Active Adult Housing Most Expensive in Aspen, Colorado - 8/9/2004 - Real Estate Home House Condo

Active Adult Housing Most Expensive in Aspen, Colorado

The 1,275 homes occupied by active adults in Pitkin County, best known for Aspen and its world-class ski resorts, were worth an average of $946,036.

Pitkin was followed by New York County, NY, whose 42,844 homes owned by active adults averaged $829,631, and Teton County, WY, the location of 1,306 active adult homes averaging $650,526.

Ten of the top 25 most expensive counties in the country were in California, led by fourth-place Marin County with 22,212 homes averaging $616,915 and fifth-place San Mateo, whose 49,245 homes were worth an average of $570,032.

In all, 16 counties had average active adult home values of more than $400,000.

The averages were computed by dividing the aggregate value of homes owned by the number of homes. Home values are based on owners’ estimates of how much their homes would sell for at the time of the 2000 U.S. Census.

“The highest-priced counties are generally in resort areas near mountains or on islands, where the supply of land is severely limited by geography,” said Bonnie Solomon, chair of the NAHB Seniors Housing Council and a vice president of several retirement communities in St. Louis and Kansas City, MO, and Atlanta. “The others are in parts of the country known for extremely high housing costs, such as California and New York.”

The chart below shows U.S. counties with the most high-priced active adult communities:

Counties With The Most High-Priced Active Adult Communities