825 W Smugger above and 837 W Smuggler below sold to the same buyer family. (Photos courtesy of Aspen Snowmass Sotheby’s International Realty.)

Aspen Real Estate Market  Last Week’s Sales: Feb 21- 28, 21 – Week 9

Closed (12) + Under Contract / Pending (34).  [To view the new blog post, you may have to “Clear your Browser Settings”.  Go to: Chrome browser/more tools/clear browsing data.] 

The Feb 2021 Market Snapshot was posted Mar 3rd in Current Reports – a 10-Pg  report on monthly and YTD sales with 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: Feb 2021 continues intense Aspen and Snowmass real estate market activity dominated by huge demand and a limited supply. While activity had slowed marginally in early January, since mid-Jan and Feb it has resumed its upward trajectory. Properties going under contract in Feb were through the roof.  The story is similar throughout the Roaring Fork Valley from Aspen to Glenwood.  And as I speak with brokers weekly around the country, it is the same in other high end markets: high demand, low inventory, historic low interest rates, a search for space, privacy, high taxes in certain areas and changing work patterns are helping push prices higher. Properties are going under contract now within days of appearing in the MLS, if not before. The message, as most are already aware, is that buyers need to act without delay when they see a property they like.

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: Feb 21 – 28, 2021 Aspen CO real estate market activity, Week 9

Closed (12): MLS#s: 162506, 162534, 162716, 163835, 164763, 164777, 166025, 167055, 167276, 167830, 167952, 168019.  This link is valid until 3/30/2021.

Under Contract/Pending (34): MLS#s: 168330, 141831, 156735, 159754, 162052, 164127, 165550, 165824, 167037, 167340, 167371, 167512, 167514, 167794, 168049, 168095, 168281, 168282, 168286, 168288, 168292, 168389, 168400, 168566, 168574, 168578, 168591, 168644, 168664, 168731, 168735, 168752, 168777, 168814.  This link is valid until 3/22/2021.

Sold Properties Last Week:

MLS #162506 – Ranger Station, West End, 825 West Smuggler Street, Aspen, CO; Sold Price: $7,625,000/$1,956 sq ft; unfurnished. Sold Date: 02/22/2021. More details below photos.

MLS #162506 – Ranger Station, West End, 825 West Smuggler Street, Aspen, CO; Sold Price: $7,625,000/$1,956 sq ft; unfurnished. Sold Date: 02/22/2021. Aspen homes for sale. Ask Price: $7,995,000. (Original Price: $7,995,000 and 430 days on the market since 12/20/2019.) This is a 2020 built, 4 bedroom/5 bath/1 half-bath, 3,897 sq ft single family home with 2 car garage on a 6,598 sq ft lot. Tim’s notes: 825 & 837 W Smuggler are two spec homes built on lots the US Forest Service auctioned off  in 2013 (5 lots total). These two homes were purchased by two related families under one larger family roof who liked the idea being neighbors to one another. There (3) other new homes under construction and for sale – contact me 970.309.6163 to discuss. Broker comments are “Just blocks from the Benedict Music Tent, Paepcke Auditorium and convenient to downtown, this ”open concept” home portrays a clean contemporary style inside and out. The approximately 4,500 sq ft home features a media/game room, deck with views of Aspen Mountain and Highlands, and a large 2 car garage with an electric vehicle (EV) hook up. Make yourself at home in the chef’s kitchen featuring modern appliances, imported cabinetry and a convenient dumbwaiter. Cozy up to the fireplace in both the living room and master bedroom. Relax in the beautifully appointed bathroom with a steam shower. Use the convenient RFTA bus stop on the corner to shop and dine downtown. With no HOA dues, add the property to the rental pool or lock and leave – either way, isn’t it time to secure your corner of Aspen? Completion expected Winter 2021.” 2021 taxes: $4,888. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/04/2020; Sold Date: 02/22/2021. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #166025 – East Addition, Central Core, 212 S Cleveland Street, Aspen, CO; Vacant lot/Teardown for sale; Sold Price: $4,975,000/$2,825 sq ft; unfurnished. Sold Date: 02/25/2021. More details below photos.

MLS #166025 – East Addition, Central Core, 212 S Cleveland Street, Aspen, CO; Vacant lot/Teardown for sale; Sold Price: $4,975,000/$2,825 sq ft; unfurnished. Sold Date: 02/25/2021. Aspen duplex/half-duplex for sale. Ask Price: $5,500,000. (Original Price: $5,500,000 and 217 days on the market since 07/23/2020.) This is a 1973 built, 4 bedroom/2 bath, 1,761 sq ft duplex/half-duplex on a 4,500 sq ft lot. Broker comments are “A+ location walkable to downtown Aspen on a tucked away street with views. This existing duplex has great Aspen history, current owners have owned it since 1956. Non-historic. Excellent potential for redevelopment into a single-family home or duplex. There is potential to build nearly 5,000 square feet for a single family home or duplex. The existing home will help offset future affordable housing mitigation costs. Sunny, quiet location, highly sought-after neighborhood two blocks to the downtown core of Aspen. Ready for your future home.” 2019 taxes: $8,041. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 10/30/2020; Sold Date: 02/25/2021. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #162534 – Snow Bunny, West Aspen, 1286 Snowbunny Lane, Aspen, CO; Sold Price: $3,600,000/$919 sq ft; partially furnished. Sold Date: 02/26/2021. More details below photos.

MLS #162534 – Snow Bunny Sub, West Aspen, 1286 Snowbunny Lane, Aspen, CO; Sold Price: $3,600,000/$919 sq ft; partially furnished. Sold Date: 02/26/2021. Aspen duplex/half-duplex for sale. Ask Price: $3,675,000. (Original Price: $3,675,000 and 437 days on the market since 12/17/2019.) This is a 2001 built, 7 bedroom/4 bath/1 half-bath/1 den, 3,914 sq ft duplex/half-duplex with 2 car garage on a 15,000 sq ft lot. Broker comments are “Enjoy time with your family in this beautiful home on Snowbunny Lane. This 1/2 duplex is spacious with south facing windows and lots of light. Ample room in private back yard for play or relaxing with stair access to second floor deck with views. Second floor has a generous open floor plan with cherry wood floors, gas fire place, quality cabinetry and private office. Flexible use lower level family room for watching movies, set up an exercise room or the possibilities are endless. Extras included are plenty of storage space throughout the home, a 700 sq ft 2 bedroom apt (can be rented for extra income or used as a mother-in-law unit) a 120 square foot sub basement for seasonal storage, a walk in pantry with wine refrigerator and 2 car garage that has additional room for toys.” 2018 taxes: $9,469. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/08/2020; Sold Date: 02/26/2021. (Photos and broker comments courtesy of Aspen Real Estate Company)

MLS #164777 – Queen Victoria, Condominium, Central Core, 916 E Hopkins Avenue 204, Aspen, CO; Sold Price: $2,325,000/$2,235 sq ft; unfurnished. Sold Date: 02/23/2021. More details below photos.

MLS #164777 – Queen Victoria, Condominium, Central Core, 916 E Hopkins Avenue 204, Aspen, CO; Sold Price: $2,325,000/$2,235 sq ft; unfurnished. Sold Date: 02/23/2021. Aspen condos for sale. Ask Price: $2,395,000. (Original Price: $2,395,000 and 251 days on the market since 06/17/2020.) This is a 1972 built, 3 bedroom/2 bath, 1,040 sq ft condo. Broker comments are “Enjoy the natural beauty and tranquility of a riverfront setting from this contemporary condo located only a few blocks away from the core of Aspen and the Silver Queen Gondola. Perched on the second floor overlooking the Roaring Fork River, this three-bedroom two bath unit was recently remodeled in 2014. This peaceful and quiet setting offers views towards Red Mountain and Smuggler with a private deck and proximity to all of Aspen’s amenities.” 2019 taxes: $4,640; HOA Dues: $6,400. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/26/2021; Sold Date: 02/23/2021. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)

MLS #167276 – Chateau Chaumont, Condominium, Central Core, 731 E Durant Avenue 17, Aspen, CO; Sold Price: $2,010,000/$2,115 sq ft; furnished. Sold Date: 02/25/2021. More details below photos.

MLS #167276 – Chateau Chaumont, Condominium, Central Core, 731 E Durant Avenue 17, Aspen, CO; Sold Price: $2,010,000/$2,115 sq ft; furnished. Sold Date: 02/25/2021. Aspen condos for sale. Ask Price: $2,095,000. (Original Price: $2,095,000 and 124 days on the market since 10/24/2020.) This is a 1968 built and 2005 remodeled, 2 bedroom/2 bath, 950 sq ft condo. Broker comments are “Located one block from the Gondola and across from City Market shopping center, this beautifully remodeled top floor condominium has two bedrooms and two marble bathrooms. The open kitchen and living area features a skylight, hardwood floors, stainless appliances, granite countertops, and a wood-burning fireplace. This is a beautiful property with a strong rental history just steps to all of the great shopping, restaurants, and activities that Aspen has to offer.” 2019 taxes: $3,436; HOA Dues: $9,000. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/21/2021; Sold Date: 02/25/2021. (Photos and broker comments courtesy of Whitman Fine Properties)

MLS #167055 – Shadow Mountain Village, Condominium, Central Core, 809 S Aspen Street Unit 9, Aspen, CO; Sold Price: $1,860,000/$2,008 sq ft; partially furnished. Sold Date: 02/18/2021. More details below photos.

MLS #167055 – Shadow Mountain Village, Condominium, Central Core, 809 S Aspen Street Unit 9, Aspen, CO; Sold Price: $1,860,000/$2,008 sq ft; partially furnished. Sold Date: 02/18/2021. Aspen condos for sale. Ask Price: $1,925,000. (Original Price: $1,925,000 and 129 days on the market since 10/12/2020.) This is a 1968 built and 2015 remodeled, 2 bedroom/2 bath, 926 sq ft condo. Broker comments are “Where else can you find a 2 Bedroom on Aspen Mountain, ski-in/out with amazing views and fully remodeled under $2M? This is the spot. Great in-town location, swimming pool, parking and easy ski access to Ajax Mt. There is no better place to be summer, autumn or winter seasons.” 2020 taxes: $3,307; HOA Dues: $24,588. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/11/2021; Sold Date: 02/18/2021. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)

MLS #167830 – Little Elk Creek, 35 Katydid Lane, Snowmass, CO; Sold Price: $780,000/$436 sq ft. Sold Date: 02/25/2021. More details below photos.

MLS #167830 – Little Elk Creek, 35 Katydid Lane, Snowmass, CO; Sold Price: $780,000/$436 sq ft. Sold Date: 02/25/2021. Old Snowmass homes for sale. Ask Price: $847,000. (Original Price: $847,000 and 56 days on the market since 12/11/2020.) This is a 1977 built, 3 bedroom/2 bath, 1,786 sq ft single family home with 1 car garage on a 1.05 acres lot. Broker comments are “Welcome home to the peace, tranquility and wide open space of Old Snowmass! With over an acre of land, mature landscaping and the ability to have 2 horses, you’ll love everything that comes with this property. The home provides a great opportunity to remodel, expand or use as-is and has recently had new paint, carpet and tile installed. You’ll love the natural light and all-day sun you get in this amazing location. And with decks located on both sides of the home you’ll always have the perfect place to sit outside and take in the mountains surrounding you. This is the perfect spot for curling up in front of the large fireplace after a long day of adventure with biking, hiking and skiing all nearby.” 2020 taxes: $3,734; HOA Dues: $3,140. Under Contract Date: 01/13/2021; Sold Date: 02/25/2021. (Photos and broker comments courtesy of Slifer Smith & Frampton Real Estate)

MLS #163835 – Hunter Creek, Condominium, Smuggler, 1117 Vine Street, Aspen, CO; Sold Price: $520,000/$895 sq ft; unfurnished. Sold Date: 02/24/2021. More details below photos.

MLS #163835 – Hunter Creek, Condominium, Smuggler, 1117 Vine Street, Aspen, CO; Sold Price: $520,000/$895 sq ft; unfurnished. Sold Date: 02/24/2021. Aspen condos for sale. Ask Price: $585,000. (Original Price: $585,000 and 314 days on the market since 04/16/2020.) This is a 1980 built, 1 bedroom/1 bath, 581 sq ft condo. Broker comments are “Attractively priced one bedroom located on the ground floor. This unit has a cozy wood burning stove and a patio. There are views of Shadow Mountain and the ski run Aztec from the living room and bedroom. The Hunter Creek complex has tennis courts, swimming pool and hot tubs and is walking distance to downtown Aspen. Easy access to biking and hiking trails. Free bus service to downtown.” 2019 taxes: $1,129; HOA Dues: $5,172. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/13/2021; Sold Date: 02/24/2021. (Photos and broker comments courtesy of Hunter Creek Properties)

MLS #168019 – Sinclair Meadows, 324 Gambel Way, Snowmass Village, CO; Sold Price: $4,300,000/$1,573 sq ft; unfurnished. Sold Date: 02/25/2021. More details below photos.

MLS #168019 – Sinclair Meadows, 324 Gambel Way, Snowmass Village, CO; Sold Price: $4,300,000/$1,573 sq ft; unfurnished. Sold Date: 02/25/2021. Snowmass Village homes for sale. Ask Price: $4,495,000. (Original Price: $4,495,000 and 59 days on the market since 12/28/2020.) This is a 2020 built, 4 bedroom/4 bath/1 half-bath, 2,847 sq ft single family home with 3 car garage on a 16,169 sq ft lot. Broker comments are “Brand new single-family home in Snowmass Village’s Sinclair Meadows neighborhood. This is the very last home to be constructed in Sinclair Meadows. Located in the center of all of Snowmass’ activities, you are just minutes from Two Creeks and Base Village Ski areas, the Snowmass Club, grocery store, hiking and biking trails. Views look out to Wildcat Ridge and the down-valley. Custom designed and beautifully outfitted, there is no other new single-family home in this price range today. The home features 4 bedrooms including a bunkroom, media/family room and upper living/dining/kitchen. Master suite is on the main living room level and offers a large master bath and walk-in closet perfect for full or part-time living. Vaulted ceilings and huge outdoor deck space make this the perfect home to entertain your family and friends. The storage space is enormous as is the 3-car garage perfect for larger vehicles, bikes, skis and virtually any other outdoor pursuit.” 2020 taxes: $6,002; HOA Dues: $2,700. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 01/01/2021; Sold Date: 02/25/2021. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)

MLS #164763 – Fox Run PUD, 133 Fox Lane, Snowmass Village, CO; Sold Price: $3,555,000/$725 sq ft; unfurnished. Sold Date: 02/22/2021. More details below photos.

MLS #164763 – Fox Run PUD, 133 Fox Lane, Snowmass Village, CO; Sold Price: $3,555,000/$725 sq ft; unfurnished. Sold Date: 02/22/2021. Snowmass Village homes for sale. Ask Price: $3,700,000. (Original Price: $3,880,000 and 462 days on the market since 06/14/2019.) This is a 1987 built and 1994 remodeled, 4 bedroom/4 bath/1 half-bath/1 bonus room/1 den, 4,902 sq ft single family home with 2 car garage on a 40,753 sq ft lot. Broker comments are “This large contemporary Fox Run home has expansive views overlooking the Snowmass Village Valley, Fox Run HOA Common Open Space with private stocked fishing pond, and beyond into the Hunter Creek Valley. Fox Run is a low density neighborhoood near the Two Creeks Lift and also the Snowmass Golf Club that offers a year round Country Club lifestyle. Close to Aspen via Owl Creek. Your sanctuary is self contained with a home office and enough room for the family to spread out indoors and outside in all 4 seasons. Quick access to the best of the Colorado lifestyle, dog friendly too. One story living for the home’s main occupants with Master Bedroom Suite, Kitchen, Living and Dining rooms on entry level. A family room, home office, along with 3 other bedrooms, with three bathrooms, complete this ideal family retreat. 2 car garage, large lawn, outdoor patio and large decks.” 2020 taxes: $12,965; HOA Dues: $2,334. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 01/07/2021; Sold Date: 02/22/2021. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)

MLS #167952 – Top of Village, Condominium, 855 Carriage Way 108, Snowmass Village, CO; Sold Price: $799,000/$739 sq ft; furnished. Sold Date: 02/22/2021. More details below photos.

MLS #167952 – Top of Village, Condominium, 855 Carriage Way 108, Snowmass Village, CO; Sold Price: $799,000/$739 sq ft; furnished. Sold Date: 02/22/2021. Snowmass Village condos for sale. Ask Price: $799,000. (Original Price: $799,000 and 63 days on the market since 12/21/2020.) This is a 1974 built and 2009 remodeled, 2 bedroom/2 bath, 1,080 sq ft condo. Broker comments are “Ski right to your back door with this well maintained Deluxe rated ground floor Top of Village 2 bedroom 2 bath unit. The unit enjoys a southern exposure with great light and fantastic amenities including spa, pool, shuttle, front desk conference room and rental management.” 2019 taxes: $2,502; HOA Dues: $15,166. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 12/23/2020; Sold Date: 02/22/2021. (Photos and broker comments courtesy of McKinley Sales)

MLS #162716 – Crestwood, Condominium, 400 Wood Road 2112, Snowmass Village, CO; Sold Price: $487,500/$483 sq ft; furnished. Sold Date: 02/24/2021. More details below photos.

MLS #162716 – Crestwood, Condominium, 400 Wood Road 2112, Snowmass Village, CO; Sold Price: $487,500/$483 sq ft; furnished. Sold Date: 02/24/2021. Snowmass Village condos for sale. Ask Price: $500,000. (Original Price: $500,000 and 795 days on the market since 12/15/2018.) This is a 1970 built and 2018 remodeled, 2 bedroom/2 bath, 1,008 sq ft condo. Broker comments are “Newly refreshed condo. If you are looking for that perfect condo in Snowmass that’s only steps to skiing and walking distance to the New Base Village area, then this is the condo for you. One of the best values in Snowmass, this 2 bedroom, 2 bathroom condo has been recently updated with new paint, contemporary furniture, carpet, wood floor entry, updated kitchen and a brand new master bathroom. Very close to the slopeside hot tub, ski service center, pool and work out facility, you will love the convenience of this location to all the amenities The Crestwood has to offer. If a one bedroom is not enough room, make sure you see this property, you won’t regret it. For a property tour, copy this link to your browser: https://www.youtube.com/watch?v=SjZHldCNoo8” 2020 taxes: $1,753; HOA Dues: $21,487. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 12/26/2020; Sold Date: 02/24/2021. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Snowmass Village)

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