Garfield County average, median home prices remain up
Garfield County real estate data through the month of February continues to show increased prices.
The Land Title statistics, which compare the entire year of 2008 against the first two months of 2009, show that the average single family home price is up 13 percent.
For the first two months of 2009 Garfield County averaged $504,917 on 35 transactions, as compared to the 2008 entire year average of $448,167 on 800 transactions. Every area within the county has shown an increase, with the exception of Carbondale which is currently reporting a decrease of 18 percent with an average price of $717,800.
The median single family home price for Garfield County is up 14 percent over the 2008 year end median. The median price is derived from the point in the data where half of the sales are above and half are below. That number for Garfield County currently sits at $423,200, an increase over 2008’s $372,000.
Of all of the single family data for 2009, the only area showing a decrease in median price is Rifle, which is down just slightly at 2 percent.
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The family of Rosie Ferrin has worked to clean up and make safe again the old schoolhouse in downtown New Castle. Ferrin died this summer and had owned the building that included classrooms turned into apartments for years.