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.

Red Mountain 2010 Contemporary Home in Aspen Sells for $19.5M/$2,315 Sq FT

June 18 - 25, 2017 Estin Report: Last Week's Aspen Snowmass Real Estate Sales & Stats: Closed (6) + Under Contract / Pending (11)

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 26, June 18 - 25, 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 (6):  MLS#s 132594, 145291, 146808, 147064, 147382, 147639. This link is valid until 7/25/2017.

Under Contract/Pending (11): MLS#s 126246, 139667, 144574, 144842, 147453, 147506, 148709, 149497, 149550, 149601, 149615. This link is valid until 7/25/2017.

Aspen Snowmass Solds Last Week:  
 
MLS #145291 - Red Mountain Ranch, Red Mountain, 768 Hunter Creek Road, Aspen, CO. Sold Price: $19,500,000/$2,315 sq ft; unfurnished. More details below photos.
        
MLS #145291 - Red Mountain Ranch, Red Mountain, 768 Hunter Creek Road, Aspen, CO. Sold Price: $19,500,000/$2,315 sq ft; unfurnished. Aspen single family home for sale. Ask Price: $21,500,000. (Original Price: $21,500,000 and 330 days on the market since 07/21/2016. The property went under contract in early Feb 2017, after only 122 days on the market. The sellers paid $17.5M on 04/22/15.) This is a 2010 built, 6 bedroom/6 bath/1 half-bath, 8,422 sq ft single family home with 2 car garage on a 33,591 sq ft lot. It is a gorgeous newer built home with beautiful panoramic views of the surrounding mountains and direct frontal view of Aspen Mountain. Broker comments are "Red Mountain Masterpiece located at the top of Red Mountain Ranch. Stunning A+ views in every direction. Ajax Mtn front and center and every major peak beyond. Hunter Creek wilderness surrounding property provides thousands of acres of hiking and biking trails and complete peace and privacy from the home. Unique features include Geo Thermal heating and cooling, Resistance swimming pool, a billiard/game room with bar, state of the art theater with Ultra Hi-Definition Sony Theater, RTI Audio with Sonos Streaming Media Players, Lutron lighting and shading system all controlled by tablets. This spectacular custom built contemporary home is a must see." 2015 taxes: $16,465; HOA Dues: $12,086 per Yr. Under Contract Date: 02/04/2017; Sold Date: 06/16/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby's International Realty-Spring Street) Read More

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