- Aspen’s 81611 is the #1 most expensive zip code in Colorado
- Boulder’s 80302 and 80304 tied for the second spot
- Denver and Douglas County have the highest number of pricey zips – 11
Ranked as one of the best performing housing markets in the country by Freddie Mac close to a year ago, the Colorado real estate market has maintained its upwards swing. The median sale price appreciated 6.7% year-over-year, according to the Colorado Association of REALTORS, with properties selling nearly 10% faster as well, as the monthly supply dropped 25% Y-o-Y.
On the upper end of the market, the buyers’ appetite for Colorado luxury homes has been increasing rapidly. According to LIV Sotheby’s most recent data, Metro Denver saw the number and dollar volume of luxury properties grow by nearly a fifth between January and September, compared to the same period last year.
With the state’s mountain resort real estate growing hotter by the day, it should come as little surprise that the #1 most expensive zip code in Colorado over the past 12 months is 81611 in Aspen. The median home sale price clocked in at $2,094,000 here thanks to a bevy of luxurious and ultra-luxurious properties that populate the zip. 81611 covers all of the Aspen area, including Larkspur Mountain, Mt. Shimer, Green Mountain, Truro Peak, Sievers Mountain South, as well as Hunter, Keefe and Larson Peaks, among many others.
One of the most famous mountain resorts in the world, Aspen is known not only as a winter sports wonderland, but as a playground for the rich and famous as well, evidenced by the abundance of pricey real estate and ultra-luxurious homes. Aspen’s 81611 was also the setting for Colorado’s largest residential transactions in the past 12 months, with the state’s top two sales registering a combined value of $56 million.
Trading hands in mid-September 2017, 2800 W Buttermilk Road represents Colorado’s #1 most expensive residential sale of the past year. The 8-bed, 9-bath Pitkin County home fetched $29,000,000 – a large sum indeed, although far below the $49,000,000 asking price it sported earlier this year. Known as the Mopani Estate, the 44.6-acre property was Colorado’s 3rd most expensive home for sale back in March.
The recently-built equestrian property offers up panoramic views of the Continental Divide, Red Mountain, Mount Sopris and the City of Aspen. The West Buttermilk estate includes a 6-bed main home, 2-bed guest house, 4+ car garage, and a bevy of equestrian facilities, including a large stable.
Colorado’s 2nd most expensive residential transaction also took place in Aspen’s 81611, with 205 Shady Lane trading hands for $27,000,000 in late August. The 5-bed legacy property is a quick walk from the City of Aspen’s downtown core, offering up views of the Rio Grande Trail and Aspen Mountain. The 6,515-square-foot Victorian home sits on a 2-acre riverfront estate which includes a 695-square-foot garage, live water, a gourmet kitchen, oversized windows and generous outdoor living space.
Colorado’s #2 most expensive zip codes, Boulder’s 80302 and 80304 tied for the second spot with a median sale price of $770,000. The two pricey zip codes cover a contiguous area of expensive real estate in Boulder that includes Sugarloaf Mountain, Mountain Meadows, Bald Mountain, Pine Brook Hill, parts of North and Central Boulder, and much of the resort and mountain territory to the west, north and southwest of Boulder. 80304 also represents the 11th most expensive zip code for Colorado renters according to our sister website RENTCafé.
Sporting a $769,000 median price, Vail’s 81657 is just an idea behind Colorado’s runner-up zips. One of only two zips in Vail, Colorado’s #3 most pricey zip code covers Bald Mountain, The Spider and Eagles Nest, with Read and Uneva Peak close by.
Check out the most expensive zip codes in Colorado below:
|#||Zip code||Location||County||Median sale price Nov 2016 - Oct 2017|
|12||81224||Crested Butte||Gunnison County||$571,000|
|19||80108||Castle Rock||Douglas County||$517,500|
|21||80124||Lone Tree||Douglas County||$509,850|
|31||81601||Glenwood Springs||Garfield County||$449,000|
|41||80528||Fort Collins||Larimer County||$415,875|
|43||80109||Castle Rock||Douglas County||$412,000|
El Paso County
|50||80132||Monument||El Paso County||$396,000|
Methodology: In order to determine which were the most expensive ZIP codes in Colorado, we looked at all residential transactions closed in between November 2016 and October 2017, taking into account condo, co-op, single- and two-family homes. All package deals were excluded.