The Estin Report: June 2017 Aspen Real Estate Monthly Snapshot was posted in Current Reports on Mon. July 10th. The Snapshots are usually posted on or near the 1st Monday of the month.
Excerpt:
“June 2017 has been the best June for Aspen real estate in the past 10 years. Dollar sales for properties selling over $10M are up over 125% year-to-date (YTD) and for all properties, sales are up 118% YTD. At the same time, inventory of available properties for sale is declining, down 30% in June ’17 year over year, which should create upward pressure on prices…”
The Estin Report: Mid-Year 2017: State of Aspen Real Estate was released in June 2017 in Current Reports. The 32-Page report is available on-line as PDF and available in print in kiosks at the airport, the info booth across from Paradise Bakery town and at Sothebys offices at 415 E Hyman in the Mall and 300 S Spring opposite the Art Museum.
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Market Activity Week 31, July 23 – 30, 2017
Aspen Snowmass real estate weekly sales and under contract activity appears below for the upper Roaring Fork Valley which includes all Aspen, Snowmass Village, Brush Cr Village, Woody Creek and Old Snowmass properties over $250,000 excluding fractionals. 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 the past 4 weeks. For earlier dates, use the down arrow to access blog posts archived by year and date to 2006. Or use SearchEstinAspen or the Keyword Search bar on the right of this page to search by topic, address, subdivision, complex, date, etc. If it’s about Aspen real estate, the information should be here.
Closed (6): MLS#s 146159, 147194, 148329, 148370, 149497, 149512. This link is valid until 8/29/2017.
Under Contract/Pending (14): MLS#s 142156, 144508, 143663, 146576, 146913, 147338, 147742, 147860, 147983, 149524, 149708, 149816, 150009, 150108. This link is valid until 8/29/2017.
Aspen Snowmass Solds Last Week:
MLS #147194 – W/J Ranch, McLain Flats, 51 White Star Drive, Aspen, CO. Sold Price: $11,500,000/$1,650 sq ft; furnished. More details below photos.
MLS #147194 – W/J Ranch, McLain Flats, 51 White Star Drive, Aspen, CO. Sold Price: $11,500,000/$1,650 sq ft; furnished. Aspen single family home for sale. Ask Price: $13,500,000. (Original Price: $11,500,000 and 197 days on the market since 01/09/2017.) This is a 2017 built, 4 bedroom/4 bath/2 half-bath, 6,966 sq ft single family home with 2 car garage on a 7.8 acres lot. Broker comments are “Drawing on their 55 years of home building expertise, Richard Wax & Associates offers their latest Star View property at White Star Ranch Estates. The brand new and distinctive contemporary estate is strategically set on over 7 acres with a private gated entry, abundant trees, Salvation Ditch water, magnificent pond, and amazing views of Snowmass, Aspen Highlands and Buttermilk ski areas. With no roundabout or airport traffic, direct access via McLain Flats Road to downtown Aspen, and exclusive use of the White Star HOA open space for horseback riding, cross country skiing and more, the mountain lifestyle is just outside your door!” HOA Dues: $8,912 per Yr. Under Contract Date: 07/21/2017; Sold Date: 07/25/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #146159 – Redwood, East Aspen, 550 S Riverside Avenue Unit 4, Aspen, CO. Sold Price: $750,000/$1,485 sq ft. More details below photos.
MLS #146159 – Redwood, East Aspen, 550 S Riverside Avenue Unit 4, Aspen, CO. Sold Price: $750,000/$1,485 sq ft. Aspen condo for sale. Ask Price: $750,000. (Original Price: $895,000 and 308 days on the market since 09/06/2016.) This is a 1960 built and 2015 remodeled, 1 bedroom/1 bath, 505 sq ft condo. Broker comments are “Pied-a-terre on the River! The Redwood Condominiums are a small complex, east of Aspen, on the east side of the Roaring Fork. Convenient and within walking/bike distance. Front deck for relaxing and enjoying the river. Assigned parking + additional for guests. Includes a storage space. An unusual find so close to town!” 2016 taxes: $1,378; HOA Dues: $450 per Qtr. Under Contract Date: 07/10/2017; Sold Date: 07/24/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Spring Street)
MLS #149512 – Hunter Creek, Smuggler, 222 Vine Street, Aspen, CO. Sold Price: $585,000/$983 sq ft; unfurnished. More details below photos.
MLS #149512 – Hunter Creek, Smuggler, 222 Vine Street, Aspen, CO. Sold Price: $585,000/$983 sq ft; unfurnished. Aspen condo for sale. Ask Price: $585,000. (Original Price: $585,000 and 35 days on the market since 06/14/2017.) This is a 1980 built, 1 bedroom/1 bath, 595 sq ft condo. Broker comments are “Located on the 2nd floor west corner of the #2 building. You can relax on the deck while listening to Hunter Creek and enjoying your personal view of Sopris Mountain through the picture window. Only one of three units to have that view in the #2 building because of the west corner location. Re-model potential.” 2016 taxes: $1,122; HOA Dues: $231 per Month. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 06/22/2017; Sold Date: 07/19/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #148370 – Gavilon, Central Core, 935 E Hopkins Avenue #5, Aspen, CO. Sold Price: $530,000/$938 sq ft; unfurnished. More details below photos.
MLS #148370 – Gavilon, Central Core, 935 E Hopkins Avenue #5, Aspen, CO. Sold Price: $530,000/$938 sq ft; unfurnished. Aspen condo for sale. Ask Price: $575,000. (Original Price: $625,000 and 125 days on the market since 02/07/2017.) This is a 1972 built, studio/1 bath, 565 sq ft condo. Broker comments are “Terrific in town studio. Lots of possibilities with low HOA dues. Well cared for spacious unit with fireplace, deck and parking. Excellent rental history. Walk to everything.” 2016 taxes: $1,552; HOA Dues: $1,211 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 06/23/2017; Sold Date: 07/25/2017. (Photos and broker comments courtesy of Silver City LLC)
MLS #149497 – Garet Condos, West End, 222 W Hopkins Avenue 1, Aspen, CO. Sold Price: $395,000/$1,484 sq ft; partial-furnished. More details below photos.
MLS #149497 – Garet Condos, West End, 222 W Hopkins Avenue 1, Aspen, CO. Sold Price: $395,000/$1,484 sq ft; partial-furnished. Aspen condo for sale. Ask Price: $410,000. (Original Price: $410,000 and 37 days on the market since 06/13/2017.) This is a 1980 built, studio/1 bath, 266 sq ft condo. Broker comments are “Walkable, Rentable and Affordable in Downtown Aspen! Delightful garden level condette with private entrance, sunny new patio and personal outdoor storage now for sale at the historic Garet House. Located on West Hopkins’ pedestrian thoroughfare, this secluded studio provides an easy walk to restaurants, shopping and Ajax. Updated and adorable with a good size kitchen, dining nook and full bath. Sleeps 2. Low HOA’s and affordable taxes. Use it as your personal pied‐a‐terre or take advantage of its strong short term rental history during peak seasons. Rare opportunity at an affordable price, so it won’t last long.” 2016 taxes: $546; HOA Dues: $463 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/10/2017; Sold Date: 07/20/2017. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)
MLS #148329 – Shield O Terrace, 487 Shield-O Road, Snowmass, CO: Sold Price: $859,500/$269 sq ft; unfurnished. More details below photos.
MLS #148329 – Shield O TerracAsp, 487 Shield-O Road, Snowmass, CO: Sold Price: $859,500/$269 sq ft; unfurnished. Snowmass single family home for sale. Ask Price: $879,000. (Original Price: $879,000 and 110 days on the market since 04/07/2017.) This is a 1969 built and 2013 remodeled, 3 bedroom/2 bath/1 half-bath, 3,186 sq ft single family home with 2 car garage on a 4.42 acres lot. Broker comments are “One of the best values in all of Old Snowmass. Remodeled in 2013, this home is situated on a 4.42 acre lot overlooking the Snowmass Creek Valley with dead-on views to the Snowmass ski area. Very private and beautiful setting. Enjoy the sounds of Snowmass Creek. Flat landscaped yard and large decks provide plenty of room for entertaining and outdoor living. Remodel includes hardwood flooring, new paint (exterior and interior), new carpet, granite counters, new lighting and more. This is a must see home. Approx. 30 minute drive to Aspen.” 2016 Taxes: $4,904; HOA Dues: $1,000 per Yr. Under Contract Date: 06/01/2017; Sold Date: 07/26/2017. (Photos and broker comments courtesy of Berkshire Hathaway HomeServices|Aspen Snowmass Properties)
Recent Estin Report tweets on Aspen Real Estate
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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 email. The Estin Report is copyrighted 2017 and all rights reserved. Use is permitted subject to the following attribution with a live link to this website: “The Estin Report on Aspen Real Estate.”
