The Madoff clients of Aspen are coping with staggering losses, seeking advice from lawyers and tax experts and, in a few cases, considering selling their homes. A couple of friends launched a support network, the Phoenix Group, vowing to "rise from the ashes."Adding to the anguish, many of their names… 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.
Peter Estin Hut – Tenth Mountain Division Huts
The Peter Estin Hut, the third hut in the Tenth Mountain Division Hut System (huts.org), was built in the mid-1980s by my family in memory of my dad, Peter Estin. People often ask how it became part of the Tenth Mountain Huts—was he a 10th Mountaineer? No, he… Read More
Aspen Historic West End Home Built 1888 Remodeled 2000 Sells at $11.7M/$2,451Sq Ft
July 9 - 16, 2017 Estin Report: Last Week's Aspen SMV Real Estate Sales & Stats: Closed (5) + UC / Pending (17)
The Estin Report: June 2017 Aspen Real Estate Monthly Snapshot was posted in Current Reports on Mon. July 10th. The Snapshots are usually posted on or near the 1st Monday of the month.
Excerpt:
"June 2017 has been the best June for Aspen real estate in the past 10 years. Dollar sales for properties selling over $10M are up over 125% year-to-date (YTD) and for all properties, sales are up 118% YTD. At the same time, inventory of available properties for sale is declining, down 30% in June ’17 year over year, which should create upward pressure on prices..."
Estin Report: Q1 2017 & 2016 Year: 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.
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Market Activity Week 29, July 9 - 16, 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 (5): MLS#s 149973, 144834, 146108, 141344. This link is valid until 8/15/2017.
Under Contract/Pending (17): MLS#s 148348, 147202, 147620, 149626, 144258, 145521, 146159, 148077, 149497, 149573, 147009, 149702, 149552, 149527, 148929, 125883, 125884. This link is valid until 8/15/2017.
Aspen Snowmass Solds Last Week:
MLS #149973 - 230 E Hopkins commercial building in downtown Aspen, Central Core. Sold Price: $11,275,000/$1,442 sq ft. More details below photo.
MLS #149973 - Townsite of Aspen, Central Core, 230 E Hopkins Avenue, Aspen, CO. Sold Price: $11,275,000/$1,442 sq ft. Aspen commercial industria for sale. Ask Price: $11,275,000. (Original Price: $11,275,000 and 63 days on the market since 05/10/2017. According to public records, the for sale by owner (FSBO) was Mountain Forge LLC, an investor group associated with William E. Boehringer of WEB Capital, who paid $8.5M in 07/11/16; the buyer is Hexagon 360 LLC with Paul B. Edgerley as principal, a senior advisor and former managing director at Bain Capital,) This is a 1963 built, 7,820 sq ft commercial industria on a 6,000 sq ft lot. See P & Z article on the property's redevelopment. A prior listing broker comments were, "Excellent corner investment building in downtown Aspen with 4 commercial tenants and one apartment, plus parking spaces. Opportunity for upside in this Mixed-Use Zone adjacent to ''restaurant row'' and the Commercial Core Zone, right across from Francis Whitaker Park. Good views of Aspen Mountain. Total SF per Assessor is 7,820." 2015 taxes: $62,046. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 05/10/2017; Sold Date: 07/12/2017. (Broker comments courtesy of Listing #140060 Setterfield & Bright Real Estate and photo courtesy of Tim Estin, Broker, Aspen Snowmass Sothebys RE). Read More
Maroon Creek -Tiehack Ski-in/Out Townhome Closes at $4.5M/$971 Sq Ft Furnished
Apr 29 – May 6, 2018 Estin Report: Last Week’s Aspen CO Homes for Sale and Snowmass Real Estate Sales & Stats: Closed (8) + Under Contract / Pending (4) March 2018 Aspen Real Estate Market Reports… Read More
2-Acre West End Homesite at 850 Roaring Fork Rd Closes at $34.75M/$7,901 SF Part Furn
Aspen Real Estate Market Last Week's Sales: Oct 20 - 27, 24 - Week 43 Read More
Aspen Real Estate Market Update: Signs of Growing Confidence: Six Aspen Properties Over $14MM = Sold (4) and Under Contract (2) Between Jan 31 – Feb. 19. 2011
Link to weekly post Feb 13-20 Aspen Snowmass Weekly Sales and Statistics. Update: Since Jan 31st, there have been (6) big money Aspen real estate transactions over $14MM: Five (5) of these have occurred in the past 10 days alone with (3)… Read More
Past Reports
The Estin Report Description The Estin Report is the umbrella name for reports, blog posts, articles and commentary written by Aspen real estate broker Tim Estin on the Aspen market. The writing began in early 2006 with five original articles written through 2007 published in The Mountain Business Journal and a regular series of… Read More
Unconventional Wisdom: Why the Big Bad Bubble May Pass Us Over, Aspen Magazine Magazine Feb 2008
The Set-up: Home prices in America have rocketed 45 percent higher than inflation since 1996 – creating five trillion dollars in wealth, according to the Center for Economic Policy Research. The Doomsday Scenario: The average home buyer cannot afford the average home. Inventories swell, prices sag. Five trillion dollars vanish – that’s $70,000 per family of four. The Happy Ending: You’re in Aspen where the housing bubble is made of Kevlar. Pickup a copy of the Wall Street Journal or Business Week these days and you’ll find economists peering through a miasma of contradictory figures to divine where the housing market is headed. Mark Pasani, number cruncher and marketing director for Aspen’s Land Title Guarantee Company, has a n easy time reading his charts- they all point up. Pasani reports that for Pitkin County, “A very strong October puts dollar volume up 15 percent for the year and up almost eight percent in the number of transactions.” The picture nationwide, however, is not as rosy. The National Association of Realtors (NAR) reports that existing home sales will fall 8.6 percent in 2006 from the previous year. New home sales will fall 16.8 percent and housing starts 10.6 percent. “Even as the national market cools, the real estate market here is cushioned by a national and global demand,” says Tim Estin, a broker for Mason & Morse who writes an occasional real estate market column for the Mountain Business Journal. Estin, who also reports on local market trends on his Web site (www.EstinAspen.com), sees the richest of the rich driving most of the demand in Aspen. “In 2006, there has been a surge in the sale of homes over $10 million,” he notes. In 2004 and 2005 combined, there were only 12 listings in this category. This year, there have been 36 such listings, and 12 of them have already sold. “The sale of anything over $20 million is extremely rare, and we’ve had three such sales in the past few months,” continues Estin. It’s worth noting that for more that thirty years, the Aspen housing market has weathered every storm; during periods of national recession, owners here – who tend to have deep pockets - pull properties off the market rather than discount. Rod Woelfle, president of the Aspen Board of Realtors and the local chapter of the NAR, says, “Luxury markets – like Aspen or the Hamptons – are more isolated.” “The main factor insulating the Aspen market is a formula of basic economics: supply and demand. The supply of area homes is extraordinarily constrained. Ninety-two percent of Pitkin County is government land or otherwise protected,” notes Estin. Read More
The Estin Report Aspen Snowmass Real Estate Weekly Sales and Statistics : Closed (8) and Under Contract/Pending (10): Feb. 13 – 20, 11
Tim Estin is an active Aspen real estate broker with Mason Morse Real Estate located in the center of Aspen opposite Little Annie’s Restaurant. This blog, www.AspenRealEstateBlog.com or Tim Estin’s blog, is released Monday mornings and… Read More
June 26 – July 3, 2016 Estin Report: Last Week’s Aspen Snowmass Real Estate Sales & Stats: Closed (9) + Under Contract / Pending (8)
The Estin Report:May and YTD 2016 Aspen Snowmass Real Estate Market Snapshot was released June 7, 2016inCurrent Reports. The Monthly Snapshots are posted on or near the 1st Monday of the month. The June Market Snapshot will be… Read More
Really Useful Stuff
Miscellaneous quick Aspen real estate reference links: Why Choose Aspen Real Estate Sotheby’s Broker Tim Estin to Sell Your Property? TIM ESTIN’S PROPERTY LISTINGS – CUSTOM BROCHURES: – CURRENTLY FOR SALE (SPRING 2024) US FOREST SERVICE IN-HOLDING – SURROUNDED BY 1,000’s… Read More
2022 YEAR IN REVIEW ASPEN SNOWMASS REAL ESTATE MARKET REPORT
This comprehensive Aspen Snowmass real estate market report covers key takeaways and market activity for H2 & Year 2022 (Jan 1 – Dec 6, 2022* v2.20). The comprehensive 32-page report compares 2022 results with year over year historical data from the past 10+ years. The focus is on… Read More