Tim Estin MBA, GRI

Aspen CO Real Estate Broker
Call Tim:(970) 309-6163
Strong October Real Estate Sales Boost Year End Prospects, ABJ Image

Strong October Real Estate Sales Boost Year End Prospects, ABJ

ASPEN REAL ESTATE - Tim Estin, a real estate agent with Coldwell Banker Mason Morse who releases regular market updates, reported a surge of single-family home sales in Aspen in October. With 15 in October 2012 and six the same month the prior year, this October had the highest number of single-family home sales in four years.And although November was off in terms of dollar volume, according to Estin, December is poised to be a big month with 25 pending listings expected to close by year’s end, with a total worth of $103 million. Three of the properties are the kind of high-dollar sales that dominated 2011—ranging from $14.75 million to $23.5 million. Closings in December 2011 accounted for $51 million, according to Estin, allowing that year to end with a whimper and almost even with 2010. Estin anticipates that 2012 dollar volume from upper valley sales will be close to 2011, about $50 million to $100 million less. By Catherine Lutz, Dec. 10, 2012 ABJ The Estin Report: November 2012 Aspen Market Snapshot Read More

September Sales Jump Due to Snowmass Base Village Closing, ABJ Image

September Sales Jump Due to Snowmass Base Village Closing, ABJ

Breaking down the statistics illuminates further trends. ASPEN REAL ESTATE — In the upper valley market, from Aspen to Old Snowmass and including Snowmass Village, the number of sales—235—is even with last year through September, according to Tim Estin, a broker with Coldwell Banker Mason Morse who does his own monthly and quarterly reports. Overall dollar volume is down 12 percent, mainly due to 30 percent fewer big-ticket sales this year, which Estin claims accounts for almost the entire dollar volume difference between this year and last. Still, overall third-quarter sales were strong, up 25 percent in dollars ($240.4 million) and 13 percent in unit sales (81) compared to the period of July 1 to Sept. 30 last year, according to Estin. The past few years have started out strong and sputtered to a close, but this year had the strongest third quarter of the past four years, Estin reported. A particularly strong segment is Aspen single-family home sales. Aspen (which for Estin includes Woody Creek and Old Snowmass) accounted for 83 percent of the overall dollar volume in the third quarter, and Aspen single-family home sales accounted for 56 percent of that dollar volume. Aspen homes sales were up 46 percent in dollar volume and 22 percent in number of sales in the third quarter. And the surge appears to have continued in October—Estin recently reported 15 sales of single-family homes in Aspen compared to six in October 2011. Commensurate with this was a 3 percent increase in the median home price ($3.8 million) and a 13 percent increase in the price per square foot ($1,013) in the third quarter. “Both metrics … can be seen as positive signs of home price stabilization,” Estin wrote. By Catherine Lutz, Nov. 7, 12 ABJ Snowmass Base Village Read More

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