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.

Testimonials

Client feedback matters. Below are comments from buyers and sellers I’ve worked with along with perspectives from industry insiders: appraisers, attorneys, bankers, advisors, C-suite and other professionals.     Excerpts “Consummate, professional, perseverance, experienced, outstanding, clients get his best stuff,… Read More

Stunning West Buttermilk New Home Closes at $29M/$2,149 Sq Ft

Sept 10 - 17, 2017 Estin Report: Last Week's Aspen Snowmass Real Estate Sales & Stats: Closed (15) + Under Contract / Pending (9)
The Estin Report: August 2017 Aspen Real Estate Monthly Snapshot has been posted in Current Reports.The Snapshots are usually posted on or near the 1st Monday of the month. 
August 2017 Bottom Line
"The Aspen real estate market is cruising along in overdrive. August is traditionally a very active period for sales, and this August more so than ever. Sales at all prices points are exceedingly strong while inventory of properties for sale is declining significantly. Areas with particular sales velocity are Downtown Aspen, Red Mountain and the West End. Outlying areas are experiencing slower sales at lower prices—there’s value in them hills. There is concern the market is frothy with many asking how long can this last...Who really knows? No one..." Read more 
Added to Aug 2017 Snapshot Summary:

     Deep Dive: Sales by Location (Pgs 7 & 9 of Snapshot)

          - Aspen: Sales by Neighborhoods
            - Snowmass Village: Sales by Neighborhoods
The Estin Report: Mid-Year 2017 State of Aspen Real Estate
was released in the summer 2017 in Current Reports. The 32-Page report is available on-line as PDF and in a print edition in kiosks at the airport, the info booth across from Paradise Bakery town and at Sothebys offices at 415 E Hyman in the Mall and 300 S Spring opposite the Art Museum.
"Flip Job" Examples: See recent Before/After Redevelopment in 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 (07/4/17) as additional re-sale properties come on the market at significantly higher prices.
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Market Activity Week 38, Sept 10 - 17, 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 (15):  MLS#s 142056, 141555, 121911, 142778, 145224, 145352, 146167, 147465, 149206, 149672, 149780, 150366, 150625, 150815, 150860. This link is valid until 10/17/2017.

Under Contract/Pending (9): MLS#s 143793, 144934, 144942, 145236, 148846, 149874, 150188, 150394, 150710. This link is valid until 10/17/2017.

Aspen Snowmass Solds Last Week:  
MLS #121911 - West Buttermilk, West Aspen, 2800 W Buttermilk Road, Aspen, CO. Sold Price: $29,000,000/$2,149 sq ft; furnished. More details below photos.
        
MLS #121911 - West Buttermilk, West Aspen, 2800 W Buttermilk Road, Aspen, CO. Sold Price: $29,000,000/$2,149 sq ft; furnished. Aspen single family home for sale. Ask Price: $44,000,000. (Original Price: $29,500,000 and 2,178 days on the market since 07/01/2011. As construction progressed, the price was raised to $46M on 8/24/14) This is a 2016 built, 8 bedroom/9 bath/2 half-bath, 13,491 sq ft single family home with 4+ car garage on a 44.6 acres lot. The press has reported that the buyer is Lachlan Murdoch, the 46-year-old son of Rupert Murdoch. He is co-chairman of News Corp, which owns Dow Jones & Co., publisher of The Wall Street Journal and executive chairman of 21st Century Fox. Broker comments are "Just completed...Nestled high on Buttermilk Mountain in a grove of Aspen trees, Mopani Estate is a 44.6-acre equestrian property representing a rare and very special opportunity to enjoy unobstructed and expansive views of Red Mountain, the city of Aspen, the Continental Divide and Mt. Sopris. A picturesque 1,800 ft. long driveway connects the 13,500 sq. ft. mountain contemporary main residence with the two bed/two bath caretaker dwelling unit (CDU) or guest house and the large stable at this private family compound. The main residence is built with exquisite finishes and exacting attention to detail. Features include Boffi cabinetry and stone countertops from Italy, perfectly “matchbook” stone fireplaces, a glass 11-foot-tall pivoting front door, custom made chandeliers, cedar wood ceilings, and wide plank walnut floors. The home boasts six bedrooms, six full baths and two half baths, two gracious master suites and sitting rooms, wine cellar, exercise and spa rooms, media room, three car garage, multiple decks and patios, and beautiful outdoor spaces which include a fire pit and a waterfall. The property is also permitted for a tennis court. An open floor plan offers the perfect backdrop for indoor/outdoor entertaining and for displaying a significant art collection." 2016 taxes: $68,596. Under Contract Date: 09/11/2017; Sold Date: 09/14/2017. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Durant) Read More

845 Roaring Fork Road on Half Acre Closes at $11.6M/$3,608 sq ft.

Oct 8 - 15, 2017 Estin Report: Last Week's Aspen Snowmass Real Estate Sales & Stats: Closed (10) + Under Contract / Pending (9)
The Estin Report: Sep 2017 Aspen Real Estate Monthly Snapshot has been posted in Current Reports.The Snapshots are usually posted on or near the 1st Monday of the month. 

Sep 2017 Bottom Line
"We are on a remarkably similar path to 2015, the biggest year since the Great Recession.
- Through Sep 2017 YTD, total Aspen and SMV combined dollar sales have exceeded Sep 2015 YTD by 4.3%, $1.165B vs $1.117B.
- Unit sales are also similar: (327) in 2017 YTD vs (331) in 2015 YTD.
- And luxury sales of properties over $10M are tracking 2015: there have been (21) in 2017 YTD vs (23) in 2015 YTD.

Listing Inventory for..." Read more 

Added to Sep 2017 Snapshot Summary:

     Deep Dive: Sales by Location (Pgs 7 & 9 of Snapshot)

            - Aspen: Sales by Neighborhoods
            - Snowmass Village: Sales by Neighborhoods
The Estin Report: Mid-Year 2017 State of Aspen Real Estate
was released in the summer 2017 in Current Reports. The 32-Page report is available on-line as PDF and in a print edition in kiosks at the airport, the info booth across from Paradise Bakery town and at Sothebys offices at 415 E Hyman in the Mall and 300 S Spring opposite the Art Museum.
"Flip Job" Examples: See recent Before/After Redevelopment in 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 (07/4/17) as additional re-sale properties come on the market at significantly higher prices.
__________________________
Market Activity Week 42, Oct 8 - 15, 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 (11):  MLS#s 151220, 142830, 143847, 144011, 144413, 148870, 149766, 150149, 150295, 150394, 150402. This link is valid until 11/14/2017.

Under Contract/Pending (6): MLS#s 144099, 145025, 147458, 147936, 151040, 151134. This link is valid until 11/14/2017.

Aspen Snowmass Solds Last Week:  
MLS #151220 - Second Aspen Company Subdivision, West End, 845 Roaring Fork Road, Aspen, CO. Sold Price: $11,600,000/$3,608 sq ft. More details below photo.
NO PHOTO AT PRESENT
MLS #151220 - Second Aspen Company, West End, 845 Roaring Fork Road, Aspen, CO. Sold Price: $11,600,000/$3,608 sq ft. Aspen single family home for sale. Ask Price: $11,600,000. This is a 1977 built/2010 remodeled, 5 bedroom/4 bath/1 half-bath, 3,215 sq ft single family home with 2 car garage on a 26,942 sq ft lot. There was another neighborhood sale (posted in the July 16 - 23, 2017 blog) at 805 Roaring Fork Rd  a 1983 built and 1997 remodeled, 4 bedroom/3 bath/1 half-bath, 4,170 sq ft single family home with 2 car garage on a 19,729 sq ft lot (almost 1/2 acre). The Roaring Fork Rd neighborhood is a well-known cul de sac of approximately (22) properties largely held by two prominent families. Broker comments are "Sold before MLS." 2016 taxes: $12,912. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/07/2017; Sold Date: 10/03/2017. (Photos and broker comments courtesy of Compass)
MLS #144413 - Hallam Addition, West End, 625 Gillespie Street, Aspen, CO. Sold Price: $6,250,000/$1,298 sq ft; unfurnished. More details below photos.
        
MLS #144413 - Hallam Addition, West End, 625 Gillespie Street, Aspen, CO. Sold Price: $6,250,000/$1,298 sq ft; unfurnished. Aspen single family home for sale. Ask Price: $6,995,000. (Original Price: $7,500,000 and on the market since 11/19/14.) This is a 2007 built, 4 bedroom/4 bath/2 half-bath, 4,813 sq ft single family home with 2 car garage on a 4,890 sq ft lot. The property has been on the market for almost 3 years and was a difficult sell. Reasons? While neighborhood is one of the best, the house layout is awkward and the design uniquely challenging. The ground floor entry level contains awkward miscelaneous rooms without much defintition (e.g. is it a library or a living room adjacent to the front door? There's an outdoor screened in dining patio on the ground level but the kitchen is upstairs.)  and the sub-grade bedroom spaces are chopped up and almost undefinable (publisher comments). Broker comments are "Just steps from the Aspen Institute and the Music Tent, this home exemplifies what West End living is all about. Nestled in this highly desirable neighborhood, downtown is just a leisurely stroll or bike ride away. Complemented by the location is an inviting contemporary home boasting elegant style, clean lines, generous windows, quality finishes and views toward Aspen and Red Mountain. Three levels accessed by elevator or stairs open into a great room, well-appointed kitchen and master on the upper level, while the entry level provides family room space, an office, guest master suite and screened seasonal patio. The lower level offers two additional bedroom suites, media room with wet bar, wine room, and exercise room. A detached two car garage is easily accessible by snow-melted walkway and offers plenty of storage space and a dog wash. Bring your imagination and ideas to make this home the perfect Aspen retreat. Unfurnished and in "like new" condition." 2015 taxes: $16,574. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/14/2017; Sold Date: 10/12/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby's International Realty-Hyman Mall) Read More

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