Last week’s sales activity is published below. March 2013 Snapshot sales figures and Q1 2013 report will be released in early April. 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.

The Estin Report: March 2013 Market Snapshot Aspen Snowmass Real Estate

released Tues.04/09/13 v2

Click image for March 2013 Market Snapshot Charts and Summary in Current Reports

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..

Market Comments The Q1 2013 State of the Aspen Market Report is in process now. Snowmass has experienced a surge of Viceroy condo sales – last week alone, there were (12) closings. Here are some stats about those sales:

Viceroy – the dominant Snowmass Village story at present

In the present Q1 2013, Viceroy sales (initiated Dec. 15, 12) are absorbing much of the SMV buyers for ski in/out product. SMV has been in purgatory for the past 4-5 years and it will take time for things to recover. The Viceroy sales program has been considered such a success at offerings 50-60% off 2006/2007 pre-construction prices, that it is likely they’ll be announcing Phase II bldg. construction within the next 10 months. Viceroy units have been discounted more than the SMV condo market and buyers see this value.

o (42) Viceroy condos have sold or are under contract from Dec 15, 12 – April 4, 13; in Q1 2013, there were (28) Viceroy sales out of (30) total SMV condo sales…93% of all SMV condo saleshave been Viceroy sales.

o According to the Viceroy sales office, “(8) out of every (10) SMV ski in/out sale has been a Viceroy unit during same period; and (7) out of every (10) SMV condo purchases – the entire SMV universe of condos – have been Viceroys.”

o Avg. sale price is $875 sq ft; the average 2 bdrm Viceroy sold at $1,056 sq ft

o Buyers – hotel guests (captive audience) and others are impressed with amenities and high level of services …but at a price: HOA fees are $24,000 – $27,500yr.

o The Viceroy is likely to be announcing a new round of higher prices within the next 30 days.

Under Contract / Pending (13) MLS #: 127798, 128100, 125469, 128828, 128700, 128844, 129282, 129283, 129281, 125304, 128630, 128942, 127816. Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate. This link is valid for 30 days until 05/07/2013.

Closed (19) MLS #: 128057, 116510, 121648, 116813, 128200, 128881, 125362, 128880, 128714, 128981, 129159, 129160, 129014, 128980, 129157, 128979, 129158, 129156, 126813. . This link is valid for 30 days until 05/07/2013.

Aspen Snowmass Solds Last Week

MLS #121648 – Aspen, Red Mountain, Ridge of Red Mountain single family home, 0047 Bennett Court, Aspen, CO: Sold Price: $3,190,000/$733 sq ft furnished. More details below photos.

MLS #121648 – Aspen, Red Mountain, Ridge of Red Mountain single family home, 0047 Bennett Court, Aspen, CO: Sold Price: $3,190,000/$733 sq ft furnished; Asking Price: $3,190,000. (Original Price: $4,450,000 and 1,322 days on the market since 07/06/2010.) This is a 1975 built/2005 remodeled, 4 bedroom/3 bath/1 half bath, 3,961 sq ft single family home with 1 car garage on 0.57 acres. Broker comments are, “Lovely family home in Mountain Contemporary style. Master on the upper level, large country kitchen with fireplace and family dining room. Office and storage loft above the kitchen. Beauriful mature landscaping, perennial gardens, small water feature, great views, privacy. Decks off the living room in front and large deck off the side of the living room. Heated stone patio off the upper level. Lower level recently remodeled with all new baths. Wonderful tower room. One car garage with additional snowmelt area for three cars.” 2012 Taxes: $9,171; HOA Dues: $618 Yr. Under Contract Date: 03/04/2013; Sold Date: 03/29/2013. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #116813 – Aspen, West Aspen, Castle Creek single family home, 55 Hall Drive, Aspen, CO: Sold Price: $9,000,000/$1,182 sq ft furnished. More details below photos.

MLS #116813 – Aspen, West Aspen, Castle Creek single family home, 55 Hall Drive, Aspen, CO: Sold Price: $9,000,000/$1,182 sq ft furnished; Asking Price: $9,995,000. (Original Price: $17,950,000 and 2,223 days on the market since 05/23/2008.) This is a 2002 built, 5 bedroom/5 bath/2 half bath, 7,612 sq ft single family home with 3 car garage on 4.3 acres. Broker comments are, “Although it’s only a mile and a half from town, this spacious 5-bedroom home feels like an escape deep into the wilderness with its mature spruce tree surroundings, majestic mountain views, and the bubbling sound of Castle Creek running along the back of the property. Everyone is awestruck by the foyer where the sight of the backyard pond seems to fill the house through the floor-to-ceiling windows. Perfectly incorporated with its stunning environment, this home shares the outdoors inside while providing remarkable luxury. Artfully detailed windows and intricate balustrades are just a few of the immaculate details created in this custom-built home where ample room and a layout designed for privacy make it a peaceful place for guests and owners alike.” 2012 Taxes: $20,504. Under Contract Date: 02/07/2013; Sold Date: 04/01/2013. (Photos and broker comments courtesy of Coldwell Banker Mason Morse.)

MLS #128057 – Aspen, West Aspen duplex, 603 W. North Street, Aspen, CO: Sold Price: $2,900,000/$763 sq ft furnished. More details below photos.

MLS #128057 – Aspen, West Aspen duplex, 603 W. North Street, Aspen, CO: Sold Price: $2,900,000/$763 sq ft furnished; Asking Price: $2,995,000. (Original Price: $2,995,000 and 113 days on the market since 12/18/2012.) This is a 1982 built, 4 bedroom/4 bath/1 half bath, 3,800 sq ft duplex with 2 car garage on 0.21 acres. Broker comments are, “A great value is Aspen’s charming and sought after West End. Vaulted ceilings and outdoor decks w/ Aspen views. four large bedrooms each with spacious closets and bathrooms. Bonus room, living space and a 2-car garage.” 2012 Taxes: $6,667. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/01/2013; Sold Date: 04/02/2013. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #126813 – Aspen, West Aspen single family home, 430 W. Main Street, Aspen, CO: Sold Price: $3,000,000/$1,500 sq ft unfurnished. More details below photos.

MLS #126813 – Aspen, West Aspen single family home, 430 W. Main Street, Aspen, CO: Sold Price: $3,000,000/$1,500 sq ft unfurnished; Asking Price: $3,400,000. (Original Price: $3,650,000 and 243 days on the market since 08/03/2012.) This is a 1971 built/1986 remodeled, 5 bedroom/2 bath, 2,000 sq ft single family home on 0.2 acres. Broker comments are, “Beautiful Historic building on Main Street. Wonderfully maintained. Mixed use zoning. Currently used as office with many development options- Historic lot split with additional FAR or TDR’s.” 2012 Taxes: $26,703. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/04/2013; Sold Date: 04/03/2013. (Photos and broker comments courtesy of Kruger and Company.)

MLS #116510 – Aspen, Central Core, Chateau Eau Claire condo, 1034 E. Cooper Avenue #27-A, Aspen, CO: Sold Price: $1,420,000/$949 sq ft furnished. More details below photos.

MLS #116510 – Aspen, Central Core, Chateau Eau Claire condo, 1034 E. Cooper Avenue #27-A, Aspen, CO: Sold Price: $1,420,000/$949 sq ft furnished; Asking Price: $1,795,000. (Original Price: $2,375,000 and 1,043 days on the market since 12/29/2011.) This is a 1972 built, 3 bedroom/2 bath, 1,495 sq ft condo. Broker comments are, “This top floor 3-bed, 2-bath corner unit enjoys magnificent views and tranquil sounds of the Roaring Fork River. Located just 5 convenient blocks to the Silver Queen gondola, this property is a close walking distance to the best restaurants, shopping and nightlife that Aspen has to offer. Enjoy the sights and sounds of the river with access to a pool, hot tub and newly renovated conference room. This unit has 2 wood burning fireplaces and is very comfortable ”as is” or remodel to suit your style. Value Added: Exterior refurbishment is completed, $110K special assessment paid by seller, new windows, additional interior space from deck enclosure.” 2012 Taxes: $4,494; HOA Dues: $4,154 Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/08/2013; Sold Date: 03/29/2013. (Photos and broker comments courtesy of Frias Properties.)

MLS #125362 – Aspen, Central Core, Old Hundred condo, 900 E. Durant Avenue C-107, Aspen, CO: Sold Price: $1,100,000/$815 sq ft unfurnished. More details below photos.

MLS #125362 – Aspen, Central Core, Old Hundred condo, 900 E. Durant Avenue C-107, Aspen, CO: Sold Price: $1,100,000/$815 sq ft unfurnished; Asking Price: $1,200,000. (Original Price: $1,500,000 and 338 days on the market since 05/09/2012.) This is a 1970 built, 4 bedroom/3 bath, 1,349 sq ft condo. Broker comments are, “Four-bedroom/three-bath, two-story unit with views of Aspen Mountain, open floor plan and cozy gas fireplace. Fresh paint and new carpet throughout make it move-in ready. Three blocks to Silver Queen Gondola and buses to Snowmass, Aspen Highlands and Buttermilk. Core location is ideal for a second home or permanent residence. Assigned outside storage. Pets OK with HOA approval. Old Hundred complex has 12 parking spaces for 16 units. Buyer’s name will be placed on a waiting list for a parking space. City of Aspen will issue buyer a parking sticker and guest pass for on-street parking.” 2012 Taxes: $2,716; HOA Dues: $3,612. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/21/2013; Sold Date: 04/04/2013. (Photos and broker comments courtesy of Coldwell Banker Mason Morse.)

MLS #128200 – Snowmass Village, Country Club Homes condo, 700 Snowmas Circle #85, Snowmass Village, CO: Sold Price: $1,800,000/$624 sq ft furnished. More details below photos.

MLS #128200 – Snowmass Village, Country Club Homes condo, 700 Snowmas Circle #85, Snowmass Village, CO: Sold Price: $1,800,000/$624 sq ft furnished; Asking Price: $1,950,000. (Original Price: $3,150,000 and 587 days on the market since 11/24/2009.) This is a 1989 built, 3 bedroom/4 bath, 2884 sq ft condo with 2 car garage. Broker comments are, “Located directly on Brush Creek and adjacent to open space, this three bedroom plus den, four bath townhome offers abundant sunshine, views of the ski mountain, short walk to the Snowmass Club, town skier shuttle bus access and the sights and sounds of Brush Creek from the deck, patios and bedrooms. A very private corner location. Easy to schedule showings.” 2012 Taxes: $6,944; HOA Dues: $12,500,000. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 01/05/2013; Sold Date: 04/05/2013. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #128881 – Snowmass Village, Viceroy condo, 130 Wood Road 728, Snowmass Village, CO: Sold Price: $1,425,000/$1,294 sq ft furnished. More details below photos.

MLS #128881 – Snowmass Village, Viceroy condo, 130 Wood Road 728, Snowmass Village, CO: Sold Price: $1,425,000/$1,294 sq ft furnished; Asking Price: $1,499,000. (Original Price: $1,499,000 and 107 days on the market since 03/02/2013.) This is a 2010 built, 2 bedroom/2 bath, 1,101 sq ft condo. 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 in the Aspen/Snowmass market for wholly-owned condominiums. This two bedroom residence has fantastic views of Assay Hill. Leed Gold Certified Property. One time Base Village Metro Fee paid by Buyer of $5,150.” 2012 Taxes: $3,904; HOA Dues: $6,769 Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 03/01/2013; Sold Date: 03/29/2013. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #128880 – Snowmass Village, Viceroy condo, 130 Wood Road 342, Snowmass Village, CO: Sold Price: $958,550/$947 sq ft furnished; Asking Price: $1,009,000. (Original Price: $1,009,000 and 106 days on the market since 03/02/2013.) This is a 2010 built, 2 bedroom/2 bath, 1,012 sq ft condo. 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 in the Aspen/Snowmass market for wholly-owned condominiums. This two bedroom residence enjoys fantastic views. Leed Gold Certified Property. One time Base Village Metro Fee paid by Buyer of $5,150.” 2012 Taxes: $3,246; HOA Dues: $6,221 Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 03/01/2013; Sold Date: 03/28/2013. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #128714 – Snowmass Village, Viceroy condo, 130 Wood Road 721, Snowmass Village, CO: Sold Price: $816,000/$846 sq ft furnished. More details below photos.

MLS #128714 – Snowmass Village, Viceroy condo, 130 Wood Road 721, Snowmass Village, CO: Sold Price: $816,000/$846 sq ft furnished; Asking Price: $859,000. (Original Price: $859,000 and 107 days on the market since 02/14/2013.) This is a 2010 built, 2 bedroom/2 bath, 964 sq ft condo. 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 in the Aspen/Snowmass market for wholly-owned condominiums. This two bedroom, two bath unit offers courtyard views and a great floor-plan. Leed Gold Certified Property. One time Base Village Metro Fee paid by Buyer of $5,150.” 2012 Taxes: $5,920; HOA Dues: $23,707 Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 02/13/2013; Sold Date: 03/29/2013. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #128981 – Snowmass Village, Viceroy condo, 130 Wood road 334, Snowmass Village, CO: Sold Price: $755,250/$735 sq ft furnished. More details below photos.

MLS #128981 – Snowmass Village, Viceroy condo, 130 Wood road 334, Snowmass Village, CO: Sold Price: $755,250/$735 sq ft furnished; Asking Price: $795,000. (Original Price: $795,000 and 106 days on the market since 12/12/2012.) This is a 2010 built, 1 bedroom/2 bath, 1,027 sq ft condo. 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 in the Aspen/Snowmass market for wholly-owned condominiums. Leed Gold Certified Property. One time Base Village Metro Fee paid by Buyer of $5,150.” 2012 Taxes: $2,995; HOA Dues: $6,314 Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 03/08/2013; Sold Date: 03/28/2013. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #129159 – Snowmass Village, Viceroy condo, 130 Wood Road 338, Snowmass Village, CO: Sold Price: $409,150/$745 sq ft furnished; Asking Price: $430,677. (Original Price: $430,677 and 107 days on the market since 12/12/2012.) This is a 2010 built, 1 bedroom/1 bath, 549 sq ft condo. 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 in the Aspen/Snowmass market for wholly-owned condominiums. Leed Gold Certified Property. One time Base Village Metro Fee paid by Buyer of $5,150.” 2012 Taxes: $1,601; HOA Dues: $3,375 Qtr. Town of Snnowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 03/25/2013; Sold Date: 03/29/2013. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #129160 – Snowmass Village, Viceroy condo, 130 Wood Road 340, Snowmass Village, CO: Sold Price: $406,900/$745 sq ft furnished; Asking Price: $428,323. (Original Price: $428,323 and 107 days on the market since 12/12/2012.) This is a 2010 built, 1 bedroom/1 bath, 546 sq ft condo. 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 in the Aspen/Snowmass market for wholly-owned condominiums. Leed Gold Certified Property. One time Base Village Metro Fee paid by Buyer of $5,150.” 2012 Taxes: $1,592; HOA Dues: $3,356 Yr. Town of Snnowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 03/25/2013; Sold Date: 03/29/2013. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #129014 – Snowmass Village, Viceroy condo, 130 Wood Road 636, Snowmass Village, CO: Sold Price: $265,050/$672 sq ft furnished; Asking Price: $279,000. (Original Price: $279,000 and 107 days on the market since 12/12/2012.) This is a 2010 built, 1 bath, 394 sq ft studio condo. 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 in the Aspen/Snowmass market for wholly-owned condominiums. Leed Gold Certified Property. One time Base Village Metro Fee paid by Buyer of $5,150.” 2012 Taxes: $1,209; HOA Dues: $2,422 Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 03/25/2013; Sold Date: 03/29/2013. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #128980 – Snowmass Village, Viceroy condo, 130 Wood Road 326, Snowmass Village, CO: Sold Price: $257,000/$657 sq ft furnished; Asking Price: $270,500. (Original Price: $270,500 and 106 days on the market since 12/12/2012.) This is a 2010 built, 1 bath, 391 sq ft studio condo. 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 in the Aspen/Snowmass market for wholly-owned condominiums. Leed Gold Certified Property. One time Base Village Metro Fee paid by Buyer of $5,150.” 2012 Taxes: $1,140; HOA Dues: $2,403. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 03/08/2013; Sold Date: 03/28/2013. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #128979 – Snowmass Village, Viceroy condo, 130 Wood Road 324, Snowmass Village, CO: Sold Price: $254,100/$653 sq ft furnished; Asking Price: $267,500. (Original Price: $267,500 and 106 days on the market since 12/12/2012.) This is a 2010 built, 1 bath, 389 sq ft studio condo. 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 in the Aspen/Snowmass market for wholly-owned condominiums. Leed Gold Certified Property. One time Base Village Metro Fee paid by Buyer of $5,150.” 2012 Taxes: $1,134; HOA Dues: $2,391. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 03/08/2013; Sold Date: 03/28/2013. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #129157 – Snowmass Village, Viceroy condo, 130 Wood Road 536, Snowmass Village, CO: Sold Price: $250,800/$651 sq ft furnished; Asking Price: $264,000. (Original Price: $264,000 and 107 days on the market since 12/12/2012.) This is a 2010 built, 1 bath, 385 sq ft studio condo. 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 in the Aspen/Snowmass market for wholly-owned condominiums. Leed Gold Certified Property. One time Base Village Metro Fee paid by Buyer of $5,150.” 2012 Taxes: $1,182; HOA Dues: $2,366. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 03/25/2013; Sold Date: $03/29/2013. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #129158 – Snowmass Village, Viceroy condo, 130 Wood Road 505, Snowmass Village, CO: Sold Price; $239,400/$628 sq ft furnished; Asking Price: $252,000. (Original Price: $252,000 and 107 days on the market since 12/12/2013.) This is a 2010 built, 1 bath, 381 sq ft studio condo. 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 in the Aspen/Snowmass market for wholly-owned condominiums. Leed Gold Certified Property. One time Base Village Metro Fee paid by Buyer of $5,150.” 2012 Taxes: $1,170; HOA Dues: $2,342 Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 03/25/2013; Sold Date: 03/29/2013. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #129156 – Snowmass Village, Viceroy condo, 130 Wood Road 507, Snowmass Village, CO: Sold Price: $239,400/$636 sq ft furnished; Asking Price; $252,000. (Original Price: $252,000 and 107 days on the market since 12/12/2012.) This is a 2010 built, 1 bath, 376 sq ft studio condo. 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 in the Aspen/Snowmass market for wholly-owned condominiums. Leed Gold Certified Property. One time Base Village Metro Fee paid by Buyer of $5,150.” 2012 Taxes: $1,154; HOA Dues: $2,311 Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 03/25/2013; Sold Date: 03/29/2013. (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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