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☆ I visited Aspen, the most expensive vacation destination in America, for the first time. Here are 13 things that surprised me.
▼ + stars: | 2024-04-24 | by ( Monica Humphries | ) www.businessinsider.com time to read: +1 min

At the start of the 2021 ski season, I visited one of the US' most expensive ski towns: Aspen, Colorado. AdvertisementNestled in Colorado's Rocky Mountains, Aspen is a small ski town known for vacationers with big budgets. At the top of the list was Aspen, with vacationers spending an average of $761.39 per person per day in the town. In 2022, Aspen was the world's most expensive ski town based on the listing price for prime ski property, according to Engel & Völkers, a global real-estate company. In 2023, the ski outlet SnowBrains named Aspen the most expensive ski town in the US.

Persons: —, Engel, Völkers Organizations: Service, Aspen Locations: Aspen , Colorado, Aspen, Rocky

☆ Bay Area Estate Asks $16 Million More Than Its 2020 Sale Price
▼ + stars: | 2023-11-28 | by ( E.B. Solomont | ) www.wsj.com time to read: 1 min

A private-equity founder is asking $35 million for his Bay Area estate, just three years after buying it for $19 million. J. Taylor Crandall, a founder of private-equity firm Oak Hill Capital, is listing his 21.48-acre estate in Alamo, an affluent suburb about 30 miles east of San Francisco. When he bought the house in 2020 with his wife, Suzanne Crandall, it set a record for Contra Costa County, said Marilee Headen of Compass , who is marketing the property with Taso Tsakos of Engel & Völkers.

Persons: Taylor Crandall, Suzanne Crandall, Marilee, Taso Tsakos, Engel, Völkers Organizations: Contra Locations: Oak Hill, Alamo, San Francisco, Contra Costa County

☆ A condo on New York's Billionaires' Row sells for less than half of its original $135 million asking price
▼ + stars: | 2023-10-25 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

A five-bedroom, five-bathroom unit at 432 Park Avenue was listed for $135 million back in 2021. Two years later, it's sold for less than half that to an anonymous buyer, The Real Deal reported. That same year, the 8,000-square-foot apartment on the 79th floor was put on the market for $135 million, according to The Real Deal. AdvertisementAdvertisementThis May, the asking price was lowered to $92 million, and the condo went into contract in August, per the real estate news outlet. The unit's listing agent, Noel Berk of Engel & Völkers, previously told The Real Deal that it was being marketed to Asian buyers.

Persons: it's, —, hasn't, Noel Berk, Engel, Völkers Organizations: Service, Real, The New York Times, Engineers, Deal, Times Locations: New York City, Russian, Greek

☆ Ski towns in the American West are getting swankier — and pricing out frustrated locals
▼ + stars: | 2023-10-01 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +8 min

Driggs, Idaho, is the latest western mountain town to grapple with an surge of outsider money. AdvertisementAdvertisementChristina Assante bought a half-acre lot in Driggs, a ski town on the border of Wyoming, for $500,000 in 2021. Assante, and her son, Asher, are a part of a growing population setting course for the burgeoning ski town that was once overshadowed by its trendy neighbor Jackson, Wyoming. AdvertisementAdvertisementAn uncharted ski town in Idaho is ready to explodeIn Driggs, the town's expansion trajectory hangs in the balance as a, more literal, expansion is being organized. Locals are being pushed further outside of this Colorado ski townVail, Colorado, an expensive ski town a little less than 100 miles outside of Denver, could be viewed as a cautionary tale for Driggs and other budding ski towns.

Persons: —, Rich, Dutton, Luke Smith, Engel, Völkers Jackson, Cindy Riegel, Christina Assante, Assante, Michael, Asher, Driggs, Riegel, Allison Weibel, Steve Estvanik, Weibel, Vail, Michelle Badger, Redfin, it's, Mack, Keller Williams, Everdawn Charles, Tamara Williams, Kevin Costner's, Todd O'Hair, Montana's, Jackson, Paul Diegel Organizations: Service, Wall Street Journal, Journal, Census Bureau, New York Times, Times, Vail Resorts, Denver, Getty Images, Montana Chamber of Commerce Locations: Driggs , Idaho, Teton County , Idaho, Wyoming, Alta , Wyoming, Driggs, Jackson , Wyoming, Colorado and Montana, Idaho, Alta, Colorado, Vail , Colorado, Denver, Vail, Gypsum , Colorado, Vail —, Breckenridge, Dillon, Frisco, Bozeman , Montana, DianeBentleyRaymond, Getty Images Bozeman, Yellowstone, . Bozeman, Bozeman, Montana, Park City, Aspen

☆ 5 'undervalued' US real-estate markets where home prices could surge more than 10% over the next year as people continue to move to smaller cities, according to a brokerage CEO
▼ + stars: | 2023-09-21 | by ( William Edwards | ) www.businessinsider.com time to read: 1 min

Anthony Hitt, the CEO of Engel & Völkers Americas, thinks this trend will continue. He said Indianapolis, Kansas City, Portland (ME), Phoenix, and Spokane are next to see 10%+ growth. When it comes to home-price appreciation, small and mid-size cities are having their moment. According to data from the National Association of Realtors, the 10 US cities that have seen the highest appreciation rates over the last year are all relatively small markets. Here they are, along with how much they've appreciated year-over-year:All of them posted double-digit appreciation from the end of Q2 2022 to the end of Q2 2023.

Persons: Anthony Hitt Organizations: Engel & Völkers, National Association of Realtors Locations: Indianapolis , Kansas City , Portland, Phoenix, Spokane

☆ How to Find a Real Estate Agent
▼ + stars: | 2023-06-14 | by ( Aly J. Yale | ) www.wsj.com time to read: +15 min

According to the Association of Real Estate License Law Officials, more than three million people hold active real estate licenses in the U.S. That’s a lot of people with a range of experience and expertise. That’d be “knowledge,” says Philip Hordijk, founder of real-estate brokerage Leven Real Estate. A note of caution: Think hard before choosing a friend or family member to help with a real estate transaction. Search online directories—with careThere are plenty of third-party real estate sites that offer agent directories, too, including Realtor.com and Zillow. Real-estate broker vs. agentThere is also a differentiation between a real-estate agent and a real-estate broker.

Persons: Aly J, ”, Jonathan Rundlett, “, Philip Hordijk, Kimberly Jay, I’m, ” Jay, Jeremy Kamm, ” Kamm, —, Jesse Sheldon, don’t, ” Hordijk, Christian Ross, Völkers, Desiree Avila, Charles Rutenberg, Johnny, you’re, ” Ross, Bret Weinstein, ” You’ll, you’ve, Sellers, Hordijk Organizations: Yale, Association of Real, License, National Association of Realtors, Compass, Real, Engel, Exxon Mobil, Houston Association of Realtors, NAR, News Corp, Street, Realtors Locations: U.S, Leven Real Estate, New York, New York City, Seattle, Fort Lauderdale, Avila, Houston, Denver, In Texas

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