Coldwell Banker Releases Luxury Market Report Listing Most Exclusive U.S. Cities and ZIP Codes
According to Coldwell Banker’s Luxury Market Report, the 81611 ZIP code in Aspen, Colorado was the only non-coastal area to make the top 20 list for the most luxury real estate sales exceeding $10 million for the 12-month period ending June 30, 2013.
“We are seeing an influx of high-end buyers finding exclusive properties in luxury markets such as Aspen,” said Betty Graham, president of Coldwell Banker Previews International NRT. “The Colorado resort town has been known as a vacation destination during the winter months, but is becoming the permanent residence for affluent buyers seeking its unique lifestyle of culture and arts. The Aspen real estate market has also matured, ranking No. 4 in the United States for closed units over $10 million for the last 12 months ending June 30, 2013.”
90210 in Beverly Hills (the ZIP code so renowned it once had a TV show named after it) had the most real estate sales over $10 million, with 18 closed transactions. New York City’s Upper West Side, ZIP code 10023, came in second with 17 closed transactions at more than $10 million. The 10021 ZIP code in the Upper East Side of New York tied with Aspen for third place, as each had 16 closed sales in excess of $10 million.
“New York City remains a dominant player in the luxury housing arena and today is being impacted by an infusion of affluent foreigners who recognize the benefits of the stable U.S. economy while also enjoying the status symbol and lifestyle New York offers,” said Budge Huskey, president and CEO of Coldwell Banker Real Estate LLC. “Many [buyers] plan to hold these properties for the foreseeable future. Interestingly, the high end is mirroring all facets of the city’s housing spectrum with low inventory creating a seller’s market.”
Aspen (81611) ranked at the top for the highest number of listings at more than $10 million, followed by Malibu, California (90265) and New York City (10065). Aspen ranked fourth among U.S. cities for the highest volume of sales at $10 million and up; New York City, Los Angeles, and Beverly Hills took the top three spots in this category.