Resort Real Estate Index |

Resort Real Estate Index

GLENWOOD SPRINGS, Colo. 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 $358 thousand for January of 2007. As has been well publicized 2006 was a record year in Garfield County with a total sales volume topping the one-billion dollar mark and 2007 is starting the year off with a bang. Across our neighboring resort communities 2007, with the exception of Summit County, is starting the year off well over pace from last year. Pitkin County surpassed Eagle County, reporting the highest volume at $253 million for the month of January. They were followed by Eagle County at $173 million, then Routt and Garfield Counties at $100 million and $92 million respectively. Summit County reports $82 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 low $700’s, Eagle County at $1.4 million and Pitkin County $5.5 million. Garfield County started the year reporting the average home sale at $357,743. The total dollar volume for January for Garfield County reported $92,346,900 from 237 transactions.Data compliments of Land Title Guarantee Company. For more information contact Martha Brooks at 970-945-2610.

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