Real Estate Highlights
While there continues to be a lot of talk about a slowing housing market, Garfield County real estate is humming along this first quarter of 2007, reporting a dollar volume increase over last March of 6 percent. Total dollar volume was at $93.1 million compared to $87.8 million in 2006. Garfield County also showed an increase in number of transactions, although slight, with a total of 237 over last years 227 a 4.4 percent increase. Comparing first quarter 2007 to the previous year we are showing a 31 percent increase in volume, $239 million to $182 million in 2006. As well we are at a 20 percent year-to-date increase in transactions with 612 compared to 510 as of March last year.The median home prices are continuing to go against the national trend as well in Garfield County reporting a median sale price for the month of March in the low $300s way above the national median of $217,000. March Highlights:• Glenwood Springs leads the county with the highest dollar volume at $30 million, attributing to 32.7 percent of the total volume. • Glenwood Springs also reports the highest number of transactions at 66.• Carbondale reported just below Glenwood Springs with a total volume of $19.2 million and number of transactions at 42.• 69 vacant land transactions took place, totaling over $14.5 million at an average sales price of $210.375.• 109 single family homes sold throughout the county producing an average sales price of $391,099 countywide. • Median residential sales prices for the month of March reported as follows:1.Carbondale – $493,7002.Glenwood Springs – $375,0003.New Castle – $310,7504.Silt – $349,0005.Rifle – $271,0006.Parachute – $213,0007.Battlement Mesa – $154,900
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With some students performing below their actual grade level, Garfield Re-2 School District leaders spent Monday’s board meeting asking themselves how they can improve the district’s quality of education.