Aspen Real Estate Market Last Week’s Sales: Dec 22 – 29, 19 – Week 51 Estin Report: Last Week’s Aspen CO Homes for Sale and Snowmass Real Estate Sales & Stats: Closed (5) + Under Contract / Pending (3). [To view the new blog post, you may have… 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
The Estin Report Aspen Snowmass Real Estate Weekly Sales and Statistics, Closed (2) and Under Contract (6): Jan. 30 – Feb. 6, 11
Aspen broker Tim Estin’s blog, AspenRealEstateBlog.com, is released Monday mornings and sometimes in-between. The Estin Reports are released quarterly, annually and also special reports. For blog archives, scroll down to bottom of this page and search by date or topic. Follow… Read More
Aspen Snowmass Real Estate Weekly Market Update Closed (4) and Under Contract (1): Dec 25, 2011 – Jan 01, 2012
Scroll down page for prior week’s market activity. If you like this site, please click the “Like” button above. THE ESTIN REPORT: STATE OF THE ASPEN MARKET 2011 YEAR AND 4TH QUARTER IS IN PROCESS AND WILL BE RELEASED SOON. See draft chart:… Read More
The Estin Report Aspen Snowmass Real Estate Weekly Market Update: (5) Closed and (3) Under Contract and Vacant Land Report 2004 – 2010 YTD: June 13 – 20, 10
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
Jan 4 – 11, 2015 Estin Report: Last Week’s Aspen Snowmass Real Estate Sales & Stats: Closed (8) + Under Contract / Pending (14)
2014 was the Best Year Since 2007. The Estin Report: 2014 year end summary of Aspen and Snowmass sales performance stats with charts and tables was posted 12.26.14 in Current Reports. Read More
May 7 – 14, 2017 Estin Report: Last Week’s Aspen Snowmass Real Estate Sales & Stats: Closed (17) + Under Contract / Pending (3)
This is the 503th weekly blog post on the Estin Report !! Check out the SearchEstinAspen Section to find all kinds of hidden treasures. Over ten years have gone into building this archive.
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. The Q1 2017 & 2016 Year End report will be released this week, I hope, as will Q4 2016 stats.
An article appeared in the Denver Post Sunday Feb 26th on Colorado Mountain resort real estate including Aspen and Pitkin County.
Bottom Line: Estin Report: Apr 2017 Aspen Real Estate Market Snapshot Excerpt:
"Aspen real estate is in turn-a-round mode from a dismal 2016 when global uncertainty curtailed buyers' appetite for luxury high end 2nd home purchases. Post-election 2016, an upper-end Aspen real estate recovery is in full bloom.
In April 2017, for the combined Aspen/Snowmass Village market, the number of units sold is up +25%, from 28 last year to 35 this year. The number of properties that went under contract in April 2017 was 30 versus 25 last year. Under contracts are viewed as an indicator of future activity.
But the surging market activity grabbing local headlines is very specific: location specific, property specific, style/design specific, property age specific..
. There’s inside the roundabout and there’s outside. Not everyone’s partying at present.
If you want to pay through your teeth, pour money into developer’s pockets who saw these things coming 2-4 years ago, be a part of the great migration closer into town... If you want to find good-to-great values and motivated sellers in to-die-for stunningly beautiful settings 5-15 minutes beyond downtown Aspen, play the contrarian hand and rediscover and embrace the areas and neighborhoods the Aspen settler generation of the 1960's through the 1980’s came to Aspen for...""
Click tables to enlarge
New Charts Below: Historic Pace of Aspen and Snowmass Village Homes, Condos and Vacant Land / Lots by Dollar Sales and Unit Sales Updated with Q1 2017. (These charts are very popular and will be updated every quarter):
These new charts were originally posted in Current Reports on 02/15/17 through Q4 2016. They have been updated with Q1 2017 stats. The charts are: the historic pace of dollar and unit sales since 2006 separately for Aspen and Snowmass Village (SMV) by property types: 1) all properties combined; 2) single family homes; 3) condos; 4) vacant land / lots. (Fractionals, with the exception of extreme sales, are not included.)
Sales velocity, or pace, whether by dollar volume or unit sales is extremely useful to consider ss the unit sales drop-off in the 2nd Half 2007 so foreshadowed the Great Recession.
While many real estate professionals use dollar volume sales as the single metric for sales performance (it often looks 'better'), unit sales are a more reliable measure of market activity. Dollar sales can be skewed disproportionately by extreme high or low end priced sales.
Clients often ask, "Where are we now compared to the Great Recession...?". These charts offer a solid reference for that conversation. In this instance, the starting point for the trend line is 2006, but, of course, where the trend line commences will affect its outcome...If the charts had started at 2009, the trend would be more upwards at present than is shown here.
As this is written, post-election Nov 2016 through Mar 31, 2017(see charts through Q1 2017), sales have picked up considerably and are decidedly on an upward trajectory.
Click link to see additional charts
for Aspen and SMV by property types thru Mar 31, 2017 (Q1).
"Flip Job" Examples: See recent Before/After redevelopment in the new 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 (01/04/17) as additional re-sale properties come on the market at significantly higher prices.
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Market Activity Week 19, May 7 - 14, 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 (17): MLS#s 140596, 139928, 142816, 143563, 144465, 145358, 146782, 146868, 147156, 147516, 147759, 147952, 148030, 148208, 148823, 148869, 148914. This link is valid until 6/13/2017.
Under Contract/Pending (3): MLS#s 141963, 145603, 147239. This link is valid until 6/13/2017.
Aspen Snowmass Solds Last Week:
MLS #147516 - West End, 815 Roaring Fork Road, Aspen, CO. Sold Price: $10,500,000/$1,883 sq ft; unfurnished. More details below photos.
MLS #147516 - West End, 815 Roaring Fork Road, Aspen, CO. Sold Price: $10,500,000/$1,883 sq ft; unfurnished. Aspen single family residence for sale. Ask Price: $10,950,000. (Original Price: $10,950,000 and 92 days on the market since 02/07/2017.) This is a 2004 built, 4 bedroom/4 bath/2 half-bath, 5,574 sq ft single family residence with 2 car garage on a 18,849 sq ft lot. Broker comments are "A rare offering on Roaring Fork Road - where one finds the largest parcels in the West End. This 18,849 sq.ft lot features a 5,574 sq.ft home re-built in 2004. The zoning allows for 4,728 sq.ft above grade for a single-family home or 5,148 sq.ft for a duplex. All sub-grade space is exempt and is in addition to the above grade calculations. Outdoor entertaining spaces include the large at-grade terrace in the backyard to the 2 upper-level terraces that offer stunning views of Aspen Mountain. Enjoy the Aspen lifestyle from this property’s close proximity to the Aspen Music Festival & School’s Harris Concert Hall, Benedict Music Tent, the Aspen Institute campus to the trails accessing the Rio Grande Trail or the shuttle to the center of town." 2016 taxes: $23,557. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/09/2017; Sold Date: 05/10/2017. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen) Read More
Market Activity – (3) Under Contracts and (2) New Listings of Note: Jan 25 – Feb 2, 2009
Link to (5) listings discussed here. No closings this past week, but (3) properties were put Under Contract. They are:1) MLS 107945 - 523 W. Bleeker, priced at $5.75M, 4 Bdrm/3 Ba, 2,781 sq ft,totally 2005 redone West End small Victorian. Charming and contemporary interior.. On market 226 days.2) MLS 99384 - 149 Larkspur Ln in Meadowood. $5.75M or $804 per sq ft for brand new construction. This has been a well-known highly motivated developer situation since last summer.5 Bdrm/6+Ba.3) MLS 108312 Snowmass Base Village, new Capitol Peak Lodge condo, priced at $2.775M, 3Bdr,/3Ba (2) New listings of note: Read More
The Estin Report Aspen Snowmass Real Estate Weekly Market Activity: (2) Closed and (3) Under Contract/Pending and “Paper is Moving”: March 29 – April 5, 2009
The Estin Report: 1Q09 State of Aspen Real Estate Market; will be posted sometime this week. Last week, (3) properties went under contract and there were just (2) closings. But anecdotally, there has been a noticeable increase in deal-making. Paper may not be “flying” as the saying was… Read More
825 & 837 W Smuggler Sell to Same Buyer at $7.625M/Avg $1,965 sq ft Each, Unfurn
825 W Smugger above and 837 W Smuggler below sold to the same buyer family. (Photos courtesy of Aspen Snowmass Sotheby’s International Realty.) Aspen Real Estate Market Last Week’s Sales: Feb 21- 28, 21 – Week 9 Closed (12) + Under… Read More
Aspen Real Estate Market Weekly 550 Aspen Alps Rd – The House on Little Nell – Sells for $30.945M/$4,327 SF Furn
Aspen’s premier ski house sells for highest price per sq ft in 2021. Launch pad to Little Nell Ski Trail and Aspen Mtn Gondola. Aspen Real Estate Market Last Week’s Sales: Nov 28 – Dec 05, 21… Read More
Old Snowmass Modern Ranch Home on 75 Acres in Sells for $19.2M/$3,313 SF Part Furn
Aspen Real Estate Market Last Week's Sales: Oct 17 - 24, 22 - Week 42 Read More