Garfield County real estate finishes strong in December |

Garfield County real estate finishes strong in December

The Land Title market analysis for 2009 is officially complete, and it ended with an interesting turn of events.

Following many months throughout the year with transactions and dollars down anywhere from 40-80 percent, December came in as the only month that posted single digit decreases from 2008. The total dollar volume for the month came in at $34.3 million, which was down 9 percent from the December 2008 total, while the transaction total came in at 68, which was down just under 3 percent from 2008’s total.

In fact, the dollar volume for December was stronger than any other month of 2009, while the transaction total was second only to the month of June.

For the year, however, it should come as no surprise that the decreases were not as minimal. Dollar volume for property transfers (all types) came in at $236,164,550. This total reflected a decrease in percentage of volume of 67 percent from 2008’s year end total of $723,167,700. Transaction totals came in at a total of 631 for the county, which was down just shy of 60 percent from 2008’s total of 1560.

More information will be forthcoming on 2009 with regard to activity levels by area and average and median prices. As we turn the page to 2010, it will be interesting to see what the year brings. For our reporting purposes, we will now be comparing 2010 to 2009 on a percentage change basis and 2008 will no longer be part of the equation.

Support Local Journalism

Support Local Journalism

Readers around Glenwood Springs and Garfield County make the Post Independent’s work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Each donation will be used exclusively for the development and creation of increased news coverage.

For tax deductible donations, click here.

Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User