Last weeks sales activity is published below. Scroll down page for photos and details of weekly solds 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. 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 Aspen Snowmass Weekly Real Estate Sales and Statistics: Closed (5) and Under Contract / Pending (14): Feb 10 – 17, 2013
Last weeks sales activity is published below. Scroll down page for photos and details of weekly solds 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. Read More
Unconventional Wisdom: Why the Big Bad Bubble May Pass Us Over, Aspen Magazine Magazine Feb 2008
The Set-up: Home prices in America have rocketed 45 percent higher than inflation since 1996 – creating five trillion dollars in wealth, according to the Center for Economic Policy Research. The Doomsday Scenario: The average home buyer cannot afford the average home. Inventories swell, prices sag. Five trillion dollars vanish – that’s $70,000 per family of four. The Happy Ending: You’re in Aspen where the housing bubble is made of Kevlar. Pickup a copy of the Wall Street Journal or Business Week these days and you’ll find economists peering through a miasma of contradictory figures to divine where the housing market is headed. Mark Pasani, number cruncher and marketing director for Aspen’s Land Title Guarantee Company, has a n easy time reading his charts- they all point up. Pasani reports that for Pitkin County, “A very strong October puts dollar volume up 15 percent for the year and up almost eight percent in the number of transactions.” The picture nationwide, however, is not as rosy. The National Association of Realtors (NAR) reports that existing home sales will fall 8.6 percent in 2006 from the previous year. New home sales will fall 16.8 percent and housing starts 10.6 percent. “Even as the national market cools, the real estate market here is cushioned by a national and global demand,” says Tim Estin, a broker for Mason & Morse who writes an occasional real estate market column for the Mountain Business Journal. Estin, who also reports on local market trends on his Web site (www.EstinAspen.com), sees the richest of the rich driving most of the demand in Aspen. “In 2006, there has been a surge in the sale of homes over $10 million,” he notes. In 2004 and 2005 combined, there were only 12 listings in this category. This year, there have been 36 such listings, and 12 of them have already sold. “The sale of anything over $20 million is extremely rare, and we’ve had three such sales in the past few months,” continues Estin. It’s worth noting that for more that thirty years, the Aspen housing market has weathered every storm; during periods of national recession, owners here – who tend to have deep pockets - pull properties off the market rather than discount. Rod Woelfle, president of the Aspen Board of Realtors and the local chapter of the NAR, says, “Luxury markets – like Aspen or the Hamptons – are more isolated.” “The main factor insulating the Aspen market is a formula of basic economics: supply and demand. The supply of area homes is extraordinarily constrained. Ninety-two percent of Pitkin County is government land or otherwise protected,” notes Estin. Read More
Extreme property flip examples in an already flush Aspen real estate market, ADN
“In the upper end of our market — say above $20 million — that … is being driven by billionaires, their passions and impulses. We are into another realm of billionaires pumping up property values, where a common $5-15 million difference in price doesn’t seem to make any difference. Yesterday’s sale is the deal you missed and there are more and more examples of ‘off-market,’ unlisted properties trading at record prices.” said Tim Estin, Broker, Aspen Snowmass Sotheby's International Realty Read More
Closings (19) and Pendings (30) Aspen and Snowmass Real Estate: August 2010
New monthly blog feature: In addition to the weekly published sales activity, the prior month’s Aspen Snowmass sold and under contract property statistics will be published at the beginning of each new month. In August 2010, there were (19) Closings and (30) Under Contracts/Pending (links are valid until… Read More
The Estin Report Aspen Snowmass Real Estate Weekly Market Update:(1) Closed and (6) Under Contract: April 18 – 25,10
There’s little to report this week except what one might think …Aspen is quiet and much like a ghost town. Other than the 15″ snowfall we received yesterday, Sat. April 24th, tumbleweed will shortly be blowing down Main Street as the local population takes off for warmer climates. Read More
The Estin Report Aspen Snowmass Real Estate Weekly Market Update (6) Closed and (5) Under Contracts: Sept. 5 – 12, 10
Follow@EstinAspen on twitter for blog posts and news on Aspen real estate. Click the twitter button directly below or the “conversation” button at the end of this post. At twitter, you’ll have the option of signing up for a twitter account and/or to receive as RSS feed of this… Read More
The Estin Report Aspen Snowmass Real Estate Sales and Market Activity: (4) Closed and (9) Under Contract/Pending: Sept. 12- 19, 10
Follow@EstinAspen on twitter for blog posts and news on Aspen real estate. Click the twitter button directly below or the “conversation” button at the end of this post. At twitter, you’ll have the option of signing up for a twitter account and/or to receive as RSS feed of this… Read More
The Estin Report Aspen Snowmass Real Estate Weekly Market Update: (7) Closed and (8) Under Contract: June 6 – 13, 10
Last Week’s Market Activity Last week’s real estate sales activity appears below for the upper Roaring Fork Valley for all property types over $250,000 excluding fractionals (except for Residences at Little Nell and Dancing Bear both which are included because of their higher fractional price points) in Aspen,… Read More
The Aspen real estate market today…
For recent examples of Aspen CO homes and condos for sale being flipped, go to: https://www.estinaspen.com/flip-jobs/ … Read More