Last week’s sales activity is posted 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.

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

released Thurs.. June 6, 13. v9 in Current Reports section.

Click image for May 2013 Snapshot in Current Reports

Summary May Comparison

May 2013 versus May 2012

(Now vs Then, Year over Year)

Total Aspen Snowmass Market

• Monthly Unit Sales: up 30%, 35 sales now vs 27 then

• Year-to-Date Unit Sales: up 30%, 161 sales now vs 124 then

• Monthly Dollar Volume: down -9%, $76M now vs $83M then

• Year-to-Date Dollar Volume: down -14%, $304M now vs $355M then

• Listing Inventory: down -12%, 978 properties for sale now vs 1,111 then

Aspen Market

• Monthly Unit Sales: down 4%, 23 sales now vs 24 then

• Year-to-Date Unit Sales: up 4%, 94 sales now vs 90 then

• Monthly Dollar Volume: down -22%, $62M now vs $79M then

• Year-to-Date Dollar Volume: down -20%, $236M now vs $294M then

• Listing Inventory: down -15%, 486 properties for sale now vs 573then

Snowmass Village Market

• Monthly Unit Sales: up 300%, 12 sales now vs 3 then

• Year-to-Date Unit Sales: up 97%, 67 sales now vs 34 then

• Monthly Dollar Volume: up 263%, $14M now vs $4M then

• Year-to-Date Dollar Volume: up 12%, $68M now vs $61M then

• Listing Inventory: down -9%, 258 properties for sale now vs 284 then

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.

Under Contract / Pending (4) MLS #: 126311, 128839, 130011, 125997. Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate. This link is valid for 30 days until 07/02/2013.

Closed (6) MLS #: 128826, 128999, 116708, 128035, 122405, 119362, 123606. This link is valid for 30 days until 07/02/2013.

Aspen Snowmass Solds Last Week

MLS #119362 – Aspen, Red Mountain, Pitkin Green single family home, 153 Herron Hollow Road, Aspen, CO: Sold Price: $2,800,000/$738 sq ft unfurnished. More details below photos.

MLS #119362 – Aspen, Red Mountain, Pitkin Green single family home, 153 Herron Hollow Road, Aspen, CO: Sold Price: $2,800,000/$738 sq ft unfurnished; Asking Price: $2,999,000. (Original Price: $4,995,000 and 879 days on the market since 4,995,000.) This is a 1990, 5 bedroom/5 bath/1 half bath, 3,794 sq ft single family home with 1 car garage on 0.96 acres. Broker comments are, “Residing on a knoll above Herron Hollow, this Red Mountain home unveils views from Aspen Mountain to Buttermilk. Extending 3,794 square feet, the five bedroom comfortable home features log detailing and abundant natural light. The upper-level has multiple open living spaces with fireside lounging, outdoor terraces and vaulted ceilings.” 2012 Taxes: $10,931; HOA Dues: $615 Qtr. Under Contract Date: 04/01/2013; Sold Date: 05/31/2013. (Photos and broker comments courtesy of Coldwell Banker Mason Morse.)

MLS #122405 – Aspen, McLain Flats, Starwood single family home, 889 Starwood Drive, Aspen, CO: Sold Price: $2,750,000/$651 sq ft unfurnished. More details below photos.

MLS #122405 – Aspen, McLain Flats, Starwood single family home, 889 Starwood Drive, Aspen, CO: Sold Price: $2,750,000/$651 sq ft unfurnished; Asking Price: $2,995,000. (Original Price: $2,975,000 and 666 days on the market since 08/12/2011.) This is a 1993 built, 3 bedroom/3 bath, 3,548 sq ft single family home with 2 car garage on 3 acres. Broker comments are, “Located on 3 private acres with meandering garden paths & a meadow filled with wildflowers, this European inspired home was designed by Al Beyer and constructed with care. Features include 3 bedrooms, 3 baths, 3,548 square feet, office/4th bedroom/2nd family room, antique heart pine flooring & cabinetry, reclaimed Douglas Fir beams, vaulted ceilings, custom iron hand railings, French doors in the living room, wood-burning fireplace, 672 square foot two car garage with built-in shelving & 672 square foot storage loft above, authentic cobblestone auto court, patio, sauna & hot tub. The gated subdivision of Starwood features tennis courts and numerous hiking & cross country trails. A true retreat.” 2012 Taxes: $12,638; HOA Dues: $273 Yr. Under Contract Date: 02/19/2013; Sold Date: 05/31/2013. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #116708 – Aspen, Short Sale, Central Core, Concept 600 condo, 600 E. Main Street, #301, Aspen, CO: Sold Price: $1,395,500/$1,240 sq ft furnished. More details below photos.

MLS #116708 – Aspen, Short Sale, Central Core, Concept 600 condo, 600 E. Main Street, #301, Aspen, CO: Sold Price: $1,395,500/$1,240 sq ft furnished; Asking Price: $1,395,000. (Original Price: $2,395,000 and 2,995 days on the market since 09/20/2007.) This is a 1972 built/2007 remodeled, 1 bedroom/1 bath, 1,125 sq ft condo. Broker comments are, “Located in the central core of downtown Aspen, this 3rd floor corner unit has been completely remodeled with a contemporary interior. Features include 1 bedroom, 1.5 bath, 1125 sq ft, wire-brushed oak cabinetry, travertine floors, built-in storage cabinets throughout, cove lighting, radiant heat, air conditioning, gas fireplace, top of the line kitchen appliances, 2 private decks, underground parking, ski locker, and views of Aspen Mountain.” 2012 Taxes: $2,944; HOA Dues: $2,500 Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/05/2013; Sold Date: 05/31/2013. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #128035 – Aspen, West End duplex, 618 W. Smuggler, Aspen, CO: Sold Price: $2,650,000/$966 sq ft furnished. More details below photos.

MLS #128035 – Aspen, West End duplex, 618 W. Smuggler, Aspen, CO: Sold Price: $2,650,000/$966 sq ft furnished; Asking Price: $2,795,000. (Original Price: $3,200,000 and 495 days on the market since 11/10/2011.) This is a 1978 built/2010 remodeled, 4 bedroom/4 bath, 2,742 sq ft duplex with 1 car garage on 0.1 acres. No broker comments. 2012 Taxes: $5,170. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/17/2013; Sold Date: 05/30/2013. (Photos and broker comments courtesy of Stirling Peak Properties.)

MLS #128826 – Aspen, Central Core, Aspen Townsite commercial, 300 S. Spring Street, 302, Aspen, CO: Sold Price: $710,000/$902 sq ft. More details below photos.

MLS #128826 – Aspen, Central Core, Aspen Townsite commercial, 300 S. Spring Street, 302, Aspen, CO: Sold Price: $710,000/$902 sq ft; Asking Price: $710,000. (Original Price: $710,000 and 92 days on the market since 02/26/2013.) This is a 1969 built, 787 sq ft commercial space in downtown Aspen. Broker comments are, “This 787 square foot 3rd floor office space offer convenience and visibility on one of the most desirable prime corners in Aspen. Located three blocks from the gondola and across the street from the new Aspen Art Museum in a well-kept high traffic building. Garage parking and storage is available for purchase.” 2012 Taxes: $4,021; HOA Dues: $701. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/27/2013; Sold Date: 05/28/2013. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

MLS #128999 – Snowmass Village, Meadow Ranch single family home, 280 Meadow Ranch, Snowmass Village, CO: Sold Price: $835,000/$332 sq ft partially furnished. More details below photos.

MLS #128999 – Snowmass Village, Meadow Ranch single family home, 280 Meadow Ranch, Snowmass Village, CO: Sold Price: $835,000/$332 sq ft partially furnished; Asking Price: $895,000. (Original Price: $1,395 and 652 days on the market since 02/17/2011.) This is a 1977 built/2010 remodeled, 4 bedroom/3 bath/1 half bath, 2,512 sq ft single family home. Broker comments are, “Lowest priced 4 bedroom in Snowmass Village. This freestanding Single Family Home is one of the best values & real estate opportunities in SMV. This home includes a large studio with separate entrance on the lower level that currently rents for $1,400/month. Partial remodel completed with all new bathrooms, new roof, and 2 new hot water heaters. Highlights include 3 wood burning fireplaces, great views, convenient location in Aspen School District and an income producing studio. With a kitchen remodel and finishing touches…this home will be amazing.” 2012 Taxes: $3,700; HOA Dues: $1,425 Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 04/06/2013; Sold Date: 05/24/2013. (Photos and broker comments courtesy of Coldwell Banker Mason Morse.)

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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 with link: The Estin Report: Aspen real estate market

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