Real Estate Index by County
Is our affordable house getting less affordable? So it seems. However while the average home price in Garfield County continues to rise along with the rest of the resort communities, it is still where you will find most of the affordable housing in the Roaring Fork Valley, reporting an average home price of just under $380,000 for February 2007.Across our neighboring resort communities 2007 is continuing the year well above pace from last year. Even Summit County is back on track after a slight decline in January. Eagle County surpassed Piton County once again, reporting the highest volume at $253 million for February, a 69 percent increase compared to last year. They were followed by Pitkin County at $192.6 million – a 59 percent increase – then Summit County with a 15 percent increase at $88 million. Routt County reported $74 million, 54 percent higher than the same month in 2006. Finally Garfield County reported a 30 percent increase at $53.8 million for the month.Our neighboring mountain communities continue to report much higher than average sales than the rest of the country, reporting January averages as follows: Routt County reports an average of $1 million and Summit County is in the high $700’s, Eagle County at $1.4 million and Pitkin County $5.3 million. Garfield County started the year reporting the average home sale at $357,743; this increased slightly in February to $377,007. The total dollar volume for February for Garfield County was $53,852,300 from 138 transactions.
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