As of May, real estate was lagging in 2012 due to lack of big ticket, $10M plus, property sales Many real estate agents say the large volume of high-end sales in the first half of 2011 is one of the main reasons for the discrepancy. In the greater Aspen/Snowmass area, a total of four single-family homes sold for more than $10 million from January through May 2012, compared to 12 during the same time period in 2011, according to Coldwell Banker Mason Morse broker Tim Estin. And in both cases, most of the homes sold were built after 2005, Estin wrote in his monthly report. “Proof of new-built developer inventory being depleted,” he wrote. “New, at the new normal, sells.” According to Estin’s statistics, year-to-date dollar volume is down even further in the greater Aspen/Snowmass area (which includes Woody Creek and Old Snowmass)—25 percent—than in Pitkin County as a whole. Drilling down even further, things are best in Snowmass Village, which is less down, at 13 percent, in dollar volume than the other communities. In 2011, real estate sales were all over the map, although in general the numbers surged in the first half of the year and then gradually tapered off during the last six months. By Catherine Lutz, July 5, 2012 ABJ Read More
Use this site as an Aspen real estate resource. The Estin Report has been accumulating Aspen real estate information online since 2005, and the reports include historical market information dating back to 2003-2004. Search by MLS #, date, topic, address, condo complex, development name, etc. If it is Aspen Snowmass real estate related, it is likely to be here.
Aspen Real Estate in First Half of 2012 Bounces Along Rough Spots, AT
Given the level of uncertainty, Tim Estin, [an Aspen broker with Coldwell Banker Mason Morse], said he is pleased by the number of transactions this year, even though the dollar volume is down. Estin writes a quarterly market analysis called The Estin Report and he takes a snapshot look each month. For his report, he examines sales data for Aspen, Snowmass Village, Old Snowmass and Woody Creek. He doesn't look at fractional-ownership sales because mass closings at any given time can skew data, he said. In the geographic area where he is looking, the number of transactions during the first half of 2012 was “so close” to the same period of 2011. That is significant, he said, because that shows buyers are out there. By Scott Condon, July, 3 2012 AT Read More
Aspen Land Sales Signaling Market’s Return, Summit Daily
Special to the Summit Daily, Breckinridge and Frisco, CO In a recent article, Aspen real estate broker Tim Estin stated “When vacant land sales start to turn, it is typically a marker for a bottom and indicative of a significant market change.” According… Read More
The Estin Report Aspen Snowmass Weekly Real Estate Sales & Statistics: June 2012 Market Snapshot and Last Week’s Closed (8) and Under Contract (7): June 24 – July 01, 2012
Scroll down page past June 2012 Monthly Snapshot for last week’s market activity Tim Estin is an active Aspen real estate broker with Coldwell Banker Mason Morse located in the center of Aspen. This blog, Tim Estin’s… Read More
The Estin Report Aspen Snowmass Weekly Real Estate Sales & Stats: Closed (12) and Under Contract (5): June 17 – 24, 2012
Scroll down page past May Monthly Snapshot for last week’s market activity Tim Estin is an active Aspen real estate broker with Coldwell Banker Mason Morse located in the center of Aspen. This blog, www.AspenRealEstateBlog.com or Tim Estin’s blog, is released Monday mornings… Read More
The Estin Report Aspen Snowmass Weekly Real Estate Sales and Statistics: Closed (5) and Under Contract (5): June 10 -17, 2012
Scroll down page past May Monthly Snapshot for last week’s market activity Tim Estin is an active Aspen real estate broker with Coldwell Banker Mason Morse located in the center of Aspen. This blog, www.AspenRealEstateBlog.com or Tim Estin’s blog, is released Monday mornings and sometimes… Read More
The Estin Report Aspen Snowmass Weekly Real Estate Sales and Statistics: Land Sales Surging Up 100% over 2011 total Year: (4) Lots Closed Last Week: Closed (6) and Under Contract (5): June 03 – 10, 2012
Scroll down page past May Monthly Snapshot for last week’s market activity Tim Estin is an active Aspen real estate broker with Coldwell Banker Mason Morse located in the center of Aspen. This blog, www.AspenRealEstateBlog.com or Tim Estin’s blog, is released Monday mornings and sometimes… Read More
Paulson Buys Saudi Prince’s Ranch in $49M Deal, BB
The dollar volume of Aspen home sales declined 27 percent this year through May from the same period in 2011, to $277 million, according to Estin, publisher of the Estin Report, a monthly analysis of the Aspen home market. He wasn’t involved in the Paulson… Read More
The Estin Report Aspen Snowmass May 2012 Market Snapshot & Weekly Real Estate Sales and Statistics: Closed (3) and Under Contract / Pending (6): May 27 – June 03, 2012
Scroll down page past May Monthly Snapshot for last week’s market activity Tim Estin is an active Aspen real estate broker with Coldwell Banker Mason Morse located in the center of Aspen. This blog, www.AspenRealEstateBlog.com or Tim Estin’s blog, is released Monday mornings and sometimes… Read More
The Estin Report Aspen Snowmass Weekly Real Estate Sales and Statistics: Closed (6) and Under Contract (5): May 20 – 27, 2012
Scroll down page for last week’s market activity Tim Estin is an active Aspen real estate broker with Coldwell Banker 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… Read More