America's Most Expensive Town

Edging out places like Beverly Hills, the town of Aspen, Colorado, has seen its property values on a consistent rise, making it the most expensive town in America.
March 12, 2011, 11am PST | Nate Berg
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Housing prices have been rising in recent years, averaging in the multi-millions.

"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."

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Published on Tuesday, March 8, 2011 in The Wall Street Journal
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