Tim Estin is an active Aspen real estate broker with Mason Morse located in the center of Aspen. This blog, www.AspenRealEstateBlog.com or Tim Estin’s blog, is released Monday mornings and sometimes in-between. The Estin Reports are released quarterly, annually and also special reports. For blog archives, scroll to bottom of this page and search by date or topic. Or search this site in SearchEstinAspen.com on the menu bar. If it’s about Aspen real estate, chances are there’s something about it here. Follow @EstinAspen on twitter for Aspen Snowmass real estate news, market updates, statistics, commentary and reports or subscribe to RSS feeds with the button on the left.

Recent market articles:

“Sales of Colorado Mountain Resort Homes in July Lowest in Years”, 09/09/11 Business Section, Denver Post
“Mega-mansion Deals Spur Rebound in Aspen Market”, 07/17/11 Sunday Business, Grand Junction Sentinel

The Estin Report: 1st Half 2011 State of the Aspen Market (released 07/14/11)

Last Week’s Market Highlights – Aspen Snowmass Real Estate Sales and Under Contract Activity: Last week’s real estate sold and under contract activity appears below for the upper Roaring Fork Valley for all property types over $250,000 in Aspen, Snowmass Village, Woody Creek and Old Snowmass excluding fractionals. Because the MLS links below expire after 30 days, photos and written descriptions of closed properties with excellent photography are posted here to preserve an archive of sold market activity. For past sales, scroll to page bottom and search by time period.

Under Contract / Pending (7): MLS #119387, 114962, 118801, 117046, 122164, 115609, 107704. This link is valid for 30 days until 10/10/2011.

Closed (5): MLS # 118982, 122641, 120009, 122171, 116098. This link is valid for 30 days until 10/10/2011.

Select Two Closed Aspen Properties Last Week

MLS #116098 – Old Snowmass creekside home, 201 Capitol Creek Road Snowmass, CO: Sold Price: $1,495,000/$714 sq ft unfurnished

MLS #116098 – Old Snowmass creekside home, 201 Capitol Creek Road Snowmass, CO: Sold Price: $1,495,000/$714 sq ft unfurnished ; Ask Price: $1,695,000/$810 sq ft. (Original Price:$2,495,000 and 1,377 days on the market since 05/17/07.) This is a 2004 built, 3 bedroom/3 bath, 2,093 sq ft home on 1.27 acres. The broker’s comments are, “Enjoy the serenity of creek-side living in this exquisite custom cabin. This home is cozy for a couple or roomy enough for the family, with three bedrooms and three private baths. The home features a chef’s dream kitchen, with custom cabinets, top of the line appliances, maple block and stainless steel counter tops. The great room features an impressive 25 foot ceiling with reclaimed beams and a gorgeous field stone fireplace. Relax on the covered outdoor porch with gas-assist wood burning fireplace for entertaining while enjoying the sights and sounds of Capitol Creek on the edge of your landscaped yard. Sale includes plans recently approved by Pitkin County for an attached two car garage with a one bedroom suite above that adds great value to this outstanding property.” 2009 Taxes: $8,504 Yr. Under Contract Date: 08/02/11; Sold Date: 09/06/11. (Photos and description courtesy of Mason Morse Real Estate – Aspen.)

MLS #118982 – 44155 Highway 82 Aspen, CO: Sold Price: $4,475,000/$812 sq ft unfurnished

MLS #118982 – 44155 Highway 82 Aspen, CO: Sold Price: $43,475,000/$812 sq ft unfurnished; Ask Price: $4,995,000/$958 sq ft. (Original Price and 414 days on the market since 09/15/09.) This is a 1987 built/2009 remodeled, 5212 sq ft, 5 bedroom/5 bath, east Aspen home with 2-car garage on 2 acres. The broker’s comments are, “Set on an extraordinary two acres overlooking the Northstar Nature Preserve, the charming & beautifully decorated home encompasses 5,212 square feet while the spacious patios & wraparound decks are perfect for entertaining and fabulous for outdoor living. Features include 5 bedrooms, 5 baths, main floor master suite, remodeled media room, Rumford wood-burning fireplace, two car garage, no sub-grade space, stacked stone exterior, and gorgeous landscaping. Enjoy sweeping views of open space & forest land on the private & quiet east side of Aspen. Expansion potential with TDR’s. Furniture available for separate purchase.” 2010 Taxes: $11,767 Yr; Under Contract Date: 08/02/11; Sold Date: 09/06/11. (Photos and description courtesy of Morris & Fyrwald, Sotheby’s Intl Realty.)

Tim Estin welcomes your business, inquiries and comments. Email him or call 970.920.7387. Subscribe to The Estin Report and Tim Estin’s AspenRealEstateBlog.com on twitter @EstinAspen by clicking “Join the conversation” button below or click subscribe button in the menu bar on left:

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Disclaimer: The statements made in The Estin Report and on Tim Estin’s blog represent the opinions of the author and should not be relied upon exclusively to make real estate decisions. A potential buyer and/or seller is advised to make an independent investigation of the market and of each property before deciding to purchase or to sell. To the extent the statements made herein report facts or conclusions taken from other sources, the information is believed by the author to be reliable, however, the author makes no guarantee concerning the accuracy of the facts and conclusions reported herein. Information concerning particular real estate opportunities can be requested from Tim Estin at 970.920.7387 or by email. The Estin Report is copyrighted 2011 and all rights reserved. Use is permitted subject to the following attribution: “The Estin Report: State of the Aspen Real Estate Market, By Tim Estin, mba, gri.”