Aspen Real Estate Market Last Week’s Sales: May 2 – 9, 2021 – Week 19
Closed (12) + Under Contract / Pending (16). [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 288 Willoughby Way courtesy of Douglas Elliman Real Estate).
Bottom Line: May 10, 2021: Where is the market now? In the Estin Reports Charts Section, see the Q1 2021 Estin Report Quarterly Charts going back to 2010 by dollar, units sales and inventory for the Aspen and Snowmass markets by overall totals and by single family homes, condos and vacant land.
The April 2021 Aspen Snowmass real estate market report snapshot was posted May 10th in Current Reports – a 10-Pg monthly and YTD report comparing Apr ’21 YOY stats and a separate report comparing Apr 2021 vs Apr 2019 as baseline activity was reduced to practically zero in Mar and Apr 2020 due to the Covid 19 lockdown. The report(s) covers overall sales numbers and sales broken down by property type and neighborhood. It is posted on or near the 1st Monday of the month.
Bottom line Apr 2021: The Aspen Snowmass real estate market continues to show unprecedented strength in this slow re-opening period post Covid 19. For the past 10 months since July 2020, every month has registered record sales for its respective month (Pg5). Year over year (YOY) metrics are staggering because we are comparing current sales to a year ago when the Covid 19 shut down almost all activity. In the absence of meaningful YOY comparison and as Aspen Snowmass real estate activity is seasonal, I’ve included in this post an Apr 2021 vs Apr 2019 market report comparison for perhaps a clearer perspective. I was curious anyways. The number of Aspen properties that went under contract in Apr 21 (this metric is used as a future indicator as a number of these contracts will close in May) was up 750% to (30) from (4) last Apr when Aspen and Snowmass shut down due to Covid 19: in Snowmass Village, under contracts were up 500% to (33) from (6) last Apr same time last year. The rental market for the summer is on fire as more normalcy in this summer’s cultural events return and more people begin to travel in the “opening up” of a post Covid-19 US.
Apr 2021 Aspen Snowmass Real Estate Market Report Apr 2021 vs Apr 2019 Aspen Snowmass Real Estate Market Report
The Estin Report Aspen Snowmass 2021 ws was released Jan 8, 21 in Current Reports. It can be read online or downloaded as PDF. A 32-Pg print edition is available outside Sotheby’s 415 E Hyman on the Hyman Mall, Sotheby’s 300 S Spring St (my office across from the Aspen Art Museum), at the Aspen Chamber Information Kiosk across from Paradise Bakery and the Pitkin County (ASE) airport. If you have difficulty downloading the report PDF, please contact me directly and I’d be pleased to send it.
Blog Post: May 2 – 9, 2021 Aspen CO real estate market activity, Week 19
Closed (12): MLS#s: 156735, 164732, 166088, 166244, 167470, 168023, 168784, 168955, 169098, 169140, 169413, 169833. This link is valid until 6/8/2021.
Under Contract/Pending (16): MLS#s: 160664, 165296, 168433, 168972, 169220, 169234, 169338, 169361, 169406, 169476, 169657, 169747, 169751, 169760, 169796, 169798. This link is valid until 6/8/2021.
Sold Properties Last Week:
MLS #169833 – Green Acres, Red Mountain, 288 Willoughby Way, Aspen, CO; Sold Price: $31,000,000/$2,916 sq ft; partially furnished. Sold Date: 05/05/2021. More details below photos.
MLS #169833 – Green Acres, Red Mountain, 288 Willoughby Way, Aspen, CO; Sold Price: $31,000,000/$2,916 sq ft; partially furnished. Sold Date: 05/05/2021. Aspen homes for sale. Ask Price: $3,000,000. (Original Price: $33,000,000 and 39 days on the market since 03/27/2021. The property closed 12/16/20 at $29.659M/$2,790 SF partially furnished.) Tim’s notes: The property sold twice in less than 6 months: The property offers the Roaring Fork river and mountain views, a highly prized and rare combination, on one of Aspen’s most esteemed Red Mountain locations. Anecdotally, I have heard the new Dec 2020 owner received an unsolicited bid amidst rumors that he was not going to be able to spend the time in Aspen that he’d anticipated. When he received an offer that basically make him whole, he accepted.) This is a 2010 built, 6 bedroom/6 bath/2 half-bath, 10,629 sq ft single family home with 2 car garage on a 42,688 sq ft lot. Broker comments are “Sold before MLS.” 2020 taxes: $61,388. Under Contract Date: 04/01/2021; Sold Date: 05/05/2021. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Durant)
MLS #166088 – West End, 440 N Fifth Street, Aspen, CO; Sold Price: $10,800,000/$2,051 sq ft; furnished. Sold Date: 05/03/2021. More details below photos.
MLS #166088 – West End, 440 N Fifth Street, Aspen, CO; Sold Price: $10,800,000/$2,051 sq ft; furnished. Sold Date: 05/03/2021. Aspen homes for sale. Ask Price: $11,500,000. (Original Price: $12,250,000 and 259 days on the market since 08/17/2020.) This is a 2005 built, 4 bedroom/4 bath/2 half-bath, 5,265 sq ft single family home with 2 car garage on a 6,000 sq ft lot. Broker comments are “Unique opportunity to own a corner lot home in Aspen’s coveted West End. This current four-bedroom home can easily be converted back to five bedrooms. Great south facing outside deck off the great room and additional outdoor space throughout. Family-friendly floorplan features an open kitchen, family room, great room, and office. Lower level features a second entertaining area complete with bar, wine cellar, media room, and pool table.” 2019 taxes: $23,954. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/13/2021; Sold Date: 05/03/2021. (Photos and broker comments courtesy of Compass Aspen)
MLS #168023 – Maroon Creek Club, West Aspen, TBD Pfister Drive, Aspen, CO; Sold Price: $9,250,000. Vacant land / lot for sale: Sold Date: 05/03/2021. More details below photos.
MLS #168023 – Maroon Creek Club, West Aspen, TBD Pfister Drive, Aspen, CO; Sold Price: $9,250,000; Vacant land / lot for sale: Sold Date: 05/03/2021. Aspen lots for sale. Ask Price: $9,950,000. (Original Price: $9,950,000 and 724 days on the market since 01/16/2018.) This is a 102,758 sq ft single family vacant lot. Broker comments are “Get it while you can. One of the few remaining single family lots inside Aspen city limits, and it’s at the world renowned Maroon Creek Club. Build a total of 14,750 sf = 10,000 sf above grade heated living FAR, 4000 sf exempt below grade, 750 sf exempt garage, . Sweeping sunrise views east, unobstructed all-day sun south where you border 1+ acres green-space ‘woods’ for unlimited privacy. Nestled into a natural swale, this site is simply enchanting, a must walk to appreciate. South yard is everybody’s dream location for a pool, outdoor living, water features, outdoor gym, outdoor showers, more. BowdeHomes can design/build, GC, owners rep or help you build your own team.” 2019 taxes: $41,443; HOA Dues; $5,151. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/16/2021; Sold Date: 05/03/2021. (Photos courtesy of Coldwell Banker Mason Morse-Aspen and broker comments courtesy of Bowden Homes)
MLS #156735 – Der Berghof, Central Core, 100 E Cooper Avenue 7, Aspen, CO; Sold Price: $4,750,000/$3,253 sq ft. Sold Date: 05/07/2021. More details below photos.
MLS #156735 – Der Berghof, Central Core, 100 E Cooper Avenue 7, Aspen, CO; Sold Price: $4,750,000/$3,253 sq ft. Sold Date: 05/07/2021. Aspen townhomes for sale. Ask Price: $4,995,000. (Original Price: $5,500,000 and 912 days on the market since 11/07/2018.) This is a 2014 built, 3 bedroom/3 bath, 1,460 sq ft townhome. Broker comments are “A masterful two-story corner residence by renowned architects, Rowland and Broughton, captivates with a top level setting, prime Aspen Core location and unobstructed views of Aspen Mountain, forever be protected, thanks to zoning laws. Entertaining is the central theme in this 1,460-square-foot residence, with an open kitchen and entertaining space that opens to a large, private 142 square feet outdoor deck with built-in Viking grill. The living room offers the warmth of a fireplace and a dramatic wall of glass opening to reveal the outdoor deck. Abundant natural light cascades through the entire three-bedroom, three-bath residence, via large windows and high ceilings. Aspen’s natural beauty lies just beyond. A side terrace captures afternoon and sunset views of Shadow Mountain. Rich details and quality craftsmanship elevate the luxury felt inside and out, including custom imported artisanal marble bathroom finishes, custom ironwork, custom artisanal glass work in cabinetry and front door, Sherle Wagner hardware, a gas fireplace with Dennis & Leen mantle and more. In the kitchen, high-end Sub-Zero and Wolf appliances blend artfully with leathered granite countertops, under cabinet lighting and elegant crystal pendant lighting. Thoughtful modern-day touches make mountain living a luxury: heated flooring, ski storage, snow melt, Hunter Douglas automated window treatments, programmable lighting zone system, forced air heat and air conditioning, Sonos sound system, state-of-the-art security system and assigned parking, plus permit for an additional street parking. This is a rare opportunity to own a coveted and furnished penthouse-styled residence in an exclusive building, just steps from parks, hiking and biking trails and only two blocks from Lift 1A, five blocks to the gondola, restaurants and shopping in Aspen Core.” 2019 taxes: $9,107; HOA Dues: $9,036. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/24/2021; Sold Date: 05/07/2021. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)
MLS #167470 – Meadowood, West Aspen, 123 Larkspur Lane, Aspen, CO; Sold Price: $4,700,000/$1,478 sq ft; unfurnished. Sold Date: 05/03/2021. More details below photos.
MLS #167470 – Meadowood, West Aspen, 123 Larkspur Lane, Aspen, CO; Sold Price: $4,700,000/$1,478 sq ft; unfurnished. Sold Date: 05/03/2021. Aspen homes for sale. Ask Price: $5,150,000. (Original Price: $5,150,000 and 108 days on the market since 11/09/2020.) This is a 1972 built and 2019 remodeled, 3 bedroom/3 bath/1 half-bath/1 3/4 bath, 3,178 sq ft single family home with 2 car garage on a 25,091 sq ft lot. Broker comments are “Very private, beautiful family home on a very mature and luscious landscaped lot tucked into the back of Meadowood. Straight on views of Shadow Mountain, Red Mountain, Hunter Creek as well amazing views down valley looking west. As you enter this home you are greeted with towering ceilings and extensive windows that bring the wonderful views from outdoors directly in to your living space. Comfortable main floor layout including a sunken, very generous sized master bedroom complete with a walk-in cedar closet (master bedroom is air conditioned). Ample deck space outdoors and landscaped fenced yard and water feature/pond perfect for pets and/or entertaining. This is a must see home in one of the most best kept secret neighborhoods in all of Aspen. Kitchen was remodeled 2019 and home was repainted summer 2020. New boiler and water heater summer 2020.” 2019 taxes: $17,833; HOA Dues: $842. Under Contract Date: 03/02/2021; Sold Date: 05/03/2021. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Hyman Ave)
MLS #169098 – Chateau Blanc, Condominium, Central Core, 901 E Hyman Avenue #9, Aspen, CO; Sold Price: $1,850,000/$2,114 sq ft; partially furnished. Sold Date: 05/03/2021. More details below photos.
MLS #169098 – Chateau Blanc, Condominium, Central Core, 901 E Hyman Avenue #9, Aspen, CO; Sold Price: $1,850,000/$2,114 sq ft; partially furnished. Sold Date: 05/03/2021. Aspen condos for sale. Ask Price: $2,100,000. (Original Price: $2,100,000 and 397 days on the market since 11/05/2019.) This is a 1966 built and 2019 remodeled, 2 bedroom/2 bath, 875 sq ft condo. Broker comments are “A unique opportunity to own a spacious 2 bedroom/2 bathroom central core condo. This corner unit, located on the second floor is a short distance to the Aspen Mountain Gondola. Recently remodeled, this convenient unit boasts light, bright, easy living. Sit by the wood burning fireplace after a long day on the slopes. Ski locker storage, washer/dryer in unit, and common area parking. Great income producing property with low HOA dues and no rental restrictions.” 2020 taxes: $2,980; HOA Dues: $5,940. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/07/2021; Sold Date: 05/03/2021. (Photos and broker comments courtesy of Compass Aspen)
MLS #168955 – Tailings, Smuggler, 424 Park Circle 3, Aspen, CO; Sold Price: $1,800,000/$1,630 sq ft; partially furnished. Sold Date: 05/04/2021. More details below photos.
MLS #168955 – Tailings, Smuggler, 424 Park Circle 3, Aspen, CO; Sold Price: $1,800,000/$1,630 sq ft; partially furnished. Sold Date: 05/04/2021. Aspen townhomes for sale. Ask Price: $1,875,000. (Original Price: $1,875,000 and 57 days on the market since 03/08/2021.) This is a 1973 built and 2006 remodeled, 2 bedroom/2 bath/1 half bath, 1,104 sq ft townhome. Broker comments are “This 2 bedroom townhome located just east of downtown Aspen offers convenience to hiking, town and Aspen Mountain views from your private deck. Two story floorplan offers a separation of bedrooms and living level. Granite kitchen with a Subzero fridge, Viking range, and double ovens. Located on the bus route for free transportation right to the gondola. Cozy up after skiing by the two fireplaces or enjoy a relaxing steam shower. A/C on lower level and two assigned off-street parking spots.” 2020 taxes: $2,896; HOA Dues: $9,000. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/09/2021; Sold Date: 05/04/2021. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)
MLS #166244 – Aspen Square, Condominium, Central Core, 617 E Cooper Avenue 215, Aspen, CO; Sold Price: $910,000/$1,834 sq ft; furnished. Sold Date: 05/05/2021. More details below photos.
MLS #166244 – Aspen Square, Condominium, Central Core, 617 E Cooper Avenue 215, Aspen, CO; Sold Price: $910,000/$1,834 sq ft; furnished. Sold Date: 05/05/2021. Aspen condos for sale. Ask Price: $970,000. (Original Price: $995,000 and 253 days on the market since 08/25/2020.) This is a 1969 built, 1 bath, 496 sq ft condo. Broker comments are “Remodeled second floor, south facing Aspen Square Fireside Studio with views of Aspen Mountain’s Gent’s Ridge, Bell Mountain, and Trainers from the private balcony overlooking the pool courtyard area. There is no street noise being located in the center of the complex. Preferred management layout with king bed, dresser to the side and flat screen above. Fresh white walls and ceiling offer a clean, contemporary feel. A wood burning fireplace warms the space. An upgraded u-shaped kitchen features stainless appliances and a bar area with seating for two. An in-unit lock-off owners storage locker allows you to leave your skis, boards and boots behind. Glass shower enclosure with custom tile and bench. Aspen Square Amenities include pool, hot tubs, fire pit, fitness center, conference room, front desk, concierge, underground parking, elevator, and daily housekeeping service. Walk across the street to the Silver Queen Gondola in the heart of downtown Aspen.” 2020 taxes: $2,470; HOA Dues: $19,996. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/12/2021; Sold Date: 05/05/2021. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #169140 – Hunter Creek, Condominium, Smuggler, 1211 Vine Street, Aspen, CO; Sold Price: $830,000/$997 sq ft; unfurnished. Sold Date: 05/03/2021. More details below photos.
MLS #169140 – Hunter Creek, Condominium, Smuggler, 1211 Vine Street, Aspen, CO; Sold Price: $830,000/$997 sq ft; unfurnished. Sold Date: 05/03/2021. Aspen condos for sale. Ask Price: $850,000. (Original Price: $875,000 and 43 days on the market since 03/21/2021.) This is a 1985 built, 2 bedroom/1 bath, 832 sq ft condo. No broker comments. 2020 taxes: $1,800; HOA Dues: $5,003. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/21/2021; Sold Date: 05/03/2021. (Photos and broker comments courtesy of Aspen Real Estate Company)
MLS #164732 – Horse Ranch, 48 Spur Ridge Lane, Snowmass Village, CO; Sold Price: $5,300,000/$1,338 sq ft; furnished. Sold Date: 05/03/2021. More details below photos.
MLS #164732 – Horse Ranch, 48 Spur Ridge Lane, Snowmass Village, CO; Sold Price: $5,300,000/$1,338 sq ft; furnished. Sold Date: 05/03/2021. Snowmass Village homes for sale. Ask Price: $5,895,000. (Original Price: $5,395,000 and 249 days on the market since 06/02/2020.) This is a 1996 built and 2020 remodeled, 3 bedroom/3 bath/1 half-bath, 3,961 sq ft single family home with 3 car garage on a 19,300 sq ft lot. Broker comments are “The TOSV has approved the permit for the build out of the 4th bedroom/full bath, mudroom and laundry. Cost for the additional sq footage Is $105,000 and construction cost is approximately $75,000. Finish this home your own way with the 4th bedroom as designed or perhaps an office or library. Thus Stunning new 3 bedroom/3.5 bath custom home in Horse Ranch designed by Kristen Dittmar Design with architecture by Scott Broughton is offered turn-key, fully furnished including furnishings. This home was built as a primary residence, not as a ”spec home.” No detail has been overlooked as you will see in the superior level of finishes throughout. 16 ft vaulted ceilings in the expansive great room, and a stunning custom chefs kitchen featuring Sub Zero/Wolf appliances. The lavish Master Suite boasts spacious custom walk-in closets, a spa like master bath with steam shower and soaking tub. The lower level has a large media room with wet bar, 2 bedrooms each with their own full en-suite bath. Heated driveway and an oversized two-car gara.” 2020 taxes: $6,164; HOA Dues: $190. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 03/25/2021; Sold Date: 05/03/2021. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #168784 – Tamarack, Condominium, 135 Carriage Way Unit 36, Snowmass Village, CO; Sold Price: $1,000,000/$807 sq ft; furnished. Sold Date: 05/05/2021. More details below photos.
MLS #168784 – Tamarack, Condominium, 135 Carriage Way Unit 36, Snowmass Village, CO; Sold Price: $1,000,000/$807 sq ft; furnished. Sold Date: 05/05/2021. Snowmass Village condos for sale. Ask Price: $1,050,000. (Original Price: $1,050,000 and 71 days on the market since 02/23/2021.) This is a 1969 built and 1980 remodeled, 3 bedroom/3 bath, 1,238 sq ft condo. Broker comments are “Tamarack 36 has one of the most desirable locations in the Tamarack complex located across from the Treehouse, Gondola and public transportation. The property has magnificent unobstructed down valley views from both the living room and master bedroom. This corner townhome enjoys a spacious front yard with storage for ski gear in a closet right outside the front door. If you are ready to enjoy everything that Snowmass has to offer than this exclusive property may fulfill your dreams!” 2020 taxes: $2,784; HOA Dues: $18,350. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 03/06/2021; Sold Date: 05/05/2021. (Photos and broker comments courtesy of Douglas Elliman Real Estate-SMV)
MLS #169413 – Assay Hill Lodge, Condominium, 130 Wood Road 435, Snowmass Village, CO; Sold Price: $615,000/$1,065 sq ft; furnished. Sold Date: 05/06/2021. More details below photos.
MLS #169413 – Assay Hill Lodge, Condominium, 130 Wood Road 435, Snowmass Village, CO; Sold Price: $615,000/$1,065 sq ft; furnished. Sold Date: 05/06/2021. Snowmass Village condos for sale. Ask Price: $615,000. (Original Price: $615,000 and 35 days on the market since 04/01/2021.) This is a 2009 built and 2018 remodeled, 1 bedroom/1 bath, 577 sq ft condo. Broker comments are “Imagine having a Box Seat in the 1st row on the 50 yard line, at the Super Bowl!… A few steps from the Front Desk in the Lobby, and a few more steps to some of the best dining Snowmass Village has to offer, for breakfast, lunch, and dinner. A luxury ski-in/ski-out residence, with 5-Star service from the time you drive up to the most welcoming Valet, to the time you check out, you are reminded of how special you truly are.” 2020 taxes: $299; HOA Dues: $15,188. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 04/06/2021; Sold Date: 05/06/2021. (Photos and broker comments courtesy of Jody Mack)
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