Aspen Real Estate Market  Last Week’s Sales: Jun 21 – 28, 2020 – Week 25

Closed (5) + Under Contract / Pending (17).  [To view the new blog post, you may have to “Clear your Browser Settings”. Go to: Chrome browser/more tools/clear browsing data.]  

06/29/20 Bottom Line: Another huge week of sales activity for Aspen and Snowmass real estate…With (17) properties going under contract last week, the 3-week total of under contracts is (52) properties at a total ask price value of $247MM. This includes a brand new home on Placer Ln on Red Mountain at $33.5M/$3,345 sq ft ask,  (4) priced between $11M-$25M ask and (11) properties at prices over $2,000 sq ft ask.  In a clear departure  from the Aspen-centric sales pattern that has dominated our local sales of the past few years, in June, properties have gone under contract throughout the entire upper Roaring Fork Valley. There were  (27) in Aspen, (17) in Snowmass village, (3) in Woody Creek (3) and (5) in Old Snowmass, a clear and healthy indication that the geographic rings of interest have finally expanded outwards beyond Aspen.

06/22/20 Bottom Line:  Aspen and Snowmass real estate sales are surging across the board in all categories. The local opening up from Covid-19 restrictions has unleashed a wave of pent-up demand. See post.

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Blog Post: Jun 21 – 28, 2020 Aspen CO real estate market activity, Week 25

Closed (5):  These properties went under contract end of April and early May.  MLS#s: 161991, 164312, 163704, 164201, 160005.  This link is valid until 7/28/2020.

Under Contract/Pending (17): MLS#s: 163292, 160871, 154161, 154999, 155077, 155116, 155812, 159236, 159873, 160036, 163107, 163523, 164143, 164737, 164796, 164819, 164940.  This link is valid until 7/28/2020.

Sold Properties Last Week:

MLS #161991 – The Preserve Subdivision (1 mile west of North Star Preserve), East Aspen, 40 Northstar Circle, Aspen, CO: Sold Price: $12,500,000/$986 sq ft; furnished. Sold Date: 06/24/2020. More details below photos.

MLS #161991 – North Star, East Aspen, 40 Northstar Circle, Aspen, CO: Sold Price: $12,500,000/$986 sq ft; furnished. Sold Date: 06/24/2020. Aspen homes for sale. Ask Price: $14,900,000. (Original Price: $17,900,000 and 231 days on the market since 11/06/2019. The seller paid $13.35M on 4/16/10.) This is a 2002 built and 2012 remodeled, 7 bedroom/3 bonus rooms/1 den/8 bath/4 half-bath, 12,665 sq ft single family home with 3 car garage on a 1.3 acres lot. Broker comments are “You might expect to find this exquisite seven bedroom luxury home in the French countryside however, it is nestled in a private wooded enclave just over a mile east of the Aspen Mountain Gondola. Gorgeous stonework, curved arches and huge reclaimed wood beams emanate rustic warmth. Intelligent design created gathering spaces and private, contemplative places inside and out. Interior highlights include 3 beautiful master suites, 4 welcoming guest suites, 6 fireplaces, a handsome English Gentleman’s pub, 825-bottle wine room, theater, delightful ”Cowboy and Indian” themed recreation room, fitness room with massage table, and 800-gallon saltwater aquarium. Entertain small or large groups outdoors among lovely gardens, five ponds, two waterfalls, fire pit, hot tub, and mountain views. When it’s time to relax, head to the pool house with indoor pool, hot tub, and sauna or steal away to the meditation garden.” 2019 taxes: $30,052; HOA Dues: $6,000. Under Contract Date: 05/13/2020; Sold Date: 06/24/2020. (Photos and broker comments courtesy of Engel & Volkers)

MLS #164312 – Historic West End, 725 W Smuggler Street, Aspen, CO: Sold Price: $4,600,000/$924 sq ft; unfurnished. Sold Date: 06/24/2020. More details below photos.

MLS #164312 – Townsite of Aspen – West End, 725 W Smuggler Street, Aspen, CO: Sold Price: $4,600,000/$924 sq ft; unfurnished. Sold Date: 06/24/2020. Aspen homes for sale. Ask Price: $4,900,000. (Original Price: $4,900,000 and 44 days on the market since 05/11/2020. The seller paid $2.295M in 8/19/12.) This is a 4 bedroom/4 bath/2 half-bath, 4,976 sq ft single family home on a 6,000 sq ft lot. Broker comments are “Customize this West End home to truly be yours at a reasonable price. This is an opportunity to buy this property with remodel plans and permits in place. The interior of the home is currently down to the sub floor and studs, ready for your choice of finishes. Inquire for builder budget and timeline that has this home move-in ready for under $1800 per square foot. One block to the Aspen Institute, Aspen Music Festival & School performances, Physics Institute, Aspen Meadows, bike paths and more.” 2019 taxes: $10,241. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 05/27/2020; Sold Date: 06/24/2020. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Durant)

MLS #163704 – Alpine Grove Condominiums, West Aspen, 416 Pacific Avenue B, Aspen, CO: Sold Price: $510,000/$742 sq ft; unfurnished. Sold Date: 06/26/2020. More details below photos.

MLS #163704 – Alpine Grove Condos, West Aspen, 416 Pacific Avenue B, Aspen, CO: Sold Price: $510,000/$742 sq ft; unfurnished. Sold Date: 06/26/2020. Aspen condos for sale. Ask Price: $549,000. (Original Price: $549,000 and 66 days on the market since 04/01/2020.) This is a 2 bedroom/1 bath, 687 sq ft condo. Broker comments are “Newly remodeled and ready to move in immediately. This affordable, free market 2 bedroom / 1 bath condo features all new flooring, appliances, paint, bathroom vanity, lighting, and much more. Relax on your private deck which is located just a few steps from the hot tub and pool. There is a stackable Washer/Dryer in the unit. Large basement storage for bikes, paddle boards, and all of your extra gear. Pet friendly HOA for owners and tenants. Your HOA dues cover all expenses less electric and cable. Reserved parking in front of unit. Alpine Grove is conveniently located 3 miles West of Aspen, near the Aspen Airport, Rio Grande Trail, Roxy’s Market, and the Roaring Fork River.” 2019 taxes: $1,104; HOA Dues: $681. Under Contract Date: 05/13/2020; Sold Date: 06/26/2020. (Photos and broker comments courtesy of Engel & Volkers)

MLS #164201 – Meadow Ranch Condos, 141 Meadow Ranch Road Unit F-3-A, Snowmass Village, CO: Sold Price: $800,000/$646 sq ft; unfurnished. Sold Date: 06/23/2020. More details below photos.

MLS #164201 – Meadow Ranch Condominiums, 141 Meadow Ranch Road Unit F-3-A, Snowmass Village, CO: Sold Price: $800,000/$646 sq ft; unfurnished. Sold Date: 06/23/2020. Snowmass Village condos for sale. Ask Price: $830,000. (Original Price: $830,000 and 50 days on the market since 05/04/2020.) This is a 1976 built and 2019 remodeled, 2 bedroom/1 bath/1 half-bath, 1,238 sq ft condo. Broker comments are “Beautifully remodeled top to bottom spacious, open living, kitchen and dining area, light, bright & inviting. Perfect mountain modern getaway or full time living. Easily accessible storage area for all the bikes, paddle boards & other toys.” 2019 taxes: $2,539; HOA Dues: $1,747. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 05/19/2020; Sold Date: 06/23/2020. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #160005 – Top of Village Condominiums, 855 Carriage Way Summit 205, Snowmass Village, CO: Sold Price: $660,000/$611 sq ft; partially furnished. Sold Date: 06/22/2020. More details below photos.

MLS #160005 – Top of Village, 855 Carriage Way Summit 205, Snowmass Village, CO: Sold Price: $660,000/$611 sq ft; partially furnished. Sold Date: 06/22/2020. Snowmass Village condos for sale. Ask Price: $695,000. (Original Price: $730,000 and 368 days on the market since 06/20/2019.) This is a 1974 built and 1999 remodeled, 2 bedroom/2 bath, 1,080 sq ft condo. Broker comments are “A lovely, warm condominium magically set in a serene setting of aspens with the slopes for ski-in/out just beyond. Taken down to the studs, this condo was upgraded with new wiring and plumbing, wood floors, renovated baths, and a new contemporary kitchen with beautiful cabinets and built-ins. A sunny, south-facing deck provides great views of skiers in the winter, deer, fox and the occasional hiker in the summer. Other features include lots of storage and a wood burning fireplace with custom-carved surround and mantle. No stairs to the elevator – one level down to skiing on Dawdler Trail – slope access couldn’t be easier. Assigned carport space is near elevator. From here, phenomenal hiking & mtn-biking trail network access. A quiet, private retreat.” 2019 taxes: $2,107; HOA Dues: $14,732. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 05/19/2020; Sold Date: 06/22/2020. (Photos and broker comments courtesy of Compass SMV)

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