Click image for full report and charts. Summary is below. Click image for full report and charts. Summary is below.(v18) About this Report The Estin Report on Aspen Snowmass real… Read More
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.
The Estin Report State of the Aspen Real Estate Market 1st Quarter 2010: April 5, 10
The Estin Report Aspen Snowmass Residential Real Estate 1st Quarter 2010 versus 1st Quarter 2009 Jan 1 – March 31, 2010 (See: 1Q 2010 Summary Chart) By Tim Estin mba, gri / Broker Associate,Mason Morse RE Contact: 970.309.6163 –… Read More
“Looking Up at Last” – Merrill Lynch Wealth Mgmt Luxury Home Report
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
Aspen Real Estate as a Safe Harbor
In last week’s column (Dec 21-26th), I focused on major demographic and socio-economic trends Read More
The Estin Report Aspen Snowmass Real Estate Weekly Market Update Closed (8) and Under Contract (5): Nov. 13 – Nov. 20, 2011
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
The Estin Report © – Aspen as a Safe Harbor
By Tim Estin mba, gri / Broker Associate / Mason Morse Real Estate Aspen / 970.920.7387 office (excerpted from original article in Mountain Business Journal, Jan. 2nd, 2006) In last week’s column (Dec 21-26th), I focused on major demographic and socio-economic trends strongly favoring continued growth in real estate demand in Aspen and the Roaring Fork Valley. This week, I’d like to make a case – subjective, not entirely quantifiable - for Aspen as ‘safe harbor’, as a relatively safe and prudent arena from a wealth preservation perspective to buy and hold real estate Read More
Mega-mansion Deals Spur Rebound in Aspen Market, GJS
By Dennis Webb, Sun.July 17, 2011, Business Section, Grand Junction Sentinel (the newspaper is subscription based so article is posted here in its entirety) Click article image above for pdf : At $6.5 million, the property on the left was the most expensive townhome sale… Read More
Colorado and Pitkin County Property Taxes Explained
I’ve had clients ask what they can expect for their Pitkin County property taxes given the significant spike in real estate prices in the past three years. I discussed the property tax valuation process with senior appraiser Cheryl Hasselbring at the Pitkin County Assessor’s office in early April… Read More
Insurance Crisis at the Fore – Home Insurance in Ski Towns
(Photo: Aspen Snowmass Sothebys International Realty) Excerpt from soon to be released: Estin Report H2 & YEAR 2023 Aspen Real Estate: On Property Insurance 01.18.24 Home Insurance in the Mountains Obtaining home insurance in the mountain west, in Aspen and Snowmass Village,… Read More
Oct 9 – 16, 2016 Estin Report: Last Week’s Aspen Snowmass Real Estate Sales & Stats: Closed (12) + Under Contract / Pending (9)
The Sept 2016 YTD Aspen Snowmass Real Estate Market Snapshot was posted on Mon Oct 3rd in Current Reports.The Monthly Snapshots… Read More
Oct 2 – 9, 2016 Estin Report: Last Week’s Aspen Snowmass Real Estate Sales & Stats: Closed (6) + Under Contract / Pending (14)
The Sept 2016 YTD Aspen Snowmass Real Estate Market Snapshot was posted on Mon Oct 3rd in Current Reports.The Monthly Snapshots… Read More
Oct 23 – 30, 2016 Estin Report: Last Week’s Aspen Snowmass Real Estate Sales & Stats: Closed (12) + Under Contract / Pending (6)
The Sept 2016 YTD Aspen Snowmass Real Estate Market Snapshot was posted on Mon Oct 3rd in Current Reports.The Monthly Snapshots… Read More