Aspen Real Estate Market  Last Week’s Sales: July 11 – 18, 21 – Week 29

Closed (8) and  Under Contract / Pending (27).  [To view the new blog post, you may have to “Clear your Browser Settings”.  Go to: Chrome browser/more tools/clear browsing data.] (Photos above of 134 W Bleeker courtesy of Elliman Realty.)

The June 2021 Aspen Snowmass Real Estate Market Report was posted July 4, 21 in the Aspen real estate market reports section. 

The Estin Report: H1 2021 sf – Aspen Snowmass Real Estate Market Report is in process now, and I expect to post it online later this week. The print edition will be available in a few weeks.

Bottom Line July 19, 21
We are mid-point through the summer season, and it remains very active and busy. We are seeing new properties come on the market at speculative prices where recent sold comps are no longer necessarily determinative reference points. Brokers are scratching their heads and saying “I guess we’ll see…”

June 2021
With a record single family home sale at $72.5M/$3,235 sq ft in June, Aspen real estate has gone beyond beyond. Yes, it’s always been at least a somewhat beyond. Now, it’s certifiable. Yet most major indexes are at record highs, or, like mortgage rates, at historically low levels. Records— high/low—everywhere. In Knight-Frank’s 2021 Wealth Report, the pandemic related growth in real estate demand is driving this —and especially for open space, the natural environment with technology/connectivity, flight access and community. Aspen delivers on all of these and more. In Jun ’21, (13) out of (27) Aspen single family home sales were over $10M: (6) of these were over $15M and (10) were sold between $2,000-$3,400 per sq ft. For perspective according to Elite Traveler, the most expensive world property markets are: Monaco $5,263 sq ft, Hong Kong $4,393 sq ft, New York a steal at $2,466 sq ft and London merely $1,891 sq ft. 


(Click image to enlarge. June 2021 Summary. Pg 1 of 10.)          

The Estin Report 2021 ws was released online Jan 8, 21 in the Aspen real estate market section. It can be read online or downloaded as PDF.  The 32-Pg print edition is available now around town:  outside  Sotheby’s 300 S Spring St (my office across from the Aspen Art Museum), Sotheby’s 415 E Hyman on the Hyman Mall, at the Aspen Chamber Information Kiosk across from Paradise Bakery and the Pitkin County (ASE) airport. 
If you any issue downloading the report PDF, please contact me directly and I’d be happy to send it.

Blog Post: Jul 11 – 18, 2021 Aspen CO real estate market activity, Week 29

Closed (8): MLS#s: 170340, 169058, 169420, 169782, 170394, 170458, 170478, 171082.  This link is valid until 8/17/2021.

Under Contract/Pending (27): MLS#s: 162851, 165062, 166154, 166580, 167530, 167663, 168950, 169123, 169591, 169595, 170112, 170203, 170242, 170339, 170644, 170732, 170858, 171012, 170849, 170918, 171067, 170975, 171005, 171000, 171029, 171105, 171061.  This link is valid until 8/17/2021.

Sold Properties Last Week:

MLS #171082 – Townsite of Aspen, West End, 134 E Bleeker Street, Aspen, CO; Sold Price: $9,300,000/$1,754 sq ft; unfurnished. Sold Date: 07/12/2021. More details below photos.

MLS #171082 – Townsite of Aspen, West End, 134 E Bleeker Street, Aspen, CO; Sold Price: $9,300,000/$1,754 sq ft; unfurnished. Sold Date: 07/12/2021. Aspen homes for sale. Ask Price: $9,950,000. (Original Price: $9,950,000 and 229 days on the market since 10/12/2020.) Tim’s notes: This is a project waiting to be started with permits in hand: 2022 new-built, 6 bedroom/6 bath/1 half-bath, 5,300 sq ft single family home with 1 car garage on a 4,500 sq ft lot. The location is perfect: in the West End but 1-block walk to the former Main St Bakery, a development site which will be completed someday we hope, to its former popularity and function as a historic cafe restored. Lucky buyer! Broker comments are “West End Historic Remodel Opportunity. Sale price includes fully active building permit. Image credit: BLOK Studio.” 2019 taxes: $15,390. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 05/17/2021; Sold Date: 07/12/2021. (Photos courtesy of Douglas Elliman Real Estate).

MLS #170478 – Park Central West, Condominium, Central Core, 210 E Hyman Avenue #4, Aspen, CO; Sold Price: $2,325,000/$2,365 sq ft; furnished. Sold Date: 07/15/2021. More details below photos.

MLS #170478 – Park Central West, Condominium, Central Core, 210 E Hyman Avenue #4, Aspen, CO; Sold Price: $2,325,000/$2,365 sq ft; furnished. Sold Date: 07/15/2021. Aspen condos for sale. Ask Price: $2,325,000. (Original Price: $2,325,000 and 31 days on the market since 06/14/2021.) This is a 1981 built, 1 bedroom/1 bath/1 3/4-bath, 983 sq ft condo. Broker comments are “A rare opportunity to own a central core Aspen top floor condo, featuring stunning Aspen Mountain and Red Mountain views, bright, generous rooms, vaulted ceilings with clerestory windows, outdoor terrace facing Aspen Mountain, and wood burning fireplace. Perfect location to walk to everything, whether the Ajax ski lifts or the music festival tent. For those looking for a great remodel or value add opportunity, look no further.” 2020 taxes: $4,087; HOA Dues: $15,725. Under Contract Date: 06/21/2021; Sold Date: 07/15/2021. (Photos and broker comments courtesy of Compass Aspen)

MLS #169420 – Park Central West, Condominium, Central Core, 210 E Hyman Avenue 3, Aspen, CO; Sold Price: $2,285,000/$2,324 sq ft; furnished. Sold Date: 07/15/2021. More details below photos.

MLS #169420 – Park Central West, Condominium, Central Core, 210 E Hyman Avenue 3, Aspen, CO; Sold Price: $2,285,000/$2,324 sq ft; furnished. Sold Date: 07/15/2021. Aspen condos for sale. Ask Price: $2,340,000. (Original Price: $2,484,000 and 97 days on the market since 04/09/2021.) This is a 1981 built and 2020 remodeled, 2 bedroom/2 bath, 983 sq ft condo. Broker comments are “You will love this location as you can walk to everything in the central core-shops, restaurants and gondola! This 1st-floor condo has 2 bedrooms and 2 full baths in a AAA premier small complex. A romantic wood burning fireplace in the Great Room with views of Aspen Mountain. Full kitchen with granite countertops and new stainless appliances. Master suite with king bed and built-in office cabinetry is en-suite with full bath and new jetted tub/shower. The guest room has custom twin beds. The guest bath has a shower and washer/dryer. New tile floors and carpet throughout. The large private fenced patio is convenient for the summer time pool and year-round jacuzzi. Includes large private storage area, also ski and bike storage and an assigned parking space.” 2020 taxes: $3,698; HOA Dues: $15,725. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 06/24/2021; Sold Date: 07/15/2021. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #170394 – Christiana Aspen, Condominium, West End, 501 W Main Street A103, Aspen, CO; Sold Price: $1,125,000/$2,338 sq ft; furnished. Sold Date: 07/16/2021. More details below photos.

MLS #170394 – Christiana Aspen, Condominium, West End, 501 W Main Street A103, Aspen, CO; Sold Price: $1,125,000/$2,338 sq ft; furnished. Sold Date: 07/16/2021. Aspen condos for sale. Ask Price: $1,150,000. (Original Price: $1,150,000 and 37 days on the market since 06/09/2021.) This is a 2003 built and 2015 remodeled, 1 bedroom/1 bath, 481 sq ft condo. Broker comments are “Highly desirable, turn key one bedroom condominium perfectly situated in downtown Aspen. Completely gutted and remodeled in 2015, the unit now has all new lighting, hardwood flooring, a modern L-shaped kitchen with breakfast bar featuring quartz countertops and stainless-steel appliances, a nicely remodeled bathroom and contemporary furnishings throughout. The open living area has a large flat screen TV, gas fireplace and a sliding door that reveals extra storage and separates the living space from the bedroom and bathroom to provide privacy when needed. The unit includes central A/C, a stackable washer/dryer, an additional storage area and offers immediate parking right by the door. Located just off the West Hopkins bike/pedestrian path, it is an easy stroll into town for dining and shopping and just a few blocks from the Music Tent, Harris Concert Hall and other recreational activities. Convenient shuttle access to Aspen’s core and ski areas. The beautifully landscaped grounds feature a stream and waterfall that overlooks a central pool and hot tub area. Great rental performance. This well-appointed condominium is move-in ready.” 2020 taxes: $1,832; HOA Dues: $4,446. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 06/24/2021; Sold Date: 07/16/2021. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)

MLS #170458 – Aspen Square, Hotel Condos, Central Core, 617 E Cooper Avenue Unit 217, Aspen, CO; Sold Price: $985,000/$1,985 sq ft; furnished. Sold Date: 07/12/2021. More details below photos.

MLS #170458 – Aspen Square, Hotel Condos, Central Core, 617 E Cooper Avenue Unit 217, Aspen, CO; Sold Price: $985,000/$1,985 sq ft; furnished. Sold Date: 07/12/2021. Aspen condos for sale. Ask Price: $1,100,000. (Original Price: $1,100,000 and 41 days on the market since 06/01/2021.) This is a 1969 built, studio/1 bath, 496 sq ft condo. Broker comments are “Aspen Square is conveniently located in the heart of downtown Aspen. Just 2 blocks from the steps of Aspen Mountain’s Gondola and walking distance to all restaurants, art galleries and shops. Residence 217 is a studio unit with an upgraded kitchen, stainless steel appliances, wood burning fire place, and deck overlooking Strawpile – Aspen Mountain’s fastest ski run. Amenities include an outdoor pool, hot tub, conference center, lock-off owner’s closet and underground parking. Additional large storage closet in the lower level parking garage.” 2020 taxes: $2,265; HOA Dues: $19,996. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 06/28/2021; Sold Date: 07/12/2021. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #169782 – Two Creeks, 641 Two Creeks Drive Drive, Snowmass Village, CO; Sold Price: $8,350,000/$1,564 sq ft; partially furnished. Sold Date: 07/14/2021. More details below photos.

MLS #169782 – Two Creeks, 641 Two Creeks Drive Drive, Snowmass Village, CO; Sold Price: $8,350,000/$1,564 sq ft; partially furnished. Sold Date: 07/14/2021. Snowmass Village homes for sale. Ask Price: $8,500,000. (Original Price: $9,600,000 and on the market since 09/25/2016.) This is a 2000 built, 5 bedroom/5 bath/1 half-bath, 5,337 sq ft single family home with 2 car garage on a 183 sq ft lot. Broker comments, “Ski to the back door of this ski home with 4 acres in Two Creeks. Very private setting with Aspen Trees, Ponds and space. Bonus room that can be used as a 6th bedroom. Refurnished in 20162020 taxes: $24,058; HOA Dues: $1,100. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 04/26/2021; Sold Date: 07/14/2021. (Photos courtesy of Alpine Property Management and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)

MLS #169058 – Chamonix, Condominium, 476 Wood Road #30, Snowmass Village, CO; Sold Price: $1,575,000/$1,362 sq ft; furnished. Sold Date: 07/13/2021. More details below photos.

MLS #169058 – Chamonix, Condominium, 476 Wood Road #30, Snowmass Village, CO; Sold Price: $1,575,000/$1,362 sq ft; furnished. Sold Date: 07/13/2021. Snowmass Village condos for sale. Ask Price: $1,575,000. (Original Price: $1,575,000 and 122 days on the market since 03/13/2021.) This is a 1985 built and 2020 remodeled, 2 bedroom/2 bath, 1,156 sq ft condo. Broker comments, “Stunning contemporary condo located in Chamonix, the premier ski in/ski out condo development in Snowmass Village. This beautifully updated condominium is turn key. All new flooring, lighting, paint, Restoration Hardware furniture, light fixtures, trim, door hardware and window coverings. The spacious private patio is south facing and walks right out onto the slopes. Ski from the private patio or from the locker room. This is a 2 bedroom however the brand new bedroom furniture makes accommodating children and guests very easy. Elevator access right to the condo makes unloading a breeze. A beautifully redone property awaiting new owners to move in, live and enjoy”. 2020 taxes: $3,037; HOA Dues: $34,996. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 06/13/2021; Sold Date: 07/13/2021. (Photos and broker comments courtesy of Christie’s International Real Estate Aspen Snowmass)

MLS #170340 – Aspenwood, Condominium, 600 Carriage Way Way L17, Snowmass Village, CO; Sold Price: $745,000/$696 sq ft; furnished. Sold Date: 07/12/2021. More details below photos.

MLS #170340 – Aspenwood, Condominium, 600 Carriage Way Way L17, Snowmass Village, CO; Sold Price: $745,000/$696 sq ft; furnished. Sold Date: 07/12/2021. Snowmass Village condos for sale. Ask Price: $745,000. (Original Price: $745,000 and 42 days on the market since 05/31/2021.) This is a 1967 built and 2000 remodeled, 2 bedroom/2 bath, 1,070 sq ft condo. Broker comments, “Beautiful updated top floor 2 bedroom 2 bath corner unit. Close proximity to all the conveniences the Snowmass Mall has to offer, short Skittle ride connecting to Base Village and stone’s throw to public transportation. Prime location and great income generator for those looking for an investment. Directions: Brush Creek to upper Snowmelt. Unit across the Snowmelt Rd of parking Lot 9.” 2020 taxes: $2,238; HOA Dues: $13,876. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 06/07/2021; Sold Date: 07/12/2021. (Photos and broker comments courtesy of Compass Aspen)

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