The Estin Report Aspen Snowmass Real Estate Weekly Market Update Closed (5) and Under Contract (8): Oct. 30 – Nov. 6, 2011

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 released Monday mornings and sometimes in-between. The Estin Reports are released 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: 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 $250,000 in the upper Roaring Fork Valley excluding 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.

Under Contract / Pending (8):MLS #s 121701, 113416, 105925, 120436, 113935, 120263, 113436, 122899, 112738. This link is valid for 30 days until 12/06/2011. Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate.

Closed (5): MLS #’s 122493, 113958,112738, 119167, 115525. This link is valid for 30 days until 12/06/2011.

Select Aspen Snowmass Sold Properties Last Week

MLS #115525 – Aspen Highlands, Thunderbowl Townhome, 53 Thunderbowl Lane 11, Aspen, CO: Sold Price: $3,900,000/$680 sq ft. unfurnished. More details below photos.

MLS #115525 – Aspen Highlands, Thunderbowl Townhome, 53 Thunderbowl Lane 11, Aspen, CO: Sold Price: $3,900,000/$680 sq ft. unfurnished. (Original Price: $4,850,000 and 584 days on the market since 03/26/2010.) This is a 2007 built, 5 bedroom/5 bath/2 half bath, 5,733 sq ft Aspen Highlands condo with a 2 car garage. Broker comments are, “New, luxurious townhome centrally located within steps of Aspen Highlands Ski Area and the core of Aspen Highlands Village. With 5,733 sq. ft. of living space, this property lives like a single-family home but has the lock-and-go convenience of a town-house. Nowhere in Aspen will you find the high level of finish including custom cabinetry, granite tops, hand-hewn wood flooring and soaring ceilings in this price point. For the avid skier and summer enthusiast, this Thunderbowl Townhome is the place.” 2010 Taxes: $27,321; HOA Dues: $5,746 Qtr. Under Contract Date: 09/23/2011; Sold Date: 10/31/2011. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. (Photos and broker comments courtesy of Chaffin Light Real Estate Snowmass Village.)

MLS #112738 – Aspen, Central core, Riverview Condominium complex, 1020 Hopkins Avenue 2, Aspen, CO: Sold Price: $975,000/$928 sq ft. furnished. More details below photos.

MLS #112738 – Aspen, Central core, Riverview Condominium complex, 1020 Hopkins Avenue 2, Aspen, CO: Sold Price: $975,000/$928 sq ft. furnished; (Original Price: $1,499,000 and 802 days on the market since 08/17/2009.) This is a 1973 built, 2 bedroom/2 bath, 1,050 sq ft Riverview condo. Broker comments are, “RIVERFRONT. Perfect remodel candidate in the popular Riverview building. 2 balconies, 1 on the river and one facing south. Pool, generous storage, assigned parking, owner pet ok. Private location at the end of Hopkins next to the foot bridge, yet core area convenience.” 2010 Taxes: $3,348; HOA Dues: $1,236 Qtr. Under Contract Date: 10/21/2011; Sold Date: 10/28/2011. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. (Photos and broker comments courtesy of Frias Properties of Aspen.)

MLS #119167 – Snowmass Village, Wood Run condo, 132 Village Bound Road, #33, Snowmass Village, CO: Sold Price $2,500,000/$818 sq ft. furnished. More details below photos.

MLS #119167 – Snowmass Village, Wood Run condo, 132 Village Bound Road, #33, Snowmass Village, CO: Sold Price $2,500,000/$818 sq ft. furnished. (Original Price: $3,880,000 and 315 days on the market since 12/20/2010.) This is a 1981 built, 3 bedroom/4 bath/1 half bath, 3,056 sq ft Wood Run condo on 3 levels. Broker comments are, “Woodrun V town home #33 brings to you all the style and elegance of a Hamptons meets the mountains décor. Totally renovated this very spacious and gracious home creates an atmosphere any family would enjoy with ski in access from Adams Avenue and ski out to Fanny Hill just steps from your front door. The totally renovated and generous open kitchen creates a family friendly atmosphere not found in many town homes. The floor plan features a sunny and comfortable enclosed sun room, reading nook in the living room, office in the master suite, large master bath, warm great room, fabulous family/TV room and a boot room to store all your families sports gear.” 2010 Taxes: $11,212; HOA Dues: $20,794 Yr. Under Contract Date: 09/01/2011; Sold Date: 10/31/2011. Town of Snowmass Transfer Tax of approx. 1% payable by buyer. (Photos and broker comments courtesy of Chaffin Light Real Estate Snowmass Village.)

Recent market articles and report:

“Sales of Colorado Mountain Resort Homes in July Lowest in Years”, 09/09/11 Business Section, Denver Post
“Mega-mansion Deals Spur Rebound in Aspen Market”, 07/17/11 Sunday Business, Grand Junction Sentinel
The Estin Report: 1st Half 2011 State of the Aspen Market (released 07/14/11)

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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