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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… Read More

Published by Merrill Lynch Private Banking and Investment Group, Oct. 25, 2012 An exclusive city-by-city analysis of the high-end residential real estate market suggests that those waiting for a meaningful recovery to set in need wait no longer. Click for Report pdf Resort Report Mixed Excerpt: Venerable high-end resort towns, while too small to be included in Merrill Lynch's survey of Zillow data, share the same long-term appeal of properties in Manhattan or San Francisco: a natural supply limit. As Michael Feder, president and CEO of research and analysis firm Radar Logic Inc., puts it, "They aren't making new oceanfront property in the Hamptons anymore." That's not to say such areas weren't hit hard during the crisis. "Prices in Aspen, Colo., dropped 25% to 40% after 2008", says Tim Estin, a broker at Coldwell Banker Mason Morse Real Estate in Aspen, Colo., and the publisher of The Estin Report, a monthly and quarterly analysis of the Aspen/Snowmass home market. Since then, the recovery has been a bit all over the map, Estin says. The total amount of money spent on Aspen homes surged 20% year over year in 2011, then retreated 37% year over year in the first half of 2012, then surged 55% this past summer. A lot of this has to do with the degree to which a very few number of very expensive homes can skew the market in an area like Aspen. For example, through the first half of 2011, 12 properties sold for more than $10 million, whereas during the same period this year, there were just five transactions of that magnitude. But perhaps a more telling statistic is the total number of units sold. That number — which was up 26% for the summer of 2012 vs. the summer of 2011 — suggests to Estin that while some high-end buyers may still be putting their vacation dreams on hold amid lingering uncertainties about the economy, more are recognizing that now may represent "an unprecedented opportunity" to acquire properties at prices not seen in nearly a decade. Read More

The Estin Report: Q1 2017 & 2016 Year: State of the Aspen and Snowmass Village Real Estate Market has just been released in Current Reports. The 30-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 in about two weeks.

Starting with this week's blog, I'll be adding a "Read more" link underneath the first of last week's sold properties displayed below. This will improve site performance.

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.

"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 (05/17/17) as additional re-sale properties come on the market at significantly higher prices.
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Market Activity Week 21, May 21 - 28, 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 (9):  MLS#s 141963, 142401, 142777, 144426, 145834, 146951, 147352, 147902, 148384. This link is valid until 6/27/2017.

Under Contract/Pending (7): MLS#s 142982, 139662, 141344, 146585, 147155, 147674, 149019. This link is valid until 6/27/2017.

Aspen Snowmass Solds Last Week:  

MLS #148384 - Red Mountain, 120 Red Mountain Road, Aspen, CO. Sold Price: $9,600,000/$2,210 sq ft; furnished. More details below photos.
        
MLS #148384 - Red Mountain, 120 Red Mountain Road, Aspen, CO. Sold Price: $9,600,000/$2,210 sq ft; furnished. Aspen single family residence for sale. Ask Price: $9,925,000. (Original Price: $9,925,000 and 88 days on the market since 02/23/2017. The sellers paid $8.16M on 02/26/16.) This is a 1968 built and 2016 remodeled, 4 bedroom/5 bath/1 half-bath, 4,342 sq ft single family residence with 2 car garage on a 30,672 sq ft lot. This is a 1960's ski house turned into a 2016 retro cool like-new home. Broker comments are "Located at the base of Red Mountain, this fashionable four bedroom, five and one half bath luxury home just underwent a complete remodel. Featuring open living area with vaulted ceilings, gas fireplace and spectacular views extending out to a spacious deck. State of the art kitchen with stainless steel appliances and adjoining dining area with seating for eight and a cozy wood-burning fireplace. Extensive master suite with office, sitting area, gas fireplace, walk-in closet and master bath with his and hers vanities, steam shower and soaking tub. Amazing extras include a media room, hot tub overlooking Hunter Creek, an expansive mud room with storage and a two car garage." 2016 taxes: $12,926. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/05/2017; Sold Date: 05/22/2017. (Photos and broker comments courtesy of Whitman Fine Properties) Read More

Aspen Real Estate Market  Last Week’s Sales:  Jul 25 – Aug 1, 21 – Week 31 Closed (14) and  Under Contract / Pending (32).  [To view the new blog post, you may… Read More

Oct 7 – 14, 2018 Estin Report: Last Week’s Aspen CO Homes for Sale and Snowmass Real Estate Sales & Stats: Closed (13) + Under Contract / Pending (8). Updated Pace of Sales Charts Q1… Read More

Tim Estin is an active Aspen real estate broker with Mason Morse located in the center of Aspen. This blog, www.AspenRealEstateBlog.com or Tim Estin’s blog, is released Monday mornings and sometimes in-between. The Estin Reports are… Read More

July 22 – 29, 2018 Estin Report: Last Week’s Aspen CO Homes for Sale and Snowmass Real Estate Sales & Stats: Closed (7) + Under Contract / Pending (11) Just released Bi-Annual – Estin Report: Aspen… Read More

Aspen Real Estate Market  Last Week's Sales: March 23 - 30, 25 - Week 13 Read More

Last Week’s Aspen and Snowmass Market Activity: Last week’s real estate sales activity appears below for the upper Roaring Fork Valley for all property types over $250,000 excluding fractionals in Aspen, Snowmass Village, Woody Creek and Old Snowmass (although Residences at Little Nell and Dancing Bear are included due… Read More

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

Aspen Real Estate Market  Last Week’s Sales: Feb 06 – 14, 22 – Weekly 6 The Estin Report – Aspen Snowmass Real Estate Market Report – was posted online 01/16/22 for 2nd Half & Full Year 2021 … Read More