The Estin Report - Aspen, Colorado
The Estin Report - Aspen, Colorado The Estin Report - Aspen, Colorado The Estin Report - Aspen, Colorado

  The Estin Report
 
Aspen real estate intelligence ©

  

Be informed, be educated, be advised by one the town's best real estate brokers according to local media. Aspen Sotheby's Int'l broker agent Tim Estin MBA, GRI authors the primary market guide for Aspen Snowmass real estate, homes for sale and property info - the #1 trusted Aspen real estate market resource.  Original reports and over 14,000 pages of current and archived content. Call Tim for expert guidance and counsel.

   The Estin Report
      
Aspen real estate intelligence ©

 

Be informed, be educated, be advised by one the town's best real estate brokers according to local media. Aspen Sotheby's Int'l broker agent Tim Estin MBA, GRI authors the primary market guide for Aspen Snowmass real estate, homes for sale and property info - the #1 trusted Aspen real estate market resource. Original reports and over 14,000 pages of current and archived content. For expert guidance and counsel, please call or txt 970.309.6163.

Tim Estin

Tim Estin MBA, GRI
970.309.6163 cell + text

 



Broker Associate
Aspen Snowmass Sotheby's
International Real Estate
300 S.Spring St #100
Aspen, CO 81611

 

Aspen, CO
Mountain Standard Time 
(MST)

 

Mar 2017
Low-Down

Heading into peak
season: Mar-Apr.
Sales activity rising
significantly...
think Trump trade:
Financial markets up.
Rates rising.
Inventory declining in
most desirable areas.
Market favors sellers
in West End and
Downtown Core,
but favors buyers
outside these areas
where greater 
opportunities exist.
Two tiered
pricing levels:
1) New-built
contemporary =
> greater demand
> premium prices;
2) Everything else =
 > more days on
market

< less demand 
> more negotiable
> better possible
discounts

> more seller

motivation.

During Recession,
there was little
new construction
creating a 4-5 yr
void in new product.
New product sales

now are raising 
the comparable avgs.
whch masks realtiy
for older home

for sale where

it's tougher.

 

See 4/13/17 WSJ, 
recent article

"High End Homes for Sale...
for Years..." 

 

And 2/23/17 WSJ
on 
luxury home sales,
"High-end home sellers

across the country are

offering discounts as

luxury market softens...

Buyers are very price

sensitive...If it’s not

priced right it’s going to
sit until the cows come
home...expensive

trophy estates have

generally become

challenging to sell

to today’s ...millennial

buyers....these behemoth

trophy properties… have

become very hard to sell

to the people who can

afford them.”

 

 

(See Interest Rate Historical Chart

since 1790 and

Consumer Price Calculator)

 

 

The Estin Report - Aspen, Colorado
The Estin Report - Aspen, Colorado
The Estin Report - Aspen, Colorado

April 16 - 23, 2017 Estin Report: Last Week's Aspen Snowmass Real Estate Sales & Stats: Closed (9) + Under Contract / Pending (8)


The March 2017 Aspen Snowmass Real Estate Monthly Market Snapshot was posted in Current Reports Apr 3, 17. The Monthly Snapshots are usually posted on or near the 1st Monday of the month. The Q1 2017 & 2016 Year End report will be released later the last week of April week, as will Q4 2016 stats.


An article appeared in the Denver Post Sunday Feb 26th on Colorado Mountain resort real estate including Aspen and Pitkin County. 

Bottom Line Mar 2017 Snapshot Excerpt:

"For year-to-date (YTD), Jan 1 through Mar 31, 2017, the total combined Aspen Snowmass Village market is up 22% in dollar sales to $224M from $184M same time last year and up 11% in unit sales with (78) sales in 2017 versus (70) last year-to-date.

The number of under contract properties for the combined Aspen Snowmass Village market is up 121% to (35) in Mar 2017 versus (24) same time last year.

Under Contracts are used as an indicator of future activity when compared to the prior year."

 

040317 Estin Report AspSMV Q117 and 2016Yr Performance Comparison 590w 72res
Click tables to enlarge

 

New Charts Below: Historic Pace of Aspen and Snowmass Village Homes, Condos and Vacant Land / Lots by Dollar Sales and Unit Sales Updated with Q1 2017. (These charts are very popular and will be updated every quarter):

These new charts were originally posted in Current Reports on 02/15/17 through Q4 2016. They have been updated with Q1 2017 stats. The charts are: the historic pace of dollar and unit sales since 2006 separately for Aspen and Snowmass Village (SMV) by property types: 1) all properties combined; 2) single family homes; 3) condos; 4) vacant land / lots. (Fractionals, with the exception of extreme sales, are not included.)

Sales velocity, or pace, whether by dollar volume or unit sales is extremely useful to consider ss the unit sales drop-off in the 2nd Half 2007 so foreshadowed the Great Recession. 


While many real estate professionals use dollar volume sales as the single metric for sales performance (it often looks 'better'), unit sales are a more reliable measure of market activity. Dollar sales can be skewed disproportionately by extreme high or low end priced sales.

Clients often ask, "Where are we now compared to the Great Recession...?". These charts offer a solid reference for that conversation. In this instance, the starting point for the trend line is 2006, but, of course, where the trend line commences will affect its outcome...If the charts had started at 2009, the trend would be more upwards at present than is shown here.

As this is written, post-election Nov 2016 through Feb 15, 2017, sales have picked up considerably and are decidedly on an upward trajectory.

021517 Estin Report Aspen Real Estate Historic All Properties Unit Sales 590w96res

Click chart to see additional breakdown charts for Aspen and SMV by property types. 

"Flip Job" Examples: See recent Before/After redevelopment  in the new Flip Jobs Section near the bottom of the Menu Bar on the left. These are properties that have been recently or are currently in the process of redevelopment for re-sale. This post is updated (01/04/17) as additional re-sale properties come on the market at significantly higher prices.

___________

Market Activity Week 16, April 16 - 23, 2017

Aspen Snowmass real estate weekly sales and under contract activity appears below for all Aspen, Snowmass Village, Brush Cr Village, Woody Creek and Old Snowmass properties over $250,000 excluding fractionals in the upper Roaring Fork Valley. As the MLS links below expire after 30 days, photos and written descriptions of select closed properties (those with excellent photography) are posted here to preserve an archive of sold market activity.  Scroll down the page for home photos and details of weekly sales and under contract / pending Aspen properties in the past 4 weeks. For earlier dates, use the down arrow to quickly find blog archives by year and date to 2008. Or use SearchEstinAspen in the menu bar to search by topic, address, subdivision, complex, date, etc.  If it's about Aspen real estate, the information should be here.

Closed (9):  MLS#s 148504, 133798, 141583, 144142, 145399, 146813, 147083, 147537, 147727. This link is valid until 5/23/2017.

Under Contract/Pending (8)MLS#s 141942, 139716, 133641, 143702, 144842, 146899, 147742, 148392. This link is valid until 5/23/2017.

Aspen Snowmass Solds Last Week:  


MLS #141583 - Central Core, 936 King Street, Aspen, CO. Sold Price: $15,185,000/$2,151 sq ft; furnished. More details below photos.
Aspen real estate 042317 141583 936 King Street 1 590W  Aspen real estate 042317 141583 936 King Street 2 190H Aspen real estate 042317 141583 936 King Street 3 190H  Aspen real estate 042317 141583 936 King Street 4 190H Aspen real estate 042317 141583 936 King Street 5 190H
MLS #141583 - Central Core, 936 King Street, Aspen, CO. Sold Price: $15,185,000/$2,151 sq ft; furnished. Aspen single family residence for sale. Ask Price: $17,950,000. (Original Price: $12,950,000 and 529 days on the market since 11/06/2015. For detailed info on this re-development project, see recent "flip" job section). This sale is amongst a recent few reaching new high price per sq ft levels...especially as this Smuggler Area fringe-of-Core location is not officially in the Core. It is in Smuggler but has been represented as in the Core. A big stretch. This is a 1998 built and 2016 remodeled, 6 bedroom/6 bath/2 half-bath, 7,059 sq ft single family residence with 2 car garage on a 18,500 sq ft lot. Broker comments are "Start with an over-sized lot, add a remarkable home and round it out with an over-the-top remodel inside and out. Beautiful five bedroom residence with a separate one bedroom apartment and plans for an outdoor makeover including an infinity edge pool/hot tub, outdoor kitchen and a putting green! Only the finest finishes have been selected including a variety of marble surfaces, stone exterior and impressive steel accents throughout the home. Views of Aspen Mountain, walkable to Aspen’s shops and restaurants and around the corner from the Rio Grande pedestrian path and Herron Park." 2015 taxes: $16,243. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 12/23/2016; Sold Date: 04/18/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby's International Realty-Hyman Mall)
 
MLS #148504 - Red Mountain, 54 Shady Lane, Aspen, CO: Sold Price: $8,350,000/$2,673 sq ft; unfurnished. More details below photo.
Aspen real estate 042317 148504 54 Shady Lane 1 590W
MLS #148504 - Red Mountain, 54 Shady Lane, Aspen, CO: Sold Price: $8,350,000/$2,673 sq ft; unfurnished. Aspen single family residence for sale. Ask Price: $8,350,000. (+18% over the $7.1M the seller paid on 12/23/14. The property was not on the market.) This is a 1971 built and 2006 remodeled,4 bedroom/4 bath, 3,123 sq ft single family residence on a 30,280 sq ft lot. It is located at the base of Red Mountain in a wooded lot off Red Mtn Road with Hunter Creek flowing adjacent to the home. It is easily walkable into town and to the Rio Grande Trail nearby. Highly desirable. The cement block design of the house is fits the description of '"1970's retro-cool, tres chic", perfect for a young couple or single person. Broker comments are "Sold before MLS". 2016 Taxes: $16,634. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 12/23/2016; Sold Date: 04/18/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby's International Realty-Hyman Mall)
 
MLS #144142 - Eastwood, East Aspen, 82 Eastwood Drive, Aspen, CO: Sold Price: $5,925,000/$1,021 sq ft; partial-furnished. More details below photos.
Aspen real estate 042317 144142 82 Eastwood Drive 1 590W  Aspen real estate 042317 144142 82 Eastwood Drive 2 590W  Aspen real estate 042317 144142 82 Eastwood Drive 3 190H Aspen real estate 042317 144142 82 Eastwood Drive 4 190H  Aspen real estate 042317 144142 82 Eastwood Drive 5 190H Aspen real estate 042317 144142 82 Eastwood Drive 6 190H
MLS #144142 - Eastwood, East Aspen, 82 Eastwood Drive, Aspen, CO: Sold Price: $5,925,000/$1,021 sq ft; partial-furnished. Aspen single family residence for sale. Ask Price: $6,300,000. (Original Price: $7,300,000 and 712 days on the market since 04/20/2015.) This is a 2007 built,5 bedroom/4 bath/2 half-bath, 5,801 sq ft single family residence with 2 car garage on a 15,442 sq ft lot. Broker comments are "Experience the beauty and convenience of the ''East End''. Truly the perfect family home located less than three minutes from downtown Aspen. Built in 2007, the property features 5 generous bedrooms, custom finishes, and great ceiling heights on both levels. The main level features a gourmet kitchen and an open living and dining room plan boasting expansive views to the south. Wake up to gorgeous light and open space towards Independence Pass. The beautiful deck provides views towards Ajax and the west. The walkout level includes 4 bedrooms, wine room and bar, family area, and a commercial grade laundry room with FOUR machines. Enjoy great access to town, The Aspen Club, and hiking trails. In the evenings, relax with the outdoor fire pit and a soak in the six person hot tub." 2015 Taxes: $15,784. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/11/2017; Sold Date: 04/17/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby's International Realty-Hyman Mall)
 
MLS #147083 - Cottonwood, Central Core, 124 W Hyman Avenue 2-E, Aspen, CO: Sold Price: $1,725,000/$1,402 sq ft; furnished. More details below photos.
Aspen real estate 042317 147083 124 W Hyman Avenue 2 E 1 590W  Aspen real estate 042317 147083 124 W Hyman Avenue 2 E 2 590W  Aspen real estate 042317 147083 124 W Hyman Avenue 2 E 3 190H Aspen real estate 042317 147083 124 W Hyman Avenue 2 E 4 190H  Aspen real estate 042317 147083 124 W Hyman Avenue 2 E 5 190H Aspen real estate 042317 147083 124 W Hyman Avenue 2 E 6 190H
MLS #147083 - Cottonwood, Central Core, 124 W Hyman Avenue 2-E, Aspen, CO: Sold Price: $1,725,000/$1,402 sq ft; furnished. Aspen condo for sale. Ask Price: $1,895,000. (Original Price: $1,895,000 and 114 days on the market since 12/26/2016.) This is a 1969 built and 2014 remodeled,3 bedroom/3 bath, 1,230 sq ft condo. Broker comments are "This Cottonwoods condo is 3 blocks to downtown Aspen Hyman Avenue mall. It is a beautiful three bedroom and three bath condo which was totally remodeled in 2014. Second floor with nice big views of Aspen Mountain from the Living Room and Deck. Granite countertops, multi-colored tile backsplash, slate tiles in the kitchen, living room and halls.Easy walk to everything downtown and located on a nice quiet street and neighborhood. 24 hours notice required for all showings." 2015 Taxes: $3,742; HOA Dues: $3,154 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/10/2017; Sold Date: 04/19/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby's International Realty-Hyman Mall)
 
MLS #133798 - Le Clairvaux, Central Core, 803 E Durant Avenue #7, Aspen, CO: Sold Price: $1,280,000/$1,333 sq ft; furnished. More details below photos.
Aspen real estate 042317 133798 803 E Durant Avenue 7 1 590W  Aspen real estate 042317 133798 803 E Durant Avenue 7 2 590W  Aspen real estate 042317 133798 803 E Durant Avenue 7 3 190H Aspen real estate 042317 133798 803 E Durant Avenue 7 4 190H  Aspen real estate 042317 133798 803 E Durant Avenue 7 6 190H Aspen real estate 042317 133798 803 E Durant Avenue 7 5 190H
MLS #133798 - Le Clairvaux, Central Core, 803 E Durant Avenue #7, Aspen, CO: Sold Price: $1,280,000/$1,333 sq ft; furnished. Aspen townhouse for sale. Ask Price: $1,399,000. (Original Price: $1,450,000 and 1,113 days on the market since 03/24/2014.) This is a 1965 built, 2 bedroom/2 bath, 960 sq ft townhouse. Broker comments are "This top floor two bedroom, two bath condo is all about the views and great downtown Aspen location. Spectacular Aspen Mountain views are enjoyed through the open living and kitchen area and from the front deck. In addition, there are beautiful Red Mountain views from the master and guest master suites, as well as the back deck. This condo boasts a fabulous core location, just two blocks from the gondola and City Market, and is the only top floor condo for sale in this complex. Extras include flat screen TVs, wood-burning fireplace,a newly remodeled kitchen and assigned parking. New upgrades throughout give this mountain condo a fresh feel! This is a fantastic real estate opportunity. Rental proformas attached." 2015 Taxes: $2,663; HOA Dues: $1,808 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/05/2017; Sold Date: 04/12/2017. (Photos and broker comments courtesy of Whitman Fine Properties)
 
MLS #147727 - Chateau Chaumont, Central Core, 731 E Durant Ave. 23, Aspen, CO: Sold Price: $1,050,000/$1,039 sq ft; partial-furnished. More details below photos.
Aspen real estate 042317 147727 731 E Durant Ave 23 1 590W  Aspen real estate 042317 147727 731 E Durant Ave 23 2 590W  Aspen real estate 042317 147727 731 E Durant Ave 23 3 190H Aspen real estate 042317 147727 731 E Durant Ave 23 4 190H
MLS #147727 - Chateau Chaumont, Central Core, 731 E Durant Ave. 23, Aspen, CO: Sold Price: $1,050,000/$1,039 sq ft; partial-furnished. Aspen condo for sale. Ask Price: $1,195,000. (Original Price: $1,195,000 and 63 days on the market since 02/17/2017.) This is a 1968 built, 2 bedroom/2 bath, 1,010 sq ft condo. Broker comments are "AAA Location..Pied a Terre with prime position steps from gondola, City Market and Glory Hole Park. Incredible value in the heart of core. Excellent rental income and remodel potential." 2015 Taxes: $2,053; HOA Dues: TBD per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/07/2017; Sold Date: 04/21/2017. (Photos and broker comments courtesy of Lester Properties)
 
MLS #147537 - Gant, Central Core, 610 S West End Street C-204, Aspen, CO: Sold Price: $799,250/$1,110 sq ft; furnished. More details below photos.
Aspen real estate 042317 147537 610 S West End Street C 204 1 590W  Aspen real estate 042317 147537 610 S West End Street C 204 2 590W  Aspen real estate 042317 147537 610 S West End Street C 204 3 190H Aspen real estate 042317 147537 610 S West End Street C 204 4 190H  Aspen real estate 042317 147537 610 S West End Street C 204 5 190H Aspen real estate 042317 147537 610 S West End Street C 204 6 190H
MLS #147537 - Gant, Central Core, 610 S West End Street C-204, Aspen, CO: Sold Price: $799,250/$1,110 sq ft; furnished. Aspen condo for sale. Ask Price: $879,000. (Original Price: $879,000 and 64 days on the market since 02/09/2017.) This is a 1972 built, 1 bedroom/1 bath, 720 sq ft condo. Broker comments are "This remodeled one-bedroom, second floor Gant condominium is convenient to the lobby and shuttle service, and just twelve steps to the elevator. An east facing deck off of the living room enjoys filtered morning light through mature fir trees, and enhanced privacy. The upgraded kitchen includes solid slab granite kitchen counter tops with full-length granite back splash, Stainless GE appliances, and custom cabinetry. Abundant lock-off storage is located beneath the full-length bar. A convenient entryway bench and tiled entry are ideal for removing ski and snowboard boots after a day on the mountain. A brick wood-burning fireplace creates a warm and comfortable ambiance in the living room. Contemporary furnishings accent the carpeted living and dining area. The bedroom features custom built-in's with a flat panel television overhead. The Molly Campbell Conference center with fitness facility, meeting space, and cafe was completed in 2016. Strong rental history with only eleven one-bedroom units at the Gant. Property amenities include two year round heated pools and hot tubs, fire pit, fitness and tennis, on site management, concierge, daily maid service, and shuttle. Located just a few blocks from the Aspen Club & Spa and the Ute Trail. A peaceful and relaxing location, walking distance to everything!" 2016 Taxes: $1,995; HOA Dues: $18,880 per Yr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/20/2017; Sold Date: 04/14/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby's International Realty-Hyman Mall)
 
MLS #145399 - Ridge Run, 124 Baby Doe, Snowmass Village, CO: Sold Price: $4,475,000/$927 sq ft; unfurnished. More details below photos.
Aspen real estate 042317 145399 124 Baby Doe 1 590W  Aspen real estate 042317 145399 124 Baby Doe 2 590W  Aspen real estate 042317 145399 124 Baby Doe 3 190H Aspen real estate 042317 145399 124 Baby Doe 4 190H  Aspen real estate 042317 145399 124 Baby Doe 5 190H Aspen real estate 042317 145399 124 Baby Doe 6 190H
MLS #145399 - Ridge Run, 124 Baby Doe, Snowmass Village, CO: Sold Price: $4,475,000/$927 sq ft; unfurnished. Snowmass Village single family residence for sale. Ask Price: $4,875,000. (Original Price: $4,750,000 and 266 days on the market since 07/29/2016.) This is a 1989 built and 2016 remodeled, 4 bedroom/4 bath/1 half-bath, 4,827 sq ft single family residence with 2 car garage on a 36,460 sq ft lot. Broker comments are "Located at the top of world on one of Ridge Run’s most private streets sits this incredible ski home. With four large bedroom suites and an open floorplan conducive to entertaining family and friends, this is the ultimate mountain retreat. The property has been completely renovated featuring a light and mountain contemporary style that is timeless. The natural materials include hardwood, Colorado Buff Sandstone on the fireplace and entry, and beautiful flagstone on the patios and media room. Soak in the private outdoor hot tub after a full day of skiing, hiking or biking. The grounds have been reconstructed to take advantage of the sensational mountain views and tremendous mature trees and landscape. Rarely can one find such a refined home with panoramic views in a most private setting with such close ski access to Snowmass Mt. This one is a treasure, but given the location on top of everything, it's far from hidden." 2016 Taxes: $11,162; HOA Dues: $90. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 03/09/2017; Sold Date: 04/21/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby's International Realty-Snowmass Village)
 
MLS #146813 - Wood Run Place, 425 Wood Road 55, Snowmass Village, CO: Sold Price: $1,400,000/$778 sq ft; furnished. More details below photos.
Aspen real estate 042317 146813 425 Wood Road 55 1 590W  Aspen real estate 042317 146813 425 Wood Road 55 2 590W  Aspen real estate 042317 146813 425 Wood Road 55 3 190H Aspen real estate 042317 146813 425 Wood Road 55 4 190H  Aspen real estate 042317 146813 425 Wood Road 55 5 190H Aspen real estate 042317 146813 425 Wood Road 55 6 190H
MLS #146813 - Wood Run Place, 425 Wood Road 55, Snowmass Village, CO: Sold Price: $1,400,000/$778 sq ft; furnished. Snowmass Village condo for sale. Ask Price: $1,475,000. (Original Price: $1,475,000 and 128 days on the market since 11/28/2016.) This is a 1983 built, 3 bedroom/3 bath/1 half-bath, 1,798 sq ft condo. Broker comments are "One of the most desirable locations and interior floorplan available at Woodrun Place. With three bedrooms, three bathrooms, plus family room, this west-facing residence is easy to ski in and out of directly to Fanny Hill. The condominium has been completed remodeled and upgraded with the finest wood flooring, stone counters and custom cabinetry. The two-story plan offers a large living room and two outdoor patios accentuated by a cozy family room. Vaulted ceilings rise over 18 feet in parts of the property. Enjoy one dedicated space parking space in the private, heated garage. Woodrun Place owners and guests enjoy heated pool and hot tub spa, private ski storage and ski tuning, front desk and private shuttle service to and from Aspen airport. This residence and this property combine to make one of the most compelling luxury condominiums in Snowmass Village." 2016 Taxes: $4,162; HOA Dues: $32,839 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 03/02/2017; Sold Date: 04/21/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby's International Realty-Snowmass Village)
 
 

Recent Estin Report tweets on Aspen Real Estate

EstinAspen Apr 16 - 23, 17 #EstinReport: Last Week's #AspenRealEstate Sales & Stats: Sold (9) + Pending (8) https://t.co/QyfPwre6SL
EstinAspen April 9 - 16, 2017 #EstinReport: Last Week's #AspenRealEstate Sales & Stats: Closed (8) + Under Contract (12) https://t.co/Rih6rSDaUl
EstinAspen Apr 2 - 9, 2017 #EstinReport: Last Week's #AspenRealEstate Sales & Stats: Closed (14) + Under Contract (6) https://t.co/Xsunmpkcdc
EstinAspen Mar 26 - Apr 2, 2017 #EstinReport: Last Week's #AspenRealEstate Sales & Stats: Closed (13) + Under Contract (10) https://t.co/YJXwbsLZJr
EstinAspen March 19 - 26, 2017 #EstinReport: Last Week's #AspenRealEstate Sales & Stats: Closed (10) + Under Contract (13) https://t.co/SBJOs9nSAT
EstinAspen Mar 12 - 19, 2017 #EstinReport: Last Week's #AspenRealEstate Sales & Stats: Closed (5) + Under Contract (27) https://t.co/lWyx0P4xuO
EstinAspen Mar 5 - 12, 2017 #EstinReport: Last Week's #AspenRealEstate Sales & Stats: Closed (7) + Under Contract (15) https://t.co/5TEYy2PeZG

Disclaimer: The statements made in The Estin Report and on Aspen broker Tim Estin's blog represent the opinions of the author and should not be relied upon exclusively to make real estate decisions. A potential buyer and/or seller is advised to make an independent investigation of the market and of each property before deciding to purchase or to sell. To the extent the statements made herein report facts or conclusions taken from other sources, the information is believed by the author to be reliable, however, the author makes no guarantee concerning the accuracy of the facts and conclusions reported herein. Information concerning particular real estate opportunities can be requested from Tim Estin at 970.309.6163  or by emailThe Estin Report is copyrighted 2017 and all rights reserved. Use is permitted subject to the following attribution with a live link to the source: "The Estin Report on Aspen Real Estate."

____________________________________________________________________________________

 

April 9 - 16, 2017 Estin Report: Last Week's Aspen Snowmass Real Estate Sales & Stats: Closed (8) + Under Contract / Pending (12)


The March 2017 Aspen Snowmass Real Estate Monthly Market Snapshot was posted in Current Reports Apr 3, 17. The Monthly Snapshots are usually posted on or near the 1st Monday of the month. The Q1 2017 & 2016 Year End report will be released mid-April, as will Q4 2016 stats.


An article appeared in the Denver Post Sunday Feb 26th on Colorado Mountain resort real estate including Aspen and Pitkin County. 

Bottom Line Mar 2017 Snapshot Excerpt:

"For year-to-date (YTD), Jan 1 through Mar 31, 2017, the total combined Aspen Snowmass Village market is up 22% in dollar sales to $224M from $184M same time last year and up 11% in unit sales with (78) sales in 2017 versus (70) last year-to-date.

The number of under contract properties for the combined Aspen Snowmass Village market is up 121% to (35) in Mar 2017 versus (24) same time last year.

Under Contracts are used as an indicator of future activity when compared to the prior year."

 

040317 Estin Report AspSMV Q117 and 2016Yr Performance Comparison 590w 72res
Click tables to enlarge

 

New Charts Below: Historic Pace of Aspen and Snowmass Village Homes, Condos and Vacant Land / Lots by Dollar Sales and Unit Sales Updated with Q1 2017. (These charts are very popular and will be updated every quarter):

These new charts were originally posted in Current Reports on 02/15/17 through Q4 2016. They have been updated with Q1 2017 stats. The charts are: the historic pace of dollar and unit sales since 2006 separately for Aspen and Snowmass Village (SMV) by property types: 1) all properties combined; 2) single family homes; 3) condos; 4) vacant land / lots. (Fractionals, with the exception of extreme sales, are not included.)

Sales velocity, or pace, whether by dollar volume or unit sales is extremely useful to consider ss the unit sales drop-off in the 2nd Half 2007 so foreshadowed the Great Recession. 


While many real estate professionals use dollar volume sales as the single metric for sales performance (it often looks 'better'), unit sales are a more reliable measure of market activity. Dollar sales can be skewed disproportionately by extreme high or low end priced sales.

Clients often ask, "Where are we now compared to the Great Recession...?". These charts offer a solid reference for that conversation. In this instance, the starting point for the trend line is 2006, but, of course, where the trend line commences will affect its outcome...If the charts had started at 2009, the trend would be more upwards at present than is shown here.

As this is written, post-election Nov 2016 through Feb 15, 2017, sales have picked up considerably and are decidedly on an upward trajectory.

021517 Estin Report Aspen Real Estate Historic All Properties Unit Sales 590w96res

Click chart to see additional breakdown charts for Aspen and SMV by property types. 

"Flip Job" Examples: See recent Before/After redevelopment  in the new Flip Jobs Section near the bottom of the Menu Bar on the left. These are properties that have been recently or are currently in the process of redevelopment for re-sale. This post is updated (01/04/17) as additional re-sale properties come on the market at significantly higher prices.

___________

Market Activity Week 15, April 9 - 16, 2017

Aspen Snowmass real estate weekly sales and under contract activity appears below for all Aspen, Snowmass Village, Brush Cr Village, Woody Creek and Old Snowmass properties over $250,000 excluding fractionals in the upper Roaring Fork Valley. As the MLS links below expire after 30 days, photos and written descriptions of select closed properties (those with excellent photography) are posted here to preserve an archive of sold market activity.  Scroll down the page for home photos and details of weekly sales and under contract / pending Aspen properties in the past 4 weeks. For earlier dates, use the down arrow to quickly find blog archives by year and date to 2008. Or use SearchEstinAspen in the menu bar to search by topic, address, subdivision, complex, date, etc.  If it's about Aspen real estate, the information should be here.

Closed (8):  MLS#s 142133, 141210, 139281, 144933, 145253, 145357, 146646, 146979. This link is valid until 5/16/2017.

Under Contract/Pending (12)MLS#s 142152, 143697, 144426, 144465, 144706, 145223, 147352, 147458, 147759, 148208, 148370, 148384. This link is valid until 5/16/2017.

Aspen Snowmass Solds Last Week:  


MLS #146646 - Townsite of Aspen, Central Core, 118 E Cooper Avenue, Aspen, CO. Sold Price: $8,464,000/$1,265 sq ft. More details below photos.
Aspen real estate 041617 146646 118 E Cooper Avenue 1 590W  Aspen real estate 041617 146646 118 E Cooper Avenue 2 590W  Aspen real estate 041617 146646 118 E Cooper Avenue 3 190H Aspen real estate 041617 146646 118 E Cooper Avenue 4 190H  Aspen real estate 041617 146646 118 E Cooper Avenue 5 190H Aspen real estate 041617 146646 118 E Cooper Avenue 6 190H
MLS #146646 - Townsite of Aspen, Central Core, 118 E Cooper Avenue, Aspen, CO. Sold Price: $8,464,000/$1,268 sq ft. Aspen commercial industria for sale. Ask Price: $11,800,000. (Original Price: $11,800,000 and on the market since 06/18/16. Seller paid $5.1M on 03/03/14 and" completely renovated and transformed the former the former Little Red Ski Haus into a plush luxury vacation home".) This is a 1888 built, 6,677 sq ft commercial lodge on a 4,500 sq ft lot. Broker comments are "In the center of town, best core location, this 6700 sq ft 14 bedroom, 13 and 1/2 bath with multiple entertaining areas is being offered at an unbeatable per square foot price, just blocks from the gondola and Lift 1A. Lowest price per sf on the Aspen mountain side of Main St. Currently operating as a vacation rental with impressive numbers. Residential and or commercial uses ok. Bed and breakfast ok. The possibilities are endless." 2016 taxes: $31,765. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/05/2017; Sold Date: 04/14/2017. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Hyman Ave)
 
MLS #139281 - West Meadow, West Aspen, 1330 Mountain View Drive, Aspen, CO. Sold Price: $7,300,000/$1,168 sq ft; furnished. More details below photos.
Aspen real estate 041617 139281 1330 Mountain View Drive 1 590W  Aspen real estate 041617 139281 1330 Mountain View Drive 2 590W  Aspen real estate 041617 139281 1330 Mountain View Drive 3 190H Aspen real estate 041617 139281 1330 Mountain View Drive 4 190H  Aspen real estate 041617 139281 1330 Mountain View Drive 5 190H Aspen real estate 041617 139281 1330 Mountain View Drive 6 190H
MLS #139281 - West Meadow, West Aspen, 1330 Mountain View Drive, Aspen, CO. Sold Price: $7,300,000/$1,168 sq ft; furnished. Aspen single family residence for sale. Ask Price: $8,295,000. (Original Price: $9,250,000 and 755 days on the market since 03/10/2015. The seller paid $1.8M on 06/17/13 for a 1978, 3 bdrm, 1,838 sq ft home - lot value.) Mountain View Dr is just of Cemetery Ln. This is a 2016 built, 6 bedroom/7 bath/1 half-bath, 6,250 sq ft single family residence with 2 car garage on a 15,029 sq ft lot. Broker comments are "Construction just completed. Located on a spacious south-facing lot in super family friendly Mountain View subdivision just off Cemetery Ln Bus Shuttle route in West Aspen, The 6,250 square feet includes 6 large en suite bedrooms, 7.5 spa-like baths, media room, wine room, fitness area, upper and lower laundries, generous storage areas, plus a 520 square foot two car garage. A floating staircase at the entryway serves as the central focal point of the home, complementing the expansive ground level that includes formal & informal dining areas, den, wonderful great room with gas fireplace, guest master bedroom suite, powder room, mud room, and sleek centrally positioned kitchen that is finished with a center island & bar, walk-in pantry, Caesarstone counters, walnut floors, private desk/office area, and premium stainless appliances including two dishwashers and a wine cooler. The upper level includes skylights, two en suite bedrooms, den/study, and the master suite with fireplace, sitting area/office & private patio. The glorious patio with a 48" BBQ cooktop, fire pit and hot tub are divine for relaxing or entertaining. Less than 5 minutes to downtown Aspen." 2016 taxes: $16,572; HOA Dues: $100 per Yr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/04/2017; Sold Date: 04/12/2017. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Hyman Ave)
 
MLS #142133 - Riverside, Central Core, 1024 E Cooper Avenue 7, Aspen, CO. Sold Price: $1,325,000/$1,457 sq ft; furnished. More details below photos.
Aspen real estate 041617 142133 1024 E Cooper Avenue 7 1 590W  Aspen real estate 041617 142133 1024 E Cooper Avenue 7 2 190H Aspen real estate 041617 142133 1024 E Cooper Avenue 7 3 190H  Aspen real estate 041617 142133 1024 E Cooper Avenue 7 4 190H Aspen real estate 041617 142133 1024 E Cooper Avenue 7 5 190H
MLS #142133 - Riverside, Central Core, 1024 E Cooper Avenue 7, Aspen, CO. Sold Price: $1,325,000/$1,457 sq ft; furnished. Aspen condo for sale. Ask Price: $1,495,000. (Original Price: $1,495,000 and 444 days on the market since 12/29/2015.) East Cooper St is also Hwy 82 heading east out of town towards Indeendence Pass. This is a 1970 built 2015 remodeled, 2 bedroom/2 bath/1 half-bath, 909 sq ft condo. Broker comments are "Contemporary two bedroom, two & a half bath condo completely remodeled December 2015. Enjoy the expansive open kitchen, living and dining area with soaring ceilings and views of Aspen Mountain. The kitchen has all new stainless steel appliances and stone counter tops. The spacious master suite is on the first floor with large walk-in closet. The upstairs guest room has a private deck with Aspen Mountain views." 2015 taxes: $2,243; HOA Dues: $1,335 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/19/2017; Sold Date: 04/11/2017. (Photos and broker comments courtesy of Whitman Fine Properties)
 
MLS #145357 - Silver Glo Condos, Central Core, 940 Waters Avenue Unit #305, Aspen, CO. Sold Price: $750,000/$1,056 sq ft; furnished. More details below photos.
Aspen real estate 041617 145357 940 Waters Avenue Unit 305 1 590W  Aspen real estate 041617 145357 940 Waters Avenue Unit 305 2 590W  Aspen real estate 041617 145357 940 Waters Avenue Unit 305 3 190H Aspen real estate 041617 145357 940 Waters Avenue Unit 305 4 190H  Aspen real estate 041617 145357 940 Waters Avenue Unit 305 5 190H Aspen real estate 041617 145357 940 Waters Avenue Unit 305 6 190H
MLS #145357 - Silver Glo, Central Core, 940 Waters Avenue Unit #305, Aspen, CO. Sold Price: $750,000/$1,056 sq ft; furnished. Aspen condo for sale. Ask Price: $775,000. (Original Price: $849,000 and 534 days on the market since 06/03/2015.) This is a 1970 built 2008 remodeled, 2 bedroom/2 bath, 710 sq ft condo. Broker comments are "Desirable top floor 2 bedroom 2 bath completely renovated and furnished unit facing Aspen Mountain to the south and Red Mountain to the north. Units 305 and 306 are adjoining, opportunity to have 4 bedrooms next to each other. Located 3 blocks to City Market and 4 blocks to the gondola. Great rental potential. On site management, pool area and ample parking. 24 hrs notice to show." 2016 taxes: $1,841; HOA Dues: $6,828 per Yr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/05/2017; Sold Date: 04/10/2017. (Photos and broker comments courtesy of Frias Properties of Aspen)
 
MLS #144933 - Country Club, 257 Fairway Drive, Snowmass Village, CO: Sold Price: $1,800,000/$634 sq ft; furnished. More details below photos.
Aspen real estate 041617 144933 257 Fairway Drive 1 590W  Aspen real estate 041617 144933 257 Fairway Drive 2 590W  Aspen real estate 041617 144933 257 Fairway Drive 3 190H Aspen real estate 041617 144933 257 Fairway Drive 4 190H  Aspen real estate 041617 144933 257 Fairway Drive 5 190H Aspen real estate 041617 144933 257 Fairway Drive 6 190H
MLS #144933 - Country Club, 257 Fairway Drive, Snowmass Village, CO: Sold Price: $1,800,000/$634 sq ft; furnished. Snowmass Village single family residence for sale. Ask Price: $1,950,000. (Original Price: $1,950,000 and 285 days on the market since 07/01/2016.) This is a 1988 built, 4 bedroom/3 bath, 2,836 sq ft single family residence with 2 car garage on a 8,487 sq ft lot. Broker comments are "Perfectly located on the Snowmass Golf course with big views of Mount Daily and towards the ski area. Skiing is just a short walk to top of street to Two Creeks lift and Snowmass Club a short walk in the other direction. Well maintained four bedroom home or 3 bedrooms plus den with oversized kitchen, breakfast nook, ski room and office. Great deck outside kitchen to soak up the sun. A great street with lots of community feeling." 2016 Taxes: $5,742; HOA Dues: $100 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 11/15/2016; Sold Date: 04/12/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby's International Realty-Snowmass Village)
 
MLS #141210 - Ridge Run Vacant Lot Sale, 1951 Faraway Road, Snowmass Village, CO: Sold Price: $1,600,000. More details below photos.
Aspen real estate 041617 141210 1951 Faraway Road 1 590W  Aspen real estate 041617 141210 1951 Faraway Road 2 590W  Aspen real estate 041617 141210 1951 Faraway Road 3 190H Aspen real estate 041617 141210 1951 Faraway Road 4 190H
MLS #141210 - Ridge Run Vacant Lot Sale, 1951 Faraway Road, Snowmass Village, CO: Sold Price: $1,600,000. Snowmass Village single family vacant lot for sale. Ask Price: $1,895,000. (Original Price: $1,995,000 and 517 days on the market since 09/21/2015.) This is a 34,848 sq ft single family vacant lot.
Ski access is nearby - see aerial photo and ski access map. Broker comments are "Build the dream home in one of the last remaining lots in Snowmass Village. Off of upper loop of Faraway Road, this vacant lot has a flat building area and up to 4,500 square feet is allowed by right. The lot has potential for amazing views with easy driveway access. Ski in access is 3 house's away and ski out is just as easy down West Fork run to Two Creeks. Homes sold on the across the street this past year for above $6,000,000. Do not let this opportunity pass you by." 2016 Taxes: $14,309; HOA Dues: $90 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 03/14/2017; Sold Date: 04/12/2017. (Photos and broker comments courtesy of Douglas Elliman Real Estate-SMV)
 
MLS #145253 - Shadowbrook, 105 Campground Lane Unit 406, Snowmass Village, CO: Sold Price: $1,500,000/$695 sq ft; furnished. More details below photos. 
Aspen real estate 041617 145253 105 Campground Lane Unit 406 1 590W  Aspen real estate 041617 145253 105 Campground Lane Unit 406 2 590W  Aspen real estate 041617 145253 105 Campground Lane Unit 406 3 190H Aspen real estate 041617 145253 105 Campground Lane Unit 406 4 190H  Aspen real estate 041617 145253 105 Campground Lane Unit 406 5 190H Aspen real estate 041617 145253 105 Campground Lane Unit 406 6 190H
MLS #145253 - Shadowbrook, 105 Campground Lane Unit 406, Snowmass Village, CO: Sold Price: $1,500,000/$695 sq ft; furnished. Snowmass Village condo for sale. Ask Price: $1,595,000. (Original Price: $1,595,000 and 268 days on the market since 07/20/2016.) This is a 1968 built and 2012 remodeled, 4 bedroom/3 bath, 2,156 sq ft condo. Broker comments are "Fantastic location with direct ski access from your door to the slopes! Spacious four bedroom with 2,156 sq ft. Amazing corner location next to park and stream. Beautifully furnished and remodeled in 2012. Direct ski-in and ski-out. Excellent rental property with outstanding rental management. Deck off of living room faces park and stream. Patio off living room with access to slopes, pool, jacuzzi. Super location to both Base Village and the Snowmass Mall. If you are looking for the perfect ski retreat for your family and friends - this is IT!" 2016 Taxes: $5,070; HOA Dues: $18,657 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 03/15/2017; Sold Date: 04/14/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby's International Realty-Snowmass Village)
 
MLS #146979 - Meadow Ranch, 131 Meadow Ranch Drive, Snowmass Village, CO: Sold Price: $1,095,000/$624 sq ft. More details below photos.
Aspen real estate 041617 146979 131 Meadow Ranch Drive 1 590W  Aspen real estate 041617 146979 131 Meadow Ranch Drive 2 590W  Aspen real estate 041617 146979 131 Meadow Ranch Drive 3 190H Aspen real estate 041617 146979 131 Meadow Ranch Drive 4 190H  Aspen real estate 041617 146979 131 Meadow Ranch Drive 5 190H Aspen real estate 041617 146979 131 Meadow Ranch Drive 6 190H
MLS #146979 - Meadow Ranch, 131 Meadow Ranch Drive, Snowmass Village, CO: Sold Price: $1,095,000/$624 sq ft. Snowmass Village duplex/half-duplex for sale. Ask Price: $1,095,000. (Original Price: $1,095,000 and 72 days on the market since 12/15/2016.) This is a 1978 built, 3 bedroom/3 bath, 1,753 sq ft duplex/half-duplex. Broker comments are "One of a kind Meadow Ranch Duplex with 3 bedrooms, 3 full bathrooms and 1753 sq. ft. The property backs up to open space on two sides providing unique privacy and views. The large lower deck features a hot tub, has access from the master and guest bedrooms, and the ability walkout to a flat, manicured lawn area. Light and bright with high ceilings, large windows, skylights and recessed LED lighting. Enjoy a chefs kitchen with Wolf gas range, built-in appliances, granite slab counters, and under cabinet lighting. Living room with wood burning fireplace with hearth and pull down TV mount adjoins a bonus space currently used as a playroom with built-in cabinetry and large walk-in storage." 2015 Taxes: $2,805; HOA Dues: $1,610 per Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 02/22/2017; Sold Date: 04/07/2017. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Durant)
 
 

Recent Estin Report tweets on Aspen Real Estate

EstinAspen Apr 16 - 23, 17 #EstinReport: Last Week's #AspenRealEstate Sales & Stats: Sold (9) + Pending (8) https://t.co/QyfPwre6SL
EstinAspen April 9 - 16, 2017 #EstinReport: Last Week's #AspenRealEstate Sales & Stats: Closed (8) + Under Contract (12) https://t.co/Rih6rSDaUl
EstinAspen Apr 2 - 9, 2017 #EstinReport: Last Week's #AspenRealEstate Sales & Stats: Closed (14) + Under Contract (6) https://t.co/Xsunmpkcdc
EstinAspen Mar 26 - Apr 2, 2017 #EstinReport: Last Week's #AspenRealEstate Sales & Stats: Closed (13) + Under Contract (10) https://t.co/YJXwbsLZJr
EstinAspen March 19 - 26, 2017 #EstinReport: Last Week's #AspenRealEstate Sales & Stats: Closed (10) + Under Contract (13) https://t.co/SBJOs9nSAT
EstinAspen Mar 12 - 19, 2017 #EstinReport: Last Week's #AspenRealEstate Sales & Stats: Closed (5) + Under Contract (27) https://t.co/lWyx0P4xuO
EstinAspen Mar 5 - 12, 2017 #EstinReport: Last Week's #AspenRealEstate Sales & Stats: Closed (7) + Under Contract (15) https://t.co/5TEYy2PeZG

Disclaimer: The statements made in The Estin Report and on Aspen broker Tim Estin's blog represent the opinions of the author and should not be relied upon exclusively to make real estate decisions. A potential buyer and/or seller is advised to make an independent investigation of the market and of each property before deciding to purchase or to sell. To the extent the statements made herein report facts or conclusions taken from other sources, the information is believed by the author to be reliable, however, the author makes no guarantee concerning the accuracy of the facts and conclusions reported herein. Information concerning particular real estate opportunities can be requested from Tim Estin at 970.309.6163  or by emailThe Estin Report is copyrighted 2017 and all rights reserved. Use is permitted subject to the following attribution with a live link to the source: "The Estin Report on Aspen Real Estate."

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Apr 2 - 9, 2017 Estin Report: Last Week's Aspen Snowmass Real Estate Sales & Stats: Closed (14) + Under Contract / Pending (6)


The March 2017 Aspen Snowmass Real Estate Monthly Market Snapshot was posted in Current Reports Apr 3, 17. The Monthly Snapshots are usually posted on or near the 1st Monday of the month. The Q1 2017 & 2016 Year End report will be released mid-April, as will Q4 2016 stats.


An article appeared in the Denver Post Sunday Feb 26th on Colorado Mountain resort real estate including Aspen and Pitkin County. 

Bottom Line Mar 2017 Snapshot Excerpt:

"For year-to-date (YTD), Jan 1 through Mar 31, 2017, the total combined Aspen Snowmass Village market is up 22% in dollar sales to $224M from $184M same time last year and up 11% in unit sales with (78) sales in 2017 versus (70) last year-to-date.

The number of under contract properties for the combined Aspen Snowmass Village market is up 121% to (35) in Mar 2017 versus (24) same time last year.

Under Contracts are used as an indicator of future activity when compared to the prior year."

 

040317 Estin Report AspSMV Q117 and 2016Yr Performance Comparison 590w 72res
Click tables to enlarge

 

New Charts Below: Historic Pace of Aspen and Snowmass Village Homes, Condos and Vacant Land / Lots by Dollar Sales and Unit Sales Updated with Q1 2017. (These charts are very popular and will be updated every quarter):

These new charts were originally posted in Current Reports on 02/15/17 through Q4 2016. They have been updated with Q1 2017 stats. The charts are: the historic pace of dollar and unit sales since 2006 separately for Aspen and Snowmass Village (SMV) by property types: 1) all properties combined; 2) single family homes; 3) condos; 4) vacant land / lots. (Fractionals, with the exception of extreme sales, are not included.)

Sales velocity, or pace, whether by dollar volume or unit sales is extremely useful to consider ss the unit sales drop-off in the 2nd Half 2007 so foreshadowed the Great Recession. 


While many real estate professionals use dollar volume sales as the single metric for sales performance (it often looks 'better'), unit sales are a more reliable measure of market activity. Dollar sales can be skewed disproportionately by extreme high or low end priced sales.

Clients often ask, "Where are we now compared to the Great Recession...?". These charts offer a solid reference for that conversation. In this instance, the starting point for the trend line is 2006, but, of course, where the trend line commences will affect its outcome...If the charts had started at 2009, the trend would be more upwards at present than is shown here.

As this is written, post-election Nov 2016 through Feb 15, 2017, sales have picked up considerably and are decidedly on an upward trajectory.

021517 Estin Report Aspen Real Estate Historic All Properties Unit Sales 590w96res

Click chart to see additional breakdown charts for Aspen and SMV by property types. 

"Flip Job" Examples: See recent Before/After redevelopment  in the new Flip Jobs Section near the bottom of the Menu Bar on the left. These are properties that have been recently or are currently in the process of redevelopment for re-sale. This post is updated (01/04/17) as additional re-sale properties come on the market at significantly higher prices.

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Market Activity Week 14, April 2 - 9, 2017

Aspen Snowmass real estate weekly sales and under contract activity appears below for all Aspen, Snowmass Village, Brush Cr Village, Woody Creek and Old Snowmass properties over $250,000 excluding fractionals in the upper Roaring Fork Valley. As the MLS links below expire after 30 days, photos and written descriptions of select closed properties (those with excellent photography) are posted here to preserve an archive of sold market activity.  Scroll down the page for home photos and details of weekly sales and under contract / pending Aspen properties in the past 4 weeks. For earlier dates, use the down arrow to quickly find blog archives by year and date to 2008. Or use SearchEstinAspen in the menu bar to search by topic, address, subdivision, complex, date, etc.  If it's about Aspen real estate, the information should be here.

Closed (14):  MLS#s 137729, 126639, 140094, 139558, 140546, 143224, 143451, 143570, 144283, 146449, 147357, 147581, 147653, 148286. This link is valid until 5/9/2017.

Under Contract/Pending (6)MLS#s 140442, 135201, 137984, 144590, 146167, 146951. This link is valid until 5/9/2017.

Aspen Snowmass Solds Last Week:  


MLS #143451 - Central Core, 803 E Hyman Avenue, Aspen, CO. Sold Price: $14,945,000/$2,668 sq ft; furnished. More details below photos. 
Aspen real estate 040917 143451 803 E Hyman Avenue 1 590W  Aspen real estate 040917 143451 803 E Hyman Avenue 2 590W  Aspen real estate 040917 143451 803 E Hyman Avenue 3 190H Aspen real estate 040917 143451 803 E Hyman Avenue 3 190H  Aspen real estate 040917 143451 803 E Hyman Avenue 5 190H Aspen real estate 040917 143451 803 E Hyman Avenue 6 190H
MLS #143451 - Central Core, 803 E Hyman Avenue, Aspen, CO. Sold Price: $14,945,000/$2,668 sq ft; furnished. Aspen single family residence for sale. Ask Price: $15,150,000. (Original Price: $15,150,000 and 647 days on the market since 06/24/2015.) This is a 1990 built and 2007 remodeled, 5 bedroom/6 bath/1 half-bath, 5,600 sq ft single family residence with 2 car garage on a 6,000 sq ft lot. The home is beautiful with noteworthy stunning gardens surrounding the entry in the summer. The interior design is by the exceptionally talented Travis Terry from Dallas who has recently returned home to Aspen after being away in LA and Dallas for a few years.  Broker comments are "This is a rare opportunity to own a freestanding house in desirable downtown Aspen. The property includes 5 bedrooms, 6.5 baths, a large family room, bonus room and a 2 car garage. The living area is on the top floor and therefore affords direct views of Aspen Mountain from the spacious deck. Impeccably furnished and appointed by Travis Terry, it blends Western, and contemporary styles harmoniously. There are many custom fixtures and eye catching textures to behold. The property is replete with all the comforts required to enjoy the Aspen lifestyle. One can easily walk a block to the new Aspen Art Museum, 3 blocks to the Little Nell hotel, Ajax gondola or 4 blocks to restaurant row. Truly a turnkey property located in the core of Aspen!" 2016 taxes: $23,492. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/18/2017; Sold Date: 03/30/2017. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Durant)
 
MLS #140546 - Fivetrees, West Aspen, 991 Moore Drive, Aspen, CO. Sold Price: $13,490,000/$1,349 sq ft; furnished. More details below photos.
Aspen real estate 040917 140546 991 Moore Drive 1 590W  Aspen real estate 040917 140546 991 Moore Drive 2 590W  Aspen real estate 040917 140546 991 Moore Drive 3 190H Aspen real estate 040917 140546 991 Moore Drive 4 190H  Aspen real estate 040917 140546 991 Moore Drive 6 190H Aspen real estate 040917 140546 991 Moore Drive 5 190H  Aspen real estate 040917 140546 991 Moore Drive 7 190H Aspen real estate 040917 140546 991 Moore Drive 8 190H
MLS #140546 - Fivetrees Subdivision, West Aspen, 991 Moore Drive, Aspen, CO. Sold Price: $13,490,000/$1,349 sq ft; furnished. Aspen single family residence for sale. Ask Price: $14,950,000. (Original Price: $16,950,000 and 958 days on the market since 07/18/2014.) This is a 2014 built, 5 bedroom/6 bath/2 half-bath, 10,000 sq ft single family residence with 3 car garage on a 1.27 aces lot. Broker comments are "Perched above all the rest - on the highest lot in the City of Aspen, resides a new Scott Lindenau, of Studio B Architects, designed residence with views towards Aspen, Red Mountain and the Hunter Creek Valley. The home's harmonious blend of contemporary finishes include European white oak, plaster walls, gray limestone and Corten steel to create a serene yet exciting space with great attention to detail. The thoughtful floorplan features large public spaces, intimacy for bedroom areas and multiple indoor/outdoor entertaining options. Ski-in from Aspen Highlands on the trail from Thunderbowl and ski-out via the Five Trees lift. Warm and inviting, private yet close to town - this new furnished home is ready for it's first owner to enjoy the Aspen lifestyle." 2016 taxes: $41,680; HOA Dues: $60 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/08/2017; Sold Date: 04/05/2017. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)
 
MLS #137729 - Enclave @ Aspen, Central Core, 421 S West End Street, Aspen, CO. Sold Price: $7,700,000/$1,868 sq ft; furnished. More details below photos.
Aspen real estate 040917 137729 421 S West End Street 1 590W  Aspen real estate 040917 137729 421 S West End Street 2 590W  Aspen real estate 040917 137729 421 S West End Street 3 190H Aspen real estate 040917 137729 421 S West End Street 4 190H
MLS #137729 - Enclave @ Aspen, Central Core, 421 S West End Street, Aspen, CO. Sold Price: $7,700,000/$1,868 sq ft; furnished. Aspen townhouse for sale. Ask Price: $7,800,000. (Original Price: $7,500,000 and 1,036 days on the market since 12/16/2013.) This is a 1995 built and 2012 remodeled, 3 bedroom/3 bath/1 half-bath, 4,177 sq ft townhouse with 2 car garage on a 3,867 sq ft lot. Broker comments are "Rare Aspen Core south facing spacious corner end unit 4,177 sq ft Enclave townhome & 2 car heated garage. Possible to convert media, gym/exercise and office to 3 additional bedrooms + additional bath." 2016 taxes: $15,551; HOA Dues: $3,500 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/10/2017; Sold Date: 04/03/2017. (Photos and broker comments courtesy of The Peer Group)
 
MLS #143570 - River Bluff, Smuggler, 155 Lone Pine Road 1, Aspen, CO. Sold Price: $4,163,280/$1,660 sq ft; furnished. More details below photos. 
Aspen real estate 040917 143570 155 Lone Pine Road 1 1 590W  Aspen real estate 040917 143570 155 Lone Pine Road 1 2 590W  Aspen real estate 040917 143570 155 Lone Pine Road 1 3 190H Aspen real estate 040917 143570 155 Lone Pine Road 1 4 190H  Aspen real estate 040917 143570 155 Lone Pine Road 1 5 190H Aspen real estate 040917 143570 155 Lone Pine Road 1 6 190H
MLS #143570 - River Bluff, Smuggler, 155 Lone Pine Road 1, Aspen, CO. Sold Price: $4,163,280/$1,660 sq ft; furnished. Aspen townhouse for sale. Ask Price: $4,299,000. (Original Price: $4,650,000 and 371 days on the market since 03/31/2016.) This is a 1980 built and 2014 remodeled, 4 bedroom/4 bath/1 half-bath, 2,508 sq ft townhouse with 2 car garage. Broker comments are "Luxurious, newly remodeled 2500 sq ft townhome with 4 bedrooms, 4.5 bathrooms, ideally located just a 5 minute walk to center of town! This impeccable home comes with amazing amenities including a two car garage, heated walkways, and private hot tub with stunning views from the interiors as well as the gorgeous stone patio. No expense was spared in the finishes: Bosch stainless appliances and gas cooktop, wine cooler, custom stone fireplace with built-in shelving, heated bathroom floors, spacious en-suite master with vaulted ceilings, entertainment system throughout home. air-conditioning units on upper level Commanding views of Aspen mountain from nearly every room in the house. The grounds have a stream in summer and you are directly across from the Rio Grande trail and Roaring Fork!" 2015 taxes: $8,433; HOA Dues: $1,400 per Month. Under Contract Date: 02/12/2017; Sold Date: 04/06/2017. (Photos and broker comments courtesy of Whitman Fine Properties)
 
MLS #143224 - Park Central West, Central Core, 210 E Hyman Avenue 6, Aspen, CO. Sold Price: $1,550,000/$1,507 sq ft; furnished. More details below photos.
Aspen real estate 040917 143224 210 E Hyman Avenue 6 1 590W  Aspen real estate 040917 143224 210 E Hyman Avenue 6 2 590W  Aspen real estate 040917 143224 210 E Hyman Avenue 6 3 190H Aspen real estate 040917 143224 210 E Hyman Avenue 6 4 190H  Aspen real estate 040917 143224 210 E Hyman Avenue 6 5 190H Aspen real estate 040917 143224 210 E Hyman Avenue 6 6 190H
MLS #143224 - Park Central West, Central Core, 210 E Hyman Avenue 6, Aspen, CO. Sold Price: $1,550,000/$1,507 sq ft; furnished. Aspen condo for sale. Ask Price: $1,595,000. (Original Price: $1,499,900 and 289 days on the market since 03/24/2016.) This is a 1981 built, 1 bedroom/1 bath/1 half-bath, 1,028 sq ft condo. Broker comments are "A penthouse in it's own building, newly renovated with French provincial décor, this top floor, one bedroom features custom interiors, Mountain views from the spacious balcony. The gourmet kitchen has custom cabinets, marble counter tops, upgraded appliances and opens to the dining area and living room. The spacious living room has high vaulted ceilings, hardwood floors, wood-burning fireplace and opens to the private deck that looks toward downtown Aspen. The master suite is light & bright with vaulted exposed beam ceilings and a private bathroom with a large jetted tub. This building offers newly renovated pool and hot tub, assigned parking and is in the best of locations right in the center of the core. Don't miss this wonderful opportunity!" 2016 taxes: $2,965; HOA Dues: $928 per Month. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/30/2017; Sold Date: 04/06/2017. (Photos and broker comments courtesy of Whitman Fine Properties)
 
MLS #147581 - West End, 332 W MAIN Street, Aspen, CO. Sold Price: $1,500,000 sq ft. More details below photos.
Aspen real estate 040917 147581 332 W Main Street 1 590W  Aspen real estate 040917 147581 332 W Main Street 2 190H Aspen real estate 040917 147581 332 W Main Street 3 190H  Aspen real estate 040917 147581 332 W Main Street 4 190H Aspen real estate 040917 147581 332 W Main Street 5 190H
MLS #147581 - West End, 332 W Main Street, Aspen, CO. Sold Price: $1,500,000/$857  sq ft. Aspen commercial industria for sale. Ask Price: $1,500,000. (Original Price: $1,500,000 and 64 days on the market since 02/02/2017.) This is a 1887 built, 1 -5 units, 1,750 sq ft commercial industria on a 4,500 sq ft lot. Broker comments are "Great office space conveniently located on Main St. with beautiful views and great visibility from the street. Four separate offices spaces with 2 bathrooms, a kitchenette and plenty of storage space. Perfect for a private business or to lease out to four different individuals for steady income." 2016 taxes: $18,026; HOA Dues: $1,750 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/17/2017; Sold Date: 04/07/2017. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Hyman Ave)
 
MLS #144283 - Gant, Central Core, 610 S West End Street A204, Aspen, CO. Sold Price: $1,355,000/$1,296 sq ft; furnished. More details below photos.
Aspen real estate 040917 144283 610 S West End Street A204 1 590W  Aspen real estate 040917 144283 610 S West End Street A204 2 590W  Aspen real estate 040917 144283 610 S West End Street A204 3 190H Aspen real estate 040917 144283 610 S West End Street A204 4 190H  Aspen real estate 040917 144283 610 S West End Street A204 5 190H Aspen real estate 040917 144283 610 S West End Street A204 6 190H
MLS #144283 - Gant, Central Core, 610 S West End Street A204, Aspen, CO. Sold Price: $1,355,000/$1,296 sq ft; furnished. Aspen condo for sale. Ask Price: $1,425,000. (Original Price: $1,495,000 and 315 days on the market since 05/26/2016.) This is a 1972 built and 2011 remodeled, 2 bedroom/2 bath, 1,045 sq ft condo. Broker comments are "Great location with larger floor plan makes this the best opportunity at The Gant. This Deluxe two bedroom/two bath condominium on the corner of the desirable A Building overlooks open space and mature trees. Far west property location allows easy access to all the Gant amenities and a short walk to the Aspen Mountain Gondola, your favorite restaurants, and shopping. In the Winter, cozy up to your wood burning fireplace and Apres ski to Ajax and gondola views from your private deck. In the Summer and Fall, relax on the additional deck off the master bedroom to the sights and sounds of The Gant stream, waterfalls, and quaking Aspens. Soak in Red Mountain sunsets from either deck in all seasons. This end unit with extra square footage allows your family and guests to spread out after a day of playing. This Deluxe rated property has a strong rental history and is often requested by return guests. The Gant is the very best resort property in town with two pools, hot tubs, fitness center, and hard/clay tennis courts. Convenient shuttle service to the airport and around town. Onsite management and concierge services to ensure that every day in Aspen is PERFECT." 2015 taxes: $3,320; HOA Dues: $26,810 per Yr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/07/2017; Sold Date: 04/06/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby's International Realty-Hyman Mall)
 
MLS #147357 - Hunter Creek, Smuggler, 1028 Vine Street, Aspen, CO. Sold Price: $815,000/$796 sq ft; unfurnished. More details below photos.
Aspen real estate 040917 147357 1028 Vine Street 1 590W  Aspen real estate 040917 147357 1028 Vine Street 2 590W  Aspen real estate 040917 147357 1028 Vine Street 3 190H Aspen real estate 040917 147357 1028 Vine Street 4 190H  Aspen real estate 040917 147357 1028 Vine Street 5 190H Aspen real estate 040917 147357 1028 Vine Street 6 190H  Aspen real estate 040917 147357 1028 Vine Street 7 190H Aspen real estate 040917 147357 1028 Vine Street 8 190H
MLS #147357 - Hunter Creek, Smuggler, 1028 Vine Street, Aspen, CO. Sold Price: $815,000/$796 sq ft; unfurnished. Aspen condo for sale. Ask Price: $818,000. (Original Price: $818,000 and 67 days on the market since 01/23/2017.) This is a 1980 built, 3 bedroom/2 bath, 1,023 sq ft condo. Broker comments are "South facing with Aspen Mountain views, this second floor condo has a excellent rental history. Great time to create your perfect Aspen home! Enjoy the amenities that Hunter Creek has to offer, pool, tennis courts, hot tubs. Adjacent to the Hunter Creek trail head and the Rio Grande trail nearby. Take a short walk or shuttle bus downtown." 2016 taxes: $1,624; HOA Dues: $440 per Month. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/10/2017; Sold Date: 03/31/2017. (Photos and broker comments courtesy of Hunter Creek Properties)
 
MLS #148286 - Aspen Airport Business Center, West Aspen, 208 AABC, Aspen, CO. Sold Price: $720,000 sq ft. More details below photo.
Aspen real estate 040917 148286 208 AABC 1 590W
MLS #148286 - Aspen Airport Business Center, West Aspen, 208 AABC, Aspen, CO. Sold Price: $720,000 sq ft. Aspen commercial industria for sale. Ask Price: $750,000. (Original Price: $750,000 and 79 days on the market since 01/01/2017.) This is a 1978 built, 1 -5 units, 22,000 sq ft commercial industria on a 22,000 sq ft lot. Broker comments are "Sale of improvement only, subject to land lease. Sold before public listing." 2015 taxes: $4,111. Under Contract Date: 02/04/2017; Sold Date: 03/21/2017. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Hyman Ave)
 
MLS #140094 - Chateau Blanc, Central Core, 901 E Hyman Avenue #8, Aspen, CO. Sold Price: $675,000/$813 sq ft; furnished. More details below photos.
Aspen real estate 040917 140094 901 E Hyman Avenue 8 1 590W  Aspen real estate 040917 140094 901 E Hyman Avenue 8 2 590W  Aspen real estate 040917 140094 901 E Hyman Avenue 8 3 190H Aspen real estate 040917 140094 901 E Hyman Avenue 8 4 190H  Aspen real estate 040917 140094 901 E Hyman Avenue 8 5 190H Aspen real estate 040917 140094 901 E Hyman Avenue 8 6 190H
MLS #140094 - Chateau Blanc, Central Core, 901 E Hyman Avenue #8, Aspen, CO. Sold Price: $675,000/$813 sq ft; furnished. Aspen condo for sale. Ask Price: $695,000. (Original Price: $750,000 and 637 days on the market since 07/09/2015.) This is a 1966 built, 1 bedroom/1 bath, 830 sq ft condo. Broker comments are "This is one of the largest one-bedroom condos available in Aspen's downtown core, located on a lovely, quiet residential street just three blocks from all the amenities of Aspen and an easy walk to the gondola. Huge, open living/dining rooms and kitchen, nicely updated kitchen and bathroom, good closet space and wood-burning fireplace. Chateau Blanc offers on-site management and very low homeowner's association dues." 2016 taxes: $1,851; HOA Dues: $225+/- per Month. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/08/2017; Sold Date: 04/06/2017. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Hyman Ave)
 
MLS #147653 - Hunter Creek, Smuggler, 1126 VINE Street, Aspen, CO. Sold Price: $401,500/$929 sq ft; partial-furnished. More details below photos.
Aspen real estate 040917 147653 1126 Vine Street 1 590W  Aspen real estate 040917 147653 1126 Vine Street 2 590W  Aspen real estate 040917 147653 1126 Vine Street 3 190H Aspen real estate 040917 147653 1126 Vine Street 4 190H
MLS #147653 - Hunter Creek, Smuggler, 1126 VINE Street, Aspen, CO. Sold Price: $401,500/$929 sq ft; partial-furnished. Aspen condo for sale. Ask Price: $449,000. (Original Price: $449,000 and 39 days on the market since 02/20/2017.) This is a 1980 built, 1 bath, 432 sq ft condo. Broker comments are "This is a rarely available studio located in a corner unit with lots of light. The large deck has views of Independence Pass. Very low HOA fees. The unite is remodeled with plaster walls, new bathroom, kitchen and a large walk-in closet. Quiet and private. The Hunter Creek complex offers private tennis courts, an outdoor swimming pool and hot tubs." 2016 taxes: $617; HOA Dues: $207 per Month. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/20/2017; Sold Date: 03/31/2017. (Photos and broker comments courtesy of Lightfoot Real Estate)
 
MLS #139558 - Divide, 530 Divide Drive, Snowmass Village, CO: Sold Price: $5,250,000/$918 sq ft; furnished. More details below photos.
Aspen real estate 040917 139558 530 Divide Drive 1 590W  Aspen real estate 040917 139558 530 Divide Drive 2 590W  Aspen real estate 040917 139558 530 Divide Drive 3 190H Aspen real estate 040917 139558 530 Divide Drive 4 190H  Aspen real estate 040917 139558 530 Divide Drive 5 190H Aspen real estate 040917 139558 530 Divide Drive 6 190H
MLS #139558 - Divide, 530 Divide Drive, Snowmass Village, CO: Sold Price: $5,250,000/$918 sq ft; furnished. Snowmass Village single family residence for sale. Ask Price: $5,995,000. (Original Price: $6,295,000 and 610 days on the market since 06/01/2015.) This is a 1998 built, 4 bedroom/6 bath/1 half-bath, 5,713 sq ft single family residencewith 2 car garage on a 2.16 acres lot. Broker comments are "Arguably, best view lot in The Divide. This magnificent home takes full advantage of a 360 pano which inc Daly, the ski area, the Snowmass Creek Valley, the Cont'l Divide, and the adj ski trail, esp from the great room which features 3 walls of stunning floor-to-ceiling glass. Designed by Manchester w/ plans for 5th bdrm, making home 6060 sq ft (see Docs tab). On the upper level, extensive use of mahogany and anigre on floors, walls and cabinetry contributes to a rich, warm contemporary environment. Extraordinary detail, from curved trusses that took months to craft to thoughtfully designed lighting. Nothing overlooked. Other features include honed limestone entry floor and dramatic staircase; luxurious master suite with its own balcony, fireplace, and a spa-like ... see more in Addendum" 2016 Taxes: $23,879; HOA Dues: $5,616 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 02/20/2017; Sold Date: 04/04/2017. (Photos and broker comments courtesy of Berkshire Hathaway Homeservices | Aspen Snowmass Properties)
 
MLS #146449 - Ridge Run, 1382 Faraway Road, Snowmass Village, CO: Sold Price: $4,845,000/$947 sq ft; partial-furnished. More details below photos.
Aspen real estate 040917 146449 1382 Faraway Road 1 590W  Aspen real estate 040917 146449 1382 Faraway Road 2 590W  Aspen real estate 040917 146449 1382 Faraway Road 3 190H Aspen real estate 040917 146449 1382 Faraway Road 4 190H  Aspen real estate 040917 146449 1382 Faraway Road 5 190H Aspen real estate 040917 146449 1382 Faraway Road 6 190H
MLS #146449 - Ridge Run, 1382 Faraway Road, Snowmass Village, CO: Sold Price: $4,845,000/$947 sq ft; partial-furnished. Snowmass Village single family residence for sale. Ask Price: $5,295,000. (Original Price: $4,995,000 and 569 days on the market since 04/17/2014.) This is a 1989 built and 2016 remodeled, 5 bedroom/1 den/1 bunos-romm/5 bath/1 half-bath, 5,112 sq ft single family residencewith 2 car garage on a 35,283 sq ft lot. Broker comments are "Breath-taking views from every room of this tasteful, modern just-completed Sweeney remodeled to-the-studs open floor plan home. High ceilings throughout, top-of-line Thermador appliances in a chef’s kitchen with butler’s pantry, radiant heat zones for every room, four en-suite bedrooms, two living areas, billiard room, wet bar and office. This gorgeous home, surrounded by open space, is beautifully landscaped and features great outdoor areas that include a fire pit and two decks. More thoughtful features too numerous to describe. A mere 100 hundred yards to Tom Blake Trail for hiking and skiing. Fully furnished by Cather’s Home." 2016 Taxes: $6,480; HOA Dues: $90 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 03/11/2017; Sold Date: 04/07/2017. (Photos and broker comments courtesy of Douglas Elliman Real Estate-SMV)
 
MLS #126639 - Timberline, 690 Carriage Way Unit D1b, Snowmass Village, CO: Sold Price: $370,000/$543 sq ft; furnished. More details below photos.
Aspen real estate 040917 126639 690 Carriage Way unit D1b 1 590W  Aspen real estate 040917 126639 690 Carriage Way unit D1b 2 590W  Aspen real estate 040917 126639 690 Carriage Way unit D1b 3 190H Aspen real estate 040917 126639 690 Carriage Way unit D1b 4 190H  Aspen real estate 040917 126639 690 Carriage Way unit D1b 5 190H Aspen real estate 040917 126639 690 Carriage Way unit D1b 6 190H
MLS #126639 - Timberline, 690 Carriage Way Unit D1b, Snowmass Village, CO: Sold Price: $370,000/$543 sq ft; furnished. Snowmass Village condo for sale. Ask Price: $385,000. (Original Price: $450,000 and 1,717 days on the market since 07/25/2012.) This is a 1972 built and 2000 remodeled, 1 bedroom/1 bath, 681 sq ft condo. Broker comments are "SKI DIRECTLY to and from your patio door at this slopeside one bedroom condominium. NO STAIRS to or from the condominium gives it HANDICAP Access as well. Timberline has an excellent in- house management company providing strong rental history along with all the services. Additional amenities include a new slopeside pool and Jacuzzi,onsite restaurant,outdoor deck and BBQ area along with a fire pit for relaxation. Excellent value for a slope side condominium." 2016 Taxes: $1,363; HOA Dues: $9,677 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 03/17/2017; Sold Date: 04/07/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby's International Realty-Snowmass Village)
 
 

Recent Estin Report tweets on Aspen Real Estate

EstinAspen Apr 16 - 23, 17 #EstinReport: Last Week's #AspenRealEstate Sales & Stats: Sold (9) + Pending (8) https://t.co/QyfPwre6SL
EstinAspen April 9 - 16, 2017 #EstinReport: Last Week's #AspenRealEstate Sales & Stats: Closed (8) + Under Contract (12) https://t.co/Rih6rSDaUl
EstinAspen Apr 2 - 9, 2017 #EstinReport: Last Week's #AspenRealEstate Sales & Stats: Closed (14) + Under Contract (6) https://t.co/Xsunmpkcdc
EstinAspen Mar 26 - Apr 2, 2017 #EstinReport: Last Week's #AspenRealEstate Sales & Stats: Closed (13) + Under Contract (10) https://t.co/YJXwbsLZJr
EstinAspen March 19 - 26, 2017 #EstinReport: Last Week's #AspenRealEstate Sales & Stats: Closed (10) + Under Contract (13) https://t.co/SBJOs9nSAT
EstinAspen Mar 12 - 19, 2017 #EstinReport: Last Week's #AspenRealEstate Sales & Stats: Closed (5) + Under Contract (27) https://t.co/lWyx0P4xuO
EstinAspen Mar 5 - 12, 2017 #EstinReport: Last Week's #AspenRealEstate Sales & Stats: Closed (7) + Under Contract (15) https://t.co/5TEYy2PeZG

Disclaimer: The statements made in The Estin Report and on Aspen broker Tim Estin's blog represent the opinions of the author and should not be relied upon exclusively to make real estate decisions. A potential buyer and/or seller is advised to make an independent investigation of the market and of each property before deciding to purchase or to sell. To the extent the statements made herein report facts or conclusions taken from other sources, the information is believed by the author to be reliable, however, the author makes no guarantee concerning the accuracy of the facts and conclusions reported herein. Information concerning particular real estate opportunities can be requested from Tim Estin at 970.309.6163  or by emailThe Estin Report is copyrighted 2017 and all rights reserved. Use is permitted subject to the following attribution with a live link to the source: "The Estin Report on Aspen Real Estate."

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Mar 26 - Apr 2, 2017 Estin Report: Last Week's Aspen Snowmass Real Estate Sales & Stats: Closed (13) + Under Contract / Pending (10)


The March 2017 Aspen Snowmass Real Estate Monthly Market Snapshot was posted in Current Reports Apr 3, 17. The Monthly Snapshots are usually posted on or near the 1st Monday of the month. The Q1 2017 & 2016 Year End report will be released mid-April, as will Q4 2016 stats.


An article appeared in the Denver Post Sunday Feb 26th on Colorado Mountain resort real estate including Aspen and Pitkin County. 

Bottom Line Mar 2017 Snapshot Excerpt:

"For year-to-date (YTD), Jan 1 through Mar 31, 2017, the total combined Aspen Snowmass Village market is up 22% in dollar sales to $224M from $184M same time last year and up 11% in unit sales with (78) sales in 2017 versus (70) last year-to-date.

The number of under contract properties for the combined Aspen Snowmass Village market is up 121% to (35) in Mar 2017 versus (24) same time last year.

Under Contracts are used as an indicator of future activity when compared to the prior year."

 

040317 Estin Report AspSMV Q117 and 2016Yr Performance Comparison 590w 72res
Click tables to enlarge

 

New Charts: Historic Pace of Aspen and Snowmass Village Homes, Condos and Vacant Land / Lots by Dollar Sales and Unit Sales Updated with Q1 2017. (These charts are very popular and will be updated every quarter):

These new charts were originally posted in Current Reports on 02/15/17 through Q4 2016. They have been updated with Q1 2017 stats. The charts are: the historic pace of dollar and unit sales since 2006 separately for Aspen and Snowmass Village (SMV) by property types: 1) all properties combined; 2) single family homes; 3) condos; 4) vacant land / lots. (Fractionals, with the exception of extreme sales, are not included.)

Sales velocity, or pace, whether by dollar volume or unit sales is extremely useful to consider ss the unit sales drop-off in the 2nd Half 2007 so foreshadowed the Great Recession. 


While many real estate professionals use dollar volume sales as the single metric for sales performance (it often looks 'better'), unit sales are a more reliable measure of market activity. Dollar sales can be skewed disproportionately by extreme high or low end priced sales.

Clients often ask, "Where are we now compared to the Great Recession...?". These charts offer a solid reference for that conversation. In this instance, the starting point for the trend line is 2006, but, of course, where the trend line commences will affect its outcome...If the charts had started at 2009, the trend would be more upwards at present than is shown here.

As this is written, post-election Nov 2016 through Feb 15, 2017, sales have picked up considerably and are decidedly on an upward trajectory.

021517 Estin Report Aspen Real Estate Historic All Properties Unit Sales 590w96res

Click chart to see additional breakdown charts for Aspen and SMV by property types. 

"Flip Job" Examples: See recent Before/After redevelopment  in the new Flip Jobs Section near the bottom of the Menu Bar on the left. These are properties that have been recently or are currently in the process of redevelopment for re-sale. This post is updated (01/04/17) as additional re-sale properties come on the market at significantly higher prices.

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Market Activity Week 13, March 26 - April 2, 2017

Aspen Snowmass real estate weekly sales and under contract activity appears below for all Aspen, Snowmass Village, Brush Cr Village, Woody Creek and Old Snowmass properties over $250,000 excluding fractionals in the upper Roaring Fork Valley. As the MLS links below expire after 30 days, photos and written descriptions of select closed properties (those with excellent photography) are posted here to preserve an archive of sold market activity.  Scroll down the page for home photos and details of weekly sales and under contract / pending Aspen properties in the past 4 weeks. For earlier dates, use the down arrow to quickly find blog archives by year and date to 2008. Or use SearchEstinAspen in the menu bar to search by topic, address, subdivision, complex, date, etc.  If it's about Aspen real estate, the information should be here.

Closed (13):  MLS#s 138870, 138687, 141196, 141373, 136612, 142839, 144795, 145868, 146266, 146533, 147215, 147474, 147994. This link is valid until 5/2/2017.

Under Contract/Pending (10)MLS#s 142357, 140596, 143793, 144834, 146009, 146892, 147040, 147082, 147871, 147952. This link is valid until 5/2/2017.

Aspen Snowmass Solds Last Week:  


MLS #146533 - West End, 735 W Smuggler Street, Aspen, CO. Sold Price: $7,000,000/$1,308 sq ft; furnished. More details below photos.
Aspen real estate 040217 146533 735 W Smuggler Street 1 590W  Aspen real estate 040217 146533 735 W Smuggler Street 2 590W Aspen real estate 040217 146533 735 W Smuggler Street 3 190H  Aspen real estate 040217 146533 735 W Smuggler Street 4 190H Aspen real estate 040217 146533 735 W Smuggler Street 5 190H
MLS #146533 - West End, 735 W Smuggler Street, Aspen, CO. Sold Price: $7,000,000/$1,308 sq ft; furnished. Aspen single family residence for sale. Ask Price: $7,495,000. (Original Price: $8,950,000/$1,672 sq ft and on the market since 08/01/2015.) This is a 2006 built, 5 bedroom/5 bath/2 half-bath, 5,351 sq ft single family residence with 2 car garage on a 6,000 sq ft lot. Broker comments are "New Price, new square footage. $200k price reduction and just measured by True Dimensions increasing square footage from 5,080 sf to 5,351 sf. Redefining sanctuary and space, this great 5-bedroom West End home, custom built in 2006 is now only $1400/sf. Located just a few blocks to the Music tent, this beautiful home boasts various mountain and sunset views and sits on a highly desirable open corner lot in Aspen's coveted West End. Each generous bedroom is en-suite and the master is strategically located on the upper level with the great room, kitchen and dining room. The entry level has two guest master suites that walk-out to their own patios. The lower entertainment level includes a true home theater (may be converted to a legal 6th bedroom) and two additional bedroom suites. This is a great opportunity for a value buyer looking for a turn key home with lots of space in a superior location." 2016 taxes: $22,447. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/28/2017; Sold Date: 03/24/2017. (Property sold by Aspen broker Tim Estin. Photos and broker comments courtesy of Compass.)
 
MLS #138870 - Townsite of Aspen, West End, 209 E Bleeker Street, Aspen, CO. Sold Price: $6,250,000. More details below photos.
Aspen real estate 040217 138870 209 E Bleeker Street 1 590W  Aspen real estate 040217 138870 209 E Bleeker Street 2 190H Aspen real estate 040217 138870 209 E Bleeker Street 3 190H
MLS #138870 - Townsite of Aspen, West End, 209 E Bleeker Street, Aspen, CO. Sold Price: $6,250,000. Aspen single family vacant lot for sale. Ask Price: $6,500,000. (Original Price: $5,250,000 and 694 days on the market since 05/05/2015. The seller paid $4.1M on 05/05/15. It was re-listed the same day at $5.25M by the developer/buyer.) This is a 6,000 sq ft single family vacant lot located 1/2 block west of the Hotel Jerome. Property values in this immediate area have spiked considerably in the past 3-4 years as the Aspen Downtown Core has been Great Recession proof-tested as the #1 most desirable single family residential area followed by this 'fringe' area of the West End bordering the Core. This sale sets a new high bar for property values in the immediate area. See lot survey, siteplan and floorplans included with the sale. Although in the West End, the property is just two blocks from the Core and it is duplexable or could be a lot split both requiring Aspen Historic Preservation Commission (HPC) approval. It offers approximately 8,000 sq ft total Floor Area. For additional information, see the Aspen Municipal Land Use Code Sec 26.710.040 Medium-Density Residential R-6 Zone and Sec 26.415.010 on Historic Preservation. Broker comments are "Looking for views of Aspen Mountain? Want to be downtown? Hoping to create your own Aspen escape? This property has it all. A sunny West End lot with picture perfect views a stone’s throw from Aspen’s shops and restaurants. An existing historic house is on the property and can be incorporated into new construction, or take advantage of the historic preservation incentives for a lot split. Plenty of Aspen history envelops this property and you can feel the potential for future memories...time to make your own!" 2014 taxes: $5,191. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/27/2017; Sold Date: 03/29/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby's International Realty-Hyman Mall)
 
MLS #141196 - Knollwood, East Aspen, 42489 Highway 82, Aspen, CO. Sold Price: $4,490,000/$838 sq ft; unfurnished. More details below photos.
Aspen real estate 040217 141196 42489 Highway 82 1 590W  Aspen real estate 040217 141196 42489 Highway 82 2 590W  Aspen real estate 040217 141196 42489 Highway 82 3 190H Aspen real estate 040217 141196 42489 Highway 82 4 190H  Aspen real estate 040217 141196 42489 Highway 82 5 190H Aspen real estate 040217 141196 42489 Highway 82 6 190H
MLS #141196 - Knollwood, East Aspen, 42489 Highway 82, Aspen, CO. Sold Price: $4,490,000/$838 sq ft; unfurnished. Aspen single family residence for sale. Ask Price: $4,550,000. (Original Price: $6,399,000 and 630 days on the market since 03/17/2015.) This is a 2015 built, 5 bedroom/4 bath/1 half-bath, 5,357 sq ft single family residence with 2 car garage on a 18,599 sq ft lot. While one of the best "deals" of 2017, the property is located directly on Aspen's in/out Hwy 82 and impacted by significant roadway proximity and line-of-sight power lines (that could be buried for approx. $250,000-350,000). Broker comments are "Located just half a mile from the center of Aspen, with walking and biking access to town, sits a brand new home designed by David Johnston Architects. The three-level residence is 5,903 sq. ft and offers an open floor plan with a central floor to ceiling pass-through fireplace that serves both the living room and the sitting area off the kitchen. The large contemporary kitchen functions as the center of the activity with its access to the public spaces as well as to the outdoor terrace and landscaped yard. Enjoy views toward Independence Pass and Aspen Mountain from the master suite, guest master suite and the office/sitting room complete with a fireplace, custom cabinetry and cantilevered outdoor deck. The lower level features two bedroom suites, a family room, office/play room and gym." 2016 taxes: $13,820. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/27/2017; Sold Date: 03/31/2017. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)
 
MLS #142839 - Aspen West Condo, Central Core, 104 W Cooper 2, Aspen, CO. Sold Price: $3,500,000/$2,402 sq ft; furnished. More details below photos.
Aspen real estate 040217 142839 104 W Cooper 2 1 590W  Aspen real estate 040217 142839 104 W Cooper 2 2 590W  Aspen real estate 040217 142839 104 W Cooper 2 3 190H Aspen real estate 040217 141196 42489 Highway 82 4 190H  Aspen real estate 040217 142839 104 W Cooper 2 5 190H Aspen real estate 040217 141196 42489 Highway 82 6 190H
MLS #142839 - Aspen West Condo, Central Core, 104 W Cooper 2, Aspen, CO. Sold Price: $3,500,000/$2,402 sq ft; furnished. Aspen condo for sale. Ask Price: $3,675,000. (Original Price: $4,375,000 and 372 days on the market since 02/23/2016.) This is a 1972 built and 2005 remodeled, 2 bedroom/2 bath, 1,457 sq ft condo. Aspen West is one of Aspen's nicest smaller condo complexes redone with a full and expanded exterior remodel in 2009. Broker comments are "Penthouse With Great Room Facing Koch Park & Aspen Mountain With View Windows On 3 Sides. 2 assigned off street parking spaces, 2 external pvt storage closets, Subzero SS refrig, Kitchen Aide SS gas range,micro wave,and dishwasher.Koehler SS kitchen sink, Roburn mirrored medicine cabinets, Jacuzzi Jetted whirlpool, SteamMist steam, Maytag full size W & D, Koehler Memoirs toilets, sinks, and shower base. SS MHP gas BBQ, Mendota fireplace, Mitsubishi mister slim AC, 3 Sony HD tv's, Hunter Douglas cherry wood blinds and H Douglas see through blinds in great room. Owners' locking cabinets in bath and kitchen, Blue Baia granite bath countertops, granite flooring in baths with NuHeat in-floor. Nutone exhaust fans with timers, Matching Exterior Dry stack stone fireplace. Furnished, ArtExcluded." 2015 taxes: $7,460; HOA Dues: $2,970 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 12/30/2016; Sold Date: 03/28/2017. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Hyman Ave)
 
MLS #141373 - Chateau Roaring Fork, Central Core, 1039 E Cooper Avenue #22, Aspen, CO. Sold Price: $2,275,000/$1,427 sq ft; furnished. More details below photos.
Aspen real estate 040217 141373 1039 E Cooper Avenue 22 1 590W  Aspen real estate 040217 141373 1039 E Cooper Avenue 22 2 590W  Aspen real estate 040217 141373 1039 E Cooper Avenue 22 3 190H Aspen real estate 040217 141373 1039 E Cooper Avenue 22 4 190H  Aspen real estate 040217 141373 1039 E Cooper Avenue 22 5 190H Aspen real estate 040217 141373 1039 E Cooper Avenue 22 6 190H
MLS #141373 - Chateau Roaring Fork, Central Core, 1039 E Cooper Avenue #22, Aspen, CO. Sold Price: $2,275,000/$1,427 sq ft; furnished. Aspen condo for sale. Ask Price: $2,495,000. (Original Price: $2,495,000 and 1,185 days on the market since 12/13/2013.) This is a 1972 built and 2004 remodeled, 4 bedroom/3 bath, 1,594 sq ft condo. Broker comments are "Gorgeous Riverfront 4 bedroom/3 bath Condo in the Aspen Core. This 2 story condo features 2 wood burning fireplaces, a terrific deck overlooking the river, upgraded kitchen and bathrooms plus an in-unit washer/dryer. Enjoy the beautiful views and sounds of the river throughout the condo. Excellent opportunity to own a 4 bedroom condo in the Aspen Core with great short term rental potential." 2014 taxes: $4,010; HOA Dues: $3,750 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 08/03/2016; Sold Date: 03/27/2017. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)
 
MLS #138687 - Townsite of Aspen, West End, 612 W Main Street, Aspen, CO. Sold Price: $2,000,000/$1,107 sq ft; unfurnished. More details below photos.
Aspen real estate 040217 138687 612 W Main Street 1 590W  Aspen real estate 040217 138687 612 W Main Street 2 190H Aspen real estate 040217 138687 612 W Main Street 3 190H
MLS #138687 - Townsite of Aspen, West End, 612 W Main Street, Aspen, CO. Sold Price: $2,000,000/$1,107 sq ft; unfurnished. Aspen single family residence for sale. Ask Price: $2,500,000. (Original Price: $2,950,000 and 629 days on the market since 04/21/2015.) This is a 1890 built and 1990 remodeled, 3 bedroom/2 bath, 2,542 sq ft single family residence with 1 car garage on a 6,000 sq ft lot. Broker comments are "3 bedroom 2 bath Victorian located at 612 West Main street Aspen. Home has a 736 sq ft unfinished basement and comes with approvals for mudroom and garage." 2015 taxes: $4,763. Under Contract Date: 01/13/2017; Sold Date: 03/30/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby's International Realty-Hyman Mall)
 
MLS #147474 - Good Thunder, Central Core, 125 E Hyman Avenue 3-A, Aspen, CO. Sold Price: $1,995,000/$1,552 sq ft; unfurnished. More details below photos.
Aspen real estate 040217 147474 125 E Hyman Avenue 3 A 1 590W  Aspen real estate 040217 147474 125 E Hyman Avenue 3 A 2 590W  Aspen real estate 040217 147474 125 E Hyman Avenue 3 A 3 190H Aspen real estate 040217 147474 125 E Hyman Avenue 3 A 4 190H  Aspen real estate 040217 147474 125 E Hyman Avenue 3 A 5 190H Aspen real estate 040217 147474 125 E Hyman Avenue 3 A 6 190H
MLS #147474 - Good Thunder, Central Core, 125 E Hyman Avenue 3-A, Aspen, CO. Sold Price: $1,995,000/$1,552 sq ft; unfurnished. Aspen townhouse for sale. Ask Price: $1,999,000. (Original Price: $2,200,000 and 50 days on the market since 02/01/2017.) This is a 1978 built and 2009 remodeled, 3 bedroom/2 bath/1 half-bath, 1,285 sq ft condo. The property is located just 2 blocks to downtown Aspen's restaurants and stores. It is surrounded by $10M+ gut job historic Victorians and $20M+ historically preserved but newly contemporized homes (See: MLS 147036). Broker comments are "Three decks with over 770 sq. ft!! Check out the ski conditions of Aspen Mountain right from your master bed. Striking downtown Aspen corner unit townhome with stunning views of Aspen & Shadow Mountains, downtown, steps from fine dining, shopping and skiing. Strong rentals. Mountain contemporary 3-level townhome with updated high-end designer finishes, open living area with vaulted pine ceilings accented by exposed beams, features beautiful stone hearth gas fireplace, open kitchen with granite counter, updated appliances and lighting combine elegance with cozy, mountain style. Two sliding glass doors open to the expansive partially covered south/east-facing deck. Master bedroom perched above it all, features a private balcony, and majestic views. Aspen Mountain ski trails. Main entrance is well equipped for all your ski gear, with additional locked storage just off the front door and good size entrance with open storage and additional coat closet. Two additional, bedrooms feature direct access to an additional large private patio. " 2016 taxes: $3,083; HOA Dues: $1,293 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/15/2017; Sold Date: 03/23/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby's International Realty-Hyman Mall)
 
MLS #146266 - Chateau Dumont, Central Core, 715 E Durant Avenue #18, Aspen, CO. Sold Price: $1,350,000/$1,320 sq ft; partial-furnished. More details below photos.
Aspen real estate 040217 146266 715 E Durant Avenue 18 1 590W  Aspen real estate 040217 146266 715 E Durant Avenue 18 2 590W  Aspen real estate 040217 146266 715 E Durant Avenue 18 3 190H Aspen real estate 040217 146266 715 E Durant Avenue 18 4 190H  Aspen real estate 040217 146266 715 E Durant Avenue 18 5 190H Aspen real estate 040217 146266 715 E Durant Avenue 18 6 190H
MLS #146266 - Chateau Dumont, Central Core, 715 E Durant Avenue #18, Aspen, CO. Sold Price: $1,350,000/$1,320 sq ft; partial-furnished. Aspen condo for sale. Ask Price: $1,450,000. (Original Price: $1,450,000 and 182 days on the market since 09/27/2016.) This is a 1968 built and 2005 remodeled, 2 bedroom/2 bath, 1,022 sq ft condo. Broker comments are "'As good as it gets...Aspen core, sunny top floor 2 bedroom/2 bath unit. One block from the Gondola. High ceilings, Aspen Mtn views Cozy fireplace and garage." 2016 taxes: $3,189; HOA Dues: $1,900 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/11/2017; Sold Date: 03/28/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby's International Realty-Hyman Mall)
 
MLS #136612 - Aspen View, East Aspen, 326 Midland Avenue Unit 308, Aspen, CO. Sold Price: $690,000/$821 sq ft; furnished. More details below photos.
Aspen real estate 040217 136612 326 Midland Avenue Unit 308 1 590W  Aspen real estate 040217 136612 326 Midland Avenue Unit 308 2 590W  Aspen real estate 040217 136612 326 Midland Avenue Unit 308 3 190H Aspen real estate 040217 136612 326 Midland Avenue Unit 308 4 190H  Aspen real estate 040217 136612 326 Midland Avenue Unit 308 5 190H Aspen real estate 040217 136612 326 Midland Avenue Unit 308 6 190H
MLS #136612 - Aspen View, East Aspen, 326 Midland Avenue Unit 308, Aspen, CO. Sold Price: $690,000/$821 sq ft; furnished. Aspen condo for sale. Ask Price: $695,000. (Original Price: $795,000 and 1,075 days on the market since 09/10/2012.) This is a 1971 built and 2008 remodeled, 2 bedroom/1 bath, 840 sq ft condo. Broker comments are "Quiet, sleek, top floor unit in great East Aspen location just a short stroll to town. Sale subject to existing lease in place through February 2017. No dogs." 2014 taxes: $1,287; HOA Dues: $400 per Month. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/31/2017; Sold Date: 03/28/2017. (Photos and broker comments courtesy of Aspen Associates Realty)
 
MLS #147994 - West End, 700 W Hopkins Avenue 15, Aspen, CO. Sold Price: $481,950/$1,275 sq ft; unfurnished. More details below photos.
Aspen real estate 040217 147994 700 W Hopkins Avenue 15 1 590W  Aspen real estate 040217 147994 700 W Hopkins Avenue 15 2 590W  Aspen real estate 040217 147994 700 W Hopkins Avenue 15 3 190H Aspen real estate 040217 147994 700 W Hopkins Avenue 15 4 190H  Aspen real estate 040217 147994 700 W Hopkins Avenue 15 5 190H Aspen real estate 040217 147994 700 W Hopkins Avenue 15 6 190H
MLS #147994 - West End, 700 W Hopkins Avenue 15, Aspen, CO. Sold Price: $481,950/$1,275 sq ft; unfurnished. Aspen condo for sale. Ask Price: $459,000. (Original Price: $459,000 and 30 days on the market since 03/01/2017.) This is a 1968 built, 1 bedroom/1 bath, 840 sq ft condo. Broker comments are "Amazing one bedroom, end unit, condominium on the top floor with vaulted ceilings. This well-maintained complex is conveniently located on the Hopkins bike pedway in the prestigious West End neighborhood of Aspen. Walking distance to the downtown core, gondola and parks or take the shuttle just one block away. Whether it's your starter home or an investment/rental property, you can’t go wrong. HOA prohibits pets." 2016 taxes: $991; HOA Dues: $1,150 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/16/2017 Sold Date: 03/31/2017. (Photos and broker comments courtesy of Engel & Völkers)
 
MLS #145868 - Aspen Main Office Condo, West End, 220 W Main Street 103,105,101, B3, Aspen, CO. Sold Price: $420,000 sq ft. More details below photos.
Aspen real estate 040217 145868 220 W Main Street 103 105 101 B3 1 590W  Aspen real estate 040217 145868 220 W Main Street 103 105 101 B3 2 285W Aspen real estate 040217 145868 220 W Main Street 103 105 101 B3 3 285W  Aspen real estate 040217 145868 220 W Main Street 103 105 101 B3 4 285W Aspen real estate 040217 145868 220 W Main Street 103 105 101 B3 5 285W
MLS #145868 - Aspen Main Office Condo, West End, 220 W Main Street 103,105,101, B3, Aspen, CO. Sold Price: $420,000 sq ft. Aspen commercial industria for sale. Ask Price: $400,000. (Original Price: $400,000 and 214 days on the market since 08/29/2016.) This is a 1985 built, 1-5 units, 532 sq ft commercial industria. Broker comments are "Great opportunity to own first floor space in a small Main St office building. Space includes three offices on street level plus 1 subgrade space. One office has Aspen Mtn views and direct street exposure. Low HOA dues. AMOC Budget attached. Excellent condition, recent upgrades, clean, 2 public restrooms. Current rental income from others ($26,000+/yr, solid tenants). Easy to view by walking through M-F, 9-5am, or call for an appointment to view in detail." 2016 taxes: $2,177; HOA Dues: $963 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/10/2017; Sold Date: 03/31/2017. (Photos and broker comments courtesy of Cheryl L. Schmidt)
 
MLS #144795 - Wood Run, 18 Pine Lane, Snowmass Village, CO: Sold Price: $4,000,000/$893 sq ft; furnished. More details below photos.
Aspen real estate 040217 144795 18 Pine Lane 1 590W  Aspen real estate 040217 144795 18 Pine Lane 2 590W  Aspen real estate 040217 144795 18 Pine Lane 6 190H Aspen real estate 040217 144795 18 Pine Lane 4 190H  Aspen real estate 040217 144795 18 Pine Lane 5 190H Aspen real estate 040217 144795 18 Pine Lane 6 190H
MLS #144795 - Wood Run, 18 Pine Lane, Snowmass Village, CO: Sold Price: $4,000,000/$893 sq ft; furnished. Snowmass Village single family residence for sale. Ask Price: $4,495,000. (Original Price: $4,495,000 and 279 days on the market since 06/23/16.) This is a 1993 built, 4 bedroom/4 bath/2 half-bath, 4,477 sq ft single family residence with 2 car garage on a 40,386 sq ft lot. Broker comments are "Ski in right to the driveway and ski out directly to Adams Avenue! Located in a tranquil, private aspen/spruce forest with wildflower meadows, yet still offering long distance views. A great ski home that lives well in all seasons - located on the prestigious Pine Lane at the top of Wood Road. This very well built and maintained home is totally functional and a dream to live in. Floor to ceiling windows in the living area and master bedroom. All other rooms have generous windows overlooking the beautiful adjacent open space - and no neighbors. The high quality construction is evident everywhere you look. Enjoy two master bedrooms with gracious bathrooms and closets. The bunk room, or 4th bedroom, is part of a second living area with full bath. A spectacular home that should not be missed! This home is a timeless design with contemporary lines and feel. The quality of construction is evident throughout this Pine Lane home. The 2013 land use code revisions enable potentially over 1,100 sq ft additional square footage as well as unlimited decks and 900 sq ft of garage if needed in the future." 2016 Taxes: $14,673; HOA Dues: $90 per Yr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 02/17/2017; Sold Date: 03/29/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby's International Realty-Snowmass Village)
 
MLS #147215 - Woodbridge, 35 Upper Woodbridge 24ab, Snowmass Village, CO: Sold Price: $550,000/$609 sq ft; unfurnished. More details below photos.
Aspen real estate 040217 147215 35 Upper Woodbridge 24ab 1 590W  Aspen real estate 040217 147215 35 Upper Woodbridge 24ab 2 590W  Aspen real estate 040217 147215 35 Upper Woodbridge 24ab 3 190H Aspen real estate 040217 147215 35 Upper Woodbridge 24ab 4 190H  Aspen real estate 040217 147215 35 Upper Woodbridge 24ab 5 190H Aspen real estate 040217 147215 35 Upper Woodbridge 24ab 6 190H
MLS #147215 - Woodbridge, 35 Upper Woodbridge 24ab, Snowmass Village, CO: Sold Price: $550,000/$609 sq ft; unfurnished. Snowmass Village condo for sale. Ask Price: $580,000. (Original Price: $580,000 and 75 days on the market since 01/11/2017.) This is a 1973 built and 2015 remodeled, 2 bedroom/2 bath, 902 sq ft condo. Broker comments are "Sleek interior completely renovated in 2015! Enjoy views of skiers on Assay Hill from your living room or balcony. Hop on the shuttle outside of your door and ski home. Enjoy the outdoor pool and hot tub, store your gear in your private exterior storage closet. Pets are allowed for owners and this is in the Aspen School District. Great for short term rentals or full time residents looking to invest in Snowmass." 2016 Taxes: $1,813; HOA Dues: $3,705 per Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 01/30/2017; Sold Date: 03/27/2017. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Hyman Ave)
 
 

Recent Estin Report tweets on Aspen Real Estate

EstinAspen Apr 16 - 23, 17 #EstinReport: Last Week's #AspenRealEstate Sales & Stats: Sold (9) + Pending (8) https://t.co/QyfPwre6SL
EstinAspen April 9 - 16, 2017 #EstinReport: Last Week's #AspenRealEstate Sales & Stats: Closed (8) + Under Contract (12) https://t.co/Rih6rSDaUl
EstinAspen Apr 2 - 9, 2017 #EstinReport: Last Week's #AspenRealEstate Sales & Stats: Closed (14) + Under Contract (6) https://t.co/Xsunmpkcdc
EstinAspen Mar 26 - Apr 2, 2017 #EstinReport: Last Week's #AspenRealEstate Sales & Stats: Closed (13) + Under Contract (10) https://t.co/YJXwbsLZJr
EstinAspen March 19 - 26, 2017 #EstinReport: Last Week's #AspenRealEstate Sales & Stats: Closed (10) + Under Contract (13) https://t.co/SBJOs9nSAT
EstinAspen Mar 12 - 19, 2017 #EstinReport: Last Week's #AspenRealEstate Sales & Stats: Closed (5) + Under Contract (27) https://t.co/lWyx0P4xuO
EstinAspen Mar 5 - 12, 2017 #EstinReport: Last Week's #AspenRealEstate Sales & Stats: Closed (7) + Under Contract (15) https://t.co/5TEYy2PeZG

Disclaimer: The statements made in The Estin Report and on Aspen broker Tim Estin's blog represent the opinions of the author and should not be relied upon exclusively to make real estate decisions. A potential buyer and/or seller is advised to make an independent investigation of the market and of each property before deciding to purchase or to sell. To the extent the statements made herein report facts or conclusions taken from other sources, the information is believed by the author to be reliable, however, the author makes no guarantee concerning the accuracy of the facts and conclusions reported herein. Information concerning particular real estate opportunities can be requested from Tim Estin at 970.309.6163  or by emailThe Estin Report is copyrighted 2017 and all rights reserved. Use is permitted subject to the following attribution with a live link to the source: "The Estin Report on Aspen Real Estate."

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Tim Estin | www.EstinAspen.com | 970.309.6163 | 300 S.Spring St | Opposite the Aspen Art Museum

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