Tim Estin MBA, GRI

Aspen CO Real Estate Broker
Call Tim:(970) 309-6163

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.

West End Property Sold for $15M

June 11 - 18, 2017 Estin Report: Last Week's Aspen Snowmass Real Estate Sales & Stats: Closed (8) + Under Contract / Pending (8)

This site is in the process of a re-design and I'm getting very excited anticipating the launch early next month. It's about time! Any comments and suggestions for new and/or different content, site organization and other improvements that you'd like to see would be most appreciated. Get in touch from from the contact page.  Many thanks, Tim

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The Estin Report: May 2017 Aspen Real Estate Monthly Snapshot was posted in Current Reports on Mon. June 5th. The Snapshots are usually posted on or near the 1st Monday of the month.
Excerpt:
"There is a night and day difference between May 2017 and the same time last year. The market appears to be firing on all cylinders heading into the summer selling season. A statistic that says it all: there were (15) Aspen single family home sales in May 2017 versus (2) in May 2016, +650% (Pg 6)...One very significant investor group that currently has about 15-18 projects under redevelopment and for sale has bumped up select property prices 5% in the past two weeks in anticipation of a formidable summer."
Estin Report: Q1 2017 & 2016 Year: State of Aspen Real Estate was released on 5/27/17 in Current Reports. The 32-Page report is available on-line as PDF and will be available in a print edition distributed in kiosks around town and at the airport on June 15th.

"Flip Job" Examples: See recent Before/After Redevelopmentin the Flip Jobs Section near the bottom of the Menu Bar on the left. These are properties that have been recently or are currently in the process of redevelopment for re-sale. This post is updated (06/14/17) as additional re-sale properties come on the market at significantly higher prices.

 A "Read more" link has been recently added under the 1st of last week's sold properties displayed below. This will improve site performance.
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Market Activity Week 25, June 11 - 18, 2017

Aspen Snowmass real estate weekly sales and under contract activity appears below for all Aspen, Snowmass Village, Brush Cr Village, Woody Creek and Old Snowmass properties over $250,000 excluding fractionals in the upper Roaring Fork Valley. As the MLS links below expire after 30 days, photos and written descriptions of select closed properties (those with excellent photography) are posted here to preserve an archive of sold market activity.  Scroll down the page for home photos and details of weekly sales and under contract / pending Aspen properties in the past 4 weeks. For earlier dates, use the down arrow to quickly find blog archives by year and date to 2008. Or use SearchEstinAspen in the menu bar to search by topic, address, subdivision, complex, date, etc.  If it's about Aspen real estate, the information should be here.

Closed (8):  MLS#s 142152, 140151, 144590, 145717, 146743, 147155, 147905, 148086. This link is valid until 7/18/2017.

Under Contract/Pending (8): MLS#s 133316, 141555, 141479, 147687, 147721, 149233, 149366, 149411. This link is valid until 7/18/2017.

Aspen Snowmass Solds Last Week:  

MLS #140151 - West End, 614 N Fourth Street, Aspen, CO. Sold Price: $15,320,021/$2,399 sq ft; unfurnished. More details below photos.
      

MLS #140151 - West End, 614 N Fourth Street, Aspen, CO. Sold Price: $15,320,021/$2,399 sq ft; unfurnished. Aspen single family home for sale. Ask Price: $14,995,000. (Original Price: $14,995,000 and 693 days on the market since 07/20/2015.) This is a 2017 built, 7 bedroom/7 bath/2 half-bath, 6,385 sq ft single family home with 2 car garage on an oversized 8,392 sq ft corner lot. Broker comments are "Stage Fine Homes proudly presents The Pearl Residence; This spectacular brand new contemporary home on an oversized prime West End lot is designed by an amazing collaboration between Aspen's S2 Architects & Bennett Design-Build. Steps from the Music Tent, and an easy stroll to the Core, The Pearl Residence offers contemporary forms and classic, organic materials with generous indoor-outdoor living spaces and great views of Ajax and Shadow. Materials include chiseled limestone, weathered wood, exposed steel, and integrated landscapes. 7 Bedroom suites (4 above-grade) offer plenty of room for your family and guests to enjoy Aspen together. Large lot offers room to entertain, rooftop deck delights with views. New address = 439 Pearl. Construction underway, completion anticipated spring '17." 2015 taxes: $8,543. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/19/2016; Sold Date: 06/12/2017. (Photos and broker comments courtesy of Aspen International Properties)

  Read More

1412 Crystal Lake Rd within Aspen Club Area Sells for $24.5M/$4,116 SF Furn

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Photos are of 983 Moore Dr (See below for description). Photos of highlighted property sale have been removed. 
Aspen Real Estate Market  Last Week's Sales: July 28 - Aug 4, 24 - Week 31 Read More

May 28 – June 4, 2017 Estin Report: Last Week’s Aspen Snowmass Real Estate Sales & Stats: Closed (8) + Under Contract / Pending (6)

The Estin Report: May 2017 Aspen Real Estate Monthly Snapshot was posted in Current Reports on Mon. June 5th. The Snapshots are usually posted on or near the 1st Monday of the month.

Excerpt:
"There is a night and day difference between May 2017 and same time last year. The market appears to be firing on all cylinders heading into the summer selling season. A statistic that says it all: there were (15) Aspen single family home sales in May 2017 versus (2) in May 2016, +650% (Pg 6)...One very significant investor group that currently has about 15-18 projects under redevelopment and for sale has bumped up select property prices 5% in the past two weeks in anticipation of a formidable summer."
Estin Report: Q1 2017 & 2016 Year: State of Aspen Real Estate was released on 5/27/17 in Current Reports. The 30-Page report is available on-line as PDF and will be available in a print edition distributed in kiosks around town and at the airport in about two weeks.

"Flip Job" Examples: See recent Before/After Redevelopmentin the Flip Jobs Section near the bottom of the Menu Bar on the left. These are properties that have been recently or are currently in the process of redevelopment for re-sale. This post is updated (05/17/17) as additional re-sale properties come on the market at significantly higher prices.

 A "Read more" link has been recently addede under the 1st of last week's sold properties displayed below. This will improve site performance.
__________________________
Market Activity Week 22, May 28 - June 4, 2017

Aspen Snowmass real estate weekly sales and under contract activity appears below for all Aspen, Snowmass Village, Brush Cr Village, Woody Creek and Old Snowmass properties over $250,000 excluding fractionals in the upper Roaring Fork Valley. As the MLS links below expire after 30 days, photos and written descriptions of select closed properties (those with excellent photography) are posted here to preserve an archive of sold market activity.  Scroll down the page for home photos and details of weekly sales and under contract / pending Aspen properties in the past 4 weeks. For earlier dates, use the down arrow to quickly find blog archives by year and date to 2008. Or use SearchEstinAspen in the menu bar to search by topic, address, subdivision, complex, date, etc.  If it's about Aspen real estate, the information should be here.

Closed (8):  MLS#s  149320,142745, 143225, 143241, 144227, 146899, 148088, 148592. This link is valid until 7/4/2017.

Under Contract/Pending (6): MLS#s 141194, 144289, 144611, 146917, 148329,148440. This link is valid until 7/4/2017.

Aspen Snowmass Solds Last Week:  

MLS #149320 - Ridge of Red Mountain, 346 Draw Drive, Aspen, CO. Sold Price: $10,675,000/$1,505 sq ft; unfurnished. More details below photos.

MLS #149320 - Ridge of Red Mountain, 346 Draw Drive, Aspen, CO. Sold Price: $10,675,000/$1,505 sq ft; unfurnished. Aspen single family residence for sale. Ask Price: $10,675,000. (Original Price: $10,675,000 and 47 days on the market since 04/16/2017.) This is a 1997 built, 4 bedroom/4 bath/2 half-bath, 7,092 sq ft single family residence with 3 car garage on a 1.4 acres lot. Broker comments are "Sold before MLS." 2016 taxes: $10,784. Under Contract Date: 04/16/2017; Sold Date: 06/02/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby's International Realty-Hyman Mall)

MLS #148592 - Pitkin Row Townhomes, Central Core, 708 E Hopkins Street, Aspen, CO. Sold Price: $6,100,000/$2,089 sq ft; furnished. More details below photos.
      
MLS #148592 - Pitkin Row Townhomes, Central Core, 708 E Hopkins Street, Aspen, CO. Sold Price: $6,100,000/$2,089 sq ft; furnished. Aspen townhouse for sale. Ask Price: $6,495,000. (Original Price: $6,495,000 and 79 days on the market since 03/15/2017.) This is a 1989 built, 3 bedroom/3 bath/1 half-bath, 2,919 sq ft townhouse with 2 car garage. It is center of downtown located and ripe for a make-over. A prime target as a fixer-upper at almost $2100 sq ft. Broker comments are "This gorgeous townhome is ideally located in the heart of Aspen; walking distance to all of the downtown restaurants, shops and activities Aspen has to offer! Enjoy spectacular Aspen Mountain views from the spacious top floor open living area extending to the private balcony and rooftop deck with hot tub. This property is elegantly decorated with contemporary mountain décor. Light and bright gourmet kitchen featuring Bosch appliances, a dumbwaiter for convenience, and beautiful views of Red Mountain. The extensive master suite enjoys direct views of Aspen Mountain, a gas fireplace, wet bar and private bathroom with soaking tub & steam shower. The two additional guest suites are incredibly spacious and feature gracefully appointed en suite bathrooms." 2016 taxes: $10,745; HOA Dues: $6,110 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/19/2017; Sold Date: 06/02/2017. (Photos and broker comments courtesy of Whitman Fine Properties) Read More

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