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.

“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

Aspen Real Estate Sales Down Through June, But Read the Fine Print, ABJ

Glass half full or half empty? ASPEN REAL ESTATE - “While the environment remains challenging and [the first half of] 2012 have underperformed hopes from the beginning of the year, overall market progress is being made,” wrote Coldwell Banker Mason Morse agent Tim Estin in his State of the Aspen Market report for the first half of 2012. Estin, pointing out that in the last three years the second quarters have been plagued by one or more crises on the national and international levels, calculated that dollar volume in the Aspen to Snowmass Village market was actually off 22 percent in the second quarter compared to the same time period in 2011. Unit sales were up 3 percent. The first half of the year stats sound even worse, according to Estin. Dollar volume was off 25 percent while unit sales were down 7 percent. “The warm weather conditions in many parts of the country, a lack of snow over the winter/spring 2012 in the Aspen area, a sputtering national economy and captive headlines coming out of Europe were factors contributing to the slowdown in Aspen real estate sales,” wrote Estin. By Catherine Lutz, August 2, 2012 ABJ Read More

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