Aspen Real Estate Market  Last Week’s Sales: Jul 12 – 19, 2020 – Week 28

Closed (6) + Under Contract / Pending (39).  [To view the new blog post, you may have to “Clear your Browser Settings”. Go to: Chrome browser/more tools/clear browsing data.]  

07/20/20 Bottom Line: In the next 1-4 weeks, many of the properties recently gone under contract will be closing. The closings will allow us to see price trends in this recent sales spike as a result of the Covid 19 Aspen opening-up in early June. The direction is likely upwards due to strong demand and an increasing number of new listings coming onto the market at a new wave of higher prices. See prior Bottom Line weekly comments, Mar 1-July 20, 20.
Nothing says it like the data here:


Click to enlarge

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Blog Post: Jul 12 – 19, 2020 Aspen CO real estate market activity, Week 28

Closed (6):  These properties went under contract end of April and early May.  MLS#s: 160839, 155436, 161798, 162378, 164750, 164796  This link is valid until 8/18/2020.

Under Contract/Pending (39): MLS#s: 161269, 161338, 161356, 157263, 157788, 158734, 158736, 159792, 159851, 159873, 159971, 160526, 161470, 161754, 162330, 162406, 162531, 162673, 163046, 163988, 164449, 164626, 164708, 164856, 164941, 165018, 165047, 165049, 165069, 165086, 165131, 165132, 165156, 165181, 165243, 165274, 165289, 165335, 165347.  This link is valid until 8/18/2020.

Sold Properties Last Week:

MLS #155436 – Central Core, 706 E Hyman Avenue, Aspen, CO: Sold Price: $7,670,000/$2,968 sq ft; furnished. Sold Date: 07/14/2020. More details below photos.

MLS #155436 – Central Core, 706 E Hyman Avenue, Aspen, CO: Sold Price: $7,670,000/$2,968 sq ft; furnished. Sold Date: 07/14/2020. Aspen townhomes for sale. Ask Price: $7,988,000. (Original Price: $8,888,000 and 652 days on the market since 07/30/2018.) This is a 1988 built and 2016 remodeled, 3 bedroom/4 bath, 2,584 sq ft townhome with 1 car garage. Broker comments are “Prime downtown Aspen location for this impeccable three bedroom townhome. Light and bright with an open kitchen and living with views toward Aspen Mountain. Beautiful remodel including walnut floors, bronze detailing, slab-limestone and a very efficient layout (the home lives larger than you might expect). Nice deck, hot tub, garage and additional parking. Walk everywhere including only three blocks to the gondola.” 2018 taxes: $15,051. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 06/18/2020; Sold Date: 07/14/2020. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #162378 – Durant Condos, Central Core, 748 S Galena Avenue 2-D, Aspen, CO: Sold Price: $3,950,000/$2,007 sq ft; partially furnished. Sold Date: 07/16/2020. More details below photos.

MLS #162378 – Durant Condos, Central Core, 748 S Galena Avenue 2-D, Aspen, CO: Sold Price: $3,950,000/$2,007 sq ft; partially furnished. Sold Date: 07/16/2020. Aspen condos for sale. Ask Price: $4,075,000. (Original Price: $4,375,000 and 1,034 days on the market since 06/24/2015.) This is a 1969 built and 2015 remodeled, 4 bedroom/4 bath/1 half-bath, 1,968 sq ft condo. Broker comments are “Ski-in, ski-out 4 bedroom condominium in the Aspen core. Great Location, complex and unit. Luxury living at its best. Floor to ceiling windows with mountain and town views. Master bedroom, guest master, and additional powder room on main level. Gourmet kitchen with high end appliances, bar island and large pantry. Wood burning fireplace. Main level has AC. Lower level has two large additional bedrooms each ensuite. Den and laundry room; ample closets and storage. Complex was recently updated and features heated pool and hot tub. Professional management. This unit has easy access from parking, very few stairs. Short walk to the gondola and Town. Strong rental history. Vacant. Easy to show.” 2018 taxes: $8,800; HOA Dues: $26,466. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 06/15/2020; Sold Date: 07/16/2020. (Photos and broker comments courtesy of Engel & Volkers)

MLS #160839 – AABC – Aspen Airport Business Center, West Aspen, 309 Pacific Avenue Unit #1, Aspen, CO: Sold Price: $425,000/$591 sq ft; unfurnished. Sold Date: 07/16/2020. More details below photos.

MLS #160839 – AABC – Aspen Airport Business Center, West Aspen, 309 Pacific Avenue Unit #1, Aspen, CO: Sold Price: $425,000/$591 sq ft; unfurnished. Sold Date: 07/16/2020. Aspen condos for sale. Ask Price: $479,000. (Original Price: $499,000 and 344 days on the market since 08/07/2019.) This is a 1980 built, 1 bedroom/1 bath, 718 sq ft condo. Broker comments are “Unique one bedroom, one bath condo unit nestled in the Aspen Airport Business Center and within walking distance to parks, shopping and transportation. Resident to a mixed-use building, this unit has up-close parking and is a private end unit.” 2019 taxes: $1,186; HOA Dues: $4,047. Under Contract Date: 06/08/2020; Sold Date: 07/16/2020. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)

MLS #164750 – Andrews-McFarlin, Central Core Commercial, 412 N Mill Street B-8 and B-10, Aspen, CO: Sold Price: $775,000 sq ft. Sold Date: 07/17/2020. More details below photos.

MLS #164750 – Andrews-McFarlin, Central Core Commercial, 412 N Mill Street B-8 and B-10, Aspen, CO: Sold Price: $775,000 sq ft. Sold Date: 07/17/2020. Aspen commercial industrias for sale. Ask Price: $795,000. (Original Price: $795,000 and 63 days on the market since 05/15/2020.) This is a 1968 built, 1-5 units, 946 sq ft commercial industria. Broker comments are “One-of-a-kind commercial office space located on the river between Mill St and Rio Grande Park.” 2019 taxes: $5,416. Under Contract Date: 05/27/2020; Sold Date: 07/17/2020. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Hyman Ave)

MLS #164796 – Sinclair Meadows, 278 Gambel Way, Snowmass Village, CO: Sold Price: $4,295,000/$1,270 sq ft; unfurnished. Sold Date: 07/15/2020. More details below photos.

MLS #164796 – Sinclair Meadows, 278 Gambel Way, Snowmass Village, CO: Sold Price: $4,295,000/$1,270 sq ft; unfurnished. Sold Date: 07/15/2020. Snowmass Village homes for sale. Ask Price: $4,295,000. (Original Price: $4,295,000 and 365 days on the market since 04/30/2019.) This is a 2015 built, 4 bedroom/4 bath/1 half-bath, 3,380 sq ft single family home with 3 car garage on a 21,174 sq ft lot. Broker comments are “Custom built and designer finished, this Sinclair Meadows home is unique in style and quality. Located in Snowmass’ newest single-family neighborhood, this home’s 4 gracious bedroom suites include two masters and a large bunkroom. The floorplan and layout makes this a perfect permanent residence or vacation getaway. The property is maintained impeccably with substantial outdoor entertaining areas complete with built-in hot tub and BBQ grill. Colorado Buff Stone is utilized throughout the home both inside and out to create a sophisticated yet comfortable mountain charm. The Lutron lighting system operates much of the home’s common areas with one-touch on and off mode plus multiple mood settings. The Savant A/V system is piped throughout the home, and on the patio and deck areas. The exceptional kitchen, dining and great rooms are complimented by a media/bar room which is second to none. This home is a pleasure to show and is very competitively priced at $4,295,000.” 2019 taxes: $11,375; HOA Dues: $2,700. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 06/22/2020; Sold Date: 07/15/2020. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)

MLS #161798 – Divide Subdivision, 189 Aspen Way, Snowmass Village, CO: Sold Price: $3,375,000/$612 sq ft; furnished. Sold Date: 07/15/2020. More details below photos.

MLS #161798 – Divide, 189 Aspen Way, Snowmass Village, CO: Sold Price: $3,375,000/$612 sq ft; furnished. Sold Date: 07/15/2020. Snowmass Village homes for sale. Ask Price: $4,449,000. (Original Price: $4,950,000 and 759 days on the market since 01/10/2018.) This is a 1995 built, 4 bedroom/4 bath/2 half-bath, 5,514 sq ft single family home with 3 car garage on a 43,124 sq ft lot. Broker comments are “This contemporary home is located directly on the Dawdler Ski Run of Snowmass Mountain. A turn-key contemporary blend with large spaces for the family, an oversized wood burning fireplace, gourmet kitchen, and a spacious master bedroom that enjoys privacy, and views. The main level contains three guest bedroom suites with ensuite baths. The backyard flows directly off of the living room level of the home and creates an inviting entertaining space with a jacuzzi and privacy. A true work of art.” 2018 taxes: $27,507; HOA Dues: $6,176. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 05/11/2020; Sold Date: 07/15/2020. (Photos and broker comments courtesy of Engel & Volkers Snowmass)

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