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RELEASED JAN 9. 2011: THE ESTIN REPORT: STATE OF THE ASPEN REAL ESTATE MARKET 2011 YEAR AND 4TH QUARTER

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The Estin Report: State of the Aspen Market 2011 Year and 4th Quarter

Tim Estin is an active Aspen real estate broker with Coldwell Banker 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 or 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, chances are there’s something about it here.

Last Week’s Market Highlights – 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.

Market Commentary

An article in the Aspen Business Journal last week is an in-depth review of data and Aspen real estate reports on 2011 performance and where we are headed. It includes an interview with Tim Estin. See the Feb. 6, 12 article, “Aspen Real Estate: Improvements with Caveats in 2011”.

Under Contract / Pending (6): MLS# 120514, 123426, 123338, 121475, 118450, 122711. This link is valid for 30 days until 03/12/2012. Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate.

Closed (2): MLS# 104069, 110010 . This link is valid for 30 days until 03/12/2012.

Aspen Snowmass Solds Last Week:

MLS #104069 – Aspen, Central Core, Gant condo, 610 S. West End Street E-201, Aspen CO: Sold Price: $995,000/$1,005 sq ft furnished. More details below photos.

MLS #104069 – Aspen, Central Core, Gant condo, 610 S. West End Street E-201, Aspen CO: Sold Price: $995,000/$1,005 sq ft furnished; Ask Price: $1,095,000. (Original Price: $1,725,000 and 1,409 days on the market since 04/01/2008.) This is a 1972 built/2007 remodeled, , 2 bedroom/2 bath, 990 sq ft condo. Broker comments are, “Air conditioned, nicely furnished, corner unit with Aspen Mountain Views. Re-modeled kitchen and baths. Numerous upgrades in 2007. Quiet location in E building. Enjoy the nearby Ute Trail, Aspen Club, and many Gant amenities. Walk to shops and dining. Five tennis courts, 2 pools, Jacuzzis, and work out facility. Free shuttle and concierge service. Location, Location.” 2011 Taxes: $3,185; HOA Dues: $20,720 Yr. Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/11/2012; Sold Date: 02/09/2012. (Photos and broker comments courtesy of Coldwell Banker Mason Morse.)

MLS #110010 – Aspen, Central Core, 820 E. Hyman Ave. Town Home, 818 E. Hyman Avenue, Aspen, CO: Sold Price: $2,299,500/$1,057 sq ft furnished. More details below photos.

MLS #110010 – Aspen, Central Core, 820 E. Hyman Ave. Town Home, 818 E. Hyman Avenue, Aspen, CO: Sold Price: $2,299,500/$1,057 sq ft furnished; Ask Price: 2,495,000. (Original Price: $3,995,000 and 1,067 days on the market.) This is a 1989 built, 3 bedroom/3 bath, 2,175 sq ft half duplex with 2 car garage. Broker comments are, “Victorian style half duplex in Aspen core. Outstanding in-town location, walk to everything, excellent views of Aspen Mountain. Turn key, shows great, attractive furnishings, good floor plan, great roof top deck/spa with amazing views.” 2010 Taxes: $6,752. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/16/2012; Sold Date: 02/10/2010. (Photos and broker comments courtesy of Coldwell Banker Mason Morse.)

Tim Estin welcomes your business, inquiries and comments. Email: [email protected] 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 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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