Last weeks sales activity is published below. Scroll down page for photos and details of weekly solds and under contract /pending Aspen properties in the past 4 weeks. For earlier dates, use the down arrow to search the blog archives by year and date. Or use SearchEstinAspen to search by topic, address, subdivision or complex name, date etc. If it’s about Aspen real estate, information should be here.

Released Wed. Jan 16, 2013. Click image for summary and full report pdf in Current Reports

The Estin Report: December 2012 Market Snapshot Aspen Snowmass Real Estate

released Tues. 01/08/13 v5.1

Click image to December 2012 Market Snapshot and Summary

Last Week’s Market Activity Aspen Snowmass real estate weekly sales and under contract activity appears below for all Aspen, Snowmass 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 to preserve an archive of sold market activity.

CommentsLast week the Estin Report released its 4th Quarter and full year State of the Aspen Snowmass Real Estate Market report.

Here are some of the market highlights:

December 2012 was the best performing December in total dollar sales for Aspen and Snowmass Village combined since Dec. 2006; it was also the best single performing month in total dollar and unit sales for Aspen and Snowmass Village combined since Oct. 2007. Capital gains, gift and estate tax changes planned for 2013 likely fueled a number of these transactions before the end of the year and trumped the uncertainty caused by the fiscal cliff debate.

Key differences from a year ago

Total Aspen Snowmass 2012 Sales
– For the year 2012, there were 333 total unit sales, +7% over 2011 with 310 unit sales; 2012 total dollar sales totaled $973MM versus $967MM in 2011, zero percent change.

Single Family Homes
– Dec. 2012 Aspen Snowmass combined single family home sales surged to (15) sales up +114% over Dec. 2011 with (7) home sales.
– Aspen single family home unit sales in Dec. 2012 totaled (12), up +140% over the (5) homes sold in Dec. 2011. For the year 2012, Aspen home unit sales were (102) up +4% over the (98) Aspen homes sold in 2011.

Condos
– Aspen condo unit sales in Dec. 2012 at (11) was up +11% over the (9) sold in Dec. 2011; for the year 2012, Aspen condo unit sales of(104) condos sold was up 11% over the (94) units sold in 2011.

Vacant Land
– Total Aspen Snowmass vacant land sales for 2012 spiked +149% in dollar sales to $84MM from $34M in 2011.
– Total Aspen Snowmass vacant land unit sales rose +41% in 2012 with (31) sales versus (22) in 2011.
– 2012 vacant lot sales at $84M and (31) units sold represents a +224% and +48% gain respectively from 2008 sales when sales totaled $26M and (21) lot sales.
– For perspective: the 2012 vacant land sales in Aspen and Snowmass Village combined at $84M and (31) units sold represents 45% of 2007 peak year lot sales when there were $188M total ldollars spent for (50) lot sales. (See soon to be released: The Estin Report: Q4 2012 and 2012 Year: State of the Aspen Snowmass Real Estate Market).

Under Contract / Pending (11) MLS #: 121252, 123339, 123119, 122638, 122365, 123277, 128231, 128225, 128146, 108416, 122178. This link is valid for 30 days until 02/20/2013. Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate.

Closed (12) MLS #: 126088, 116979, 116819, 121733, 127938, 126988, 126647, 127743, 128283, 128282, 128280, 128281.This link is valid for 30 days until 02/20/2013.

Select Aspen Snowmass Solds Last Week

MLS #126088 – Aspen, West Aspen, West Meadow single family home, 1300 Mountain View Drive, Aspen, CO: Sold Price: $2,575,000/$798 sq. ft. unfurnished. More details below photos.

MLS #126088 – Aspen, West Aspen, West Meadow single family home, 1300 Mountain View Drive, Aspen, CO: Sold Price: $2,575,000/$798 sq. ft. unfurnished; Asking Price: $2,795,000. (Original Price: $2,895,000 and 209 days on the market since 06/21/2012.) This is a 1959 built/2006 remodeled, 4 bedroom/3 bath, 3,225 sq ft single family home with 1 car garage on 0.38 acres. Broker comments are, “Enchanting Aspen home located in awesome neighborhood within easy walking or biking distance to downtown Aspen. Enjoy the quiet setting with mature landscaping and a fenced back yard, perfect for anyone with children or pets. The main floor is enhanced with wood flooring and hand tooled wood beams creating a warm and serene ambiance. A chef’s kitchen with updated cherry cabinets, stainless steel appliances, large pantry, Wolf gas range, large island and French doors opening to a lush back yard with hot tub and deck. Living room has LCD projection system with surround sound, gas fireplace with built-in shelving. Private Master Suite is enhanced by a large walk in closet, washer/dryer, office and upper level deck. Guest suite with private entrance and lovely exterior sitting area.” 2011 Taxes: $6,502; HOA Dues: $100 Yr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 12/21/2012; Sold Date: 01/16/2013. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #116979 – Aspen, Central Core duplex, 1006 E. Hyman Avenue, #A, Aspen, CO: Sold Price: $2,700,000/$1,337 sq. ft. furnished. More details bleow photos.

MLS #116979 – Aspen, Central Core duplex, 1006 E. Hyman Avenue, #A, Aspen, CO: Sold Price: $2,700,000/$1,337 sq. ft. furnished; Asking Price: $2,850,000. (Original Price: $4,250,000 and 2,169 days on the market since 02/08/2007.) This is a 1988 built/2011 remodeled, 3 bedroom/2 bath/1 half bath, 1,880 sq. ft. duplex with 2 car garage. Broker comments are, “Best central core location on a quiet, dead-end street. Corner unit has great views of Aspen Mountain. All bedrooms are above grade. Vaulted ceilings, 2 fireplaces, 2-car garage. 2011 remodel includes new carpet and paint throughout, new flat screen TVs, new wood floor, furniture in living room, new window treatments & new deck furniture. Adjacent Unit B for sale for $3,050,000, or purchase both units for $5,900,000 and create a compound.” 2011 Taxes: $7,419; HOA Dues: TBD; City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 12/06/2012; Sold Date: 01/16/2013. (Photos and broker comments courtesy of Coldwell Banker Mason Morse.)

MLS #116819 – Aspen, West End single family lot, 810 W. Smuggler Street, Aspen, CO: Sold Price: $2,180,000. More details below photos.

MLS #116819 – Aspen, West End single family lot, 810 W. Smuggler Street, Aspen, CO: Sold Price: $2,180,000; Asking Price $2,495,000. (Original Price: $2,695,000 and 958 days on the market since 06/14/2010.) This is a 0.14 acre single family lot located in the West End. The US Forest Service announced in Sept. 2012 that it intends to sell (5) vacant lots across the street from this lot. (See article and SearchEstinAspen for more news on this) Broker comments are, ” Prime for redevelopment, this south-facing lot in the sunny part of the West End near the Music Tent, Aspen Institute, Physics Center, and Aspen Meadows has irrigation ditch, mature cottonwoods, serviceberry, and evergreens to offer privacy. Views of Aspen Highlands, Shadow Mountain, and Red Mountain. Price includes partial plans for a 5,500 sq.ft. 4-BR contemporary house and detached guest house. The existing condominiumized duplex is non-conforming and in poor condition–property is being sold as is. FAR permits single family home of 3,240 sq. ft. Duplex is non-conforming and cannot be expanded beyond existing square footage.” 2011 Taxes: $5,432. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 11/21/2012; Sold Date: 01/15/2013. (Photos and broker comments courtesy of Shane Aspen R.E.)

MLS #126988 – Aspen, Central Core, Riverside condo, 1024 E. Cooper Avenue #6, Aspen, CO: Sold Price: $815,000/$880 sq ft furnished. More details below photos.

MLS #126988 – Aspen, Central Core, Riverside condo, 1024 E. Cooper Avenue #6, Aspen, CO: Sold Price: $815,000/$880 sq ft furnished; Asking Price: $899,000. (Original Price: $899,000 and 144 days on the market since 08/28/2012.) This is a 1970 built/2011 remodeled, 3 bedroom/2 bath, 926 sq ft condo. Broker comments are, “Spacious 2 level condo walk to everything in Aspen. Tastefully decorated, sold furnished with great rental potential. 2 of 3 bedrooms have great views south of Aspen Mountain. One assigned parking spot.” 2011 Taxes: $2,573; HOA Dues: $341 Mo. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 10/19/2012; Sold Date: 01/16/2013. (Photos and broker comments courtesy of Joshua & Co.)

MLS #126647 – Aspen, Central Core, Silverstream condo, 926 E. Durant Street, Unit 4, Aspen, CO: Sold Price: $1,985,000/$1,118 sq ft furnished. More details below photos.

MLS #126647 – Aspen, Central Core, Silverstream condo, 926 E. Durant Street, Unit 4, Aspen, CO: Sold Price: $1,985,000/$1,118 sq ft furnished; Asking Price: $2,300,000. (Original Price: $2,300,000 and 195 days on the market since 07/27/2012.) Beautiful unit, fantastic location. This is a 1998 built, 2 bedroom/2 bath/2 half bath, 1,775 sq ft condo. Broker comments are, “Located just 3 blocks from downtown Aspen, this impeccable 2 bedroom, 2.5 bath Silverstream Townhome has been renovated with the finest contemporary finished.” 2011 Taxes: $5,025; HOA Dues: $8,613 Yr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 12/13/2012; Sold Date: 1/17/2013. (Photos and broker comments courtesy of Joshua & Co.)

MLS #121733 – Snowmass Village, Ridge Run single family home, 63 Baby Doe Lane, Snowmass Village, CO: Sold Price: $3,020,000/$721 sq ft unfurnished. More details below photos.

MLS #121733 – Snowmass Village, Ridge Run single family home, 63 Baby Doe Lane, Snowmass Village, CO: Sold Price: $3,020,000/$721 sq ft unfurnished; Asking Price: $3,690,000. (Original Price: $4,490,000 and 1,015 days on the market since 02/22/2010.) This is a 1981 built, 4 bedroom/5 bath, 4,188 sq ft single family home with 2 car garage on 0.99 acres. Broker comments are, ” ”Snowridge” – without question, one of the most spectacularly-sited homes in all of Snowmass with staggering views of the entire ski area, from Hanging Valley to Sam’s Knob to Mt. Daly. The vistas, enjoyed from virtually every room in this impeccably-maintained home, are mesmerizing in their scale and drama. Add the nearby stream and the charm and spaciousness of this family ski-chalet, and you have a legacy property for the generations. Floorplan includes a loft and family room, in addition to the 4 bedrooms, plus 2 lichenrock woodburning fireplaces and outdoor hot tub. Eddy Out ski access.” 2011 Taxes: $11,683; HOA Dues: $90 Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 12/01/2012; Sold Date: 01/14/2013. (Photos and broker comments courtesy of B.J. Adams & Co.)

MLS #127938 – Snowmass Village, Wood Run single family home, 100 Alpine Lane, Snowmass Village, CO: Sold Price: $2,120,000/$514 sq ft. More details below photos.

MLS #127938 – Snowmass Village, Wood Run single family home, 100 Alpine Lane, Snowmass Village, CO: Sold Price: $2,120,000/$514 sq ft; Asking Price: $2,495,000. (Original Price: $3,895,000 and 962 days on the market since $3,895,000.) This is a 1975 built, 5 bedroom/5 bath/1 half bath, 4,121 sq ft single family home with 2 car garage. Broker comments are, “A well-loved home in woods setting at the end of a private drive. Breathtaking views across Funnel ski trail and the gondola and on down the valley. Huge windows, sunney exposure make this property feel wonderful. Great chef’s kitchen, gnerous master, a family room(5th bdrm), even an artists studio on lower level. Floorplan maximizes privacy. Outdoor spa and gardens. 2 car garage with space adjacent which is plumbed for a dark room.” 2011 Taxes: $10,241; HOA Dues: $90 Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 12/07/2012; Sold Date: 01/15/2013. (Photos and broker comments courtesy of B.J. Adams & Co.)

MLS #127743 – Snowmass Village, Seasons 4 condo, 35 Lower Woodbridge Road #191, Snowmass Village, CO: Sold Price: $379,000/$397 sq ft partially furnished. More details below photos.

MLS #127743 – Snowmass Village, Seasons 4 condo, 35 Lower Woodbridge Road #191, Snowmass Village, CO: Sold Price: $379,000/$397 sq ft partially furnished; Asking Price: $389,000. (Original Price: $389,000 and 65 days on the market since 11/13/2012.) This is a 1971 built, 2 bedroom/2 bath, 953 sq ft condo. Broker comments are, “Sunny, cheerful, corner unit, on the Town Shuttle line, steps from Base Village and Gondola. Updated with new carpet and paint, air circulating gas fireplace, slate entryway, new kitchen countertops, insulating cel up/down window coverings, in unit washer/dryer, bedrooms that overlook open space, new community landscaping, pool, hot tub and outdoor firepit. Seasons 4 is a community of full time residents as well as second homeowners and vacationers. Enjoy first light on the south-east facing deck and the convenience of a 5 minute walk to the Snowmass center grocery and shops.” 2011 Taxes: $1,539; HOA Dues: $1,415 Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 01/06/2013; Sold Date: 01/17/2013. (Photos and broker comments courtesy of JBS R.E.Co.)

MLS #128283 – Snowmass Village, Viceroy condo, 130 Wood Road 738, Snowmass Village, CO: Sold Price: $507,337/$874 sq ft furnished. More details below photos.

MLS #128283 – Snowmass Village, Viceroy condo, 130 Wood Road 738, Snowmass Village, CO: Sold Price: $507,337/$874 sq ft furnished; Asking Price: $534,040. (Original Price: $534,040 and 35 days on the market since 01/09/2013.) This is a 2010 built, 1 bedroom/1 bath, 580 sq ft condo. Viceroy condos came back on the market in Nov. 2012 and being offered now at approx. 60% discount from pre-construction offering prices in 2006/2007. Broker comments are, “New condominium units now available at the world-acclaimed Viceroy. Ski-in/ski-out in Snowmass’ Base Village, there is nothing else like it in the Aspen/Snowmass market for wholly-owned condominiums. This one bedroom, one bath unit overlooks Assay Hill. Leed Gold Certified property. One time Base Village Metro Fee paid by Buyer of $5,150.” 2011 Taxes: $3,784; HOA Dues: $14,262 Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 01/03/2013; Sold Date: 01/16/2013. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #128282 – Snowmass Village, Viceroy condo, 130 Wood Road 740, Snowmass Village, CO: Sold Price: $508,212/$874 sq ft furnished; Asking Price: $534,960. (Original Price: $534,960 and 35 days on the market since 01/09/2013.) This is a 2010 built, 1 bedroom/1 bath, 581 sq ft condo. Viceroy condos came back on the market in Nov. 2012 and are being offered now at approx. 60% discount from pre-construction offering prices in 2006/2007. Broker comments are, “New condominium units now available at the world-acclaimed Viceroy. Ski-in/ski-out in Snowmass’ Base Village, there is nothing else like it in the Aspen/Snowmass market for wholly-owned condominiums. Enjoy views of Assay Hill in this one bedroom, one bath unit. Leed Gold Certified property. One time Base Village Metro Fee paid by Buyer of $5,150.” 2011 Taxes: $3,790; HOA Dues: 14,288 Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 01/03/2013; Sold Date: 01/16/2013. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #128280 – Snowmass Village, Viceroy condo, 130 Wood Road 736, Snowmass Village, CO: Sold Price: $279,300/$716 sq ft furnished. More details below photos.

MLS #128280 – Snowmass Village, Viceroy condo, 130 Wood Road 736, Snowmass Village, CO: Sold Price: $279,300/$716 sq ft furnished; Asking Price: $294,000. (Original Price: $294,000 and 35 days on the market since 01/09/2013.) This is a 2010 built, 390 sq ft studio with one bath. Viceroy condos came back on the market in Nov. 2012 and are now being offered at approx. 60% discount from pre-construction offering prices in 2006/2007. Broker comments are, “New condominium units now available at the world-acclaimed Viceroy. Ski-in/ski-out in Snowmass’ Base Village, there is nothing else like it in the Aspen/Snowmass market for wholly-owned condominiums. Enjoy exceptional views of Assay Hill in this studio suite, with an oversized master bathroom and opulent soaking tub. Leed Gold Certified property. One time Base Village Metro Fee paid by Buyer of $5,150.” 2011 Taxes: $2,083; HOA Dues: $9,590. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 01/03/2013; Sold Date: 01/16/2013. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #128281 – Snowmass Village Viceroy condo, 130 Wood Road 739, Snowmass Village, CO: Sold Price: $275,500/$723 sq ft furnished; Asking Price: $290,000. (Original Price: $290,000 and 35 days on the market since 01/09/2013.) This is a 2010 built, 381 sq ft studio with one bath. Viceroy condos came back on the market in Nov. 2012 and being now being offered at approx. 60% discount from pre-construction offering prices in 2006/2007. Broker comments are, “New condominium units now available at the world-acclaimed Viceroy. Ski-in/ski-out in Snowmass’ Base Village, there is nothing else like it in the Aspen/Snowmass market for wholly-owned condominiums. Exceptional views greet you in this studio suite, with an oversized master bathroom and opulent soaking tub. Leed Gold Certified property. One time Base Village Metro Fee paid by Buyer of $5,150.” 2011 Taxes: $2,054; HOA Dues: $9,370. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 01/03/2013; Sold Date: 01/16/2013. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

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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 Email him. The Estin Report is copyrighted 2013 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, broker.”

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