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.

Base of Aspen Mtn Townhome 1994 Built/2005 Remodel Closes at $5.625M/$1,913 Sq Ft

August 20-27, 2017 Estin Report: Last Week's Aspen Snowmass Real Estate Sales & Stats: Closed (5) + Under Contract / Pending (11)

I am hoping to launch a redesigned site in late August.
The Estin Report: July 2017 Aspen Real Estate Monthly Snapshot was posted in Current Reports. The Snapshots are usually posted on or near the 1st Monday of the month. 
Excerpt from July 2017 Snapshot:
"The Aspen market continues to be in hyper-sales territory. Activity is and feels super-charged. Add to that, early August is the time when buyers get real estate focused with summer's ending in sight. This is the busiest time of year. We should see a steady stream of offers and under contracts now through the end of September. The Aspen market is bifurcated: there's inside the roundabout and there's outside. Aspen’s most coveted neighborhoods..." 
Estin Report: Mid-Year 2017 State of Aspen Real Estate was released in June 2017 in Current Reports. The 32-Page report is available on-line as PDF and is available in  print 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 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 35, August 20 - 27, 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 (5):  MLS#s149071, 143663, 150573, 146620, 149234. This link is valid until 9/26/2017.

Under Contract/Pending (11): MLS#s 142752, 142450, 144832, 146486, 146955, 148015, 148036, 148471, 149766, 150149, 150625. This link is valid until 9/26/2017.

Aspen Snowmass Solds Last Week:  
MLS #149071 - Summit Place, Central Core, 342 Summit Street, Aspen, CO. Sold Price: $5,625,000/$1,913 sq ft; furnished. More details below photos.
        
MLS #149071 - Summit Place, Central Core, 342 Summit Street, Aspen, CO. Sold Price: $5,625,000/$1,913 sq ft; furnished. Aspen single family home for sale. Ask Price: $5,990,000. (Original Price: $5,990,000 and 437 days on the market since 12/09/2015.) This is a 1994 built and 2005 remodeled, 3 bedroom/2 bath/1 half-bath/1 3/4-bath, 3,002 sq ft townhome with 2 car garage. Broker comments are "Set at the base of Ajax, this 3 bedroom townhome captivates with stunning views of Aspen Mountain to the South and Red Mountain to the North. A prime location near skiing and the center of town with a flowing floorplan lets in abundant natural light through vaulted ceilings and expansive windows. A tasteful mix of stone and wood combine to create a warm contemporary ambiance. Three bedrooms, all on their own level include two generously sized master suites that offer both intimacy and privacy with their own fireplaces, walk-in closets and full bathrooms. An additional office space is also a quiet sanctuary. For a true wow moment, take the elevator up to the top level, where you will enjoy a sophisticated entertaining space with a fireplace and an outdoor terrace with incredible views." 2016 taxes: $13,166; HOA Dues: $3,850 per Yr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/05/2017; Sold Date: 08/16/2017. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen) Read More

Sep 2022 Aspen Snowmass Real Estate Bottom Line

Bottom Line : Unit sales across the board—in Aspen & Snowmass Village—continue to be significantly lower than 2021 and 2020. They are closest to pre-pandemic years, 2019 and 2018, considered by many “more normal, healthy market periods”. Prices, in general, remain strong, with some incremental softening by neighborhood and price point (see pgs 3,7,9), as inventory of available properties for sale remains at record lows. Demand continues to exceed supply. Reasons for the slowdown ...See full 10 pg report at Aspen Snowmass Real Estate Market Reports Read More

June 4 – 11, 2017 Estin Report: Last Week’s Aspen Snowmass Real Estate Sales & Stats: Closed (11) + Under Contract / Pending (18)

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 addede under the 1st of last week's sold properties displayed below. This will improve site performance.
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Market Activity Week 24, June 4 - 11, 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 (11):  MLS#s 142982, 133641, 137984, 139156, 143702, 147674, 147748, 147794, 148392, 149372, 149374. This link is valid until 7/11/2017.

Under Contract/Pending (18): MLS#s 140598, 144288, 144449, 146800, 146808, 146958, 147064, 147917, 147919, 147936, 148370, 148618, 148763, 148772, 148773, 148859, 149130, 149181. This link is valid until 7/11/2017.

Aspen Snowmass Solds Last Week:  

MLS #142982 - Central Core, 910 E Cooper Avenue, Aspen, CO. Sold Price: $4,350,000/$1,548 sq ft; furnished. More details below photos.
     
MLS #142982 - Central Core Half Duplex, 910 E Cooper Avenue, Aspen, CO. Sold Price: $4,350,000/$1,548 sq ft; furnished. Aspen duplex/half-duplex for sale. Ask Price: $4,650,000. (Original Price: $5,000,000 and 451 days on the market since 03/08/2016.) This is a 1997 built, 3 bedroom/3 bath/1 half-bath, 2,810 sq ft duplex/half-duplex with 2 car garage. Broker comments are "Leave the cars in the garage as this light and bright half duplex lies within walking distance to everything Aspen has to offer. Features include upper floor living with vaulted ceilings, alder cabinets, central AC, wet bar, granite counters, 2-car garage, caretaker unit, multiple decks and a low maintenance exterior." 2015 taxes: $9,823. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/04/2017; Sold Date: 06/02/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby's International Realty-Hyman Mall) Read More

Falling Aspen Real Estate Inventory Creates Seller’s Market, AT

"Tim Estin, a realtor with Aspen Snowmass Sotheby's Real Estate, said this year could be on the same path as 2016, which wasn't terrible but looked considerably off compared with the year prior. Sales volume in Pitkin County last year totaled $1.9 billion, 2016 accounted for $1.37 billion and 2015 reached $2 billion. The reason, Estin theorized... Read More

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