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Aspen Real Estate Market  Last Week’s Sales: Apr 4 – 11, 21 – Week 15 Closed (25) + Under Contract / Pending (45).  [To view the new blog post, you may have to “Clear your Browser Settings”.  Go to: Chrome browser/more tools/clear browsing data.] … Read More

Aspen Real Estate Market  Last Week’s Sales: Apr 18 – 25, 21 – Week 17 Closed (25) + Under Contract / Pending (17).  [To view the new blog post, you may have to “Clear your Browser Settings”.  Go… Read More

Aspen Real Estate Market  Last Week’s Sales: Oct 25 – Nov 1, 20 – Week 43 Closed (27) + Under Contract / Pending (30).  [To view the new blog post, you may have to “Clear your Browser Settings”.  Go to: Chrome browser/more tools/clear browsing data.] … Read More

Aspen Real Estate Market  Last Week’s Sales:  Sep 6 – 13, 2020 – Week 36 Closed (30) + Under Contract / Pending (23).  [To view the new blog post, you may have to “Clear your Browser Settings”.  Go to: Chrome browser/more tools/clear browsing data.]   The August 2020… Read More

Aspen Real Estate Market  Last Week’s Sales: Oct 18 – 25, 20 – Week 42 Closed (28) + Under Contract / Pending (23).  [To view the new blog post, you may have to “Clear your Browser Settings”.  Go to: Chrome browser/more tools/clear browsing data.] … Read More

August 27 - Sept 3, 2017 Estin Report: Last Week's Aspen Snowmass Real Estate Sales & Stats: Closed (20) + Under Contract / Pending (10)
The Estin Report: July 2017 Aspen Real Estate Monthly Snapshot was posted in Current Reports. The Snapshots are usually posted on or near the 1st Monday of the month. 
Excerpt from July 2017 Snapshot:
"The Aspen market continues to be in hyper-sales territory. Activity is and feels super-charged. Add to that, early August is the time when buyers get real estate focused with summer's ending in sight. This is the busiest time of year. We should see a steady stream of offers and under contracts now through the end of September. The Aspen market is bifurcated: there's inside the roundabout and there's outside. Aspen’s most coveted neighborhoods..." Read more 
The Estin Report: Mid-Year 2017 State of Aspen Real Estate was released in the summer 2017 in Current Reports. The 32-Page report is available on-line as PDF and in a print edition 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.
"Flip Job" Examples: See recent Before/After Redevelopment in 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 (07/4/17) as additional re-sale properties come on the market at significantly higher prices.
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Market Activity Week 36, August 27 - Sept 3, 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 (20):  MLS#s142156, 126246, 136543, 138447, 138471, 144288, 144574, 147620, 147742, 147983, 148015, 149019, 149181, 149419, 149613, 149799, 149869, 150009, 150229, 150649. This link is valid until 10/3/2017.

Under Contract/Pending (10): MLS#s 141923, 133332, 144369, 144531, 147324, 148280, 148995, 149485, 150108, 150402. This link is valid until 10/32017.

Aspen Snowmass Solds Last Week:  
MLS #149419 - Central Core, 205 Shady Lane, Aspen, CO. Sold Price: $27,000,000/$4,144 sq ft; unfurnished. More details below photos.
        
MLS #149419 - Central Core, 205 Shady Lane, Aspen, CO. Sold Price: $27,000,000/$4,144 sq ft; unfurnished. Aspen single family home for sale. Ask Price: $27,500,000. (Original Price: $27,500,000 and 85 days on the market since 06/05/2017.) This is a 1987 built, 5 bedroom/5 bath/1 half-bath, 6,515 sq ft single family home with 4+ car garage on a 2.57 acres lot. Broker comments are "A true legacy property in the heart of Aspen. This property has it all: river frontage, flat usable acreage, short walk to Aspen, south facing views of Aspen Mountain, on the Rio Grande Trail, located in Pitkin County (no transfer tax and larger residences allowed) and no steep hills to drive in the winter. Create the ultimate family compound on this 2+ acre river front property just a short walk from Aspen’s downtown core. Located at the end of Shady Lane at the base of Red Mountain, this Victorian style, 5 bed / 5.5 bath, 6,515 SF home has enormous potential for the most discerning buyer." 2016 taxes: $31,413. Under Contract Date: 06/30/2017; Sold Date: 08/29/2017. (Photos and broker comments courtesy of Aspen Associates Realty) Read More

Aspen Real Estate Market  Last Week’s Sales: Apr 11 – 18, 21 – Week 16 Closed (19) + Under Contract / Pending (24).  [To view the new blog post, you may have to “Clear your Browser Settings”.  Go to: Chrome browser/more tools/clear browsing data.]… Read More

This is the 503th weekly blog post on the Estin Report !! Check out the SearchEstinAspen Section to find all kinds of hidden treasures. Over ten years have gone into building this archive.

The April 2017 Aspen Snowmass Real Estate Monthly Market Snapshot was posted in Current Reports on Wed. May 3rd. The Monthly Snapshots are usually posted on or near the 1st Monday of the month. The Q1 2017 & 2016 Year End report will be released this week, I hope, as will Q4 2016 stats.

An article appeared in the Denver Post Sunday Feb 26th on Colorado Mountain resort real estate including Aspen and Pitkin County. 

Bottom Line:  Estin Report: Apr 2017 Aspen Real Estate Market Snapshot Excerpt:

"Aspen real estate is in turn-a-round mode from a dismal 2016 when global uncertainty curtailed buyers' appetite for luxury high end 2nd home purchases. Post-election 2016, an upper-end Aspen real estate recovery is in full bloom.

In April 2017, for the combined Aspen/Snowmass Village market, the number of units sold is up +25%, from 28 last year to 35 this year. The number of properties that went under contract in April 2017 was 30 versus 25 last year. Under contracts are viewed as an indicator of future activity.

But the surging market activity grabbing local headlines is very specific: location specific, property specific, style/design specific, property age specific..
. There’s inside the roundabout and there’s outside. Not everyone’s partying at present.

If you want to pay through your teeth, pour money into developer’s pockets who saw these things coming 2-4 years ago, be a part of the great migration closer into town... If you want to find good-to-great values and motivated sellers in to-die-for stunningly beautiful settings 5-15 minutes beyond downtown Aspen, play the contrarian hand and rediscover and embrace the areas and neighborhoods the Aspen settler generation of the 1960's through the 1980’s came to Aspen for...""

Click tables to enlarge

New Charts Below: Historic Pace of Aspen and Snowmass Village Homes, Condos and Vacant Land / Lots by Dollar Sales and Unit Sales Updated with Q1 2017. (These charts are very popular and will be updated every quarter):

These new charts were originally posted in Current Reports on 02/15/17 through Q4 2016. They have been updated with Q1 2017 stats. The charts are: the historic pace of dollar and unit sales since 2006 separately for Aspen and Snowmass Village (SMV) by property types: 1) all properties combined; 2) single family homes; 3) condos; 4) vacant land / lots. (Fractionals, with the exception of extreme sales, are not included.)

Sales velocity, or pace, whether by dollar volume or unit sales is extremely useful to consider ss the unit sales drop-off in the 2nd Half 2007 so foreshadowed the Great Recession. 

While many real estate professionals use dollar volume sales as the single metric for sales performance (it often looks 'better'), unit sales are a more reliable measure of market activity. Dollar sales can be skewed disproportionately by extreme high or low end priced sales.

Clients often ask, "Where are we now compared to the Great Recession...?". These charts offer a solid reference for that conversation. In this instance, the starting point for the trend line is 2006, but, of course, where the trend line commences will affect its outcome...If the charts had started at 2009, the trend would be more upwards at present than is shown here.

As this is written, post-election Nov 2016 through Mar 31, 2017(see charts through Q1 2017), sales have picked up considerably and are decidedly on an upward trajectory.

Click link to see additional charts
for Aspen and SMV by property types thru Mar 31, 2017 (Q1).

"Flip Job" Examples: See recent Before/After redevelopment  in the new 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 (01/04/17) as additional re-sale properties come on the market at significantly higher prices.
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Market Activity Week 19, May 7 - 14, 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 (17):  MLS#s 140596, 139928, 142816, 143563, 144465, 145358, 146782, 146868, 147156, 147516, 147759, 147952, 148030, 148208, 148823, 148869, 148914. This link is valid until 6/13/2017.

Under Contract/Pending (3): MLS#s 141963, 145603, 147239. This link is valid until 6/13/2017.

Aspen Snowmass Solds Last Week:  

MLS #147516 - West End, 815 Roaring Fork Road, Aspen, CO. Sold Price: $10,500,000/$1,883 sq ft; unfurnished. More details below photos.
     
MLS #147516 - West End, 815 Roaring Fork Road, Aspen, CO. Sold Price: $10,500,000/$1,883 sq ft; unfurnished. Aspen single family residence for sale. Ask Price: $10,950,000. (Original Price: $10,950,000 and 92 days on the market since 02/07/2017.) This is a 2004 built, 4 bedroom/4 bath/2 half-bath, 5,574 sq ft single family residence with 2 car garage on a 18,849 sq ft lot. Broker comments are "A rare offering on Roaring Fork Road - where one finds the largest parcels in the West End. This 18,849 sq.ft lot features a 5,574 sq.ft home re-built in 2004. The zoning allows for 4,728 sq.ft above grade for a single-family home or 5,148 sq.ft for a duplex. All sub-grade space is exempt and is in addition to the above grade calculations. Outdoor entertaining spaces include the large at-grade terrace in the backyard to the 2 upper-level terraces that offer stunning views of Aspen Mountain. Enjoy the Aspen lifestyle from this property’s close proximity to the Aspen Music Festival & School’s Harris Concert Hall, Benedict Music Tent, the Aspen Institute campus to the trails accessing the Rio Grande Trail or the shuttle to the center of town." 2016 taxes: $23,557. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/09/2017; Sold Date: 05/10/2017. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen) Read More

The Estin Report April 2014 Monthly Market Snapshot of Aspen Snowmass Real Estate was released Mon May 5, 14, 2014 in the current reports section. The monthly snapshots… Read More

Aspen Real Estate Market  Last Week’s Sales: Jan 3 – 10, 21 – Week 2 Closed (21) + Under Contract / Pending (10).  [To view the new blog post, you may have to “Clear your Browser Settings”.  Go to: Chrome browser/more tools/clear browsing data.] … Read More

Aspen Real Estate Market  Last Week’s Sales: Apr 28 – May 5, 19 – Week 17 Estin Report: Last Week’s Aspen CO Homes for Sale and Snowmass Real Estate Sales & Stats: Closed (18) +… Read More

Last week’s sales activity is published below. March 2013 Snapshot sales figures and Q1 2013 report will be released in early April. Scroll down page for photos and details of weekly solds and under contract /pending… Read More