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This is a “Best” Aspen properties list in noteworthy categories on the market summer 2012. It is not a complete list and there will be properties not mentioned here that should be. As the Aspen Snowmass real estate inventory turns over, the list will change. For more information on these… Read More

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

The Nov 2016 YTD Aspen Snowmass Real Estate Market Snapshot will be posted late Tues Dec 19th. The Oct 2016 Snapshot was posted on Mon Nov 7th in… Read More

This Section highlights very special properties by noteworthy category on the market today summer 2010. It is not a complete list, and there will be properties not mentioned here that should be. Most of my listings are included because I consider them the "Best" in their class as their headline… Read More

Oct 29 – Nov 5, 2017 Estin Report: Last Week’s Aspen Snowmass Real Estate Sales & Stats: Closed (10) + Under Contract / Pending (8) 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… Read More

Aspen – all sales* in MLS Jan – Apr 2013 vs Jan – Apr 2014 (YTD) 2013 2014 2013 2014 Month Units sold % Chg Units sold Dollar Volume %… Read More

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

The Oct 2016 YTD Aspen Snowmass Real Estate Market Snapshot was posted on Mon Nov 7th in Current Reports.The Monthly Snapshots… Read More

“In the upper end of our market — say above $20 million — that … is being driven by billionaires, their passions and impulses. We are into another realm of billionaires pumping up property values, where a common $5-15 million difference in price doesn’t seem to make any difference. Yesterday’s sale is the deal you missed and there are more and more examples of ‘off-market,’ unlisted properties trading at record prices.” said Tim Estin, Broker, Aspen Snowmass Sotheby's International Realty Read More

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.
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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

The info in this weekly blog, with the exception of the 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. For more info… Read More

  Estin Report: Historic Pace of Sales Charts The charts are: the historic pace of dollar and unit sales starting in 2006 (in 10 yr increments) to the present quarter for Aspen and Snowmass Village (SMV) by property types respectively: 1) All property types combined; 2)… Read More