Five-county area shows first-quarter decrease |

Five-county area shows first-quarter decrease

The five counties that Land Title Guarantee tracks are Eagle, Garfield, Pitkin, Routt and Summit.

While we continue to see that sales and dollars are down from prior year in Garfield County, it is important to note that we are not alone.

Collectively, the five counties are down 49 percent through the first quarter with 912 transactions compared to 1,791 transactions through first quarter 2008.

Pitkin County is down by the lowest margin, showing a decrease of only 7 percent from last year. This is due primarily to the flurry of fractional sales thus far in 2009.

Routt County is down 17 percent, Summit and Eagle are down 60 percent and 62 percent, respectively, and Garfield is down by the highest margin with 72 percent.

Collectively, the five counties are down 61 percent with regard to total dollars in the first quarter, reporting $621,013,736 compared to 2008’s $1,576,220,167.

Again, Pitkin County has the smallest decrease with 25 percent. Summit County is reporting a 60 percent decrease while Routt and Eagle counties are reporting decreases of 71 percent and 72 percent, respectively. Garfield County is reporting a decrease of 81 percent with regard to dollars through the first quarter.

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