Tim Estin is an active Aspen real estate broker with Coldwell Banker Mason Morse located in the center of Aspen. This blog, www.AspenRealEstateBlog.com or Tim Estin’s blog, is published Monday mornings and sometimes in-between. The Estin Reports are published quarterly or semi-annually, annually and also special reports. For blog archives, scroll to bottom of this page and search by date or topic. Or search this site in SearchEstinAspen.com on the menu bar. If it’s about Aspen real estate, chances are there’s something about it here. Follow @EstinAspen on twitter for Aspen Snowmass real estate news, market updates, statistics, commentary and reports or subscribe to RSS feeds with the button on the left.

The Estin Report: 2011 Holiday Year-to-Date: State of the Aspen Market will be released soon.

The Estin Report: 3rd Quarter 2011 (July 1 – Sept. 30, 2011)
State of the Aspen Real Estate Market

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Click image for executive summary and complete report pdf. Released Oct. 6, 2011

Last Week’s Market Highlights – Aspen Snowmass real estate weekly sales statistics and under contract activity appears below for all Aspen, Snowmass Village, Woody Creek and Old Snowmass properties over $250,000in the upper Roaring Fork Valleyexcluding fractionals. Because the MLS links below expire after 30 days, photos and written descriptions of closed properties with excellent photography are posted here to preserve a public archive of sold market activity. For past sales, scroll to page bottom and search by time period.

Aspen Market Commentary

11/21/11 Aspen High End Surges Onward; Over $15MM Category +300% in 2011: Read full blog post and Listen to KAJX/Aspen Public Radio Tues. 11/22/11 interview with Tim Estin

Under Contract / Pending (6) MLS #s 119006, 113457, 122519, 115993, 122616, 119240. This link is valid for 30 days until 01/17/2012. Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate.

Closed (8) MLS #s 122899, 119050, 121018, 123341, 113436, 123054, 115993 (5th Ave #200 Condo closed while posting) , 121061. This link is valid for 30 days until 01/17/2012.

Select Aspen Snowmass Solds Last Week

MLS #122899 – Historic West End, Victorian style home near intersection of Lake Ave. and Gillespie, 330 Gillespie Street, Aspen, CO: Sold Price: $4,900,000/$1,159 sq ft unfurnished. More details below photos.

MLS #122899 – Historic West End, Victorian style home adjacent to Lake Ave next to Aspen Music Festival, single-family home, 330 Gillespie Street, Aspen, CO: Sold Price: $4,900,000/$1,159 sq ft unfurnished; Ask Price: $4,900,000. (Original Price: $5,800,000 and 522 days on the market since 07/08/2010.) This is an 1888 built/2009 remodeled, 4 bedroom/4 bath/1 half bath, 3,880 sq ft single family home with 1 car garage. Broker comments are, “Fantastic modern interior, super hip, spacious,”THE” location in the West End and Party Ready … yet quiet & private, just steps to hiking trails, the music tent, Harris Hall, The Aspen Meadows … you get the drift (perfect location). Super light and bright house, works for a couple or a house full … great entertaining spaces, peaceful outdoor deck off of the master suite and a yard for the kids or dogs.” 2010 Taxes: $12,665. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 10/17/2011; Sold Date: 12/12/2011. (Photos and broker comments courtesy of Morris & Fyrwald, Sotheby’s Intl Realty.)

MLS #119050 – Aspen, Central Core, 1000 E. Hopkins townhome with both direct Aspen Mtn views and river frontage, 970 E. Hopkins Avenue #6, Aspen, CO: Sold Price: $4,250,000/$1,253 sq ft unfurnished. More details below photos

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MLS #119050 – Aspen, Central Core, 1000 E. Hopkins townhome with both direct Aspen Mtn views and river frontage, 970 E. Hopkins Avenue #6, Aspen, CO: Sold Price: $4,250,000/$1,253 sq ft unfurnished; Ask Price: $5,295,000. (Original Price: $7,600,000 and 987 days on the market since 03/30/2009.) This is 1996 built/2007 remodeled, 4 bedroom/4 bath, 3,391 sq ft townhome with 2 car garage. Broker comments are, “One of a kind – unique property. This townhome has everything a buyer could want . . . just the right size, on the river, on quiet street yet only two blocks from downtown core; large spacious living room, dining room and kitchen with high vaulted ceilings and fabulous views looking south at Aspen Mountain; rooftop deck with 360 degree views and jacuzzi; and 2-car garage. Perfect low maintenance home for either full or part-time residents.” 2010 Taxes: $14,715; HOA Dues: $3,968 Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 11/07/2011; Sold Date: 12/12/2011. (Photos and broker comments courtesy of Frias Properties of Aspen.)

MLS #123341 – Snowmass Village, Top of the Village condo, 855 Carriage Way #207, Snowmass Village, CO: Sold Price: $800,000/$740 sq ft furnished. More details below photos.

MLS #123341 – Snowmass Village, Top of the Village condo, 855 Carriage Way #207, Snowmass Village, CO: Sold Price: $800,000/$740 sq ft furnished; Ask Price: $850,000. (Original Price: $850,000 and 29 days on the market since 11/16/2011.) This is a 1976 built, 2 bedroom/2 bath, 1,080 sq ft condo. Broker comments are, “Live at the Top. Wonderful two-bedroom Top of the Village condominium with easy access to skiing, parking, and great amenities. Recently remodeled bathrooms including beautiful walk-in shower in master bathroom. Walk off the ski slope directly into the unit and warm yourself by the fireplace while watching the big game on the flat screen TVs. Located in the Slope building, this unit gets all day sun, an assigned covered parking spot and the elevator is right around the corner. This is a great rental property with Destination Hotels on-site to manage the whole process. Enjoy concierge services, shuttle service, heated outdoor pool, sauna, hot tubs and fitness facilities—all available to owners and guests alike.” 2010 Taxes: $3,317; HOA Dues: $12,365 Yr. Town of Snowmass Village Transfer Tax of approx. 1% payable by buyer. Under Contract Date: 11/22/2011; Sold Date: 12/15/2011. (Photos and broker comments courtesy of Joshua & Co.)

MLS #113436 – Snowmass Village, Top of the Village condo, 855 Carriage Way #202, Snowmass Village, CO: Sold Price: $730,000/$675 sq ft furnished. More details below photos.

MLS #113436 – Snowmass Village, Top of the Village condo, 855 Carriage Way #202, Snowmass Village, CO: Sold Price: $730,000/$675 sq ft furnished; Ask Price: $879,000. (Original Price: $1,275,000 and 1,355 days on the market since 03/31/2008.) This is a 1974 built/2006 remodeled, 2 bedroom/2 bath, 1,080 sq ft condo. Broker comments are, “Remodeled two bedroom two bath with great views of the ski runs. Located one back from the apex of the building, this condominium enjoys abundant morning sunshine, built-in bunks in the guest bedroom, good rental income and a convienient washer and dryer in the master bath. Covered parking is only steps away. Sellers are ready to move on to their next investment.” 2010 Taxes: $3,492; HOA Dues: $11,750 Yr.. Town of Snowmass Vilalge Transfer Tax of approx. 1% payable by buyer. Under Contract Date: 11/02/2011; Sold Date: 12/16/2011. (Photos and broker comments courtesy of Joshua & Co.)

MLS #123054 – Aspen, West Aspen duplex, 1430 Sierra Vista Drive off Cemetery Ln, Aspen, CO: Sold Price $3,200,000/$788 sq ft unfurnished. More details below photo.

MLS #123054 – Aspen, West Aspen duplex, 1430 Sierra Vista Drive, Aspen, CO: Sold Price $3,200,000/$788 sq ft unfurnished; Ask Price: $3,850,000. (Original Price: $3,850,000 and 469 days on the market since 09/01/2010.) Only one photo available. This is a 2007 built 5 bedroom/5 bath/1 half bath, 4,057 sq ft duplex with 2 car garage. Broker comments are, “Exceptional high-end duplex on the second hole of the Aspen Golf Course with great outside entertaining area. Private master suite with large patio and outside fireplace. Large media room and wet bar. Excellent family home on quiet cul-de-sac neighborhood.” 2010 Taxes: $9,913. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 10/13/2011; Sold Date: 12/14/2011. (Photo and broker comments courtesy of Morris & Fyrwald, Sotheby’s Intl Realty.)

MLS #115993 – Aspen, Central Core, 5th Avenue condo, 800 S. Mill Street #2, Aspen, CO: Sold Price: $1,020,000/$958 sq ft furnished. More details below photos.

MLS #115993 – Aspen, Central Core, 5th Avenue condo, 800 S. Mill Street #2, Aspen, CO: Sold Price: $1,020,000/$958 sq ft furnished; Ask Price: $1,100,000. (Original Price: $1,280,000 and 580 days on the market since 04/29/2010.) This is a 1965 built/2009 remodeled 3 bedroom/2 bath, 1,064 sq ft condo. Broker comments are, “Beautifully remodeled 3 bedroom 2 bath Aspen core condominium, located 2 blocks to the gondola and downtown Aspen. Top quality finished including washed marble tile, granite counters, Kitchen-Aide appliacnes, Sony Flat Screens in every room. Site amenities include pool, hot tub, front desk and airport shuttle.” 2010 Taxes: $3,317; HOA Dues: $3,088 Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 10/26/2011; Sold Date: 11/30/2011. (Photos and broker comments courtesy of Frias Properties of Aspen.)

MLS #: 121061 – Aspen, Central Core, Cooper Avenue Victorian condo, 1012 E. Cooper Avnenue #1, Aspen, CO: Sold Price: $1,550,000/$707 sq ft furnished. More details below photos.

MLS #: 121061 – Aspen, Central Core, Cooper Avenue Victorian condo, 1012 E. Cooper Avnenue #1, Aspen, CO: Sold Price: $1,550,000/$707 sq ft furnished; Ask Price: $1,700,000. (Original Price: $2,200,000 and 213 days on the market since 05/18/2011.) This is a 1972 built, 3 bedroom/3 bath/1 half bath, 2,190 sq ft condo. Broker comments are, “Located in the Aspen core and just 4 blocks from the Silver Queen Gondola. This condominium features 3 bedrooms 3 baths and a den, luxury finishes throughout on 3 levels. Off-street assigned parking. Enjoy in-town convenience, style and sophistication.” 2010 Taxes: $6,920; HOA Dues: $2,900 Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/29/2011; Sold Date: 12/15/2011. (Photos and broker comments courtesy of Frias Properties of Aspen.)

Tim Estin welcomes your business, inquiries and comments. Email him or call 970.920.7387. Subscribe to The Estin Report and Tim Estin’s AspenRealEstateBlog.com on twitter @EstinAspen by clicking “Join the conversation” button below or click subscribe button in the menu bar on left:

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Disclaimer: The statements made in The Estin Report and on 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 970.920.7387 or by email. The Estin Report is copyrighted 2011 and all rights reserved. Use is permitted subject to the following attribution: “The Estin Report: State of the Aspen Real Estate Market, By Tim Estin, mba, gri.”