Blog Archives: 2009

The info in this weekly blog, with the exception of my opinions, is generally available to the public from a number of sources but disseminated here at a single location. It’s my intention to report the significant week’s activity but not everything. Quality and accuracy over quantity and hype. Read More

The Madoff clients of Aspen are coping with staggering losses, seeking advice from lawyers and tax experts and, in a few cases, considering selling their homes. A couple of friends launched a support network, the Phoenix Group, vowing to "rise from the ashes."Adding to the anguish, many of their names… Read More

Jan 2009 real estate statistics for Pitkin County (includes all recorded Pitkin County property transfers), compliments of Land Title Guarantee Company, 2/24/09 Summary • Pitkin County reported the best month in the 5 county area (including Routt, Summit, Garfield, Eagle counties!) • Total transactions for Pitkin… Read More

The info in this weekly blog, with the exception of the opinions, is generally available to the public from a number of sources but disseminated here at a single location. It’s my intention to report the significant week’s activity but not everything…quality and accuracy over quantity. For more info… Read More

Scroll down page for current open house information Aspen broker Tim Estin uses print ads to announce open houses and to direct viewers to his website for real time, on demand property specific information. The ad… Read More

The info in this weekly blog, with the exception of my opinions, is generally available to the public from a number of sources but disseminated here at a single location. It’s my intention to report the significant week’s activity but not everything. Quality and accuracy over quantity and hype. Read More

Usually I do the prior week’s market recap over the weekend. I’m two days late and my apology. For photos and more mls data, here’s The MLS Link to the listings discussed below. (2) properties closed: MLS 105527: 1050 Matchless Dr.originally priced at $2.5M, this Smuggler area townhome… Read More

Link to (5) listings discussed here. No closings this past week, but (3) properties were put Under Contract. They are:1) MLS 107945 - 523 W. Bleeker, priced at $5.75M, 4 Bdrm/3 Ba, 2,781 sq ft,totally 2005 redone West End small Victorian. Charming and contemporary interior.. On market 226 days.2) MLS 99384 - 149 Larkspur Ln in Meadowood. $5.75M or $804 per sq ft for brand new construction. This has been a well-known highly motivated developer situation since last summer.5 Bdrm/6+Ba.3) MLS 108312 Snowmass Base Village, new Capitol Peak Lodge condo, priced at $2.775M, 3Bdr,/3Ba (2) New listings of note: Read More

Sales Activity Last week, one property went under contract after 199 days on the market, a new Snowmass Base Village 3 Bdrm/3 Ba, 1498 sq ft slope side condo. Originally priced at $2.995M, it was reduced to $2.495M. Additionally, some Residences at Little Nell fractional units closed according to published reports in the Mountain Business Journal. See the transactions. Seven 3 bedroom units closed in the range of $1.2M-$1.75M. and one 4 bedroom, Unit F313, closed at $2.95M. Read More

Residences at The Little Nell - Scheduled Closings Jan '09 The scheduled January '09 closings at Residences at The Little Nell at the base of the Aspen Mountain Gondola will dominate real estate news in the next few weeks. In Jan to date, there have been approximately (7) closings - of 208 total available units - of the three and four bedroom 1/8th interest fractional units. - Closed Three Bdrms: price range of the closed units last week was $1.1M - $1.65M - Closed Four Bdrms: price of the one unit that closed last week was $2.25M Read More

Two properties went under contract this week. The first property highlights a very motivated situation and is priced extremely well; the second confirms the fact that a buyer(s) will step up for brand new product, especially this stunning new contemporary townhome in the center of Aspen, a five star location: In both these circumstances, quality, superb location and actual comparative value are the key reasons the properties are under contract. Read More

Holiday Sentiment During the Christmas/New Year’s week, hyperbole was rampant. The word from visitors was that there was real estate blood on the Aspen streets (this was before the New Year’s bomb threat incident which closed Downtown Aspen for New Year’s Eve) as they confidently cited a number of incorrect examples of desperate sellers willing to let go of properties at 35-45% off ask price. One gets a sense of sharks circling with a number of prospective buyers saying they’ll wait for more downward movement in prices before striking. The pervasive out-of-towner sentiment seems to be it’s going to get worse in Aspen amidst plenty of uncertainty, fear and devastation in a number of Aspen's historically strong feeder markets ...NYC. East Coast, Miami to name some. Read More