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In last week’s column (Dec 21-26th), I focused on major demographic and socio-economic trends Read More

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 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

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

By Tim Estin mba, gri| Broker Associate |Mason Morse Real Estate, Aspen | 970.920.7387 office
Authors note: In 2005 and 2006. I was the Aspen Board of Realtors liaison for the extensive 2006 Pitkin County Land Use Code (LUC) Rewrite. As such, I communicated policy, political issues, code changes, and their consequences to the Aspen Realtor community, property buyers and sellers.The new code was approved by the Pitkin County Board of Commissioners (BOCC) in July 2006 after a two year intensive review. Additionally, I also served as a member of the Pitkin County Land Use Code/Technical Advisory Committee advising the Planning & Zoning Commission and the Pitkin County Board of Commissioners on land use issues - For additional info, see authors profile).
(This original article appeared in Mountain Business Journal, July 4th, 2006)

 
The New 2006 Pitkin Land Use Code: A Primer
The Estin Report, July 4, 2006. The new 2006 Pitkin County Land Use Code is expected to be approved in mid-July by the Board of County Commissioners (BOCC) after two years of discussion and an entire rewrite of the old code. The last time the code was rewritten was in 1992. Upon adoption, it will go into effect immediately. Read More

Last week’s sales activity is posted below. Scroll down page for photos and details of weekly solds and under contract /pending Aspen properties in the past 4 weeks. For earlier dates, use the down arrow to search the… Read More

Scroll down page past June 2012 Monthly Snapshot for last week’s market activity Tim Estin is a leading Aspen broker with Coldwell Banker Mason Morse located in the center of downtown. This blog, Tim Estin’s www.AspenRealEstateBlog.com, is… Read More

Dec 10 - 17, 2017 Estin Report: Last Week's Aspen Snowmass Real Estate Sales & Stats: Closed (5) + Under Contract / Pending (12)
New in Current Reports 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).

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

Estin Report: Nov. 2017 Aspen Snowmass Market Snapshot was posted on Dec 6th in Current Reports.
Nov 2017 Bottom Line
Nov 2017 continues the strong performance we’ve experienced throughout the year. We are close to beating the record year 2015.
Standout categories for the month of November are:
1) Aspen condo sales up 31% YTD while inventory of available listings is off -29%. In the 3-mos sales period from Sep-Nov 17, the avg condo/townhome sold at $1,731 sq ft over $1,346 in the same period Nov 2016, +29%.2) Value outside Aspen Core: an example of excellent values away from the Aspen Core, Starwood had (3) sales Sep-Nov 17 at an avg $610 sq ft vs $830 sq ft same period a year ago, -26%.  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 sale at $2,227 sq ft in the same period.
3) Snowmass Village values: SMV has been very active in Nov 17 with (16) sales vs (7) last year, +129%; dollar sales even better – $29.7M vs $6.9M, +331%. Of (4) Ridge Run SFH sales Sep-Nov 17, the avg sale was $635 sq ft vs $1,095 same period last year. SMV opportunities continue…in general, prices are similar, if not down incrementally, from last year. Read More

1) Thoughts on the Aspen market: A recent Question & Answer exchange last week with a prospective client provides a useful reflection of buyer sentiment and my thinking about where we stand mid-summer 2010. Uncertainty and opportunity Q: Tim, After spending more time in Aspen, I… Read More

Scroll down page past June 2012 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, Tim Estin’s… Read More

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