In an Forbes article by Matt Woolsey, Aspen rates as the most expensive zip-code in the USA.
The 81611 ZIP code--home to sprawling wood beam and stone ski lodges and on the south end of Aspen--is currently the most expensive neighborhood in the country, boasting a whopping $6.5 million median home sale price. Neighboring Snowmass Village(81615) and Snowmass (81654) aren't far behind: They landed at fourth and seventh place on our list of priciest ZIPs with median prices of $3.99 million and $3.7 million respectively.
How did Aspen grab the top stop? Seasonality. Sales in other luxury markets like Atherton, Calif., (94027) or Beverly Hills (90210) slow in the winter, but in Aspen, the New Year rings in the high season for home sales. That means even in an off-year, Aspen is the nation's top performer. Nationwide, home prices are down, and most places are yet to hit their spring high season. At this time of year, Aspen benefits in national rankings because its highs are compared to other market's lows.
Behind the List
Our numbers come from the Forbes Luxury Housing Index, which tracks the 500 most expensive ZIP codes in the U.S., using real estate statisticsprovided by Altos Research, a Mountain View, Calif.-based real estate derivatives research firm. Median prices represent a 90-day rolling average from April 20. ZIPs with inventory less than 10 homes were not considered.
Posted by gary on
April 28, 2009 in