Is Aspen For the Wealthy?
Posted by Ryan Schwartz on
Is Aspen For the Wealthy?
The short answer is yes, it's expensive; Aspen is predominantly postured for high-net-worth individuals. With a median listing price reaching $3.5+ million and trophy properties commanding over $300 million, this Colorado mountain town has evolved into one of America's most exclusive real estate markets.
However, the market does offer some “entry-level” options for those willing to adapt their expectations.
How Aspen Became an Expensive Market
Aspen's transformation from mining town to luxury destination began in the 1940s with Walter Paepcke's vision. The businessman saw opportunity in the abandoned Victorian buildings and pristine mountain setting, establishing The Aspen Institute, Aspen Music Festival, and Aspen…
376 Views, 0 Comments