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.

Record Aspen Vacant Land Sale – Rubey Lot 5 at Base of Red Mountain Sells for Unsolicited Offer of $22M

June 25 - July 2, 2017 Estin Report: Last Week's Aspen Snowmass Real Estate Sales & Stats: Closed (12) + Under Contract / Pending (8)

The redesign of this website has been delayed for a few weeks.

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. The June 2017 Snapshot is forthcoming.
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.
__________________________
Market Activity Week 27, June 25 - July 2, 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 (12):  MLS#s 141933, 138827, 139689, 143854, 144706, 145603, 146806, 146917, 146958, 148859, 149601, 149718. This link is valid until 8/1/2017.

Under Contract/Pending (8): MLS#s 145074, 146159, 146214, 148246, 148827, 149392, 149460, 149512. This link is valid until 8/1/2017.

Aspen Snowmass Solds Last Week:  
MLS #149718 - "RUBEY LOT 5", Red Mountain, 101 American Lane, Aspen, CO. Sold Price: $22,000,000. Aspen single family vacant lot for sale. More details below photo.

MLS #149718 - "RUBEY LOT 5" Red Mountain, 101 American Lane, Aspen, CO. Sold Price: $22,000,000. Aspen single family vacant lot for sale. Ask Price: $22,000,000. (This was an off market deal and was the Main House for Texan Marion Rubey) This is a 11.72 acres single family vacant lot. (The property does have a 6,600 sq ft 1985 built/1985 remodeled 4 bdrm/5 ba home on it but this is considered a teardown.)  "The property was the home of Houston socialite and Aspen Hall of Fame inductee Marian Rubey Lyeth Davis for more than 50 years. Her family started Maxwell House Coffee, and her four children. Catherine Rubey, Karen Rubey, Robert Rubey and the late Tina Rubey Baar’s son were listed with Marian Rubey as the property’s former owners in public records." according to the Aspen Daily News last week. Four (4) of the total five (5) Rubey lots have been sold - one (1) remains for sale at $20M. Broker comments are "Lot 5 of the exclusive 40 acre Rubey Family Subdivision sits adjacent to Willoughby Way on lower Red Mountain and features a large pond with water rights, woodlands, and flat grounds for the buyer to build up to 19,750 square feet with vested rights that no longer exist today –and with no TDR’s required. This expansive 11.721 acre property borders Hunter Creek and public land. A very rare A+++ location walking distance to downtown Aspen while still providing privacy and great 360 views of the surrounding mountains. A vested property rights and development agreement, dated Nov. 15, 2007, allows for the development of a home with as many as 15,000 square feet of floor area on Lot 5, the 11.7-acre lot that was sold and is part of the 40-plus acre Rubey subdivision. The square footage could expand through the use of (2) TDR's, transferrable development rights of 2,500 sq ft per TDR at a market cost of $225,000-250,000 each, for a total of approximately 19,750 sq ft. These property rights expire Sept. 26, 2021." 2016 taxes: $23,775. Under Contract Date: 06/27/2017; Sold Date: 06/27/2017. (Photos and broker comments courtesy of Engel & Völkers) Read More

Stunning West Buttermilk New Home Closes at $29M/$2,149 Sq Ft

Sept 10 - 17, 2017 Estin Report: Last Week's Aspen Snowmass Real Estate Sales & Stats: Closed (15) + Under Contract / Pending (9)
The Estin Report: August 2017 Aspen Real Estate Monthly Snapshot has been posted in Current Reports.The Snapshots are usually posted on or near the 1st Monday of the month. 
August 2017 Bottom Line
"The Aspen real estate market is cruising along in overdrive. August is traditionally a very active period for sales, and this August more so than ever. Sales at all prices points are exceedingly strong while inventory of properties for sale is declining significantly. Areas with particular sales velocity are Downtown Aspen, Red Mountain and the West End. Outlying areas are experiencing slower sales at lower prices—there’s value in them hills. There is concern the market is frothy with many asking how long can this last...Who really knows? No one..." Read more 
Added to Aug 2017 Snapshot Summary:

     Deep Dive: Sales by Location (Pgs 7 & 9 of Snapshot)

          - Aspen: Sales by Neighborhoods
            - Snowmass Village: Sales by Neighborhoods
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.
__________________________
Market Activity Week 38, Sept 10 - 17, 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 (15):  MLS#s 142056, 141555, 121911, 142778, 145224, 145352, 146167, 147465, 149206, 149672, 149780, 150366, 150625, 150815, 150860. This link is valid until 10/17/2017.

Under Contract/Pending (9): MLS#s 143793, 144934, 144942, 145236, 148846, 149874, 150188, 150394, 150710. This link is valid until 10/17/2017.

Aspen Snowmass Solds Last Week:  
MLS #121911 - West Buttermilk, West Aspen, 2800 W Buttermilk Road, Aspen, CO. Sold Price: $29,000,000/$2,149 sq ft; furnished. More details below photos.
        
MLS #121911 - West Buttermilk, West Aspen, 2800 W Buttermilk Road, Aspen, CO. Sold Price: $29,000,000/$2,149 sq ft; furnished. Aspen single family home for sale. Ask Price: $44,000,000. (Original Price: $29,500,000 and 2,178 days on the market since 07/01/2011. As construction progressed, the price was raised to $46M on 8/24/14) This is a 2016 built, 8 bedroom/9 bath/2 half-bath, 13,491 sq ft single family home with 4+ car garage on a 44.6 acres lot. The press has reported that the buyer is Lachlan Murdoch, the 46-year-old son of Rupert Murdoch. He is co-chairman of News Corp, which owns Dow Jones & Co., publisher of The Wall Street Journal and executive chairman of 21st Century Fox. Broker comments are "Just completed...Nestled high on Buttermilk Mountain in a grove of Aspen trees, Mopani Estate is a 44.6-acre equestrian property representing a rare and very special opportunity to enjoy unobstructed and expansive views of Red Mountain, the city of Aspen, the Continental Divide and Mt. Sopris. A picturesque 1,800 ft. long driveway connects the 13,500 sq. ft. mountain contemporary main residence with the two bed/two bath caretaker dwelling unit (CDU) or guest house and the large stable at this private family compound. The main residence is built with exquisite finishes and exacting attention to detail. Features include Boffi cabinetry and stone countertops from Italy, perfectly “matchbook” stone fireplaces, a glass 11-foot-tall pivoting front door, custom made chandeliers, cedar wood ceilings, and wide plank walnut floors. The home boasts six bedrooms, six full baths and two half baths, two gracious master suites and sitting rooms, wine cellar, exercise and spa rooms, media room, three car garage, multiple decks and patios, and beautiful outdoor spaces which include a fire pit and a waterfall. The property is also permitted for a tennis court. An open floor plan offers the perfect backdrop for indoor/outdoor entertaining and for displaying a significant art collection." 2016 taxes: $68,596. Under Contract Date: 09/11/2017; Sold Date: 09/14/2017. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Durant) Read More

Aspen Highlands Townhome Values – 2 Sales Last Week: $4.75M/$788 Sq Ft and $4.9M/$841 Sq Ft

Sept 3 - 10, 2017 Estin Report: Last Week's Aspen Snowmass Real Estate Sales & Stats: Closed (13) + Under Contract / Pending (10)

The Estin Report: August 2017 Aspen Real Estate Monthly Snapshot has been posted in Current Reports. The Snapshots are usually posted on or near the 1st Monday of the month. 
August 2017 Bottom Line
"The Aspen real estate market is cruising along in overdrive. August is traditionally a very active period for sales, and this August more so than ever. Sales at all prices points are exceedingly strong while inventory of properties for sale is declining significantly. Areas with particular sales velocity are Downtown Aspen, Red Mountain and the West End. Outlying areas are experiencing slower sales at lower prices—there’s value in them hills. There is concern the market is frothy with many asking how long can this last...Who really knows? No one..." 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.
__________________________
Market Activity Week 37, Sept 3 - 10, 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 (13):  MLS#s 137922, 144511, 144449, 145125, 147338, 148440, 148471, 149519, 149524, 149702, 149816, 149897, 150785. This link is valid until 10/10/2017.

Under Contract/Pending (10): MLS#s 141708, 146964, 148047, 149313, 149536, 149868, 149877, 150197, 150447, 150735. This link is valid until 10/10/2017.

Aspen Snowmass Solds Last Week:  
MLS #147338 - Aspen Highlands, West Aspen, 75 Thunderbowl Lane, Aspen, CO. Sold Price: $4,900,000/$841 sq ft; furnished. More details below photos.
        
MLS #147338 - Aspen Highlands, West Aspen, 75 Thunderbowl Lane, Aspen, CO. Sold Price: $4,900,000/$841 sq ft; furnished. Aspen single family home for sale. Ask Price: $5,475,000. (Original Price: $5,475,000 and 264 days on the market since 12/16/2016.) This is a 2007 built, 4 bedroom/5 bath/2 half-bath, 5,824 sq ft single family home with 2 car garage on a 3,920 sq ft lot. Some of the "best values"near downtown Aspen can be found at Aspen Highlands which is 5-7 minutes from downtown Aspen by shuttle bus. Broker comments are "Luxurious townhome living at Aspen Highlands within steps of the Thunderbowl and Exhibition Ski Lifts. Enjoy spectacular views of the Aspen Highlands ski area from the ultimate destination home with generous spaces ideally suited for entertaining. The contemporary mountain design boasts a gracious 5,824 sq ft, with four en-suite bedrooms, plus a private office, two power rooms, multiple fireplaces, game and media room, gourmet kitchen, top-of-the-line wine chillers, elevator, hot tub and heated two-car garage. Five minutes from downtown Aspen and just a short walk to Aspen Schools and the Aspen Recreation Center. Ritz-Carlton Club amenities include use of the workout facilities, outdoor heated pool and spa. Complimentary in-town and airport transportation available." 2017 taxes: $24,153; HOA Dues: $5,719 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/22/2017; Sold Date: 09/06/2017. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen) Read More

Please click on the email confirmation link sent to you to complete this sign-up.

Thank you for your interest
For the most current Estin Reports on the Aspen Snowmass Real Estate Market
- Monthly, annual, in-between and special reports -
Call 970-309-6163.anytime to discuss specific properties and/or the market.
Your information will never be shared.

caret-down