May real estate transaction numbers best yet for 2007 in Garfield County |

May real estate transaction numbers best yet for 2007 in Garfield County

Tammy Sommerfeld
Glenwood Springs, CO Colorado

GLENWOOD SPRINGS, Colorado ” Garfield County Real Estate transactions for the month of May have exceeded all other months thus far in 2008. The recorders office has reported 179 transactions for the month of May, just beating out April’s total of 171.

The month of May still reflects a decrease of 43 percent from May 2007 which reported 313 transfers. While transaction units were at their highest year-to-date, transaction dollars were not as fruitful. May reported only $61,858,400, which was the second lowest month in 2008 in dollars, with only the month of March trailing at $48,078,900. May transaction dollars trail May 2007’s total of $121,937,600 by approximately 49 percent.

Year-to-date real estate transactions in Garfield County are down approximately 35 percent with a total of 764 vs. 2007’s 1,169 for the same time period. Transaction dollars are down 20 percent from 2007 with $367,659,000 vs. $459,692,300.

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