Real Estate Highlights: Average Home Price Remains Strong
Garfield County started 2007 off with a bang: Volume is way up over 2006, and average home prices remain strong. Garfield County reported a total dollar volume of $92.3 million, up 73 percent from 2006, while the number of transactions (237) was up by 50 percent from 2006. Average home prices are continuing to go against the national trend in Garfield County, with average sale prices for January in the mid $300’s, above the national average.
• Carbondale continues to lead the county with the highest dollar volume at $26 million, attributing to 28 percent of the total volume. • Carbondale also reports the highest number of transactions, with 52.• Glenwood Springs reported just below Carbondale with a total number of transactions at 51 and volume just $4 million less.• 61 vacant lots were sold, totaling more than $12.8 million at an average sales price of $211,367.• 119 single-family homes sold throughout the county, producing an average sales price of $357,743 countywide. • Median residential sales prices for the month of January are:1.Carbondale: $427,0002.Glenwood Springs: $325,0003.New Castle: $310,0004.Silt: $287,3005.Rifle: $228,7506.Parachute: $164,9007.Battlement Mesa: $385,000Please note: These figures are an unofficial tabulation of Garfield County records that are believed to be reasonably accurate. Average & Median Price calculations do not include Interval unit sales, or Quit Claim Deed sales.New: Average & Median Residential Column includes only Improved Residential Sales – all property types: Single Family, Duplex, Townhome, Condo.Data compliments of Land Title Guarantee Company, For more information contact Martha Brooks at 945-2610.
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A report released this month by the Center for Colorado River Studies says that in order to sustainably manage the river in the face of climate change, officials need alternative management paradigms and a different way of thinking compared with the status quo. Estimates about how much water the Upper Colorado River Basin states will use in the future are a problem that needs rethinking, according to the white paper.