Breaking down the statistics illuminates further trends. ASPEN REAL ESTATE — In the upper valley market, from Aspen to Old Snowmass and including Snowmass Village, the number of sales—235—is even with last year through September, according to Tim Estin, a broker with Coldwell Banker Mason Morse who does his own monthly and quarterly reports. Overall dollar volume is down 12 percent, mainly due to 30 percent fewer big-ticket sales this year, which Estin claims accounts for almost the entire dollar volume difference between this year and last. Still, overall third-quarter sales were strong, up 25 percent in dollars ($240.4 million) and 13 percent in unit sales (81) compared to the period of July 1 to Sept. 30 last year, according to Estin. The past few years have started out strong and sputtered to a close, but this year had the strongest third quarter of the past four years, Estin reported. A particularly strong segment is Aspen single-family home sales. Aspen (which for Estin includes Woody Creek and Old Snowmass) accounted for 83 percent of the overall dollar volume in the third quarter, and Aspen single-family home sales accounted for 56 percent of that dollar volume. Aspen homes sales were up 46 percent in dollar volume and 22 percent in number of sales in the third quarter. And the surge appears to have continued in October—Estin recently reported 15 sales of single-family homes in Aspen compared to six in October 2011. Commensurate with this was a 3 percent increase in the median home price ($3.8 million) and a 13 percent increase in the price per square foot ($1,013) in the third quarter. “Both metrics … can be seen as positive signs of home price stabilization,” Estin wrote. By Catherine Lutz, Nov. 7, 12 ABJ Snowmass Base Village 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.
Excerpt: The billionaire manufacturing executive David MacNeil said, ”There’s really no bad time to buy great properties. No one ever regretted buying the very best, whether it is a premium collector car or a piece of premium real estate. Scared money chases bargains, and smart money chases excellence.”… 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
The Estin Report Aspen Snowmass Weekly Real Estate Sales and Statistics: Closed (6) and Under Contract / Pending (11): June 09 – 16, 2013
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
Really Useful Local Links
Aspen Webcams Weather and Road Conditions Airlines, Airports, Ground Transport and Luggage Shipping Hotels & StayAspen Central Reservations Aspen and Snowmass Restaurant Cheat Sheet – Links, Phone and Comments Property Rentals Entertainment – Movies, Nightlife, Venues Events Calendars: Aspen, Basalt, C’bondale, Glenwood Springs Ski & Sports: Summer &… 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
Oct 4 – Oct 11, 2015 Estin Report: Last Week’s Aspen Snowmass Real Estate Sales & Stats: Closed (10) + Under Contract / Pending (13)
The Estin Report: Sep 2015 Aspen Snowmass Market Snapshot was posted 10/04/15 inCurrent Reports. The Snapshots are released on or near the 1st Monday of the month. Read More
The Estin Report Aspen Snowmass Real Estate Weekly Market Update: Closed (9) and Under Contract(12): Jan 29 – Feb. 5, 12
Scroll down page for prior week’s market activity. If you like this site, please click the “Like” button above. RELEASED JAN 9. 2011: THE ESTIN REPORT: STATE OF THE ASPEN REAL ESTATE MARKET 2011 YEAR AND 4TH QUARTER… Read More
The Estin Report Aspen Snowmass Real Estate Weekly Market and Property Activity: (2) Closed (and (3) Under Contract/Pending: June 21 – 28, 2009
Note:The Estin Report will publish 2Q2009 Aspen and Snowmass Village – State of the Real Estate Market (April 1 – June 30, 09) by mid-week of July 6th. For the recently released (6/30/09) Land Title Guarantee Pitkin County Real Estate Market Summary for May ’09, go to the Aspen… Read More
Aspen-Snowmass Condos: Summer 2007
The Aspen/Snowmass condo market is as hot as ever. Read More
Dec 4 – 11, 2016 Estin Report: Last Week’s Aspen Snowmass Real Estate Sales & Stats: Closed (14) + Under Contract / Pending (7)
The Nov 2016 YTD Aspen Snowmass Real Estate Market Snapshot will be posted late Tues Dec 13th. The Oct 2016 Snapshot was posted on Mon Nov 7th in… Read More
East Aspen Townhome Sells at $3.925M/$1,022 SqFt
Dec 17 - 24, 2017 Estin Report: Last Week's Aspen Snowmass Real Estate Sales & Stats: Closed (4) + Under Contract / Pending (10)
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).
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
