Blog Archives: 2012

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

Scroll down page past May 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, www.AspenRealEstateBlog.com or Tim Estin’s blog, is released Monday mornings… Read More

Scroll down page past May 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, www.AspenRealEstateBlog.com or Tim Estin’s blog, is released Monday mornings and sometimes… Read More

Scroll down page past May 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, www.AspenRealEstateBlog.com or Tim Estin’s blog, is released Monday mornings and sometimes… Read More

The dollar volume of Aspen home sales declined 27 percent this year through May from the same period in 2011, to $277 million, according to Estin, publisher of the Estin Report, a monthly analysis of the Aspen home market. He wasn’t involved in the Paulson… Read More

Scroll down page past May 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, www.AspenRealEstateBlog.com or Tim Estin’s blog, is released Monday mornings and sometimes… Read More

Scroll down page 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, www.AspenRealEstateBlog.com or Tim Estin’s blog, is released Monday mornings and sometimes in-between. The Estin Reports… Read More

Scroll down page 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, www.AspenRealEstateBlog.com or Tim Estin’s blog, is released Monday mornings and sometimes in-between. The Estin Reports… Read More

Tim Estin, a broker with Coldwell Banker Mason Morse, said via email. “I think in the early days of Base Village development of 2005, the Little Nell hotel was very important for the future of the Base Village because it served as validation or imprimatur of the quality of development in which the Base Village aspired to, The Viceroy now offers a very high-end ski in-out experience,” Estin said. “And additional factors now play a part, such as the redevelopment of the Westin hotel and the quality that their redevelopment will offer.” SNOWMASS VILLAGE REAL ESTATE — When Related Companies put Base Village under contract recently, the package of assets did not include the right to brand and operate a hotel as The Little Nell Snowmass. “The license agreement was terminated in late 2010,” said Jeff Hanle, spokesman for Aspen Skiing Co. Skico owns and operates The Little Nell hotel at the base of Aspen Mountain and owns the rights to the brand.The Little Nell in Aspen is one of only three hotels at ski areas in the west that carry both a five-star and a five-diamond rating, along with the Stein Erickson Lodge in Deer Valley, Utah, and the Four Seasons in Jackson Hole, Wyo. Read More