The Estin Report Aspen Snowmass Real Estate Weekly Market and Property Activity: (4) Closed and (2) Under Contract: June 7 – 14, 2009

Closed (3): 109427, 108530, 107091 (This link is valid until 7/14/2009.)

• MLS # 109427 -720 Pines Drive, Pine at Owl Creek Subdivision, Snowmass Village. Ask Price: $10,950,000.; Sold Price: $7,925,000/$1,394 sq ft (-23% off Ask/Original Price). Beautiful Robert Trown designed 1999 ski-in/ski-out single family home, 5 Bdrm/5 Ba, 5683 sq ft, on almost 1 acre. Days on market 124.
• MLS # 100830 – 416H Pacific Ave. #4, Alpine Grove Condos, Aspen Airport Business Center. Ask Price: $610,000; Sold Price: $565,000/$740 sq ft. (-7% off ask price; -16% off Original Price, $669,000). 2 Bdrm/1 Ba, 763 sq ft, 187 days on market.
• MLS # 107091 – 150 Snowmass Club Circle #1533, Snowmass Village. Ask Price: $675,000.; Sold Price: $575,000/$608 sq ft (-15% off ask, -32% from Original Price, $850,000). 2 Bdrm/ 2 Ba, 945 sq ft. 281 days on market.

Vacant Lot Closed (1): 110334. Link is valid until 7/14/09

• MLS # 110334 – Double Bar X, River Parcel #7 vacant lot. Ask Price: $4,495,000.; Sold Price: $3,000,000. (-33% from Ask/Original Price). 3.5 acres Aspen’s newest ranch-like subdivision adjacent to Maroon Creek Club. This lot allows for an 11,000 sq ft home above grade, 17 acre subdivision open space of meadows, nature preserve and irrigated horse pastures with private fishing rights on the Roaring Fork River. There are currently (3) more vacant lots for sale at Double Bar-X, ranging in ask prices between $4.5M – $8.95M. (Call me at 970.920.7387 or email me for details.)
  

Under Contract/Pending (2): 107619, 106494 – Link is valid until 7/14/09

• MLS # 107619 – 400 W. Hopkins, Scott Condos, West Aspen. Original Price: $2,800,000; Ask Price: $2,000,000/$1,351 sq ft (-29% off Original Price), 3 Bdrm/ 2Ba, 1480 sq ft, Older condominium complex in quiet west side of downtown Aspen . 261 days on market. Went under contract within 7-10 days of price reduction.
• MLS # 106494 – 161 Gerbaz Way, Old Snowmass, CO. Original Price: $2,995,000; Ask Price: $2,695,000/$1,425 sq ft (-10% off Original Price). Small contemporary and new (2008) “Bachelor type” dramatic riverfront hideaway. A real “Pad”: 2 Bdrm/2 Bath, 1,890 sq ft, 327 days on market.