Real Estate Highlights |

Real Estate Highlights

Data compliments of Land Title Guarantee Company

Garfield County continues the year on an upward swing, reporting a dollar volume increase over last February of 30.3 percent. Total dollar volume was at $53.8 million compared to $41 million in 2006. Garfield County also showed an increase in number of transactions, with a total of 138 compared to last year’s 125, a 10 percent increase. While the percentage increase for transactions was not as high as the dollar volume increase, our struggle with a lack of inventory is certainly continuing to drive the price point. The average home prices are continuing to go against the national trend as well, as Garfield County reported an average sale price for February in the high $300s, still above the national average. February Highlights• Carbondale continues to lead the county with the highest dollar volume at $16 million, attributing to 30 percent of the total volume. • Glenwood Springs reports the highest number of transactions at 29.• Carbondale reported just below Glenwood Springs with 28 transactions.• 33 vacant land transactions took place, totaling more than $6.7 million at an average sales price of $203,588.• 73 single-family homes sold throughout the county, producing an average sales price of $408,410 countywide. • Median residential sales prices for February are as follows:1.Carbondale – $493,0002.Glenwood Springs – $356,7003.New Castle – $283,5004.Silt – $260,5005.Rifle – $285,7506.Parachute – $168,400

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