The Estin Report: Sep 2015 Aspen Snowmass Market Snapshot was posted 10/04/15 inCurrent Reports. The Snapshots are released on or near the 1st Monday of the month.

As an indicator of the market’s present strength, the Aspen Times reported that as of 2PM Fri Oct 9, 2015 “October’s total sales volume in Pitkin County was nearly $85 million, according to the Pitkin County Clerk and Recorder’s Office. October 2014 registered $149.5 million in total real estate sales. The strongest October since 2010 rang up $194 million.”

Separately, the Aspen Daily News reported on Oct 10th that “”Housing and Wheeler real estate transfer tax collections (payable by buyers of real property within the City of Aspen at approximately 1.5% of the purchase price) for September 2015 were up 57 percent and 46 percent, respectively, from the same period in 2014. Year-to-date collections are up 25 percent and 26 percent. Variances in percentage change largely reflects the exemption of deed restricted property transactions and the first $100,000 of valuation in all housing real estate transfer tax calculations.”

See recent Before/After redevelopment‘flip job’ examplesin Miscellaneous Info at the bottom of the Menu Bar on the left. These are properties that have been recently or are currently being redeveloped for re-sale. This post is updated (08/24/15) as additional re-sale properties come on the market at significantly higher prices.

Last week’s Aspen and Snowmass sales activity appears below. Scroll down the page for 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 search the blog archives by year and date to 2008. Or useSearchEstinAspenin the menu bar to search by topic, address, subdivision, complex, date, etc. If it’s about Aspen, the information should be here.

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Market Activity Week 41, October 11 – 18, 2015

Aspen Snowmass real estate weekly sales and under contract activity appears below for all Aspen, Snowmass 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.

Closed (10):MLS#’s: 130229, 137150, 130746, 136875, 138157, 138814, 139171, 139294, 139692, 140348. This link is valid until 11/16/2015.

Under Contract/Pending (17):MLS#’s:137257, 135276, 120676, 128889, 130275, 134447, 134448, 134449, 139313, 139556, 139589, 139617, 140787, 141075, 141144, 141183, 141286. This link is valid until11/016/2015.

Aspen Snowmass Solds Last Week:

MLS #130229 – Smuggler Area – adjacent to Aspen core, 936 King Street, Aspen, CO. Sold Price: $7,900,000/$1,119 sq ft. More sale details below photos.

MLS #130229 – Smuggler Area – adjacent to Aspen core, 936 King Street, Aspen, CO. Sold Price: $7,900,000/$1,119 sq st.Asking Price: $8,220,000. (Original Price: $8,220,000 and 461 days on the market since 03/01/2013. The property was withdrawn from the market on 07/24/15 and sold off market.) This is a 1998 built, 5 bedroom/5 bath/1 half-bath, 7,059 sq ft single family home with 2 car garage on a 18,500 sq ft lot. Broker comments are “Do you want a large, 5+br single family home, less than a 5 minute walk to downtown, with a super-large yard…oh, and views too, AND at a better than average price? Look no further. This property satisfies all these needs for you and your family. Large, open floor plan with soaring windows looking onto Aspen Mountain. Huge mature trees on a half-acre fenced lot. Just steps from downtown Aspen. Spacious cooks-kitchen, and five en suite bedrooms PLUS a 530 sq foot one-bedroom caretaker apartment (ADU) over the garage with separate entry.”” 2014 Taxes: $14,517.32. Under Contract Date: ; Sold Date: . (Photos and broker comments courtesy of BJ Adams & Co).

MLS #139294 – Castle Creek, West Aspen, 5000 Castle Creek Road, Aspen, CO. Sold Price: $7,500,000/$1,221 sq ft. More details below photos.

MLS #139294 – Castle Creek, West Aspen, 5000 Castle Creek Road, Aspen, CO. Sold Price: $7,500,000/$1,221 sq ft. Asking Price: $7,950,000. (Original Price: $7,950,000 and 130 days on the market since 06/01/2015.) This is a 1999 built, 5 bedroom/4 bath/2 half-bath, 6,142 sq ft single family home with 3 car garage on a 448,668 sq ft lot. Broker comments are “The artistic genius behind the creation of this Castle Creek home is a timeless tribute to contemporary, minimalist style. A quick 7 minutes from the round-about, this home is a work for art … composed of mahogany, concrete, farmer’s stone and glass. Spectacular views. Five bedrooms, four baths, two half-baths; family room, unique kitchen with sitting area and desks, 3-car garage, on 10.3 acres surrounded by National Forest.” 2014 Taxes: $11,739. Under Contract Date: 08/05/2015; Sold Date: 10/09/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Spring Street)

MLS #136875 – Top Of Mill, Central Core, 918 S Mill Street Unit A, Aspen, CO. Sold Price: $5,700,000/$1,516 sq ft; furnished. More details below photos.

MLS #136875 – Top Of Mill, Central Core, 918 S Mill Street Unit A, Aspen, CO. Sold Price: $5,700,000/$1,516 sq ft; furnished. Asking Price: $5,900,000. (Original Price: $6,900,000 and 1,726 days on the market since 03/20/2009.) This is a 1999 built and 2004 remodeled, 3 bedroom/3 bath/1 half-bath, 3,758 sq ft duplex/half duplex with 4+ car garage on a 6,000 sq ft lot. Broker comments are “PREMIER LOCATION at base of Aspen Mountain and at Top of Mill Street. Spectacular ski-in/ski-out home has 3 possibly 4 spacious bedrooms, each with large closets and beautiful, spacious baths. The luxurious master suite is complete with a warm and inviting fireplace, 2 large walk-in closets, spacious master bath complete with whirlpool tub and steam shower. Every bedroom has a private patio, as does the executive office plus there are 2 additional patios off the upstairs living room also with wonderful views. The large wine cellar is perfect for enjoying that special vintage wine with friends and family. The large underground garage is another wonderful feature seldom found in the Aspen core. Complete with hand painted walls, beautiful hardwood throughout, beveled windows, skylight. Lutron low-voltage lighting system, luxurious Viking appliances, central vacuum, and beautiful exterior waterfall for that unique zen feeling, Come and enjoy all this home has to offer along all within a short stroll of Aspen’s finest restaurants and shops.” 2013 Taxes: $14,669. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/27/2015; Sold Date: 10/15/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #137150 – Edge of Ajax Condo, Central Core, 715 E Hopkins Avenue Unit 1, Aspen, CO. Sold Price: $4,930,000/$2,276 sq ft; partial furnished. More details below photos.

MLS #137150 – Edge of Ajax Condo, Central Core, 715 E Hopkins Avenue Unit 1, Aspen, CO. Sold Price: $4,930,000/$2,276 sq ft; partial furnished. Asking Price: $5,350,000. (Original Price: $5,600,000 and 275 days on the market since 12/26/2014. The seller paid $4.6M in spring 2014.) This is a 1981 built and 2013 remodeled, 4 bedroom/4 bath, 2,166 sq ft duplex/half duplex with 2 car garage. Broker comments are “Central Core, completely remodeled (2013), contemporary townhome located 3 short blocks to the gondola. This south facing, sun drenched, multi floor property features unobstructed views of Ajax, a 2-car garage, snow melted driveway, 2 additional off-street parking spaces, 2 decks, a private hot tub and air conditioning. Look no further for core area living!” 2012 Taxes: $6,732; HOA Dues: $3,200 per Yr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/05/2015; Sold Date: 10/13/2015. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #138157 – Mtn Valley, East Aspen, 348 Mountain Laurel Drive, Aspen, CO. Sold Price: $2,687,500/$829 sq ft; furnished. More details below photos.

MLS #138157 – Mtn Valley, East Aspen, 348 Mountain Laurel Drive, Aspen, CO. Sold Price: $2,687,500/$829 sq ft; furnished. Asking Price: $2,800,000. (Original Price: $3,600,000 and 225 days on the market since 03/02/2015.) This is a 1974 built and 2007 remodeled, 5 bedroom/4 bath/1 half-bath, 3,238 sq ft single family home with 1 car garage on a 21,841 sq ft lot. Broker comments are “Recent remodel includes all new living room windows opening to views of Aspen Mountain and town. All new contemporary bathrooms and top-of-the-line kitchen with 2 dishwashers. Lots of storage. Yard is very private.” 2014 Taxes: $4,296; HOA Dues: $250 per Yr. Under Contract Date: 08/31/2015; Sold Date: 10/13/2015. (Photos and broker comments courtesy of Douglas Elliman Real Estate-Hyman Ave)

MLS #139692 – Chateau Blanc, Central Core, 901 E Hyman Avenue Unit # 4, Aspen, CO. Sold Price: $1,150,000/$1,314 sq ft; furnished. More details below photos.

MLS #139692 – Chateau Blanc, Central Core, 901 E Hyman Avenue Unit # 4, Aspen, CO. Sold Price: $1,150,000/$1,314 sq ft; furnished. Asking Price: $1,250,000. (Original Price: $1,250,000 and 117 days on the market since 06/19/2015.) This is a 1966 built, 2 bedroom/2 bath, 875 sq ft condo. Broker comments are “Beautiful turnkey unit, 2-bedroom 2-bath condominium captures plenty of natural light. Views of Aspen Mountain. A wood burning fireplace with an outside deck. Located in a very quiet area just 3 blocks from the core of Aspen’s downtown shopping and dining. Low HOA due’s and on-site management.” 2014 Taxes: $2,369; HOA Dues: $220 per month. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/08/2015; Sold Date: 10/14/2015. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)

MLS #139171 – Silver Glo, Central Core, 940 Waters 101, Aspen, CO. Sold Price: $699,000/$1,005 sq ft; furnished. More details below photos.

MLS #139171 – Silver Glo, Central Core, 940 Waters 101, Aspen, CO. Sold Price: $699,000/$1,005 sq ft; furnished. Asking Price: $694,000. (Original Price: $699,000 and 120 days on the market since 05/23/2015.) This is a 1970 built and 2014 remodeled, 2 bedroom/2 bath, 695 sq ft condo. Broker comments are “Attractive 2 bedroom 2 bath corner ground floor unit in the core just 4 blocks to the Silver Queen Gondola. Recently remodeled with high end finishes and furnishings. Cozy up by the fire with your honey in front of the wood burning fireplace with wood included on those chilly Aspen nights. Numerous HOA amenities include a heated pool, ski storage, lounge, free on site parking, a shuttle to the Gondola or downtown during ski season.” 2014 Taxes: $1,214; HOA Dues: $1,707 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/18/2015; Sold Date: 10/09/2015. (Photos and broker comments courtesy of McKinley Sales)

MLS #130746 – Original Curve, Central Core, 725 E Main Street 108, Aspen, CO. Sold Price: $375,000/$1,071 sq ft; unfurnished. More details below photos.

MLS #130746 – Original Curve, Central Core, 725 E Main Street 108, Aspen, CO. Sold Price: $375,000/$1,071 sq ft; unfurnished. Asking Price: $374,000. (Original Price: $379,000 and 1,088 days on the market since 03/29/2011.) This is a 1970 built and 2005 remodeled, 1 bath, 350 sq ft condo. Broker comments are “In-town Pied a terre. Built in bed unit with book cases. Convenience abounds-4 short blocks to gondola, across from Herron Park, off-street parking & plenty of storage. Common area’s were newly painted and carpet in 2014.” 2014 Taxes: $624; HOA Dues: $825 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 09/08/2015; Sold Date: 10/14/2015. (Photos and broker comments courtesy of Aspen Snowmass Properties|BJ Adams and Company – Aspen)
MLS #138814 – Meadow Ranch, Snowmass Village, 70 Meadow Ranch Road, Snowmass Village, CO: Sold Price: $1,134,000/$491 sq ft; unfurnished. More details below photos.

MLS #138814 – Meadow Ranch, Snowmass Village, 70 Meadow Ranch Road, Snowmass Village, CO: Sold Price: $1,134,000/$491 sq ft; unfurnished. Asking Price: $1,149,000. (Original Price: $1,149,000 and 239 days on the market since 06/07/2014.) This is a 1979 built and 2014 remodeled, 4 bedroom/2 bath/1 half-bath/1 3/4 bath, 2,306 sq ft single family home. Broker comments are “Enjoy, privacy, peace and quiet in this completely 2014 remodeled, 4 bed, 3.5 bath, 2300 sq.ft. stand-alone Snowmass Village home. Featuring top of the line finishes including bamboo floors, slab granite countertops, wood cabinetry, wood-surrounded gas log fireplace, new baths, new decks, new roof, repainted inside and out and more (see Documents for complete list). Open floor plan with skylights, spacious 2-story foyer, 2 decks, good storage, laundry room and tucked into the evergreen trees. 4th bedroom could be second living area. Upper floor has living, dining, kitchen and half bath, Main floor has master suite and 2 bedrooms which share a bath and the lower level has the 4th bedroom, full bath and laundry. Exterior storage underneath. Reasonable HOA fees, ample parking, low maintenance” 2014 Taxes: $2,703; HOA Dues: $1,517 per Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 07/17/2015; Sold Date: 10/14/2015. (Photos and broker comments courtesy of Snowmass Sotheby’s International Realty-Hyman Mall)

MLS #140348 – Capitol Peak, Snowmass Village, 90 Carriage Way 3220, Snowmass Village, CO: Sold Price: $615,000/$656 sq ft; furnished. More details below photos.

MLS #140348 – Capitol Peak, Snowmass Village, 90 Carriage Way 3220, Snowmass Village, CO: Sold Price: $615,000/$656 sq ft; furnished. Asking Price: $699,000. (Original Price: $699,000 and 1,129 days on the market since 08/04/2011.) This is a 2008 built, 1 bedroom/2 bath, 937 sq ft condo. Broker comments are “Step out your front door to the restaurants and shops of the new Snowmass Base Village and the Treehouse ski school. The gondola and lifts will take you straight up the mountain. This one bedroom plus den suite lives like a two bedroom with two bathrooms and features top of the line finishes from granite counter tops to high-end stainless steel European appliances. The balcony off the living room has privacy provided by Aspen trees and great views of Gondola Plaza.” 2014 Taxes: $5,856; HOA Dues: $3,575 per Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 08/18/2015; Sold Date: 10/05/2015. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-SMV)

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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 at970.309.6163or byemail.The Estin Report is copyrighted 2015 and all rights reserved. Use is permitted subject to the following attribution with a live link to the source:“The Estin Reporton Aspen Real Estate.”

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