Scroll down page past the 2Q/1H 2012 State of the Aspen Market report for last week’s market activity

Tim Estin is a leading Aspen broker with Coldwell Banker Mason Morse located in the center of downtown. This blog, Tim Estin’s www.AspenRealEstateBlog.com, is released Monday mornings and sometimes in-between. The Estin Reports are released as monthly snapshots, quarterly & semi-annually, 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, it’s here..

The Estin Report: Mid-Year 2012 – 2nd Quarter/1st Half State of the Aspen Market

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Last Week’s Market Activiy – Aspen Snowmass real estate weekly sales statistics and under contract activity appears below for all Aspen, Snowmass Village, Woody Creek and Old Snowmass properties over $250,000 in the upper Roaring Fork Valley 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 a public archive of sold market activity. For past sales, scroll to page bottom and search by time period.

Under Contract / Pending (9): MLS #: 124876, 121180, 123522, 122944, 125870, 123871, 121449, 121415, 124217. This link is valid for 30 days until 08/22/2012. Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate.

Closed (3): MLS #: 125653, 122930, 124595 . This link is valid for 30 days until 08/22/2012.

Aspen Snowmass Solds Last Week

MLS #125653 – Aspen, Central Core duplex, 121 W. Hyman Avenue, Unit B, Aspen, CO: Sold Price: $4,000,000/$1,371 sq ft furnished. More details below photos.

MLS #125653 – Aspen, Central Core duplex, 121 W. Hyman Avenue, Unit B, Aspen, CO: Sold Price: $4,000,000/$1,371 sq ft furnished; Asking Price: $4,500,000. (Original Price: $4,500,000 and 57 days on the market since 05/25/2012.) This is a 1982 built/2009 remodeled, 4 bedroom/4 bath/1 half bath, 2,917 sq ft duplex with 1 car garage. Broker comments are, “Rare downtown 4 bedroom townhouse just 2 blocks to Wagner Park & steps to the Aspen Ice Garden. Beautifully furnished, this unit features a dramatic great room with a spacious deck and superb views up Aspen Mountain. Open kitchen, master office, one car garage and fenced patio are just a few of the many features. Turnkey furnished.” 2011 Taxes: $9,446; City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 06/26/2012; Sold Date: 07/18/2012. (Photos and broker comments courtesy of Coldwell Banker Mason Morse.)

MLS #122930 – Snowmass Village, Pines at Owl Creek single family home, 522 Pine Crest Drive, Snowmass Village, CO: Bank Owned Home REO – Sold Price: $5,350,000/$936 sq ft unfurnished. More details below photos.

MLS #122930 – Snowmass Village, Pines at Owl Creek single family home, 522 Pine Crest Drive, Snowmass Village, CO: Bank Owned Home REO – Sold Price: $5,350,000/$936 sq ft unfurnished; Asking Price: $6,499,000. (Original Price: $11,750,000 and 1,935 days on the market since 02/10/2009.) This is a 2010 built, 5 bedroom/5 bath/1 half bath, 5,713 sq ft single family home with 3 car garage on 0.98 acres. Broker comments are, “Lovely mountain elegant residence newly completed in 2010, includes 5,713 sq ft, featuring 5 bedrooms, 5.5 bathrooms. The style, finish level, and outdoor areas/decks are what the discerning Pines Buyer desires. Wide plank white oak floors, exposed beams, and natural light add richness to the flowing floor plan. Split level walk out design features a kitchen eating/lounge area and fireplace, separate dining, den/office, large laundry room on each floor, luxury bath finishes/fixtures, bar, wine room, and Control 4 AV system. Outdoor areas include two generous decks off the living and family rooms, walkways, and hot tub, combining with direct ski-in/ski-out access on “Spring” ski trail leading down to the Two Creeks.” 2011 Taxes: $19,879; HOA Dues: $5,412 Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 06/27/2012; Sold Date: 07/17/2012. (Photos and broker comments courtesy of Coldwell Banker Mason Morse.)

MLS #124595 – Woody Creek, Woody Creek condo, 4070 Lower River Road, Woody Creek, CO: Sold Price: $379,000/$415 sq ft furnished. More details below photos.

MLS #124595 – Woody Creek, Woody Creek condo, 4070 Lower River Road, Woody Creek, CO: Sold Price: $379,000/$415 sq ft furnished; Asking Price: $399,000. (Original Price: $439,000 and 134 days on the market since 03/07/2012.) This is a 1965 built, 2 bedroom/2 bath, 912 sq ft condo. Broker comments are, “Simple, rustic charm in an idyllic Woody Creek setting. Sip your morning coffee on the expanded private deck of this top floor condominium and watch for eagles soaring past the rushing waters of the Roaring Fork. Inside, sit by the fireplace to take the chill off or grill your catch of the day on the built-in gas grill in the kitchen. Well maintained, up-to-date and just right for no-fuss living. In quiet, sunny Rivers Bend—where the river is out your back door and the Rio Grande Trail only steps away from your front door. Snag this one for an affordable home in the Aspen School District, for overflow guests, or as a fisherman’s getaway.” 2011 Taxes: $1,279; HOA Dues: $552 Mo. Under Contract Date: 06/07/2012; Sold Date: 07/18/2012. (Photos and broker comments courtesy of BJ Adams & Co.)

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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 2012 and all rights reserved. Use is permitted subject to the following attribution: “The Estin Report: State of the Aspen Real Estate Market, By Aspen broker Tim Estin, mba, gri.”

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