Today at the Coldwell Banker Generation Blue Experience Coldwell Banker Previews International® released its latest Luxury Market Report which found that Aspen, Colo., is the only non-coastal real estate market to make the top 20 list of ZIP codes with the most luxury real estate closed sales (16) over $10 million for the last 12 months ending June 30, 2013. Known for its signature slopes, five-star cuisine and posh resorts, Aspen is also a major cultural and creative hub, with the Aspen Institute attracting the world’s greatest minds each summer. Creative thinkers and homebuyers alike are flocking to Aspen for its mix of culture, recreation and environment.
Beverly Hills’ 90210 recorded the most real estate sales over $10 million (18) with New York City’s Upper West Side ZIP code 10023 one sale behind (17). New York City’s Upper East Side ZIP code 10021 ranked third, joining Aspen at 16 sales for luxury homes valued at $10 million and up.
“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 from for the last 12 months ending June 30, 2013.”
“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 chief executive officer of Coldwell Banker Real Estate LLC. “Many 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.”
About the Coldwell Banker Previews International® Luxury Market Report
The full Coldwell Banker Previews International Fall 2013 Luxury Market Report, available at coldwellbankerpreviews.com, ranks the top U.S. cities and ZIP codes with the most luxury listings in the $1 million+, $5 million+ and $10 million+ price ranges. It also offers a snapshot of domestic and international markets such as New York, Aspen and Italy. Photos, listings and details are available upon request. The report will be unveiled at the Coldwell Banker Generation Blue Experience in New York, where more than 2,000 of the brand’s brokers and agents from around the world will be convening to network and discuss global trends in real estate.
Coldwell Banker Previews International, partnering with the Luxury Institute, also conducted a Luxury Consumer Survey, which found that more young money is entering the luxury real estate market. Full findings of the Coldwell Banker Previews International Wealthy Consumer Survey are available on coldwellbankerpreviews.com/.
Manhattan area data has been gathered from StreetEasy.com, an on line consumer and private industry portal which reports closed real estate transactions from the Real Estate Board of New York (REBNY), as well as other reporting brokerage resources. All other data has been gathered from the Multiple Listing Service (MLS) databases known or believed to be the primary real estate broker cooperative resources for each market referenced in the report. All closed sales activity reported is for the annual period July 1, 2012 through June 30, 2013. Closed sales reported to the MLSs significantly later than this analysis period were not included. All active and pending status listing records were downloaded and processed to the same standards, and on various dates, during the months of July and August, 2013. Property-specific listing and sales records were standardized to USPS address city and zip code, inaccurate list and sale prices were corrected when necessary, and all duplicate records were manually excluded.
About Coldwell Banker Previews International®
Previews® began as a luxury home brokerage founded by Henderson Talbot in 1933. The firm was acquired in 1980 by Coldwell Banker Real Estate LLC and launched as Coldwell Banker Previews International, the brand’s luxury homes program. The exclusive group of certified Previews Property Specialists make up approximately 10 percent of the more than 82,000 Coldwell Banker® sales associates worldwide. Coldwell Banker agents participated in more than 16,400 transaction sides of homes priced at $1 million or more in 2012 which averaged $86.1 million in luxury homes sales every day. The website coldwellbankerpreviews.com features more than 17,000 luxury properties from around the globe. Coldwell Banker, Previews and Coldwell Banker Previews International are registered marks licensed to Coldwell Banker Real Estate LLC. Each office is independently owned and operated.
About Coldwell Banker®
Since 1906, the Coldwell Banker® organization has been a premier provider of full-service residential and commercial real estate. Coldwell Banker (coldwellbanker.com) is the oldest national real estate brand in the United States and today has a network of approximately 83,000 sales agents working in approximately 3,100 offices in 50 countries and territories. The Coldwell Banker brand is known for creating innovative consumer services as recently seen by being the first national real estate brand to create an iPad application and the first to fully harness the power of video in real estate listings, news and information through its Coldwell Banker On LocationSM YouTube channel. The Coldwell Banker system is a leader in specialty markets such as resort, new homes and luxury properties through its Coldwell Banker Previews International® marketing program. Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated.
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