Aspen Real Estate Market Last Week’s Sales: Oct 24- 31, 21 – Week 44 Estin Report: 1st Half 2021 sf – Aspen Snowmass Real Estate Market Report was posted 8/17/21 in the Estin Reports section. The print… Read More
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.
2015 Built McLain Flats Home Sells at $9M/$1,189 sq ft Furnished
Jan. 28 - Feb. 4, 2018 Estin Report: Last Week's Aspen Snowmass Real Estate Sales & Stats: Closed (7) + Under Contract / Pending (14)
The Dec 2017 Market Snapshot was released 01/13/17 in Current Reports. Jan 2018 will be released early this week.
New in Charts in Current Reports
12/23/17: Charts: 2017 Aspen Sales by Neighborhood and Property Type and Downtown Condos Fly High - new charts to be included in my year end 2017 report to be released soon.
11/20/17: Where are we now? Chart Series: 2006 – Q3 2017 Historic Pace of Aspen and Snowmass Village Dollar and Unit Sales (updated every quarter. Q4 2017 update to be updated soon).
Clients often ask, “Where are we now compared to the Great Recession…?” My interest in creating this series of charts is to answer that question for myself and to offer a visual reference for that conversation – to compare Aspen and Snowmass Village sales activity now to pre-recession mid-2000’s levels...Read more
Bottom Line Dec 2017
"Dec 2017 ended on a weak note compared to what was to an outstanding year. A disappointment in fact. But maybe this was the reprieve we needed after an exceptionally strong three months in August, Sep and Oct ’17.
For the year, dollar sales at $1.512B were almost dead-even with $1.513B in Year 2015; unit sales were also near even with 2015 with (433) in 2017 versus (442) in 2015. Years 2017 and 2015 were remarkably similar to one another and the best performing years of the past ten, 2008-2017, while 2017 had the lowest inventory of properties for sale of that ten year period: (762) listings inventory 2017 vs (858) in 2015, -11%.
Standout categories for the month of December are:
1) Sales of properties over $10M and over at near record of 2015.
For the year 2017, dollar sales of properties $10M and above are up 181% to $442M from $157M in 2016; Unit sales are up 142% to (29) versus (12) last year.
In 2017, $10M and over property sales accounted for $442M, or 29%, of the $1.512B total market dollar sales and (29), or 7%, of the (433) total unit sales.
In 2015, sales of properties $10M and over were $454M, or 30%, of the $1.513B total market dollar sales and (30), or 7%, of the (441) total unit sales.
2) Aspen condos: Sales are up 29% YTD while inventory of available listings is down -18%. High demand and falling inventory is creating price pressure: In the 3-mos sales period from Oct-Dec 17, the avg Aspen Core condo/townhome sold at $1,514 sq ft over $1,252 in the same period Dec 2017, +21%.
3) Where are the Aspen Discounts? Checkout areas a bit farther out of town but more than compensating for the 'relative' distance are the staggering views and high mountain scenery. This is 'Rocky Mountain High' living at its best at sub-prime pricing! Giddy-up folks!! For example, Starwood had (2) sales in the three months of Oct-Dec 17 at an avg $624 sq ft vs $616 sq ft same period a year ago, +1%. The caveat: these sales were for older homes selling essentially at lot value, but for reference, compare this to the avg. (3) downtown SF home sales +31%, $2,227 sq ft in Oct-Dec 2017 vs $1,704 sq ft in the same period last year. Another example is Woody Creek where home prices over $1.5M are still relatively discounted at $1,310 sq ft in Oct-Dec 2017 versus $963 sq ft same time last year. +36%. See Best Deals for Starwood/McLain Flats and Woody Creek properties.
4) Snowmass Village values: SMV is entering its prime winter selling season Dec – April, and unit sales activity has been picking up similar to 2015. The revived Snowmass Base Village under new ownership is completing some major construction projects and the base area if starting to look and feel more finished than the construction site its been for the past 10 years. There is a lot of excitement and positive energy while at the same time, SMV opportunities continue…in general, prices – at 40-60% discount-to-Aspen – are similar, if not down incrementally, from last year... Read More
2006 Built Old Snowmass CO Home Sells for $2.8M/$547 SF Unfurnished
Aspen Real Estate Market Last Week’s Sales: June 30 – Jul 7, 19 – Week 27 Closed (4) + Under Contract / Pending (7). The June & YTD 2019 Aspen Snowmass Village Real Estate Market Report Snapshot was posted… Read More
Best Aspen Condominiums
This is a “Best” Aspen condominiums list in noteworthy categories on the market today. It is not a complete list and is subject to change. For more information on these or other great properties…email or call Tim at 970.309-6163. Read More
The Estin Report Aspen Snowmass Real Estate Weekly Sales & Statistics: Closed (11) and Under Contract/Pending (17): Feb 27 – Mar 6, 11
Tim Estin is an active Aspen real estate broker with Mason Morse located in the center of Aspen opposite Little Annie’s Restaurant. This blog, www.AspenRealEstateBlog.com or Tim Estin’s blog, is released Monday mornings and sometimes in-between. Read More
Aspen Townhome at 710 E Hyman Closes at $6.75M/$2,612 SF Furn
Aspen Real Estate Market Last Week’s Sales: Feb 14 – 21, 21 – Week 8 Closed (6) + Under Contract / Pending (32). [To view the new blog post, you may have to “Clear your Browser Settings”. Go to: Chrome browser/more tools/clear browsing data.] … Read More
The Estin Report Aspen Snowmass Weekly Real Estate Sales and Statistics: Closed (6) and Under Contract / Pending (11): Aug 19 – 26, 2012
Scroll down page for photos and details of sold and under contract (pending) Aspen properties in the past 4 weeks. For earlier dates, use the down arrow to the blog archives and search by date. Or use SearchEstinAspen… Read More
Old Snowmass, CO Ranch on 23 Acres Sells for $11.5M/$2,298 Sq Ft Furnished
Apr 8 – 15, 2018 Estin Report: Last Week’s Aspen CO Homes for Sale and Snowmass Real Estate Sales & Stats: Closed (12) + Under Contract / Pending (1) March 2018 Aspen Real Estate Market Reports –… Read More
Maroon Creek -Tiehack Ski-in/Out Townhome Closes at $4.5M/$971 Sq Ft Furnished
Apr 29 – May 6, 2018 Estin Report: Last Week’s Aspen CO Homes for Sale and Snowmass Real Estate Sales & Stats: Closed (8) + Under Contract / Pending (4) March 2018 Aspen Real Estate Market Reports… Read More
Historic West End Aspen – Small 3-Bdrm Home at 131 W Bleeker St Closes at $5.85M/$2,688 SF Furn
Aspen Real Estate Market Last Week’s Sales: Jun 14 – 21, 2020 – Week 25 Closed (7) + Under Contract / Pending (19). [To view the new blog post, you may have to “Clear your Browser Settings”. Go to: Chrome browser/more tools/clear browsing data.] 06/22/20 Bottom Line:… Read More
The Estin Report Aspen Snowmass Real Estate Weekly Market Update: (3) Closed and (1) Under Contract and State of Aspen Real Estate Memorial Day 2010: May 23 – 30, 10
updated 6/07/10 9AM Memorial Day 2010: State of Aspen Real Estate I don’t pretend to be smart enough to know where the economy is going nor do I have the ability to really see the trends except when they’ve already occurred. While it’s likely I would be… Read More
1986 Built Snowmass Ski Home Sells for $7.5M/$1,470 SF Furn
Aspen Real Estate Market Last Week’s Sales: June 12 – 19 , 22 – Week 24 Closed (5) & Pending (4) The May 2022 Aspen Market Snapshot was posted on 6/03/22 in the Estin Reports section. Q1 2022… Read More