By Tim Estin mba, gri / Broker Associate / Mason Morse Real Estate Aspen / 970.920.7387 office (Nov 2008 author's comment: lot values are down an estimated 10-20% since this article was written in '06. The current credit freeze has virtually shut down land sales and related financing. Where there have been isolated sales, prices are generally lower than those quoted in this article written during the record year in the Aspen real estate marketplace.) original article in Mountain Business Journal, March 21st, 2006) Land value drives real estate prices. And as vacant land in Aspen is almost impossible to find, much of the existing home stock built in the 1960โs through the โ80โs becomes attractive to builders and developers for what lies beneath, not the structures themselves in spite of their apparent livability. This is not just an Aspen phenomenon. Most high end localities and resorts around the country are experiencing this โtear down land rushโ as well. 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.
The Estin Report Aspen Snowmass Weekly Real Estate Sales and Statistics: Closed (8) and Under Contract / Pending (4): June 30 – July 07, 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
The Estin Report 1st Half 2011: State of the Aspen Real Estate Market: July 14, 2011
Click image for full report and charts. Summary is below. Click image for full report and charts. Summary is below.(v18) About this Report The Estin Report on Aspen Snowmass real… Read More
The Estin Report Aspen Snowmass Real Estate Weekly Market Update: (3) Closed and (1) Under Contract and State of Aspen Real Estate Memorial Day 2010: May 23 – 30, 10
updated 6/07/10 9AM Memorial Day 2010: State of Aspen Real Estate I donโt pretend to be smart enough to know where the economy is going nor do I have the ability to really see the trends except when theyโve already occurred. While itโs likely I would be… Read More
September Sales Jump Due to Snowmass Base Village Closing, ABJ
Breaking down the statistics illuminates further trends. ASPEN REAL ESTATE โ In the upper valley market, from Aspen to Old Snowmass and including Snowmass Village, the number of salesโ235โis 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 OctoberโEstin 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. โBoth metrics โฆ can be seen as positive signs of home price stabilization,โ Estin wrote. By Catherine Lutz, Nov. 7, 12 ABJ Snowmass Base Village Read More
Market Activity – Residences at Little Nell Closings, Dancing Bear, The Monarch/LimeLite Condos & Other Residential: (2) Solds and (5) Under Contract: Jan 11-18, 2009
Residences at The Little Nell - Scheduled Closings Jan '09 The scheduled January '09 closings at Residences at The Little Nell at the base of the Aspen Mountain Gondola will dominate real estate news in the next few weeks. In Jan to date, there have been approximately (7) closings - of 208 total available units - of the three and four bedroom 1/8th interest fractional units. - Closed Three Bdrms: price range of the closed units last week was $1.1M - $1.65M - Closed Four Bdrms: price of the one unit that closed last week was $2.25M Read More
Nov 6 – 13, 2016 Estin Report: Last Week’s Aspen Snowmass Real Estate Sales & Stats: Closed (9) + Under Contract / Pending (9)
The Oct 2016 YTD Aspen Snowmass Real Estate Market Snapshot was posted on Mon Nov 7th in Current Reports.The Monthly Snapshots… 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
February 28 – March 6, 2016 Estin Report: Last Week’s Aspen Snowmass Real Estate Sales & Stats: Closed (2) + Under Contract / Pending (7)
The Estin Report: Feb 2016 Aspen Snowmass Real Estate Market Snapshot was released 03/11/2016 v10. inCurrent Reports. The Monthly Snapshots are posted on or near the 1st Monday of the month. Two additional pages have been added to these Snapshots. They… Read More
The Estin Report – One Buyer’s Reality Defies Laws of Averaging: Aspen Snowmass Real Estate Weekly Sales and Statistics: Jan. 16 – 23, 11
Aspen broker Tim Estin’s blog, AspenRealEstateBlog.com, is released Monday mornings and sometimes in-between. The Estin Reports are released quarterly, annually and also special reports. For blog archives, scroll down to bottom of this page and search by date or topic; for Aspen Real Estate… Read More
Aug 3 – 10, 2014 Estin Report Last Week’s Aspen Snowmass Real Estate Sales & Stats: Closed (7) + Under Contract / Pending (20)
The site has experienced server interruptions with related active link and email contact issues Jul 19 – Aug 2nd. My sincere apology. I believe it’s all fixed but I may only really know if you advise me of issues/problems. Thank you. Read More
June 28 – July 5, 2015 Estin Report: Last Week’s Aspen Snowmass Real Estate Sales & Stats: Closed (4) + Under Contract / Pending (7)
The Estin Report: 1st Half 2015 State of the Aspen Market Report will be released soon. May and YTD 2015 Aspen Snowmass Real Estate Monthly Market Snapshot was released late Monday, 06/02/15 inCurrent Reports. The June… Read More