On 12/24/09, Colorado Public Radio interviewed Aspen real estate broker and blogger Tim Estin about recent trends in one of the wealthiest markets in the country. To listen to interview, click link: “AspenReal Estate Goes Through Peaks and Valleys” .. .This posting is derived from notes… Read More
Use this site as an Aspen real estate resource. The Estin Report has been accumulating Aspen real estate information online since 2005, and the reports include historical market information dating back to 2003-2004. Search by MLS #, date, topic, address, condo complex, development name, etc. If it is Aspen Snowmass real estate related, it is likely to be here.
The Estin Report Ā© – Aspen Real Estate: State of the Market and Trends, 3rd Quarter 2008
By Tim Estin mba, griĀ Ā | Mason Morse Real Estate, Aspen |Ā 970.920.7387 office Oct 28, 2008 (Updated from the original article, Mountain Business Journal, January 2nd, 2007) Immediate Market Highlights: Our market may have slowed but it has not stopped ā¦ we are not immune but we are insulated. Hereās what Aspen property is moving now. The overall theme is ā instant gratificationā sells Superb, Aspen in-town locations and drop dead new remodels and new construction Trophy purchases, $$ seemingly no object. Realistic priced properties with motivated sellers who understand marketplace conditions and realities. Great perceived āvalueā buys. Buyers are absolutely more discriminating than ever. West End single family homes: transactions are off -20% YTD, but off -50% from the peak YTD 2006. However, price/sq ft is higher; new product is selling; people want to be in-town, walk to everything. Aspen downtown core sales have plummeted, down 70% YTD, -76% 3Q08 and -61% below the lowest YTD 2004 Snowmass Village (SMV) single family home activity is on the uptick as sellers mark down prices and inventory begins to move. New Snowmass Base Village sales YTD have been off the chart upwards. Unknown: if developers and builders start to capitulate, how will it affect existing home prices and sales? Read More
Notes on “Year End 2008: State of Aspen Market” Presentation by Aspen Appraisal Group
(These are my summary notes of the 12/17/08 presentation by Randy Gold, President of Aspen Appraisal Group. The complete presentation, text with charts, is available at:… Read More
How to Search Aspen Snowmass Real Estate and Properties for Sale
Click Here to Search By Criteria A search tool is in process of development at present. In the meantime, please follow these steps: 1. The link above will take you to my company’s, Mason Morse Real Estate’s, website, the #1… Read More
The Estin Report Aspen Snowmass Real Estate Weekly Sales and Statistics: (7) Closed and (8) Under Contract / Pending: Nov. 14 – 21, 10
Tim Estin’s weekly blog, www.AspenRealEstateBlog.com, is released Monday mornings and sometimes in-between. The Estin Reports are released annually, quarterlyand also special reports. For blog archives, scroll to bottom of this page and search by date or topic; for Aspen Real Estate News Archives, go… Read More
Aspen Highlands Townhome Values – 2 Sales Last Week: $4.75M/$788 Sq Ft and $4.9M/$841 Sq Ft
Sept 3 - 10, 2017 Estin Report: Last Week's Aspen Snowmass Real Estate Sales & Stats: Closed (13) + Under Contract / Pending (10)
The Estin Report: August 2017 Aspen Real Estate Monthly Snapshot has been postedĀ inĀ Current Reports.Ā The Snapshots are usually posted on or near the 1st Monday of the month.Ā
August 2017 Bottom Line
"The Aspen real estate market is cruising along in overdrive. August is traditionally a very active period for sales, and this August more so than ever. Sales at all prices points are exceedingly strong while inventory of properties for sale is declining significantly. Areas with particular sales velocity are Downtown Aspen, Red Mountain and the West End. Outlying areas are experiencing slower sales at lower pricesāthereās value in them hills. There is concern the market is frothy with many asking how long can this last...Who really knows? No one..."Ā Read moreĀ
The Estin Report: Mid-Year 2017 State of Aspen Real EstateĀ was released in the summer 2017 inĀ Current Reports.Ā The 32-Page reportĀ is available on-line as PDF and in a print edition 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.
"Flip Job" Examples: See recent Before/After RedevelopmentĀ in theĀ Flip Jobs SectionĀ near the bottom of the Menu Bar on the left. These are properties that have been recently or are currently in the process of redevelopment for re-sale. This post is updated (07/4/17) as additional re-sale properties come on the market at significantly higher prices.
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Market Activity Week 37, Sept 3 - 10, 2017
Aspen Snowmass real estate weekly sales and under contract activity appears below for all Aspen, Snowmass Village, Brush Cr 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. Ā Scroll down the page for home 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 quickly find blog archives by year and date to 2008. Or useĀ SearchEstinAspenĀ in the menu bar to search by topic, address, subdivision, complex, date, etc.Ā If it's about Aspen real estate, the information should be here.
Closed (13):Ā Ā MLS#s 137922, 144511, 144449, 145125, 147338, 148440, 148471, 149519, 149524, 149702, 149816, 149897, 150785. This link is valid until 10/10/2017.
Under Contract/Pending (10):Ā MLS#s 141708, 146964, 148047, 149313, 149536, 149868, 149877, 150197, 150447, 150735.Ā This link is valid until 10/10/2017.
Aspen Snowmass Solds Last Week:Ā Ā
MLS #147338 - Aspen Highlands, West Aspen, 75 Thunderbowl Lane, Aspen, CO. Sold Price: $4,900,000/$841 sq ft; furnished. More details below photos.
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MLS #147338 - Aspen Highlands, West Aspen, 75 Thunderbowl Lane, Aspen, CO. Sold Price: $4,900,000/$841 sq ft; furnished. Aspen single family home for sale. Ask Price: $5,475,000. (Original Price: $5,475,000 and 264 days on the market since 12/16/2016.) This is a 2007 built, 4 bedroom/5 bath/2 half-bath, 5,824 sq ft single family home with 2 car garage on a 3,920 sq ft lot. Some of the "best values"near downtown Aspen can be found at Aspen Highlands which is 5-7 minutes from downtown Aspen by shuttle bus. Broker comments are "Luxurious townhome living at Aspen Highlands within steps of the Thunderbowl and Exhibition Ski Lifts. Enjoy spectacular views of the Aspen Highlands ski area from the ultimate destination home with generous spaces ideally suited for entertaining. The contemporary mountain design boasts a gracious 5,824 sq ft, with four en-suite bedrooms, plus a private office, two power rooms, multiple fireplaces, game and media room, gourmet kitchen, top-of-the-line wine chillers, elevator, hot tub and heated two-car garage. Five minutes from downtown Aspen and just a short walk to Aspen Schools and the Aspen Recreation Center. Ritz-Carlton Club amenities include use of the workout facilities, outdoor heated pool and spa. Complimentary in-town and airport transportation available." 2017 taxes: $24,153; HOA Dues: $5,719 per Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 07/22/2017; Sold Date: 09/06/2017. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen) Read More
The Estin Report Aspen Snowmass Real Estate Weekly Market Update: (3) Closed and (3) Under Contract; $24.5M Aspen Home Sells Last Week; and New Pitkin County Septic Requirements July 1, 10: June 20 – 27, 10
1) Today’s Denver Post: $24.5M Sale of Aspen Home Suggests Real Estate Turnaround Excerpt: “ASPEN REAL ESTATE ā Pitkin County’s most expensive single-family-home sale in nearly a year closed last week for $24.5 million. Aspen Lakes Ranch, at 460 Sunnyside Lane, was built on… Read More
2018 Built Contemp Ski in/Out Snowmass Home at 270 Spruce Ridge Closes at $8.25M/$1,308 SF Furn
Aspen Real Estate Market Ā Last Weekās Sales: Apr 28 – May 5, 19 – Week 17 Estin Report: Last Week’s Aspen CO Homes for Sale and Snowmass Real Estate Sales & Stats: Closed (18) +… Read More
The Estin Report Aspen Snowmass Weekly Real Estate Sales and Statistics: Closed (9) and Under Contract / Pending (7): Sept 16 – 23, 2012
Scroll down page for photos and details of sold and under contract (pending) Aspen properties in the past 4 weeks. For earlier dates, use the down arrow to the blog archives and search by date. Or use SearchEstinAspen… Read More
41 Popcorn Ln in E. Aspen at Morningstar Closes at $32M/$2,461 SF
Aspen Real Estate Market Ā Last Weekās Sales:Ā Sep 6 – 13, 2020 – Week 36 Closed (30) + Under Contract / Pending (23).Ā [To view the new blog post, you may have to āClear your Browser Settingsā.Ā Go to: Chrome browser/more tools/clear browsing data.]Ā Ā The August 2020… Read More