Aspen Real Estate Market Last Week’s Sales: May 16 – 23, 21 – Week 21 Closed (18) + Under Contract / Pending (18). [To view the new blog post, you may have to “Clear your Browser Settings”. Go to: Chrome browser/more… 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.
The Estin Report Aspen Snowmass Weekly Real Estate Sales and Statistics: Land Sales Surging Up 100% over 2011 total Year: (4) Lots Closed Last Week: Closed (6) and Under Contract (5): June 03 – 10, 2012
Scroll down page past May Monthly Snapshot for last week’s market activity Tim Estin is an active Aspen real estate broker with Coldwell Banker Mason Morse located in the center of Aspen. This blog, www.AspenRealEstateBlog.com or Tim Estin’s blog, is released Monday mornings and sometimes… Read More
Aspen-Snowmass Condos: Summer 2007
The Aspen/Snowmass condo market is as hot as ever. Read More
Aspen Real Estate as a Safe Harbor
In last week’s column (Dec 21-26th), I focused on major demographic and socio-economic trends Read More
Pitkin County 2006 Land Use Code: A Primer
By Tim Estin mba, gri| Broker Associate |Mason Morse Real Estate, Aspen | 970.920.7387 office Read More
Contemporary Aspen CO Home for Sale Closes at $13.8M/$2,362 Sq Ft Furnished
May 6 – 13, 2018 Estin Report: Last Week’s Aspen CO Homes for Sale and Snowmass Real Estate Sales & Stats: Closed (6) + Under Contract / Pending (3) Apr 2018 Aspen Real Estate Market Reports –… Read More
Dec 07 – 14, 2014: Estin Report: Last Week’s Aspen Snowmass Real Estate Sales & Stats: Closed (8) + Under Contract / Pending (3)
The Estin Report: November 2014 Aspen Snowmass Market Snapshot was posted on Dec 3, 14 in Current Reports. Last week’s… Read More
The Estin Report Aspen Snowmass Real Estate Weekly Market Update: (0) Closed and (5) Under Contract and Comments on Denver Post Article Today about Aspen’s Green Built “2010 Vision House” for Sale: May 30 – June 6, 10
Updated 6/710 3:45PM 1. Green Building and the Aspen Vision House for Sale An article appeared in the Denver Post today titled, “Builder Applies Green Vision to Aspen” about a new home for sale in Aspen called the “Vision House”, a state… Read More
Congress’s New Tax Bill May Affect 2nd Homeowners from E. Hampton to Lake Tahoe, Bloomberg News 11.10.17
"In Aspen, Colorado, as much as 70 percent of second homes are purchased with cash", so the interest deduction is irrelevant, said Tim Estin, a broker with Aspen Snowmass Sotheby’s International Realty. “Our market relies on the winds of the ultra-rich, who will be getting a reputed tax break anyway that should more than make up for the loss of the mortgage deduction,” said Estin, who writes the Estin Report on the Aspen market. “For the rich, a mortgage is more a source of cheap funds - bankers line up to loan them real estate money in the hopes of relationship building - and the deduction aspect is almost ancillary.”
Link to article by Rob Urban and Prashant Gopal, Bloomberg News, November 10, 2017 Read More
Residences at The Little Nell (RLN Aspen) – Buyers’ Info and Frequently Asked Questions
The Residences at The Little Nell is an exclusive, luxurious, private residence club, perfectly situated at the base of Aspen Mountain providing direct access to the Silver Queen gondola outside the front door. Each 3 or 4 bedroom residence is beautifully appointed with exceptional finishes and gorgeous custom furnishings. Read More
The Estin Report Aspen Snowmass Real Estate Weekly Market and Property Activity: Closed (2), Under Contract (7) and Back on Market (2) Plus Residences at the Little Nell Solds to Date: Aug 23 – 30, 2009
As would be expected, the past week has been the most busy of the entire summer. While inventory of homes and properties swell, and a charge of meaningful price decreases stampedes throughout the market, both up valley – Aspen and Snowmass – and downvalley, there are most definitely buyers… Read More
“Looking Up at Last” – Merrill Lynch Wealth Mgmt Luxury Home Report
Published by Merrill Lynch Private Banking and Investment Group, Oct. 25, 2012 An exclusive city-by-city analysis of the high-end residential real estate market suggests that those waiting for a meaningful recovery to set in need wait no longer. Click for Report pdf Resort Report Mixed Excerpt: Venerable high-end resort towns, while too small to be included in Merrill Lynch's survey of Zillow data, share the same long-term appeal of properties in Manhattan or San Francisco: a natural supply limit. As Michael Feder, president and CEO of research and analysis firm Radar Logic Inc., puts it, "They aren't making new oceanfront property in the Hamptons anymore." That's not to say such areas weren't hit hard during the crisis. "Prices in Aspen, Colo., dropped 25% to 40% after 2008", says Tim Estin, a broker at Coldwell Banker Mason Morse Real Estate in Aspen, Colo., and the publisher of The Estin Report, a monthly and quarterly analysis of the Aspen/Snowmass home market. Since then, the recovery has been a bit all over the map, Estin says. The total amount of money spent on Aspen homes surged 20% year over year in 2011, then retreated 37% year over year in the first half of 2012, then surged 55% this past summer. A lot of this has to do with the degree to which a very few number of very expensive homes can skew the market in an area like Aspen. For example, through the first half of 2011, 12 properties sold for more than $10 million, whereas during the same period this year, there were just five transactions of that magnitude. But perhaps a more telling statistic is the total number of units sold. That number — which was up 26% for the summer of 2012 vs. the summer of 2011 — suggests to Estin that while some high-end buyers may still be putting their vacation dreams on hold amid lingering uncertainties about the economy, more are recognizing that now may represent "an unprecedented opportunity" to acquire properties at prices not seen in nearly a decade. Read More
