Aspen Tops List as World’s Most Expensive Ski Resort for Fourth Year

Aspen, Colorado, has topped the list of most expensive ski resorts in the world for the fourth year in a row, with homes in the affluent enclave averaging $3,900 per square foot. According to Savills’ 19th annual ski report, Aspen is the only North American ski location among the top 10 highest-priced prime ski resorts, which are defined as homes asking €750,000 or more.

The report shows that prices in the Aspen market have continued to rise, increasing by 9.3% from 2023 values. Despite high interest rates affecting other markets, Aspen’s prices remain stable. The ultra-prime category, where homes in the top 5% of each market are considered, saw Aspen retain its six-year top spot with average asking prices reaching $8,300 per square foot.

Global ski-resort prices have experienced significant growth since the pandemic, with prime properties being 36% above pre-pandemic levels. However, climate change and warmer temperatures have affected the North American ski-resort market, with Aspen dropping to fourth in a separate ranking of market resilience.

The report highlights that altitude is a key factor in determining resilience, with higher locations favored over lower ones. Meteorologists forecast a La Niña winter this season, which typically brings colder temperatures.

Source: https://www.mansionglobal.com/articles/aspen-most-expensive-ski-town-in-the-world-069e7aa0