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.

Strong October Real Estate Sales Boost Year End Prospects, ABJ

ASPEN REAL ESTATE - Tim Estin, a real estate agent with Coldwell Banker Mason Morse who releases regular market updates, reported a surge of single-family home sales in Aspen in October. With 15 in October 2012 and six the same month the prior year, this October had the highest number of single-family home sales in four years.And although November was off in terms of dollar volume, according to Estin, December is poised to be a big month with 25 pending listings expected to close by year’s end, with a total worth of $103 million. Three of the properties are the kind of high-dollar sales that dominated 2011—ranging from $14.75 million to $23.5 million. Closings in December 2011 accounted for $51 million, according to Estin, allowing that year to end with a whimper and almost even with 2010. Estin anticipates that 2012 dollar volume from upper valley sales will be close to 2011, about $50 million to $100 million less. By Catherine Lutz, Dec. 10, 2012 ABJ The Estin Report: November 2012 Aspen Market Snapshot Read More

Last Week, Snowmass Village Only Real Estate Closings While Aspen Sales Are Quiet

Dec 10 - 17, 2017 Estin Report: Last Week's Aspen Snowmass Real Estate Sales & Stats: Closed (5) + Under Contract / Pending (12)
New in Current Reports 11/20/17: Where are we now? Chart Series: 2006 – Q3 2017 Historic Pace of Aspen and Snowmass Village Dollar and Unit Sales (updated every quarter).

    

Clients often ask, “Where are we now compared to the Great Recession…?”. My interest in creating this series of charts is to answer that question for myself and to offer a visual reference for that conversation – to compare Aspen and Snowmass Village sales activity now to pre-recession mid-2000’s levels...Read more

Estin Report: Nov. 2017 Aspen Snowmass Market Snapshot was posted on Dec 6th in Current Reports.
Nov 2017 Bottom Line
Nov 2017 continues the strong performance we’ve experienced throughout the year. We are close to beating the record year 2015.
Standout categories for the month of November are:
1) Aspen condo sales up 31% YTD while inventory of available listings is off -29%. In the 3-mos sales period from Sep-Nov 17, the avg condo/townhome sold at $1,731 sq ft over $1,346 in the same period Nov 2016, +29%.2) Value outside Aspen Core: an example of excellent values away from the Aspen Core, Starwood had (3) sales Sep-Nov 17 at an avg $610 sq ft vs $830 sq ft same period a year ago, -26%.  The caveat: these sales were for older homes selling essentially at lot value, but for reference, compare this to the avg. (3) downtown SF home sale at $2,227 sq ft in the same period.
3) Snowmass Village values: SMV has been very active in Nov 17 with (16) sales vs (7) last year, +129%; dollar sales even better – $29.7M vs $6.9M, +331%. Of (4) Ridge Run SFH sales Sep-Nov 17, the avg sale was $635 sq ft vs $1,095 same period last year. SMV opportunities continue…in general, prices are similar, if not down incrementally, from last year. Read More

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