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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

The Oct 2016 YTD Aspen Snowmass Real Estate Market Snapshot was posted on Mon Nov 7th in Current Reports.The Monthly Snapshots… Read More

The Estin Report:May and YTD 2016 Aspen Snowmass Real Estate Market Snapshot was released June 7, 2016inCurrent Reports. The Monthly Snapshots are posted on or near the 1st Monday of the month. Excerpt:… Read More

Aspen Real Estate Market  Last Week’s Sales: Sept 26 – Oct 03, 21 – Week 40 Closed (18) and  Under Contract / Pending (20).  [To view the new blog post, you may have to… Read More

The Nov 2016 YTD Aspen Snowmass Real Estate Market Snapshot will be posted late Tues Dec 19th. The Oct 2016 Snapshot was posted on Mon Nov 7th in… Read More

Aspen Real Estate Market  Last Week's Sales: Jan 29 - Feb 5, 23 - Week 5 Read More

Last week’s sales activity appears below. On Dec 2, 13, the November 2013 Aspen Snowmass Market Snapshot was posted in Current Reports. Tim Estin was interviewed by Denver Business Journal for an article on Aspen and mountain… Read More

Aspen Real Estate Market  Last Week's Sales: March 31 - April 7, 24 - Week 14 Read More

The Dec 2016 YTD Snapshot has been postedinCurrent Reports. The Monthly Snapshots are usually posted on or near the 1st Monday of the month. My year end 2016 report… Read More

  Aspen Real Estate Market  Last Week’s Sales: Feb 14 – 21, 21 – Week 8 Closed (6) + Under Contract / Pending (32).  [To view the new blog post, you may have to “Clear your Browser Settings”.  Go to: Chrome browser/more tools/clear browsing data.] … Read More

Aspen Real Estate Market  Last Week's Sales: Nov 2 - 9, 25 - Week 45 Read More

Aspen Real Estate Market  Last Week's Sales: Dec 8 - Dec 15, 24 - Week 50 Read More