Beverly Hills, Aspen Most Luxurious Real Estate Market in 2012

Beverly Hills ZIP code, 90210 is still the most luxurious and valuable real estate market in the U.S. in 2012, followed by Aspen, Colorado, according to Coldwell Banker's luxury real-estate report released Wednesday.

The report, which focused on the value of luxury real estate in today's market, found that outside of New York City, the exclusive Beverly Hills ZIP code, 90210, had the most luxury real estate sales over $10 million last year (21), with ZIP code 81611 in Aspen following closely behind (16). The Montecito, Calif., ZIP code 93108 came in third with 15 sales for ultra-luxury homes priced $10 million and up followed by 90077 in Bel Air, Calif. (10).

ZIP Codes with the Highest Volume of SALES $10 Million and Up in 2012

"The activity we are seeing for trophy home sales speaks volumes about the value of these markets," said Budge Huskey, president and CEO of Coldwell Banker Real Estate LLC. "While California and New York may lead in $10 million and above sales, areas such as Aspen continue to appeal more and more to high-end buyers, with its gorgeous architecture, landscape and lifestyle. Overall, the luxury real estate market is doing incredibly well, giving us many markets to watch."

"We are also seeing high-end buyers find value in beautiful but more undiscovered areas just outside of well-known luxury markets," said Betty Graham, president of Coldwell Banker Previews International / NRT. "Whereas a beachfront home may be $16 million in the ultra-luxury hot spot Montecito, Calif., a similar property may be just over $6 million in Carpinteria, Calif., which is only a seven-minute drive away. These hidden gems often offer the same benefits of their neighboring communities, but provide a unique opportunity for luxury buyers looking to optimize their investment."

The full report is available here.