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Photo courtesy of Aspen’s Dancing Bear Residences Club Yesterday 12/05/16: Dancing Bear Penthouse Condominium Closing – 1 unit with 8 fractional 6-week time periods, unit is 3,009 sf, closed at $16M/$5,318 sq ft (8x $2M each) for unfinished white-box wrap around… Read More

Oct 22 - 29, 2017 Estin Report: Last Week's Aspen Snowmass Real Estate Sales & Stats: Closed (7) + Under Contract / Pending (11)

The Estin Report: Oct 2017 Aspen Real Estate Monthly Snapshot was posted in Current Reports on 11/14. The Snapshots are usually posted on or near the 1st Monday of the month.

Sep 2017 Bottom Line
"We are on a remarkably similar path to 2015, the biggest year since the Great Recession.
• Through Sep 2017 YTD, total Aspen and SMV combined dollar sales have exceeded Sep 2015 YTD by 4.3%, $1.165B vs $1.117B.
• Unit sales are also similar: (327) in 2017 YTD vs (331) in 2015 YTD.
• And luxury sales of properties over $10M are tracking 2015: there have been (21) in 2017 YTD vs (23) in 2015 YTD.
Listing Inventory for..." Read more

Added to Sep 2017 Snapshot Summary (and in the future to all Monthly Snapshots):

Deep Dive: Sales by Location (Pgs 7 & 9 of Snapshot)

- Aspen: Sales by Neighborhoods
 - Snowmass Village: Sales by Neighborhoods

The Estin Report: Mid-Year 2017 State of Aspen Real Estate
was released in the summer 2017 in Current Reports. The 32-Page report is available on-line as PDF and in a print edition in kiosks at the airport, the info booth across from Paradise Bakery town and at Sothebys offices at 415 E Hyman in the Mall and 300 S Spring opposite the Art Museum.

"Flip Job" Examples: See recent Before/After Redevelopment in 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 (07/4/17) as additional re-sale properties come on the market at significantly higher prices.

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Market Activity Week 44, Oct 22 - 29, 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 (7):  MLS#s 151357, 143793, 148027, 148077, 148846, 150411, 146717. This link is valid until 11/29/2017.

Under Contract/Pending (11): MLS#s: 151222, 141809, 144508, 151372, 143239, 147369, 149428, 149918, 150734, 151072, 151302. This link is valid until 11/28/2017.

Aspen Snowmass Solds Last Week: 

MLS #150411 - 0391/0401 Woody Creek Road, Woody Creek, CO. Sold Price: $13,000,000/$1,016 sq ft; furnished. More details below photo.

MLS #150411 - 0391/0401 Woody Creek Road, Woody Creek, CO. Sold Price: $13,000,000/$1,016 sq ft; furnished. Woody Creek single family home for sale. Ask Price: $13,950,000. (Original Price: $13,950,000 and _ days on the market since _.) This is a studio/2 half-bath, 12,785 sq ft single family home with 3 car garage on a 35.14 acres lot. Broker comments are "Sophisticated, timeless, livable, Italian farmhouse on 35 acres. A bucolic ranch featuring a 5-bedroom main home, guest home, horse barn, trout ponds & Woody Creek meandering the length of the property. Bountiful wildlife & endless outdoor adventure! The attention to detail is astounding: antique chestnut floors & intricate stone work add elegance & warmth to this estate home. The turn-of-the-century historic barn, new state-of-the-art barn with multiple stalls & paddocks, riding arena & lush pastures will appeal to the equestrian. Wine connoisseurs will appreciate the beautiful tasting room. The perfect gathering place complete with indoor/outdoor entertaining spaces, private guest wing, two media rooms & a home spa/gym area. This property has it all only 15-minutes from Aspen." 2015 taxes: $26,602. Under Contract Date: 08/28/2017; Sold Date: 10/24/2017. (Photos and broker comments courtesy of Compass)

MLS #148027 - Durant Condos, Central Core, 748 S Galena Street 5-D, Aspen, CO. Sold Price: $3,425,000/$2,048 sq ft; furnished. More details below photos.

MLS #148027 - Durant Condos, Central Core, 748 S Galena Street 5-D, Aspen, CO. Sold Price: $3,425,000/$2,048 sq ft; furnished. Aspen condo for sale. Ask Price: $3,650,000. (Original Price: $3,650,000 and 223 days on the market since 03/10/2017.) This is a 1969 built, 4 bedroom/3 bath, 1,672 sq ft condo. Broker comments are "No carrying skis up and down stairs here. Ski in & out of you backdoor in this elegant four bedroom penthouse level residence on Aspen Mountain. Seller has paid the over $460,000 in assessments for the newly completed exterior remodel which included new snowmelted walkways, new walkways to the residences, retaining walls, exterior facade, new windows, and more. Radiant floor heat, 9 foot ceilings, steam shower, W/D, Jacuzzi tubs, gas range, cooling, and sky lights. New bike storage and signage is currently being completed. An entirely new pool and hot tub are planned for this fall." 2016 taxes: $5,857; HOA Dues: $6,245 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/14/2017; Sold Date: 10/19/2017. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen) Read More

The Nov 2016 YTD Aspen Snowmass Real Estate Market Snapshot will be posted late Tues Dec 6th.The Oct 2016 Snapshot was posted on Mon Nov… Read More

These are the best noteworthy contemporary designed properties on the market today. This is not a complete list and is subject to change. For more information on these or other great properties, and for fantastic deals...email or call Tim at 970.920.7387. Read More

The Estin Report:2nd Quarter and 1st Half 2016State of the Aspen Market with narrative, charts, tables photos was posted inCurrent Reportsas PDF… Read More

The March 2017 Aspen Snowmass Real Estate Monthly Market Snapshot was postedinCurrent ReportsApr 3, 17. The Monthly Snapshots are usually posted on or near the 1st Monday of the month. The Q1 2017… Read More

“Russian Billionaires Buy U.S. Estates as Overseas Wealth Flows to Mansions”, By Oshrat Carmiel, August 3, 2011 Bloomberg April 2008 sale:$36.5MM on Wildcat Ridge in Snowmass Village… Read More

1. Denver Post Today: An article appeared today in The Denver Post, “Big Chill on Mountain Resort Areas’ Home Sales Beginning to Thaw”, .. “While first-quarter sales in all of Pitkin County were down compared with a year ago, ‘they increased in the Upper… Read More

The Estin Report: Aspen Snowmass 2021 ws final* was released on Jan 14, 2021 in Current Reports. It can be read online or downloaded as PDF.  The 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… Read More

The Sept 2016 YTD Aspen Snowmass Real Estate Market Snapshot was posted on Mon Oct 3rd in Current Reports.The Monthly Snapshots… Read More

On 12/24/09, Colorado Public Radio interviewed Aspen real estate broker and blogger Tim Estin about recent trends in one of the wealthiest markets in the country. To listen to interview, click link: “AspenReal Estate Goes Through Peaks and Valleys” .. .This posting is derived from notes… Read More

The Feb 2017 Aspen Snowmass Real Estate Monthly Market Snapshot was postedinCurrent Reportsthis morning, Mar 6th. The Monthly Snapshots are usually posted on or near the 1st Monday of the month. The Q4… Read More