Luxury real estate in Aspen, Colorado

According to the Wall Street Journal:

The lowest-priced single-family home on the market in Aspen is listed for $559,000. It's located in a trailer park...

The average home price in this mountain town has increased over the past four years, to $6 million in 2010 from $5.4 million in 2006, according to multiple-listings data. The median price for single-family homes is now the highest in the country at $4.6 million...

...the weak dollar has drawn interest in the home from house-hunters in Canada, Australia and Italy; he sold a $7 million house to a Chilean family in December. In the past few days Aspen agents have reported showing homes to potential buyers from as wide a range as Russia, Brazil, the Dominican Republic, Italy and Australia...

Aspen hasn't missed the housing bust altogether: The number of homes sold last year was about half the level of 2006, and there have been foreclosures and notable fire sales... One house that sold for $16 million on Feb. 15, for example, was originally listed for $32 million.

More at the link, which concludes with comparisons to Telluride, Park City, Whistler (B.C.), Sun Valley, and Jackson Hole.