Yeah... $1 mill+ is not a "starter home" no matter how large or small it is.
Archive: https://archive.today/PglLE
From the post:
>Starter homes are well above the $1 million mark in three Colorado municipalities, and they aren’t the places that might immediately jump to mind.
Aspen, Vail and Telluride aren’t the most expensive starter home markets in Colorado. Instead, it is Cherry Hills Village, not so much of a surprise, and smaller enclaves like Bow Mar and Columbine Valley, according to an analysis from Zillow, the real estate listing portal and data company.
Zillow defines a starter home in a given city as one in the 5th to 35th percentile in terms of price. It takes an average of that group, which works out to around the 20th percentile, and uses that as the typical price for a starter home.
Yeah... $1 mill+ is not a "starter home" no matter how large or small it is.
Archive: https://archive.today/PglLE
From the post:
>>Starter homes are well above the $1 million mark in three Colorado municipalities, and they aren’t the places that might immediately jump to mind.
Aspen, Vail and Telluride aren’t the most expensive starter home markets in Colorado. Instead, it is Cherry Hills Village, not so much of a surprise, and smaller enclaves like Bow Mar and Columbine Valley, according to an analysis from Zillow, the real estate listing portal and data company.
Zillow defines a starter home in a given city as one in the 5th to 35th percentile in terms of price. It takes an average of that group, which works out to around the 20th percentile, and uses that as the typical price for a starter home.