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.

Low End of Market Sees Prices Rise Nationally But Not in Aspen, ABJ

ASPEN REAL ESTATE - Housing prices across the country may be rising on the lower end, but that trend isnʼt necessarily being felt in the Aspen area. Yet there are indicators emerging that owners who wish to sell properties that are priced below $1 million should find encouraging. “There are positive signs that the market has been scraping along the bottom and the worst is over,” said broker Tim Estin of Coldwell Banker Mason Morse, author of the real estate analysis entitled “The Estin Report.” In a forthcoming letter about Aspen core condo sales, Estin said that in the third quarter of the year, 13 condos priced below $1 million sold as compared to six in that price range between July 1-Sept 30, 2011. However, thereʼs a harsh reality to these statistics: Both average and median prices of properties that topped out at around $1 million dipped by 41 percent and 34 percent respectively. So whatʼs the good news? Well one indicator Estin has noted is, “I donʼt believe prices will further erode.” And another? “Well priced, well located, recently remodeled condos and units representing solid value to buyers are selling - in some cases at a premium.” By Madeleine Osberger, Oct. 8, 2012 ABJ Read More

May 21 – 28, 2017 Estin Report: Last Week’s Aspen Snowmass Real Estate Sales & Stats: Closed (9) + Under Contract / Pending (7)

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

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