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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 Sales Down Through June, But Read the Fine Print, ABJ
Glass half full or half empty? ASPEN REAL ESTATE - “While the environment remains challenging and [the first half of] 2012 have underperformed hopes from the beginning of the year, overall market progress is being made,” wrote Coldwell Banker Mason Morse agent Tim Estin in his State of the Aspen Market report for the first half of 2012. Estin, pointing out that in the last three years the second quarters have been plagued by one or more crises on the national and international levels, calculated that dollar volume in the Aspen to Snowmass Village market was actually off 22 percent in the second quarter compared to the same time period in 2011. Unit sales were up 3 percent. The first half of the year stats sound even worse, according to Estin. Dollar volume was off 25 percent while unit sales were down 7 percent. “The warm weather conditions in many parts of the country, a lack of snow over the winter/spring 2012 in the Aspen area, a sputtering national economy and captive headlines coming out of Europe were factors contributing to the slowdown in Aspen real estate sales,” wrote Estin. By Catherine Lutz, August 2, 2012 ABJ Read More
Monthly Aspen Real Estate Update: Feb ’12 Steep Decline after Jan ’12 rise, ABJ
The “big news,” said Coldwell Banker Mason Morse Aspen broker Tim Estin, “is the dramatic fall off in activity for the month of February compared to the prior month and the prior year.” Estin’s monthly analysis found just 14 real estate sales in the upper valley in February 2012, totaling $30.65 million. That’s compared to 23 sales of $105 million in February 2011, and 23 sales of $80.61 million in January 2012. It was the weakest February in the last four years since the economic downturn began in terms of dollar volume...Despite positive national economic news and building consumer confidence, Estin guessed that there were three main culprits for the February drop-off: lack of snow locally, the specter of a Greek default continuing global uncertainty, and Wall Street bonuses for 2011 being down by 20 to 30 percent. By Catherine Lutz, March 11, 12, ABJ Read More
September Sales Jump Due to Snowmass Base Village Closing, ABJ
Breaking down the statistics illuminates further trends. ASPEN REAL ESTATE — In the upper valley market, from Aspen to Old Snowmass and including Snowmass Village, the number of sales—235—is even with last year through September, according to Tim Estin, a broker with Coldwell Banker Mason Morse who does his own monthly and quarterly reports. Overall dollar volume is down 12 percent, mainly due to 30 percent fewer big-ticket sales this year, which Estin claims accounts for almost the entire dollar volume difference between this year and last. Still, overall third-quarter sales were strong, up 25 percent in dollars ($240.4 million) and 13 percent in unit sales (81) compared to the period of July 1 to Sept. 30 last year, according to Estin. The past few years have started out strong and sputtered to a close, but this year had the strongest third quarter of the past four years, Estin reported. A particularly strong segment is Aspen single-family home sales. Aspen (which for Estin includes Woody Creek and Old Snowmass) accounted for 83 percent of the overall dollar volume in the third quarter, and Aspen single-family home sales accounted for 56 percent of that dollar volume. Aspen homes sales were up 46 percent in dollar volume and 22 percent in number of sales in the third quarter. And the surge appears to have continued in October—Estin recently reported 15 sales of single-family homes in Aspen compared to six in October 2011. Commensurate with this was a 3 percent increase in the median home price ($3.8 million) and a 13 percent increase in the price per square foot ($1,013) in the third quarter. “Both metrics … can be seen as positive signs of home price stabilization,” Estin wrote. By Catherine Lutz, Nov. 7, 12 ABJ Snowmass Base Village Read More
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The Estin Report © – Aspen Real Estate: State of the Market and Trends, 3rd Quarter 2008
By Tim Estin mba, gri | Mason Morse Real Estate, Aspen | 970.920.7387 office Oct 28, 2008 (Updated from the original article, Mountain Business Journal, January 2nd, 2007) Immediate Market Highlights: Our market may have slowed but it has not stopped … we are not immune but we are insulated. Here’s what Aspen property is moving now. The overall theme is “ instant gratification” sells Superb, Aspen in-town locations and drop dead new remodels and new construction Trophy purchases, $$ seemingly no object. Realistic priced properties with motivated sellers who understand marketplace conditions and realities. Great perceived ‘value’ buys. Buyers are absolutely more discriminating than ever. West End single family homes: transactions are off -20% YTD, but off -50% from the peak YTD 2006. However, price/sq ft is higher; new product is selling; people want to be in-town, walk to everything. Aspen downtown core sales have plummeted, down 70% YTD, -76% 3Q08 and -61% below the lowest YTD 2004 Snowmass Village (SMV) single family home activity is on the uptick as sellers mark down prices and inventory begins to move. New Snowmass Base Village sales YTD have been off the chart upwards. Unknown: if developers and builders start to capitulate, how will it affect existing home prices and sales? Read More
Pitkin County Real Estate Market Summary February 2010: released March 31, 2010
released by Land Title Guarantee on 03/31/10 See Land Title’s 2010 February Pitkin County Market Summary for all Pitkin County property transfers including fractionals, mobile homes, etc. and includes Aspen, Snowmass Village, Woody Creek, Old Snowmass, Redstone,and parts of Basalt, El Jebel and Carbondale, Colorado. Read More
Market Activity – (3) Closed and (3) Under Contracts. And on Misleading Pricing Data: Feb. 22 – Mar. 1, 2009
The info in this weekly blog, with the exception of my opinions, is generally available to the public from a number of sources but disseminated here at a single location. It’s my intention to report the significant week’s activity but not everything. Quality and accuracy over quantity and hype. Read More
Monthly Aspen Real Estate Report: Feb Anchors Drop in 1Q 2012 Sales, ABJ
A recent auction at the Fox Crossing subdivision was one of the bright spots in first quarter sales in Pitkin County. The Auction drew 17 bidders, according to Concierge Auctions, the firm that oversaw the sale of one luxury spec home and one building lot. See: The Estin Report article on Fox Crossing Aspen Auction results posted 3/19/12ASPEN REAL ESTATE - After two years of strong gains in the first quarter, real estate sales volume in the upper Roaring Fork Valley (Aspen, Snowmass Village, Woody Creek, and Old Snowmass) was down 28 percent in the first quarter of 2012, according to Tim Estin of Coldwell Banker Mason Morse [in The Estin Report on the State of the Aspen Market] . The number of sales, which has also jumped by double digits in 2010 and 2011, was down 27 percent. “In particular, Q1 2012 has not had the big ticket sales, Aspen and Snowmass home sales over $5 million and $10 million plus that we experienced the same time last year,” Estin wrote. He found only one sale over $10 million in the upper valley in the first three months of 2012, compared to six during the same time frame in 2011. He found seven sales over $5 million in early 2012 compared to 12 in early 2011. By Catherine Lutz, April 11, 2012 ABJLink to articleMLS #124303 - Aspen, Smuggler, Fox Crossing single family lot, Aspen, CO: Asking Price:$2,000,000; Sold at auction for $820,000 plus 10% buyers premium ($902,000). Read More
600 Owl Creek on 61 Acres Closes at $77M/$6,084 SF Furn
Aspen Real Estate Market Last Week's Sales: April 7 - April 14, 24 - Week 15 Read More
Aspen Real Estate Report: Improvements but with Caveats in 2011, ABJ
Coldwell Banker Mason Morse Aspen real estate broker Tim Estin, who publishes a quarterly analysis of upper valley real estate sales, reported in his 2011 year-end Estin Report that the Aspen and Snowmass real estate market was up 15 percent in dollars and 25 percent in unit sales over 2010. (Estin’s analyses also include Woody Creek and Old Snowmass, but exclude fractional sales and all transactions under $250,000.)"..."The prevailing attitude is that 2012 is a significant turnaround year and if you don’t get in now you have missed out on some sort of bottom,” he added. “Even with continued price pressure buyers will have missed out on some really quality properties." By Catherine Lutz, Feb. 6, 2012, ABJ Read More
564 Glen Eagles Dr Sells for $14.75M/$3,776 SF Unfurn
Aspen Real Estate Market Last Week's Sales: Aug 15 - 22, 22 - Week 33 Read More