The Estin Report Aspen Snowmass Weekly Real Estate Sales and Statistics: Closed (6) and Under Contract / Pending (7): Apr 29 – May 06, 2012

Scroll down page for prior week’s market activity.

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 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.

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.

Market Commentary: April 2012 Monthly Snapshot (link to Charts and Tables). Scroll down page for last week’s sales activity.

The Estin Report: Total Aspen* Snowmass Market 2012 Monthly Sales Comparisons

2012 YTD Monthly Comparison Chart and Tables

The Estin Report: Aspen* Snowmass April 2012 Unit Sales, Inventory and Next Month’s Pending

April 2012 vs April 2011 Comparison

(Now vs Then, Year over Year)

rev. 05/08/12

Total Aspen Snowmass Market

• Unit Sales: down -12%, 30 sales now vs 34 sales then
• Dollar Volume: down -20%, $72M now vs $93M then
• Listing Inventory: down -4%, 1,128 properties for sale now vs 1,178 then
• Year-to-Date Dollar Volume: down -26%, $257M now vs $349M then

Aspen Market

• Unit Sales: down -24%, 16 sales now vs 21 sales then
• Dollar Volume: down -23%, $52M now vs $68M then
• Listing Inventory: down –11%, 550 properties for sale now, 618 then
• Year-to-Date Dollar Volume: -29%, $200M now vs $281M then

Snowmass Market

• Unit Sales: up 8%, 14 sales now vs 13 sales then
• Dollar Volume: down -10%, $20M now vs $22M then
• Listing Inventory: up 3%, 301 properties for sale now, 293 then
• Year-to-Date Dollar Volume: down -15%, $57M now vs $67M then

April 2012 Sold Properties Links (Links to property details and photos are valid for 30 days until June 7, 2012)

• ·Aspen Sold Properties includes Aspen, Woody Creek and Old Snowmass

• ·Snowmass Village Sold Properties

The Estin Report: Q1 2012 State of the Aspen Market Published 4/22/12

Click image for executive summary and full report pdf

Last Week’s Activity

Under Contract / Pending (7): MLS #: 116449, 124415, 125183, 123542, 119972, 123511, 125008. This link is valid for 30 days until 06/06/2012. Photos and descriptions of under contracts are not posted unless special circumstances or significance dictate.

Closed (6): MLS #: 121620, 121341, 122817, 124358, 125269, 122026 . This link is valid for 30 days until 06/06/2012.

Aspen Snowmass Solds Last Week:

MLS #121620 – Aspen, Red Mountain single family home, 95 Wrights Road, Aspen, CO: Sold Price: $12,200,000/$1,315 sq ft furnished. More details below photos.

MLS #121620 – Aspen, Red Mountain single family home, 95 Wrights Road, Aspen, CO: Sold Price: $12,200,000/$1,315 sq ft furnished; Asking Price: $12,900,000. (Original Price: $16,900,000 and 513 days on the market since 06/22/2010.) This is a 2000 built, 6 bedroom/6 bath/3 half bath, 9,273 sq ft single family home with 3 car garage on 0.94 acres. Broker comments are, “Sophisticated, picture-perfect Red Mountain estate with unparalleled finishes and attention to detail. Cozy enough for two, the master suite shares its level with the living room/formal dining room, office, and gourmet kitchen. Spacious enough for extended family and guests, the downstairs level features 5 additional bedrooms including 2 guest masters, family room, game room, media room, gallery and wine cellar, and snow melt drive, terraces, and walkways. If your style is more contemporary, take a look at the photos of designer renderings showing how easy a slight remodel would be.” 2011 Taxes: $28,387; City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 04/19/2012; Sold Date: 05/04/2012. (Photos and broker comments courtesy of SDS Real Estate.)

MLS #121341 – Aspen, Central Core, Calderwood single family home, 1118 Waters Avenue, Aspen, CO: Sold Price: $2,750,000/$1,244 sq ft unfurnished. More details below photos.

MLS #121341 – Aspen, Central Core, Calderwood single family home, 1118 Waters Avenue, Aspen, CO: Sold Price: $2,750,000/$1,244 sq ft unfurnished; Asking Price: $3,095,000. (Original Price: $5,400,000 and 990 days on the market since 05/19/2009.) This is a 1990 built, 3 bedroom/2 bath, 2,209 sq ft single family home on 0.21 acres. Arguably, the selling price is is at or very near lot value. Broker comments are, “One-of-a-kind unique Aspen log style home located on a quiet cul-de-sac in the heart of downtown Aspen just 4 blocks from the base of Aspen Mountain; and an easy walk to popular retail shops and restaurants of Aspen. This home makes you feel like you’re deep in the Colorado Mountains with a cozy ambiance throughout; but at the same time, you have all the modern home amenities. In addition to the home itself, the surrounding grounds are special with plenty of green trees, a stream running through the back yard, a hot tub gazebo and plenty of outdoor patio and deck space to enjoy the mountain ambiance. Sit on the deck of your Aspen mountain home looking up at the surrounding mountain with the sound of a mountain stream in the background.” 2011 Taxes: $8,552. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 02/16/2012; Sold Date: 05/01/2012. (Photos and broker comments courtesy of Frias Properties.)

MLS #122817 – Aspen, West Aspen, West Meadow single family home, 103 Oak Ridge Drive, Aspen, CO: Sold Price: $11,500,000/$1,365 sq ft unfurnished. More details below photos.

MLS #122817 – Aspen, West Aspen, West Meadow single family home, 103 Oak Ridge Drive, Aspen, CO: Sold Price: $11,500,000/$1,365 sq ft unfurnished; Asking Price: $13,700,000. (Original Price: $19,900,000 and 1,339 days on the market since 05/10/2008.) This is a 2008 built, 4 bedroom/5 bath/3 half bath, 8,420 sq ft single family home with 3 car garage on 5.68 acres. There are no broker comments provided by listing broker. 2011 Taxes: $23,306. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/19/2012; Sold Date: 05/02/2012. (Photos courtesy of Joshua & Co.)

MLS #124358 – Aspen, Central Core condo, 851 Ute Avenue, Aspen, CO: Sold Price: $2,725,000/$901 sq ft furnished. More details below photos.

MLS #124358 – Aspen, Central Core condo, 851 Ute Avenue, Aspen, CO: Sold Price: $2,725,000/$901 sq ft furnished; Asking Price: $2,825,000. (Original Price: $2,775,000 and 91 days on the market since 02/17/2012.) This is a 1972 built, 4 bedroom/4 bath/1 half bath, 3,023 sq ft condo. Broker comments are, “Walk to town from this A+ location on Ute Ave. Only 4 units in complex. In original clean condition, mostly furnished, live in now or plan some upgrades. Four levels (3 above ground), decks, open living area with lots of light. Master suite on separate floor. Views of gondola and top of Aspen Mtn.” 2011 Taxes: $7,207; HOA Dues: $3,550 +/- Qtr. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/02/2012; Sold Date: 05/01/2012. (Photos and broker comments courtesy of Joshua & Co.)

No photo in MLS for this single family lot.

MLS #125269 – Aspen, West End single family lot, TBD W. Hallam Street, Aspen, CO: Sold Price: $4,000,000/$28,571,428 ac; Asking Price: $4,000,000. (Original Price: $4,000,000 and 33 days on the market since 05/02/2012.) This is a 6,000 sq ft single family vacant lot located adjacent to 305 W. Hallam in the West End of Aspen. (Legal: Subdivision: CHARLIE & WINSTON SUB EXEMPT Lot: 2). Broker comments are, “Sold before listed.” 2011 Taxes: $31,806. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/28/2012; Sold Date: 04/30/2012. (Broker comment courtesy of Aspen Snowmass Sotheby’s.)

MLS #122026 – Snowmass Village, Deerbrook condo, 381 Ridge Road #B-2, Snowmass Village, CO: Sold Price: $2,575,000/$879 sq ft furnished. More details below photos.

MLS #122026 – Snowmass Village, Deerbrook condo, 381 Ridge Road #B-2, Snowmass Village, CO: Sold Price: $2,575,000/$879 sq ft furnished; Asking Price: $2,895,000. (Original Price: $3,695,000 and 739 days on the market since 11/23/2009.) This is a 1990 built/2008 remodeled, 4 bedroom/4 bath/1 half bath, 2,929 sq ft condo with 1 car garage. Broker comments are, “The Deerbrook is a luxury townhome complex consisting of just 15 properties. This recently remodeled townhome has easy ski-in, ski-out access to Assay Hill and is conveniently located across the slope from the Viceroy Hotel with spa and restaurant available to its neighbors. All this plus there is a stream flowing through the Deerbrook. Comfort, elegance and privacy are part of the Deerbrook experience.” 2011 Taxes: $6,844; HOA Dues: $4,417 Qtr. Town of Snowmass Village Transfer Tax of approx. 1.0% payable by buyer. Under Contract Date: 04/02/2012; Sold Date: 05/03/2012. (Photos and broker comments courtesy of Aspen Snowmass Sotheby’s.)

Tim Estin welcomes your business, inquiries and comments. Email: tim@estinaspen.com 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 one of the different subscription options in banner at the top of page:

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