Blog Archives: July 2012

Scroll down page past the 2Q/1H 2012 State of the Aspen Market report for last week’s market activity. The past month’s blog posts appear below and links to prior blog entries are listed chronologially at the bottom of this page – use down arrow… Read More

Scroll down page past the 2Q/1H 2012 State of the Aspen Market report for last week’s market activity Tim Estin is a leading Aspen broker with Coldwell Banker Mason Morse located in the center of downtown. This… Read More

Scroll down page past June 2012 Monthly Snapshot for last week’s market activity Tim Estin is a leading Aspen broker with Coldwell Banker Mason Morse located in the center of downtown. This blog, Tim Estin’s www.AspenRealEstateBlog.com, is… Read More

These are the best noteworthy contemporary designed properties on the market today. This is not a complete list and is subject to change. For more information on these or other great properties, and for fantastic deals...email or call Tim at 970.920.7387. Read More

As of May, real estate was lagging in 2012 due to lack of big ticket, $10M plus, property sales Many real estate agents say the large volume of high-end sales in the first half of 2011 is one of the main reasons for the discrepancy. In the greater Aspen/Snowmass area, a total of four single-family homes sold for more than $10 million from January through May 2012, compared to 12 during the same time period in 2011, according to Coldwell Banker Mason Morse broker Tim Estin. And in both cases, most of the homes sold were built after 2005, Estin wrote in his monthly report. “Proof of new-built developer inventory being depleted,” he wrote. “New, at the new normal, sells.” According to Estin’s statistics, year-to-date dollar volume is down even further in the greater Aspen/Snowmass area (which includes Woody Creek and Old Snowmass)—25 percent—than in Pitkin County as a whole. Drilling down even further, things are best in Snowmass Village, which is less down, at 13 percent, in dollar volume than the other communities. In 2011, real estate sales were all over the map, although in general the numbers surged in the first half of the year and then gradually tapered off during the last six months. By Catherine Lutz, July 5, 2012 ABJ Read More

As of May, real estate was lagging in 2012 due to lack of big ticket, $10M plus, property sales

Many real estate agents say the large volume of high-end sales in the first half of 2011 is one of the main reasons for the discrepancy. In the greater Aspen/Snowmass area, a total of four single-family homes sold for more than $10 million from January through May 2012, compared to 12 during the same time period in 2011, according to Coldwell Banker Mason Morse broker Tim Estin. And in both cases, most of the homes sold were built after 2005, Estin wrote in his monthly report. “Proof of new-built developer inventory being depleted,” he wrote. “New, at the new normal, sells.” According to Estin’s statistics, year-to-date dollar volume is down even further in the greater Aspen/Snowmass area (which includes Woody Creek and Old Snowmass)—25 percent—than in Pitkin County as a whole. Drilling down even further, things are best in Snowmass Village, which is less down, at 13 percent, in dollar volume than the other communities. In 2011, real estate sales were all over the map, although in general the numbers surged in the first half of the year and then gradually tapered off during the last six months.

By Catherine Lutz, July 5, 2012 ABJ Read More

Given the level of uncertainty, Tim Estin, [an Aspen broker with Coldwell Banker Mason Morse], said he is pleased by the number of transactions this year, even though the dollar volume is down. Estin writes a quarterly market analysis called The Estin Report and he takes a snapshot look each month. For his report, he examines sales data for Aspen, Snowmass Village, Old Snowmass and Woody Creek. He doesn't look at fractional-ownership sales because mass closings at any given time can skew data, he said. In the geographic area where he is looking, the number of transactions during the first half of 2012 was “so close” to the same period of 2011. That is significant, he said, because that shows buyers are out there. By Scott Condon, July, 3 2012 AT Read More

Scroll down page past June 2012 Monthly Snapshot for last week’s market activity Tim Estin is an active Aspen real estate broker with Coldwell Banker Mason Morse located in the center of Aspen. This blog, Tim Estin’s… Read More

Special to the Summit Daily, Breckinridge and Frisco, CO In a recent article, Aspen real estate broker Tim Estin stated “When vacant land sales start to turn, it is typically a marker for a bottom and indicative of a significant market change.” According… Read More