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The Estin Report: Feb 2016 Aspen Snowmass Real Estate Market Snapshot was released 03/12/2016 v10.5. inCurrent Reports. On Monday afternoon, 3/14/16, I made some significant changes to my “Bottom Line” comments. Please review. The Monthly Snapshots… Read More

Scroll down page for photos and details of sold and under contract Aspen properties in the past 3 weeks. For earlier dates, use the down arrow to the blog archives and search by date. Or use SearchEstinAspen… Read More

Dec 10 - 17, 2017 Estin Report: Last Week's Aspen Snowmass Real Estate Sales & Stats: Closed (5) + Under Contract / Pending (12)
New in Current Reports 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

Last week’s Aspen and Snowmass sales activity appears below. Scroll down the 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

Aspen Real Estate Market  Last Week’s Sales: June 30 – Jul 7, 19 – Week 27 Closed (4) + Under Contract / Pending (7). The June & YTD 2019 Aspen Snowmass Village Real Estate Market Report Snapshot was posted… Read More

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

The Estin Report: April 2016 Aspen Snowmass Real Estate Market Snapshot was released May 6, 2016inCurrent Reports. The Monthly Snapshots are posted on or near the 1st Monday of the month. Excerptfrom the April 2016 Aspen… Read More

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

Aspen Real Estate Market  Last Week’s Sales: June 9 – 16, 19 – Week 24 Estin Report: Last Week’s Aspen CO Homes for Sale and Snowmass Real Estate Sales & Stats: Closed (7) + Under… Read More

The Estin Report: August and Summer 2015 Aspen Snowmass Market Snapshot(s)were posted 09/06/15 inCurrent Reports. Included is an exectuive summary for summer 2015 activity and key year-to-date stats. The Snapshots are released… Read More

July 8 – 15, 2018 Estin Report: Last Week’s Aspen CO Homes for Sale and Snowmass Real Estate Sales & Stats: Closed (5) + Under Contract / Pending (12) Just released Bi-Annual – Estin Report: Aspen… Read More

Last week’s sales activity appears below. On Dec 2, 13, the November 2013 Aspen Snowmass Market Snapshot was posted in Current Reports. Tim Estin was interviewed by Denver Business Journal for an article on Aspen and mountain… Read More