By the numbers

The town where a trailer costs $559,000: By the numbers

With eager foreign buyers pushing average home prices well into the millions, Aspen, Colo., has become America's most expensive town

Across America, homeowners have felt the harsh effects of the burst real estate bubble. But one picturesque mountain town has remained relatively untouched: Aspen, Colo. The luxurious skiing mecca has actually seen a steady increase in housing prices since 2006, and even a home in a trailer park might still set you back more than a million dollars. Here, a brief guide, by the numbers:

$559,000Price of the lowest-priced single family home on the market in Aspen. The house is located in a trailer park.

$4.6 million Median sale price of an Aspen home, the highest in the country

$5.4 millionAverage home price in Aspen in 2006

$6 millionAverage home price in Aspen in 2010. "While most housing markets in the rest of the country continue to struggle with anemic demand and foreclosures," says Nancy Keates in The Wall Street Journal, "Aspen has forged its own orbit."

$73,200Average home price in Detroit in late 2010, the lowest in the nation

31.2 percentDecline in home prices from their peak in 20 major U.S. cities

4.1 percentDecline in those cities' home prices in 2010

11Number of cities in the index, out of 20, that recently posted their lowest home prices since the bubble burst

25 percentAdditional drop that the market is at a "substantial risk" of seeing, according to Robert J. Shiller, a Yale economist and the author of Irrational Exuberance

5,000Approximate population of Aspen

1/5Share of Aspen real-estate transactions during a week in late January involving buyers from other countries. "Sales of luxury Aspen estates — the sorts of over-the-top places with leather walls and outdoor heated infinity pools — have remained remarkably healthy, thanks in part to foreign buyers," says Keates.

$36 millionAmount Russian billionaire Roman Abramovich paid for a 14,300-square-foot house on 200 Aspen acres in 2008

Sources: Wall Street Journal, AP, KJCT, New York Times

Recommended

Jack Dorsey will reportedly step down as Twitter's CEO
Jack Dorsey
so long?

Jack Dorsey will reportedly step down as Twitter's CEO

The daily business briefing: November 29, 2021
A COVID-19 test site at Heathrow
Business briefing

The daily business briefing: November 29, 2021

The disappearing estate tax
Estate tax.
Feature

The disappearing estate tax

Gas prices create political strain for Biden
Gas prices.
Feature

Gas prices create political strain for Biden

Most Popular

7 cartoons about Thanksgiving inflation
Political Cartoon.
Feature

7 cartoons about Thanksgiving inflation

Who pays America's taxes?
Taxes.
Briefing

Who pays America's taxes?

Neal Stephenson recommends 6 books on information manipulation
Neal Stephenson.
Feature

Neal Stephenson recommends 6 books on information manipulation