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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

1) Thoughts on the Aspen market: A recent Question & Answer exchange last week with a prospective client provides a useful reflection of buyer sentiment and my thinking about where we stand mid-summer 2010. Uncertainty and opportunity Q: Tim, After spending more time in Aspen, I… Read More

The Nov 2016 YTD Aspen Snowmass Real Estate Market Snapshot will be posted late Tues Dec 13th. The Oct 2016 Snapshot was posted on Mon Nov 7th in… Read More

By Tim Estin mba, gri  | Mason Morse Real Estate, Aspen |  970.920.7387 office Oct 28, 2008 (Updated from the original article, Mountain Business Journal, January 2nd, 2007) Immediate Market Highlights: Our market may have slowed but it has not stopped … we are not immune but we are insulated. Here’s what Aspen property is moving now. The overall theme is “ instant gratification” sells Superb, Aspen in-town locations and drop dead new remodels and new construction Trophy purchases, $$ seemingly no object. Realistic priced properties with motivated sellers who understand marketplace conditions and realities. Great perceived ‘value’ buys. Buyers are absolutely more discriminating than ever. West End single family homes: transactions are off -20% YTD, but off -50% from the peak YTD 2006. However, price/sq ft is higher; new product is selling; people want to be in-town, walk to everything. Aspen downtown core sales have plummeted, down 70% YTD, -76% 3Q08 and -61% below the lowest YTD 2004 Snowmass Village (SMV) single family home activity is on the uptick as sellers mark down prices and inventory begins to move. New Snowmass Base Village sales YTD have been off the chart upwards. Unknown: if developers and builders start to capitulate, how will it affect existing home prices and sales? Read More

Dec 17 - 24, 2017 Estin Report: Last Week's Aspen Snowmass Real Estate Sales & Stats: Closed (4) + Under Contract / Pending (10)
New in Charts in Current Reports:
12/23/17: Charts: 2017 Aspen Sales by Neighborhood and Property Type and Downtown Condos Fly High - new charts to be included in my year end 2017 report to be released soon.

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

Tim Estin is an active Aspen real estate broker with Coldwell Banker 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… Read More

1. Released today: The Estin Report: Vacant Land Report 2004 – 2010 YTD (June 18, 2010) (Revised 6/22/10 at 4:30PM. Added a new page 7 with charts comparing 2004 – 2010 YTD Sales Across Asset Classes: single family homes, condos and vacant land .)… Read More

The Aspen/Snowmass condo market is as hot as ever. Read More

Note:The Estin Report will publish 2Q2009 Aspen and Snowmass Village – State of the Real Estate Market (April 1 – June 30, 09) by mid-week of July 6th. For the recently released (6/30/09) Land Title Guarantee Pitkin County Real Estate Market Summary for May ’09, go to the 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

The Estin Report: Sep 2015 Aspen Snowmass Market Snapshot was posted 10/04/15 inCurrent Reports. The Snapshots are released on or near the 1st Monday of the month. 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