully contrast the bright white walls and neutral floor tone to create a cozy luxury feel while the back patio invites in the private green space with views of Smuggler. The minimalist and efficient design allow the unit to feel spacious well beyond its 994sf. Situated directly across from the pool, hot tubs and tennis courts, with mountain views right out the front door and trailheads a stone’s throw away, this is indeed a retreat in the mountains.” 2020 taxes: $2,272; HOA Dues: $9,144. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 05/04/2021; Sold Date: 06/02/2021. (Photos courtesy of Douglas Elliman Real Estate-Hyman Ave)

MLS #165134 – Wood Run, 144 Bridge Lane, Snowmass Village, CO; Sold Price: $8,650,000/$1,671 sq ft; furnished. Sold Date: 06/02/2021. More details below photos.

MLS #165134 – Wood Run, 144 Bridge Lane, Snowmass Village, CO; Sold Price: $8,650,000/$1,671 sq ft; furnished. Sold Date: 06/02/2021. Snowmass Village homes for sale. Ask Price: $8,895,000. (Original Price: $8,995,000 and 330 days on the market since 07/07/2020.) This is a 2020 built, 5 bedroom/5 bath/2 half-bath, 5,175 sq ft single family home with 2 car garage on a 35,404 sq ft lot. Broker comments are “Located directly on the Guggenheim ski run in Snowmass, this newly constructed, mountain contemporary home awaits you with extensive west to east views of the Snowmass Valley. This 5,175 sq. ft. home offers a main floor master with a fireplace, steam shower and private deck, guest-master situated above the two-car garage, and 3 guest suites downstairs. Weather hiking directly from this home in the summer, or skiing in the winter, this home is undoubtedly perfect for all seasons.” 2020 taxes: $11,062; HOA Dues: $90. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 04/08/2021; Sold Date: 06/02/2021. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Spring Street)

MLS #169232 – Crestwood Condominiums, 400 Wood Road 2207, Snowmass Village, CO; Sold Price: $619,000/$614 sq ft; furnished. Sold Date: 06/04/2021. More details below photos.

MLS #169232 – Crestwood Condominiums, 400 Wood Road 2207, Snowmass Village, CO; Sold Price: $619,000/$614 sq ft; furnished. Sold Date: 06/04/2021. Snowmass Village condos for sale. Ask Price: $645,000. (Original Price: $645,000 and 70 days on the market since 03/26/2021.) This is a 1970 built and 2008 remodeled, 2 bedroom/2 bath 1,008 sq ft condo. Broker comments are “Beautifully remodeled, 2 bedroom 2 bath light filled corner condominium. Perfect location next to pool, spa, workout area and reception desk with nice rim trail mountain views. Great wrap around deck overlooking pool. Neither bedroom is on the walkway offering ultimate privacy. Condominium has additional living space in the master bedroom closet area that currently has a trundle sleeper – could be great office space. Great rental property with quality management and services.” 2020 taxes: $1,938; HOA Dues: $21,487. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 04/07/2021; Sold Date: 06/04/2021. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)

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