Prices for Aspen homes among highest in nation

by | Nov 27, 2017 | Blog

You have serious scratch in your pocket and the desire to buy home in a place where you can rub elbows with the economically elite. Where do you go? Manhattan? The Hamptons? Carmel-by-the Sea?

Surprisingly, those are mere pikers in the world of high-end homeowners. A recent study shows that you’re better off staking your claim in Aspen.

“When it comes to the cost of entry into a luxury housing market, all those high-end, hoity-toity zip codes are chasing Aspen,” notes The Group, Inc., citing a recent analysis by the real estate firm Douglas Elliman. The study examined the top 10% of sales prices for luxury markets in the second quarter of 2017.

The report shows that Aspen outprices other markets. Homes in Aspen that made the top 10% of sales started at $9.6 million. By contrast, that number was $3.9 million in the Hamptons and $4.8 million in Manhattan.

If you don’t happen to have $9 million in spare change, don’t despair. You can still hobnob with the Aspen elite on the lower end of the scale: The median sales price in Aspen during the same time was a paltry $2.6 million.

 

Photo Copyright: maxym / 123RF Stock Photo

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