Mason Morse in the Wall Street Journal
Posted by Jon Wade — March 4, 2011
Luxury Real Estate member Brian Hazen of Mason Morse is in the Wall Street Journal again. This time it's in an article by Nancy Keates that comments on the state of the luxury real estate market in Aspen:
“The lowest-priced single-family home on the market in Aspen is listed for $559,000. It's located in a trailer park.
While most housing markets in the rest of the country continue to struggle with anemic demand and foreclosures—and sales at many other luxury ski resorts are still sluggish—Aspen has forged its own orbit. The average home price in this mountain town has increased over the past four years, to $6 million in 2010 from $5.4 million in 2006, according to multiple-listings data. The median price for single-family homes is now the highest in the country at $4.6 million, says San Francisco-based Altos Research, surpassing the Hamptons, Beverly Hills and Palm Beach.”
To read the article in its entirety, click here.