Industry News

Senior homeowners boast high real estate values

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While California remains among the most expensive states for homeowners ages 55 to 74, Pitkin County, Colo., tops the list of U.S. counties with the highest average active adult home values, according to an analysis of 2000 U.S. Census data by the National Association of Home Builders. The builders group defines an active adult as a homeowner between the ages of 55 and 74. Pitkin County, best known for Aspen and its world-class ski resorts, ranked No. 1 in the nation, with an average home value of $946,036 for the 1,275 homes occupied by active adults. Pitkin was followed by New York County, N.Y., which had an average home value of $829,631 for its 42,844 homes owned by active adults. Teton County, Wyo., was next with an average home value of $650,526 for its 1,306 homes. Ten of the top 25 most expensive counties in the country were in California, led by Marin County, Calif., in fourth place (22,212 homes, $616,915 average home value) and San Mateo County, Calif., in fifth (49,24...