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Market Activity Week 9, Feb. 23 – Mar 2, 2014 The Estin Report: Feb 2014 Aspen Real Estate Market Snapshot was posted today – the snapshots are released on or about the 1st Monday… Read More

The Estin Report: March and YTD 2015 Aspen Snowmass Real Estate Market Snapshot was released early April 4, 2015 inCurrent Reports The Estin Report: The 4th Quarter and Year 2014 State of the Aspen Real… Read More

This was a busy active week before the President’s Week Holiday begins. All hopes are that we are poised for an even bigger surge this vacation week – falling at the same time as Mardis Gras and Brazil’s Carnivale – and… Read More

The Sept 2016 YTD Aspen Snowmass Real Estate Market Snapshot was posted on Mon Oct 3rd in Current Reports.The Monthly Snapshots… Read More

June 10 – 17, 2018 Estin Report: Last Week’s Aspen CO Homes for Sale and Snowmass Real Estate Sales & Stats: Closed (9) + Under Contract / Pending (7) May 2018 Aspen Real Estate Market… Read More

Vacant land is selling ! But …what does this mean? Earlier in the year, no one could get financing for land, vacant lot purchases, but suddenly this week, there are (3) lot closings and another is under contract. I don’t believe this “surge” has to do with easier money;… Read More

The Estin Report: Nov 2015 Aspen Snowmass Real Estate Market Snapshot wasposted 12/04/15 inCurrent Reports.The Snapshots are released on or near the 1st Monday of the month. Read More

Aspen Real Estate Market  Last Week’s Sales: Jan 09 – Jan 16, 22 – Week 2 The Estin Report – Aspen Snowmass Real Estate Market Report – was posted online 01/16/22 for 2nd Half & Full Year… Read More

In Apr 2025, there were (4) off market Aspen sales at extraordinary prices:  (3) were over $50M and (1) was  $33M. (Click table image to enlarge.) While these sales "before the MLS"  do not get factored into average and median MLS sold price metrics, they are considered as markers and they do affect an upward price momentum in the market - at least for high-end, ultra luxury properties.
Given the general “uncertainty” prevalent in financial markets, and the media reporting of real estate sales falling through across the country, these sales deserve attention supporting the uniqueness and strength of our marketplace. Perhaps testament to hard assets, specifically Aspen real estate, gaining traction, confidence, over paper.
Property specific notes:
>270 Heather Ln Sells Before MLS at $53.3M/$7,517 SF
Built 2021, 6 Bdrm/7.5 Ba  on one level on 1-acre bordering open space in the Meadowood Subdivision and walkable to Aspen District Schools.
>400 & 410 Lake Ave, premier West End location and street address, Lake Ave, with main and guest houses :  5,795 sf +1,708 sf = 7,503 sf
Lot size: 28,049 + 6,007 = 34,056 sf
These April sales reinforce what I wrote in early April for my Q1 & Mar 2025 Bottom Line: https://www.estinaspen.com/real-estate-market/q1-mar-2025-aspen-snowmass-real-estate-report/
"March was exceedingly strong with some very high-end sales in both Aspen and Snowmass Village. There were record price per sq ft sales in Aspen and record sale prices in SMV. The trend has been upwards as sold price per sq ft in the $5,000—$7,000 sf range becomes more frequent and “normalized’. The price pull continues upward. Whereas these sales used to be considered ‘outliers’ a year ago, their increasing frequency makes it more difficult to separate out, and they become a part of the overall pricing mix. In the past year, there have been (7) legit home sales in the $6-7,000 sold price per sf range. (This is excluding older homes purchases where at least 80%+ of the value is in the land.) Hence, prices are rising.
Reasons?
1.  Aspen inventory of properties for sale remains at historically low levels;
2)  Sales of new built single family homes are ‘pulling’ all home prices upwards
3)  An increasingly restrictive land use code
4)  The time to plan, design, build a new Aspen home is easily 4-5 years. In Snowmass Village, the construction  “climate” is somewhat more relaxed,  and likely to be  less time onerous, but still 3-4 yrs.
5) Rising construction costs and labor competition
6) Escalating land costs and few quality choices, driving A+ locations stratospheric and the rest follow…"
Aspen Real Estate Market  Last Week's Sales: April 27 - May 4, 25 - Week 18 Read More

Aspen Real Estate Market  Last Week's Sales: June 22 - June 29, 25 - Week 26 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 released… Read More

Two properties went under contract this week. The first property highlights a very motivated situation and is priced extremely well; the second confirms the fact that a buyer(s) will step up for brand new product, especially this stunning new contemporary townhome in the center of Aspen, a five star location: In both these circumstances, quality, superb location and actual comparative value are the key reasons the properties are under contract. Read More