July 29 – Aug 5, 2018 Estin Report: Last Week’s Aspen CO Homes for Sale and Snowmass Real Estate Sales & Stats: Closed (11) + Under Contract / Pending (11). The July 2018 Estin… 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.
2nd New-Built Red Mtn Aspen Spec Home Sale at Over $3,000 Sq Ft in 2017
August 6 - 13, 2017 Estin Report: Last Week's Aspen Snowmass Real Estate Sales & Stats: Closed (16) + Under Contract / Pending (13)
The website redesign has been delayed. I am hoping to launch sometime in 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 33, August 6 - 13, 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 (16): MLS#s 125883, 125884, 140598, 141194, 144903, 146576, 146937, 147599, 147687, 147860, 148246, 148929, 149090, 149460, 149552, 149708. This link is valid until 9/12/2017.
Under Contract/Pending (13): MLS#s149369, 145074, 142056, 149974, 150295, 149702, 149071, 141085, 149793, 148866, 144604, 150107, 149939. This link is valid until 9/12/2017.
Aspen Snowmass Solds Last Week:
MLS #141194 - Red Mountain, 951 Red Mountain Rd, Aspen, CO. Sold Price: $21,500,000/$3,002 sq ft. More details below photos.
MLS #141194 - Red Mountain, 951 Red Mountain Rd, Aspen, CO. Sold Price: $21,500,000/$3,002 sq ft. Aspen single family home for sale. Ask Price: $22,900,000. (Original Price: $21,900,000 and 678 days on the market since 10/02/2015.) This is a 2017 built, 6 bedroom/6 bath/2 half-bath, 7,160 sq ft single family home with 2 car garage on a 41,382 sq ft lot. This is the 2nd Red Mountain home to close above $3,000 sq ft in 2017. The 1st was a 2014 built, 9,600 sq ft home at 343 Willoughby Way which closed at $30M/$3,120 sq ft on 4/24/17. Broker comments are "This exciting and elegant contemporary designed 5 bedroom home, designed by Cottle Carr Yaw Architects is now under construction and ready for Spring 2017 completion. The architecture is as breathtaking as the view. The open floorplan allows for grand scale entertaining while the master and guest bedrooms are very private. The finishes throughout the home are of the highest quality making this home a masterpiece of design and function with an elegant neutral palette of white oak, light gray limestone and poured architectural concrete. The living room pocketing sliding glass doors open to an expansive stone terrace with a built-in over sized hot tub and a set of sweeping stairs that lead to multiple lawn and garden areas. See listing broker for detailed specifications and plans." 2016 taxes: $12,891. Under Contract Date: 06/02/2017; Sold Date: 08/10/2017. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen) Read More
Sotheby’s 2024 Mid-Year Luxury Real Estate Outlook
To my clients, subscribers and followers of the Estin Report. I am most pleased to introduce the Sotheby’s 2024 Mid-Year Luxury Real Estate Outlook – a comprehensive review of the forces and trends impacting high-end residential real estate markets across the globe for the remainder of the year. Please access… Read More
The Estin Report Aspen Snowmass Real Estate Weekly Market Update: (5) Closed and (3) Under Contract and Vacant Land Report 2004 – 2010 YTD: June 13 – 20, 10
1. Released today: The Estin Report: Vacant Land Report 2004 – 2010 YTD (June 18, 2010) (Revised 6/22/10 at 4:30PM. Added a new page 7 with charts comparing 2004 – 2010 YTD Sales Across Asset Classes: single family homes, condos and vacant land .)… Read More
May 7 – 14, 2017 Estin Report: Last Week’s Aspen Snowmass Real Estate Sales & Stats: Closed (17) + Under Contract / Pending (3)
This is the 503th weekly blog post on the Estin Report !! Check out the SearchEstinAspen Section to find all kinds of hidden treasures. Over ten years have gone into building this archive.
The April 2017 Aspen Snowmass Real Estate Monthly Market Snapshot was posted in Current Reports on Wed. May 3rd. The Monthly Snapshots are usually posted on or near the 1st Monday of the month. The Q1 2017 & 2016 Year End report will be released this week, I hope, as will Q4 2016 stats.
An article appeared in the Denver Post Sunday Feb 26th on Colorado Mountain resort real estate including Aspen and Pitkin County.
Bottom Line: Estin Report: Apr 2017 Aspen Real Estate Market Snapshot Excerpt:
"Aspen real estate is in turn-a-round mode from a dismal 2016 when global uncertainty curtailed buyers' appetite for luxury high end 2nd home purchases. Post-election 2016, an upper-end Aspen real estate recovery is in full bloom.
In April 2017, for the combined Aspen/Snowmass Village market, the number of units sold is up +25%, from 28 last year to 35 this year. The number of properties that went under contract in April 2017 was 30 versus 25 last year. Under contracts are viewed as an indicator of future activity.
But the surging market activity grabbing local headlines is very specific: location specific, property specific, style/design specific, property age specific..
. There’s inside the roundabout and there’s outside. Not everyone’s partying at present.
If you want to pay through your teeth, pour money into developer’s pockets who saw these things coming 2-4 years ago, be a part of the great migration closer into town... If you want to find good-to-great values and motivated sellers in to-die-for stunningly beautiful settings 5-15 minutes beyond downtown Aspen, play the contrarian hand and rediscover and embrace the areas and neighborhoods the Aspen settler generation of the 1960's through the 1980’s came to Aspen for...""
Click tables to enlarge
New Charts Below: Historic Pace of Aspen and Snowmass Village Homes, Condos and Vacant Land / Lots by Dollar Sales and Unit Sales Updated with Q1 2017. (These charts are very popular and will be updated every quarter):
These new charts were originally posted in Current Reports on 02/15/17 through Q4 2016. They have been updated with Q1 2017 stats. The charts are: the historic pace of dollar and unit sales since 2006 separately for Aspen and Snowmass Village (SMV) by property types: 1) all properties combined; 2) single family homes; 3) condos; 4) vacant land / lots. (Fractionals, with the exception of extreme sales, are not included.)
Sales velocity, or pace, whether by dollar volume or unit sales is extremely useful to consider ss the unit sales drop-off in the 2nd Half 2007 so foreshadowed the Great Recession.
While many real estate professionals use dollar volume sales as the single metric for sales performance (it often looks 'better'), unit sales are a more reliable measure of market activity. Dollar sales can be skewed disproportionately by extreme high or low end priced sales.
Clients often ask, "Where are we now compared to the Great Recession...?". These charts offer a solid reference for that conversation. In this instance, the starting point for the trend line is 2006, but, of course, where the trend line commences will affect its outcome...If the charts had started at 2009, the trend would be more upwards at present than is shown here.
As this is written, post-election Nov 2016 through Mar 31, 2017(see charts through Q1 2017), sales have picked up considerably and are decidedly on an upward trajectory.
Click link to see additional charts
for Aspen and SMV by property types thru Mar 31, 2017 (Q1).
"Flip Job" Examples: See recent Before/After redevelopment in the new 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 (01/04/17) as additional re-sale properties come on the market at significantly higher prices.
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Market Activity Week 19, May 7 - 14, 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 (17): MLS#s 140596, 139928, 142816, 143563, 144465, 145358, 146782, 146868, 147156, 147516, 147759, 147952, 148030, 148208, 148823, 148869, 148914. This link is valid until 6/13/2017.
Under Contract/Pending (3): MLS#s 141963, 145603, 147239. This link is valid until 6/13/2017.
Aspen Snowmass Solds Last Week:
MLS #147516 - West End, 815 Roaring Fork Road, Aspen, CO. Sold Price: $10,500,000/$1,883 sq ft; unfurnished. More details below photos.
MLS #147516 - West End, 815 Roaring Fork Road, Aspen, CO. Sold Price: $10,500,000/$1,883 sq ft; unfurnished. Aspen single family residence for sale. Ask Price: $10,950,000. (Original Price: $10,950,000 and 92 days on the market since 02/07/2017.) This is a 2004 built, 4 bedroom/4 bath/2 half-bath, 5,574 sq ft single family residence with 2 car garage on a 18,849 sq ft lot. Broker comments are "A rare offering on Roaring Fork Road - where one finds the largest parcels in the West End. This 18,849 sq.ft lot features a 5,574 sq.ft home re-built in 2004. The zoning allows for 4,728 sq.ft above grade for a single-family home or 5,148 sq.ft for a duplex. All sub-grade space is exempt and is in addition to the above grade calculations. Outdoor entertaining spaces include the large at-grade terrace in the backyard to the 2 upper-level terraces that offer stunning views of Aspen Mountain. Enjoy the Aspen lifestyle from this property’s close proximity to the Aspen Music Festival & School’s Harris Concert Hall, Benedict Music Tent, the Aspen Institute campus to the trails accessing the Rio Grande Trail or the shuttle to the center of town." 2016 taxes: $23,557. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/09/2017; Sold Date: 05/10/2017. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen) Read More
Jan 22 – 29, 2017 Estin Report: Last Week’s Aspen Snowmass Real Estate Sales & Stats: Closed (4) + Under Contract / Pending (11)
The Dec 2016 YTD Snapshot has been postedinCurrent Reports. The Monthly Snapshots are usually posted on or near the 1st Monday of the month. My Q4 and Year 2016… Read More
550 Lazy Chair Ranch Road in West Aspen Sells at $22.875M/$4,658 SF
Aspen Real Estate Market Last Week's Sales: May 14 - 21 , 23 - Week 20 Read More
New EstinAspen Real Estate Website Launches Dec 3, 2017
12/03/17 The new website is upon us. The infrastructure is new, the design is new and most importantly, the functionality has vastly improved for property search, property viewing and details, 1-Click searches and blog display. This site is designed as a resource tool and archive for all things Aspen real… Read More
Oct 30 – Nov 6, 2016 Estin Report: Last Week’s Aspen Snowmass Real Estate Sales & Stats: Closed (7) + Under Contract / Pending (12)
The Oct 2016 YTD Aspen Snowmass Real Estate Market Snapshot was posted on Mon Nov 7th in Current Reports.The Monthly Snapshots… Read More
Sep 18 – 25, 2016 Estin Report: Last Week’s Aspen Snowmass Real Estate Sales & Stats: Closed (10) + Under Contract / Pending (12)
The August 2016 YTD and Summer 2016 Aspen Snowmass Real Estate Market Snapshots were posted on Fri Sep 10th in Current Reports.The Monthly… Read More
West End Property Sold for $15M
June 11 - 18, 2017 Estin Report: Last Week's Aspen Snowmass Real Estate Sales & Stats: Closed (8) + Under Contract / Pending (8)
This site is in the process of a re-design and I'm getting very excited anticipating the launch early next month. It's about time! Any comments and suggestions for new and/or different content, site organization and other improvements that you'd like to see would be most appreciated. Get in touch from from the contact page. Many thanks, Tim
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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 added under the 1st of last week's sold properties displayed below. This will improve site performance.
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Market Activity Week 25, June 11 - 18, 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 142152, 140151, 144590, 145717, 146743, 147155, 147905, 148086. This link is valid until 7/18/2017.
Under Contract/Pending (8): MLS#s 133316, 141555, 141479, 147687, 147721, 149233, 149366, 149411. This link is valid until 7/18/2017.
Aspen Snowmass Solds Last Week:
MLS #140151 - West End, 614 N Fourth Street, Aspen, CO. Sold Price: $15,320,021/$2,399 sq ft; unfurnished. More details below photos.
MLS #140151 - West End, 614 N Fourth Street, Aspen, CO. Sold Price: $15,320,021/$2,399 sq ft; unfurnished. Aspen single family home for sale. Ask Price: $14,995,000. (Original Price: $14,995,000 and 693 days on the market since 07/20/2015.) This is a 2017 built, 7 bedroom/7 bath/2 half-bath, 6,385 sq ft single family home with 2 car garage on an oversized 8,392 sq ft corner lot. Broker comments are "Stage Fine Homes proudly presents The Pearl Residence; This spectacular brand new contemporary home on an oversized prime West End lot is designed by an amazing collaboration between Aspen's S2 Architects & Bennett Design-Build. Steps from the Music Tent, and an easy stroll to the Core, The Pearl Residence offers contemporary forms and classic, organic materials with generous indoor-outdoor living spaces and great views of Ajax and Shadow. Materials include chiseled limestone, weathered wood, exposed steel, and integrated landscapes. 7 Bedroom suites (4 above-grade) offer plenty of room for your family and guests to enjoy Aspen together. Large lot offers room to entertain, rooftop deck delights with views. New address = 439 Pearl. Construction underway, completion anticipated spring '17." 2015 taxes: $8,543. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/19/2016; Sold Date: 06/12/2017. (Photos and broker comments courtesy of Aspen International Properties)
Best Aspen Single Family Homes
These are the best properties in noteworthy categories on the Aspen Snowmass market today. This is not a complete list and it is subject to change. For more information on these or other great properties email or call Tim at 970.309.6163. Read More